Actuarial Science deals with evaluating risks and maintaining the economic stability of insurance or financial organisations. Actuarial Studies learn how to use Mathematics, Statistics, and Probability principles to anticipate future events and take preventive measures.
Actuarial Science is a highly regarded profession, where you can be well rewarded for your analytical and problem-solving skills, and ability to lead. This degree prepares you for a career as an actuary who can work anywhere in the world.
Actuarial Science Highlights
|
Course Name |
Actuarial Science |
|
Course Level |
Diploma/Degree/PG |
|
Course Duration |
1-3 year |
|
Eligibility Criteria |
Passed 12th with 45% - 50% marks |
|
Admission Process |
Based on Merit |
|
Salary Extracted |
INR 3,00,000 to INR 10,00,000 |
Eligibility Criteria for Actuarial Science
1. The examinee must have appeared in 10+2 examinations by Commerce /Math stream.
2. English must be one of the subjects of the first language.
3. There is no age limit for candidates taking this exam
4. A minimum aggregate of 60% in 10+2 and minimum 70% aggregate in Maths is compulsory.
Admission Process
1. Colleges publish notice of admission on their website from June when most Indian universities would have finished degree exams.
2. Candidate to apply for each college, as each college considers each mark the cut-off mark.
3. Some private colleges and deemed universities perform their counselling process by conducting their university-level entrance exams.
4. Some colleges require a minimum of 50% aggregate in the qualifying examination.
5. Candidates who qualify for the test are called for an interview before the final seat allotment.
Career after Actuarial Science
The aim of this programme is to provide students with the opportunity to develop confidence and skills to apply Actuarial Science techniques to solve practical problems in the financial sector and society in general. Who want to use their skills in risk management, investment management or financial analysis.
With the upcoming corporate culture and the surge in commerce companies job opportunities are very high in the actuarial science sector.
Financial services
Banking sector
Stock exchanges
Risk management
Pension funds
Investment consultancies
