Actuarial science course in india

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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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What our students say about us

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They made me realize my worth and cleared my confusions and they gave all the data required to take a decision on choosing the right course - iProledge Career Counselling is best.

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PG Student - Mangalore

Learning Actuarial Science (IFoA) @iProledge

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Career Guidance

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Hand Made Study Notes

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Personal Mentorship

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Corporate grooming sessions

Placement Assistance

Question Bank

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Physical and Mental Health Support 

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24/7 support

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

1

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.

2

3

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.

4

5

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.

6

Fees of Actuarial Science Exam in India

Membership fees :

Reduced Rate - £208 

Full Rate - £320 

NOTE: IT IS NOT COMPULSORY TO BUY SP OR SA STUDY MATERIAL 

Actuarial Science Exam Schedule

This Exam is conducted in twice a year :

1st  Exam : April,

2nd exam : September

Actuarial Science Exam Centers in India

  • Bangalore

  • Mumbai

  • Delhi

  • Indore

  • Kolkata

  • Nagpur

  • Ranchi

  • Gurgaon

  • Kochi

  • Chennai

  • Bhubaneswar

  • Chandigarh

  • Pune

  • Dehradun

  • Hyderabad

  • Patna

  • Raipur

  • Vizag

  • Jaipur

  • Coimbatore

  • Ahmedabad

  • Baroda

  • Lucknow

  • Guwahati

Compare Actuarial Science vs Indian CMA vs US CPA vs CIMA UK vs CA vs CFA

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Actuarial Science Salary
Actuarial Science Job Roles and Responsibilities
Actuaries have historically only been able to work for life insurance companies. However, job opportunities have increased, and they can now work for non-life insurance companies, investment consultancies, financial services, banking, and stock exchanges, among other places. They can also work for the government or for private businesses.

Financial Analyst

Accountant

Budget Analysts

Cost Estimator

Economist

Financial Services

Stock Exchanges

Risk Management

Pension Consultants

Investment Consultancies

Auditor

Chief Financial Officer

Actuarial Science Corporate career and Big 4's

PWC  iProledge
KPMG - iProledge
Deloitte - iProledge
Godrej - iProledge
Genpact - iProledge
Larsen & Toubro - iProledge
Infosys - iProledge
Mphasis - iProledge
Northern Trust - iProledge
Morgan Stanley - iProledge
Ernst & Young - iProledge
Johnson and Johnson - iProledge
Siemens Gamesa - iProledge
Kotak Mahindra Bank - iProledge
oracle - iProledge
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Grant Thornton - iProledge
HCL - iProledge
Reliance Industries - iProledge
Philips - iProledge
Goldman Sachs - iProledge
Amazon - iProledge
HP - iProledge
J P Morgan - iProledge
Citibank - iProledge
TCS - iProledge
Wipro - iProledge

1. How do I Enroll for a course?


Just click on "Enroll Now" , fill the form and then expect a call back from our team. After screening your profile we will send you the admission letter with the payment link and other requirements to attend online classes.




2. What will happen if I miss any classes?


We provide the recorded videos of the online classes held right after every class is over.




3. How can I select my Master?


To attend classe of a particular Master, you can select your favourite Master in the Application form while enrolling for the course.




4. How many Masters will Teach me in this Course?


You will be taught by one Master only whom you choose as your Favourite while applying for the course.




5. What is the course fee and How do I pay it?


Course fee will be mentioned in the "Offer Letter" along with which a Payment link is added to make the payment.




6. Can I pay the course fee payment in Parts?


Yes, once you recieve an "Offer Letter" you can, leave a Whatsapp Message to us with your requirements with the "Admission Letter Reference Number" to know more about it.




7. When will I be contacted after submitting my application?


Our Team will contact you within 24 - 48 hours, after the submission of your application.





Frequently Asked Questions