Salaries are annual unless otherwise stated.
Salary and wage information for New Zealand professions is compiled by regular analysis of New Zealand jobs advertised in major publications.
Job ads in New Zealand often do not mention remuneration. Salaries are generally negotiable, within limits.
Most actuarial positions are in Auckland or Wellington.
Actuarial employers in New Zealand include the New Zealand government; insurance companies like AMI Insurance and Sovereign; accountants such as Pricewaterhouse Coopers and Deloitte; and consulting firms such as Melville Jessup Weaver and Mercer.
Because of the small population size of New Zealand availability of actuarial positions can be limited.
For comparison, the average hourly wage in New Zealand for the quarter ending 31 March 2020 was $33.20 according to Statistics New Zealand. This would give an annual average salary of around $65,600, working standard full-time hours (38 hours).
Actuary Salaries / Wages in 2020
| Actuary | Salary / Wage $ | Location |
|---|---|---|
| Senior Experienced Actuary | up to 200,000 | Auckland |
| Senior Statistical Analyst | 75,000 – 95,000 | Auckland |
| Senior Commercial Insurance Analyst | 95,000 – 115,000 | Auckland |
| Data and Reporting Analyst | 110,000 – 120,000 | North Shore, Auckland |
| Trainee Actuary | 40,000 – 70,000 | Auckland |
| Actuarial Analyst | 80,000 – 100,000 | Auckland |
| Experienced Actuary | 100,000+ | Wellington |
| Qualified Actuary | 90,000 – 120,000 | Christchurch |
| | ||
The New Zealand Society of Actuaries has further information about this profession. They advise that trainee actuaries can expect to receive a salary up to $90,000 per year and that newly qualified actuaries can expect to earn an annual salary from around $90,000 to $120,000 per year.
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