‘Being an actuary is the best job you probably haven’t heard of’ – Philip Arthur, XPS Pensions Group.

Actuaries analyse past and present data to solve real business problems. Much of an actuary’s work is about risk management; assessing how likely an event may be and the costs associated with it.

Actuaries therefore need to develop a deep understanding of how businesses operate. Not only do they need to have a high degree of commercial and economic awareness, but actuaries also need to keep up to date with legislative changes and long-term demographic trends.

Every area of business, especially in the finance industry, is subject to risks so an actuarial career offers diverse employment options, including banking, insurance, pensions, investment, plus more. Read the ‘Why become an Actuary?’ article for more benefits that the actuarial profession offers.

The actuarial profession demands a high level of academic attainment, regardless of whether you are a graduate or a school leaver. You can find out what entry requirements are needed to become an actuary by reading the ‘Entry requirements to become an Actuary’ article.

When training as an actuary, you’ll learn how to analyse data, evaluate financial risks and communicate this information to non-specialists.

If you have strong mathematical skills, are an innovative thinker and are a skilful problem solver, then an actuary could be the perfect role for you.

Find out more about what skills are needed to become an actuary by reading the ‘Essential Skills to become a successful Actuary’ article.

About the Author

  • Name: IFoA

The IFoA is the UK’s only chartered professional body dedicated to educating, developing and regulating actuaries based in the UK and internationally.

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