Actuaries calculate the consequences of financial risks, and relay the information back to their clients. They use statistics and mathematics to help businesses and companies manage their assets.
A business analyst works together with companies/organizations to help improve their systems and processes. They do research and analysis to find solutions to business problems and they introduce these systems to their clients and businesses. Some types of projects a business analyst does are IT-focused projects, operations-focused projects, and new opportunity/strategy projects. For IT-focused projects, they try to find ways to improve the IT systems. For operations-focused projects, they update procedures and improve the process flow. Lastly, for new opportunity/strategy projects they try to change the way people perform their roles.
Data science is a field that uses a combination of programming and mathematics/statistics to analyze data for practical and useful insights. Simply put, data scientists are expected to make value out of data. They then design algorithms and predictive models to measure and improve results, and present it. From there, their solutions and feedback are put in place, and they repeat the process.
A Financial Analyst mainly works in banks and other businesses. Many Financial Analysts evaluate outcomes for business investments and sales, trying to find good businesses to invest in. These people study macro and microeconomic conditions, along with investigating a company’s financial spendings.
Financial Technology is the integration of technology into offerings by financial service companies in order to improve their use and delivery to consumers.
Statistics is a math discipline where people learn how to interpret, gather, and present data. Statisticians work with algorithms and statistical models to break down complex information. Data helps power the modern world, and with the growing amount of technological development in our lives, there is a demand for people who can make sense of it all. A statistician is able to devise a new type of solution for a problem that has not been solved by other methods, in addition to gathering and analyzing data to come up with potential solutions to those problems.
A Radar Systems Analyst's job is to figure out how to improve radars so they can support future needs. They do a lot of modeling in Matlab and make PowerPoints to tell the story of what needs to change, and to convince the consumers to fund the right project.