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

Career Area

Actuaries, economists and statisticians

View related courses

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

Find out more about green careers

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.