2433SOC 2020 · 2 · 24 · 243Higher Skilled · Table 1

Actuaries, economists and statisticians: UK Skilled Worker visa and SOC 2433

Higher Skilled

Rules checked against GOV.UK 6 November 2026 · Compiled by SWC Editorial Team

Can you get a Skilled Worker visa as an actuaries, economist or statistician?

Yes. You can get a UK Skilled Worker visa as an actuaries, economist or statistician (SOC 2433) if you meet the requirements below.

What you need

You must have:

  • a job offer from a UK employer that's allowed to sponsor visas (check the sponsor list)
  • a "certificate of sponsorship" from that employer: a reference number with details of your job
  • a salary of at least £55,100 a year
  • English at level B2: you can usually prove it with an approved test or a degree taught in English (ways to prove it)
  • £1,270 in savings, unless your employer covers your first month or you've been in the UK for 12 months or more

You can be paid less than £55,100 in some cases:

  • £38,600 a year if you’re a new entrant
  • £49,600 a year with a PhD relevant to the job
  • £44,100 a year with a science, technology, engineering or maths (STEM) PhD relevant to the job

You're a new entrant if, for example, you're under 26, recently finished studying in the UK, or are working towards a professional qualification. Check who counts as a new entrant.

How much it costs

Visa fee, applying from outside the UK£819 for up to 3 years
£1,618 for more than 3 years
Visa fee, applying from inside the UK£943 for up to 3 years
£1,865 for more than 3 years
Healthcare surchargeusually £1,035 a year
Savings to show (if needed)£1,270

For example, a 3-year visa from outside the UK costs £819 plus £3,105 for the healthcare surcharge: £3,924 in total. Your partner and children pay too if they come with you. Full fees.

How long it takes

  • You'll usually get a decision within 3 weeks if you apply from outside the UK.
  • It's usually 8 weeks if you apply from inside the UK.
  • Your visa can last up to 5 years. You can extend it.
  • After 5 years you may be able to apply to settle in the UK.

How to apply

  1. Get a job offer from a licensed sponsor and ask for this job's occupation code (2433).
  2. Get your certificate of sponsorship reference number from your employer.
  3. Prove your English and get your documents ready (documents list).
  4. Apply online on GOV.UK: apply from outside the UK. You'll pay the fee and the healthcare surcharge.
  5. Prove your identity, using the ID Check app or at a visa application centre.

Things to check

  • Do make sure the job description matches the work you'll actually do. The occupation code must fit the job.
  • Do check your employer is on the licensed sponsor list.
  • Don't apply before you have a certificate of sponsorship. You need a confirmed job offer first.
  • Don't count overtime, bonuses or allowances. Only guaranteed basic pay counts towards the salary.
  • Don't change job or employer without updating your visa.

Based on the UK Immigration Rules and the Skilled Worker visa guide on GOV.UK. This is a summary, not advice about your own situation.

The rules in detail

SOC 2020 code 2433 (Actuaries, economists and statisticians) is Higher Skilled (RQF level 6 or above) and is listed in Table 1 of Appendix Skilled OccupationsT1 · 29 Oct 26 with a going rate of £55,100 a year (£28.26 an hour). Under points option A the salary must also be at least £41,700 a year.

Source: Appendix Skilled Occupations and eligible occupations and codes, GOV.UK.
Key facts for SOC 2433
OccupationActuaries, economists and statisticians
Skilled Worker eligibilityHigher Skilled
Going rate£55,100 a year (£28.26 an hour)T1
Appendix table(s)Table 1, Table 2
Immigration Salary ListNo
Temporary Shortage ListNo
Eligible for PhD pointsYes
Equivalent SOC 2010 code(s)2425
SOC 2020 group24 Business, media and public service professionals › 243 Business, research and administrative professionals

Going rates for 2433 in Appendix Skilled Occupations

A code can appear in more than one table. Each table applies to different applicants. Rates are per year for a 37.5-hour week and must be pro-rated for other hours.

