AustralianCourses
Career pathway

Actuaries, Mathematicians and Statisticians

ANZSCO 2241

Employed

12,600

Part-time share

17%

Female share

49%

Median weekly earnings

$2,072

Median age

38 yrs

Employment outlook

Growing

Source: Jobs and Skills Australia · ABS 2021 Census of Population and Housing.

Actuaries, Mathematicians and Statisticians is a job in Australia. The job figures on this page come from Jobs and Skills Australia and the ABS Census, where they are published. The courses listed here lead to this job. Compare the fee, study mode, length, place, and how to get in before you enquire.

Courses linked to this job include Certificate IV in Data Foundations and Diploma of Data Analytics.

Jobs and Skills Australia rates the job outlook as Growing.

Jobs, part-time share, age, and pay appear on this page only when Jobs and Skills Australia or the ABS has published them for Actuaries, Mathematicians and Statisticians. A blank is a missing figure, not a pay of zero. The courses below are linked to this job. Open one to compare the fee, study mode, length, campus, and how to get in.

There is no single national fee or length for training that leads to Actuaries, Mathematicians and Statisticians. Each provider sets its own price, study mode, and entry rules. Those rules can include past study, an English level, work experience, or an interview. Check the AQF level, and whether you study in Australia or online, before you enquire.

About this career

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.

What they typically do

  • 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

States and territories

Share of workers by location

NSW
45.2%
VIC
27.3%
QLD
8.5%
SA
6.3%
WA
5.6%
ACT
4.7%
TAS
1.4%
NT
1.1%

Qualification pathways

These accredited qualifications can lead to a career as an Actuaries, Mathematicians and Statisticians.