| Introduction |
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The B.Sc. program will prepare students for an actuarial career as well as postgraduate work in mathematics or applied mathematics. The M.Sc. program offers further specialization in statistical sciences focused on the actuarial applications. An actuary uses mathematical tools to do risk assessment mainly in the financial services sector including insurance companies, commercial banks, investment banks and retirement funds. Actuaries play a key role in designing insurance plans by determining the premium, monitoring the profitability of the company, and recommending corrective measures whenever necessary. To be successful, they need strong mathematical skills, business knowledge and a good understanding of human behavior. As such the curriculum for this course includes business and social science courses in addition to a broad spectrum of mathematics courses. This program will give our students the competitive edge in the financial industry that a traditional undergraduate program in mathematics would be unable to provide. |
| Minimum Duration |
| 4 Semesters |
| Intake (Zero mean not defined or vacancy based) |
| 20 |
| Eligibility |
| For M.Sc.: Any candidate who has a bachelor's degree in math, or statistics or applied math or actuarial math from any recognized institution. |
| Selection Procedure |
| Selection is based on an entrance test that covers mathematical/statistical knowledge at the B.Sc. level. |
| Carrer Prospectus |
| Actuarial career has consistently been ranked amongst the best careers in the industrial world and is often called a ‘zero-unemployment’ profession. In just the last decade, the number of insurance companies in the country has quadrupled. As a result, there is now a very high demand for actuaries within the country and the salaries, even for entry level actuarial positions, are very high. This program will also prepare students for other mathematics-related careers in government, business and industry. |
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Department of Mathematical Sciences