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Deloitte
Summary

Actuarial

After university are you looking for a challenge? If so becoming an actuary is a career option worth considering. High-flying, high-paying and big on rewards being trained in the actuary profession could offer you the pick of work across the globe.

The actuary profession is all about risk-taking financial risk-taking that is! Looking at numbers and information from different things of a company might invest, and working out the risk if the company should choose to put their money into it. With statistics, trends and personal experience it is an actuary's job to make these decisions. This makes an actuary a kind of investment soothsayer, reading the future.

An actuary works in companies that manage investments, particularly insurance and pensions. An actuary can also advise on business mergers and takeovers.

Money-wise, the actuary profession is one of the best paying careers around, because of the importance placed on an actuary's advice it is taken very seriously by companies. The skills you receive when training for the actuary profession are recognized internationally so this career can take you anywhere in the world.

Joining a professional organization such as The Actuarial Profession is the best way to enter the sector. To qualify as a member you will need to take an exam. You can work as a trainee actuary while you complete your professional qualifications, which means you can earn while you learn. It can take between three and six years to qualify, and the exams can be very demanding but for the potential financial rewards it is more than worth the effort.
Type of Jobs
Actuarial assistant
Actuarial pensions manager
Capital actuary
Head of risk
Investment analyst
Life actuary
Pricing analyst
Senior research analyst
Solvency actuary
Salary
Salary while training: around £31,000

Salary after training: £40,000-£50,000
Qualifications
A-level Maths followed by a Degree in Maths, Statistics, Actuarial Science, Economics, Accounting or Finance are needed to enter into the actuarial profession. You must also have a good knowledge of calculus, probability and statistics. You will also have to take a series of biannual actuarial exams that can take up to 10 years to complete.
Skills Needed
A good head for figures is essential for an actuarial career as actuaries apply statistical and financial theories to solve real business problems. Excellent communication and interpersonal skills are also a must to be able to work well with others. You must also be familiar with economics, computer science and the business environment generally. Knowing the latest financial and economic news is a must, which will help you as you determine the risk in different kinds of investments.