Actuary

#1

Can I get in to this field as an Economics student?

Is qualifying as an actuary with a Big 4 firm the best way to become an actuary, given that I do not have an Actuarial Science degree?

What alternatives are there aside from getting an actuarial qualification with an Accounting firm?

#2

See our wiki page on [[Insurance & Actuarial]]. Yes, wou can be an actuary with an economics degree, as long as you have excellent maths skills, and can show evidence of this to your prospective employer.

You could join a [[big 4]] firm, or an insurance firm, or another firm from this [[list of insurance and actuarial firms]]. Don’t worry too much about not having an actuarial science degree.

Alternatives would be self-study on an actuarial course whilst working somewhere else, but really, you might as well joing a graduate actuarial training programme, where your employer would pay for/cover the costs of this course themselves.

#3

Lots of the insurance firms run their own graduate programmes for Actuaries and will pay for all exams and study support etc. Typically it takes 5 years to become an actuary and it’s expensive to qualify so I wouldn’t recommend self-study.

I also think qualifying in a company will give you more varied experience as you will have the opprtunity to work in the different types of actuarial fiels. I must admit that I only have experience of actuarial work in non-life insurance firms (particularly Lloyd’s insurers) but I think the range of business makes it more interesting as you can will be working on anything and everything from ships, satellites, political risk and fine art.