Actuaries, economists and statisticians: average salary and pay in the UK
Full-time actuaries, economists and statisticians in the UK earned a median £53,342 in the year to 5 April 2025, according to the ONS Annual Survey of Hours and Earnings (ASHE): 37% more than the £39,039 median for all full-time jobs.
What the figures show
That ranks 43rd of 382 occupations on this measure.
The middle half of full-time jobs paid between £41,906 and £74,372.
The mean, £65,489, is 23% above the median, a sign of a few very high earners.
Median full-time pay: women £48,003 a year, men £58,720 a year.
ASHE counts roughly 54,000 employee jobs, 93% full-time.
Since 2021 it has risen 11.5%, from £47,838, slower than the 25.0% for all jobs.
The Annual Population Survey counts 85,900 people in this line of work, 41% of them in London.
Pay distribution, 2025 provisional
| Gross pay | Full-time, annual | Full-time, weekly | Full-time, hourly | All, annual | All, weekly | All, hourly |
|---|---|---|---|---|---|---|
| 10th percentile | £36,160 | £668.00 | £18.21 | £32,604* | £626.10 | £18.18 |
| 20th percentile | £41,383 | £766.60 | £21.00 | £39,713 | £740.80 | £20.80 |
| 25th percentile | £41,906 | £800.20 | £21.64 | £41,471 | £777.90 | £21.57 |
| 30th percentile | £43,332 | £829.30 | £22.50 | £42,046 | £804.90 | £22.49 |
| 40th percentile | £48,015 | £907.90 | £24.91 | £46,970 | £872.10 | £24.99 |
| Median (50th percentile) | £53,342 | £1,008.70 | £27.96 | £51,520 | £972.60 | £27.97 |
| 60th percentile | £61,552 | £1,160.10 | £31.66 | £59,434 | £1,127.60 | £31.64 |
| 70th percentile | £71,051 | £1,320.20 | £35.45 | £69,077* | £1,294.50 | £35.46 |
| 75th percentile | £74,372* | £1,443.90 | £39.67* | £73,468* | £1,418.40 | £40.37* |
| 80th percentile | – | £1,612.60* | £42.53* | – | £1,508.70* | £42.76* |
| Mean | £65,489 | £1,209.90 | £33.00 | £62,883 | £1,166.20 | £32.91 |
Pay since 2021
| ASHE year | Full-time, annual median | Full-time, weekly median | Full-time, hourly median | All, annual median | All, weekly median | Jobs (thousands, indicative) |
|---|---|---|---|---|---|---|
| 2021 revised | £47,838 | £862.40 | £23.85 | £44,712 | £828.30 | 31* |
| 2022 revised | £43,375* | £835.00 | £23.27 | £42,654* | £825.90 | 32* |
| 2023 revised | £49,873 | £885.20 | £23.66 | £47,075 | £867.20 | 38 |
| 2024 revised | £55,178 | £987.10 | £27.10 | £53,394 | £962.60 | 47 |
| 2025 provisional | £53,342 | £1,008.70 | £27.96 | £51,520 | £972.60 | 54 |
Actuaries, economists and statisticians by region
UK: 85,900 (± 11,400), April 2025 to March 2026. 10 of the 12 regions and nations have samples too small to publish.
| Region or nation | People in employment | 95% confidence interval |
|---|---|---|
| London | 35,500* | ± 9,700 |
| South East | 12,200* | ± 4,400 |
Annual Population Survey (Nomis)
What actuaries, economists and statisticians do
Actuaries, economists and statisticians apply theoretical principles and practical techniques to assess risk and formulate probabilistic outcomes in order to inform economic and business policy, and to analyse and interpret data used to assist in the formulation of financial, business and economic policies in order to maximise growth or improve business performance. (ONS SOC 2020, 2433)
Also covers: actuarial consultant, actuary, bioinformatician, economist, financial engineer, statistician, statistical analyst, web analyst, actuarial analyst, actuarial assistant, analyst (healthcare), bioinformatics analyst, bioinformatics manager, campaign analyst, digital analyst, economic adviser, economic analyst and economic assistant (44 titles in the ONS coding index).
- Assesses the objectives and requirements of the organisation seeking advice
- Uses a variety of techniques and theoretical principles to establish probability and risk in respect of e.g. life insurance or pensions
- Uses appropriate techniques and theoretical principles to determine an appropriate method of data collection and research methodology, analyse and interpret information gained and formulate recommendations on issues such as future trends, improved efficiency
- Designs and manages surveys and uses statistical techniques in order to analyse and interpret the quantitative data collected
- Provides economic or statistical advice to governments, commercial enterprises, organisations and other clients in light of research findings
- Addresses seminars, conferences and the media to present results of research activity or to express professional views
Entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and mandatory for actuarial occupations.
Related
Business, research and administrative professionals (median £51,125) · Marketing and commercial managers · Business and related research professionals · salary percentile · UK real pay growth · Mean
ASHE Table 14: 2021 2022 2023 2024 2025 · coding index · notes · 15 October 2026