Actuaries, economists and statisticians SOC 2433
Actuaries, economists and statisticians (SOC 2433) qualifies for UK Skilled Worker visa sponsorship. Your employer must pay at least the going rate of £55,100 per year. Scroll down for salary benchmarks, the visa rules, and live jobs from licensed sponsors.
What does an actuaries, economists and statistician 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.
Typical tasks
- 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
Typical entry routes and qualifications
Entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and mandatory for actuarial occupations.
Visa sponsorship requirements
UK market salary · ASHE 2025
What actuaries, economists and statisticians earn in the UK
UK market basic pay at a glance
How visa salary requirements compare to what employers pay.
Most actuaries, economists and statisticians in the UK earn between £41,496 and £74,724 in basic pay. For Skilled Worker visa holders, the minimum salary (going rate) for this role is £55,100 (SOC 2433), sitting at the 53rd percentile of what UK employers pay and £3,048 above the median.
All figures are before tax. Calculate your take-home pay.
How to get sponsored as an actuaries, economists and statistician
- 1
Find a licensed sponsor on Hunt UK Visa Sponsors
Browse our register of UK companies with an active sponsor licence. Filter by industry, size, sponsor rating, and whether they're currently hiring actuaries, economists and statisticians, so you only apply where a visa is actually on the table.
Browse licensed sponsors - 2
Confirm the salary meets the £55,100 going rate
Your employer must pay whichever is higher: the going rate for SOC 2433 (£55,100) or the general Skilled Worker threshold of £41,700 per year.
New entrants and ISL roles may qualify for a lower rate. See the New entrant & discount rates section below.
- 3
Receive a Certificate of Sponsorship
Your sponsor issues a Certificate of Sponsorship (CoS), a reference number the Home Office uses to check the job offer, salary, and duties line up with an eligible SOC code.
- 4
Apply for a Skilled Worker visa at gov.uk
Submit the Skilled Worker visa application online within 3 months of your CoS assignment date. You'll also book a biometric appointment and pay the immigration health surcharge.
Apply on gov.uk - 5
Move to the UK and start work
Travel to the UK before your CoS start date and begin working for the sponsor named on the certificate.
New entrant & discount rates
If you're under 26, switching from a Student visa, or a recent UK graduate, your employer can pay the new entrant rate of £40,700 (70% of the going rate) for up to four years.
Roles under SOC 2433
Recent jobs under SOC 2433
Oliver James are partnered with a global reinsurance business experiencing significant organic growth across Europe, North America and APAC. There are two vacancies in their assumption development team that supports both their longevity and protection markets. The Ideal Candidate Will Have The Following Fully qualified actuarial status Deep understanding of either longevity or protection products (both would be ideal) Experience with assumption development or assumption setting Understanding of
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The Company PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, wheth
Related occupations
Other Skilled Worker-eligible roles in the same SOC minor group (243xx):
Frequently asked questions
Can actuaries, economists and statisticians get a UK Skilled Worker visa?
Yes. Actuaries, economists and statisticians roles fall under SOC 2433 (Higher Skilled), so they qualify for Skilled Worker visa sponsorship. Your employer will need a sponsor licence and must pay at least the going rate for this occupation.
What salary do actuaries, economists and statisticians need for visa sponsorship?
The going rate for Actuaries, economists and statisticians (SOC 2433) is £55,100 (£28.26 per hour). Occupation rate applies. Your employer must pay whichever is higher: this going rate or the general Skilled Worker threshold of £41,700 per year.
What job titles are covered by SOC 2433?
SOC 2433 covers a range of actuaries, economists and statisticians roles, including: Actuaries and actuarial analysts, Economists, Mathematicians, Statistical data scientists, Statisticians, Actuaries, economists and statisticians not elsewhere classified.. Keep in mind that the Home Office matches jobs by duties rather than title alone. Two roles with the same title can fall under different SOC codes depending on the actual work involved.
Is there a lower salary for new graduates entering actuaries, economists and statisticians roles?
Yes. If you're under 26, a recent graduate, or switching from a Student visa, you count as a "new entrant" and your employer only needs to pay 70% of the going rate (with an absolute floor of £33,400/year — the new-entrant minimum cannot go below that). For Actuaries, economists and statisticians, that works out to £40,700. The discount lasts up to four years.
Where can I find actuaries, economists and statisticians jobs with UK visa sponsorship?
We list Actuaries, economists and statisticians roles from companies with a Home Office sponsor licence. Scroll down to see what's currently open, or search our full jobs database for more visa-sponsored positions across the UK.
This information is provided as guidance only and should not be treated as legal advice. Eligibility criteria and salary thresholds are based on the latest published government data. Always verify with the official UK government guidance or seek professional immigration advice.