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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?

occupation personasAn 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


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: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 240,254 SGD
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



Actuarial 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 up arrow 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.

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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 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 USDdown arrow 73%
Details on Actuarial Consultant salary in Malaysia
Indonesia is 19,564 USDdown arrow 84%
Details on Actuarial Consultant salary in Indonesia
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Singapore

(1,400,313 SGD per year, pre-tax.)
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)

Data as of 2025

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