2161-NOC

Mathematicians, statisticians and actuaries

(NOC 21210)
Annual Earnings
$88,242
Training, Education, Experience and Responsibilities
University Degree
Job Openings
(2023-2033)
250

Career Overview

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

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

Earnings

Earnings is income that workers receive in exchange for their labour. Depending on the type of employment, earnings can be in the form of wages (hourly), salaries (fixed monthly or annual) or self-employed earnings.

Annual Earnings

$88,242

Provincial Hourly Rate

High$48.08/hr
Median$42.31/hr
Low$38.46/hr
Source: B.C. Labour Market Information Office, derived from 2023 Job Bank Wage data

Work Environment

# Workers Employed

785

% Employed Full Time

72%
Source: 2021 Census

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

Career Pathways

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

Occupational Interests

It’s important to understand what kinds of occupations align with your interests.

For more about occupational interests visit Skills for the Future Workforce > Characteristics.

Here are the top occupational interest(s) for this career profile:

Investigative
Investigative

Job Titles

Actuary
Biostatistician
Consulting actuary
Demographer
Insurance actuary
Mathematician
Statistical analyst
Statistician

Education, Training and Skills

  • Mathematicians and statisticians usually require a graduate degree in mathematics or statistics
  • Actuaries usually require post-secondary education in actuarial science, mathematics, statistics, economics, commerce or business administration
  • Actuaries are conferred fellowships through the Canadian Institute of Actuaries upon successful completion of professional examinations
    and
    Three years of work experience in the actuarial field as an actuarial assistant or in a related position

Education programs in B.C.

The following program areas are related to this occupation:

  • Math/Statistics Related (Arts)
  • Math/Statistics (Science)
EducationPlannerBC Logo
Find out more information about programs offered specifically for this career.

Skills

Every job calls for a certain set of skills. Knowing those skills is the first step in finding a good career fit.

Here, you will find the 10 most relevant workplace skills. Some are more important to achieving success in a certain career than others. These skills may come naturally to you or you may need to gain them through education, training and experience.

See the list of work-related skills below, ranked in order of importance for this career. Check out the list and see if this career matches your skills—take that first step!

Mathematics

Using mathematics to solve problems.

82%
Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

76%
Reading Comprehension

Understanding written sentences and paragraphs in work-related documents.

75%
Complex Problem Solving

Being able to solve novel, ill-defined problems in complex, real-world settings.

73%
Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

70%
Judgment and Decision Making

Considering the relative costs and benefits of potential actions to choose the most appropriate one.

70%
Active Learning

Understanding how new information could be used to solve current and future problems in making decisions.

69%
Speaking

Talking to others to share information effectively.

69%
Writing

Communicating effectively in writing as appropriate for the needs of the audience.

67%
Systems Analysis

Determining how a system should work and how changes in conditions, operations and the environment will affect outcomes.

61%

Labour Market Statistics

Discover data, facts and information that have been gathered and analyzed. Learn about the characteristics of the economy and labour market in B.C.

Employment

Find out about employment types and trends by region and industry.

Employment

785
Source: 2021 Census

Employment by Region

Map of BC Map of BC highlighting Cariboo region Map of BC highlighting Kootenay region Map of BC highlighting Mainland/Southwest region Map of BC highlighting North Coast and Nechako region Map of BC highlighting Northeast region Map of BC highlighting Thompson-Okanagan region Map of BC highlighting Vancouver Island/Coast region
Cariboo
Kootenay
Mainland/Southwest
North Coast and Nechako
Northeast
Thompson-Okanagan
Vancouver Island/Coast
Region Employment % Employment of this Occupation
Cariboo 15 1.9%
Kootenay 0 0.0%
Mainland/Southwest 655 83.4%
North Coast and Nechako 0 0.0%
Northeast 0 0.0%
Thompson-Okanagan 35 4.5%
Vancouver Island/Coast 75 9.6%
Source: 2021 Census

Labour Market Outlook

The B.C. Labour Market Outlook is a 10-year forecast of the expected supply and demand for labour in the province. It’s usually updated every year. The purpose is to provide British Columbians with the knowledge to make informed decisions on careers, skills training, education and hiring.

Forecasted Job Openings (2023-2033)

250
Source: B.C. Labour Market Outlook

Forecasted Job Openings

Forecasted Employment Growth Rate

Composition of Job Openings

Source: B.C. Labour Market Outlook

Job Openings by Region (2023-2033)

Map of BC Map of BC highlighting Cariboo region Map of BC highlighting Kootenay region Map of BC highlighting Mainland/Southwest region Map of BC highlighting North Coast and Nechako region Map of BC highlighting Northeast region Map of BC highlighting Thompson-Okanagan region Map of BC highlighting Vancouver Island/Coast region
Cariboo
Kootenay
Mainland/Southwest
North Coast and Nechako
Northeast
Thompson-Okanagan
Vancouver Island/Coast
Region Job Openings Avg. Annual Employment Growth
Cariboo Not available Not available
Kootenay Not available Not available
Mainland/Southwest 210 1.4%
North Coast and Nechako Not available Not available
Northeast Not available Not available
Thompson-Okanagan 20 1.8%
Vancouver Island/Coast 30 1.4%
Source: B.C. Labour Market Outlook

Industry Highlights

Learn about the opportunities in B.C.'s major industries, including employment trends, earning potential, locations of work and more.

Forecasted Job Openings by Industry

IndustryJob Openings (2023-2033)
Professional, Scientific And Technical Services100
Health Care And Social Assistance40
Finance, Insurance And Real Estate40
Educational Services30
Public Administration30
For additional industry information, visit the Industry Profiles page.
Source: B.C. Labour Market Outlook

Resources

Resource information is currently not available.