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Ankit Agrawal - Thursday 8th September 2022
Are maths and statistics your favourite subjects? Would you like to use these subjects for calculating financial risk and their management? If yes, you should consider a career in Actuarial Science.
Actuarial Science deals with scientific calculation and evaluation of monetary, insurance and financial risks. They help is maintaining the economic stability in insurance and financial organisations. They apply mathematical, statistical and computational models for the risk assessment and evaluation. They also use probability principles to predict the risk involved in coming future also provide preventive measures.
Examples: In India, only a Fellow Actuary can certify the price of a life or general insurance policy.
There are 3 ways
Student can do 12 (Any Stream). Then complete ACET (Actuarial Common Entrance Test). Further you can Proceed with Practice Actuariary.
Student can do 12 (Commerce/Science with Maths). Then complete B.Sc in Actuarial Science. Further you can Proceed with M.Sc/MBA in Actuarial Science.
Student can do 12 (Commerce / Science with Math). Then complete Graduation in Maths/Statistics/Economics. Further you can Proceed with M.Sc/MBA/PG program in Actuarial Science.
| 1 | Fees |
Low
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|---|---|---|---|
| 2 | Demand |
High
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| 3 | Salary |
High
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| 4 | Level Of Preparation |
Medium
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Confused about Actuarial Science as a career? Take 20 Min free career test to find out is Actuarial Science a right career choice for you?Check career suitability for Actuarial Science
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