Thursday, April 8, 2010

Courses in Actuarial Sciences, the new craze !

Actuarial Science is a subject that applies mathematical and statistical principles to assess risk in insurance and finance industries. Career in Actuarial Science has come across as one of the most lucrative professions for many in India.

Actuaries are professionals who are qualified through education and experience to provide services like finance and investment, insurance (health, life, general) and several benefit plans regarding employee retirement.

There are all kinds of courses in Actuarial Science, degree, diploma and certificate at all levels. One may pursue any of the following courses in Actuarial Science:

-B.A. in Insurance
-B.Sc with Actuarial science as a subject
-B.A (program) with insurance as a subject
-M.A. in Insurance Business
-M.Sc in Actuarial Science
-Foundation in Financial Planning
-PG Diploma in Insurance and Risk Management
-PG Diploma in Insurance Science
-PG Diploma in management of Insurance and financial services
-PG Diploma in Certified Risk and Insurance management
-Certificate course in intermediaries in Specific insurance subjects

Actuarial science graduates can join both government and private sectors and can work as an agent or a licensed insurance surveyor. Multinational insurance companies abroad are also hiring trained Indian professionals at higher salaries.

There are many universities offering courses in Actuarial Science across the country. Some of the institutes are listed below:

1. University of Mumbai,
2. Kurukshetra University,
3. Goa University,
4. University of Pune,
5. Aligarh Muslim University, Aligarh,
6. University of Kalyani,
7. University of Delhi, Delhi,
8. University of Madras, Chennai,
9. Actuarial Institute of India, Mumbai,
10. Institute of Certified Risk and Insurance Managers, Hyderabad,
11. The College of Vocational Studies (University of Delhi),
12. Asia Pacific Institute of Management, New Delhi,
13. Birla Institute of Management Technology, New Delhi,
14. Department of Humanities and Social Sciences, IIT Mumbai


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