Average Actuarial Analyst Salary in Marrakech, Morocco for 2026

In this article, we will look at the average Actuarial Analyst salary for 2026 in Marrakech and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Moroccan dirham. To keep things simple, we are using the MAD currency code instead of the currency symbol د.م..

How Much Does an Actuarial Analyst Make in Marrakech?

An Actuarial Analyst working in Marrakech will typically earn around 312,400 MAD per year, and this can range from the lowest average salary of about 152,000 MAD to the highest average salary of 485,300 MAD.

Average Annual Salary312,400 MAD
Average Monthly Salary26,033 MAD
Average Lowest Salary152,000 MAD
Lowest Monthly Salary12,666 MAD
Average Highest Salary485,300 MAD
Highest Monthly Salary40,441 MAD

These are average salaries for an Actuarial Analyst in Marrakech and include benefits such as housing and transport. It's also possible for an Actuarial Analyst to earn more or less than the average salaries shown above.

Actuarial Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Actuarial Analyst Salaries in Marrakech

So we've looked at the average salaries an Actuarial Analyst will earn in Marrakech. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Actuarial Analyst can earn between 152,000 MAD and 485,300 MAD on average in Marrakech. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Actuarial Analyst in Marrakech is 315,900 MAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 315,900 MAD, and 50% of the population earn more than 315,900 MAD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Actuarial Analyst salary in Marrakech, 25% of the population are earning less than 209,500 MAD while 75% of the population earn more than 209,500 MAD.

75% of the population earn less than 409,000 MAD, and 25% of the population earn more than 409,000 MAD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Actuarial Analyst Salary by Experience Level in Marrakech

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Actuarial Analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Actuarial Analyst in Marrakech that has less than two years of experience can expect to earn somewhere in the region of 181,600 MAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Actuarial Analyst salary would increase to 232,400 MAD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Actuarial Analyst, the average salary would be 319,600 MAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 396,300 MAD.
  • 15 - 20 Years Experience. An Actuarial Analyst with 15 to 20 years of experience can earn an average of 424,900 MAD.
  • 20+ Years Experience. For an Actuarial Analyst with more than 20 years, the expected average salary increases to 454,300 MAD.

Average Salary by Experience Chart

0-2 Years-
181,600 MAD
2-5 Years+29%
232,400 MAD
5-10 Years+38%
319,600 MAD
10-15 Years+24%
396,300 MAD
15-20 Years+7%
424,900 MAD
20+ Years+7%
454,300 MAD

Actuarial Analyst Salary by Education Level in Marrakech

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Actuarial Analyst in Marrakech based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Actuarial Analyst in Marrakech with a certificate or diploma education can earn an average salary of 232,400 MAD.
  • Bachelor's Degree. An Actuarial Analyst in Marrakech with a bachelor's degree education can earn an average salary of 311,700 MAD.
  • Master's Degree. An Actuarial Analyst in Marrakech with a master's degree education can earn an average salary of 478,000 MAD.

Average Salary by Education Chart

Certificate or Diploma-
232,400 MAD
Bachelor's Degree+34%
311,700 MAD
Master's Degree+53%
478,000 MAD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Morocco is around 97,100 to 291,000 MAD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Actuarial Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Marrakech, a male actuarial analyst will earn an average of 317,700 MAD, while a female actuarial analyst will earn around 288,100 MAD.

This means that a male actuarial analyst earns approximately 10% more than a female actuarial analyst for performing the same job.

Average Salary by Gender Chart in Marrakech

Male-
317,700 MAD
Female-10%
288,100 MAD

Actuarial Analyst Average Pay Raise in Marrakech

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Actuarial Analyst in Marrakech is around 12% every 18 months.

The national average pay raise across all professions and industries in Morocco is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 18 ) × 12  = 8%

What this means is that an Actuarial Analyst in Marrakech can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Marrakech for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Morocco.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
2%
Energy-
4%
Information Technology-
6%
Healthcare-
8%
Travel-
1%
Construction-
3%
Education-
5%

Actuarial Analyst Bonus and Incentive Rates in Marrakech

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Actuarial Analyst is a moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus-
53%
No Bonus-
47%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Morocco earn approximately 8% more than private sector employees in the same role.

