Join the actuarial profession and join the forward thinkers
Published: 04 Oct 2016
If you’re someone who appreciates numbers and their potential, you should consider joining the actuarial profession.
Actuaries are experts in risk management. They use their mathematical skills to measure the probability and risk of future events and their financial impact on a business and/or their clients.
Actuaries work for banks, insurance companies, consultancy firms and in industry - nationally and internationally. They work in the areas of General Insurance, Health and Care, Investment, Life Insurance, Pensions and the growing area of financial Risk Management.
There’s no doubt you’ll be making a difference. A career as an actuary gives you the chance to apply your skills in maths and statistics to real world challenges. Just think about the issues which matter most to populations around the world - and consider how your skills could be applied.
You might be asked to consider how rising rates of obesity will impact the long term prospects of the NHS.
Or if global warming will push up the price of flood insurance beyond manageable rates.
Or whether fluctuating oil prices, a war or a glut of house building in China will impact upon UK pension funds.
In an increasingly global economy, the ability to decipher and interpret complex statistical and financial information will be ever more crucial.
It’s why the actuarial profession attracts some of the brightest, most ambitious and creative people you could ever meet. And it’s why actuaries are amongst the best paid of all professional groups with starting salaries that far outstrip your peers in other industries.
You’re at a pivotal point in your career. If you’re ready to tackle a role that’s as rewarding as it is challenging, it’s the right time to find out more.
The actuarial profession attracts academic and ambitious people with skills which are highly in demand. As you’d expect, it’s well paid right from the start.
Opportunities for career progression, nationally and internationally, are huge. In a globalised economy, becoming an actuary makes you part of a truly international network. 58% of IFoA’s student members are from outside the UK and the interconnectedness of finance means you’ll be able to work anywhere in the world.
Take a look at where you’ll start and where you could end up.
The IFoA has14,929 student members
82% of actuaries receive bonuses
The average salary for recent graduates in the actuarial profession is nearly £10,000 a year higher than for graduate starters in other roles.
Actuaries can earn up to:
Graduate / Trainee Actuary £33k
Newly Qualified £55k
Senior Partner / Chief Actuary £222k+
Profession for life
Supported by employer and IFoA
To read more from the official guide to actuarial careers please click here.
Secure your future in a career offering limitless opportunity. Find out more at www.actuaries.org.uk/become-actuary