ANZSCO 224111

Actuaries

EMPLOYED

2,400

PART-TIME SHARE

11%

FEMALE SHARE

34%

MEDIAN WEEKLY EARNINGS

N/A

MEDIAN AGE

33

ANNUAL EMPLOYMENT GROWTH

N/A

Actuaries analyse mathematical, statistical, demographic, financial or economic data to predict and assess the long-term risk involved in financial decisions and planning.

  • Defines, analyses and solves complex financial and business problems relating to areas such as insurance premiums, annuities, superannuation funds, pensions and dividends
  • Examines financial projections for general insurance companies, finance companies, government and other organisations
  • Designs new types of policies, assesses risks and analyses investments in life insurance, superannuation funds, health insurance, friendly societies, financial markets and other areas
On this page

    Hours worked

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Hours worked Actuaries All Occupations
    Share of workers who work full-time hours 86% 59%
    Average full-time hours worked per week 43 hours 44 hours

    Industries

    Actuaries work in industries like:

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.

    States and territories

    New South Wales

    72.0%

    Victoria

    17.6%

    Queensland

    4.7%

    South Australia

    0.8%

    Tasmania

    0.3%

    Northern Territory

    0.0%

    Australian Capital Territory

    2.4%

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.

    Age and gender

    Age and Gender Profile
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Age and Gender Actuaries All Occupations
    Median age 33 years 40 years
    Female share of employment 34% 49%
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Age Profile (% Share) All Occupations Actuaries
    15–19 5.2 0.0
    20–24 9.1 15.2
    25–34 22.7 39.4
    35–44 22.3 26.5
    45–54 20.4 11.5
    55–59 8.8 3.3
    60–64 6.5 1.9
    65 and Over 4.9 2.1

    Education

    Registration with the Actuaries Institute is required.

    Visit

    • Course Seeker to search and compare higher education courses.
    • ComparED to compare undergraduate and postgraduate student experiences and outcomes.
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence. Highest qualification completed by workers in this job (in any field of study).
    Qualifications needed by new workers might be different from the qualifications of workers already in the job.
    Note: the sum of the educational attainment categories may not add up to 100% due to the exclusion of non-descriptive categories such as not stated responses.
    Highest Level of Educational Attainment (% Share) All Occupations Actuaries
    Post Graduate/Graduate Diploma or Graduate Certificate 12.2 25.1
    Bachelor degree 23.2 70.0
    Advanced Diploma/Diploma 11.1 0.3
    Certificate III/IV 19.5 0.1
    Year 12 15.9 2.0
    Year 11 4.0 0.0
    Year 10 and below 9.7 0.0
    Please wait, loading…