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Programs

BSc Actuarial Science and Analytics

  • About Program

    This program will provide some basic as well as technical tools of statistics to build up the professional skill in the field of actuarial science. The program aims to motivate the students (from mathematical background) to develop the entrepreneur skill and to choose actuary as a career. Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals trained in this discipline. Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics and finance, economics, and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes since the 1980s due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory and analytics. Title of the program emphasizes that the students supposed to have a good knowledge of computer programming and their application in the field of statistics and actuarial science.
  • Higher Education

    After completion of this course, a candidate not only can either start his/her career in corporate agencies as an actuary or can go for higher studies in actuarial science. Many universities and/or institutions offer the master degree program in actuarial science with bright future opportunities. Institute of Actuaries of India (IAI) offers a series of papers and programs at higher level to fulfill the need of actuaries across the world.

Highlights

  • This program is expected to fulfill the demands for professional actuaries in the corporate sector driven by finance, insurance and banking.
  • The contents of this program have built up to meet the demand of corporate agencies.
  • This course frames uses probability theory, statistics, economics, computer science and mathematics and hence fulfills the requirements desired by the industries.
  • On completion a student will have good opportunity to work as an actuary with good salary.
  • Additional courses done in analytics increases acceptability to many industries.
  • This program focuses on imparting quality education in the field of Insurance and Risk Management.
  • The focus of the program will be on developing a unique blend of strong statistical skills, real world business understanding, communication, interpersonal and leadership skills.
  • Structure of the course emphasizes practical experience with day to day problems makes the education complete as an actuary.
  • Actuaries are in great demand for government agencies like, Social Security, Pension Benefit Guaranty Corporation and Department of Housing and Urban Development.
  • Actuaries have high demand in brokerage houses and software development companies.

Career Prospects

Actuaries are business professional who assess and quantify financial risk. Most actuarial graduates generally find employment opportunities in fields of insurance, employee benefits, pension plans, management consulting, banking and finance. They can also switch between these fields during their career. Actuaries also find employment in government agencies such as the Social Security Administration, Pension Benefit Guaranty Corporation, And Department of Housing and Urban Development in developed nations. Some actuaries also work in brokerage houses and software development companies.

 

Duration

BSc – 3 Years

Eligibility

Minimum 50% marks in XII Std. or its equivalent examination in any stream conducted by a recognized Board/ University/ Council with Maths as Mandatory Subjects.

 

Admission Procedure

  • Counseling on Merit based on XII marks or DUET'19
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