Finance and accounting
Actuary and economist jobs
Pricing risk and modelling what happens next, in insurance, pensions, consultancy or government.
£53,342 median full-time pay, UK, ONS 2025
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Actuary and economist jobs across the UK
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Actuary and economist jobs across the UK: be first to hear
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Open adverts for Actuary and economist jobs across the UK, as a plain list
Published pay
What actuary and economist jobs pay
Median full-time pay for actuaries, economists and statisticians was £53,342 across the UK in 2025. Full-time work of every kind had a median of £39,039, so this occupation sits about 1.4 times that. It is a median, so half of those jobs paid less, and it describes the occupation nationally rather than any advert on this page.
That figure is the reason this role is on the board. Every role here has a published ONS median full-time salary at or above £50,000, and it is checked against the ONS table each time the site is built rather than asserted in the copy. A role that stopped clearing it would stop the build.
Pay varies more by region than most people expect. ONS publishes it for groups of related occupations rather than single job titles, so the table beside this covers management consultants, business analysts, marketing and commercial managers, actuaries, economists and statisticians, not actuary and economist jobs alone.
Median full-time pay by region, 2025
| Region | Median full-time pay |
|---|---|
| London | £58,597 |
| South East | £51,583 |
| East of England | £51,757 |
| South West | £49,875 |
| West Midlands | £45,670 |
| East Midlands | £42,864 |
| Yorkshire and The Humber | £42,974 |
| North West | £45,866 |
| North East | £39,118 |
| Wales | £43,467 |
| Scotland | £45,516 |
Why there are no area pages for this role
The census is the only source that publishes occupation down to local authority level, and it publishes it in groups of related jobs rather than one job at a time. Actuary and economist jobs sit in group 243, alongside commercial manager jobs, management consultant jobs.
So there is one number for all of them in any given area. Building a page per role per area would mean the same figure appearing under several different headings, in 175 places each, which is the doorway pattern this site is built to avoid. One role carries the local pages for the group and the rest say so plainly.
For local figures on this group, see management consultant jobs. The pay figures above are specific to actuary and economist jobs and are not shared with the rest of the group.
Actuary or economist: the full picture
The exams are the job, for a while
Actuarial qualification through the Institute and Faculty of Actuaries takes most people several years alongside full-time work. Employers fund it and give study leave, and the exemption you did or did not get from your degree makes a substantial difference to how long it takes.
It is worth being honest with yourself about this before you start. The failure rate on individual papers is high, the sittings are twice a year, and progression and pay are both tied to exam progress in a way few other professions replicate.
Economist roles outside the actuarial track
Economists work in government departments, regulators, banks, consultancies and think tanks. A postgraduate degree is close to standard and the work divides between modelling and written advice, usually more of the second than people expect.
The Government Economic Service is a large single employer and runs its own recruitment with its own timetable. If public policy is the draw, that is the route to understand first.
Before you apply
- A quantitative degree, and for actuarial work the IFoA exams
- Right to work in the UK
Actuary or economist jobs: common questions
Does actuary or economist work pay more than £50,000 a year?
On the national figures, yes, and that is why the role is on this board at all. Median full-time pay for actuaries, economists and statisticians was £53,342 across the UK in 2025, against £39,039 for full-time work of every kind. It is a median, so half of those jobs paid less, and it says nothing about what any individual advert pays.
What qualifications do I need to work as a actuary or economist?
A quantitative degree, and for actuarial work the IFoA exams. Right to work in the UK.
Where does AboveMedian have local figures for actuary and economist jobs?
Nowhere, and the reason is worth stating. The census publishes occupation in groups of related jobs, and actuary and economist jobs share a group with commercial manager jobs, management consultant jobs. Local pages for each of them would show the same figure under different headings, so only one role carries them. For local figures on this group, see management consultant jobs. Adverts themselves are UK wide.
Do you decide who gets sent to an employer?
No. You read the adverts, you choose one, and you apply to that employer yourself. Nothing on this site forwards a person to a job they did not apply to, and no employer is given a list of people.
What does it cost to use?
Nothing, ever. It is always free for job seekers, and employers pay to advertise. There is no premium account, no paid profile and no fee of any kind on the job seeker side.