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Actuary Average UK Salary & Prospects

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

  • Evaluate information on applications to verify completeness and accuracy and to determine whether applicants are qualified to obtain desired licenses.  
  • Collect prescribed fees for licenses.  
  • Verify the authenticity of documents, such as foreign identification or immigration documents.  
  • Question applicants to obtain required information, such as name,
Read more about Actuary

Actuarys typically work around 37 to 39 hours per week.

As a Actuary you will typically work between 8am and 6pm.

This occupation tends to be:

  • Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising — Enterprising occupations frequently involve starting up and carrying out
  • Read more about Actuary
    * from ONETonline
    Average salary
    56,442 GBP *
    per year
    30,000 GBP
    70,000 GBP
    Starting
    5+ Experience
    * data taken from the Office of National Statistics (ons.gov.uk)
    Average salary for Actuary

    Men make 19% more than Women
    73% of Actuarys are men
    Big gender gap
    • 58,996 GBP
    • 47,583 GBP
    Average salary for full-time Actuary

    Showing:
    • 56,442 GBP
    • 47,583 GBP
    • 58,996 GBP
    Pay over time for Actuary

    Pay for this role has decreased slightly over time
    • 62,070 GBP
    • 62,603 GBP
    • 64,136 GBP
    • 60,058 GBP
    • 56,442 GBP

    Future outlook for Actuarys

    pointer
    Balanced outlook
    30 000+ jobs available
    pointer
    Fair outlook
    -2% yearly wage growth (on average)
    pointer
    Very good outlook
    23% chance of automation in the future

    Actuary - Your future job?


    Which qualifications do I need?

    Find out what you need to know in order to become a Actuary and the highest average level of education for people in this role.

    In terms of people already doing this job:

    • 55% of people in this role have GCSEs or equivalent
    • 15% of people in this role have a certificate of higher education or equivalent but no degree
    • 12% of people in this role have a Bachelor's degree

    You may be able to switch to actuarial work from a related profession, like risk management, financial services or business analysis. You would then follow an employer training programme to qualify.


    Get the right qualification to begin your journey to becoming a Actuary

    Financial Risk

    What soft skills do I need?

    Rise above the competition by brushing up on the 5 most important soft skills you need to become a Actuary.
    Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times
    Speaking Talking to others to convey information effectively
    Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making
    Coordination Adjusting actions in relation to others' actions
    Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems

    What technical skills do I need?

    Technical skills are programmes, softwares and things you need to know in order to be a successful Actuary. Check that you know:
    1
    Electronic mail software Microsoft Outlook
    2
    Office suite software Microsoft Office
    3
    Presentation software Microsoft PowerPoint
    4
    Spreadsheet software Microsoft Excel
    5
    Word processing software Microsoft Word
    Improve your skills today

    Financial Risk

    Things to highlight for your Actuary interview

    Dependability Job requires being reliable, responsible, and dependable, and fulfilling obligations. Cooperation Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. Attention to Detail Job requires being careful about detail and thorough in completing work tasks. Self Control Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. Social Orientation Job requires preferring to work with others rather than alone, and being personally connected with others on the job.

    Not sure if you are in the right job?

    Take our career change quiz