Company HQ location: London, Greater London
Other locations: Edinburgh, City of Edinburgh;
Industry: Financial services
No of employees: 31938
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.
Actuaries will usually work in the following businesses:
- Insurance companies
- Consultancy firms
There are opportunities nationally and internationally. Within those companies you would work in the areas of:
- General Insurance
- Health and Care
- Life Insurance
- Risk Management
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