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.
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Actuaries, Mathematicians and Statisticians
- How many are employed in this occupation?
- What are the average weekly earnings for full time workers ($ before tax)?
- How does unemployment compare with other occupations?
- What are the job prospects for this occupation?
- What will be the likely future employment growth for the next five years?
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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
- Bachelor of Mathematics
- Bachelor of Science - Mathematics and Statistics
- Bachelor of Commerce / Bachelor of Science
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