Entry-Level Actuary Salary in Severn, MD: $90,033 (2026)
Quick Answer:New actuaries entering the Severn, MD job market in 2026 can expect a starting salary around $90,033 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Severn's local price level (BEA RPP 109.3 — 9% above national), a first-year paycheck buys what $82,372 would in average-cost America. Most reach the city median ($143,422) within a few years of clinical practice.
Based on BLS state-level estimates · View source
Severn, Maryland, presents a promising opportunity for recent graduates entering the actuarial profession, with entry-level actuary salaries projected to start at around $90,033 in 2026. While this figure is significantly below the city’s median actuary salary of $143,422, it reflects the typical earnings expected for those just beginning their careers. Notably, the growth potential in the field is robust; new graduates can anticipate reaching the 25th percentile salary of $109,315 as they gain experience, particularly over the first three to five years of their careers. Given the competitive nature of the job market and the relatively high entry-level salaries in Severn, it is an attractive location for aspiring actuaries looking to establish themselves in the industry.
About the Severn Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Career Earnings Timeline in Severn
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 Severn
Entry-level actuarys in Severn, MD typically start between $90,033 and $109,315 per year (2026 est.). The full salary range spans $132,271 from the 10th to 90th percentile, with the local median at $143,422 — 6.9% above the national median.
Return on Investment
The average actuarial science program cost in Maryland of $60,000 represents just 66.64% of the starting actuary pay ($90,033/year) in Severn. 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 Severn
- 1Research the Severn market: entry-level actuary pay ranges from $90,033 to $109,315, 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 Severn, 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 Severn for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Severn'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 Severn is $132,271 ( 146.91%) between entry-level and top earners. Starting at $90,033, experienced hygienists can earn up to $222,304.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$72,018
2025 BLS Actual
$87,241
2026 Current Est.
$90,033
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Severn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $72,018 | Actual |
| 2020 | $73,317 | Actual |
| 2021 | $70,241 | Actual |
| 2022 | $79,679 | Actual |
| 2023 | $83,699 | Actual |
| 2024 | $86,386 | Actual |
| 2025 | $87,241 | Actual |
| 2026(current) | $90,033 | Estimated |
| 2027 | $92,914 | Projected |
Entry-level actuary compensation (10th percentile) in Severn, MD grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $72,018 in 2019 to $87,241 in 2025. By 2027, starting salaries are projected to reach $92,914. New graduates entering the Severn job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Severn 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 Severn
Strategically targeting employers in Severn can enhance the prospects for new graduates. Large life insurance firms such as Prudential and MetLife actively recruit entry-level actuaries, often providing structured exam support and professional development opportunities. Health insurance companies and consulting firms, including Milliman and Mercer, also look for ASA-credentialed analysts, typically offering higher starting salaries. Obtaining the right credentials—such as a bachelor's degree in a relevant field, passing preliminary actuarial exams, and acquiring Validation by Educational Experience (VEE) credits—can significantly boost earning potential. In the first few years, actuaries often see compensation growth linked to exam progression, where each exam passed can increase base salary by $3,000 to $8,000. With specialized skills in predictive analytics being increasingly valued, positioning oneself with these capabilities can set the stage for more favorable salary negotiations and career advancement in Maryland’s dynamic job market.
More salary data for Severn, 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 Severn. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Severn 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