MBA Actuarial Science

Master of Business Administration in Actuarial Science

MBA (Actuarial Science) or Master of Business Administration in Actuarial Science is a postgraduation Actuarial Science course. Actuarial science is the use of mathematical and statistical approaches to risk assessment in insurance and finance. Students pursuing a Master of Business Administration in Actuarial Science are masters in estimating the financial effect of future unpredictable occurrences. They increase trust in financial decisions by examining the past, estimating the future, assessing the risks involved, and conveying the financial implications of the outcomes. The Master of Business Administration in Actuarial Science program lasts two years and is broken into six sections.

MBA (Actuarial Science) Eligibility

• Students should have passed a Bachelor’s degree in Mathematical Sciences / Computer Sciences / Engineering / Physics / Commerce or equivalent qualification from a recognized University.
• The candidates should have secured a minimum of 55% aggregate marks or equivalent in their Bachelor's.
• Graduate student member of the Institute of Actuaries of India.
• In some of the reputed colleges and institutes, there is an entrance test for admission.

MBA (Actuarial Science) Syllabus

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

MBA (Actuarial Science) Colleges

• Narsee Monjee Institute of Management Studies - NMIMS, Mumbai
• Pacific University, Udaipur
• Amity School of Insurance and Actuarial Science, Noida

MBA (Actuarial Science) Course Suitability

• A Master of Business Administration in Actuarial Science is appropriate for any company handling long-term financial initiatives in both the public and commercial sectors.
• It is appropriate for practice in a variety of industries, including banking, investment, risk management, insurance, and pensions, under the supervision of well-established professional organizations. The responsibilities will be diverse, reflecting actuaries' expanding prominence as critical risk arbitrators in business and financial processes.
• Other required abilities include solid communication skills, the ability to utilize computers and associated technologies, business sense, a practical approach, a curious mind, the capacity to work alone and as part of a team as the circumstance requires, and the ability to be self-motivated.
• They should have a single-minded devotion, total dedication, and a systematic approach toward problems to successfully complete the various stages of the course and be registered as a fellow.

How is the MBA (Actuarial Science) Course Beneficial?

• MBA in Actuarial Science is a great option for Actuarial Science students. The study and use of mathematical and statistical approaches for risk management in the banking and finance sector are known as actuarial science.
• They may pursue administrative roles in which they must explain technical issues to executives, government authorities, shareholders, and policyholders.
• Employee benefits and retirement/pension plans need them to compute the amount of money to be paid as a contribution to the pension fund in order to create a specified income level after retirement.
• After passing, applicants can continue on to further degree programs.

MBA (Actuarial Science) Employment Areas

• Academic
• Consultancy
• Government
• Investment
• Industrial Corporation
• Labour Union
• Life Insurance / General Insurance / Health Insurance / Re-Insurance Company
• Risk Management
• Pension Fund

MBA (Actuarial Science) Job Types

• Actuarial Modeller / Actuarial Analytics Technician / Actuarial Group Manager / Actuarial Consultant
• Business Analyst
• Quantitative Analyst
• Risk Analyst