Catastrophe Risk Modeling Salary Survey
Since DW Simpson places cat modelers worldwide, we welcome the opportunity to discuss other countries as well, where compensation may not be as conveniently modeled. However, please note that, in practice, compensation decisions can be far more complex than may be summarized in one rudimentary formula or graph.
We have observed that when modelers are on an actuarial track and are sitting for actuarial exams or have sat for exams, our DW Simpson Actuarial Salary Surveys, the industry standard, are most appropriate for estimating these modelers’ compensation.
When modelers are NOT on an actuarial track, we have found, on average, that their annual base salary plus paid bonus in a given year is equal to the following equation:
Average Yearly Compensation = $75,584 + [$7,297 multiplied by years of experience] + [$8,000 multiplied by degree]
- If a modeler holds a PhD (regardless of how many), degree = 2.
- If a modeler holds a Master’s (regardless of how many), degree= 1.
- If a modeler holds a Bachelor’s (regardless of how many), degree = 0.
Catastrophe Modeling Jobs
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