- What do researchers do? Labour market information
- Occupational information
- Other common doctoral occupations
Between 2006 and 2009, 0.3% of employed doctoral graduates, or 50 doctoral graduates in total, are known to have been working as actuaries six months after graduation.
Actuaries are classified in the ‘other common doctoral occupations' cluster of doctoral employment.
Actuaries evaluate, manage and advise on financial risks. They apply their knowledge of business and economics, together with their understanding of probability theory, statistics and investment theory, to provide strategic, commercial and financial advice.
Actuarial work can be diverse and ranges from highly technical roles developing complex financial products in investment banks or pensions and insurance companies to consultancy roles for those seeking a client-facing career.
Actuarial trainees may begin work as trainee pensions consultants or risk analysts while at the same time studying for professional exams. Senior actuaries can be found in consulting firms as partners, in large banks as chief risk officers or in board level positions in insurance companies and other financial services organisations.