M.B.A. (Actuarial Science) Master of Business Administration in Actuarial Science
M.B.A. Actuarial Science or Master of Business Administration in Actuarial Science is a post graduation Course of two years. Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance. The students of M.B.A. (Actuarial Science) are experts in assessing the financial impact of tomorrow's uncertain events. They enable financial decisions to be made with more confidence by: analyzing the past, modelling the future, assessing risks involved, and communicating what the results mean in financial terms. The duration of the course is two years and its syllabus is divided into six parts.
M.B.A. Actuarial Science Eligibility
The basic eligibility for M.B.A. (Actuarial Science) is Graduation in Mathematical sciences / Computer Sc. / Engineering/ Physics / Commerce (Min. 55% in Mathematical Subject / Qualified member of ICAI / ICAWI / Enrolled Graduate member of IAI/min 85% in Mathematics at 10+2 )
Graduate student member of Institute of Actuaries of India.
Some reputed colleges and institutes do conduct entrance test to get admission to their M.B.A. (Actuarial Science) degree course
Master of Business Administration in Actuarial Science Suitable for any business managing long-term financial projects both in the public and private sectors.
Suitable for practice in many sectors including finance, investment, risk management, insurance and pensions, working under the aegis of well established professional bodies. The roles will be varied, in line with the growing importance of actuaries as key arbiters of risk in business and financial processes.
Other necessary skills include good communication skills, ability to use computers and related technology, business sense, a practical outlook, a curious bent of mind, the ability to work on one’s own and also be a team player as the situation demands and to be self motivated.
They should also have single minded devotion, total dedication and a systematic approach towards problems in order to successfully complete the various stages of the course and be registered as a fellow.
How is M.B.A. Actuarial Science Course Beneficial?
M.B.A. (Actuarial Science) is one of the best fields for Actuarial Science students. Actuarial science is the study and application of mathematical and statistical methods for risk management in the banking and finance sector.
They can go for administrative positions where they have to explain technical matters to executives, government officials, shareholders, policyholders.
In areas where employee benefits and retirement / pension schemes are concerned, they have to calculate the amount of money to be paid as contribution to pension fund in order to generate a certain income level post-retirement.
They have also the option of going for higher degree programs.
M.B.A. Actuarial Science Job Types
Colleges and Institutes
Colleges offering M.B.A. (Actuarial Science) in India