2433 Actuaries, economists and statisticians

In short

• ONS unit group 2433, in minor group 243 (Business, research and administrative professionals) and major group 2 (Professional occupations).
• Appendix Skilled Occupations (figures as at 3 August 2026, re-checked 26 October 2026): On the list: Table 1, Table 2.
• Going rate as the tables print it:
  • Table 1, Going rate (SW – options A and D): £55,100 (£28.26 per hour)
  • Table 2, Going rate (SW – options F and I, GBM and SCU): £40,700 (£20.87 per hour)

What the ONS says

Description

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 entry routes

Entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and mandatory for actuarial occupations.

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

Related job titles

• Actuarial consultant
• Actuary
• Bioinformatician
• Economist
• Financial engineer
• Statistician
• Statistical analyst
• Web analyst

What the Appendix Skilled Occupations says

The Appendix lists this code in the tables below, with the tables’ own caption and the row as printed. Read the full table, and any condition in it, on GOV.UK.

Table 1: Eligible SOC 2020 occupation codes and related going rates based on median Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

2433 Actuaries, economists and statisticians

Examples of related job titles (non-exclusive)

• Actuaries and actuarial analysts
• Economists
• Mathematicians
• Statistical data scientists
• Statisticians
• Actuaries, economists and statisticians not elsewhere classified

Going rate (SW – options A and D)

£55,100 (£28.26 per hour)

90% of going rate (SW – option B)

£49,600 (£25.44 per hour)

80% of going rate (SW – option C)

£44,100 (£22.62 per hour)

70% of going rate (SW – option E)

£38,600 (£19.79 per hour)

Eligible for PhD points (SW)?

Yes

Table 2: Eligible SOC 2020 occupation codes and related going rates based on 25th percentile Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

2433 Actuaries, economists and statisticians

Equivalent SOC 2010 occupation code(s)

2425

Examples of related job titles (non-exclusive)

• Actuaries and actuarial analysts
• Economists
• Mathematicians
• Statistical data scientists
• Statisticians
• Actuaries, economists and statisticians not elsewhere classified

Going rate (SW – options F and I, GBM and SCU)

£40,700 (£20.87 per hour)

90% of going rate (SW – option G)

£36,600 (£18.77 per hour)

80% of going rate (SW – option H)

£32,500 (£16.67 per hour)

70% of going rate (SW – option J, GTR)

£28,500 (£14.62 per hour)

Eligible for PhD points (SW)?

Yes

Other unit groups in minor group 243

• 2431 Management consultants and business analysts
• 2432 Marketing and commercial managers
• 2434 Business and related research professionals
• 2435 Professional/chartered company secretaries
• 2439 Business, research and administrative professionals n.e.c.

Sources

Occupation text: Office for National Statistics, SOC 2020 Volume 1: structure and descriptions of unit groups (file dated 27 August 2026, version V13). Contains public sector information licensed under the Open Government Licence v3.0. Open Government Licence v3.0. Tables: Home Office, Immigration Rules Appendix Skilled Occupations on GOV.UK, page updated 3 August 2026; re-checked against the page updated 8 October 2026 on 26 October 2026, tables unchanged.

All 412 occupation codes

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