Actuaries, economists and statisticians Pay Data UK — 2024

Actuaries, economists and statisticians roles in the UK earn a median of £51,945 per year, equivalent to £25.33 per hour as of 2024. This represents a 10.6% increase in annual pay compared to the previous year. Pay varies across the UK, ranging from £38,575 to £82,979 per year.

How Pay Varies Across the UK

Each bar shows how many areas of the UK have a median annual pay in that range for Actuaries, economists and statisticians roles. The dashed line marks the national median.

Based on sub-regional area data. Want a precise figure for your area?

About Actuaries, economists and statisticians

Actuaries, economists and statisticians 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.

Typical Tasks and Duties

• assesses the objectives and requirements of the organisation seeking advice
• uses a variety of techniques and theoretical principles to establish probability and risk in respect of e.g. life insurance or pensions
• uses appropriate techniques and theoretical principles to determine an appropriate method of data collection and research methodology, analyse and interpret information gained and formulate recommendations on issues such as future trends, improved efficiency
• designs and manages surveys and uses statistical techniques in order to analyse and interpret the quantitative data collected
• provides economic or statistical advice to governments, commercial enterprises, organisations and other clients in light of research findings
• addresses seminars, conferences and the media to present results of research activity or to express professional views

Entry Routes and Qualifications

Entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and mandatory for actuarial occupations.

Related Occupations

Salary data is sourced from official UK pay datasets and updated periodically.