Actuarial Science Salary in West Midlands
The West Midlands, anchored by Birmingham as the UK's second city, offers salaries that typically sit 5-15% below London levels with significantly lower living costs. The region has a strong manufacturing heritage and a growing professional services sector.
Housing costs are well below the national average, and the HS2 project (when complete) is expected to further improve connectivity and salary competitiveness.
Salary Trajectory
| Stage | Years Exp | P25 | Median | P75 | P90 |
|---|---|---|---|---|---|
| Actuarial Analyst (Student) | 0+ | £27,440 | £32,340 | £37,240 | £41,160 |
| Part-Qualified Actuary | 3+ | £39,200 | £47,040 | £56,840 | £63,700 |
| Newly Qualified Actuary (FIA/FFA) | 6+ | £53,900 | £66,640 | £78,400 | £88,200 |
| Senior Actuary / Manager | 10+ | £73,500 | £90,160 | £107,800 | £122,500 |
| Chief Actuary / Partner | 16+ | £107,800 | £137,200 | £176,400 | £225,400 |
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How West Midlands Compares
Mid-career Actuarial Science median salary by region
Compare with Other Careers in West Midlands
Accounting & Audit
Insurance
Investment Banking
Architecture
Actuarial Science in Other Regions
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Based on ONS Annual Survey of Hours and Earnings (ASHE) via NOMIS. Regional salary adjustments derived from ONS regional pay differentials. Career progression timelines based on industry research. All figures are gross annual pay estimates for full-time workers.