Career
Actuarial Data Analyst Salary In Indiana 2024
Learn everything you need to know about becoming an Actuarial Data Analyst, including salary, schools, and programs.
Actuarial Data Analyst Salary in Indiana
Annual Median: $40,410
Hourly Median: $19.43
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Annual and Hourly Actuarial Data Analyst Indiana Salary Table:
| Percentile | Annual Salary | Hourly Wage |
|---|---|---|
| 10th | $35,550 | $17.09 |
| 25th | $38,440 | $18.48 |
| Median | $40,410 | $19.43 |
| 75th | $43,780 | $21.05 |
| 90th | $53,440 | $25.69 |
Best Schools to become a Actuarial Data Analyst in Indiana 2024
Purdue University-Main Campus
In-State Tuition:$9,718
Out-of-State Tuition:$28,520
Admission Rate:53%
Graduation Rate:83%
Total Enrollment:51,528
Indiana University-East
In-State Tuition:$7,274
Out-of-State Tuition:$20,634
Admission Rate:78%
Graduation Rate:42%
Total Enrollment:3,039
Indiana University-Bloomington
In-State Tuition:$10,012
Out-of-State Tuition:$37,685
Admission Rate:82%
Graduation Rate:81%
Total Enrollment:47,005
University of Notre Dame
In-State Tuition:$59,794
Out-of-State Tuition:$59,794
Admission Rate:13%
Graduation Rate:96%
Total Enrollment:13,105
Butler University
In-State Tuition:$43,470
Out-of-State Tuition:$43,470
Admission Rate:82%
Graduation Rate:81%
Total Enrollment:5,525
Indiana State University
In-State Tuition:$9,452
Out-of-State Tuition:$20,880
Admission Rate:92%
Graduation Rate:44%
Total Enrollment:8,658
Browse Actuarial Data Analyst Salaries by the Top Cities in Indiana
Actuarial Data Analyst Salary in Indiana FAQs
What factors influence the salary of an Actuarial Data Analyst in Indiana?
Several factors can significantly impact your salary as an Actuarial Data Analyst in Indiana, including:
- Experience Level: Entry-level positions typically offer lower salaries, while more experienced analysts command higher pay.
- Education: Advanced degrees or additional certifications in actuarial science, data analytics, or relevant fields can boost your earning potential.
- Industry: Different sectors, such as insurance, healthcare, and finance, may offer varying salary ranges based on demand and the complexity of the work.
- Location: Salary levels may vary within Indiana depending on whether you are in urban areas like Indianapolis or more rural settings.
- Skills: Proficiency in statistical software, data visualization tools, and programming languages can enhance your marketability and salary potential.
What is the job outlook for Actuarial Data Analysts in Indiana?
The job outlook for Actuarial Data Analysts in Indiana is generally strong. The demand for professionals who can analyze and interpret data to assess risks is increasing across various industries. As businesses continue to rely on data-driven decision-making, opportunities in this field are expected to grow. Furthermore, the evolution of technology and big data analytics will likely create even more roles in the upcoming years.
What additional benefits are often offered to Actuarial Data Analysts?
In addition to a competitive salary, Actuarial Data Analysts in Indiana often receive a range of benefits, which may include:
- Health and Dental Insurance: Comprehensive health plans, often including dental and vision coverage.
- Retirement Plans: Options like 401(k) plans, often with employer matching contributions.
- Paid Time Off (PTO): Vacation days, sick leave, and holidays that can enhance work-life balance.
- Professional Development: Support for obtaining actuarial certifications or attending relevant training and seminars.
- Flexible Work Arrangements: Opportunities for remote work or flexible schedules, depending on the employer.
How can I increase my salary as an Actuarial Data Analyst?
To increase your salary as an Actuarial Data Analyst, consider the following strategies:
- Pursue Certifications: Obtaining professional actuarial credentials from organizations such as the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS) can enhance your qualifications.
- Expand Your Skill Set: Learning additional programming languages, data analysis techniques, or machine learning can make you more valuable to employers.
- Networking: Connecting with professionals in your field can lead to new job opportunities and insights about salary trends.
- Seek Promotions: Demonstrating your value within your current organization and seeking advancement opportunities can result in salary increases.
- Consider Contract or Consulting Roles: These positions may offer higher pay rates compared to traditional employment.
What is the typical career progression for an Actuarial Data Analyst?
The typical career progression for an Actuarial Data Analyst usually follows this path:
- Entry-Level Analyst: Starting position focusing on data collection and basic analysis, often requiring guidance from more experienced professionals.
- Mid-Level Analyst: With a few years of experience, you may take on more complex projects, develop reports, and engage in strategic decision-making.
- Senior Analyst: At this level, you may lead projects, mentor junior analysts, and have increased responsibilities, often involving direct communication with stakeholders.
- Managerial Roles: Progressing beyond analytical roles, you could move into management positions, overseeing teams or departments within the organization.
- Specialized Roles: You may choose to specialize in areas such as pricing, risk management, or data science, which can provide unique avenues for growth and higher salaries.