If you’re on the path to becoming an actuary, you already know the grind of preparing for SOA exams is intense. But here’s a secret that often gets overlooked: mastering soft skills alongside your technical expertise can be a game-changer for your actuarial career growth in 2026 and beyond. The actuarial profession is evolving fast, and employers increasingly value professionals who can communicate complex ideas clearly, collaborate well, and lead with confidence. So how do you build these essential skills while navigating the challenging exam process? Here’s a practical, five-step guide to help you grow your soft skills and maximize your career potential as you progress through SOA exams.

First, let’s talk about why soft skills matter. Actuaries are not just number crunchers—they’re problem solvers, strategic advisors, and often the bridge between data and decision-makers. According to the U.S. Bureau of Labor Statistics, actuarial jobs are expected to grow 22% through 2034, which is much faster than average[5]. With growing demand, especially in areas like risk management, health insurance modeling, and cybersecurity risk, employers want actuaries who can translate technical results into actionable business insights. Strong communication, teamwork, and leadership skills help you stand out in this competitive field and open doors to senior roles like chief risk officer or chief financial officer[3][4].

Step 1: Build Effective Communication Skills Early

Start by honing your ability to explain complex actuarial concepts in simple terms. You might be comfortable with statistics and financial models, but can you convey their implications to non-technical stakeholders? Practice writing concise reports and delivering presentations—even small group discussions count. For example, after studying a topic, try summarizing the key points as if you were explaining them to a friend or family member. This practice makes your thinking clearer and your communication more relatable.

Another practical tip: seek feedback on your writing and speaking. Join study groups or professional networks where you can present your ideas and receive constructive criticism. Over time, this feedback loop will sharpen your clarity and confidence. Remember, clear communication can turn a routine analysis into a powerful business recommendation.

Step 2: Cultivate Collaboration and Networking

Actuarial work is rarely done in isolation. You’ll collaborate with underwriters, marketers, finance teams, and IT professionals. Learning to work well with diverse groups will boost your effectiveness and your reputation. Make it a habit to listen actively and respect different perspectives. When studying for exams, form or join study groups to share knowledge and support one another. This builds teamwork skills while reinforcing your own learning.

Networking beyond your immediate circle is also crucial. Attend industry events or webinars, connect with mentors, and engage in online actuarial communities. These connections can expose you to different career paths and open doors to new opportunities. Plus, people prefer working with actuaries who are approachable and team-oriented.

Step 3: Develop Problem-Solving and Critical Thinking Abilities

While SOA exams test technical knowledge, real-world actuarial challenges often require creative problem-solving. Practice applying your exam concepts to practical scenarios. For instance, consider how emerging risks like climate change or cybersecurity affect insurance pricing and risk management strategies. Try to think beyond formulas—how do your calculations influence business decisions?

One way to sharpen these skills is through case studies or internships. If you’re working, volunteer for projects that stretch your analytical and strategic thinking. Challenge yourself to propose solutions rather than just identifying problems. Over time, this approach will help you become a trusted advisor, not just a data analyst.

Step 4: Strengthen Leadership and Time Management Skills

Balancing SOA exams with work and personal life is a challenge that demands strong time management. Actuaries who can prioritize tasks, set realistic goals, and maintain discipline will advance faster. Use tools like planners or digital apps to organize study schedules and deadlines. Break down large topics into manageable chunks and reward yourself for milestones.

Leadership skills start with self-leadership—taking ownership of your learning and career progression. As you gain experience, look for opportunities to lead study groups, mentor juniors, or take on small team responsibilities at work. Leadership is about influence and support, not just authority. Developing these skills prepares you for future managerial roles and demonstrates your readiness for greater responsibility.

Step 5: Embrace Continuous Learning and Adaptability

The actuarial field is dynamic, with rapid advancements in data analytics, modeling techniques, and regulatory environments. Staying current requires a mindset of continuous learning beyond exams. Attend workshops, earn certifications in emerging areas like ESG risk or cybersecurity, and read industry publications.

Adaptability is equally important. The ability to pivot when faced with new challenges or technologies sets you apart. For example, actuaries now need to incorporate big data analytics and machine learning into their work. Embracing these changes rather than resisting them shows resilience and eagerness to grow.

Let’s put this all in perspective. The median annual salary for actuaries was around $125,770 in 2024, with job growth outpacing most professions[5]. However, those who combine technical prowess with strong soft skills often move faster up the ladder, gaining leadership roles and higher compensation[3][4]. The exam journey may take several years, but investing in soft skills alongside your studies accelerates your career and makes the work more rewarding.

In practice, you might start by explaining an actuarial report to your team using plain language, then volunteer to lead the next meeting. Join a study group and actively participate in discussions, or reach out to a mentor for career advice. Take on a small project that requires cross-department collaboration or present a new idea based on recent industry trends. These actions, while seemingly small, build the foundation for a successful actuarial career in 2026 and beyond.

Remember, your exams test your technical knowledge, but your soft skills will shape your career trajectory. The best actuaries aren’t just math experts—they’re effective communicators, collaborative team players, creative problem-solvers, and adaptive leaders. By balancing your SOA exam preparation with focused soft skill development, you’ll position yourself to thrive in the evolving actuarial profession. Keep pushing forward—your future self will thank you.