Career

Actuaries, Mathematicians and Statisticians

Science and Technology

Career stats

Weekly pay

$1,931

Prospects

Medium

Employed in Australia

16,600

Growth

Strong growth

Overview

Actuaries, Mathematicians and Statisticians develop and apply actuarial, mathematical, statistical and quantitative principles and techniques to solve problems in a range of fields such as business and finance, scientific and social research, and engineering. Econometricians are excluded from this unit group.

Job Titles

mdi-briefcase-variant Actuary
mdi-briefcase-variant Mathematician
mdi-briefcase-variant Statistician

Job Tasks

This occupation may include associated occupations with varying tasks.

  • defining analysing and solving complex financial and business problems relating to areas such as insurance premiums annuities superannuation funds pensions and dividends
  • examining financial projections for general insurance companies finance companies government and other organisations
  • designing new types of policies assessing risks and analysing investments in life insurance superannuation funds health insurance friendly societies financial markets and other areas
  • formulating mathematical models to simulate processes
  • applying models to experimental observations and adjusting and recasting the models
  • using numerical analysis methods to develop algorithms and perform computations
  • liaising with management and clients to determine the subject or area to be surveyed or examined
  • specifying the data to be collected and the methodology to be used in collection and analysis
  • evaluating and describing the reliability and utility of source information
  • analysing and interpreting data and producing relevant statistics to describe and infer particular trends and patterns

Training & Qualifications

University

  • Bachelor of Science
  • Bachelor of Actuarial Studies

 

Short Courses Available

  • Undergraduate Certificate in Computer Science
  • Undergraduate Certificate in Cyber Security
  • Undergraduate Certificate in Data Science
  • Undergraduate Certificate in Information and Communications Technology
  • Graduate Certificate in Computing
  • Graduate Certificate in Data Engineering
  • Graduate Certificate in Professional Practice (Data Science)
More about University

Industry

Science and Technology

If you have a passion for all things science, working in the Science & Technology Industry might be for you. This industry includes jobs such as Medical Scientists, Science Technicians, Life Scientists, Environmental Scientists, Agricultural and Forestry Scientists, and Actuaries, Mathematicians and Staticians.

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