Actuaries in NYC apply statistical and mathematical models to assess risk for insurance companies, pension funds, and financial institutions. The city's dense concentration of major insurers and reinsurers makes it one of the top markets for actuarial talent in the country.
New York's insurance and reinsurance sector — anchored by firms like MetLife, AIG, and Munich Re — drives strong demand for credentialed actuaries. Exam progress is the single biggest lever on pay: each passed exam typically adds $5,000–$10,000 to base salary. Fellows with FSA or FCAS credentials command top-of-market compensation, especially in life, health, or property-casualty specialties.
Actuary at C$252,000 (~$186,480 USD) (single filer): Take-home is approximately C$6,482 per bi-weekly paycheck, or ~C$168,544 per year after all taxes.
| Career Stage | Annual Salary (CAD) | Approx. Net/Year |
|---|---|---|
| Actuarial Analyst (no exams) | C$146,000 | ~C$105,992 |
| Associate Actuary (ASA/ACAS) | C$231,000 | ~C$157,024 |
| Fellow Actuary (FSA/FCAS) | C$301,000 | ~C$194,926 |
| Principal / Chief Actuary | C$406,000 | ~C$251,458 |
| Tax / Deduction | Per Bi-Weekly Check | Annual Amount | % of Salary |
|---|---|---|---|
| Gross Pay | C$9,692 | C$252,000 | 100% |
| Federal Income Tax | −C$2,108 | −C$54,815 | 21.8% |
| Ontario Provincial Tax | −C$912 | −C$23,724 | 9.4% |
| CPP (Pension) | −C$149 | −C$3,868 | 1.5% |
| EI (Employment Insurance) | −C$40 | −C$1,049 | 0.4% |
| Net Take-Home | C$6,482 | ~C$168,544 | 66.9% |
At C$252,000, your effective total tax rate is approximately 33.1%.
Major employers in Toronto for actuarys include RBC, TD Bank, Scotiabank, Manulife, Sun Life.
Enter your actual salary in the free calculator.
Use the Toronto Calculator →