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An actuary is a professional who uses mathematical and statistical methods to assess and manage risks in various industries, primarily in insurance and finance. Actuaries analyze data, develop models, and make predictions to help organizations make informed decisions regarding investments, pricing, and risk management. They use their expertise to evaluate the likelihood and potential impact of future events, such as accidents, natural disasters, or changes in market conditions. Actuaries also play a crucial role in designing insurance policies and pension plans, ensuring they are financially sustainable and provide adequate coverage.
Estimated Yearly Salary: 263,187 SGD
Estimated Monthly Salary: 21,932 SGD
Estimated Weekly Salary: 5,061 SGD per week
Estimated Hourly Salary: 127 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 21,242 SGD
Estimated Weekly Salary: 4,902 SGD per week
Estimated Hourly Salary: 123 SGD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 131,468 USD
Estimated Monthly Salary: 10,956 USD
Estimated Weekly Salary: 2,528 USD per week
Estimated Hourly Salary: 63 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: 263,187 SGD
Estimated Monthly Salary: 21,932 SGD
Estimated Weekly Salary: 5,061 SGD per week
Estimated Hourly Salary: 127 SGD per hour
By working as Actuary a person can save up to 8,268 USD per month or 99,212 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 Actuary
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Beverage manager (141,238 SGD per year, pre-tax.)
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Actuary salary in Singapore
Average Yearly Salary of Actuary in Singapore is approximately 263,187 SGD (131,468 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 Actuary do?
An actuary is a professional who uses mathematical and statistical methods to assess and manage risks in various industries, primarily in insurance and finance. Actuaries analyze data, develop models, and make predictions to help organizations make informed decisions regarding investments, pricing, and risk management. They use their expertise to evaluate the likelihood and potential impact of future events, such as accidents, natural disasters, or changes in market conditions. Actuaries also play a crucial role in designing insurance policies and pension plans, ensuring they are financially sustainable and provide adequate coverage.
Skills: Actuary, Risk management, Insurance, Finance, Mathematics, Statistics
Job industry: Insurance
Job industry: Insurance
How much does Actuary make?
Salary details
How much does Actuary make?Estimated Yearly Salary: 263,187 SGD
Estimated Monthly Salary: 21,932 SGD
Estimated Weekly Salary: 5,061 SGD per week
Estimated Hourly Salary: 127 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 254,904 SGDEstimated Monthly Salary: 21,242 SGD
Estimated Weekly Salary: 4,902 SGD per week
Estimated Hourly Salary: 123 SGD per hour
Last revision of data: 2024-01-02Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 131,468 USD
Estimated Monthly Salary: 10,956 USD
Estimated Weekly Salary: 2,528 USD per week
Estimated Hourly Salary: 63 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 Actuary job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuary in Singapore earns on average:
2.76 times the average salary (or 276% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuary job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuary in Singapore earns on average:
2.76 times the average salary (or 276% of average salary).
Is Actuary a well paid job?
Yes, our data show that Actuary 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 Actuary?
High salary for Actuary would be somewhere between 289,506 SGD and 381,621 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuary 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: 263,187 SGD
Estimated Monthly Salary: 21,932 SGD
Estimated Weekly Salary: 5,061 SGD per week
Estimated Hourly Salary: 127 SGD per hour
By working as Actuary a person can save up to 8,268 USD per month or 99,212 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 Actuary
Malaysia is 35,021 USD
Indonesia is 20,739 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
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
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.)
(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 2025Random salary:
Beverage manager (141,238 SGD per year, pre-tax.)
Deputy campaign manager (51,408 SGD per year, pre-tax.)
Solar photovoltaic (pv), design engineer (61,521 SGD per year, pre-tax.)
Companion (66,761 SGD per year, pre-tax.)
Gaming commissioner (84,968 SGD per year, pre-tax.)
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