Actuaries, Mathematicians and Statisticians
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.
Strong Future Growth
1931 Weekly Pay Before Tax
79% full-time Full-Time Share
43% female Gender Share
There are many tasks done by actuaries, mathematicians and statisticians. A few are listed below:
- 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
- Operations Research Analyst
Women in STEM
"To me, innovation comes from having the freedom to daydream a little and explore questions that just grab your attention and mean something to you."
"Being a mathematician, I am not afraid of failure. It has always been a part of my life – it just gives me a chance to do things again – get a better solution, solve a bigger problem. "
"Take the subject that you like and the one that appeals to you and work at that, and if that’s mathematics, do it. There’s a great joy in mathematics!"
Mathematician and statistician
"My first hero was Hanna Neumann … the first woman to become a full professor of mathematics at an Australian university. She … was such a great teacher and mathematician."
Emeritus Professor of Mathematics
Protecting forests with maths
Cristina Aponte is a Forest Scientist who uses Maths to study and protect our forests. In nature, just like in Maths, there is always something waiting to be discovered.WATCH THE VIDEO