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
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)
Industry
Science and Technology
Related Careers
Other careers in this industry include:
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