Home > Salary > Singapore > Actuarial Consultant
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Estimated Yearly Salary: 247,971 SGD
Estimated Monthly Salary: 20,664 SGD
Estimated Weekly Salary: 4,769 SGD per week
Estimated Hourly Salary: 119 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 20,021 SGD
Estimated Weekly Salary: 4,620 SGD per week
Estimated Hourly Salary: 116 SGD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 124,144 USD
Estimated Monthly Salary: 10,345 USD
Estimated Weekly Salary: 2,387 USD per week
Estimated Hourly Salary: 60 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: 247,971 SGD
Estimated Monthly Salary: 20,664 SGD
Estimated Weekly Salary: 4,769 SGD per week
Estimated Hourly Salary: 119 SGD per hour
By working as Actuarial Consultant a person can save up to 7,657 USD per month or 91,888 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 Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Consultant salary in Singapore
Average Yearly Salary of Actuarial Consultant in Singapore is approximately 247,971 SGD (124,144 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 Consultant do?
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Skills: Actuarial consulting, Risk management, Financial forecasting, Data analysis, Mathematical modeling, Statistical techniques
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Consultant make?
Salary details
How much does Actuarial Consultant make?Estimated Yearly Salary: 247,971 SGD
Estimated Monthly Salary: 20,664 SGD
Estimated Weekly Salary: 4,769 SGD per week
Estimated Hourly Salary: 119 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 240,254 SGDEstimated Monthly Salary: 20,021 SGD
Estimated Weekly Salary: 4,620 SGD per week
Estimated Hourly Salary: 116 SGD per hour
Last revision of data: 2024-01-09Actuarial Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 124,144 USD
Estimated Monthly Salary: 10,345 USD
Estimated Weekly Salary: 2,387 USD per week
Estimated Hourly Salary: 60 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
Compare salary to other countries
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Country:
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 Consultant job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Consultant in Singapore earns on average:
2.6 times the average salary (or 260% 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 Consultant job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Consultant in Singapore earns on average:
2.6 times the average salary (or 260% of average salary).
Is Actuarial Consultant a well paid job?
Yes, our data show that Actuarial Consultant 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 Consultant?
High salary for Actuarial Consultant would be somewhere between 272,768 SGD and 359,558 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Consultant 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: 247,971 SGD
Estimated Monthly Salary: 20,664 SGD
Estimated Weekly Salary: 4,769 SGD per week
Estimated Hourly Salary: 119 SGD per hour
By working as Actuarial Consultant a person can save up to 7,657 USD per month or 91,888 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 Consultant
Malaysia is 32,966 USD
Indonesia is 19,564 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.)
2. Cardiologist
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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:
Environmental health safety (ehs), coordinator (153,820 SGD per year, pre-tax.)
Audiologist (181,656 SGD per year, pre-tax.)
Computer science teacher postsecondary (88,489 SGD per year, pre-tax.)
Sr. human resources (hr), business partner (144,110 SGD per year, pre-tax.)
Electrical discharge machine (edm), operator (101,082 SGD per year, pre-tax.)
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optisalary.com displays salary figures exclusively for reference use. While we endeavor for correctness, we do not ensure the precision of all figures. Users must verify salary details with reliable sources before making financial decisions. Salary estimates can fluctuate based on numerous elements, such as geographic location, experience, and job role. We assume no liability for misinterpretations in the pay figures provided. By accessing this website, you acknowledge that salary data is subject to change.