B.Sc - Actuarial Sciences

Duration: 3 yrs | Mode: Regular| Avg. Fees: 40,000 / Year

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About

Bachelor of Science in Actuarial Sciences is a 3-year undergraduate course designed for candidates who seek a career in the banking, investment and finance industry. The course comprises a diverse study of different fields of mathematics and statistics. Students are taught to decipher economic pattern and market trends interns of figures and numbers. The course also comprises of communication methodologies and study of risk management to teach the students how to prevent investment losses.

Syllabus

First Year:

Mathematics for Actuaries

Basics of Accounting

Business Economics – 1

Probability and Distribution

Descriptive Statistics

Corporate Finance

Interest Rates and Annuities

Advanced Application of Annuities

 

 

Second Year:

Business Economics – 2

Stochastic Process

Life Insurance: Principles, Products, Particles

Communication and Research Methodologies

Estimation and Hypotheses Testing

Non-life Insurance: Principles, Products, Particles

Excel, Marcos with Visual Basic

Survival Analysis

 

 

Third Year:

Risk Model for General Insurance

Life Insurance Pricing

Business Environment and Enterprise Risk Management

Actuarial Applications Using EXCEL

Reserving and Time Series

Derivative Pricing and Risk Management

Portfolio Theory Development

Reserving and Joint Life Distributions

 

Career Options and Job Prospects

Actuarial sciences is the core of banking and finance sector. It is a very important field as it covers risk management in investment sector and estimates business prospects. Every investment, finance and banking organization needs actuaries to predict stock market and interest rates basis which money is invested in the market. Actuaries also help organisations in predicting potential investment risks in order to prevent losses. Graduates in this field are always in demand and following are some of the jobs that you can pick after completing B.Sc. in Actuarial Sciences.

  • Actuary
  • Cost Estimator
  • Accountants and Auditors
  • Economists
  • Budget Analysts
  • Financial Analysts
  • Mathematicians
  • Insurance Underwriters
  • Investment Consultants
  • Postsecondary Teachers

Actuarial Science is one of the highest paying fields in the BSFI sector and lucrative jobs are offered at graduate as well as postgraduate level. Freshly graduated candidates can expect a starting salary of Rs. 2.5 lakh to Rs. 5 lakh. Experienced professionals and MBAs in this field are also offered packages up to Rs. 15 lakhs.