Is actuarial a good career UK?

Is actuarial a good career UK?

An actuarial career offers a great deal of flexibility, and although an actuary may choose a particular area of specialisation such as consultancy, investments, life assurance, general insurance, pensions or reinsurance, it’s still possible to change areas later in your career.

What is the career path for an actuary?

While an actuarial career can start with a bachelor’s degree in any subject, most actuaries choose a major in mathematics, actuarial science, statistics, or another analytical field. Coursework in economics, statistics, and corporate finance is key to achieving professional certification.

How long does it take to become an actuary in UK?

The average person will take between 6-8 years to qualify as an Actuary (if they have no exemptions at the start of their actuarial career). With university exemptions the length of time would be expected to be less.

How hard is it to become an actuary UK?

Becoming an actuary in the U.K isn’t such an easy task. It demands a lot of patience and diligence to pull through. However, it’s always worth it in the end. According to Prospects, the average salary of an actuary is £32,000.

What Gcses do you need to be an actuary?

GCSE

  • 5 GCSES at Grade A/7 or B/6 (both numeric and letter grade) including:
  • Mathematics (usually a Grade 8)
  • English Language is required at GCSE level with a minimum Grade of C / 4.
  • Other applicants will be expected to demonstrate a broad general education and will be considered on a case by case basis.

What is the best degree path to becoming an actuary?

To become an actuary, the most common path is to: 1. Earn an Undergraduate Degree. The most direct educational path is an undergraduate actuarial science degree. Another common approach is to complete a bachelor’s degree in finance, economics, or commerce.

What are the prospects of a career as an actuary?

Life insurance

  • General insurance
  • Reinsurance
  • Consulting
  • What does it take to become an actuary?

    Get Your Bachelor’s Degree The first step in becoming an actuary is to get a Bachelor’s degree.

  • Pass Your First 2 Exams The second step that you’ll need to complete in order to become an actuary is to pass two actuarial exams.
  • Improve Your Technical Skills Next you’re going to need to work on your technical computer and programming skills.
  • How do I become an actuary?

    evaluating the likelihood of future events.

  • reducing the impact of undesirable events.
  • designing creative ways to reduce the likelihood of undesirable events.