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August 26, 2015

Greater Hartford’s most concentrated profession

Contributed photo The headquarters of The Hartford Financial Services Group, one of several major employers of actuaries in the region.

Compared to other metro areas across the country, Greater Hartford’s most concentrated profession may come as no surprise.

For at least the fifth year in a row, the U.S. Bureau of Labor Statistic said the Hartford-West Hartford-East Hartford metro area is the most saturated with actuaries.

The metro area — comprised of Hartford County and parts of Tolland and Middlesex counties — employed 900 actuaries as of May 2014, according to BLS’ Occupational Employment Statistics survey, which includes the results of six semiannual surveys from 2011 to May 2014.

Actuaries in the region were 10 times more concentrated than the national average, according to BLS data.

Greater Hartford actuaries earned a mean hourly wage of $55.20, up from $54.48 in 2013 and $48.43 in 2010.

Overall, pay in the region averaged $26.72 per hour, up from $26.41 the year prior.

The second most concentrated profession in Greater Hartford last year was insurance underwriters, who numbered 2,850 and earned an average hourly wage of $44.05, BLS said.

The highest-paid position was surgeons, who were two times more concentrated than the rest of the country, and earned $104.97 per hour.

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