Entry-Level Actuary Salary in Odenton, MD: $91,924 (2026)
Quick Answer:New actuaries entering the Odenton, MD job market in 2026 can expect a starting salary around $91,924 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Odenton's local price level (BEA RPP 109.3 — 9% above national), a first-year paycheck buys what $84,102 would in average-cost America. Most reach the city median ($141,151) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For those entering the actuarial field in Odenton, Maryland, the starting salary for entry-level positions reflects a strong foothold in the profession. Prospective actuaries can expect to begin their careers with a salary around $91,924. Compared to the city’s median annual salary of $141,151, there is a notable gap for new graduates. The trajectory from initial entry-level pay toward higher earnings appears promising, with opportunities to advance toward the 25th percentile earning $109,991 within a few years. Given the growing demand for actuaries in Odenton, fueled by an annual growth rate of 3.20%, the market remains favorable for those just starting their careers.
About the Odenton Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Career Earnings Timeline in Odenton
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 Odenton
Entry-level actuarys in Odenton, MD typically start between $91,924 and $109,991 per year (2026 est.). The full salary range spans $126,860 from the 10th to 90th percentile, with the local median at $141,151 — 5.21% above the national median.
Return on Investment
The average actuarial science program cost in Maryland of $60,000 represents just 65.27% of the starting actuary pay ($91,924/year) in Odenton. 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 Odenton
- 1Research the Odenton market: entry-level actuary pay ranges from $91,924 to $109,991, 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 MD often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Odenton, 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 Odenton for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Odenton'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 Odenton is $126,860 ( 138.01%) between entry-level and top earners. Starting at $91,924, experienced hygienists can earn up to $218,784.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$73,531
2025 BLS Actual
$89,074
2026 Current Est.
$91,924
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Odenton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $73,531 | Actual |
| 2020 | $74,858 | Actual |
| 2021 | $71,717 | Actual |
| 2022 | $81,354 | Actual |
| 2023 | $85,458 | Actual |
| 2024 | $88,207 | Actual |
| 2025 | $89,074 | Actual |
| 2026(current) | $91,924 | Estimated |
| 2027 | $94,866 | Projected |
Entry-level actuary compensation (10th percentile) in Odenton, MD grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $73,531 in 2019 to $89,074 in 2025. By 2027, starting salaries are projected to reach $94,866. New graduates entering the Odenton job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Odenton 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 Odenton
In the competitive landscape of Odenton, several key employers frequently seek entry-level actuarial talent. Prominent life insurance companies like Prudential, MetLife, and Northwestern Mutual are known to recruit new graduates directly from campuses, offering structured training and exam preparation. Health insurance firms and consulting agencies, such as Milliman, Mercer, Aon, and WTW, also look for candidates with strong foundational skills, especially those holding an ASA designation or who are on track to earn it. New grads can enhance their earning potential by pursuing further education and passing actuarial exams—each successful exam typically boosts base salaries by $3,000 to $8,000. For those starting in Odenton, embracing exam progression and gaining skills in predictive analytics can lead to a significant salary increase within the first 1-3 years, positioning them for lucrative opportunities in the broader actuarial market.
More salary data for Odenton, MD:
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 Odenton. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Odenton 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