Actuary
Actuaries work with companies and government departments, to help them forecast long-term financial costs and investment risks.
Typical Salary
£32,000 – £70,000
per year
Working Hours
37–42
hours per week
Day-to-day tasks
As an actuary, you could:
- analyse data from past and present events to forecast future trends
- assess financial risks, using mathematical models and statistics
- work out solutions to business problems and help with planning
- write reports and presentations
- explain findings to managers, government ministers or business clients
We've identified this as a potential green job
For an actuary to be a green job, you could:
- advise policymakers on sustainable, long-term investment planning
- refine financial forecasting to include risks associated with climate change
- develop risk models to help businesses adapt in the shift to low carbon economies
Skills needed
- maths knowledge
- analytical thinking skills
- to be thorough and pay attention to detail
- knowledge of economics and accounting
- complex problem-solving skills
- the ability to use your judgement and make decisions
- ambition and a desire to succeed
- excellent verbal communication skills
- to be able to use a computer and the main software packages confidently
How to get into this role
You can get into this job through:
- a university course
- an apprenticeship
- applying directly
Career progression
As your career develops, you could specialise in a particular field, like:
- insurance
- healthcare
- banking
- data science
With experience, you could take on more responsibility for managing people or projects.
You might also work for the Government Actuary's Department, advising on public sector finances.