what is actuarial science? what is the procedure to pursue it?
Actuarial Sciences is actually a golden course for all the students who dream of earning a bog figure salary. Actuarial Sciences uses concepts of statistics and maths to asses the risk in insurance. There is a huge need of actuarial scientists in the world. But in the same way it is very difficult for some students to pass the papers.
It is a paper based exam and conducted by Institute of Actuaries of India.
You can follow the link to know more about the papers and subjects involved
http://www.actuariesindia.org/subMenu.aspx?id=266&val=Regular_Exams
http://www.actuariesindia.org/subMenu.aspx?id=476&val=Syllabus
Hello
B.Sc. Actuarial Science is a 3-year long Bachelor’s program. The course curriculum is designed to teach students core skills like mathematical skills, real-world business skills, communication, interpersonal and leadership skills.
Related fields such as Insurance and Risk Management are also covered in the curriculum. To be eligible to pursue this course, the student must have completed 10+2 and must be enrolled with the Institute of Actuaries of India as a student member.
The average tuition fee charged in India for B.Sc. Actuarial Science course ranges between INR 50,000 and 3 Lacs.
The main entrance exams for admission to the course are conducted by:
- Actuarial Society of India
- Institute of Actuaries of India
They are hired in capacities such as:
- Actuary Accountants and Auditors
- Budget Analysts
- Cost Estimators
- Economists and Financial Analysts.
Average starting salary lies generally between INR 3 and 6 Lacs annually, increasing with experience in the field.
Hope it helps
