B.Com Actuarial Science

Bachelor of Commerce in Actuarial Science

B.Com Actuarial Science or Bachelor of Commerce in Actuarial Science is an undergraduate Commerce course. Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Actuarial science includes many interrelating subjects, including probability, mathematics, statistics, finance, economics, financial economics, and computer programming. Bachelor of Commerce in Actuarial Science is generally a three academic year degree course and it may be provided on a part-time basis by certain institutes.

B.Com Actuarial Science Eligibility

• Aspiring candidates should have completed 10+2 or its equivalent examination
• 10+2 class must be qualified in Commerce stream with Commerce and Account subjects mandatorily
• The marks of admission for this course may vary from college to college.
• In various colleges, it conducts entrance exams and the percentage of 12th class for the admission

B.Com Actuarial Science Syllabus

Syllabus of Actuarial Science as prescribed by various Universities and Colleges.

B.Com Actuarial Science Colleges

• DAV Centenary College, Faridabad
• PSGR Krishnammal College for Women, Coimbatore

B.Com Actuarial Science Course Suitability

• Students who are interested in economic activities such as trade, commerce, industry, management, and related areas, etc. are most suitable for this course. 
• Those who are willing to go for teaching fields at higher degree level i.e. college and university level both in private and government institutions. 
• A person with a high degree of aptitude for mathematics and statistics can go for it. 
• The other necessary skills include good communication skills, the 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 be a team player as the situation demands, and to be self-motivated.

How is the B.Com Actuarial Science Course Beneficial?

• One can go for higher degree programs in respective subjects for Masters’s degree, etc. After the degree course candidates can have jobs regarding formulating policies and calculating the premium to be charged.
• For this, they assemble and analyze data to estimate the probability of such eventualities as death, sickness, injury, disability, and property loss and formulate a sum that is advantageous to the customer as well as the company. 
• The areas like employee benefits and retirement/pension schemes are dealt with, the actuaries should calculate the amount of money to be paid as a contribution to the pension funds to generate a certain income level post-retirement. 
• They have also bright job options in fields like general insurance, health insurance, reinsurance companies, pensions and employee benefits, investment consultancies, risk management, banks, stock exchanges, and private and government agencies.

B.Com Actuarial Science Employment Areas

• Banking Sector
• Colleges & Universities
• Financial Departments
• Healthcare Sector
• Stock Exchanges

B.Com Actuarial Science Job Types

• Actuarial Analyst
• Actuarial Manager
• Actuarial Programmer
• Actuarial Services Analyst
• Actuarial Science Tutor/ Teacher
• Actuarial Sciences Assistant Professor
• Health and Benefits Actuarial Consultant
• Life Actuarial Senior Associate
• Property & Casualty Actuarial Manager

Advanced Course in B.Com Actuarial Science

• M.Com