Actuaries, economists and statisticians Salary
Median salary £51,520 per year (2025). Based on ONS ASHE data.
Gross pay, before deductions. See take-home pay on £52,000 after tax and National Insurance →
For actuaries, economists and statisticians, £53,342 is the typical (median) pay. That is well above the UK full-time median of £39,039 — +37% versus the national average. Experienced actuaries, economists and statisticians (top 25%) earn over £73,468.
About this role
Actuaries, economists and statisticians (2020 SOC) use advanced mathematical and analytical methods to model risk, forecast economic trends and analyse complex datasets. They provide quantitative analysis that underpins decision-making in insurance, pensions, government policy, finance and research.
Key responsibilities
- Developing and validating quantitative models
- Analysing complex datasets and identifying patterns
- Producing economic forecasts and risk assessments
- Advising on pricing, reserving and capital management (actuaries)
- Contributing to policy development and evaluation (economists)
Qualifications and entry routes
Actuaries: IFoA fellowship (FIA) through professional exams. Economists: typically masters or PhD in economics. Statisticians: degree in statistics/mathematics, with RSS accreditation available.
Career outlook
Excellent career prospects across all three disciplines. Climate risk modelling, health analytics and data science are expanding career pathways.
Key skills
Common industries
- Insurance and reinsurance
- Pensions
- Government Economic Service
- Central banking
- Consulting
Data coverage
Salary Range (2025)
Estimated Career Progression
Based on salary percentile distribution for this occupation
Entry Level
£32,604
0-2 years
Mid Level
£41,471
3-7 years
Senior
£73,468
8-15 years
Potential career growth: ▲ +125% from entry to leadership
Salary Trend (2015-2025)
Gender Pay Comparison (2025)
Gender pay gap: 12.9%
Full-time vs All Employees (2025)
Full-time premium: +£1,822
Actuaries, economists and statisticians salary: common questions
How much do actuaries, economists and statisticians earn in the UK?
Is £53,342 a good salary in the UK?
What is the starting salary for actuaries, economists and statisticians?
Have actuaries, economists and statisticians salaries kept up with inflation?
Is there a gender pay gap for actuaries, economists and statisticians?
Figures: ONS Annual Survey of Hours and Earnings, gross annual pay. UK full-time median £39,039 (2025).