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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.
Analyses mathematical, statistical, demographic, financial or economic data to predict and assess the long-term risk involved in financial decisions and planning. Registration or licensing is required.
Develops and applies mathematical principles and techniques to solve problems in all areas of the sciences, engineering, technology, social sciences, business, industry and commerce.
Specialisations: Operations Research Analyst
Designs and applies statistical principles and techniques for collecting, organising and interpreting quantifiable data, and uses statistical methodologies to produce statistical reports and analyses for government, commercial and other purposes.
Specialisations: Biometrician, Demographer, Epidemiologist
Earnings are for full-time workers before tax, excluding superannuation. Earnings are a guide only and can vary greatly.
Likely change in the number of jobs over the next 5 years, based on the Department of Jobs and Small Business projections.
Skill Level is the education or training usually needed to do well in this job. Relevant experience is sometimes viewed just as highly.
Employment Size is the number of people who work in this job in Australia.
An above average unemployment rate shows people who do this job are more likely to be out of work than people who do other jobs.
Full-time workers usually work 35 hours or more a week (in all their jobs combined).
This is a small occupation employing 8,400 workers. The number of workers has grown very strongly over the past 5 years. Over the next 5 years (to May 2022) the number of workers is expected to grow very strongly to 9,800. Around 9,000 job openings are likely over this time from workers leaving and new jobs being created (a large number for an occupation of this size).
No data is available for the selected graph for this Occupation.
A Bachelor Degree or higher, or at least 5 years of relevant experience is usually needed to work in this job. Most workers have a post-graduate degree.
If you are interested in this style of work, there are a wide range of training options available that could lead to this or a similar job. The pathway that is right for you will depend on your skills and interests.
It is a good idea to speak to industry bodies, employers, and workers to learn more about the skills and qualifications you will need.
Employers look for Actuaries, Mathematicians and Statisticians who have strong attention to detail, can communicate clearly and can work well in a team.
The topics, subjects, or knowledge areas workers rate as most important are shown below.
Arithmetic, algebra, geometry, calculus, or statistics.
Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
English language including the meaning and spelling of words, rules of composition, and grammar.
Teaching and course design.
Planning and coordination of people and resources.
Skills can be improved through training or experience. The skills workers rate as most important are shown below.
Use maths to solve problems.
Thinking about the pros and cons of different ways to solve a problem.
Reading work related information.
Listening to others, not interrupting, and asking good questions.
Being able to use what you have learnt to solve problems now and again in the future.
The physical and social abilities workers rate as the most important are shown below.
Choose the right maths method or formula to solve a problem.
Use rules to solve problems.
Make general rules or come up with answers from lots of detailed information.
Add, subtract, multiply, or divide.
Order or arrange things (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.The importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 15-2041.00 - Statisticians.
Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.
The work activities workers rate as most important are shown below.
Looking at, working with, and understanding data or information.
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Compiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.
Giving information to supervisors, co-workers, and staff by telephone, in written form, e-mail, or in person.
Helping people to understand and use information.
The physical and social demands workers face most often are shown below.
How much time do you spend sitting?
How often do you use electronic mail?
How important is being very exact or highly accurate?
How much freedom do you have to make decision on your own?
How often do you talk with people face-to-face?
Work values are important to a person’s feeling of satisfaction. All six values are shown below.
Work alone and make decisions. Workers are able to try out their own ideas, make decisions on their own, and work with little or no supervision.
Results oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
Advancement and the potential to lead. Workers are recognised for the work that they do, they may give directions and instructions to others, and they are looked up to in their company and their community.
Serve and work with others. Workers usually get along well with each other, do things to help other people, and are rarely pressured to do things that go against their sense of right and wrong.
Job security and good working conditions. There is usually a steady flow of interesting work, and the pay and conditions are generally good.
Supportive management that stands behind employees. Workers are treated fairly by their company, they are supported by management, and have supervisors who train them well.
Interests are the style or type of work we prefer to do. All interest areas are shown below.
Following set procedures and routines. Working with numbers and details more than with ideas, usually following rules.
Ideas and thinking. Searching for facts and figuring out problems in your head.
Practical, hands-on work. Often with plants, animals, and materials like wood, tools, and machinery.
Working with forms, designs and patterns. Often need self-expression and can be done without following rules.
Starting up and carrying out projects. Leading people and making many decisions. Sometimes require risk taking and often deal with business.
Working with people. Helping or providing service to others.