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An Actuarial Consultant provides expert advice on financial risk and uncertainty. You might work for insurance companies, consultancy firms, or government agencies. Actuarial Consultants use mathematics, statistics, and financial theory to study uncertain future events, particularly those of concern to insurance and pension programs. You’ll develop models to assess risks and forecast future scenarios, ensuring organisations make informed financial decisions.
Actuarial Consultants play a crucial role in financial stability. You’ll need to be analytical and detail-oriented, with strong problem-solving skills. You’ll collaborate with clients and other professionals to provide tailored solutions, ensuring compliance with regulations and industry standards. Effective communication skills are essential to explain complex concepts to non-experts.
There are 2 courses available for people who want to become an Actuarial Consultant.
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 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.
We’ll find nearby campuses and check if you’re eligible for funding in your state.
Here are some potential career pathways within consulting and strategy, 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.
Consulting and Strategy
Agricultural Economist
$1,250 weekly pay
Business Specialist
$1,540 weekly pay
Corporate Finance Analyst
Data Business Analyst
Economic Analyst
$1,480 weekly pay
Economic Forecaster
Information Analyst
Innovation Strategist
International Development Consultant
$1,970 weekly pay
International Relations Specialist
$1,609 weekly pay
Performance Analyst
$1,730 weekly pay
Resource Economist
Strategic Advisor
Strategic Planner
Technology Consultant
$1,820 weekly pay
Acquisition Manager
$1,500 weekly pay
Actuarial Consultant
Analytics Consultant
Business Adviser
Business Analyst
$1,920 weekly pay
Business Architect
Business Consultant
Business Data Analyst
Business Development Consultant
Business Process Analyst
Business Process Manager
Change And Communications Manager
$2,300 weekly pay
Change Management Consultant
Chartered Financial Analyst
Chief Marketing Officer (CMO)
Corporate Services Manager
$2,958 weekly pay
Credit Risk Analyst
Design Consultant
Digital Business Analyst
$2,100 weekly pay
Digital Transformation Manager
$2,675 weekly pay
Economics Consultant
Economist
$1,900 weekly pay
Financial Analyst
$2,125 weekly pay
Financial Engineer
Global Management Consultant
$2,115 weekly pay
Global Supply Chain Manager
$2,410 weekly pay
Government Consultant
$5,000 weekly pay
Head of Digital Strategy Transformation
$3,500 weekly pay
Health Economist
Innovation Consultant
$2,215 weekly pay
International Business Consultant
International Business Strategist
International Trade Specialist
Investment Consultant
Macroeconomist
Management Consultant
Market Research Consultant
Marketing Consultant
Operations Analyst
Organisational Development Consultant
Project Management Consultant
Public Affairs Consultant
Senior Business Analyst
Strategic Analyst
Strategy Consultant
Strategy Manager
Venture Capitalist
Insurance Services
Assistant Broker
$960 weekly pay
Assistant Underwriter
Claims Officer
$1,050 weekly pay
Actuarial Analyst
Claims Consultant
$1,150 weekly pay
Claims Specialist
Insurance Analyst
Insurance Broker
$1,350 weekly pay
Insurance Claims Assessor
Insurance Consultant
Insurance Specialist
Insurance Underwriter
Risk Advisor
Risk Analyst
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