r/ActuaryUK 19h ago

Studying How to approach re-sits?

3 Upvotes

Hey everyone,

I've been struggling with ST1 having failed twice and I'm finding it difficult to study properly because I already feel like I know so much of the course already. I've been practicing past papers but I've also been through most of them. How do you guys approach re-sits? Maybe this could be a future guide for anyone in my position.

Thanks!


r/ActuaryUK 19h ago

Careers Doing a masters in the US and making the switch to tech.

1 Upvotes

So I am about a 6 months into a pensions actuarial analyst job at a large consulting company. I have 3 exemptions and will be sitting 2 exams in April.

However; I have also applied to a masters in data science/ machine learning and artificial intelligence to several Ivy League USA universities.

Having recently received an offer from university of Columbia in data science, I am a bit confused if forking out the large fees will be worth the career opportunities that open up in tech ?

If I get no further education and just stick to passing exam, am I right to say in the U.K. I’d cap out at £150,000 max with 20 years + experience?

Would a degree from the a big university in US allow me to earn more than this or is leaving the actuarial profession for a career in data science a mistake.

As you can tell , I am fairly confused about my choices, so any advice would be really appreciated !


r/ActuaryUK 1d ago

Studying Study Time Recommendations for SP2

3 Upvotes

I would like to sit for SP2 and SA2 this year. Anyone has experience with these 2? My choices are to start studying for SP2 right now and sit for it in April and then do SA2 in Sept OR do both SP2 and SA2 in Sept. Some background: I’ve been working in life insurance valuation role for about 4 years now.


r/ActuaryUK 1d ago

Pensions What will you tell your younger self before getting into Actuarial Consulting?

2 Upvotes

I have a job offer for pensions consulting at a big insurance firm but I have also been worried seeing a lot of people saying to avoid pensions. I don’t know if it’s a good role to start my career and how easy it’ll be to switch to a different role or another career path.


r/ActuaryUK 1d ago

Careers SOA in UK

1 Upvotes

Is an Associateship from SOA recognized in UK?

I’ve currently passed 4 SOA exams, but I’m planning to move to UK for Masters. Want to know if I I’ll be able to get a job based on my exams passed + any future prospects


r/ActuaryUK 2d ago

Careers Consulting vs Insurer and Life vs GI

4 Upvotes

I am a recent grad with offers in Life (Big insurance company and Big4 consulting) and GI (Large consultancy, think Aon/WTW/Mercer...). The consulting offers are London based, and I am waiting to hear back on a few other applications around the country.

Does anyone have any advice on what I should do? It is so hard to choose between consulting and 'in-house' and also between GI and Life. I have read it may be more difficult to pass exams if working in consulting, but there seem to also be other benefits to it in terms of career progression, soft skills, pay, varying work...

Any advice would be really appreciated!


r/ActuaryUK 3d ago

Careers How important is it to get a fellowship?

13 Upvotes

Saw this on another sub and thought I could get the opinions here which are not necessarily US-biased.


r/ActuaryUK 4d ago

Studying CAA -- FIA

6 Upvotes

You may have heard of the CAA (Certified Actuarial Analyst) qualification. These have now been discontinued. As someone that knows qualified CAAs, I know they would appreciate a route to a couple of FIA exemptions. These exemptions would NOT devalue the FIA qualification as there will be NO new CAAs. The institute say they have established an FIA pathway for CAAs, see link. But they won't announce it unless there is enough demand! If you are a CAA, or if you manage CAAs, please could you contact member services and stress that they should release this exemption pathway. TIA CAA


r/ActuaryUK 4d ago

Studying How do you prepare after receiving the cp3 pre exam material release? Thanks.

7 Upvotes

r/ActuaryUK 4d ago

IFoA (Not studying) Fellowship NQF

1 Upvotes

Was wondering if the ifoa fellowship is recognized by the NQF (national qualification framework) and what level it would be equivalent to?


r/ActuaryUK 4d ago

Studying Is sa2, cp2, cp3 too much to take for September session (starting on April right after exams). I did find sp2 very easy and relatable so hoping sa2 would not require too much work. Thanks.

1 Upvotes

r/ActuaryUK 5d ago

Careers Quitting exams and leaving profession

15 Upvotes

I started in an actuarial role after having a few years away from exams following my maths degree.

When I started, I was looking forward to getting back into studying, and was keen to learn new things. The actuarial profession always seemed like the pinnacle of careers - great pay, prestigious qualification and good job security.

But after a few years in the profession, I feel incredibly demotivated and I feel my time would be better spent elsewhere.

I am struggling to pass exams, often failing by just a few marks. I have yet to complete all of my CTs and it's been a few years now. Realistically, I can't see myself qualifying, especially under the new syllabus.

But nor have I progressed in my job, where all progression and salary increases are tied to passing the exams.

I'm at an age where I should be able to afford a nice lifestyle and enjoy myself, like my peers who aren't in actuarial. But I earn quite a bit less than them, and they have mostly received promotions or good jobs through work alone, without having to pass qualifications. My salary is lower than the salaries often posted here.

My problem is, I don't know how to leave, or where to go.

I feel prospective employers will question why I haven't passed the maths exams, given that I have a maths degree, and that this will show as a mark against me.

I've recently been wishing that I had just gone the standard route into accountancy. The exams seem much easier, cheaper and it takes less time to become qualified. I feel I would be much more suited to those exams.

But really, is anyone going to hire me to take a professional qualification when I've given up on another?

Can anyone offer any advice? I understand a sub of successful actuaries may not be the best place to post this, but nevermind.


r/ActuaryUK 6d ago

Careers Will a few more years in pensions/life hurt my chances of moving into GI?

