Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Actuaries are professionals who are qualified in this field through education and experience. They must demonstrate their qualifications by passing a series of professional examinations.
In India, the Actuarial Society of India and some private institutes offers this course. Apart from that, courses from the Institute of Actuaries, London and Australia are also recognized in India. Any person with a high degree of aptitude for mathematics, statistics and finance can take up this course and become an Actuary. A person who wants to be an actuary has to pass an entrance exams conducted by the Actuarial Society of India. To become an actuary one must be a Fellow of a recognized professional examining body like the Actuarial Society of India (ASI), Mumbai or the Institute of Actuaries, London.
Training in this field is available at a number of schools and institutes all over India. These courses are offered at the levels of
The course duration for the various programs is as follows:
The Total expense for doing Bachelor Of Science In Actuaries and its related fields are as follows
Bank loans and private loans can be easily arranged by directly contacting the banks through the college administrative.
successful completion of the Bachelor degree, the options for higher education are plenty. A person with the above degree can opt for higher education in the following fields
Almost all the universities and institutes offer Bachelors degree in Actuaries and its related fields. Some of these institutes are:
A person who has completed Bachelor degree in Actuaries and its related fields has wide opportunities. Actuaries may work in the following fields for a career:
Actuaries are one of the highest paid professionals in the world, a freshly qualified actuary students can expect their salaries to start at Rs.30 thousand per month in India. The salary can be from Rs.9500 to Rs.20, 000 for freshers and increases with the persons experience and knowledge.
The Society for Actuaries was created to help Field professionals in the particular domain.
Web site link: www.actuariesindia.org