Post Graduate Courses in Actuarial Science


Actuarial Science deals with the application of statistical and mathematical techniques in order to calculate the risk involved in finance and insurance sectors. The commerce students are highly benefited with this field, as there are many job openings for them in this sector. The candidates, to become an Actuary should have high proficiency in Mathematics. For applying for the PG Courses in Actuarial Science, one should have secured at least 85% in the Mathematics / Statistics subjects in the 10+2 level or equivalent. In addition, the candidate should possess either a graduation or post graduation in any Mathematics with a minimum of 55%. Otherwise, the aspirants should have completed the CA/ CS/ CWA/ MBA (Finance)/ PGDBA courses.

List of Post Graduate Courses

  • Post Graduate Diploma in Actuarial Science
  • Post Graduate Diploma in Insurance Management
  • Post Graduate Diploma in Intellectual Property Rights
  • Master of Business Administration - Actuarial Science
  • Master of Science (Actuarial Science)

Career Prospects

An actuary usually performs the work of initiating policies and premiums to be charged. The actuary has to finalize the amount to be given to any customer without much loss to the company as well as the customer in case of uncertainties. Those who have completed the Post graduation course in Actuarial Science can seek for jobs in banking sector, insurance sector, heath care, etc. Really, these actuaries are completely involved in decision-making and the overall management of insurance companies. They are among the highly paid professionals throughout the world. Even being a trainee, the actuary may receive a minimum pay of Rs. 50000 within India. The actuaries, if they have the required caliber can expect up to salaries around 18 lakhs and more. They have more scope in the countries abroad, since there are many insurance companies and well-developed banking sector out of India. The actuaries get salaries around $ 70000 / annum in UK and USA



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7 Responses to “Post Graduate Courses in Actuarial Science”

  1. 7
    Nida Saher:

    i don’t have 85% in 12 but i m statistic graduate with 80%, should i apply for pg actuarial science courses. which are the institutes/colleges offering pg in actuarial science in maharashtra? what is the eligibility criteria? am i able to pursue a career in actuarial science?

  2. 6
    Mohammad Anwar:

    I did +2 in PCM & Right now I am working in Banking industry & I want to become an actuaries. I just want to know is there any institute in delhi where i can enroll myself to persue actuarial science and what is the eligible criteria, fee structure & duration of this course.

    Mohammad Anwar
    +91 - 9711281671

  3. 5
    ravi shankar:

    can a civil engineer become an acuary

  4. 4
    Samar Badran:


    My name is Samar Badran, I am from Egypt, Student member in the IOA and SOA I have been exempted and passed from CT1,2,3,4,5,6,7,8 and CA1 from the IOA. I am looking forward to have PHD in Actuarial Sciences in your highly respected University or may be any post graduate course relevant to the actuarial sciences as i am interested to make more reseraches and study more in my field to enhance my knowledge. would you please brief me with the details regarding the available postgraduates courses, and the all the requirements, and fees.whether there is opportunity for scholarship?

    Briefly, I have taught master in Actuarial Sciences in University of Kent class 2009, in UK, and Bacehlor degree of Commerce, Cairo University, English Section, Actuarial Sciences department, class 2007.

    Your prompt reply will be very highly appreciated.

    Best Regards,
    Samar Badran

    002 017 555 2011
    002 011 6226 579

  5. 3

    i gave improvement exams of bsc while pursuing msc. Both completed in same year. does this cause any trouble in jobs? please advice.

  6. 2

    i don’t have 85% in 12 but i m statistic graduate should i apply for pg actuarial science courses.

  7. 1
    Pratik Garg:

    When will be the forms out for diff colleges offering PG in actuarial sciences.Please name them and reply to my mail
    [email protected]