Mathematicians, statisticians and actuaries (NOC 2161)

About this job

Mathematicians, statisticians and actuaries:

  • research mathematical or statistical theories, and develop and apply mathematical or statistical techniques for solving problems in fields such as science, engineering, business and social science
  • apply mathematics, statistics, probability and risk theory to assess potential financial impacts of future events
  • work for universities, governments, bank and trust companies, insurance companies, pension benefit consulting firms, professional associations and science and engineering consulting firms
Common job titles
  • actuary
  • actuary, casualty / insurance / life
  • analyst, actuarial / statistical
  • statistician, business and economics
  • statistician, chemistry
  • statistician, consulting pension
  • actuary
  • actuary, casualty / insurance / life
  • analyst, actuarial / statistical
  • biometrician / biostatisician
  • consultant, statistical
  • cryptanalyst / cryptographer

Duties

Mathematicians

  • carry out research to gain mathematical knowledge in traditional areas such as algebra, geometry, probability and logic
  • apply mathematical techniques to problem solving in areas like physical science, engineering, computer science, operations research, business or management

Statisticians:

  • carry out research into the mathematical basis of the science of statistics
  • develop statistical methods and advise on the practical application of statistical methods
  • apply statistical techniques to provide information in fields such as biological and agricultural science; business and economics; physical sciences and engineering; and the social sciences

Actuaries:

  • apply mathematical models to forecast and calculate the probable future costs of insurance and pension benefits
  • design life, health, and property insurance policies and calculate premiums, contributions and benefits for insurance policies, pensions and superannuation plans
  • assist investment fund managers in portfolio asset distribution decisions and risk management
  • use these techniques to provide legal evidence on the value of future earnings

Work environment

Work in this occupation is typically performed in a structured environment, such as an office or school.

Career paths and resources

Career paths

With experience, actuaries may progress to managerial positions in consulting, insurance and finance. They may also be self-employed.

Additional resources

Additional resources are not currently available for this career.