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Actuaries work with uncertainty. Join us and you’ll help clients analyse how future events could affect them.

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Working in Actuarial as a Graduate

Actuaries work with uncertainty. You’ll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen. Just as important, you’ll develop a flair for presenting your findings in simple, easy‑to‑understand language. What’s more, early client exposure will broaden your experience and help you to develop the skills required to anticipate client’s needs. There are two business areas you can choose from – both among the leading actuarial practices in the UK: Actuarial Services and People and Organisation.

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The Actuarial Experience

In Actuarial Services you’ll help clients analyse how future events could affect them. You’ll work with clients from the insurance industry (both life and general insurance), but also from the banking sector (retail and investment), the healthcare sector, the public sector, as well as corporate clients from the non‑financial services sector like energy and utility providers. Your advice could cover everything from managing economic capital, risk management, mergers and acquisitions to company restructures, financial modelling and the viability of new products. Our Actuarial Services team sits within our Risk practice and is one of the largest growth areas including opportunities to join our team in Mumbai. Click here to find out more.

Our People and Organisation teams sit within our Tax practice and you’ll work in either our Pensions team or Reward and Employment team.

  • Reward and Employment teams help companies work out how to incentivise and reward their employees. As part of a multidisciplinary team, you’ll draw on your problem‑solving skills to advise clients in this complex and challenging area, using financial modelling and analytical techniques to develop and test reward structures that support business strategy, drive appropriate.
  • Our Pensions team work with a variety of companies, from large multinationals to private listed businesses. Using our market-leading pensions analytics tool and range of expertise, you’ll help clients develop and implement their pension strategy or benefit schemes, consult on how they should manage both liability and asset risks within their pension plans, negotiate with trustees on how to fund schemes, design plans to help employees save for retirement and advise on potential mergers or acquisitions.

Joining as a graduate

Your training combines on-the-job coaching and formal courses with study for professional qualifications. You'll divide your time between working in the office, visiting clients and studying.

During our five year programme, you’ll study with the Institute and Faculty of Actuaries. Once you’ve completed the exams, you’ll then be fully qualified and a Fellow of the Institute of Actuaries.

You’ll start working towards this during your induction training and it's a considerable commitment, calling for a great deal of self-discipline and motivation.

At PwC we no longer use UCAS tariff as an assessment tool for the majority of our undergraduate and graduate opportunities. However, the Institute and Faculty of Actuaries require you to have: 

  • Minimum Grade C in A Level mathematics or equivalent (Depending on your degree subject this A level requirement may be dropped) 
  • A second A Level in any subject at a minimum Grade C 

In addition to this requirement, PwC also require you to have: 

  • Achieved or be on target for a 2.1 in any degree discipline 
  • We determine whether you're on course for a 2.1. based on the grades you achieved in your last completed year of academic study.  

If you would like to find out more about the requirements for the IFoA please refer to the following link -

Life as an Actuary

Compared to traditional Actuarial firms, with PwC you’ll gain practical experience of working with multidisciplinary PwC practices such as tax, accounting, regulatory, business recovery or deal experts on a wide range of client projects. This will help you develop analytical, technical, communication, consultancy, project management and networking skills while building your business awareness and industry knowledge. 

As an associate, you’ll work on a variety of clients so you build a global commercial awareness across different financial (and non-financial) institutions. From day one, you’ll have project management responsibilities and will be given opportunities to present the results of your statistical modelling to senior colleagues and clients. To support you in your exams, you will be given time off to study. As well as a study mentor, you’ll have a large network of other actuarial students there for support and celebrations for exam passes.

We’re proud of our inclusive culture and have a strong focus on well-being. An important job for an associate is to organise social events for their team that could range from go-karting, escape rooms or dinner out.

The future of Actuarial 

The era of AI is an exciting time to start a career as an actuary. With access to data increasing, so is the demand for actuarial expertise. The growing capability of machine learning reduces the time spent processing and cleansing data, and increases the focus of the actuary’s role to challenging assumptions and results. The crucial skill of an actuarial consultant will be the ability to demystify these models to clients and clearly communicate the conclusions that can be drawn from data trends.


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