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.
Explore all careersAn Actuary analyses data to assess financial risks and inform decision-making in sectors like banking and insurance, requiring strong analytical skills.
Get qualified to work as an Actuary with a course recognised across Australia. Speak to a training provider to learn more.
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.
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
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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If you are considering a career in the field of actuarial science, exploring Actuary courses in South Australia is an excellent starting point. With one renowned course available locally, students can delve into the intricacies of mathematics, risk assessment, and financial analysis. The Bachelor of Mathematical Sciences (Honours) is particularly noteworthy, as it equips experienced learners with advanced analytical skills tailored for the actuarial profession. Explore more about this course here: Bachelor of Mathematical Sciences (Honours).
Actuaries play a crucial role across various industries, including finance, insurance, and risk management. For those looking to further enhance their employability, complementary studies in Business courses and Science courses can provide valuable insights that overlap with actuarial practices. By obtaining skills from these fields, you can prepare yourself for a well-rounded career in the growing job market of South Australia.
The importance of understanding risk in today's economy cannot be overstated, making Risk Management courses particularly relevant for aspiring actuaries. These courses offer strategies to manage and mitigate financial risks, an essential skill set for those entering the actuarial profession. South Australia, with its diverse economy, provides ample opportunities to apply such skills in various sectors.
Moreover, the intersection of actuarial studies with Mathematics and Statistics is vital for anyone wishing to excel in this field. A strong foundation in these subject areas not only complements your actuarial studies but also enhances your analytical acumen, preparing you for the challenges ahead as you seek roles in actuarial science.