Health Actuary

Prices health insurance and predicts medical costs.

A day in the life

You estimate how a new expensive drug will change an insurer's costs, and help set next year's premiums for millions of members.

Pay over a career

Starting
$80k
Typical
$135k
High
$230k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 8 years after high school. Bachelor's in math, actuarial science, or statistics, plus a series of professional exams (SOA or CAS) taken while working; full credentials take about 7-10 years. Employers usually pay for exam study.

Ways in: 4-year college, Certification. Training cost: $15k – $60k.

Majors to look at: Actuarial Science, Mathematics, Public Health.

Outlook

Growing much faster than average (about 22% over 10 years). Growth is for actuaries overall.

Will it last? Our AI estimate

Medium risk for 10 years. AI forecasts medical costs faster; setting premiums and explaining new drug costs to leaders stay human.

Start now, in high school

Classes: AP Calculus, AP Statistics, AP Biology.

Official data: O*NET occupation 15-2011.

More Actuarial Science & Risk careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.