Average Actuary Salary in Canada

The line graph shows Actuary salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Actuary working less than a year in a company, you notice that their annual salary starts around $62,267.62.

As the years of experience reaches 1 to 4, there is a significant increase of $17,858.61 which would give a total wage of CAD80,126.23.

Once the experience reaches 5-9 years Actuary salary would increase again to a total of $107,355.02, adding $27,228.79 from the last salary increase.

After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $123,769.87.

And finally, once the Actuary gains 20 years of experience or more, their salary would reach $139,300.24.

The bar graph data indicates the importance of specific skills which can have a direct impact on Actuary's salary. It clearly highlights the skills needed for a post of Actuary when hired by an employer.

The most vital skill expected of Actuary is Financial Reporting which impacts the most than the rest of the skills indicated with a staggering 23% comparatively. Therefore, one’s salary would greatly depend on their skills in Financial Reporting.

The skill least likely to affect one’s pay would be Insurance with 6%. It can be said that Insurance skill will unlikely impact the salary.

This combination of a line and the bar graph shows how the experience affects the salary of Actuary. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is $64,503.00 whereas the highest earning is $144,363.00 which clearly shows the salary increases with the level of expertise.

Experienced person will earn the maximum salary of $144,363.00 at 41%. So to summerize, Entry Level earns 37% less than the average salary, Early Career earns 18% less than the average salary, Mid Carrer earns 9% more than the average salary, Late Career earns 25% more than the average salary, Experienced earns 41% more than the average salary.