About B.Sc Actuarial Sciences
Bachelor of Science in Actuarial Sciences is a 3-year undergraduate course designed for candidates who seek a career in the banking, investment and finance industry. The course comprises a diverse study of different fields of mathematics and statistics. Students are taught to decipher the economic pattern and market trends interns of figures and numbers. The course also comprises communication methodologies and study of risk management to teach the students how to prevent investment losses.
B.Sc Actuarial Sciences Course Highlights
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Course Name |
B.Sc Actuarial Sciences |
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Course Level |
Graduation |
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Course Type |
Degree Programme |
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Course Stream |
Science |
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Course Duration |
3 Years |
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Minimum Qualification Required |
10+2 |
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Selection Process |
Admission Through Entrance Exam |
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Course Fee |
INR 50,000 - INR 3 Lakh |
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Job Types |
Financial Analysts, Risk Managers, Auditors, Cost Estimators, Budget Analysts, Economists, etc. |
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Salary |
INR 2.5 LPA - INR 15 LPA |
B.Sc Actuarial Sciences Eligibility Criteria
In order to get admission or apply for B.Sc Actuarial Sciences, candidates must meet the following eligibility criteria.
- Candidates must have completed Class 12 or equivalent level of education from a recognised Indian Board.
- The minimum percentage required may vary but candidates must have scored at least 70 per cent marks in aggregate in the compulsory subjects.
- Candidates must have studied Mathematics or Statistics or any relevant subject as one of the compulsory subjects in Class 12.
Admission Process for B.Sc Actuarial Sciences
- The admission to B.Sc. Actuarial Science course is done on the basis of an entrance exam.
- Some institutes conduct their own entrance exam whereas some participate in the national-level entrance exams.
- One of the top entrance exams for the course is Actuarial Science Entrance Exam conducted by Institute of Actuaries of India.
B.Sc Actuarial Sciences Syllabus
Year I
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Semester I |
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Mathematical Functions |
Probability & Statistical Methods |
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General Insurance - I |
Understanding Self for Effectiveness |
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English Language Usage Essentials |
Application of Calculus in Actuarial Science |
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Analytical Geometry of 2 Dimension |
Life Insurance - I |
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Numerical Methods & Application |
Open Elective Courses |
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Semester II |
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Country Report (SAP Courses) |
Modern Trends & Innovative Solutions through Technology Management |
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Foundation of Regulation of Insurance Business |
Actuarial Application in IT - I |
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Understanding Business Environment in Global Scenario |
Creating Global New Ventures |
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Probability & Statistical Methods-II |
Management Foundation |
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General Insurance - II |
Introduction to Communication Skills |
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Individual Society and Nation |
Methods of Applied Mathematics |
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Foreign Business Language |
Life Insurance - II |
Year II
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Semester III |
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Minor Project - I |
New Leadership in Cross-cultural context |
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Strategizing using Innovation |
Actuarial Application in IT - II |
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Business Research Methods in Global Environment |
Actuarial Accounting - I |
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Probability & Statistical Methods - III |
Time Value of Money |
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Problem Solving and Creative Thinking |
Country Report (SAP Courses) |
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Effective Written Communication |
Sampling Techniques |
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Introduction to Health Insurance |
Actuarial Economic Models-I |
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Semester IV |
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Creating Global New Ventures |
Understanding Business Environment in Global Scenario |
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Emergency Response to Life-saving Skills |
Actuarial Application in IT - III |
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Liability Insurance |
Investment Project Appraisal |
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Actuarial Accounting - II |
Modern Trends & Innovative Solutions through Technology Management |
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Probability & Statistical Methods-IV |
Values and Ethics for Personal and Professional Development |
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Fundamental of Life Insurance Underwriting |
Foreign Business Language |
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Professional Communication for Recruitment and Employability |
Principles of Finance |
Year III
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Semester V |
Semester VI |
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Outdoor Activity-Based Courses |
Outdoor Activity-Based Courses |
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Foreign Business Language |
Foreign Business Language |
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Open Elective Courses |
Open Elective Courses |
B.Sc Actuarial Sciences Career Options and Job Prospects
Actuarial science is the core of the banking and finance sector. It is a very important field as it covers risk management in the investment sector and estimates business prospects. Every investment, finance and banking organization needs actuaries to predict the stock market and interest rates basis which money is invested in the market. Actuaries also help organisations in predicting potential investment risks in order to prevent losses. Graduates in this field are always in demand and following are some of the jobs that you can pick after completing B.Sc. in Actuarial Sciences.
Some of the top employment areas and job profiles that candidates can explore are mentioned below.
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Employment Areas |
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Job Profiles |
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Salary After B.Sc. Actuarial Science
Actuarial Science is one of the highest paying fields in the BSFI sector and lucrative jobs are offered at graduate as well as postgraduate level. Freshly graduated candidates can expect a starting salary of Rs. 2.5 lakh to Rs. 5 lakh. Experienced professionals and MBAs in this field are also offered packages up to Rs. 15 lakhs.
For better understanding, salary packages offered to candidates at different job profiles are mentioned below in the table.
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Job Profiles |
Initial Salary Package |
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Actuary |
INR 7 LPA - INR 8 LPA |
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Budget Analysts |
INR 3 LPA - INR 4 LPA |
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Accountants and Auditors |
INR 2.5 LPA - INR 5 LPA |
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Cost Estimators |
INR 4.5 - INR 5 LPA |
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Financial Analysts |
INR 3 LPA - INR 5 LPA |
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Economists |
INR 6.5 LPA - INR 7.5 LPA |