Courses in Actuarial Science - Colleges and Opportunities

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Reputed institutions like Amity school of insurance and actuarial science, Indira Gandhi National Open University etc. offers graduate level as well as post graduate level courses in Actuarial Science in India. Universities such as NMIMS University, Pacific University, and Amity University offer MBA programmes in Actuarial Science. Most of the institutes provide post graduate diploma courses in Actuarial Science.

The course provides ample career opportunities in public sector organizations as well as private sector financial firms especially in the insurance sector. Life Insurance of India General Insurance Company, Employees’ State Insurance Corporation of India, Stock exchanges and Banks are the major recruiters of these graduates. Insurance Regulatory and Development Authority recruits graduates in Actuarial science as well as candidates who have done a certificate course from Institute of Actuaries of India (IAI) with three years experience in relevant field.

Courses in Actuarial Science

  • Bachelor of Commerce in Actuarial Science
  • Bachelor of Science in Actuarial Science
  • Master of Science in Actuarial Science
  • Bachelor of Science + Master of Science in Actuarial Science
  • Master of Business Administration in Actuarial Science
  • Post Graduate Diploma in Actuarial Science

Colleges offering Courses on Actuarial Science

Bachelor of Commerce in Actuarial Science

  • D A V Centenary College, Haryana
  • P S G R Krishnammal College for women Coimbatore

Bachelor of Science in Actuarial Science

  • Yashwantrao Chavan Maharashtra Open University
  • Jagdish Prasad Jhabarmal Tibrewala University

Bachelor of Science + Master of Science in Actuarial Science

  • Amity School of Insurance and Actuarial Science

Master of Science in Actuarial Science

  • Amity University
  • B. S Abdur Rahman University
  • Bishop Heber College
  • Indira Gandhi National Open University
  • Yashwantrao Chavan Maharashtra Open University

Master of Business Administration in Actuarial Science

  • Amity School of Insurance and Actuarial Science
  • Pacific University
  • NMIMS University

Post Graduate Diploma in Actuarial Science

  • Bishop Heber College
  • North Maharashtra University
  • Patna University
  • Shivaji University

Opportunities after Courses in Actuarial Science

Graduates in Actuarial Science can find ample career opportunities in the area of life insurance, general insurance, employee benefits, pensions, health insurance and reinsurance in insurance companies, consultancies, investments and asset management companies. Actuaries are required to calculate the money to be paid as pension as well as insurance benefits.  They design insurance and pension plans. Candidates after successful completion of the course can look to work in following positions.

  • Actuarial Programmer
  • Actuarial Analyst
  • Actuarial Science Teacher
  • Property and Casualty Actuarial Manager
  • Actuarial Manager
  • Life actuarial Senior Associate

In addition to the graduate and post graduate courses in Actuarial Science, candidates can apply for the exams conducted by Institute of Actuaries of India for better career opportunity.

 
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One Response to “Courses in Actuarial Science - Colleges and Opportunities”

  1. 1
    jon:

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    If you are dreaming of a highly rewarding and challenging career in the field of mathematics, then actuarial Science is an interesting option. The actuarial profession was formally established in 1848 with the formation of Institute of Actuaries (London).At one point of time it was the only institute in the world to conduct actuarial professional examination. Later in 1944 was formed the actuarial Society of India whose main aim was the advancement of actuarial profession in India.

    The Job
    Actuarial science is a discipline that applies mathematical and statistical methods to assess risks in the insurance and finance industries. An actuary is a business professional who analyzes the financial consequences of risk. These professionals work in various insurance companies, employee benefits departments of large corporations, banks, stock exchanges, consultancies and other financial institutions controlled by government and private bodies.