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Actuarial apprenticeships

If you love using maths and data to solve complex problems and want to earn while you learn, an Actuarial apprenticeship could be the right path for you

Actuarial Technician apprenticeship

The Actuarial Technician (Level 4) apprenticeship is an entry-level role into the financial sector. You will work as part of a team, supporting qualified actuaries using data to provide solutions for clients. You’ll also develop key business skills through a combination of work-based training and professional exams.

Apprenticeships normally last 2-3 years depending on your previous experience, how quickly you progress through the exams and the opportunities you have to practice your skills.

You can find out more about entry requirements, what you'll learn and how the Level 4 actuarial apprenticeship programme is structured in training provider BPP's Actuarial Technician apprenticeship web page

Finding an Actuarial Technician apprenticeship

The qualifications and other entry requirements employers look for will vary – we recommend that you contact employers directly to confirm exactly what they are looking for.

Competition for apprenticeships can be high so make sure you have the grades that companies have requested before applying. Relevant work experience and a strong application will help you stand out.

 

"I discovered actuarial apprenticeships on The Government Apprenticeship website and haven’t regretted following it up! I work in a great team on varied work and I’m constantly learning new skills. It’s exactly the kind of hands-on learning I find most stimulating."

Megan Robinson, Zurich Insurance Group

 

You can find information and contact details of companies offering actuarial apprenticeships in our Employer directory.

Job sites like Inside Careers and Actuarial Careers also advertise actuarial apprenticeships, as well as placements, internships and graduate trainee schemes.

You can also find out more about apprenticeships and search for apprenticeships near you on the gov.uk apprenticeships website and the UCAS website

Actuarial Higher Apprenticeships

The Higher Level Apprenticeship (Level 7) will give you formal training alongside your studies for our exams.

Apprenticeships are offered to both graduates and non-graduates and vary in length depending on whether you are eligible for any exemptions based on your previous qualifications. The apprenticeship will typically last for 3.5 years if you don’t have any IFoA exam exemptions, but will reduce by six months for every two subjects you have exemptions for.

By pursuing an apprenticeship you’ll gain formal training, fulfilling our Personal Professional Development (PPD) requirements while studying for your exams. 

You can find detailed information on Actuarial Higher Apprenticeship programme, including the programme structure, what you will learn and the support you will can expect on training provider BPP's Actuarial Apprenticeship web page.

Bethan Goddard, a Trainee Consultant at Barnett Waddingham, shares her experience of securing an actuarial internship and some helpful tips.

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Events calendar

  • 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.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • 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

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • 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.