Becoming an actuary
What exactly is an actuary? In this section of the website we will answer that question, and provide you with information and advice about becoming one.
Broadly speaking, actuaries use their mathematical skills to help measure the probability and risk of future events. This information is useful to many industries, including healthcare, pensions, insurance, banking and investments, where a single decision can have a major financial impact.
The actuarial profession is global, with internationally-recognised qualifications. It is also very highly regarded, in the way that medicine and law are, and an actuarial career can be one of the most diverse, exciting and rewarding in the world. In fact, due to the difficult exams and the expertise required, being an actuary carries quite a reputation.
People who work as actuaries come from all sorts of backgrounds, though clearly they share a love of maths. Actuaries are problem solvers and strategic thinkers with a deep understanding of financial systems. On the way to achieving a qualification, you'll develop these and other key skills - analysing data, evaluating financial risks, communicating clearly - through exams and work-based training.
Becoming an actuary - in summary
- Suits those with skills in maths and statistics.
- You'll need an A-level or Higher in maths, or equivalent and a good degree.
- Actuaries help organisations measure the risk and probability of future uncertain events.
- It takes on average three to six years to qualify.
- It's a highly regarded, well-rewarded profession with internationally-recognised qualifications.
