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The Institute and Faculty of Actuaries (IFoA) is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally.


What is an actuary?


Actuaries are highly regarded professionals; actuaries are problem solvers and strategic thinkers with a deep understanding of financial systems.


Being an actuary means having highly valued mathematical skills and expertise

Actuaries come from different academic backgrounds but share a love of maths even if they haven’t done a maths degree. When you train as an actuary you’ll learn how to analyse data, evaluate financial risks, and communicate this data to non-specialists.


Actuaries use their skills to help measure the probability and risk of future events

Every area of business is subject to risks so an actuarial career offers many employment options, including banking, insurance, healthcare, pensions, investment but also non-financial areas.


An actuarial career can be one of the most diverse, exciting and rewarding in the world

Members of the Institute and Faculty of Actuaries (IFoA) are part of a globally recognised profession and have internationally-recognised qualifications.




To qualify as an actuary you need to apply to become a student member of the Institute and Faculty of Actuaries (IFoA). You then need to pass our exams, or obtain exemptions from them and gain satisfactory level of work-based skills.


It’s essential that you have excellent mathematical skills

Most actuaries start their training after they graduate by joining an actuarial firm as a trainee. Being in a actuarial job will develop your skills which will help you with your exams.


Most UK actuarial employers will be looking for trainees with a good degree (2:1 or above)

Employers favour candidates with degrees in a numerate subject such as mathematics, statistics, economics, engineering, chemistry, physics or actuarial science.