BSc Actuarial Science

Bachelor of Science in Actuarial Science

B.Sc (Actuarial Science) or Bachelor of Science in Actuarial Science is an undergraduate Actuarial Science course. During the course, the main emphasis is given on the mathematical and statistical analysis of risk, and its applications to insurance and other business management problems. It resolves economic risks in the insurance and investment sector using mathematical and statistical methods. Bachelor of Science in Actuarial Science is a three years degree course but its duration may fluctuate from place to place. The syllabus for the course is divided into six semesters. The degree course is an important and valuable one that opens many career scopes along with further higher studies.

B.Sc (Actuarial Science) Eligibility

• The minimum qualification to join the undergraduate course in actuarial science is a pass in the 12th or equivalent examination with at least 85% in Mathematics/Statistics.

B.Sc (Actuarial Science) Syllabus

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

B.Sc (Actuarial Science) College

• Yashwantrao Chavan Maharashtra Open University, Nasik

B.Sc (Actuarial Science) Course Suitability

• One should have been a good aptitude for mathematics and statistics can become an actuary.
• They should have 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 to be self-motivated.
• Those who have a single-minded dedication and a systematic approach towards problems in order to successfully complete the various stages of the course also are a good match for it.
• Those who are willing to go for teaching fields at higher degree level both in private and government institutions also can go for this course.

How is B.Sc (Actuarial Science) Course Beneficial?

• The degree course is beneficial mainly in the insurance sector but now its importance has increased in sectors like non-life insurance, employee benefits, health insurance, asset management, reinsurance, insurance broking houses, and consulting companies as well.
• In other areas where employee benefits and retirement/pension schemes are dealt with, the candidates have to calculate the amount of money to be paid as a contribution to a pension fund in order to generate a certain income level post-retirement. So this sector is very beneficial for them.
• Candidates who want to pursue their studies for a Master’s degree and then for research work also can go for the course; thus it gives a good base for further studies.

B.Sc (Actuarial Science) Employment Areas

• Colleges & Universities
• Investment Sector
• Actuarial Sciences
• Banking Sector
• Consulting Firms
• LICs
• Health Care Units
• Stock Exchanges

B.Sc (Actuarial Science) Job Types

• Audit Manager
• Actuarial Analyst
• Assistant Manager
• Business Intelligence Consultant
• Credit Risk Manager
• Catastrophe Risk Analyst
• Teacher & Academician
• Team Lead/Assistant Team Manager
• Quality Assurance Associate

Advanced Course in B.Sc (Actuarial Science)

• M.Sc. (Actuarial Science)