Entry-Level Actuary Salary in Randolph, MA: $90,436 (2026)
Quick Answer:New actuaries entering the Randolph, MA job market in 2026 can expect a starting salary around $90,436 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Randolph's local price level (BEA RPP 108.5 — 9% above national), a first-year paycheck buys what $83,351 would in average-cost America. Most reach the city median ($144,670) within a few years of clinical practice.
Based on BLS state-level estimates · View source
New graduates entering the actuarial field in Randolph, Massachusetts can expect an entry level actuary salary of approximately $90,436 in 2026. This figure, situated below the city's median annual salary of $144,670, highlights the initial earning potential for those just starting their careers. However, there's significant room for upward movement; as actuaries progress in their early years, their salaries can rise to the 25th percentile at $109,603 and even reach the median within three to five years. This growth trajectory positions Randolph as a viable market for entry-level actuaries, particularly given the forecasted 3.20% growth rate, which indicates ongoing demand for actuarial professionals in the area.
About the Randolph Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Career Earnings Timeline in Randolph
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 Randolph
Entry-level actuarys in Randolph, MA typically start between $90,436 and $109,603 per year (2026 est.). The full salary range spans $133,802 from the 10th to 90th percentile, with the local median at $144,670 — 7.83% above the national median.
Return on Investment
The average actuarial science program cost in Massachusetts of $92,000 represents just 101.73% of the starting actuary pay ($90,436/year) in Randolph. 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 Randolph
- 1Research the Randolph market: entry-level actuary pay ranges from $90,436 to $109,603, 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 MA often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Randolph, 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 Randolph for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Randolph'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 Randolph is $133,802 ( 147.95%) between entry-level and top earners. Starting at $90,436, experienced hygienists can earn up to $224,238.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$72,341
2025 BLS Actual
$87,632
2026 Current Est.
$90,436
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Randolph (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $72,341 | Actual |
| 2020 | $73,646 | Actual |
| 2021 | $70,556 | Actual |
| 2022 | $80,037 | Actual |
| 2023 | $84,074 | Actual |
| 2024 | $94,750 | Actual |
| 2025 | $87,632 | Actual |
| 2026(current) | $90,436 | Estimated |
| 2027 | $93,330 | Projected |
Entry-level actuary compensation (10th percentile) in Randolph, MA grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $72,341 in 2019 to $87,632 in 2025. By 2027, starting salaries are projected to reach $93,330. New graduates entering the Randolph job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Randolph 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 Randolph
For new graduates hoping to enter the profession, multiple employers in Randolph are actively seeking entry-level actuarial talent. Large life insurers such as Prudential and MetLife have established campus recruitment programs that provide structured study time for actuarial exams, which is critical for enhancing earning potential. Similarly, health insurers and consulting firms like Milliman and Mercer often look for candidates at the ASA level, offering higher starting salaries, especially for those who have progressed in their exam trajectories. In this competitive landscape, obtaining a bachelor’s degree in disciplines like mathematics or actuarial science, along with passing relevant actuarial exams, can significantly enhance starting pay and career advancement opportunities. The exam progression serves as a key compensation driver; passing each exam can potentially add $3,000 to $8,000 to a new actuary's base salary. Consequently, with a strategic focus on exam completion and skills in predictive analytics or data science, recent graduates can anticipate substantial salary growth within their first three years on the job.
More salary data for Randolph, MA:
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 Randolph. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Randolph 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