Mathematicians, Statisticians and Actuaries

(NOC 2161)

Career Description

Mathematicians and statisticians develop and apply mathematical or statistical techniques to solve problems in fields such as physical and biological science, engineering, social science, business, and economics.

Actuaries apply mathematics, probability, statistics, and risk theory to calculate future risks for insurance and annuity premiums/benefits.

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

Statistical Analyst

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

Brock University
St. Catharines, Ontario, CA

Related Program(s):
Mathematics and Statistics Bachelor; Honours
Computer Science and Mathematics Bachelor; Co-op; Honours
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Rotman School of Management - University of Toronto
Toronto, Ontario, CA

Related Program(s):
Financial Risk Management Master
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University of Waterloo
Waterloo, Ontario, CA

Related Program(s):
Actuarial Science Bachelor; Co-op; Honours
Business Administration and Mathematics Double Degree Bachelor; Co-op; Honours
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Carleton University
Ottawa, Ontario, CA

Related Program(s):
Statistics Bachelor
Mathematics Bachelor
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University of Calgary
Calgary, Alberta, CA

Related Program(s):
Actuarial Science Bachelor; Co-op; Honours
General Mathematics Bachelor
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Modified on May 20, 2012