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4 Reasons Why You Should Take Up Actuarial Science

Actuarial Science can open doors to one of the most satisfying careers if you have an inborn ability for analysing situations or have a curious mind for number-crunching. According to certain reports, there’s going to be a considerable rise in the demand for Actuarial Science jobs by 2028. Since Actuarial Science is primarily used for evaluating risks and ensuring financial stability of various organisations, the significance of this special area of study is never going to diminish for a long period of time. Let’s take a quick look at some of the reasons why you should pursue an actuary course in India.

  1. Steady income and profession

The basic role of an actuary is to analyse risks and predict the likelihood of future events using mathematics and statistics. They work across various sectors such as pensions, insurance, finance, investments, data analysis etc. There is always a high demand for actuaries as the above-mentioned sectors are essential for building a sustainable society. However, technology and inventions have transformed most professions, and hence it is important to evolve with changing times and learn the modern aspects of actuarial science. IAQS is one of the best actuarial science colleges in India that is known for its expert faculty members who have extensive knowledge and experience in this field.

  1. Challenge your intelligence

Analytical thinking is extremely important for someone who wants to take up actuarial science. Though it’s challenging at times, it can be exciting if you have a natural problem-solver in you. Apart from that, it also gives you an opportunity to find solutions to complex financial problems. That’s the reason why you should have a strong foundation in commerce and economics. If you want to pursue a bachelor’s in actuarial science in India, then IAQS offers the most comprehensive course that not only hones your analytical skills but also makes you competent enough to communicate your findings clearly.

  1. Always in demand

The reason behind the demand in Actuaries is because they are great risk managers and have good problem-solving ability. The professional body for actuarial science is quite a niche one which means that actuaries are always on demand and it’s considered to be a well-respected profession. It’s comparatively more difficult to qualify as an actuary as the examinations are tough and rigorous. It requires a lot of commitment, hard work and determination to be a successful actuary. However, at the end of the course, you will have a special skill that very few people in the world can have.  Actuarial science is recognised across the globe as an esteemed profession. It goes without saying that since they are always in demand, actuarial science is also one of the highest-paid professions.

  1. Make a difference

In a way, actuaries have a significant role to play in society. They provide vital solutions that help people make informed business decisions. Actuarial science also provides useful solutions to deal with real-life situations across industries. In fact, their work can impact the lives of thousands of people as they are constantly working towards offering better analytical solutions to prevent major risks.

If you are someone who likes to take up challenges and never stops until you find solutions to complex problems, then actuarial science is a good way in which you can help change lives for the better.

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