Jobholders in this unit group apply theoretical principles and practical techniques to assess risk and formulate probabilistic outcomes in order to inform economic and business policy, and to analyse and interpret data used to assist in the formulation of financial, business and economic policies in order to maximise growth or improve business performance.
Entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and mandatory for actuarial occupations.
Salaries for this occupation tend to start at £41,000 per annum and can progress up to £62,000 per annum.
There are currently 3,136 employed Actuaries, Economists & Statisticians in the region.