Actuarial science is a discipline that utilises mathematical and statistical methods to manage risk and model financial impact based on the likelihood of future scenarios.
Actuaries are experts in:
IAQS is one of the best Actuarial Science Institute in India that offers formal education to students who aspire to build their career in Actuarial Science.
IAQS offers a comprehensive actuarial science course in India that has helped students to explore these various streams.
If you enjoy problem-solving and number crunching, love mathematical analysis and have a knack for communicating ideas, this could be the career that you are looking for, IAQS is one of the best institute for actuarial science in India that offers quality training and education to students who wish to take up this career.
1. Each professional course has a registered institute to take up the studies and certification. In India, most students enrol in one of the following institutes:
These institutions have 13 papers and it is ideal to start taking the actuarial science exams alongside undergraduate studies. Students can take exams bi-annually and it is a distant learning program with centers across the country.
2. For undergraduate courses, commerce students have typically chosen B. Com, B.M.S, B.B.I to name a few and the science students have been choosing B.Sc. in Statistics.
But these courses don't compliment the actuarial science career path and hence students face various issues:
To offset these issues, we at IAQS (Institute of Actuarial and Quantitative Studies), have launched a Bachelor's Degree conferred by Patkar-Varde College, affiliated to the University of Mumbai.
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Patkar -Varde College in association with IAQS offers a Bachelor’s Degree that compliments Actuarial studies primarily with Individualised mapping with 7 of 13 papers (of Both IFoA and IAI). The breakup of each paper across the 3 years is as mentioned below:
|Actuarial Science (IFoA, IAI)|
|End of Year 1||CS1, CB2|
|End of Year 2||CM2, CB1|
|End of Year 3||CS2*, CM1*, CP2|
*if opted for Actuarial elective
Actuarial Science is more of a distance learning program wherein students have to take exams every 6 months. This system clearly lacks holistic learning. To bridge this gap IAQS has built its courses not only to compliment the Actuarial curriculum but also provide an overall platform supporting immersive learning by: