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What do UK actuaries actually earn?
General insurance · Junior student · London
£35k to £50k
Base salary range
- Indicative bonus (0–10%)
- £0k–£5k
- Total compensation
- £35k–£55k
Highest qualified-level range in the salary guides used here. Source: Goodman Masson 2026 UK Salary Guide; bonus bands from the Selby Jennings 2025 guide. These are recruiter placement estimates published as reference points, not offers and not guarantees. Individual packages vary with employer, team and exam progress.
Why the ladder is shaped like this, and what moves you up it: The pay ladder is a full lesson in Become an Actuary.
How to read these numbers
Exam progress can affect student pay. Recruiter guides often group student actuaries by exams passed, and many employers link salary progression to exam progress. Individual employers use their own pay policies, so years of experience and performance can matter as well.
Practice area and location matter. The published ranges differ by practice area and location, particularly after qualification. General insurance and the London Market sit at the upper end of several recruiter guides, while life and pensions have different ranges and different regional footprints.
Treat every figure as a reference point. These come from recruitment firms publishing their own placement data, and the firms themselves say the guides should be used as reference points only. Your offer depends on the employer, the team, your exam progress and the year.
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