Actuaries
Also called: Actuarial Analyst, Actuary, Consulting Actuary, Pricing ActuaryAnalyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
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What the data says: AI could halve the time on 12 of its 14 rated tasks, yet jobs are projected to grow 9.2% by 2035. In the most exposed occupations, the squeeze shows up first among early-career workers. How to think about this →
About this projection
BLS builds AI into its projections where the research supports it: “BLS generally applies adjustments based on this research conservatively, where there is convincing evidence for a change.”
It also notes a limit: “BLS projection methods are not designed to capture extremely rapid technological change.”
On its AI exposure groups, BLS says exposure “does not imply job loss.”
Recent conditions
- In 2024, 0.8% of people in this work were unemployed, against 3.8% across all occupations Census ACS 2024
- From Sep 2025 to Aug 2026, 4.3 hires for every 10 job openings in finance and insurance, which employs about 76% of people in this work, against 7.3 across all industries BLS JOLTS
One box per opening, filled for each hire; hires beyond the openings are added in a lighter shade. Higher can mean openings get filled, or that people leave often; lower, that jobs go unfilled, or hiring is slow.4.3 this industry7.3 all industries
Median pay by state BLS OEWS May 2025, state estimates
Tap a state for its figures.
Median pay in every state
| State | Median | Middle half earn | Jobs |
|---|---|---|---|
| Alabama | $136,950 | $82,630 to $149,320 | 190 |
| Arizona | $135,870 | $107,700 to $170,800 | 200 |
| California | $130,510 | $101,600 to $188,390 | 1,280 |
| Colorado | $120,440 | $92,140 to $163,600 | 500 |
| Connecticut | $166,800 | $129,170 to $198,260 | 1,380 |
| District of Columbia | $166,230 | $144,680 to $185,220 | 160 |
| Florida | $132,110 | $98,410 to $165,610 | 1,300 |
| Georgia | not published | not published | 1,470 |
| Hawaii | not published | not published | 30 |
| Illinois | $115,430 | $95,940 to $158,540 | 2,280 |
| Indiana | $100,690 | $79,420 to $131,110 | 780 |
| Iowa | $128,690 | $99,680 to $154,270 | 530 |
| Kansas | $125,010 | $91,970 to $175,750 | 180 |
| Kentucky | $120,400 | $100,210 to $133,000 | 70 |
| Louisiana | $80,860 | $78,570 to $120,460 | 40 |
| Maine | $119,620 | $104,490 to $138,220 | 80 |
| Maryland | $126,950 | $100,660 to $165,400 | 580 |
| Massachusetts | $126,040 | $97,860 to $165,040 | not published |
| Michigan | $100,640 | $78,510 to $134,460 | 570 |
| Minnesota | $128,100 | $98,340 to $165,970 | 1,170 |
| Mississippi | $106,210 | $77,720 to $166,130 | 40 |
| Missouri | $129,220 | $94,430 to $173,000 | 390 |
| Nebraska | $102,790 | $84,760 to $130,670 | 270 |
| Nevada | $132,370 | $98,620 to $171,700 | 120 |
| New Jersey | $142,800 | $110,360 to $184,480 | 1,260 |
| New York | $156,480 | $106,140 to $211,330 | 2,630 |
| North Carolina | $128,730 | $89,610 to $154,450 | 610 |
| Ohio | $110,980 | $84,300 to $153,690 | 1,090 |
| Oklahoma | $109,760 | $83,420 to $134,080 | 70 |
| Oregon | $130,380 | $102,030 to $170,760 | 210 |
| Pennsylvania | $125,040 | $96,990 to $161,090 | 1,710 |
| Puerto Rico | $68,100 | $52,910 to $103,040 | 30 |
| Rhode Island | $111,090 | $78,110 to $156,700 | 100 |
| South Carolina | not published | not published | 140 |
| Tennessee | $108,930 | $78,390 to $150,490 | 300 |
| Texas | $105,020 | $81,880 to $137,590 | 1,750 |
| Utah | $132,720 | $113,170 to $132,720 | 180 |
| Virginia | $131,900 | $100,580 to $166,920 | 440 |
| Washington | $134,720 | $99,790 to $175,600 | 360 |
| Wisconsin | $131,640 | $95,620 to $160,510 | 890 |
Nationally: $130,000. Shades run from the lowest state median to the highest; a territory below that range takes the lightest. How to read this
How AI touches the work
What AI could speed up, task by task, and where people already use it.
AI could halve the time on 12 of its 14 rated tasks
| AI rating | Its main tasks | Share of Claude conversations May 2026 |
|---|---|---|
| Not rated | Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits. | Not published |
| AI alone | Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates. | under 0.01% |
| AI + software | Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business. | Not published |
| AI + software | Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums. | Not published |
| AI alone | Provide advice to clients on a contract basis, working as a consultant. | 0.07% |
| AI alone | Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public. | Not published |
See all 15 tasks
| AI + software | Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. | Not published |
| AI + software | Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings. | Not published |
| AI + software | Negotiate terms and conditions of reinsurance with other companies. | Not published |
| AI + software | Determine policy contract provisions for each type of insurance. | Not published |
| AI + software | Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies. | Not published |
| Not much | Testify before public agencies on proposed legislation affecting businesses. | Not published |
| Not much | Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident. | Not published |
| AI + software | Explain changes in contract provisions to customers. | under 0.01% |
| AI + software | Manage credit and help price corporate security offerings. | Not published |
Ordered by how important O*NET's respondents rate each task (1 to 5) times the share who say it is part of their job. The ordering is ours. 3 of the 15 have a published share of Claude conversations; “not published” means too few conversations for Anthropic to publish a figure.
