Mathematicians, Statisticians and Actuaries

(NOC 2161)
+16.89%
 

Career Description

Mathematicians and statisticians research mathematical or statistical theories, and develop and apply mathematical or statistical techniques for solving problems in such fields as science, engineering, business and social science.

Actuaries apply mathematics, statistics, probability and risk theory to assess potential financial impacts of future events.

Duties May Include

The following is a summary of main duties for the occupations in this unit group:

Mathematicians conduct research to extend mathematical knowledge in traditional areas of mathematics such as algebra, geometry, probability and logic and apply mathematical techniques to the solution of problems in scientific fields such as physical science, engineering, computer science or other fields such as operations research, business or management.

Statisticians conduct research into the mathematical basis of the science of statistics, develop statistical methodology and advise on the practical application of statistical methodology. They also apply statistical theory and methods to provide information in scientific and other fields such as biological and agricultural science, business and economics, physical sciences and engineering, and the social sciences.

Actuaries apply mathematical models to forecast and calculate the probable future costs of insurance and pension benefits. They design life, health, and property insurance policies, and calculate premiums, contributions and benefits for insurance policies, pension and superannuation plans. They may assist investment fund managers in portfolio asset allocation decisions and risk management. They also use these techniques to provide legal evidence on the value of future earnings.

Examples of Titles

Actuary
Biostatistician
Demographer
Mathematician
Statistical Analyst
Statistician

Here are some schools that have programs related to this career:

Toronto Metropolitan University
Toronto, Ontario, CA

Related Program(s):
Mathematics and Its Applications Bachelor; Co-op; Honours
Request Info
University of Waterloo
Waterloo, Ontario, CA

Related Program(s):
Mathematical Studies Bachelor; Co-op; Honours
Pure Mathematics/Finance Option Bachelor; Co-op; Honours
Request Info
Carleton University
Ottawa, Ontario, CA

Related Program(s):
Computational and Applied Mathematics and Statistics (BMath) Bachelor; Co-op; Honours
Actuarial Science (BMath) Bachelor; Honours
Request Info
Concordia University
Montreal, Québec, CA

Related Program(s):
Actuarial Mathematics/Finance (BA, BSc) Bachelor; Co-op
Actuarial Mathematics (BA, BSc) Bachelor; Honours
Request Info
University of Alberta
Edmonton, Alberta, CA

Related Program(s):
Mathematics (BSc) Bachelor
Mathematics (BSc - Business Minor) Bachelor
Request Info
view all
Modified on April 07, 2022