What Would I Do?
Image
Mathematicians, Statisticians & 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. You apply mathematics, statistics, probability and risk theory to assess potential financial impacts of future events.
Mathematicians’ duties may include:
- 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’ duties may include:
- 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’ duties may include:
- 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
- provide legal evidence on the value of future earnings