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
If you're considering a rewarding career in the actuarial field, you'll find a variety of Actuary courses in Tasmania that cater to your educational needs and career aspirations. Tasmania, with its vibrant economy and growing demand for professionals skilled in risk assessment and analysis, presents an ideal environment for aspiring actuaries. By enrolling in the right courses, you can equip yourself with the knowledge and skills needed to thrive in this challenging yet highly rewarding profession.
Actuaries play a crucial role in various sectors, utilising their expertise in mathematics, statistics, and financial theory to assess risk and uncertainty in industries such as finance, insurance, and health care. The Mathematics and Statistics courses available in Tasmania can serve as a strong foundation for entering the actuarial profession. By advancing your studies in this field, you'll not only enhance your problem-solving capabilities but also gain a comprehensive understanding of complex data analysis which is pivotal for actuaries.
Additionally, enrolling in Risk Management courses in Tasmania is highly beneficial for prospective actuaries. These courses focus on identifying, evaluating, and prioritising risks, which is a core component of an actuary’s role. With Tasmania's diverse industries facing various risks, the knowledge you gain from these courses will be invaluable in your career journey as an actuary. This supportive educational landscape opens doors to various career opportunities in risk assessment and management.
Exploring related job roles can also inspire your career path. Fields such as Business Analyst, Quantitative Analyst, and Risk Manager align beautifully with the skills developed through actuarial training. Each career path offers unique challenges and opportunities, further enriching your professional experience. Understanding the broader context of employment options within the same field will help you make a more informed decision about your educational pursuits in Tasmania.
As you embark on your journey toward becoming an actuary, remember that the path to this fascinating career is filled with growth and learning opportunities. The Actuary courses in Tasmania will not only prepare you for a dynamic career but also contribute positively to various industries across the island. With dedication and the right educational pathway, you are well on your way to achieving your career goals in the actuarial domain. Embrace this exciting opportunity and turn your ambition into reality!
