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Becoming an Actuary

 

It is a difficult road to qualify as an actuary but the rewards are well worth the effort.

Step 1 – Have a strong mathematical capability

You'll definitely need this to become an actuary. But it's worth noting that whatever you eventually decide to do, taking maths will broaden your career options.

Step 2 - Get a good degree

Students can enrol directly into university for an actuarial science degree.  This will enable you to write a number of the examinations required to qualify as an actuary. 

The actuarial profession is also open to individuals in other careers.  You can join the actuarial profession and write the examinations with any mathematical based degree.

Step 3 - Find an actuarial trainee role

Join an actuarial firm and develop your skills while you qualify. There is no age limit for joining the profession. If you're interested in changing from another career or profession, we usually recommend you undertake one or two of our examinations independently, to assess your skills. Your experience in your current career may be valuable to an actuarial firm, and you may wish to contact actuarial employers directly to discuss your potential.

Step 4 - Register as an actuarial student and gain your qualifications

To become an Fellow of Actuarial Society or an Associate of the Actuarial Society you must pass our examinations, or be granted exemption from them, and also attain a satisfactory level of work-based skills. This usually takes between three and six years. You study by distance learning, and many employers offer support for study, some offering paid study leave during your training.

In the student zone section of this website you can learn all about the qualifications you need to enter the profession, how and when to apply for student membership, and you can download and complete an application form.

Our qualifications structure shows you what exams you need in order to qualify as an Associate or Fellow of the Profession. The Student Handbook is a helpful resource in outlining the route through the exams we recommend.

Step 5 - Enjoy a job anywhere in the world

Within the actuarial profession there are many different and exciting career paths, and once you're qualified, your skills can take you anywhere. Some actuaries specialise in technical research, while others may focus more on commercial activities. Some go on to be practising specialists in one of the traditional financial fields, with others becoming senior managers in insurance companies or firms of consultants.