Senior Actuary Salary in Franklin, MA: $215,117 (2026)
Quick Answer:The top tier of actuaries working in Franklin, MA — those at or above the 90th percentile — pull in $215,117/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Franklin's price premium (BEA RPP 108.5, 9% above national) and that top-decile pay carries the same buying power as $198,265 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
Senior actuaries in Franklin, MA, can expect a compelling salary landscape in 2026, with the median annual pay projected at $138,785 and a notably high earning potential among top performers. Those falling within the 90th percentile can reach a remarkable $215,117, significantly positioning them above the national top earners. This gap illustrates the lucrative rewards tied to expertise and extensive experience, as the difference between the median and the highest tier exemplifies the premium placed on seasoned professionals. To capitalize on such opportunities, actuaries must pursue advanced credentials and continuously refine their skills, essentially transforming their careers through specialization and strategic career moves that lead them into higher-paying roles.
About the Franklin Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Franklin
Experienced actuarys at the top of the pay scale in Franklin earn between $177,645 and $215,117 per year (2026 est.). This $126,308 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Franklin median of $138,785 sits 3.45% above the US median.
Top ASA, FSA Salary Comparison
| Level | Franklin | National |
|---|---|---|
| Median (P50) | $138,785 | $134,160 |
| 75th Percentile | $177,645 | $176,111 |
| 90th Percentile (Top 10%) | $215,117 | $221,983 |
In Franklin, 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 Franklin
Advanced Certifications in Massachusetts
MA actuaries with additional specialty certifications within the actuarial science field earn significantly above the $138,785 median. Expanded-scope credentials are increasingly valued by Franklin employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Franklin command premium compensation, often reaching the $177,645–$215,117 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Franklin metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Franklin 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 Franklin
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedFranklin ranks #46 of 57 Massachusetts cities for top earner actuary salary (90th percentile: $215,117).
Top 10% actuary compensation in Franklin ($215,117) is 1.55% below the Massachusetts average P90 ($218,498).
2019 BLS Actual
$187,612
2025 BLS Actual
$208,447
2026 Current Est.
$215,117
2019–2027 Growth
+18.3%
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 | $187,612 | Actual |
| 2020 | $189,947 | Actual |
| 2021 | $200,423 | Actual |
| 2022 | $193,136 | Actual |
| 2023 | $202,836 | Actual |
| 2024 | $227,687 | Actual |
| 2025 | $208,447 | Actual |
| 2026(current) | $215,117 | Estimated |
| 2027 | $222,001 | Projected |
Top-earning actuaries (90th percentile) in Franklin saw their compensation grow 11.1% from $187,612 in 2019 to $208,447 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 $222,001 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
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.
Maximizing Your Actuary Earnings in Franklin
In Franklin, certain specializations drive superior senior actuary pay, particularly in areas like predictive analytics, enterprise risk management, and reinsurance pricing. Different employer types also influence compensation: life insurance giants like Prudential and health insurers such as UnitedHealth frequently offer competitive salaries, while consulting firms like Aon or Milliman may present premium pay for FSAs and FCAS credentials. The advancement trajectory typically progresses from actuarial analyst to ASA, and then to FSA or FCAS, with each step yielding substantial pay increments. For instance, passing additional actuarial exams can translate into $3,000 to $8,000 increases in base salary, a motivator for those pursuing the ASA-to-FSA pathway. Furthermore, professionals can benefit from non-salary compensation enhancements, such as bonuses for credential completion and support for study time, highlighting the importance of ongoing professional development in realizing the full potential of an experienced actuary salary in Franklin, MA.
More salary data for Franklin, MA:
Frequently Asked Questions
How much do experienced actuaries make in Franklin in 2026?
What drives higher actuary pay in Franklin?
What certifications boost actuary salary in Franklin?
Can experienced actuaries make six figures in Franklin?
How much does actuary salary increase over time in Franklin?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Massachusetts
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 $208,447 for actuaries in the Franklin 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 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