Entry-Level Actuary Salary in Shoreview, MN: $78,272 (2026)
Quick Answer:New actuaries entering the Shoreview, MN job market in 2026 can expect a starting salary around $78,272 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Shoreview's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $79,464 would in average-cost America. Most reach the city median ($125,184) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, the starting pay for entry-level actuaries in Shoreview, Minnesota, is projected to be around $78,272. While this figure is below the city’s median annual salary of $125,184, new graduates should keep a positive outlook as they navigate their early careers in this field. Over the course of their first few years, salaries can increase significantly as they progress through the actuarial exam ladder; attaining the P25 level ($92,363) is a realistic target within the first three to five years. The actuarial job market in Shoreview is favorable for recent graduates, offering opportunities that not only provide competitive starting pay but also potential for growth as they gain experience and pass additional exams.
About the Shoreview Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Career Earnings Timeline in Shoreview
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 Shoreview
Entry-level actuarys in Shoreview, MN typically start between $78,272 and $92,363 per year (2026 est.). The full salary range spans $115,763 from the 10th to 90th percentile, with the local median at $125,184 — 6.69% below the national median.
Return on Investment
The average actuarial science program cost in Minnesota of $55,000 represents just 70.27% of the starting actuary pay ($78,272/year) in Shoreview. 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 Shoreview
- 1Research the Shoreview market: entry-level actuary pay ranges from $78,272 to $92,363, 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 MN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Shoreview, 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 Shoreview for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Shoreview'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 Shoreview is $115,763 ( 147.90%) between entry-level and top earners. Starting at $78,272, experienced hygienists can earn up to $194,035.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$62,610
2025 BLS Actual
$75,845
2026 Current Est.
$78,272
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Shoreview (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,610 | Actual |
| 2020 | $63,740 | Actual |
| 2021 | $61,066 | Actual |
| 2022 | $69,271 | Actual |
| 2023 | $72,766 | Actual |
| 2024 | $73,921 | Actual |
| 2025 | $75,845 | Actual |
| 2026(current) | $78,272 | Estimated |
| 2027 | $80,777 | Projected |
Entry-level actuary compensation (10th percentile) in Shoreview, MN grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $62,610 in 2019 to $75,845 in 2025. By 2027, starting salaries are projected to reach $80,777. New graduates entering the Shoreview job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shoreview 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 Shoreview
Several employers in Shoreview hire fresh graduates, particularly large life insurance companies like Prudential, MetLife, and Northwestern Mutual, which actively recruit through campus programs and often offer structured time for exam preparation. Additionally, health insurance companies tend to bring on entry-level actuaries, while consulting firms such as Milliman, Mercer, Aon, and WTW favor candidates who have attained their Associate (ASA) credential. To enhance earning potential in Minnesota, candidates should focus on obtaining relevant degrees, passing actuarial exams, and securing VEE credits in economics, accounting, and mathematics. The exam progression is crucial to salary growth; for instance, each passed exam can increase an actuary’s base salary by $3,000 to $8,000. Realistically, within the first two to three years, actuaries in Shoreview can expect their salaries to rise steadily, reflecting their growing expertise and the increasing value they bring to employers.
More salary data for Shoreview, MN:
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 Shoreview. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Shoreview 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