Actuary career

Kaitauwhiro pūtea

Actuaries predict and assess the financial risks and impacts of future events. They work in areas like insurance, superannuation and investment.

Actuaries predict and assess the financial risks and impacts of future events. They work in areas like insurance, superannuation and investment.

What would you do as an Actuary?

Actuaries

  • usually work regular business hours
  • usually work in offices
  • need to be methodical, accurate and identify and solve problems

Tasks

  • assess financial risks
  • analyse data to predict future events
  • develop risk management plans
  • use applied mathematics
  • negotiate contracts
  • write financial reports
  • use data to give pricing recommendations

How can you become an Actuary?

You need a qualification to become an actuary.

You need

  • to complete exams and professional requirements through an international actuary body

You may need

  • a Bachelor of Commerce (Actuarial Science) or similar
  • a Bachelor of Science (Actuarial Science) or similar
  • a bachelor's degree in mathematics and statistics, banking and finance or similar area
  • a Postgraduate Certificate in Actuarial Science
  • experience in similar work
  • to be a member of the New Zealand Society of Actuaries

If you're in school

You usually need University Entrance to do the study or training for this job.

Studying this at the University of Waikato

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Our Bachelor of Science with a Mathematics major builds the analytical and problem-solving skills this career relies on. Pair it with a Data Analytics major for a strong grounding in statistics. Employers including banks and insurance companies look for our Mathematics graduates.

You can also build your finance knowledge with our Bachelor of Business or Bachelor of Banking, Finance and Technology. Like all our undergraduate degrees, these include work-integrated learning.

After your degree, you can continue with postgraduate study in Mathematics or Data Analytics.

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Actuary FAQs