Education and Career Forum

how should i prepare for actuarial science? what are the good colleges in india regarding it? and when is the entrance test in 2012 and what is the syllabus related to it?

The entrance examination is conducted by the Actuarial Society of India, Mumbai. The exam(ACET) is conducted only through Online mode and is held twice a year i.e in June and December. You will have to enroll yourself online at their website: http://www.actuariesindia.org.

The Eligibility Criteria is Class 10+2 pass(no minimum percentile) in any discipline. The Age criteria is minimum 18 yrs.

The exam shall be of 2 hours duration. The Exam will have two papers .The Pattern of the Examination is :

There will be total 55 questions carrying 100 marks. There will be questions of 1 mark, 2 marks and 5 marks. There will be 25 questions of 1 mark each, 25 questions of 2 marks each and 5 questions of 5 marks each. You get full marks for each correct response, there will be 50% negative markings for each incorrect response. So, if you are not sure of any answer, you should leave it blank.

The syllabus is :
• Mathematics covering topics like algebra, calculus, numerical methods, mathematical notations, terminology and methods, mathematical constants & standard functions.
• Statistics covering topics like statistical diagrams, probability, permutations and combinations, measures of location, discrete random variables, continuous random variables, measures of spread, discrete distributions, continuous distributions, correlation, regression.

The Top colleges in India offering Actuarial Science course are:
• Aligarh Muslim University.
• Amity School of Insurance and Actuarial Science Noida.
• Manipur University.
• Birla Institute of Management Technology.
• Bishop Herber College
• University of Madras.
• University of Kalyani.
• Gurunanak Dev University.
• Jaipuria Institute of Management.
• RNIS College of Insurance.