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An Actuarial Analyst assesses financial risks using mathematics, statistics, and financial theory. You might work in an insurance company, consultancy, or financial institution. Actuarial Analysts focus on analysing data to predict future risks and financial costs. You’ll prepare reports and provide advice on risk management, pricing strategies, and investment decisions.
Actuarial Analysts play a crucial role in financial planning and risk assessment. You’ll need to be analytical and detail-oriented and be able to communicate complex information clearly. You’ll liaise with other professionals to ensure accurate data interpretation and effective risk management strategies.
There are 6 courses available for people who want to become an Actuarial Analyst. These are the top 5 most popular courses.
Possible job outcomes:
The Master of Actuarial Science is designed to provide students with a deep understanding of actuarial principles and practices. This course equips students with analytical skills to assess financial risks and offers insights into insurance, pensions, and financial planning. It covers a range of topics including probability, statistics, and financial mathematics, essential for actuarial analysis. Ideal for those with a strong interest in mathematics and finance, this course prepares graduates for a challenging and rewarding career in the actuarial profession. .
Average duration: 18 months.
The Master of Actuarial Studies provides training in data analytics and quantitative risk management, ideal for an actuarial career and roles in finance. This course teaches students to apply advanced analytical techniques, offering valuable data insights and analytics. It also helps develop a specialist skill set in actuarial models, financial mathematics, probability, and machine learning/artificial intelligence analytics, combined with a strong foundation in commerce. This blend of skills prepares students for the analytical challenges of contemporary finance and insurance industries. .
Average duration: 24 months.
The Bachelor of Actuarial Studies (Honours) is tailored for graduates of the Bachelor of Actuarial Studies aiming to enhance their expertise and gain a competitive advantage. This course focuses on developing advanced analytical, problem-solving, and research skills through a significant research thesis. Actuaries play a vital role in measuring and managing risk, aiding businesses, governments, not-for-profit organisations, and individuals in making crucial future decisions. This degree equips students with highly sought-after skills in various professional settings. .
Average duration: 12 months.
The Bachelor of Commerce (Actuarial Studies) equips students to pinpoint, scrutinise, and measure risks through mathematical, econometric, and financial frameworks. Emphasising skills applicable to fields such as pension, insurance, risk management, and fund management, this course imparts forecasting and econometric modelling expertise. Graduates will be adept at deploying these skills in diverse business environments across both the public and private sectors..
Average duration: 3 years.
Looking for a career in risk management, insurance, superannuation, or actuarial research? The Bachelor of Actuarial Studies will teach you how to assess and manage financial risks to individuals, corporations, and governments. Your studies begin with an introduction to macro and microeconomics as well as the key modelling tools used by actuaries. You’ll then explore financial mathematics, probability and statistics, data visualisation, risk management and analytics, and quantitative data science. Even better, you can complete this degree alongside complementary disciplines including commerce, economics, and information systems. Enquire now for admissions criteria, actuarial career outcomes, and universities near you that offer the Bachelor of Actuarial Studies..
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Here are some potential career pathways within insurance services and mathematics and statistics. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Insurance Services
Assistant Broker
$960 weekly pay
Assistant Underwriter
Claims Officer
$1,050 weekly pay
Actuarial Analyst
$1,250 weekly pay
Claims Consultant
$1,150 weekly pay
Claims Specialist
Insurance Analyst
Insurance Broker
$1,350 weekly pay
Insurance Claims Assessor
$1,540 weekly pay
Insurance Consultant
Insurance Specialist
Insurance Underwriter
Actuarial Consultant
$1,500 weekly pay
Risk Advisor
Risk Analyst
$1,920 weekly pay
Mathematics and Statistics
Applied Mathematician
Applied Statistician
Bioinformatician
Biomathematician
Computer Vision Engineer
Econometrician
Mathematical Modeller
Mathematician
$1,440 weekly pay
Operations Research Analyst
Physicist
Quantitative Analyst
Quantitative Researcher
Statistical Analyst
Statistician
Actuary
Biostatistician
Computational Physicist
Financial Engineer