Entry-Level Actuary Salary in Franklin, WI: $78,705 (2026)
Quick Answer:New actuaries entering the Franklin, WI job market in 2026 can expect a starting salary around $78,705 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Franklin's local price level (BEA RPP 93.4 — 7% below national), a first-year paycheck buys what $84,267 would in average-cost America. Most reach the city median ($120,462) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, new graduates entering the actuarial field in Franklin, Wisconsin, can expect a starting salary around $78,705. This initial compensation is significantly lower than the median annual salary for actuaries in the area, which stands at $120,462, highlighting the gap that new entrants experience as they begin their careers. However, the starting salary offers a promising growth trajectory; within the first three to five years, early-career actuaries can anticipate salaries moving toward the 25th percentile figure of $91,004, eventually approaching the median. The growth rate for this profession reflects a steady 3.20% annual increase, making Franklin a reasonably favorable market for new grads eager to build their careers in this dynamic field.
About the Franklin Market
Salary estimated from Wisconsin average ($122,000) adjusted for local cost of living.
Career Earnings Timeline in Franklin
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 Franklin
Entry-level actuarys in Franklin, WI typically start between $78,705 and $91,004 per year (2026 est.). The full salary range spans $108,012 from the 10th to 90th percentile, with the local median at $120,462 — 10.21% below the national median.
Return on Investment
The average actuarial science program cost in Wisconsin of $48,000 represents just 60.99% of the starting actuary pay ($78,705/year) in Franklin. 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 Franklin
- 1Research the Franklin market: entry-level actuary pay ranges from $78,705 to $91,004, 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 WI often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Franklin, 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 Franklin for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Franklin's below-average cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Franklin is $108,012 ( 137.24%) between entry-level and top earners. Starting at $78,705, experienced hygienists can earn up to $186,717.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$62,957
2025 BLS Actual
$76,265
2026 Current Est.
$78,705
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,957 | Actual |
| 2020 | $64,093 | Actual |
| 2021 | $61,404 | Actual |
| 2022 | $69,655 | Actual |
| 2023 | $73,169 | Actual |
| 2024 | $70,877 | Actual |
| 2025 | $76,265 | Actual |
| 2026(current) | $78,705 | Estimated |
| 2027 | $81,224 | Projected |
Entry-level actuary compensation (10th percentile) in Franklin, WI grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $62,957 in 2019 to $76,265 in 2025. By 2027, starting salaries are projected to reach $81,224. New graduates entering the Franklin job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin 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 Franklin
Prospective employers for entry-level actuaries in Franklin include major life insurance companies like Prudential, MetLife, and Northwestern Mutual, which actively recruit from local schools and provide structured routes for exam preparation. Health insurance firms also seek fresh talent, while consulting giants such as Milliman, Mercer, Aon, and WTW typically offer higher starting salaries, especially for candidates with the ASA designation. Credentials play a significant role in determining starting pay; a bachelor's degree in fields such as mathematics, statistics, actuarial science, or finance is essential, along with passing actuarial exams. Each exam passed can add approximately $3,000 to $8,000 to a young actuary's base salary. Within the first three years, realistic salary expectations can see increases as new hires secure their Associate status (ASA or ACAS), making this a pivotal period for career advancement and the acquisition of skills in areas like predictive analytics and data science.
More salary data for Franklin, WI:
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 Franklin. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Franklin 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