Actuary

Actuaries use maths and statistics to work out the likelihood of events like illness, accidents or death, then use that to help insurance companies and pension funds make safe financial plans.

Actuary

38

Mathematical Sciences

AI IMPACT
AI USED FOR38%moving to80%
THE DOOR, NOWB
THE DOOR, 20 YRSD
STARTING PAY£30,000 - £38,000
REGULATORY MOATThe law requires human oversight. That human could be you.
This job holds up well against AI
AI cannot yet do much of what this job actually involves, and the law requires human oversight. That human could be you. That is about as safe as careers get right now, though it is still worth learning to use the tools well.

Career progression path

Is this the only route?

This is the standard academic trajectory, but modern careers are highly flexible. You can often skip stagesby entering the industry with an advanced qualification (like a Master's or PhD), or pivot sideways from a related discipline.

0ACADEMIC FOUNDATIONUniversity DegreeUsually 3 to 4 years of full-time academic study, explicitly preparing you for the theoretical realities of the industry. Requires A-Levels, BTECs, or equivalent Level 3.-£96,150Avg. UK tuition & living
1FIRST STEPJunior ActuaryIn this entry-level role, you will assist senior actuaries in data analysis and model development, gaining practical experience while working towards your professional qualifications.£30,000 - £38,000
2GAINING EXPERIENCEMid-level ActuaryAs a mid-level actuary, you will take on more complex projects, lead analyses, and begin to specialise in areas such as pensions or insurance.£50,000 - £65,000
3PEAK CAREERSenior Actuary/Head of Actuarial FunctionIn this peak career role, you will oversee actuarial teams, drive strategic initiatives, and play a key role in shaping the organisation's risk management policies.£90,000+

Recommended UK degrees

Real courses that qualify you for this career, from the same register that priced the degree above.