So who are the actuaries?

We all know how unpredictable the weather is and how devastating its effects can be. The weather is just one area the actuary may need to understand to be able to predict risks for business, investments or for insurance.

As experts in risk, actuaries use their skills in maths and statistics to model the world around them. Models are used to help measure the probability of future events, from where and when storms may hit, to the risks associated with investments.

Actuaries work in a broad range of industries including healthcare, pensions, insurance banking or investments where a single decision can have an impact of millions - and sometimes billions - of pounds.

5 steps to getting there

Life as an actuary is interesting, varied, enjoyable and well-paid. It takes talent and a lot of hard work to get there (between 3-6 years to qualify), but the end result is well worth the effort.

Step 1 - Take an A-Level or Higher in Maths
The first thing you'll need is an A-level, Higher or equivalent in maths. Remember, taking maths will broaden your career options even if you change your mind.

Step 2 - Get a good degree
For the majority of actuarial employers, a good degree (2.1 or higher) is essential. Any subject is acceptable, but employers prefer candidates with numerate degrees such as actuarial science, maths, stats, economics, engineering, chemistry or physics.

Step 3 - Find a trainee position
Once you have completed your degree you join an actuarial firm and develop your actuarial and business skills whilst you qualify. Your careers adviser can help, as well as the Actuarial Profession, which provides a list of actuarial employers offering work experience and looking for trainees.

Step 4 - Get qualified
This usually takes 3-6 years, on passing, or gaining exemption from, the professional exams. Exams cover topics such as statistical modelling, economics and financial actuarial maths. You study by distance learning, taking the exams twice a year. Many employers offer support for study including, in some cases, paid study leave whilst you are training.

Step 5 - Enjoy a job anywhere in the world
Once you're qualified, actuarial skills can take you anywhere. There's a huge variety of exciting careers waiting for you.

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Actuaries in a nutshell

• It's all about managing risk
• It's as highly regarded as medicine, architecture and law
• It's a global profession with internationally recognised qualifications
• You'll need an A-level or Higher in maths and a good degree (2.1 or above)
• It takes 3-6 years to qualify