Senior Actuary Salary in Andover, MA: $213,628 (2026)
Quick Answer:The top tier of actuaries working in Andover, MA — those at or above the 90th percentile — pull in $213,628/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Andover's price premium (BEA RPP 108.5, 9% above national) and that top-decile pay carries the same buying power as $196,892 in average-cost America. The 55% spread above city median typically rewards 7+ years of practice or specialty credentials.
Based on BLS state-level estimates · View source
For actuaries with substantial experience, Andover, Massachusetts offers a compelling salary landscape in 2026. The median annual salary for senior actuaries is projected at $137,825, while top earners can expect to command salaries reaching up to $213,628. This represents a significant potential income gap, highlighting the premium that experience brings in this profession. Competing against the national average, which stands at $134,160, Andover's compensation for seasoned professionals shows a 2.73% advantage, signifying a positive trend for those looking to elevate their earnings. Achieving such top-tier pay in this market often requires advanced credentials and specialization, signifying a commitment to excellence in the field of actuarial science.
About the Andover Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Andover
Experienced actuarys at the top of the pay scale in Andover earn between $176,415 and $213,628 per year (2026 est.). This $126,979 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Andover median of $137,825 sits 2.73% above the US median.
Top ASA, FSA Salary Comparison
| Level | Andover | National |
|---|---|---|
| Median (P50) | $137,825 | $134,160 |
| 75th Percentile | $176,415 | $176,111 |
| 90th Percentile (Top 10%) | $213,628 | $221,983 |
In Andover, experienced actuaries (P90) earn 55.00% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Actuary Pay in Andover
Advanced Certifications in Massachusetts
MA actuaries with additional specialty certifications within the actuarial science field earn significantly above the $137,825 median. Expanded-scope credentials are increasingly valued by Andover employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Andover command premium compensation, often reaching the $176,415–$213,628 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Andover metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Andover with established relationships have strong negotiating leverage. In this developing market, retention bonuses and annual raises are common for top performers.
Continuing Education & Leadership
Actuaries in Massachusetts who pursue advanced degrees, mentor junior staff, or lead clinical education programs position themselves for the highest compensation tiers and management roles.
Actuary Career & Wage Growth Path in Andover
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedAndover ranks #52 of 57 Massachusetts cities for top earner actuary salary (90th percentile: $213,628).
Top 10% actuary compensation in Andover ($213,628) is 2.23% below the Massachusetts average P90 ($218,498).
2019 BLS Actual
$186,313
2025 BLS Actual
$207,004
2026 Current Est.
$213,628
2019–2027 Growth
+18.3%
Salary Trajectory for Actuaries in Andover (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $186,313 | Actual |
| 2020 | $188,633 | Actual |
| 2021 | $199,036 | Actual |
| 2022 | $191,799 | Actual |
| 2023 | $201,432 | Actual |
| 2024 | $226,112 | Actual |
| 2025 | $207,004 | Actual |
| 2026(current) | $213,628 | Estimated |
| 2027 | $220,464 | Projected |
Top-earning actuaries (90th percentile) in Andover saw their compensation grow 11.1% from $186,313 in 2019 to $207,004 in 2025, based on 7 years of BLS OEWS data for this metropolitan area. At a 3.20% annual growth rate, senior-level pay is projected to reach $220,464 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Andover 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.
Maximizing Your Actuary Earnings in Andover
Compensation for experienced actuaries in Andover is significantly influenced by specialization and employer type. Senior roles in life and annuity, health, property and casualty, and enterprise risk management are particularly lucrative, with demand for expertise in predictive analytics and data science only increasing. Consulting firms such as Mercer and Aon generally provide higher salaries compared to traditional insurers like Prudential or MetLife, reflecting the growing trend of actuaries seeking positions that deliver both financial rewards and career advancement. Progressing through the ranks from actuarial analyst to Fellow of the Society of Actuaries (FSA) not only enhances earning potential but also opens doors to leadership roles within the profession. Obtaining advanced credentials such as ASA and FSA through diligent exam progression remains one of the most effective strategies to boost pay, with each passed exam typically granting a notable increase in salary as professionals solidify their expertise in niche markets.
More salary data for Andover, MA:
Frequently Asked Questions
How much do experienced actuaries make in Andover in 2026?
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Can experienced actuaries make six figures in Andover?
How much does actuary salary increase over time in Andover?
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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
Top-earner salary figures on this page are 2026 projections derived from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. BLS reported a 90th percentile salary of $207,004 for actuaries in the Andover metro area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 senior-level compensation. Individual earnings depend on certifications, specialization, practice type, and years of clinical experience.
Data Sources & Methodology
Salary data for Andover 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