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Actuaries generate risk projections of financial decisions and investments by analysing and interpreting past statistical, mathematical and economic data. They may be required to advise on issues such as probability and performance and may be hired in the private sector in banks, investment and insurance companies but may also find employment in government organisations advising on economic policy. The recommendations made may be used to resolve current or future financial issues, make investments and set premiums for insurance.
Undergraduate qualifications in maths, statistics, business or accounting may be sufficient for entry level positions though post-graduate specialisation in actuarial studies is beneficial in this competitive industry.