Average Actuarial Assistant Salary in Germany for 2024

In this article, we will look at the average Actuarial Assistant salary for 2024 in Germany 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Actuarial Assistant Make in Germany?

An Actuarial Assistant working in Germany will typically earn around 38,780 EUR per year, and this can range from the lowest average salary of about 20,120 EUR to the highest average salary of 62,860 EUR.

Average Annual Salary
38,780 EUR
Average Monthly Salary
3,231 EUR

Lowest Annual Salary
20,120 EUR
Lowest Monthly Salary
1,676 EUR

Highest Annual Salary
62,860 EUR
Highest Monthly Salary
5,238 EUR

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

Actuarial Assistant 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 Assistant Salaries in Germany

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

Salary ranges

We already know that an Actuarial Assistant can earn between 20,120 EUR and 62,860 EUR on average in Germany. 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 Assistant in Germany is 43,520 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 43,520 EUR, and 50% of the population earn more than 43,520 EUR.

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 Assistant salary in Germany, 25% of the population are earning less than 26,400 EUR while 75% of the population earn more than 26,400 EUR.

75% of the population earn less than 58,860 EUR, and 25% of the population earn more than 58,860 EUR.

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 Assistant Salary by Experience Level in Germany

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 assistant 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 Assistant in Germany that has less than two years of experience can expect to earn somewhere in the region of 21,640 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Actuarial Assistant salary would increase to 28,720 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Actuarial Assistant, the average salary would be 43,480 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 51,100 EUR.
  • 15 - 20 Years Experience. An Actuarial Assistant with 15 to 20 years of experience can earn an average of 54,280 EUR.
  • 20+ Years Experience. For an Actuarial Assistant with more than 20 years, the expected average salary increases to 58,440 EUR.

Average Salary by Experience Chart

0-2 Years
21,640 EUR
2-5 Years +34%
28,720 EUR
5-10 Years +48%
43,480 EUR
10-15 Years +22%
51,100 EUR
15-20 Years +9%
54,280 EUR
20+ Years +8%
58,440 EUR

Actuarial Assistant Salary by Education Level in Germany

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 Assistant in Germany 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 Assistant in Germany with a certificate or diploma education can earn an average salary of 24,800 EUR.

  • Bachelor's Degree. An Actuarial Assistant in Germany with a bachelor's degree education can earn an average salary of 46,040 EUR.

Average Salary by Education Chart

Certificate or Diploma
24,800 EUR
Bachelor's Degree +93%
46,040 EUR

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 Germany is around 19,100 to 57,200 EUR 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 Assistant 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 Germany, a male actuarial assistant will earn an average of 41,560 EUR, while a female actuarial assistant will earn around 37,880 EUR.

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

Average Salary by Gender Chart in Germany

Male
41,560 EUR
Female -10%
37,880 EUR

Actuarial Assistant Average Pay Raise in Germany

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 Assistant in Germany is around 10% every 16 months.

The national average pay raise across all professions and industries in Germany is around 8% every 16 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 = ( 10 ÷ 16 ) × 12  = 8%

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

Annual Pay Raise by Industry in Germany for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Actuarial Assistant Bonus and Incentive Rates in Germany

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 Assistant is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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 0% to 4%.

Received Bonus
36%
No Bonus
64%

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

Public Sector
48,200 EUR
Private Sector -8%
44,540 EUR

Salaries for Jobs Similar to an Actuarial Assistant

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

Job Title Category Salary
Actuarial Analyst Insurance 58,520 EUR
Actuarial Specialist Insurance 39,420 EUR
Actuary Insurance 59,940 EUR
Adjustment Insurance Clerk Insurance 15,380 EUR
Assistant Broker Insurance 27,480 EUR
Assistant Claims Manager Insurance 50,240 EUR
Associate Insurance Representative Insurance 22,540 EUR
Auditing Insurance Manager Insurance 64,200 EUR
Broker Insurance 43,220 EUR
Claim Advocacy Professional Insurance 44,780 EUR
Claims Adjuster Insurance 16,880 EUR
Claims Analyst Insurance 20,460 EUR
Claims Examiner Insurance 23,480 EUR
Claims Manager Insurance 64,300 EUR
Claims Processor Insurance 17,540 EUR
Claims Representative Insurance 18,900 EUR
Claims Resolution Specialist Insurance 47,400 EUR
Claims Supervisor Insurance 43,260 EUR
Complaints Specialist Insurance 42,400 EUR
Compliance Examiner Insurance 41,820 EUR
Compliance Officer Insurance 34,380 EUR
Compliance Reviewer Insurance 40,600 EUR
Consultant Insurance 43,800 EUR
Eligibility Interviewer Insurance 47,760 EUR
Eligibility Specialist Insurance 43,220 EUR
Insurance Account Manager Insurance 55,220 EUR
Insurance Accounts Executive Insurance 48,560 EUR
Insurance Adjuster Insurance 42,460 EUR
Insurance Agent Insurance 23,700 EUR
Insurance Analyst Insurance 46,720 EUR
Insurance Appraiser Insurance 43,760 EUR
Insurance Claims Clerk Insurance 18,260 EUR
Insurance Examiner Insurance 39,560 EUR
Insurance Investigator Insurance 41,700 EUR
Insurance Manager Insurance 74,940 EUR
Insurance Operations Manager Insurance 77,620 EUR
Insurance Policy Processing Clerk Insurance 17,560 EUR
Insurance Pricing Assistant Insurance 32,420 EUR
Insurance Program Manager Insurance 55,820 EUR
Insurance Project Manager Insurance 59,000 EUR
Insurance Quality Assurance Agent Insurance 39,080 EUR
Insurance Sales Agent Insurance 26,500 EUR
Insurance Sales Director Insurance 69,260 EUR
Insurance Sales Manager Insurance 58,800 EUR
Insurance Sales Representative Insurance 22,660 EUR
Insurance Team Leader Insurance 47,400 EUR
Insurance Underwriter Insurance 32,420 EUR
Loss Control Specialist Insurance 43,360 EUR
Loss Prevention Investigator Insurance 42,960 EUR
Loss Prevention Manager Insurance 60,840 EUR
Loss Prevention Specialist Insurance 48,920 EUR
Marine Underwriter Insurance 34,080 EUR
Medical Auditor Insurance 45,600 EUR
Monitoring and Performance Officer Insurance 31,400 EUR
Payment Services Specialist Insurance 44,800 EUR
Policy Change Director Insurance 72,180 EUR
Policy Change Supervisor Insurance 47,580 EUR
Policy Change Technician Insurance 21,020 EUR
Risk Analyst Insurance 53,120 EUR
Risk Management Director Insurance 87,060 EUR
Risk Management Supervisor Insurance 54,500 EUR
Risk Manager Insurance 81,880 EUR
Risk Modeling Manager Insurance 78,120 EUR
Title Insurance Typist Insurance 37,740 EUR
Training Manager Insurance 50,520 EUR

Salary Comparison by City

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

City Average Salary
Berlin 47,720 EUR
Bremen 38,700 EUR
Dortmund 40,560 EUR
Dresden 36,020 EUR
Dusseldorf 43,080 EUR
Essen 43,080 EUR
Frankfurt 44,180 EUR
Hamburg 44,780 EUR
Hannover 39,960 EUR
Koln 46,400 EUR
Leipzig 39,800 EUR
Munchen 45,720 EUR
Nurnberg 35,420 EUR
Stuttgart 44,140 EUR

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