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Actuaries, Economists & Statisticians

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.

Tasks

  • 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 Requirements

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


What could I earn?

Salaries for this occupation tend to start at £41,000 per annum and can progress up to £62,000 per annum.

Is it in growth or decline?

There are currently 3,075 employed Actuaries, Economists & Statisticians in the region.

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Coronavirus update

Lewisham College is closely monitoring all communications and guidance as it becomes available. This information is for students and staff and reflects updates from the World Health Organisation (WHO) and Public Health England (PHE). We are prepared to escalate our contingency arrangements in the event of change.

The government is monitoring the situation closely and will continue to work with the WHO and international community. For staff and students it remains business as usual across our sites and our workplaces.

Please note that, at present, this advice refers only to arrivals from Wuhan, and not the remainder of China. If you have returned from Wuhan you should:

General guidance for those planning visits to Wuhan or other destinations in China

The Foreign and Commonwealth Office (FCO) maintains updated travel advice for those planning a trip to Wuhan or other destinations in China. This is available at:

www.gov.uk/foreign-travel-advice/china

Note

This advice is derived from The Department of Health and Social Care will be publishing updated data on a daily basis at 2pm until further notice:

https://www.gov.uk/guidance/wuhan-novel-coronavirus-information-for-the-public#situation-in-the-uk

Supplementary Q&A for individuals wishing to know more around how the UK is managing the risk:

https://publichealthmatters.blog.gov.uk/2020/01/23/wuhan-novel-coronavirus-what-you-need-to-know/