Actuaries work with companies and government departments, to help them forecast long-term financial costs and investment risks.
£30,000 Starter
to£70,000 Experienced
37 to 39 a week
between 8am and 6pm
You can get into this job through:
A common way to get into this job is to take a degree and then join an employer training scheme.
Most employers will look for a degree in maths or one that is closely related. For example:
You'll usually need:
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.
the first step to qualifying as an actuary is to join the Institute and Faculty of Actuaries (IFoA) as a student member, and then study for professional exams whilst working as a trainee actuary
You'll find more details about the actuarial profession, training and case studies from the Institute and Faculty of Actuaries.
You'll need:
Your day-to-day tasks may include:
You could work in an office.
With experience, you could become a department manager and then a partner with a financial firm.
You could also specialise in a particular field, like life insurance or healthcare, or move into consultancy work, accountancy or banking.