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mathematics, actuarial science, statistics

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Applied or Pure Maths, Statistics or Actuarial Science bachelor degree courses at undergraduate bachelor, postgrad master, PhD doctorate research degree levels  are listed below.  

  • Besides ATAR, what are the prerequisite subjects at Year 12 HSC
  • What jobs await grads with Stats, Maths or Actuarial science degree ?
  • Where can I study to be a Statistician, Actuarial scientist or Mathematician  ?

 

  • A Mathematician will use techniques to analyze, model and calculate human situations to solve problems
  • Data Mining Business Intelligence, Big Data, Data Science are new areas of Math and Statistical applications within the IT industry and projected to grow in importance and demand
  • Actuarial science is an applied science using mathematics and statistics for assessing risk in finance and insurance. An Actuary is a person working in this field
  • Actuarial science covers a few disciplines such as probability and  stats, finance  and economics.
  • Actuarial math deals with calculation of uncertainty and risk. The main areas of application are death rates, financial risk, risk and ruin theory, credibility theory, demographics, reliability studies and graduation of statistical data.
  • Bachelor university degrees in Actuarial Science, Maths or Statistics offers grads best opportunities to enter the lucrative employment market across diverse fields ranging from IT, Insurance, Finance, Investments, Government, Education ( teacher training). Academia to Commercial Sales, data science,  data analysis and data-mining.
  • Actuaries find lucrative work in Finance, Investment and Insurance, areas where calculation of risk  is crucial.
  • Statisticians are mathematicians specialised in using statistical methods to measure, understand and analyse big amounts of numerical data to identify trends and patterns for problems solving
  • A degree in Math with specialisation in Stats is now very useful in getting a job as a Data Scientist within the IT industry , a job which is increasing in demand 
  • Recent news reported  more students are applying for admission to maths and science courses  at University due to cheaper fees.
  • Mathematics grads find many work opportunities in Finance, Scientific research, IT (Information Technology), Computer Science and  Education (as Math school teacher).
  • Math grads only need to complete a 6- 12 month post graduate Education / Teaching diploma before being allowed to work as a teacher. Maths teachers are in high demand and the high salaries reflect this. Fancy a job with 3 months of leave in a year ? It’s also RECESSION proof. Math grads also easily switch into IT and qualify as  software programmers and developers.

Typical admission requirements :

  • Mathematics, English proficiency, ( occasionally  basic German, French or Russian may be needed for Masters, PHD in Maths

New South Wales, NSW:

  • Bachelor of Science: Mathematical Science: University of Western Sydney UWS
  • Mathematics and Statistics at University of Technology Sydney: UTS
  • Mathematics at  UNE : University of New England
  • Statistics degrees: Macquarie Uni
  • Bachelor of Actuarial Studies at Macquarie University
  • Department of Mathematics at  Macquarie
  • University of Wollongong - Bachelor of Mathematics & Finance
  • Mathematics and Physics at University of Newcastle
  • School of Risk & Actuarial Studies at UNSW
  • School of Mathematics and Statistics : UNSW
  • Bachelor, Master of Actuarial Studies at UNSW
  • Computing and Mathematics programs at Charles Sturt University: CSU
  • Bach of Teaching /Bachelor of Arts (Maths) Double degree, Australian Catholic University: ACU
  • School of Mathematics and Statistics: University of Sydney

 

Victoria, VIC :

Queensland, QLD

  • Mathematics degrees at Griffith University
  • Mathematics Major at University of Queensland: UQ
  • Bachelor of Science (Mathematics ) at James Cook University: JCU  
  • School of Mathematical Sciences at Queensland University Tech: QUT
  • Mathematics and Computing courses at USQ : Uni of South Queensland

Western Australia, WA :

  • Actuarial Science courses at Curtin University
  • Mathematics  Major at Edith Cowan University: ECU
  • School of Chemical and Mathematical sciences at Murdoch University
  • Mathematics and Statistics degrees at Curtin University
  • School of Mathematics and Statistics:  University of Western Australia:  UWA

Tasmania, TAS :

South Australia, SA 


.

Australian Capital Territory, ACT

  • Actuarial Studies at Australian National University: Bachelor  and Master
    Actuarial studies fuses  studies in economics, finance, maths and statistics to develop strategies and methods   to assess, evaluate, and minimize future financial risk,  directly dealing with a diverse range of real life problems in financial matters.

Typical job activities  - Actuaries

  • apply models to experimental observations, and adjusting and recasting  models
  • utilise numerical analysis techniques to develop algorithms and conduct calculations
  • liaise with management and stake holders to determine the subject or area to be surveyed or examined
  • examine financial projections for general insurance companies, finance companies, government and other organisations
  • design new types of policies, assessing risks and analysing investments in life insurance, super funds, health insurance, financial markets and other areas
  • specify the data to be gathered and the methodology to be used in collection and analysis
  • evaluate and describe the reliability and utility of source information
  • define, analyse and solve complex financial and business problems related to insurance premiums, annuities, superannuation funds, pensions and dividends
  • formulate math models to simulate processes
  • analyse and interpret data and produce relevant statistics to describe and infer particular trends and patterns

2 Comments for mathematics, actuarial science, statistics

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