Table and who it applies toGoing rate90%80%70%
Table 1The main table for Skilled Worker applications. Going rates are based on median earnings (ASHE). £55,100
£28.26/hr		£49,600
£25.44/hr		£44,100
£22.62/hr		£38,600
£19.79/hr
Table 2Rates based on 25th-percentile earnings. Used for Health and Care ASHE salary jobs, and for people granted Skilled Worker permission before 4 April 2024 who have held it continuously and apply before 4 April 2030. Also the rates for Global Business Mobility and Scale-up. £40,700
£20.87/hr		£36,600
£18.77/hr		£32,500
£16.67/hr		£28,500
£14.62/hr

Salary thresholds that apply to 2433

Under Appendix Skilled Worker, the salary must equal or exceed both the general threshold and the going-rate figure for the points option used. This table puts the two figures side by side for each option. It does not say which option applies to any person. See salary thresholds for the conditions on each option.

Options A–E (going rates from Table 1)
OptionConditionGeneral thresholdGoing-rate figureHigher of the two
AStandard £41,700£55,100 (100%) £55,100
BThe applicant has a PhD in a subject relevant to the job £37,500£49,600 (90%) £49,600
CThe applicant has a PhD in a STEM subject relevant to the job £33,400£44,100 (80%) £44,100
DThe applicant is being sponsored for a job on the Immigration Salary List (this code is not on the list) £33,400Not applicable –
EThe applicant is a new entrant at the start of their career £33,400£38,600 (70%) £38,600
Options F–J (going rates from Table 2)
OptionConditionGeneral thresholdGoing-rate figureHigher of the two
FStandard £31,300£40,700 (100%) £40,700
GThe applicant has a PhD in a subject relevant to the job £28,200£36,600 (90%) £36,600
HThe applicant has a PhD in a STEM subject relevant to the job £25,000£32,500 (80%) £32,500
IThe applicant is being sponsored for a job on the Immigration Salary List (this code is not on the list) £25,000Not applicable –
JThe applicant is a new entrant at the start of their career £25,000£28,500 (70%) £28,500

Job titles under SOC 2433

GOV.UK lists these related job titles:

  • Actuaries and actuarial analysts
  • Economists
  • Mathematicians
  • Statistical data scientists
  • Statisticians
  • Actuaries, economists and statisticians not elsewhere classified
More job titles from the ONS SOC 2020 index (8)
  • Actuarial consultant
  • Actuary
  • Bioinformatician
  • Economist
  • Financial engineer
  • Statistician
  • Statistical analyst
  • Web analyst

What the job 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

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.

Description: ONS SOC 2020 Volume 1.

Questions about SOC 2433

Can you get a Skilled Worker visa as an actuaries, economist or statistician?

Yes. You can get a UK Skilled Worker visa as an actuaries, economist or statistician (SOC 2433) if you meet the requirements: a job offer from a licensed sponsor, a certificate of sponsorship, the minimum salary, and English at level B2. SOC 2020 code 2433 (Actuaries, economists and statisticians) is Higher Skilled (RQF level 6 or above) and is listed in Table 1 of Appendix Skilled Occupations with a going rate of £55,100 a year (£28.26 an hour). Under points option A the salary must also be at least £41,700 a year.

What is SOC code 2433?

2433 is the SOC 2020 code for Actuaries, economists and statisticians. 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.

What is the going rate for SOC code 2433?

Table 1 of Appendix Skilled Occupations gives a going rate of £55,100 a year (£28.26 an hour) for 2433, based on a 37.5-hour week. It must be pro-rated for other working hours.

What job titles use SOC code 2433?

GOV.UK lists: Actuaries and actuarial analysts, Economists, Mathematicians, Statistical data scientists, Statisticians, Actuaries, economists and statisticians not elsewhere classified.

Sources

Compiled by SWC Editorial Team from the sources above. An information summary, not immigration advice. Report an error on this page.