Actuary

You can get into this job by doing a degree and then joining an employer training scheme.

Most employers will look for a degree in maths or one that is closely related. For example:

• maths and statistics
• actuarial science
• economics
• physics
• engineering
• accounting

Entry requirements

You'll usually need:

• 2 or 3 A levels, or equivalent, including maths

More Information

• equivalent entry requirements
• student finance for fees and living costs
• university courses and entry requirements

You may be able to start by completing an actuarial technician higher apprenticeship or actuary degree apprenticeship.

Entry requirements

You'll usually need:

• 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

More Information

• equivalent entry requirements
• guide to apprenticeships

You may improve your chances of finding a trainee position if you have some work experience in an actuarial department. You can find details about internships and work placements through the Institute and Faculty of Actuaries.

You may be able to switch to actuarial work from a related profession, like risk management, financial services or business analysis. You would then follow an employer training programme to qualify.

Professional and industry bodies

You can join the Institute and Faculty of Actuaries to begin training and to take professional exams as you progress.

Further information

You'll find more details about careers in the actuarial profession, training and case studies from the Institute and Faculty of Actuaries.

You'll need:

• maths knowledge
• analytical thinking skills
• to be thorough and pay attention to detail
• knowledge of economics and accounting
• the ability to think clearly using logic and reasoning
• the ability to use your judgement and make decisions
• ambition and a desire to succeed
• thinking and reasoning skills
• to be able to carry out basic tasks on a computer or hand-held device

Your day-to-day tasks may include:

• analysing statistics
• forecasting finances
• testing financial options
• assessing risks
• using computers to build mathematical and statistical models
• explaining findings to managers, government ministers or business clients

You could work in an office.