Average Actuarial Assistant Salary in Jordan for 2024

In this article, we will look at the average Actuarial Assistant salary for 2024 in Jordan 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 Jordanian dinar. To keep things simple, we are using the JOD currency code instead of the currency symbol د.ا.

How Much Does an Actuarial Assistant Make in Jordan?

An Actuarial Assistant working in Jordan will typically earn around 18,900 JOD per year, and this can range from the lowest average salary of about 9,440 JOD to the highest average salary of 32,020 JOD.

Average Annual Salary
18,900 JOD
Average Monthly Salary
1,575 JOD

Lowest Annual Salary
9,440 JOD
Lowest Monthly Salary
786 JOD

Highest Annual Salary
32,020 JOD
Highest Monthly Salary
2,668 JOD

These are average salaries for an Actuarial Assistant in Jordan 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 Jordan

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

Salary ranges

We already know that an Actuarial Assistant can earn between 9,440 JOD and 32,020 JOD on average in Jordan. 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 Jordan is 20,520 JOD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,520 JOD, and 50% of the population earn more than 20,520 JOD.

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 Jordan, 25% of the population are earning less than 13,780 JOD while 75% of the population earn more than 13,780 JOD.

75% of the population earn less than 27,040 JOD, and 25% of the population earn more than 27,040 JOD.

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 Jordan

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 Jordan that has less than two years of experience can expect to earn somewhere in the region of 12,300 JOD.
  • 2 - 5 Years Experience. With two to five years of experience the average Actuarial Assistant salary would increase to 14,540 JOD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Actuarial Assistant, the average salary would be 21,540 JOD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 24,800 JOD.
  • 15 - 20 Years Experience. An Actuarial Assistant with 15 to 20 years of experience can earn an average of 25,160 JOD.
  • 20+ Years Experience. For an Actuarial Assistant with more than 20 years, the expected average salary increases to 27,480 JOD.

Average Salary by Experience Chart

0-2 Years
12,300 JOD
2-5 Years +42%
14,540 JOD
5-10 Years +31%
21,540 JOD
10-15 Years +23%
24,800 JOD
15-20 Years +6%
25,160 JOD
20+ Years +10%
27,480 JOD

Actuarial Assistant Salary by Education Level in Jordan

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 Jordan 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 Jordan with a certificate or diploma education can earn an average salary of 14,200 JOD.

  • Bachelor's Degree. An Actuarial Assistant in Jordan with a bachelor's degree education can earn an average salary of 26,660 JOD.

Average Salary by Education Chart

Certificate or Diploma
14,200 JOD
Bachelor's Degree +90%
26,660 JOD

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 Jordan is around 8,060 to 24,200 JOD 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 Jordan, a male actuarial assistant will earn an average of 19,380 JOD, while a female actuarial assistant will earn around 20,300 JOD.

This means that a male actuarial assistant earns approximately 5% less than a female actuarial assistant for performing the same job.

Average Salary by Gender Chart in Jordan

Male
19,380 JOD
Female +5%
20,300 JOD

Actuarial Assistant Average Pay Raise in Jordan

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 Jordan is around 10% every 20 months.

The national average pay raise across all professions and industries in Jordan is around 7% every 20 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 ÷ 20 ) × 12  = 6%

What this means is that an Actuarial Assistant in Jordan can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Jordan for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Actuarial Assistant Bonus and Incentive Rates in Jordan

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 28% of employees reporting at least one bonus in the last 12 months.

72% 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
28%
No Bonus
72%

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 Jordan earn approximately 21% more than private sector employees in the same role.

Public Sector
20,520 JOD
Private Sector -21%
16,980 JOD

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 Jordan.

Job Title Category Salary
Actuarial Analyst Insurance 26,500 JOD
Actuarial Specialist Insurance 19,860 JOD
Actuary Insurance 26,400 JOD
Adjustment Insurance Clerk Insurance 7,040 JOD
Assistant Broker Insurance 13,540 JOD
Assistant Claims Manager Insurance 20,000 JOD
Associate Insurance Representative Insurance 12,020 JOD
Auditing Insurance Manager Insurance 30,700 JOD
Broker Insurance 21,020 JOD
Claim Advocacy Professional Insurance 19,480 JOD
Claims Adjuster Insurance 5,960 JOD
Claims Analyst Insurance 8,880 JOD
Claims Examiner Insurance 12,300 JOD
Claims Manager Insurance 29,320 JOD
Claims Processor Insurance 7,300 JOD
Claims Representative Insurance 9,440 JOD
Claims Resolution Specialist Insurance 21,640 JOD
Claims Supervisor Insurance 18,280 JOD
Complaints Specialist Insurance 20,120 JOD
Compliance Examiner Insurance 17,740 JOD
Compliance Officer Insurance 14,820 JOD
Compliance Reviewer Insurance 17,740 JOD
Consultant Insurance 20,520 JOD
Eligibility Interviewer Insurance 21,400 JOD
Eligibility Specialist Insurance 18,940 JOD
Insurance Account Manager Insurance 23,140 JOD
Insurance Accounts Executive Insurance 21,380 JOD
Insurance Adjuster Insurance 19,360 JOD
Insurance Agent Insurance 12,200 JOD
Insurance Analyst Insurance 18,900 JOD
Insurance Appraiser Insurance 21,540 JOD
Insurance Claims Clerk Insurance 5,960 JOD
Insurance Examiner Insurance 20,120 JOD
Insurance Investigator Insurance 19,020 JOD
Insurance Manager Insurance 35,300 JOD
Insurance Operations Manager Insurance 35,340 JOD
Insurance Policy Processing Clerk Insurance 6,280 JOD
Insurance Pricing Assistant Insurance 15,760 JOD
Insurance Program Manager Insurance 27,040 JOD
Insurance Project Manager Insurance 27,020 JOD
Insurance Quality Assurance Agent Insurance 19,200 JOD
Insurance Sales Agent Insurance 10,980 JOD
Insurance Sales Director Insurance 34,240 JOD
Insurance Sales Manager Insurance 23,700 JOD
Insurance Sales Representative Insurance 10,220 JOD
Insurance Team Leader Insurance 21,020 JOD
Insurance Underwriter Insurance 14,920 JOD
Loss Control Specialist Insurance 19,160 JOD
Loss Prevention Investigator Insurance 19,940 JOD
Loss Prevention Manager Insurance 28,660 JOD
Loss Prevention Specialist Insurance 20,940 JOD
Marine Underwriter Insurance 12,580 JOD
Medical Auditor Insurance 19,160 JOD
Monitoring and Performance Officer Insurance 12,620 JOD
Payment Services Specialist Insurance 21,020 JOD
Policy Change Director Insurance 31,940 JOD
Policy Change Supervisor Insurance 19,980 JOD
Policy Change Technician Insurance 7,820 JOD
Risk Analyst Insurance 22,420 JOD
Risk Management Director Insurance 39,560 JOD
Risk Management Supervisor Insurance 27,040 JOD
Risk Manager Insurance 40,420 JOD
Risk Modeling Manager Insurance 36,160 JOD
Title Insurance Typist Insurance 19,200 JOD
Training Manager Insurance 22,420 JOD

Salary Comparison by City

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

City Average Salary
Amman 21,380 JOD
Irbid 21,540 JOD

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