The Institute and Faculty of Actuaries : Actuary
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.
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.
The UK actuarial qualification is highly valued throughout the world. Of the qualified members of the UK profession, 60% are UK based, with the remainder overseas. The IFoA works with other international actuarial bodies to arrange reciprocal recognition of the professional qualifications between the different bodies.
Why become an actuary?
- Financially rewarding – starting salaries are around £33,000
- You can enjoy a good work/life balance
- It can take you anywhere in the world
- You are recognised as a professional in one of the most niche industries around
- You will belong to a professional body and are therefore heavily respected