TSR Wiki > Careers > Career Options > A-Z of Careers > Actuary

 
 
Job Opportunities
Search for jobs on TSR's partner site, Guardian Jobs.
Or, search for jobs on the UK's largest jobs database, Jobcentre Plus.
 
 
The Forum
Want to talk about actuarial jobs? Then visit the Finance and Accountancy subforum.
Or, chat about other financial roles in the Investment Banking and Consultancy subforum.
 
 
Other Links
Find out about qualifications you can gain and other information from the Institute of Actuaries website.
Find out about The Staple Inn Actuarial Society.
Or visit the website for the Actuarial Education Company.

What does an Actuary do?

Actuaries provide commercial, financial and prudential advice on the management of assets and liabilities - especially where long term management and planning are critical factors. Actuaries traditionally work in finance, investment and risk management, general insurance, life insurance, pensions and social security.

Actuaries apply financial and statistical techniques to solve real business problems. These business problems typically involve analysing future financial events, especially when the amount of a future payment, or the timing of when it is paid, is uncertain. A lot of actuaries' work might be thought of as 'risk management', assessing how likely an event may be and the costs associated with it.


Why should I become an Actuary?

  • Job stability
  • Good financial rewards
  • Stimulating work


Entry Requirments

The minimum requirements, as stipulated by the Institute of Actuaries is a grade B in A-Level Mathematics (or equivalent). All firms, however, will expect at least a 2:1 degree, many specifying numerate/quantitative disciplines.

Do I need A-Level Maths? What about A-Level Further Maths?

A-Level Maths is a requirement by the Institute of Actuaries, and they stipulate a grade B or above. While no other A-Levels are required, obviously having A-Level Further Maths will put you in good stead and make your application stronger.

Should I do Actuarial Science at university?

It depends on how sure you are about becoming an actuary.


Future Trends

Employment Prospects

Very good.

Example of Employers: Insurance

  • Aviva
  • AXA
  • Fortis
  • Standard Life

Example of Employers: Consultancy

  • Deloitte
  • Ernst & Young
  • Hewitt
  • Lane Clark & Peacock
  • Mercer
  • PricewaterhouseCoopers
  • Towers Watson
  • Xafinity

Example of Employers: Other

  • FSA


Visit the relevant forum

Latest relevant discussions Last post/repliesForum
** Official Investment Banking Spring Week 2017 Thread ** 43 minutes ago Replies: 3470
Career change into accountancy 1 Hour Ago Replies: 0
2017 Investment Banking Graduate scheme 1 Hour Ago Replies: 1097
Can I get into investment banking with an Accounting and Finance degree? 2 hours ago Replies: 7
Bank of England Proversity analytical exercise 3 hours ago Replies: 157
PWC Actuarial Partner Interview? 3 hours ago Replies: 0


Opinions

Try Learn together, TSR's study area

35,682
revision notes

39,291
mindmaps

39,687
crosswords

15,200
quizzes

create
a study planner

thousands
of discussions


Poll
How are you feeling about doing A-levels?
Study resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE