Actuarial course after 12th includes B.A and B.Sc programmes offered by top Universities like Amity University, Bishop Heber College, Lovely Professional University, etc.
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Actuarial courses after 12th primarily focus on mathematical and statistical techniques to analyse financial planning. Furthermore, Actuarial Sciences courses involve studies about insurance risk calculations, insurance investment and statistical analysis to solve financial problems of the future.
Students who wish to pursue Actuarial courses after 12th must have a keen interest in Mathematics, Statistics and Probability. Various Universities, such as Amity University, Lovely Professional University, and Islamic University of Science & Technology, offer Actuarial Sciences courses at the Undergraduate level.
Actuarial Courses After 12th
Actuarial courses after 12th include Diploma, B.A, and B.Sc programmes in different specializations. Refer to the points below to learn more about the UG courses in Actuarial Science:
- B.Sc Actuarial Mathematical Science
- B.A (Hons.) in Insurance and Banking
- B.Sc (Hons.) in Actuarial and Financial Mathematics
- B.Sc (Hons.) Statistics
B.Sc Actuarial Mathematical Science
Institutes like Bishop Heber College, Mumbai University, and more offer the B.Sc Actuarial Mathematical Science programme. Students who wish to study financial risks in the Insurance and Banking fields through statistical and mathematical methods can pursue this course. Upon completing this course, students can expect employment as Risk managers, auditors, analysts, financial analysts, etc.
Read More on BSc Actuarial Science
B.A (Hons.) in Insurance and Banking
Actuarial courses after 12th include B.A (Hons.) in Insurance and Banking. It is an undergraduate programme that includes the study of banking and various concepts of Insurance. Students who have passed their 12th class can apply for this course and pursue careers in Insurance and Banking.
B.Sc (Hons.) in Actuarial and Financial Mathematics
Various Universities offer B.Sc (Hons.) in Actuarial and Financial Mathematics programmes for students who wish to pursue a career in Actuarial Science. By pursuing this course, students will be able to learn about Insurance risks, management, premium, and more. Students after this course can expect to work as Actuarial Analyst, Managers, etc.
B.Sc (Hons.) Statistics
The list of Actuarial courses after 12th includes B.Sc (Hons.) in statistics. This programme primarily focuses on strategies and techniques to collect, organise and analyse data. Students can expect jobs in various sectors such as Banking, Financial Institutions, Research & Development, etc.
Also, Check: B.Sc Statistics
Top Universities Offering Actuarial Courses After 12th
Various top Universities offer Undergraduate programmes in actuarial science after 12th. Following is the list of universities and details about the courses offered in actuarial science:
|
University Name |
Courses Offered |
|
B.A (Hons.) in Insurance and Banking B.Sc. (Actuarial Science) |
|
|
B.Sc. Actuarial Science |
|
|
B.Sc. (Hons.) Statistics |
|
|
Islamic University of Science & Technology, Pulwama, Jammu & Kashmir |
B.Sc (Hons.) in Actuarial and Financial Mathematics |
|
B.Sc Actuarial Mathematical Science |
|
|
B. Sc. (Hons.) Actuarial Science |
|
|
B.Sc (Hons.) Statistics & Actuarial Science |
Skills Required to Pursue Actuarial Science
Actuarial Science specializes in applying mathematical and statistical methods to analyse risk in insurance, investments, and other financial decisions. A person interested in pursuing a career in actuarial science must have the following set of skills:
- Mathematical and Statistical Approach: Actuarial science is all about numbers and dealing with statistical figures. The mathematics involved in actuarial science includes calculus, probability and statistics.
- Computer Skills: Knowledge of computers is a must skill a person should have if interested in pursuing an actuary course. Evaluating models and statistical data is a frequent practice in actuarial science.
- Management Skills: Managing risks and solving financial, insurance-related problems is the primary skill actuaries possess.
- Communication Skills: Actuaries involve dealing with clients and working personnel to explain complex technical and statistical terms in an easy-to-understand language.
Career Scope of Actuarial Science
Pursuing actuarial science as a major can lead to an interesting and dynamic career. Some of the job profiles with average salaries are mentioned below:
|
Job Profile |
Average Salary (Annual) |
|
Actuarial Analyst |
INR 13 Lakh |
|
Actuarial Product Manager |
INR 11.5 Lakh |
|
Actuarial Associate |
INR 6.28 Lakh |
|
Actuarial Consultant |
INR 9.4 Lakh |
|
Risk Manager |
INR 10 Lakh |
|
Financial Adviser |
INR 6.30 Lakh |
Also, Read More: How To Become An Actuary In India
Top Recruiters
Graduates can work in high-paying firms after completing actuarial science courses after 12th. Some of the top recruiters of actuarial science are:
- Aon Hewitt
- Mercer
- Towers Watson
- Birla Sunlife
- Milliman
- Accenture
- Liberty Mutual
- Max Bupa Health Insurance
- The Travellers
- Ernst & Young (EY)
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