Actuaries work with companies and government departments, to help them forecast long-term financial costs and investment risks.
There will be
5% more Actuary jobs in 2023.
In your local area
You could work in:
Your day-to-day tasks may include:
You’ll need to join the Institute and Faculty of Actuaries (IFoA) as a student member. You’ll then study for professional exams while you work as a trainee actuary.
To join the IFoA you'll usually need a degree in maths or a related subject, like:
Experience in an actuarial department could help you find a trainee position.
You could also enter this career from a related profession, like risk management, financial services or business analysis.
The IFoA has more information on how to become an actuary.
Starter salary: £30,000 to £36,000 (student actuary)
Experienced salary: £50,000
These figures are a guide.
You'll usually work 35 to 40 hours, Monday to Friday. Trainee actuaries usually spend around 15 hours a week studying while working.
You'll work in an office, but you'll often need to travel to visit your clients, sometimes overseas.
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.
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