This role has a moderate level of AI exposure. AI can enhance efficiency for some tasks, but this job still relies on human skills and decision-making.
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Common questions
In Australia, a full time Actuary generally earns $2,400 per week ($124,800 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
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The number of people working in this field is likely to grow strongly in coming years. There are currently 1,800 people employed in this industry in Australia and many of them specialise as an Actuary. Actuaries may find work across all regions of Australia.
Source: Australian Government Labour Market Insights
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A Bachelor of Actuarial Studies is an ideal qualification if you’re planning a career as an Actuary. This course will give you the skills to assess and manage financial risks to individuals, corporations and governments. You’ll cover topics including applied financial mathematics, probability and statistics, data visualisation, risk management and analytics and quantitative data science.
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Related career opportunities
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Further reading
What Skills Does a Data Analyst Need?
25th November 2022
Career Spotlight: Accounting and Taxation Professionals
9th October 2019All actuary courses
Actuary careers
Are you considering a career as an actuary? Enrolling in Actuary courses in Griffith could be the ideal path for you. Actuaries play a crucial role in assessing risk and contributing to financial stability in a variety of sectors. Griffith, with its growing economy, offers abundant opportunities for aspiring actuaries, making it a smart choice for your education.
Griffith boasts a selection of reputable training providers who offer a range of actuarial courses tailored to meet industry standards. These courses equip students with essential skills in mathematics, statistics, and risk management. Explore the possibilities through related fields such as Risk Management or delve deeper into Mathematics and Statistics, which are both integral components of actuarial science.
Once you complete your studies, numerous career pathways will become available. The data-driven nature of actuarial work aligns well with various roles, including Business Analyst and Quantitative Analyst. Additionally, you might consider positions such as Risk Manager, which directly relates to the work you'll undertake as an actuary, ensuring your skills are in high demand throughout Griffith.
In Griffith, the insurance and finance industries are particularly robust, creating a thriving environment for actuaries. The local market continually seeks qualified professionals to assess risks and utilise statistical methods. As you advance in your actuarial journey, consider exploring careers like Econometrician or Applied Statistician. These positions highlight the varied applications of your training, presenting numerous opportunities for personal and professional growth.
Embarking on your educational journey in Griffith will pave the way to a fulfilling career in actuarial science. The combination of Applied Mathematician, Bioinformatician, and even roles such as Computational Physicist illustrates the diversity of options available to you. Start your journey today with the right Actuary courses in Griffith that align with your career aspirations. Ensure a secure and prosperous future by taking this important step in your professional life.
