Entry-Level Actuary Salary in Groton, CT: $81,865 (2026)
Quick Answer:New actuaries entering the Groton, CT job market in 2026 can expect a starting salary around $81,865 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Groton's local price level (BEA RPP 107.9 — 8% above national), a first-year paycheck buys what $75,871 would in average-cost America. Most reach the city median ($140,320) within a few years of clinical practice.
Based on BLS state-level estimates · View source
Starting out as an actuary in Groton, Connecticut, offers fresh graduates a notable starting point, with a projected entry-level salary of $81,865 in 2026. While this figure is modest compared to the city’s median annual salary of $140,320, new graduates can anticipate growth as they advance in their careers. As they gather experience over the first few years, salaries may rise through the $110,533 mark at the 25th percentile and could potentially reach higher tiers with additional qualifications and exams. Given the 3.20% annual growth rate expected within this profession, Groton represents a relatively promising market for entry-level actuaries at this time, particularly for those who are eager to engage in intensive studying and networking early in their careers.
About the Groton Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Career Earnings Timeline in Groton
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Groton
Entry-level actuarys in Groton, CT typically start between $81,865 and $110,533 per year (2026 est.). The full salary range spans $135,631 from the 10th to 90th percentile, with the local median at $140,320 — 4.59% above the national median.
Return on Investment
The average actuarial science program cost in Connecticut of $75,000 represents just 91.61% of the starting actuary pay ($81,865/year) in Groton. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition at public and private universities, plus estimated actuarial exam fees and study materials. Employers often cover exam costs once employed.
ASA, FSA Salary Negotiation Tips for New Graduates in Groton
- 1Research the Groton market: entry-level actuary pay ranges from $81,865 to $110,533, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the actuarial science field — employers in CT often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Groton, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Groton for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Groton's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Groton is $135,631 ( 165.68%) between entry-level and top earners. Starting at $81,865, experienced hygienists can earn up to $217,496.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$65,485
2025 BLS Actual
$79,327
2026 Current Est.
$81,865
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Groton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $65,485 | Actual |
| 2020 | $66,666 | Actual |
| 2021 | $63,869 | Actual |
| 2022 | $72,451 | Actual |
| 2023 | $76,106 | Actual |
| 2024 | $87,962 | Actual |
| 2025 | $79,327 | Actual |
| 2026(current) | $81,865 | Estimated |
| 2027 | $84,485 | Projected |
Entry-level actuary compensation (10th percentile) in Groton, CT grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $65,485 in 2019 to $79,327 in 2025. By 2027, starting salaries are projected to reach $84,485. New graduates entering the Groton job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Groton metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your actuarial science Career in Groton
When considering career opportunities in Groton, several prominent employers actively seek entry-level actuaries, including life insurers such as Prudential and MetLife, along with consulting firms like Milliman and Mercer. These organizations often have established pipelines for hiring, providing structured exam preparation and mentoring for new hires. New graduates should focus on obtaining relevant credentials and continuing education—holding a bachelor's degree in fields like mathematics or actuarial science and passing initial actuarial exams can significantly influence starting pay. Candidates who obtain their Associate designation (ASA) also tend to benefit from salary increases of around $3,000 to $8,000 for each passed exam. Furthermore, those completing their Fellowship (FSA/FCAS) have access to higher compensation, particularly within consulting roles, where skills in predictive analytics and data science are increasingly valued. Therefore, while the first few years post-graduation may begin with modest salaries, building expertise and credentials strategically can lead to lucrative long-term earning potential in this profession in Groton.
More salary data for Groton, CT:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new actuarial science graduates. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Groton. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Groton is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov