Actuarial recruitment agency listing
Actuarial professionals use their financial skills to solve business problems. They help to evaluate the financial implications of important decisions so that businesses can forecast for the future.
The vast majority of entrants to actuarial work are maths, actuarial science, economics or finance graduates. To study for a degree in a numerate subject, at least two A levels, including maths, and five GCSEs are required. Some actuaries have a postgraduate qualification in a numerate subject.
To work in actuarial jobs, graduates must become Fellows of the Faculty of Actuaries or Institute of Actuaries. Once they enter into employment as actuarial trainees, they are trained by their employer and are expected to study for professional exams.
Actuarial jobs can be found throughout the UK, although vacancies are more readily available in London and Edinburgh. Employers include consultancies, insurance companies, the banking sector, large commercial companies and the government departments. There is considerable competition for entry into actuarial employment and work experience will put candidates at an advantage. Vacancies for actuary jobs are advertised in sector publications and through recruitment agencies.
Starting salaries for graduate actuaries are around £20,000 a year. Staff may also receive other benefits, such as company cars and annual bonuses. With experience, actuaries may move between different specialties. Those working in large companies may be able to move into management positions. There are also opportunities for actuaries to work overseas.