One of the advantages of working as an actuary is the financial reward, but just how big is that financial reward? We, along with Hays, have provided an overview of the expected earnings for actuaries, from graduates through to senior partners.
Salaries rose at many levels of the actuarial profession throughout 2018, particularly for those at a higher level. Hiring has remained steady, and the starting pay for graduates is higher than the UK average salary. This rises as you become qualified and, as you can see, salaries can get well into six figures for more senior partners.
While the early years of your actuarial career are demanding, they are bolstered by excellent pay packages and generous support from your employer.
A career as an actuary is a desirable one and is often referred to as one of the best professions to work in. There are many reasons for this including salary, job security and satisfaction. That’s not to mention that many finance companies tend to offer extensive benefits packages such as private health care, gym memberships and life assurance.
Actuarial Salaries by Seniority
|Senior Actuarial Analyst/Consultant||£54,500|
|Chief Risk Officer||£188,714|