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Job Name

Actuary

Job Description
Actuaries work with companies and government departments, to help them forecast long-term financial costs and investment risks.

Salary Low
£30,000 Starter

Salary high:
£70,000 Experienced

Typical hours:
37 to 39 a week

Typical Hours per Day:
between 8am and 6pm

How to become an Actuary

You can get into this job through:


University

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:

Entry requirements

You'll usually need:


Apprenticeship

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

Entry requirements

You'll usually need:

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, financial services or business analysis. You would then follow an employer training programme to qualify.

More Information

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.

What it takes

Skills and knowledge

You'll need:

What you'll do

Day-to-day tasks

Your day-to-day tasks may include:

Working environment

You could work in an office.

Career path and progression

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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