Entry-Level Actuary Salary in Brooklyn Park, MN: $75,985 (2026)
Quick Answer:New actuaries entering the Brooklyn Park, MN job market in 2026 can expect a starting salary around $75,985 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Brooklyn Park's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $77,142 would in average-cost America. Most reach the city median ($131,009) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, new graduates entering the actuarial field in Brooklyn Park, Minnesota, can expect a starting salary of around $75,985 per year. While this figure is considerably lower than the city median of $131,009, it reflects the typical entry-level pay for this profession. Over time, as new actuaries gain experience and begin passing their exams, they can anticipate upward mobility in their earnings, progressing to approximately $101,966 at the 25th percentile. Given a projected growth rate of 3.20% annually, the market in Brooklyn Park appears to offer promising prospects for recent graduates, making it a suitable location for those seeking to establish their careers in actuarial science.
About the Brooklyn Park Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Career Earnings Timeline in Brooklyn Park
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 Brooklyn Park
Entry-level actuarys in Brooklyn Park, MN typically start between $75,985 and $101,966 per year (2026 est.). The full salary range spans $127,080 from the 10th to 90th percentile, with the local median at $131,009 — 2.35% below the national median.
Return on Investment
The average actuarial science program cost in Minnesota of $55,000 represents just 72.38% of the starting actuary pay ($75,985/year) in Brooklyn Park. 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 Brooklyn Park
- 1Research the Brooklyn Park market: entry-level actuary pay ranges from $75,985 to $101,966, 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 MN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Brooklyn Park, 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 Brooklyn Park for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Brooklyn Park'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 Brooklyn Park is $127,080 ( 167.24%) between entry-level and top earners. Starting at $75,985, experienced hygienists can earn up to $203,065.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$60,781
2025 BLS Actual
$73,629
2026 Current Est.
$75,985
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Brooklyn Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,781 | Actual |
| 2020 | $61,878 | Actual |
| 2021 | $59,282 | Actual |
| 2022 | $67,247 | Actual |
| 2023 | $70,640 | Actual |
| 2024 | $72,497 | Actual |
| 2025 | $73,629 | Actual |
| 2026(current) | $75,985 | Estimated |
| 2027 | $78,417 | Projected |
Entry-level actuary compensation (10th percentile) in Brooklyn Park, MN grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $60,781 in 2019 to $73,629 in 2025. By 2027, starting salaries are projected to reach $78,417. New graduates entering the Brooklyn Park job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Brooklyn Park 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 Brooklyn Park
For new actuaries, the local job market includes key employers such as Prudential, MetLife, and Northwestern Mutual, which actively recruit recent graduates through internship and campus programs. Health insurance firms also seek entry-level actuaries, while consulting companies like Milliman and Mercer often offer higher starting salaries to those with ASA credentials. To enhance earning potential, aspiring actuaries should focus on academic backgrounds in mathematics or actuarial science and continue their education by passing the required actuarial exams from the SOA or CAS. Each exam passed can lead to an increase in salary ranging from $3,000 to $8,000, making exam progression a significant factor in long-term compensation. Within the first few years, new grad actuary pay in MN may grow as they work towards fellow status, particularly in consulting roles where FSAs are highly valued. This trajectory underscores the importance of strategic planning for a successful career in this field.
More salary data for Brooklyn Park, MN:
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 Brooklyn Park. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Brooklyn Park 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