Home > Salary > United Kingdom > 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: 70,423 GBP
Estimated Monthly Salary: 5,869 GBP
Estimated Weekly Salary: 1,354 GBP per week
Estimated Hourly Salary: 34 GBP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,677 GBP
Estimated Weekly Salary: 1,310 GBP per week
Estimated Hourly Salary: 33 GBP per hour
Last revision of data: 2024-04-18
Estimated Yearly Salary: 83,139 USD
Estimated Monthly Salary: 6,928 USD
Estimated Weekly Salary: 1,599 USD per week
Estimated Hourly Salary: 40 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: 70,423 GBP
Estimated Monthly Salary: 5,869 GBP
Estimated Weekly Salary: 1,354 GBP per week
Estimated Hourly Salary: 34 GBP per hour
By working as Actuarial Consultant a person can save up to 4,973 USD per month or 59,672 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 United Kingdom, see costs of living in United Kingdom.
Estimated Yearly Salary for Actuarial Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Average Yearly Salary of Actuarial Consultant in United Kingdom is approximately 70,423 GBP (83,139 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: 70,423 GBP
Estimated Monthly Salary: 5,869 GBP
Estimated Weekly Salary: 1,354 GBP per week
Estimated Hourly Salary: 34 GBP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 68,121 GBPEstimated Monthly Salary: 5,677 GBP
Estimated Weekly Salary: 1,310 GBP per week
Estimated Hourly Salary: 33 GBP per hour
Last revision of data: 2024-04-18Actuarial Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 83,139 USD
Estimated Monthly Salary: 6,928 USD
Estimated Weekly Salary: 1,599 USD per week
Estimated Hourly Salary: 40 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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Salary comparison to National average
The United Kingdom, also known as the UK, is a country located in northwestern Europe. It consists of four countries: England, Scotland, Wales, and Northern Ireland. With a population of approximately 66 million people, it is the fifth-largest economy in the world. The UK covers an area of around 93,600 square miles, making it the 78th largest country by size.
Estimated national average yearly salary is 41,537 GBP (48,890 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in United Kingdom.
Comparison shows that a person working as Actuarial Consultant in United Kingdom earns on average:
1.7 times the average salary (or 170% of average salary).
Estimated national average yearly salary is 41,537 GBP (48,890 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in United Kingdom.
Comparison shows that a person working as Actuarial Consultant in United Kingdom earns on average:
1.7 times the average salary (or 170% of average salary).
Is Actuarial Consultant a well paid job?
Yes, our data shows that Actuarial Consultant 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 Consultant?
High salary for Actuarial Consultant would be somewhere between 77,465 GBP and 102,113 GBP. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Consultant in United Kingdom?
Living in United Kingdom the approximate monthly expenses are: 1,956 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: 70,423 GBP
Estimated Monthly Salary: 5,869 GBP
Estimated Weekly Salary: 1,354 GBP per week
Estimated Hourly Salary: 34 GBP per hour
By working as Actuarial Consultant a person can save up to 4,973 USD per month or 59,672 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 United Kingdom, see costs of living in United Kingdom.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ireland. 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
Ireland is 149,551 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 United Kingdom
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4. Cardiologist
(332,162 GBP per year, pre-tax.)
5. Cardiologist
(330,298 GBP per year, pre-tax.)
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8. Neurosurgeon
(310,506 GBP per year, pre-tax.)
9. Neurosurgeon
(309,585 GBP per year, pre-tax.)
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Data as of 2025Random salary:
Vice chancellor (96,527 GBP per year, pre-tax.)
Lead hand (24,929 GBP per year, pre-tax.)
Laboratory specialist (42,004 GBP per year, pre-tax.)
Assistant professor of nursing (45,275 GBP per year, pre-tax.)
Loan collector (22,755 GBP per year, pre-tax.)
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