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Actuary

Actuaries work with companies and government departments, to help them forecast long-term financial costs and investment risks.

Potential salary
£30,000 to £70,000
Working hours
37 to 39 a week
  • maths knowledge
  • analytical thinking skills
  • to be thorough and pay attention to detail
  • knowledge of economics and accounting
  • the ability to think clearly using logic and reasoning
  • the ability to use your judgement and make decisions
  • ambition and a desire to succeed
  • thinking and reasoning skills
  • the ability to read English
  • to be able to carry out basic tasks on a computer or hand-held device

Your day-to-day tasks may include:

  • analysing statistics
  • forecasting finances
  • testing financial options
  • assessing risks
  • using computers to build mathematical and statistical models
  • explaining findings to managers, government ministers or business clients

You could work in an office.

With experience, you could become a department manager and then a partner with a financial firm.

You could also specialise in a particular field, like life insurance or healthcare, or move into consultancy work, accountancy or banking.

You'll find more details about careers in the actuarial profession, training and case studies from the Institute and Faculty of Actuaries.

Data from National Careers Service.
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