SOC 2020 · 2433
Actuaries, economists and statisticians
Immigration Rules Appendix Skilled Occupations from
Skilled Worker
Eligible
This occupation appears on Appendix Skilled Occupations.
Salary floor
£55,100
The going rate, £55,100, is the higher of the two.
Shortage lists
Not listed
This code is on neither the Immigration Salary List nor the Temporary Shortage List.
Salary the job must pay
A Skilled Worker job must pay at least the higher of the general threshold and the going rate for its occupation code.
Going rate (standard)
£55,100
General threshold
£41,700
Visa thresholds from
Minimum for this role
£55,100
Home Office going rates from
New entrants and some other cases can use 70% of the going rate, £38,600, subject to the lower general threshold of £33,400.
What this occupation actually pays
ONS Annual Survey of Hours and Earnings, full-time gross annual pay.
- UK pay for this occupation
- Going rate£55,100
- General threshold£41,700
View these figures as a table
| Percentile | Pay |
|---|---|
| 10th | £36,160 |
| 25th | £41,906 |
| 50th | £53,342 |
| 75th | £74,372 |
| Going rate | £55,100 |
| General threshold | £41,700 |
| Region | 10th | 25th | Median | 75th | 90th |
|---|---|---|---|---|---|
| UK 2025 | £36,160 | £41,906 | £53,342 | £74,372 | — |
| London 2025 | — | — | £68,595 | — | — |
| North West 2025 | — | — | £47,170 | — | — |
| Scotland 2025 | — | — | £44,256 | — | — |
| Wales 2025 | — | — | £41,924 | — | — |
| Yorkshire and The Humber 2025 | — |
Job titles in this code
What the work involves
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
Entry routes and qualifications
Entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and mandatory for actuarial occupations.