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The Institute and Faculty of Actuaries

About The Institute and Faculty of Actuaries

Company HQ location: London, Greater London

Other locations: Edinburgh, City of Edinburgh;

Industry: Financial services

No of employees: 31938

Our company in a nutshell

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.

Life at The Institute and Faculty of Actuaries for interns & work placement students

Actuaries will usually work in the following businesses:

- Banking

- Insurance companies

- Consultancy firms

- Industry

There are opportunities nationally and internationally. Within those companies you would work in the areas of:

- General Insurance

- Health and Care

- Investment

- Life Insurance

- Pensions

- Risk Management

Benefits

Financially rewarding – starting salaries are around £25,000


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


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