Demand growing for actuaries
Your chances of securing a job as an actuary are best if you have excellent mathematical and communication skills.
Demand for actuaries is strong because:
- the number of jobs available is increasing across a broad range of industries
- the number of qualified actuaries is small and it takes a long time to train
- global demand for actuaries is high.
Job advertisements for actuaries, mathematicians and statisticians rose 18% between 2017 and 2018, according to the Ministry of Business, Innovation and Employment.
According to the Census, 456 actuaries worked in New Zealand in 2018.
Most actuaries work in insurance
Most actuaries work for insurance companies or consulting firms based in Auckland or Wellington. However, there are increasing job opportunities in the education, health and software development sectors.
Actuaries may work for:
- life and general insurance companies
- specialist actuary consulting firms
- Crown entities and government departments and institutions such as the Reserve Bank and Accident Compensation Corporation (ACC)
- employee benefit consulting firms
- larger consulting firms offering a range of specialised services, such as the big accountancy firms.