Actuary Jobs in Baltimore, MD
About Actuary Jobs in Baltimore
Looking for a Actuary job in Baltimore? You're in the right place. This guide covers everything you need to know about working as a Actuary in Baltimore, MD.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Baltimore has a strong job market for Actuarys. Many employers are actively looking for talent. Read on to learn how to land your next role.
Actuary Salary in Baltimore
Actuary salaries in Baltimore are in line with national averages, offering competitive compensation for the region.
Purchasing power in Baltimore is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Actuary Job Market in Baltimore
Baltimore, MD is a major regional employment hub for Actuary professionals. As a mid-sized metro with 586K residents, Baltimore balances career opportunities with quality of life. The city's strong Healthcare and Education sectors create robust demand for Actuary talent. The market for Actuary positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Actuarys in Baltimore
Major employers hiring Actuarys in Baltimore include T. Rowe Price, Legg Mason, Brown Advisory, McCormick. The strong financial services presence creates consistent demand for experienced Actuary professionals, with competitive compensation packages. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Actuarys in Baltimore
Living in Baltimore as a Actuary means navigating a cost of living that's slightly above the national average. Average rent for a 1-bedroom apartment is approximately $1,600/month. At median Actuary salary, housing is quite affordable at 14% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $1,200/month, offering significant savings with slightly longer commutes.
Commuting as a Actuary in Baltimore
Baltimore Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Actuarys in Baltimore: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Actuary professionals due to proximity to major employers and urban amenities.
Tax Considerations in Maryland
Maryland has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Actuarys
The job outlook for Actuarys in Baltimore is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Baltimore's growing economy creates new positions regularly, often with less competition than coastal tech hubs. In-demand skills include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel.
Frequently Asked Questions
What is the average Actuary salary in Baltimore, MD?
The average Actuary salary in Baltimore, MD is $133,750 per year. Entry-level Actuarys typically start around $81,855, while experienced professionals can earn $196,880 or more. The national average for Actuary roles is $125,000.
How many Actuary jobs are available in Baltimore?
Baltimore has a strong job market with regular openings for Actuary professionals. Major employers hiring Actuarys include T. Rowe Price, Legg Mason, Brown Advisory, McCormick. The Healthcare and Education sectors drive much of the demand in this market.
Is Baltimore a good city for Actuarys?
Baltimore is an very good choice for Actuarys. As a major metro area, it offers abundant opportunities and competitive salaries. The cost of living is reasonable compared to major coastal cities. The city's healthcare industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Actuarys in Baltimore?
Top skills for Actuarys in Baltimore include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel, Programming. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Actuarys in Baltimore?
Baltimore's cost of living is near the national average (107% of baseline). Average rent for a 1-bedroom apartment is approximately $1,600/month. Purchasing power in Baltimore is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Actuarys in Baltimore?
Baltimore Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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