Actuaries, Mathematicians and Statisticians

Career Cluster: Informer
Actuaries, mathematicians, and statisticians are highly analytical and detail-oriented individuals who excel at problem-solving.

Actuaries, mathematicians, and statisticians have a fulfilling and rewarding career. They get to use their analytical skills to solve complex problems and make informed decisions that have a significant impact on businesses and society. They work in a variety of industries, including insurance, finance, healthcare, and government, which provides them with diverse opportunities to apply their expertise. They also have the flexibility to work independently or as part of a team, depending on their preference. Additionally, these professionals are highly respected and well-compensated, making it a desirable career choice for those who enjoy working with numbers and data. Overall, the work of actuaries, mathematicians, and statisticians is challenging, intellectually stimulating, and offers a sense of purpose and accomplishment.

Possible Pathways
To become an actuary, mathematician or statistician, one typically needs a bachelor’s degree in mathematics, statistics or a related field. Additionally, many employers require or prefer candidates to have a master’s degree in a related field. These professions also require extensive training in data analysis, computer programming, and mathematical modeling. Certification from professional organisations may also be necessary for certain positions. Overall, a strong foundation in mathematics and statistics, combined with practical experience and professional certification, is essential for success in these fields.

Strong

projected growth

Small

size of field

Average

hours worked
Enterprise
Interest areas
Most Common industries
Data Analysis
Mathematics
Probability
Risk assessment
Statistics
core skills

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Projected Growth Source: Jobs and Skills Australia, labourmarketinsights.gov.au, 2021 Employment projections for the five years to 2026.
Size of Field Source: ANZSCO 4-digit occupations: ABS Labour Force Survey, February 2023, custom trend.
Hours Worked Source: ABS Survey of Employee Earnings and Hours, May 2021, Customised Report.