Entry-Level Actuary Salary in Ramsey, MN: $76,458 (2026)
Quick Answer:New actuaries entering the Ramsey, MN job market in 2026 can expect a starting salary around $76,458 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Ramsey's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $77,622 would in average-cost America. Most reach the city median ($128,865) within a few years of clinical practice.
Based on BLS state-level estimates · View source
Starting out in the actuarial profession in Ramsey, Minnesota, offers new graduates a solid entry into a rewarding career. In 2026, entry-level actuaries can expect starting salaries around $76,458, which represents a significant first stepping stone despite being lower than the city median of $128,865. As actuaries progress through the initial stages of their careers, they may experience an increase in pay, moving towards the first quartile at $99,588 and closer to the median with a growth trajectory fueled by experience and exam progress. Ramsey provides a decent market for new graduates, particularly as demand for actuarial professionals remains steady, creating numerous opportunities for those entering the field.
About the Ramsey Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Career Earnings Timeline in Ramsey
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 Ramsey
Entry-level actuarys in Ramsey, MN typically start between $76,458 and $99,588 per year (2026 est.). The full salary range spans $123,283 from the 10th to 90th percentile, with the local median at $128,865 — 3.95% below the national median.
Return on Investment
The average actuarial science program cost in Minnesota of $55,000 represents just 71.93% of the starting actuary pay ($76,458/year) in Ramsey. 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 Ramsey
- 1Research the Ramsey market: entry-level actuary pay ranges from $76,458 to $99,588, 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 Ramsey, 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 Ramsey for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Ramsey'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 Ramsey is $123,283 ( 161.24%) between entry-level and top earners. Starting at $76,458, experienced hygienists can earn up to $199,741.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$61,159
2025 BLS Actual
$74,087
2026 Current Est.
$76,458
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Ramsey (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $61,159 | Actual |
| 2020 | $62,262 | Actual |
| 2021 | $59,651 | Actual |
| 2022 | $67,666 | Actual |
| 2023 | $71,079 | Actual |
| 2024 | $72,168 | Actual |
| 2025 | $74,087 | Actual |
| 2026(current) | $76,458 | Estimated |
| 2027 | $78,904 | Projected |
Entry-level actuary compensation (10th percentile) in Ramsey, MN grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $61,159 in 2019 to $74,087 in 2025. By 2027, starting salaries are projected to reach $78,904. New graduates entering the Ramsey job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Ramsey 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 Ramsey
Employers in Ramsey that actively recruit early-career actuaries include well-known life insurance giants like Prudential and MetLife, which often have established campus recruitment pipelines and structured programs for those seeking to gain valuable credentials while working. Additionally, health insurance companies frequently hire entry-level actuaries, while consulting firms like Milliman and Mercer look for candidates with an ASA designation. Earning a bachelor’s degree in a relevant field such as math or actuarial science and passing early actuarial exams is key for new entrants aiming to increase their salary. Each exam passed can typically add between $3,000 and $8,000 to the base salary, making exam progression a vital strategy for career advancement. In the first three years, actuaries in Ramsey can realistically expect their salaries to rise markedly through obtaining professional credentials and accumulating experience, staying competitive in the Minnesota job market.
More salary data for Ramsey, 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 Ramsey. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Ramsey 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