Actuaries analyse past and present data to solve real business problems. A lot of an actuary’s work is about risk management; assessing how likely an event may be and the costs associated with it. Actuaries predict and measure emerging risks and then help to reduce them, putting financial safeguards in place.
Actuaries in today’s finance industry come from a variety of academic backgrounds but share an appreciation of maths – even if they haven’t completed a maths degree. When training as an actuary, you’ll learn how to analyse data, evaluate financial risks and communicate this information to non-specialists.
Actuaries are highly regarded professionals: problem solvers and strategic thinkers with a thorough understanding of financial systems.
They use their skills to help measure the probability and risk of future events. Every area of business, especially in the finance industry, is subject to risks so an actuarial career offers diverse employment options, including banking, insurance, pensions, investment and many more!
Actuaries possess exceptional mathematical, analytical, communication and management skills. These skills help to form many high-level strategic decisions made by large companies and governments, impacting legislation, businesses and peoples’ lives. Learn more about the skills you need to be an actuary here.
Actuarial careers tend to be financially rewarding with the average graduate salary at £33,000 (High Fliers research). Actuaries are also a highly respected, professional, global community – the Institute and Faculty of Actuaries (IFoA) has over 25,000 members around the world as the IFoA’s qualifications are recognised globally.
Want to learn more about becoming an actuary? We publish the only student & graduate career guide to the actuarial profession!