If you really love maths and want a rewarding career where you can really make a difference, the actuarial profession is for you!
Actuaries are problem solvers and strategic thinkers, who use their mathematical skills to help measure the probability and risk of future events. They use these skills to predict the financial impact of these events on a business and their clients.
Business and government increasingly depend on the skills of actuaries and analysts to help them model and plan for the future. As the world changes at an increasingly rapid pace, risk management expertise can help businesses navigate this evolving landscape. Discover your strengths and find out if you could become an actuary in our online personality quiz.
What is an Actuary? Watch our members explain!
Actuaries possess a unique mix of mathematical, analytical, communication and management skills. They apply their abilities to create social impact, inform high-level strategic decisions and have a significant impact on legislation, businesses and peoples' lives.
Actuaries are creative, curious and adaptable and it’s this learning mindset that helps them succeed in the digital age. Actuaries’ unique combination of technical skills and professional acumen ensure they will continue to make a difference, guarding against the impacts of future uncertainty.
Find out more about where the actuarial profession can take you in our blog What actuaries actually do.
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!
Although actuaries are often associated with traditional fields such as life, pensions and insurance, there are an increasing number of actuaries moving into a hold range of new areas. Health, banking and finance, technology and climate change are just some of the areas where you can now find actuaries.
The rise of artificial intelligence and data science are challenging actuaries to think differently and are creating new opportunities that previously never existed. Whether you work in in-house within an organisation or in a consultancy firm supporting different clients, you will enjoy a financially rewarding career where can grow, develop and be challenged.
Take a look at our Employer Directory to discover more about where actuaries work.
What does the future hold for actuaries?
Being an actuary means having the opportunity to apply highly valued mathematical skills and expertise in a diverse, exciting and challenging career that really makes a difference. Your hard work is rewarded with a highly competitive salary and a good work/life balance in comparison to similarly paid professions in the financial services, such as investment banking.
Find out how the actuarial profession compares to other career paths
As a member of the Institute and Faculty of Actuaries (IFoA) you will be part of a globally recognised profession. Our qualifications are internationally-recognised and will enable you to work in many countries around the world. The IFoA also has Mutual Recognition Agreements with overseas actuarial professional bodies, so once you have qualified, it is often easy to transfer to another professional body.
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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.
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.
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.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
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.
Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.
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.