Actuarial, Insurance and Pensions
Research careers and find opportunities in the actuarial, insurance and pensions sector
About
While actuaries traditionally worked in the insurance and pensions industries, many now work in the areas of healthcare, banking, business management and enterprise risk assessment. Many actuary jobs are in London but vacancies can be found in most large cities across the UK.
According to a 2025 report by The City UK, 1.1 million people are employed in financial services, with 306,000 working in insurance. Financial and related professional services is among the UK’s largest industries in the UK.
Skills employers look for
- analytical skills, problem-solving and logical reasoning
- effective communication, particularly the ability to explain complex information
- high levels of accuracy and attention to detail
- the capacity to react quickly
- numerical, research and administrative abilities
- integrity and self-discipline
Salaries
Starting salaries for graduate jobs in this sector can vary depending on the position.
To get an idea of typical starting salaries use the following resources:
- our offers access to The Pay Index. This shows you how salaries vary across different roles, industries and locations
- job profiles, such as those listed on or
- vacancy sites such as and
For information about how to negotiate a salary, visit Handling job offers.
Inspiration from people working in the industry
- Browse our NCL Graduate Employment and Work Experience directories. See where our students and graduates have had work experience, or been employed.
- Use LinkedIn’s  to find out what Ãå±±½ûµØ graduates are doing now. You could ask to connect with them, to gain advice and insights into their career. See Ãå±±½ûµØ Alumni on LinkedIn to help you get started or watch our quick tutorial on  [3:13±Õ. &²Ô²ú²õ±è;
- Attend alumni events, such as Ãå±±½ûµØ Develop, to hear directly from our graduates. 
- Sign up for mentoring support with  a²Ô»å . These aim to match students with industry professionals who can provide invaluable insights. Register to be connected for a one-hour meeting. 
- Attend events such as recruitment events and  employer and sector insights. Hear about graduate jobs, placement schemes, build your network and ask questions.  
Online reviews
Searching for reviews online can be a useful way to get an idea of what to expect from certain roles or employers. Reviews are written by employees with different opinions about what makes a good employer.
Use the following review sites for inspiration and insight into the recruitment process:
- placement year reviews written by students.
- – graduate job reviews
- – company reviews from employees
Attend events
Attend events to hear directly from professionals in the industry. See our recruitment events and employer & sector insights for details of upcoming events.
Social media
Use social media to find industry insights.
Join on LinkedIn to keep up to date. Posts often include news, events and opportunities. You can also find useful insights on careers on X and TikTok. Treat these with caution, as not all content may be accurate.
Find out more about how to use social media for your career.
Professional bodies
Consider joining a relevant professional body/industry network
Professional bodies often:
- run networking events
- have specialist groups you could join
- post vacancies on behalf of their members
- have member directories, useful for speculative applications
Key organisations include:
Actuarial
- (IFoA)
Insurance
Pensions
Finding professional bodies worldwide
³Ò´Ç¾±²Ô³Ò±ô´Ç²ú²¹±ô’s country guides include details of professional bodies. Find them under ‘Professional and Personal Networking’ on each individual country guide.
Guide to finding opportunities
Opportunities are available within insurance brokers, retail banks, supermarkets and specialist consultancies. Actuaries work in retail and investment banks, the , accountancy and professional firms, actuarial and management consultancies.
Several large companies offer paid internships, for example and .
Several large recruiters offer graduate schemes, for example , and
There are various ways to find internships, placements and graduate opportunities. We’ve added some tips below to help you get started.
- search for advertised vacancies using the vacancy sites listed below
- look at the careers sections on company websites for student and graduate opportunities. Use Researching Employers to help you gain insights into companies
- attend events such as recruitment fairs and employer and sector insights
- contact employers speculatively – see non-advertised work experience and graduate jobs to help you find organisations to approach
- follow companies on social media for latest news and updates
- consider registering with a recruitment agency for graduate jobs
- register with if you are disabled, neurodivergent or have a mental health condition. They can offer advice and support on applications to Ãå±±½ûµØ students. They also run first year, internship and graduate programmes with inclusive employer partners.
- ask family and friends if they have any useful contacts who may be able to offer you work experience
- consider alternative ways to find relevant experience and develop your skills
- create your own opportunity by starting your own business or working freelance
Advertised work experience
Placements and summer internships are usually aimed at undergraduate students in and above their second or penultimate year of study. Some companies will also consider first and final year students.
For more information on work experience in this sector see:
- (TARGETJobs)
- (IFoA)
Search for internships and placement years
Use our resources to get started:
- - search for internships and placements in the North East, UK and overseas. Register/log in to access vacancies and sign up for personalised email alerts
- Internships, placements & shadowing - links to vacancy sites
- Global work experience - for internships or placements abroad
You can use online tools such as and for a list of open vacancies and closing dates. Find links to vacancies and keep track of your application status.
NCL Internships
The Careers Service runs flexible term-time and summer internships with local employers and on campus. NCL internships are aimed at all students, from any stage.
Search for these under Vacancies on . Type in ‘NCL internship’ into the text search box.
You can find these advertised throughout the academic year. Full-time summer opportunities are advertised from around March.
Worldwide experience
Access GoinGlobal for internships in over 120 global locations, updated daily. Search for opportunities in the local language, as well as in English. You can also use their country guides to find:
- additional vacancy websites
- CV, application and interview advice
- Advice on living and working in different countries and cities around the world.
When to apply
The resources in this section advertise both graduate jobs and graduate schemes. See our graduate jobs page to understand the difference between them.
