How to become
You can get into this job through:
- a university course
- an apprenticeship
- applying directly
University
You could start by doing a degree before joining a graduate actuarial training scheme.
Most employers will look for a degree with a high level of mathematics. For example:
- maths and statistics
- actuarial science
- economics
- engineering
- accounting
- physics or chemistry
A course with a placement year or a summer internship will give you valuable experience and an advantage when you apply for work.
You could take a postgraduate degree in actuarial science that might allow you to qualify as an actuary in a shorter time.
Some actuarial companies may offer sponsorship for postgraduate courses.
Entry requirements
You'll usually need:
- 2 or 3 A levels, or equivalent, including maths
- a degree in a relevant subject for postgraduate study
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Apprenticeship
You may be able to do an Actuarial Technician Level 4 Higher Apprenticeship or an Actuary Level 7 Degree Apprenticeship.
These take between 2 and 3 years to complete.
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
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Volunteering
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.
Direct Application
You may be able to switch to actuarial work from a related profession, like risk management, accounting, financial services or business analysis. You would then follow an employer training programme to become a qualified actuary.
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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 about careers in the actuarial profession from the Institute and Faculty of Actuaries.