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Why become an actuary?

An actuarial career is enormously intellectually satisfying

Actuaries possess unique mathematical, analytical, communication and management skills.  These skills lie behind many high-level strategic decisions made by large companies and governments, and can have a significant impact on legislation, businesses and peoples' lives.  

Actuaries combine good business sense with safeguarding the public's financial interests whilst upholding the highest professional standards.

An actuarial career is financially rewarding

Average graduate salaries in the recruitment market are £33,000 (High Fliers Research). Find out more about actuarial salaries.

Actuaries enjoy a good work/life balance

Compared to other financial professions such as banking, an actuarial role enables you to balance a rewarding career with your other interests in life.

Actuaries are a respected professional global community

When you join the Institute and Faculty of Actuaries (IFoA) you join a profession which has over 32,000 members around the world and a professional body that is committed to its members’ on-going professional development.

The IFoA's qualifications are recognised internationally and the skills you acquire in attaining them will enable you to work in many countries around the world.  In addition, the IFoA has Mutual Recognition Agreements with overseas actuarial professional bodies, so once you have qualified, it is often easy to transfer to another professional body.

I enjoy my job, in fact, I love my job! I first heard about the actuarial profession from my A level Mathematics teacher. He described it as “… the perfect career for maths lovers!”

Prudence Maseko

Reliance Mutual, Tunbridge Wells, United Kingdom

Watch the pros and cons of becoming an actuary

 

IFoA members grow effective and long-lasting professional networks by joining our regional societies in the UK and overseas, getting involved in conferences and other events, and volunteering.

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Contact Details

You can contact the Careers team at:

careers@actuaries.org.uk

Institute and Faculty of Actuaries, 7th Floor Holborn Gate, 326-330 High Holborn, London WC1V 7PP

We aim to respond to all enquiries within five working days.

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Events calendar

  • GIRO 2020 Virtual Conference

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

     

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.