Finance & Economics

Actuary

Uses mathematics, statistics, and probability to assess and price financial risk, especially in insurance and pensions.

Also known as: Actuarial Analyst

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What you do

Builds statistical and financial models to estimate the probability and cost of future risks such as death, illness, accidents, or financial loss, and uses this to price insurance products or manage pension and investment risk. Requires passing a long series of professional actuarial exams alongside work experience.

Typical work environment

Office-based analytical work within an insurance company, pension fund, or consulting firm, working closely with underwriting, finance, and product teams.

Typical entry point

Actuarial trainee or analyst at an insurance company, pension fund, or actuarial consulting firm, studying for professional actuarial exams alongside the job

Relevant subjects

Core

Mathematics

Also relevant

EconomicsComputer Science

Relevant interests

Core

FinanceResearch

Also relevant

AI / Data

Useful skills

Data analysis· AdvancedAnalytical thinking· AdvancedExcel· AdvancedProblem solving· Advanced

These are useful, relevant skills to build over time — not a checklist you need to already have.

Common education routes

Bachelor's degree—Actuarial SciencePrimary route
Bachelor's degree—StatisticsPrimary route
Bachelor's degree—MathematicsCommon route

These are common routes in, not the only path — and not a university or course recommendation.

Career characteristics

High job securityDeep technical specialisationStrong salary potentialGood international mobilityResearch-intensive

General tendencies for this career, not a guarantee — actual roles vary by employer and location.

Industries

BankingInvestmentConsulting

Tags

STEMAnalyticalOffice-basedResearch-heavy

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