An actuary is one of the best-paid professions in finance and insurance. Pay starts from around 8000 PLN gross per month for junior actuaries and reaches 35000 PLN gross for experienced specialists with full authorisations. On average income hovers around 18000 PLN gross.
What does an actuary do?
An actuary uses mathematics, statistics and probability theory to assess financial risk, mainly in insurance and pensions. They price products, calculate reserves, build risk models, analyse profitability and prepare legally required actuarial reports. Entry on the official register of actuaries is often required.
What affects earnings?
- Authorisations — passed actuarial exams and entry on the register clearly raise rates.
- Knowledge of risk models and analytical tools (R, Python, SAS).
- Specialisation — life and pension insurance are among the best paid.
- Experience and independence in carrying out valuations.
Regional and experience-based differences
A junior actuary earns 8000-12000 PLN, an experienced actuary 13000-22000 PLN, and a senior 23000-35000 PLN gross. The highest rates are paid by large insurance companies and advisory firms in big cities.
Demand and outlook
The small number of authorised actuaries and high regulatory requirements ensure strong demand and stable, attractive pay. To convert a gross salary into net, use our salary calculator on liczbnik.pl.