Entry-Level Actuary Salary in Hobart, IN: $76,156 (2026)
Quick Answer:New actuaries entering the Hobart, IN job market in 2026 can expect a starting salary around $76,156 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Hobart's local price level (BEA RPP 91.3 — 9% below national), a first-year paycheck buys what $83,413 would in average-cost America. Most reach the city median ($117,630) within a few years of clinical practice.
Based on BLS state-level estimates · View source
Hobart, Indiana, presents a promising environment for entry-level actuaries, with starting salaries set at around $76,156 in 2026. This figure represents a significant step towards the city's median annual salary of $117,630, highlighting a gap that early-career professionals can expect to bridge as they progress in their roles. New graduates can anticipate a growth trajectory, moving from the 10th percentile to the 25th percentile at approximately $88,716 within the first few years, eventually reaching the median mark. Given the projected annual growth rate of 3.20% and the overall market conditions in Hobart, newcomers should feel optimistic about their earning potential and job prospects in a field that is crucial to financial stability and risk management.
About the Hobart Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Career Earnings Timeline in Hobart
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 Hobart
Entry-level actuarys in Hobart, IN typically start between $76,156 and $88,716 per year (2026 est.). The full salary range spans $106,172 from the 10th to 90th percentile, with the local median at $117,630 — 12.32% below the national median.
Return on Investment
The average actuarial science program cost in Indiana of $48,000 represents just 63.03% of the starting actuary pay ($76,156/year) in Hobart. 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 Hobart
- 1Research the Hobart market: entry-level actuary pay ranges from $76,156 to $88,716, 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 IN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Hobart, 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 Hobart for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Hobart's below-average cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Hobart is $106,172 ( 139.41%) between entry-level and top earners. Starting at $76,156, experienced hygienists can earn up to $182,328.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$60,918
2025 BLS Actual
$73,795
2026 Current Est.
$76,156
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Hobart (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,918 | Actual |
| 2020 | $62,017 | Actual |
| 2021 | $59,415 | Actual |
| 2022 | $67,399 | Actual |
| 2023 | $70,799 | Actual |
| 2024 | $64,641 | Actual |
| 2025 | $73,795 | Actual |
| 2026(current) | $76,156 | Estimated |
| 2027 | $78,593 | Projected |
Entry-level actuary compensation (10th percentile) in Hobart, IN grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $60,918 in 2019 to $73,795 in 2025. By 2027, starting salaries are projected to reach $78,593. New graduates entering the Hobart job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hobart 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 Hobart
In Hobart, employers such as Prudential, MetLife, and Northwestern Mutual tend to hire fresh graduates actively, often providing structured support for exam preparation. Health insurance companies are also significant players in this job market, while consulting firms like Milliman, Mercer, and Aon offer competitive salaries for entry-level actuaries who possess the Associate of the Society of Actuaries (ASA) credential. For new grads aiming to amplify their starting actuary salary in Hobart, holding a relevant bachelor's degree coupled with passing the initial exams of the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS) can enhance their appeal. Moreover, as actuaries often advance their pay through exam progression—typically adding $3,000 to $8,000 per passed exam—this path can lead to substantial salary increases over the first three years. With the evolution of the actuarial role leaning towards data science skills, early-career professionals who invest in these areas will position themselves favorably in a competitive job landscape.
More salary data for Hobart, IN:
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 Hobart. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Hobart 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