JourneyCareersActuaries, Economists and Statisticians n.e.c.
Global Career Guide (EN)From Economics β†’

Actuaries, Economists and Statisticians n.e.c.

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Actuaries, economists, and statisticians help organisations understand risk, predict what might happen next, and make smart decisions with money and resources. Their work affects everything from insurance premiums to government policies.

The role

What an actuaries, economists and statisticians n.e.c. actually does, day to day.

As an actuary, economist, or statistician, you use numbers and maths to solve real problems. Insurance companies need to know how likely it is that someone will make a claim. Governments want to understand how the economy is changing. Organisations of all kinds need to know what their data means.

Your day-to-day work depends on your specialism. Actuaries calculate insurance premiums and pension costs. Economists study trends like job growth and inflation. Statisticians design surveys and experiments, then analyse the results using software like R or Python. You will work in an office, often at a computer, and you will need to be very careful with detail because mistakes with numbers can cause real problems.

A typical week

Day to day

1Conduct complex statistical analyses to interpret data trends and patterns.
2Develop financial models to assess risk and forecast economic outcomes.
3Collaborate with cross-functional teams to provide data-driven recommendations.
4Present findings and insights to stakeholders through reports and presentations.
5Stay updated on industry trends and regulatory changes affecting financial markets.
6Utilize software tools and programming languages to automate data processing.
7Engage in continuous professional development to refine analytical and technical skills.