Introduction to Actuarial Science
Actuarial Science deals with evaluating risks and maintaining the economic stability for insurance companies or financial organisations. Actuarial Science professionals learn how to use mathematics, statistics and probability principles to anticipate the future events and take preventive measures. The Actuarial science professionals will be applying mathematical, statistical methods to assess the risk involved in insurance, finance and other industries and professions.
Actuarial Science includes a number of interrelated subjects such as mathematics, probability theory, statistics, finance, economics and computer science. The main aim of actuarial science is to develop knowledge needed to perform an actuary job and prepare the students to pass their actuarial exams and land in highly paying job roles.
Few lines about M.Sc Actuarial Science
M.Sc Actuarial Science is a 2-year post-graduate programme that is divided into 4-semesters respectively. The course curriculum focuses on developing a unique blend of strong mathematical skills, real world business understanding, communication, interpersonal and leadership skills, etc. The course teaches students the techniques of applications of analytical abilities and business skills. The students will be learning topics related to accountancy, finance, economics and many other commerce related subjects. The M.Sc Actuarial Science students will also be learning about the components of mathematics, statistics, economics and their applications in various fields like life insurance, general insurance, health insurance, reinsurance, valuation of retirement benefits, etc.
Eligibility for M.Sc Actuarial Science
- The students should have passed in PUC or 10+2 with maths or statistics as core subjects and should have 60% aggregate in those subjects from recognised board
- The students should have passed B.Sc with Mathematics and statistics with 50% aggregate score from the recognised university
- The students with B.Com with mathematics and statistics with 50% aggregate from recognised university are also eligible for M.Sc Actuarial Science
Admission Procedures
The students with relevant specialisations can get admission to M.SC Actuarial Science course by two modes of admission. The first one is merit admissions and 2nd one is direct admissions.
