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Chemistry Graduate looking to become an actuary - UK

  • Thread starter Thread starter Equasis94
  • Start date Start date
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Equasis94

Member
Hi everyone,

I graduated in 2016 with a degree in Natural Sciences (Chemistry) from the University of Cambridge and I'm wondering whether I have a realistic chance of becoming an actuary.
My undergraduate degree consisted of:

First year: Maths, Chemistry, Cell Biology and Physics
Second year: Double Chemistry and Biochemistry
Third year: Chemistry only

Since graduating, I've been working in market research relating to shipping and trade.

I understand that I do not meet the typical actuary profile. I do not have a degree in Mathematics, Physics, Engineering etc.

I've seen multiple companies in London that are recruiting actuaries with degrees from 'any discipline' as long as they have numerical ability, but part of me doubts whether people from non mathematical backgrounds stand a chance.

I have four A* A levels in Maths, Further Maths, Biology and Chemistry.

Is there any advice that you would give to someone in my situation? I've seen that I could self-study CT1 for 2018 as this may improve my chances of getting a position. I've also looked at masters/diplomas but they seem to be for maths graduates are quite expensive.

Thanks everyone.
 
I wouldn't bother with CT1, as unless you also pass CT5 in 2018 then it becomes worthless due to the 2019 curriculum changes.

If you got an A* in further maths then you already have the mathematical skills required to pass the exams, so don't worry about not having done a numerical degree.

If you can show that you are motivated and really want to be an actuary, and can interview well, it shouldn't be much of a problem at all to find a job!
 
Be confident in yourself, I think you have every chance. People join with even less science based backgrounds. You are doing your homework which is a great start and know your options. When applying bring out business skills you already have eg any organising you have done, teamwork, communication and of course computer literacy. Interesting you mention shipping and trade. That could perhaps lead you towards general insurance or possibly Lloyds. Think what kind of company you want and apply! You've nothing to lose. Self studying may help but I don't think it's essential and with new curriculums in 2019 maybe less worthwhile than it was a few years ago.
 
Yes you can become an actuary. I work with two people with chemistry degrees from Oxford and another with a Physics degree. I wouldn't bother trying to do additional exams to try and differentiate yourself. Sign up to the recruitment agencies specialising in actuarial field. Have a think about which area you want to work in GI, life, pensions, investments etc
 
Yes - I was hired back with a chemistry degree and a few years work experience under my belt, having not really done any maths since a-level.

i also passed every exam first time with no exemptions so perfectly possible to get hired and get through the exams without too much difficulty.

I wouldn’t bother with the additional qualifications just apply for as many roles as possible (in paricular as there is a growing trend to give grad roles to summer interns)
 
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