Mathematicians, actuaries and statisticians

Mathematicians, actuaries and statisticians conduct research and improve or develop mathematical, actuarial and statistical concepts, theories and operational methods and techniques and advise on or engage in their practical application in such fields as engineering, business and social and other sciences.

Skill level: Highly skilled

Check your pay

  • The majority of Mathematicians, actuaries and statisticians earn a salary between R18 166 and R64 166 per month in 2024.
  • A monthly wage for entry-level Mathematicians, actuaries and statisticians ranges from R18 166 to R38 060.
  • After gaining 5 years of work experience, their income will be between R23 978 and R47 180 per month.

Duties and tasks

  • Studying, improving and developing mathematical, actuarial and statistical theories and techniques
  • Advising on or applying mathematical principles, models and techniques to a wide range of tasks in the fields of engineering, natural, social or life sciences
  • Conducting logical analyses of management problems, especially in terms of input-output effectiveness, and formulating mathematical models of each problem usually for programming and solution by computer
  • Designing and putting into operation pension schemes and life, health, social and other types of insurance systems
  • Applying mathematics, statistics, probability and risk theory to assess potential financial impacts of future events
  • Planning and organizing surveys and other statistical collections, and designing questionnaires
  • Evaluating, processing, analysing and interpreting statistical data and preparing them for publication
  • Advising on or applying various data collection methods and statistical methods and techniques, and determining reliability of findings, especially in such fields as business or medicine as well as in other areas of natural, social or life sciences
  • Preparing scientific papers and reports
  • Supervising the work of mathematical, actuarial and statistical assistants and statistical clerks

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