Actuaries apply their skills in mathematics, statistics, finance, economics and business to address problems in a range of fields such as insurance, superannuation, business and financial services, scientific and social research, and engineering.
In actuarial science you'll learn how you can apply your mathematical talent to the commercial world. Actuaries identify, analyse and assess risk. They use mathematical and econometric models to forecast real-life scenarios, such as the likelihood of economic or property losses and their impacts on insurance premiums, superannuation or other financial investments.
Actuaries are well regarded across industries and are increasingly in demand. In fact, being an actuary was listed as one of the best jobs in the world. A degree in actuarial science can lead to a range of career options:
Product development manager
Data and insights manager
General insurance actuary
Actuaries work across many fields of finance and business. People with actuarial qualifications are traditionally found in life insurance companies and consulting actuarial firms, offering a range of advice in various fields such as finance and superannuation, investment operations for asset managers, stockbrokers, banks, general insurance, health insurance and the broader fields of risk management.
Our graduates are working in companies including:
I was always interested in studying something math-related and was originally considering a science degree. I was introduced to the field of actuarial science in Year 12, and it sounded like a really interesting combination of technical knowledge and applied skills, which really appealed to me. It's given me a broader understanding and helps me look at things from multiple perspectives.
Bachelor of Commerce