Home > Salary > Saudi Arabia > Actuarial Associate
An actuarial associate is a professional who works in the field of actuarial science. They are responsible for analyzing and interpreting data to assess and manage risks for insurance companies, financial institutions, and other organizations. Actuarial associates use mathematical and statistical models to calculate the probability of certain events occurring, such as accidents, illnesses, or natural disasters, and determine the financial impact of these events. They also design and evaluate insurance policies, develop pricing strategies, and provide recommendations on risk management.
Estimated Yearly Salary: 170,489 SAR
Estimated Monthly Salary: 14,207 SAR
Estimated Weekly Salary: 3,279 SAR per week
Estimated Hourly Salary: 82 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,733 SAR
Estimated Weekly Salary: 3,169 SAR per week
Estimated Hourly Salary: 79 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 42,710 USD
Estimated Monthly Salary: 3,559 USD
Estimated Weekly Salary: 821 USD per week
Estimated Hourly Salary: 21 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 170,489 SAR
Estimated Monthly Salary: 14,207 SAR
Estimated Weekly Salary: 3,279 SAR per week
Estimated Hourly Salary: 82 SAR per hour
By working as Actuarial Associate a person can save up to 2,456 USD per month or 29,467 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Actuarial Associate
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Associate salary in Saudi Arabia
Average Yearly Salary of Actuarial Associate in Saudi Arabia is approximately 170,489 SAR (42,710 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Actuarial Associate do?
An actuarial associate is a professional who works in the field of actuarial science. They are responsible for analyzing and interpreting data to assess and manage risks for insurance companies, financial institutions, and other organizations. Actuarial associates use mathematical and statistical models to calculate the probability of certain events occurring, such as accidents, illnesses, or natural disasters, and determine the financial impact of these events. They also design and evaluate insurance policies, develop pricing strategies, and provide recommendations on risk management.
Skills: Actuarial science, Risk assessment, Data analysis, Statistical modeling, Insurance industry, Risk management
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Associate make?
Salary details
How much does Actuarial Associate make?Estimated Yearly Salary: 170,489 SAR
Estimated Monthly Salary: 14,207 SAR
Estimated Weekly Salary: 3,279 SAR per week
Estimated Hourly Salary: 82 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 164,800 SAREstimated Monthly Salary: 13,733 SAR
Estimated Weekly Salary: 3,169 SAR per week
Estimated Hourly Salary: 79 SAR per hour
Last revision of data: 2024-01-08Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 42,710 USD
Estimated Monthly Salary: 3,559 USD
Estimated Weekly Salary: 821 USD per week
Estimated Hourly Salary: 21 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Actuarial Associate in Saudi Arabia earns on average:
1.65 times the average salary (or 165% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Actuarial Associate in Saudi Arabia earns on average:
1.65 times the average salary (or 165% of average salary).
Is Actuarial Associate a well paid job?
Yes, our data shows that Actuarial Associate is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Actuarial Associate?
High salary for Actuarial Associate would be somewhere between 187,538 SAR and 247,209 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Associate in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 170,489 SAR
Estimated Monthly Salary: 14,207 SAR
Estimated Weekly Salary: 3,279 SAR per week
Estimated Hourly Salary: 82 SAR per hour
By working as Actuarial Associate a person can save up to 2,456 USD per month or 29,467 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Associate
Jordan is 14,683 USD
Iraq is 9,242 USD
Kuwait is 20,666 USD
Qatar is 109,106 USD
Bahrain is 27,659 USD
United Arab Emirates is 75,868 USD
Oman is 14,050 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Reimbursement analyst (115,480 SAR per year, pre-tax.)
Learning and development consultant (123,415 SAR per year, pre-tax.)
It business administrator (100,561 SAR per year, pre-tax.)
Esthetician (46,624 SAR per year, pre-tax.)
Mechanical estimator (104,220 SAR per year, pre-tax.)
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