Actuarial Science

A course in actuarial sciences equips you to scientifically assess risk in various fields, but mainly in insurance, business and finance. They use various statistical, mathematical and computational methodologies to give their assessment.

Direction


Stream Graduation After Graduation
Path 1
Clear Class XII in any stream Give Actuarial Common Entrance Test (ACET) and complete

1.Certificate in Actuarial Technique (CAT)
2.Diploma in Actuarial   Technique (DAT)
3.Apprenticeship Fellowship
Practice as an Actuary
Path 2
Commerce/Science with Math B.Sc. in Actuarial Sciences M.Sc. in Actuarial Sciences/ MBA in Actuarial Sciences 1 year diploma course *PG Program in Actuarial Science
Path 3
Commerce/Science with Math Bachelor in Mathematics/ Statistics, Bachelor in Economics, Bachelor in Computer Science M.Sc. in Actuarial Sciences/ MBA in Actuarial Sciences
Path 4
Commerce/Science with Math Graduation in Any Discipline Give Actuarial Common Entrance Test (ACET) and complete :

1.Certificate in Actuarial Technique (CAT) (2) Diploma in Actuarial Technique (DAT)
2. Apprenticeship Fellowship

Personality Traits

  1. High degree for mathematics and statistics
  2. Good communication skills
  3. Ability to use computers and related technology
  4. Business sense
  5. Practical outlook
  6. Curious bent of mind

Job Prospects

  1. Insurance Companies
  2. Asset Management
  3. Banks
  4. Employee benefits departments
  5. Investment firms
  6. Consulting Firm
  7. Government Sector

Prominent Colleges

  • Institute
  • Institute of Actuaries of India, Mumbai
  • Department of Statistics, University of Mumbai, Mumbai
  • Institute of Insurance and Risk Management, Telangana
  • SVKM’s NMIMS University, Mumbai
  • Christ University, Bengaluru
  • DS Actuarial Education Services, Mumbai