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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: 208,270 SGD
Estimated Monthly Salary: 17,356 SGD
Estimated Weekly Salary: 4,005 SGD per week
Estimated Hourly Salary: 100 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,725 SGD
Estimated Weekly Salary: 3,860 SGD per week
Estimated Hourly Salary: 96 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 103,567 USD
Estimated Monthly Salary: 8,631 USD
Estimated Weekly Salary: 1,992 USD per week
Estimated Hourly Salary: 50 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 208,270 SGD
Estimated Monthly Salary: 17,356 SGD
Estimated Weekly Salary: 4,005 SGD per week
Estimated Hourly Salary: 100 SGD per hour
By working as Actuarial Associate a person can save up to 5,943 USD per month or 71,311 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 Singapore, see costs of living in Singapore.
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 Singapore
Average Yearly Salary of Actuarial Associate in Singapore is approximately 208,270 SGD (103,567 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: 208,270 SGD
Estimated Monthly Salary: 17,356 SGD
Estimated Weekly Salary: 4,005 SGD per week
Estimated Hourly Salary: 100 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 200,700 SGDEstimated Monthly Salary: 16,725 SGD
Estimated Weekly Salary: 3,860 SGD per week
Estimated Hourly Salary: 96 SGD per hour
Last revision of data: 2024-01-03Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 103,567 USD
Estimated Monthly Salary: 8,631 USD
Estimated Weekly Salary: 1,992 USD per week
Estimated Hourly Salary: 50 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
Compare salary to other countries
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Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Associate in Singapore earns on average:
2.18 times the average salary (or 218% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Associate in Singapore earns on average:
2.18 times the average salary (or 218% of average salary).
Is Actuarial Associate a well paid job?
Yes, our data show that Actuarial Associate is a very 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 229,097 SGD and 301,992 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Associate in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 208,270 SGD
Estimated Monthly Salary: 17,356 SGD
Estimated Weekly Salary: 4,005 SGD per week
Estimated Hourly Salary: 100 SGD per hour
By working as Actuarial Associate a person can save up to 5,943 USD per month or 71,311 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 27,506 USD
Indonesia is 16,319 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 Singapore
(1,400,313 SGD per year, pre-tax.)
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5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
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Data as of 2025Random salary:
Auto mechanic (69,106 SGD per year, pre-tax.)
Pr specialist (125,986 SGD per year, pre-tax.)
Physician doctor plastic surgeon (469,255 SGD per year, pre-tax.)
Church choir director (43,823 SGD per year, pre-tax.)
Air force chief master sergeant air (208,755 SGD per year, pre-tax.)
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