The salary of Actuary in Kenya depends on the level of experience and the institutions they work for. If you graduate with Actuarial Science Degree without professional certifications,you will earn a starting salary of Ksh 70,000 to Ksh 100,000. Audit firms pay Ksh 75,000 to Ksh120,000 per month. Actuaries who have pursued professional qualifications earn Ksh 150,000 and above per month.
If you possess Actuarial Science degree and Actuarial Certifications plus 3 to 5 years of experience,you will earn Ksh 180,000 to Ksh250,000 per month. Insurance companies ,Audit firms and Banks pay such amount. With 5 to 10 years of experience, you will earn Ksh 250,000 to Ksh 400,000. Actuaries with over 15 years of experience earn Ksh 500,000 and above.The highest paid Actuary in Kenya pockets Ksh 2 million to Ksh3 million .
Summary of the salary of an Actuary in Kenya
Bachelor of Actuarial Science without professional experience—Ksh 70,000 to Ksh100,000
BSc Actuarial+ Actuarial Certification—Ksh 150,000 to Ksh 300,000
BSc Actuarial+ Actuarial Certification and 3 years of experience—Ksh 150,000 to Ksh250,000
BSc Actuarial+ Actuarial Certification and 5 to 10 years of experience—Ksh 250,000 to Ksh400,000
BSc Actuarial+ Actuarial Certification and 15 to 25 years of experience—Ksh 500,000 to Ksh2 million
Actuarial Certification is very important. Without this paper,you will not count yourself as an Actuary.
