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Level 7 Actuary Apprenticeship

Apprenticeship standard: Actuary

Perform at the highest level of your profession, with training that ensures you have the technical ability and confidence to perform. You’ll establish yourself as an expert with skills backed by an internationally recognised qualification from the Institute and Faculty of Actuaries (IFoA). 

We deliver training to 10 of the 10 leading global investment banks
We train professionals within 81% of FTSE 100 companies
We educate professionals in 8 of the top 10 professional services firms

Apprenticeship Overview

Drive high-level strategic decisions balancing business sense and financial responsibility. This programmes provides the opportunity to establish yourself with an unparalleled depth of understanding of financial systems. With expert level skills, you’ll learn how to analyse data and build complex mathematical models to evaluate financial risks. You’ll study economic principles and the fundamentals of corporate finance in more depth, learning how these apply directly to your role. 

Working with our experienced tutors, you’ll hone your communication skills, ensuring you’re able to share technical analyses with specialist and non-specialist stakeholders alike. You’ll establish yourself as a strong and effective leader, able to justify decisions with evidence that mitigates potential resistance. 

With this apprenticeship you’ll become a qualified IFoA actuary and will complete the following exams: Core mathematics (CM), Core Statistics (CM), Core Business (CB) and Core Practice (CP). 

Who is the programme for?

If you’re a university graduate or a qualified actuarial technician or analysist looking to progress to an actuary career, this apprenticeship offers the ideal entry point. 

This apprenticeship is ideal for: 

  • Financial Actuaries 

  • Insurance Actuaries 

  • Scheme Actuaries 

  • Pensions Actuaries 

  • Capital Actuaries 

  • Pricing Actuaries 

Where will the programme take you?

The Level 7 Actuary Apprenticeship is a global passport. With this internationally recognised qualification, combined with an intellectual ability that is maximised through this programme, you can work anywhere in the world as a qualified IFoA actuary. 

Who's eligible?

You must be eligible to join the Institute and Faculty of Actuaries and willing to meet any requirements set by the individual employers. These typically include:  

  • A degree in a numerate subject such as mathematics, statistics or economics, or  

  • A degree in a non-numerate subject with a minimum grade B in A-Level mathematics or equivalent, or  

  • Have successfully completed a level 4 Actuarial Technician 

You must be employed in a role relevant to this programme to be eligible to apply. 

Apprenticeship information

Duration
45 months
Start Dates
October
Application deadline
6 weeks before start date
Study modes
Online live teaching and performance coaching, professional workshops and work based projects
Cost
£18,000levy funded
Free for Learners
95% government funded for non-levy payers
Apprenticeship standard
Actuary

Choose the UK's leading professional apprenticeship provider

Your success is our businessWe begin with specialist onboarding and guidance – aligning your personal goals with wider business objectives – to craft plans that deliver maximum mutual impact.
Learn from the best, become the bestFully-qualified Performance Coaches and industry-leading tutors bring their firsthand expertise to your studies – empowering you to become a master.
Best practice makes perfectHands-on learning through practical scenarios and our virtual learning platform ensures you have the knowhow to perform in the professional world.
Back-up that stacks upEducational psychologists and career mentors. Performance coaches and mental health specialists. You’ll have an entire multidisciplinary team behind you.
AI predicted performanceWe don’t just plan performance. We predict it. Our AI-driven model uses data to anticipate progress, adjusting in real-time to optimise success.
See it for yourselfPerformance trackers mean you can share your performance with managers, keeping them up to speed with key insights to observe progress and create better outcomes.

Frequently asked questions

If you can’t find the answer to a question, our helpful advisors will be happy to help.

To apply for a BPP apprenticeship programme you should be employed in a relevant role and have the approval of your employer.

You will need to create an account after which you can choose and apply for the relevant programme.

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