1. #1

    How can I apply for Actuarial Science with Economics (Honours)? Can I opt for Actuarial Science with B.Com (Hons)? List the colleges where I can study Actuarial science.

    how can i apply for actuarial science with eco(hons).I got 49marks in maths in my 12th standard.
    can i opt for acturial science with b.com(hons)
    nd please tell me the colleges from where i can opt for actuarial science..

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  3. #2
    Join Date
    Jan 2013

    Re: How can I apply for Actuarial Science with Economics (Honours)? Can I opt for Actuarial Science with B.Com (Hons)? List the colleges where I can study Actuarial science.

    Hi aspirant,

    Actuarial Science is one of the discipline of Graduation in Science course hich deals with the application of mathematical and statistical methods to assess risk in the insurance and finance industries.

    After being qualified in this course you will be known as an Actuary. Your main job is to hone and accumulate all the skills of a economists, statistician, and financier and employ techniques of compound interest, probability, marketing, etc in order to assess the financial impact of an uncertain future and design solutions to minimize the financial severity of such events.

    This profession offer rewards in terms of remuneration and job satisfaction.

    To become an actuary you have to pass all examinations in the prescribed subjects conducted by the professional examining body specifically in this field called the Actuarial Society of India.

    In order to be eligible a candidate must satisfy one of the following criteria:
    - Should have passed 10+2(HSC) or equivalent with at least 85% in Mathematics/ Statistics,
    - Graduates or Post Graduate with at least 55% marks in Mathematics/ Stats/Economics subjects.
    - Candidates with CA/ CS/ CWA/ MBA (Finance)/ PGDBA/Engineering/MCA
    - Fully qualified members of following Professional bodies:
    • The Institute of Chartered Accountants of India (ICAI)
    • The Institute of Cost and Works Accountant of India (ICWAI)
    • The Institute of Financial Analyst of India (IFAI)
    These are eligibility criteria that must be fulfilled by you at any cost to to qualify as an Actuary.

    Some of the courses those you can pursue in Acturial science are:
    - B.Sc. Actuarial Science
    - M.B.A. Actuarial Science
    - M.Sc. Actuarial Science
    - Post Graduate Diploma in Actuarial Science (P.G.D.A.S)
    - Training in Actuarial Science

    Various job offering firms in this regard are:
    - Investment Firms,
    - Banks and Hospitals,
    - Government,
    - Life Insurance Companies,
    - Project Management,
    - Employee Benefits Departments
    All these above mentioned firms recruits actuarial science to various job posts like Actuarial Analyst, Actuarial Manager etc.

    Professional from this sector are not only looked for in life insurance sector but as with the opening up of the economy they are needed in various other sectors like non life insurance companies, banks, stock exchanges, government agencies, health insurance, asset management and consulting companies. This is one of the fields where the demand exceeds supply.


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