i am pursuing b.com hons i heard about actuarial science and wanted to know about it for my masters degree and i wanted to know more about the courses related to it .

Actuarial science is not popular like other courses in india Though is not well known by many people but it contribute in nations development.it forecast future risk by using probability analysis and statistics in simple words doing calculations of what happens in past using statistics they provide report of future investment risk that are uncertain.if you can play with numbers then this course is for you.it involves mathematics and statistics to deal with the risk involve in future.

There are various oppurtunities outside india for actuarial science but in india many people not aware about actuarial science so there is more job and less competition.job offers by companies, banking, financial consulting firms, Actuarial consulting firms, the government sector, pension funds, investment advisories by top companies PwC Actuarial Services India, Max Bupa Insurance, Milliman, IDBI etc.any person can earn between 4 lakh to 20 lakh according to their experience.post secondary teachers earn highest in this field with average salary of 15 lakh and the lowest earner in this field is auditor and accountants who earn average 5 lakh yearly.

A candidate must pass graduation with 50% marks and have mathematics and statistics  compulsory as subjects to be eligible for course.IAI is the only institute which offered actuarial course.

Candidate enroll themselves in IAI which is the apex body of actuarial science and qualifying the Actuarial Common Entrance Test (ACET) is mandatory.this exam is held thrice in a year and you must pass in all 15 subjects to be recognised by IAI and you can become associate if you pass only 10 subjects there is also job offers for those who qualify only three subjects.

All the best!!!

Hello,

Actuarial Science is the study of application applied to mathematical and statistical methods in assessment, risk management in insurance , finance and other industries. Actuarial science is also applied to Property, casuality and General insurance& Liability.

Candidate needs to complete their 10+2 level examination . Candidates should also qualify their Graduation/Post graduation with Mathematical subjects. Those candidates having any other professional degree (Engineering/CA/CS/MCA/MBA) can also make their career in this field.

Follow the link for more information

https://www.careers360.com/courses/actuarial-science-course

Job prospects are available in India and abroad.

Actuarial Science jobs

Business Analyst

Financial Planner

Risk Analyst

Underwriter

Investment Analyst

You can also have M.Com in Actuarial Science with 50% aggregate in B.Com.

Thanks