Where people already use AI
The tasks above say what AI could speed up. This shows what people are using it for. Its 15 tasks fall under 11 work activities that many occupations share, and Microsoft counted how often each one came up in 200,000 conversations with its Copilot assistant in 2024.
- #11 Provide information to guests, clients, or customers
- #28 Analyze scientific or applied data using mathematical principles
- #34 Advise others on products or services
| Work activity | This occupation's tasks under it | People asked AI for help in 10,000 conversations |
AI did it for them in 10,000 conversations |
|---|---|---|---|
| Manage budgets or finances | |||
| Present information in legal proceedings | |||
| Provide information to guests, clients, or customers | |||
| Analyze scientific or applied data using mathematical principles | |||
| Advise others on products or services | |||
| Advise others on legal or regulatory matters | |||
| Analyze health or medical data | |||
| Develop organizational or program goals or objectives |
Show all 11 activities
| Analyze data to improve operations | |||
| Communicate with others about business strategies | |||
| Negotiate contracts or agreements |
How people in this work use Claude
What people in this work made with Claude % of conversations
- A document or report22%
- An explanation or answer19%
- Advice or a recommendation19%
- An email or message14%
- An analysis or summary10%
How they worked with Claude
54% of these conversations were about work. Anthropic Economic Index, May 2026.
How to read this
Work activities come from O*NET, which links every task to the broader activities it involves. Microsoft's figures are for the activity across everyone who used Copilot, not for actuaries specifically. Copilot is a general chat assistant; dedicated coding tools are not included, so programming help is under-counted here. Activities are listed by how many of this occupation's tasks fall under them.
The task ratings say whether AI could halve the time a task takes: on its own (“AI alone”), or with software built on it (“AI + software”). They were made by people in 2023 (Eloundou et al.). Claude's share is the task's share of all Claude.ai conversations in May 2026; Anthropic doesn't publish a task with too few conversations. None of these add up to the BLS exposure group, which combines five research measures.
More in the Guide: task ratings · task order · work activities · Copilot figures · Claude
High exposure doesn't mean fewer jobs
BLS projects most occupations in its two most exposed groups to grow: 141 of 206 rated Very high and 165 of 206 rated High. Each dot is one of the 831 occupations BLS rates.
Career moves into and out of this occupation
From moves between occupations found in online resumes, 2002–2016. Career changes only: a first job after school isn't a move.
Where people moved next
of 5,926 moves out
- 1 Managers, All Other (2010 group) an older group BLS has since split; no exposure group today 7%
- 2 Management Analysts Very high +10.1% 5%
- 3 General and Operations Managers High +5.0% 5%
- 4 Computer Occupations, All Other (2010 group) an older group BLS has since split; no exposure group today 4%
- 5 Financial Analysts (2010 group) an older group BLS has since split; no exposure group today 3%
Where people moved in from
of 5,425 moves in
- 1 Managers, All Other (2010 group) an older group BLS has since split; no exposure group today 7%
- 2 General and Operations Managers High +5.0% 4%
- 3 Management Analysts Very high +10.1% 3%
- 4 Customer Service Representatives Very high -5.3% 3%
- 5 Computer Occupations, All Other (2010 group) an older group BLS has since split; no exposure group today 3%
Resumes over-represent younger, white-collar job-seekers and moves into management. Schubert, Stansbury and Taska (resume data).
Education and training for the occupation
Census survey (American Community Survey)
- 2% some college
- 65% bachelor's
- 23% master's
- 7% professional degree
- 4% doctorate
Census ACS 2024, all workers in this occupation · 454 people surveyed.
Median pay by highest degree full-time, year-round · Census ACS 2024, all workers in this occupation
9 programs, such as Applied Mathematics, General, Computational and Applied Mathematics and Statistics, General.
See all
- Applied Mathematics, General
- Computational and Applied Mathematics
- Statistics, General
- Mathematical Statistics and Probability
- Mathematics and Statistics
- Statistics, Other
- Applied Statistics, General
- Risk Management
- Actuarial Science
Jobs that require a credential BLS Occupational Requirements Survey 2023
BLS publishes no credential figures for this occupation.
Look up certifications, training and licenses U.S. Department of Labor
- Certification Finder ↗ certifications CareerOneStop lists for this occupation
- Training Finder ↗ schools and programs, nationwide; narrow the place there
- License Finder ↗ licenses by state
- Apprenticeships: DOL's list of apprenticeable occupations doesn't include this one.
These open in a new tab and send only the occupation's public code. More in the Guide
BLS AI exposure categories (Aug 2026) · BLS Employment Projections 2025–35 · O*NET 31.0 · Task ratings: Eloundou et al., Science (2024) · Microsoft "Working with AI" v1.1 · Anthropic Economic Index (2026-06-26) · Schubert, Stansbury and Taska · NCES CIP–SOC · Census ACS 2024 · BLS JOLTS · Brynjolfsson, Chandar and Chen, Stanford (Aug 2026)
See it online, and explore any career: https://www.pathmosaic.com/card/15-2011.00