DETAILED OCCUPATION DATA

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Occupational Employment Statistics(OES) Wage Data
Wages Updated to Third Quarter, 2012

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minnesota	630	213	$54.57/hr	$3.06/hr	$31.20/hr	$35.67/hr	$46.29/hr	$64.49/hr	>$80.00/hr
U S	19,590	686	$50.59/hr	$0.56/hr	$26.70/hr	$33.47/hr	$44.73/hr	$62.48/hr	>$80.00/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Actuaries Industry OES Employment OES Median Wage Financial Activities 340 $50.65/hr

Other Regional Data For Actuaries Geography (click title for details) OES Projections Employment Median Wage % Change 2010 - 2020 Minnesota 630 $46.29/hr 30.8% Seven County Mpls-St Paul, MN 620 $46.29/hr 31.4% Minneapolis-Saint Paul MN-WI MSA 620 $46.29/hr N/A Fargo-Moorhead ND-MN MSA 20 $29.96/hr N/A Northwest Minnesota 10 N/A N/A Central Minnesota 10 N/A N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2010 - 2020
Accountants and Auditors	22,350	$29.04/hr	12.8%
Financial Analysts	4,940	$34.70/hr	15.3%
Cost Estimators	3,770	$27.72/hr	36.0%
Procurement Clerks	2,020	$17.20/hr	8.3%
Appraisers and Assessors of Real Estate	1,960	$24.62/hr	6.1%
Insurance Underwriters	1,840	$28.90/hr	5.4%
Credit Analysts	1,580	$29.05/hr	17.9%
Tax Preparers	1,060	$17.39/hr	8.7%
Statisticians	550	$41.44/hr	20.0%

• Determines mortality, accident, sickness, disability, and retirement rates.
• Constructs probability tables regarding fire, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
• Designs or reviews insurance and pension plans and calculates premiums.
• Ascertains premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
• Determines equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.