Entry-level Actuary salary in South Africa
What first-year actuarys actually earn in South Africa, the path from entry to mid-level, and the hourly rate behind those monthly numbers.
Starting pay
R35 000/mo
After 1–2 years
R55 000/mo
Hourly rate
R202–R318/hr
What you'll earn as a junior actuary
- • Most first-year actuarys start between R35 000 and R55 000 per month.
- • That works out to roughly R202–R318 per hour on a 40-hour week.
- • Education path: BSc Actuarial Science + ASSA exams.
- • Typical experience needed at entry: Insurance.
- • Within 3–5 years, mid-level pay rises to around R85 000/month.
From entry to mid-level
Within 3–5 years, mid-level actuary pay rises to around R85 000/month - a 143% increase over your starting salary.
See full Actuary salary guide →