Admission for BSc Actuarial Science 2023–24: A three-year undergraduate program leading to the BSc in Actuarial Science consists of six semesters. Students learn about the fields of finance and statistics in this course as they prepare to examine unpredictable futures. This course focuses on statistics and mathematics and provides answers to questions about how likely an event is to occur. Graduates with this degree are responsible for calculating losses for any sector, company, or person that occur for any reason. Their graduates can find employment in the banking, insurance, and finance departments.
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Bachelor of Science in Actuarial Sciences, Full-Form
Merit-based/entrance exam selection process
Qualifications: 10+2 with a 50% grade from an accredited board.
Average Fee: 50,000 to 3 lakh Indian Rupees
Paid between INR 2.5 LPA and INR 15 LPA in salary
Leading employers include Bharati Shipyard Ltd., Towers Watson, Max Bupa Health Insurance, Mercer, WNS, PwC Actuarial Services India, and others.
Top Job Profiles: Financial analysts, risk managers, budget analysts, economists, auditors, cost estimators, etc.
Highlights of BSc Actuarial Science Admission
| Course Name | BSc Actuarial Science |
| Admission Process | Admission Through the Entrance Exam |
| Full-Form | Bachelor of Science in Actuarial Sciences |
| Duration | Course Duration is 3 Years. |
| Average Salary Offered | INR 2.5 LPA – INR 15 LPA |
| Average Fees Incurred | INR 50,000 – INR 3 Lakh |
| Eligibility | The minimum qualification required is 10+2 with 50% from the recognized board. |
Admission to BSc Actuarial Science 2023–24
The three-year bachelor’s degree in actuarial science program covers topics such as insurance premiums, investment, economics applications, and mathematical analyses for financial planning.
Actuarial Science BSc Admission is dependent on merit. Universities and colleges compile merit lists based on individuals’ results in the 10+2 exam. Calculating insurance risks, the cost of designs, finances, pensions, administration, etc. requires taking BSc actuarial science courses that include mathematics, economics, computer science, and statistics. Candidates who want to pursue actuarial science must pass the 10+2 test.
You will receive in-depth material to aid in the development of your mathematical skills in the BSc Actuarial Science degree. This course’s application to financial firms is very broad. Students are completely knowledgeable about how businesses function. A professional in this course is capable of resolving issues that have arisen in the business and insurance sectors.
Actuarial science uses mathematical skills to social sciences to address important difficulties for insurance, government, commerce, business, and academic scholars. The Bachelor of Actuarial Science program lasts three years. Amity University, Jain University, and other well-known universities provide admission to BSc Actuarial Science programs.
The curriculum for the BSc in Actuarial Science covers topics like Risk Management, Insurance, Economic Risks, Mathematics, Statistics, Accounting, etc.
Qualifications for Admission to BSc Actuarial Science
Merit-based and entrance-based BSc Actuarial Science Admission are both available for this course. Each candidate must have received a 50% grade in 10+2.
Additionally, their prior education must have been in the science field.
A university admission exam is used to choose students at these schools and others.
Fee Structure for BSc Actuarial Science Admission
The costs for a BSc in actuarial science vary. Depending on the organization giving the training. Typically, this training costs between INR 50,000 and INR 300,000 annually.
Salary Provided
The compensation packages offered to actuarial science graduates are satisfactory. The typical compensation ranges from INR 2.5 LPA to INR 15 lakh annually. Actuaries, mathematicians, economists, risk managers, financial analysts, auditors, cost estimators, budget analysts, accountants, insurance underwriters, etc. are among the professions.
Employer Sectors
The most well-known industries for employment include banking, investment, actuarial, consulting, and stock exchanges. PWC Actuarial Services India, Max Bupa Health Insurance, Bharati Shipyard Ltd., WNS, Towers Watson, and Mercer are some of the associated industries in India.
Different Courses
The full-time version of this program is available. It lasts for three years.
Online/Part-Time: There is currently no policy in place for an online/part-time course. For this course, there is no distance learning available.
Examinations for Admission to BSc in Actuarial Science
CMAT, or Common Management Admission Test
(CAT) Common Admission Test
Admission Syllabus for Actuarial Science in BSc
| Semester I | |
| Mathematical Functions | Probability & Statistical Methods |
| General Insurance – I | Understanding Self for Effectiveness |
| English Language Usage Essentials | Application of Calculus in Actuarial Science |
| Analytical Geometry of 2 Dimension | Life Insurance – I |
| Numerical Methods & Application | Open Elective Courses |
| Semester II | |
| Country Report (SAP Courses) | Modern Trends & Innovative Solutions through Technology Management |
| Foundation of Regulation of Insurance Business | Actuarial Application in IT – I |
| Understanding Business Environment in Global Scenario | Creating Global New Ventures |
| Probability & Statistical Methods-II | Management Foundation |
| General Insurance – II | Introduction to Communication Skills |
| Individual Society and Nation | Methods of Applied Mathematics |
| Foreign Business Language | Life Insurance – II |
| Semester III | |
| Minor Project – I | New Leadership in Cross-cultural context |
| Strategizing using Innovation | Actuarial Application in IT – II |
| Business Research Methods in Global Environment | Actuarial Accounting – I |
| Probability & Statistical Methods – III | Time Value of Money |
| Problem-Solving and Creative Thinking | Country Report (SAP Courses) |
| Effective Written Communication | Sampling Techniques |
| Introduction to Health Insurance | Actuarial Economic Models-I |
| Semester IV | |
| Creating Global New Ventures | Understanding Business Environment in Global Scenario |
| Emergency Response to Life-saving Skills | Actuarial Application in IT – III |
| Liability Insurance | Investment Project Appraisal |
| Actuarial Accounting – II | Modern Trends & Innovative Solutions through Technology Management |
| Probability & Statistical Methods-IV | Values and Ethics for Personal and Professional Development |
| Fundamental of Life Insurance Underwriting | Foreign Business Language |
| Professional Communication for Recruitment and Employability | Principles of Finance |
| Semester V | Semester VI |
| Outdoor Activity-Based Courses | Outdoor Activity-Based Courses |
| Foreign Business Language | Foreign Business Language |
| Open Elective Courses | Open Elective Courses |
Suggested University for Bsc Actuarial Science Admission in India
| University Name | State | Type of University |
| Christ University | Bangalore | Private University |
| V. O. Chidambaram College | Tamil Nadu | Public University |
| Annamalai University | Tamil Nadu | State University |
| Mumbai University | Maharashtra | State University |
| Banas thali Vidyapith | Rajasthan | Private University |
