What does a Graduate Actuarial Analyst do?

Actuarial analysts use statistical models to analyze data and assess risk. They are employed in many industries, particularly in insurance, to utilize their knowledge and skills to design and price insurance policies. Actuarial analysts use advanced statistics and modeling to understand data and assist actuaries. They produce reports on findings and identify liabilities and risks. They also identify trends and methods for designing and pricing insurance policies while verifying data sources and identifying new sources of data.

Actuarial analysts develop financial projections, cost-benefit analysis, and insurance plans using statistics, modeling, and risk management strategies. Many actuarial analysts present their data and analysis directly to decision-makers within organizations, including executive leadership and management personnel, to answer questions about particular forecasts or models. Actuarial analysts need a minimum bachelor's degree in mathematics, statistics, or actuarial science.

Education--
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience0-1 Year

Graduate Actuarial Analyst Salaries

Average Base Pay

£38,812 /yr
Same as national average
Not including cash compensation
See More Insights
Not enough salaries reported to show distribution
£27K
Median: £39K
£55K
See More Insights
Glassdoor Estimated Salary

Graduate Actuarial Analyst Career Path

Learn how to become a Graduate Actuarial Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

See Career Path

Graduate Actuarial Analyst Insights

Read what Graduate Actuarial Analyst professionals have to say about their job experiences and view top companies for this career.
Marrone Bio InnovationsMarrone Bio Innovations
Senior FIN Analyst
30 Nov 2021

“Exposure to important projects and to work with upper management at any point in your career”

MercerMercer
Actuarial Associate
27 Jan 2021

“The people are intelligent and amazing to work with.”

Liberty Mutual InsuranceLiberty Mutual Insurance
Actuarial Analyst
25 Dec 2021

“Job is stable and secure.”

Farm Mutual Reinsurance PlanFarm Mutual Reinsurance Plan
Actuarial Analyst Intern
9 Jan 2021

“People are nice and friendly.”

Gen ReGen Re
Actuarial Analyst
13 Jul 2021

“Nice place to work and fast paced”

Panin Dai-ichi LifePanin Dai-ichi Life
Actuarial Analyst
1 Sep 2021

“slow career growth and progress”

Independence Blue CrossIndependence Blue Cross
Actuarial Analyst
19 Apr 2021

“Excellent work and life balance”

NBC (South Africa)
Junior Actuarial Assistant
24 Aug 2021

“There wasn't really formally training for the role but it's mainly because of the nature of the job.”

See More

Graduate Actuarial Analyst Interviews

Related Careers

Actuary
£67,921
No skills overlap
Research Assistant
£28,799
No skills overlap
Researcher
£30,565
No skills overlap
Data Analyst
£32,899
No skills overlap

Graduate Actuarial Analyst jobs

Frequently asked questions about the role and responsibilities of a graduate actuarial analyst

The most similar professions to graduate actuarial analyst are:
  • Actuary
  • Research Assistant
  • Researcher
  • Data Analyst