Entry-Level Actuary Salary in Annapolis, MD: $85,969 (2026)
Quick Answer:New actuaries entering the Annapolis, MD job market in 2026 can expect a starting salary around $85,969 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Annapolis's local price level (BEA RPP 109.3 — 9% above national), a first-year paycheck buys what $78,654 would in average-cost America. Most reach the city median ($143,427) within a few years of clinical practice.
Based on BLS state-level estimates · View source
New graduates entering the actuarial field in Annapolis, Maryland can expect a starting salary in the ballpark of $85,969 in 2026. When compared to the city's median annual salary of $143,427, this entry-level figure reflects a significant gap that new actuaries will aim to close as they advance in their careers. Within the first few years, there is potential for growth, as salaries typically transition from the lower end of the spectrum at $85,969 to about $105,823, which represents the 25th percentile, offering a pathway towards the median as experience and qualifications increase. Given the strong growth trajectory forecasted for the region, coupled with the median salary being notably higher than the national average of $134,160, Annapolis presents itself as a promising market for aspiring actuaries in 2026.
About the Annapolis Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Career Earnings Timeline in Annapolis
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 Annapolis
Entry-level actuarys in Annapolis, MD typically start between $85,969 and $105,823 per year (2026 est.). The full salary range spans $136,343 from the 10th to 90th percentile, with the local median at $143,427 — 6.91% above the national median.
Return on Investment
The average actuarial science program cost in Maryland of $60,000 represents just 69.79% of the starting actuary pay ($85,969/year) in Annapolis. 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 Annapolis
- 1Research the Annapolis market: entry-level actuary pay ranges from $85,969 to $105,823, 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 MD often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Annapolis, 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 Annapolis for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Annapolis's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Annapolis is $136,343 ( 158.60%) between entry-level and top earners. Starting at $85,969, experienced hygienists can earn up to $222,312.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$68,767
2025 BLS Actual
$83,303
2026 Current Est.
$85,969
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Annapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $68,767 | Actual |
| 2020 | $70,008 | Actual |
| 2021 | $67,071 | Actual |
| 2022 | $76,083 | Actual |
| 2023 | $79,921 | Actual |
| 2024 | $82,422 | Actual |
| 2025 | $83,303 | Actual |
| 2026(current) | $85,969 | Estimated |
| 2027 | $88,720 | Projected |
Entry-level actuary compensation (10th percentile) in Annapolis, MD grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $68,767 in 2019 to $83,303 in 2025. By 2027, starting salaries are projected to reach $88,720. New graduates entering the Annapolis job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Annapolis 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 Annapolis
Employers in Annapolis that actively seek new graduates include several large life insurance companies, such as Prudential, MetLife, and Northwestern Mutual, which often provide structured entry-level roles complemented by regular study time for actuarial exams. Health insurers and prominent consulting firms like Milliman, Mercer, Aon, and WTW also hire entry-level actuaries, offering potentially higher base salaries to those with ASA credentials. Pursuing a degree in mathematics, statistics, or a related field is essential, alongside passing the requisite actuarial exams. Credentials such as the Associate of the Society of Actuaries (ASA) and eventual Fellowship (FSA) can significantly enhance starting pay in Maryland. As actuaries progress in the first three years, each passed exam is a strong compensation driver, adding between $3,000 and $8,000 annually to their salary, making continuous education and exam advancement vital for achieving the competitive salaries associated with this profession.
More salary data for Annapolis, MD:
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 Annapolis. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Annapolis 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