What can I do with my degree in Actuarial Science?
Actuarial Science Careers
The occupations listed below are a selection of those which may interest students and graduates from the School of Mathematics, Statistics and Actuarial Science.
Actuaries apply mathematical and statistical techniques to business problems. They work out the degree of risk on life assurance policies, pensions and employee benefits and investments.
Tasks include: Calculating and advising on life assurance policies, pensions and employee benefits and investments; applying mathematical and statistical techniques to business problems by: computer work; writing letters, reports; filing; spreadsheets.
Employers: Actuaries work in life assurance, general insurance, actuarial consultancies, investment banks and for the Government Actuaries Department. Some Chartered Accountancy firms are now setting up actuarial departments.
Satisfactions include: Passing exams, able to achieve things, (i. e. valuation results), travel and working with people from other companies.
Negative aspects include: Studying for exams - very hard work - needs lots of motivation. Long hours.
Skills required include: Analysing, Investigating, Numeracy, Communication, Cooperating, Advising
Degree subjects: Actuarial science, mathematics, statistics, economics, operational research - mathematics based degrees, otherwise must have a very good grade at Maths A level. Need to show good communication and interpersonal skills as well as numeracy.
Please note that some of these careers may require further study.
For further information on these careers, see also:
- I Want To Work In
- Information on types of jobs from Prospects
- Information on career sectors from TargetJobs
People in some actuarial roles may be self-employed.
What do actuarial science graduates from the University of Kent do?
Every year the University of Kent participates in the Destinations of Leavers from Higher Education survey to find out what graduates are doing after finishing their courses. You can access this information here. Please note that this webpage is password protected and only accessible by University of Kent staff and students.
The examples shown reflect the destinations of students six months after graduation. Keep in mind that at this early stage some graduates may not have made long-term career choices or entered a graduate-level job role. You will find many examples of graduates who have entered graduate schemes and professional careers, but there may also be some graduates working in temporary employment or taking time out to volunteer, travel or gain appropriate work experience. The destination data is useful for generating career ideas and it also shows that as a Kent graduate you have a very wide range of career options open to you, whatever your degree subject!
The data is collected by UK universities and submitted to the Higher Education Statistics Agency (HESA), which publishes summary reports for all UK Higher Education Institutions. For more details about the DLHE process visit the HESA website
Destinations of Kent Actuarial Science Graduates
Visit the School of Mathematics, Statistics and Actuarial Science webpage
The degree programme pages also include career information:
Actuarial Science Mathematics
Mathematics and Statistics