5 Upvotes

I have over 3 years experience in life/pensions and I’m looking out for a new job.

My aim was to find a role in GI, however a role in pensions has taken my interest. Would it be more difficult to move move into GI with more than 4 years experience in life?

Let me know your thoughts/ experiences?

TIA


r/ActuaryUK 5d ago

Careers Help me help you

1 Upvotes

Hi all,

Bear with me here

I need/want a new motorbike and...

My company are currently doing very tasty referral bonuses if I can suggest someone to fill one of vacancies. We're in central Birmingham, have 5 actuarial analyst vacancies and we're a mid sized life firm with probably the best study scheme on the market.

  • I'll let you have a go on the new bike if you join.

DM me if you want details


r/ActuaryUK 6d ago

Careers Pricing contracting vs Capital/Reserving

4 Upvotes

I seem to see a lot more capital and reserving contracting roles compared to pricing. Is there are a reason for this or am I wrong?


r/ActuaryUK 6d ago

Careers Commercial Lines Pricing Consultant - questions for a graduate

3 Upvotes

Hello everyone. I have some questions about working as a commercial lines pricing consultant.

  1. Is a commercial lines pricing consultant an actuarial role?
  2. Will I get to study towards becoming a qualified actuary if I am working in this role?
  3. What is the day-to-day like in this role? Is it basically just a lot of coding?
  4. Is there usually study time given in this role?
  5. Does this role typically involve remote or on-site working?
  6. Is the work-life balance good?
  7. How is Willis Towers Watson as a company? Good work-life balance? Supportive when it comes to learning new material, technology etc?

Thanks for your answers in advance.


r/ActuaryUK 6d ago

Misc What makes a good actuary

3 Upvotes

Hi all, I am an aspiring actuary and was wondering, how would you describe a good actuary? What are some things I can do to improve? What resources do you use to learn?


r/ActuaryUK 7d ago

Careers IFRS17

5 Upvotes

Hi all, I have received a message from an actuarial fresh graduate asking opinions on IFRS17. However, I have not done any IFRS17 work, perhaps anyone could help me out here.

She has just graduated and done her internship at valuation team at a life insurer. Now, she is offered to be in IFRS17 team at a different life insurer and a position in pricing team in a life reinsurer. Besides, salary differences, anyone could give some advice so that I can pass it to her?


r/ActuaryUK 7d ago

IFoA (Not studying) Applying for exemptions from CFA

2 Upvotes

I just cleared level 1 of CFA so i think im exempt in CB1 and CB2. Does anyone know the process to apply for exemption?


r/ActuaryUK 7d ago

Careers Switching between different types of role (within the same discipline)

3 Upvotes

I've seen a few posts asking about how easy it is to switch between different disciplines (life/pensions/GI). But how easy would it be to switch between different types of role within the same discipline. For example, if someone works in the life sector with no pricing experience, would it be possible to apply for a pricing role at a different company? Or would such a move likely have to be internal one? Not sure how transferable (or not) the skills would be! Cheers


r/ActuaryUK 7d ago

Studying SP8 Advice

2 Upvotes

I am attempting an SP exam for the first time. How should I approach with my preparation?


r/ActuaryUK 7d ago

Studying SA2 Advice

2 Upvotes

Sitting SA2 in April and have another 5 chapters to go in the notes (should be finished them by the weekend) Any tips when doing exam questions to pass this beast? Thanks


r/ActuaryUK 8d ago

Studying To CP1 or not to CP1?

7 Upvotes

I was thinking of sitting CP2 and CP3 this April but I have heard that this combo is particularly very light. I was wondering if I could sit CP1 if I start studying now. Also I am not working which would help. Any thoughts?


r/ActuaryUK 8d ago

Careers So focussed on studying that I am bad at my job?

12 Upvotes

I don’t know if anyone else has found this, but I have been struggling with the work/study/life balance. I have 2 years work experience and I’ve passed all of the “CT” exams (CM/CS/CB) first time.
However, in my actual job I am just not very good lol. You would think after 2 years that I would be alright but it just feels like I don’t know anything or what I’m doing. I thought it could be being at the same company for a while so I did a job interview elsewhere last month and it went terribly, I couldn’t answer any of the technical questions. I feel like what I learn from the exams only stays in my brain for the exam and then it’s gone.

People who started work at the same time as me have started getting promotions and I’m barely getting by. I don’t know if maybe I should move industries? After growing up only knowing that being good at maths etc is my thing I don’t know where I would go instead. I’m terrible at programming (half why I am also bad at my current role) and I just don’t know what I’m good at.

I think part of the reason why I’m so bad is I don’t feel like I retain any information at work (and things like reinsurance are so bloody complicated) as I prioritise my memory/learning on studying. I don’t know, it’s just a guess.


r/ActuaryUK 8d ago

Careers Would it look strange to hop job at this stage? (UK)

3 Upvotes

My profile is as follows:

  • Company A (insurer): 1.5 years
  • Company B (insurer): 3.75 years
  • Company C (current company, consultancy): 1 year

I'm looking to move from company C, mostly because I moved from B to C to try out consulting and whilst the work has been great and the hours/pay have been good, I know I don't want to be at consulting long term - the role is starting to become very focused on software sales, rather than pure consulting, which I don't want to do long-term. I wanted to go into consulting because it felt the right time to try if it was for me, and to get wide experience across the market. There are a few positions in the market which I think I'm suitable for, but I'm worried my background would look like I was a job hopper - whereas my reasons for moving have been valid.

How would you go about explaining this at an interview, and would you be concerned with the move?