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Actuarial Science Masters

Actuarial Science

The Institute and Faculty of Actuaries (IFoA) is the UK's chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. Actuarial Science deals with evaluating risk and stability in insurance and finance industries using mathematical and statistical modelling. Students who like mathematics and the concepts of applied mathematics will enjoy actuarial science.

Classes available for all 13 Papers

Online Classes

Batch Dates

Course Duration

Batch Type

-

3 Months per Level

Weekdays - 3 Class Per Week

Weekend

Total Batch Size

10 Students

Note - Access to the course would be available until the next
exam date.

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Learning Actuarial Science (IFoA) @iProledge

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Course Details

About Actuarial Science

Actuarial Science deals with evaluating risk and stability in insurance and finance industries using mathematical and statistical modelling.

Actuaries work in Actuarial Science to assist businesses to improve their profitability by developing financial plans that reduce the likelihood of risk (money loss) or the financial loss associated with those risks.

Mathematics, probability, statistics, finance, economics, and computer science are all used in actuarial science and are moderately interrelated. As a result, if statistics and mathematics are your strong suits, you should consider a career in actuarial science.

Actuarial Science is a lesser-known specialization in India, and it is primarily pursued by economics or math graduates seeking a successful career as an Actuary.

An actuary's responsibilities would be modelling, premium calculation, risk management, capital reserving, and other actuarial tasks.

Why Study Actuarial Science ?

Graduates of actuarial science have a promising future in both the public and private sectors.

Their job is to assess the risks associated with financial activity and to mitigate those risks.

They're especially important in the insurance industry and pension plans because they can predict future risks.

Increase in Career opportunities.

In India, the field of actuarial science is slowly gaining traction and recognition.

This field's scope includes math, statistical knowledge, risk assessment skills, and the estimation of financial goods such as insurance and investments.

Actuarial Science is an excellent field for students who enjoy mathematics and the principles of applied mathematics.

Only 439 actuaries are currently practicing in the United States, demonstrating the difficulty of the profession. However, it is a rapidly growing field with a high demand for qualified candidates. You can finish this course and work in the industry with determination and hard work.

Actuaries are among the highest-paid professionals in the world today.

Actuarial Science Curriculum

Stage 1 : Core Principles

Stage-2 : Core Practices

Stage-3 : Specialist principles (SP)-Only two papers

Stage-4 : Specialist Advanced (SA)-Only two papers

Actuarial Science Eligibility Criteria (IFoA)

You can start writing your exams after becoming a Student Member of IFoA. There are two methods to gain "Student Membership"

Method 1:

Take up Commerce with Maths or PCM after class 10th.

Pursue your graduation in Maths, Statistics, B.Com or Actuarial Science.

Method 2:

Give CM1 or CS1 as first exam and Pass the Exam

Note: If a candidate passes the exam and then applies for membership, their application will be accepted pending verification of the required documents.

Actuarial Science Exam Registration Procedure

Visit the official website of IFoA

Log in to the My Account area of the IFoA website, using your ARN (Actuarial Reference Number) as a Username and your chosen Password.

Once you have logged in select My Exams, Book an Exam and Book April/September exams, then select you examination session

You will then be asked to select a subject. Please be aware you will only be allowed to choose one subject at a time.

Select an examination time slot.

Once you have selected and confirmed your exam slot, you will be asked to make payment. After you have made a successful payment you will receive an email confirming your booking.