Actuary Career Profile | Career Advice Australia CareerNav

Actuary *

Last modified: July 27, 2010, 10:55 AM

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This is an ideal career for analytical thinkers. The job of an actuary involves analysing data, whether it be mathematical, statistical, demographic, financial or economic, so as to predict and calculate long-term risks regarding financial decisions and planning.

Salary p/a
50k - 120k

Qualifications
Degree

Intensity
Sitting

Demand
High

Travel
Low

Conditions
Indoor

Weekly Hours
40-50

Pros

Intellectually stimulating, well paid occupation
Highly respected position, with strong employment growth
Produces management decision making information

Cons

Future balance of supply and demand for actuaries is hard to predict
Pressure to produce accurate and timely advice
Continued upkeep of professional knowledge

The Bottom Line

Actuaries are interested and seriously good at mathematics, probability and problem solving. It’s an office job requiring mental endurance. The entire process can be fascinating and intellectually challenging, so if the pressure doesn’t put you off, then this respected and vital occupation might be for you.

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