Career outlook for actuary
UK Salary Ranges
Currently employed in Scotland
What's it like?
You would gather and analyse data to judge the probability and risks of different future scenarios.
You'd advise managers in companies and public bodies so they can make responsible decisions about how to spend the organisation's money.
You'd work with a lot of data and statistics. You'd research, analyse and interpret the data to forecast long-term financial costs for companies and governments.
- Analyse past events, for example accident rates or medical data to analyse risks
- Forecast the future financial outcomes of various situations
- Use computers to build mathematical and statistical models
- Explain your findings to government ministers or business clients
- Keep up to date with the financial and business worlds
If you work in an insurance or pensions company you would design these financial products so that the companies can pay out money to customers when they need it but still make a profit for the company.
As a consultant you'd advise clients on major financial risks such as investing their money in the stock market or buying a business.
If you work for the Government Actuary's Department you'd advise other departments on the costs of policies like benefits, state pensions and healthcare.
You would work closely with other professionals such as insurance underwriters, investment managers and accountants.
UK employment status
Create a qualification route
We've found some examples of the qualifications that could help you get this job.Discover my route
Search course options
Thinking about your future? There are lots of courses available that could interest you. Use our course search to explore course options.Find courses
Search job opportunities
If you're looking for your new career our job search can help you. Discover interesting opportunities and decide your next steps.Find a job
Here are some of the skills needed for this job. Sign in to see how your skills match up.
- Problem solving
- Working with numbers
- Attention to detail
- Making decisions
Your skills can help you choose the career that's right for you. You can build your skills through work, study or activities you do in your spare time.
To understand more, have a look at What are my skills?
Our Skills Explorer tool will help you understand what skills you have and match them to jobs that might suit you.Use the Skills Explorer tool
Entry requirements for courses can change. Always contact the college, university or training provider to check exactly what you'll need.