The credentialing and examination procedure for becoming a fully qualified actuary can be intensely demanding. Consequently, the profession remains very small throughout the world. As a result, actuaries are in high demand, and they are highly paid for the services they render. In the UK, where there are approximately 8,000 fully qualified actuaries, typical post-university starting salaries range between £25,300 and £35,000 (approx. $50,100–US$69,300 c. January 2008) and newly qualified actuaries in insurance companies earn somewhere between £46,000 and £55,000 (approx. US$91,100–US$108,900 c. January 2008) per year. Many successful actuaries earn over £100,000 a year (approx. US$198,000 c. January 2008). These reflect nationwide salaries and numbers are likely to be higher in London or in the South East of England

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