For graduate schemes, apply as early as possible.
UK applications typically open early in the academic year from September or October. Some close as early as November-December. Many employers close applications as soon as their places are filled.
Graduate jobs tend to be immediate start positions which can be available all year round. You are more likely to apply for these towards the end of your studies.
Vacancy sites
Use our resources to get started:
- MyCareer - search for graduate schemes and graduate jobs in the North East, UK and overseas. Register/log in to access vacancies and sign up for personalised email alerts
- Graduate Jobs – lists graduate vacancy sites
Search the external sites below for more opportunities in actuarial, insurance and pensions:
You can use online tools such as and for a list of open vacancies and closing dates. Find links to vacancies and keep track of your application status.
Worldwide vacancy sites
See International jobs for details of overseas vacancy sites.
Access GoinGlobal for job adverts in over 120 global locations, updated daily. Search for opportunities in the local language, as well as in English. You can also use their country guides to find:
- additional vacancy websites
- CV, application and interview advice
- advice on living and working in different countries and cities around the world.
Non-advertised work experience and graduate jobs
Not all internships, placements and graduate jobs are advertised. In fact, many people create opportunities through:
- networking and making contacts
- developing their own business ideas
A speculative approach is common for finding work experience and graduate jobs. This is where you approach a company directly to ask if they have any opportunities available.
How to access hidden opportunities
Start by identifying organisations you are interested in. Our guide to finding organisations below can help. Then use the following steps to approach them speculatively about possible opportunities:
- Identify a contact name to address your cover letter to. Call or email to find out who handles recruitment within the organisation. Or, find a key contact in the department you want to work in.
- Send them a tailored CV and cover letter. Express your enthusiasm for the sector. Show that you have researched the company.
- Follow up your speculative application with a phone call, or email, around a week later. This shows you are serious and motivated.
- If your application was unsuccessful, ask for feedback or advice, and keep trying!
How to find organisations
- Find organisations on Select ‘search' then 'organisations’.
- Use the business directories and databases on our Researching employers page.
- Search for companies on . The tool shows you where Ãå±±½ûµØ graduates are currently working.
- Browse our directories. See where our students and graduates have had work experience, or been employed.
Worldwide organisations
Search GoinGlobal’s employer directory for company information in 196 countries. Their country guides list professional bodies around the world.
Specialist recruitment agencies
Recruitment agencies can be useful for finding graduate jobs. These tend to be for immediate start positions. It's worth registering with one or two agencies towards the end of your course.
Specialist agencies include:
- - insurance vacancies
- - insurance recruitment
- - pensions recruitment
- - includes actuarial and pensions recruitment
- - pensions and benefits roles
See Recruitment Agencies to find more agencies.
Finding overseas recruitment agencies
GoinGlobal’s country guides include details of recruitment agencies in specific countries. They are listed under the following headings:
- Staffing agencies and temporary help firms
- Executive recruiters and search firms
Recruitment agencies may not operate in the same way in different countries. In the UK agencies are free for job seekers, but this may not be the case elsewhere. Explore the terms and conditions of an agency before signing up to use them.
Other ways to gain relevant experience
We've added some suggestions to help you develop your skills and gain relevant experience.
- complete a free virtual internship. For example, with , you can filter by career interest to find virtual internships in financial services.
- sign up for free online courses to develop new skills. For example, Future Learn offers free courses in .
- attend events and network to make contacts and connections.
- enter a finance related competition - prizes can often include internships.
- volunteer in a financial or advisory role with a charity. See Volunteering for more opportunities
- part-time work, which can help you develop relevant skills. Working in insurer contact centres, banks and building societies, sales roles and customer services can be useful. See Part-time jobs.
Study and training
Training and studying options for a career as an actuary, in insurance or pensions is outlined below.
Actuarial
You can join the profession by applying to an employer and joining a graduate training scheme. You need to pass courses administered by the Institute and Faculty of Actuaries (IFoA).
As a trainee actuary, you will study towards an associateship (professional status). Qualifying for associate level takes between three and six years.
You can then study towards a fellowship. You can study for a chartered enterprise risk actuary qualification to specialise in risk management.
IFoA’s gives more information about the routes and qualifications available.
Ideally your firm will support you, pay for exams, provide you with study leave and give you practical experience.
Insurance
There are no specific qualifications required for general insurance.
Most companies encourage staff to take professional qualifications for continuing professional development (CPD). provides professional qualifications at three levels. These are Certificate, Diploma and Advanced Diploma.
Many insurance graduate schemes include the Advanced Diploma in Insurance (ACII). Most graduates will complete their ACII in three years.
If you are a graduate of Accounting, Business, Economics, Finance, Law or Management, you can get credits. These are often referred to as ‘exemptions’. They count toward CII qualifications and reduce the time taken to complete them. See .
Pensions
For the majority of graduate positions there are no specific pre-entry or postgraduate requirements. However, professional qualifications can make a difference in your career development.
For this sector provides . These range from beginners courses to managerial level qualifications.
Depending on your specialism, some qualifications may be relevant. The provides training opportunities, including introductory training.
Work for yourself
Working as self-employed or freelance is common in the actuarial, insurance and pensions sector. Experienced professionals could become self-employed consultants.
Our START UP team can help you explore working for yourself at any stage. Whether you want to explore an idea or have already launched a business or freelance career, you can access the following help:
- support with idea generation
- provide tailored advice
- help you develop your skills
- introduce you to like-minded peers
- refer you to further support from mentors
- award grant funding up to £3,000