What they do
Actuaries analyse mathematical, statistical, demographic, financial and economic data to help predict and assess the long-term risks involved in financial decisions and planning. They may work in areas such as investment, insurance, pensions and superannuation, banking, healthcare and government policy. Actuaries calculate assets and liabilities, determine the financial strength of a company or department, ensure that investments are being managed correctly and help to determine a company’s financial status.
Actuaries work in office environments. They may be required to work longer hours at certain points during the year and required to travel to clients’ offices.
Tools and technologies
Actuaries use office equipment such as computers, telephones, photocopiers and fax machines, as well as specialist financial and accounting software.
How do I become one?
Education and training
To become an actuary you usually need to study a degree majoring in Actuarial Science.
The Bachelor Science (Actuarial Science) is offered at Curtin University.
To be recognised as an actuary under Australian legislation, you must become an Associate or Fellow of the Actuaries Institute (or of certain overseas bodies). The Master of Science (Actuarial and Financial Science) at Curtin University is an Associateship qualification accredited by the Actuaries Institute.
To become a Fellow you must complete further training through the Actuaries Institute.