How Much do Actuarial Scientists Earn in Namibia?



How Much do Actuarial Scientists Earn in Namibia?

A person can make anywhere from $2,340 per month (lowest income) to $39,840 per month (highest income). This is the average monthly salary including housing, transport, and other benefits.

How does experience and age affect your pay?

It’s important to note that the experience level brings the most to the table. The more years of experience you have, the higher your salary will be. An Actuary with less than two years of experience makes approximately 15,300 NAD per month.

While a person with 2-5 years of experience might earn 24,700 NAD during their first year in the job market, someone with less than 2 years of experience can expect to take home 6,000 NAD.

How do education levels affect salaries?

When the education level is Bachelor’s Degree, the average salary of an Actuary is 19,800 NAD per month.

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While Master’s Degree holders will make $3,630 more per month than those with a Bachelor’s Degree, the gap between them is much smaller for someone who has a professional degree. Compared to someone with only an undergraduate degree, this person will earn 53% less in monthly salary.