Public Sector-
239,300 MAD
Private Sector-8%
222,300 MAD

Salaries for Jobs Similar to an Actuarial Analyst

In the table below, we have salary information for jobs that are similar to an Actuarial Analyst in Marrakech.

Job TitleCategorySalary
Actuarial AssistantInsurance218,900 MAD
Actuarial SpecialistInsurance233,600 MAD
ActuaryInsurance308,900 MAD
Adjustment Insurance ClerkInsurance86,640 MAD
Assistant BrokerInsurance152,100 MAD
Assistant Claims ManagerInsurance247,800 MAD
Associate Insurance RepresentativeInsurance127,700 MAD
Auditing Insurance ManagerInsurance332,500 MAD
BrokerInsurance239,000 MAD
Claim Advocacy ProfessionalInsurance243,000 MAD
Claims AdjusterInsurance86,420 MAD
Claims AnalystInsurance125,700 MAD
Claims ExaminerInsurance119,900 MAD
Claims ManagerInsurance345,100 MAD
Claims ProcessorInsurance83,900 MAD
Claims RepresentativeInsurance102,380 MAD
Claims Resolution SpecialistInsurance246,500 MAD
Claims SupervisorInsurance239,000 MAD
Complaints SpecialistInsurance208,600 MAD
Compliance ExaminerInsurance217,900 MAD
Compliance OfficerInsurance197,600 MAD
Compliance ReviewerInsurance225,300 MAD
ConsultantInsurance231,000 MAD
Eligibility InterviewerInsurance247,800 MAD
Eligibility SpecialistInsurance228,000 MAD
Insurance Account ManagerInsurance282,300 MAD
Insurance Accounts ExecutiveInsurance252,300 MAD
Insurance AdjusterInsurance212,500 MAD
Insurance AgentInsurance137,400 MAD
Insurance AnalystInsurance233,600 MAD
Insurance AppraiserInsurance237,400 MAD
Insurance Claims ClerkInsurance81,180 MAD
Insurance ExaminerInsurance212,500 MAD
Insurance InvestigatorInsurance228,000 MAD
Insurance ManagerInsurance396,300 MAD
Insurance Operations ManagerInsurance417,100 MAD
Insurance Policy Processing ClerkInsurance86,520 MAD
Insurance Pricing AssistantInsurance187,500 MAD
Insurance Program ManagerInsurance315,700 MAD
Insurance Project ManagerInsurance294,300 MAD
Insurance Quality Assurance AgentInsurance209,700 MAD
Insurance Sales AgentInsurance142,300 MAD
Insurance Sales DirectorInsurance382,600 MAD
Insurance Sales ManagerInsurance301,800 MAD
Insurance Sales RepresentativeInsurance117,600 MAD
Insurance Team LeaderInsurance246,200 MAD
Insurance UnderwriterInsurance180,500 MAD
Loss Control SpecialistInsurance216,800 MAD
Loss Prevention InvestigatorInsurance245,300 MAD
Loss Prevention ManagerInsurance325,800 MAD
Loss Prevention SpecialistInsurance247,800 MAD
Marine UnderwriterInsurance180,500 MAD
Medical AuditorInsurance233,600 MAD
Monitoring and Performance OfficerInsurance164,200 MAD
Payment Services SpecialistInsurance237,400 MAD
Policy Change DirectorInsurance353,600 MAD
Policy Change SupervisorInsurance258,400 MAD
Policy Change TechnicianInsurance110,340 MAD
Risk AnalystInsurance247,800 MAD
Risk Management DirectorInsurance453,200 MAD
Risk Management SupervisorInsurance307,400 MAD
Risk ManagerInsurance430,500 MAD
Risk Modeling ManagerInsurance450,300 MAD
Title Insurance TypistInsurance197,600 MAD
Training ManagerInsurance263,100 MAD

Salary Comparison by City

If you want to compare salaries with different cities in Morocco, you can use the links below to explore the data for each specific city we have researched.

CityAverage Salary
Agadir288,100 MAD
Casablanca345,700 MAD
Rabat301,800 MAD
Tangier332,100 MAD

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