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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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E.g., 26/10/2021
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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services. 

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
     

  • The Many Faces of Bias

    2 December 2021

    Spaces available

    This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace.  Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular.  We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?