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B.Sc. in AS & QF

Course durartion

3 years full time degree program
AY 2022-23

QAT Date

Enroll Now
Register now

B.Sc. in AS & QF

Course durartion

3 years full time degree program
AY 2022-23

QAT Date

Enroll Now
Register now
ABOUT THIS COURSE
 
India’s Only Degree Program to be Accredited by IFoA for Exemptions
 
Make your career in Actuarial Science , Data Science & Quantitative Finance.
0
Actuaries in India.
0%
Portion covered of CFA L1 and FRM L1 in Quantitative Finance
0%
Jobs increase in the field of Data Science by 2026.
(Source: U.S. Bureau of Labor Statistics)

Course overview

B.Sc. (Actuarial Science and Quantitative Finance) is curated with a unique blend of Actuarial Science and Mathematical Finance keeping in mind their growing interdependencies. Recent years have seen a huge upsurge in the need of statistical knowledge in the financial arena and at the same time growing actuarial opportunities in the quantitative finance domain. The course will take you on journey through understanding the banking, financial services and insurance domain in detail, quantifying and managing risk, equip analytical mindset together with focusing on holistic development.

Also, at the end of the penultimate year, students must complete a mandatory internship and also select electives for specialisation. At the end of the program this unique combination of technical skills and professional acumen will ensure that you will make a difference, guarding against the impacts of future uncertainty.

Is this course for you?

Actuaries possess a unique mix of mathematical, analytical, communication and management skills. They apply their abilities to create social impact, inform high-level strategic decisions and have a significant impact on legislation, businesses and peoples' lives.

If you enjoy problem-solving and number crunching, love mathematical analysis and have a knack for communicating ideas, this could be the course that you are looking for

This course is created to provide professionals with knowledge of main themes that influence finance, Investment and business decisions

What will set you apart ?

On completion of this course, you’ll walk away with:

  1. 1

    Compliments on professional courses

    • Actuarial Science, CFA, FRM, CAIA, via formal education system.
  2. 2

    Faculty.

    • Industry Experts and academicians.
    • 40+ Years of Cumulative Experience.
  3. 3

    Practical learning.

    • Capstone projects, Job-oriented training, Industry connect.
  4. 4

    Placement cell.

    • Guidance for future career.
    • Resume building.
    • 100% Job Placement Assistance.
  5. 5

    Global reach.

    • International tie-ups and internship opportunities.
  6. 6

    Job ready.

    • Platform enabling students to take lucrative career paths.

Course curriculum

Learn to optimise the IT value chain in your organisation as you work through the weekly modules of this online short course.

Model breakdown

Meet Entry Requirement

  • Semester 1

    • Calculus

    • Financial Mathematics

    • Business Finance – 1

    • Probability & Statistics – 1

    • Applications of IT – Basics of Excel

    • Life Insurance – Principles, Products & Practices

  • Semester 2

    • Numerical methods & Algebra

    • Probability & Statistics

    • Business Finance – 2

    • Introduction to Actuarial Models

    • Non-Life Insurance – Principles, Products & Practices

    • Basics of R

  • Semester 3

    • Statistical & Risk Modelling – 1

    • Portfolio Theory & Security Analysis

    • Project Work – 1

    • Applications of IT – Basics of Python

    • Business Economics – Micro Economics

    • Introduction to Derivatives & Financial Markets

  • Semester 4

    • Statistical & Risk Modelling – 2

    • Financial Engineering – 1

    • Fixed Income Products

    • Business Economics – Macro Economics

    • Statistical Models in R

    • Advance Application Excel

Mandatory Internship

Choose your elective for Specialization

  • Semester 5

    • Professional Ethics / Actuarial Practice Standards

    • Business Communication

    • Model Documentation, Analysis & Reporting

    • Elective A:

      • Pricing & Reserving for Life Insurance Products -1
      • Statistical & Risk Modelling – 3
    • Elective B:

      • Financial Engineering – 2
      • Risk Management & Investment Management – 1

  • Semester 6

    • Predictive Analytics & Machine Learning

    • Psychology of human behaviour at work

    • Application on Bloomberg Terminal or Similar Software

    • Project Work – 2 / C++

    • Elective A:

      • Pricing & Reserving for Life Insurance Products -2
      • Statistical & Risk Modelling – 4
    • Elective B:

      • BASEL
      • Risk Management & Investment Management – 2

Accreditation

India’s only Bachelor Degree program to be accredited by IFoA (Institute and Faculty of Actuaries, UK) for Exemptions. Offers exemption for up to 6 Actuarial Papers (CM1, CM2, CS1, CS2, CB1 & CB2).

 Know More

India’s only Bachelor Degree program to be accredited by IFoA (Institute and Faculty of Actuaries, UK) for Exemptions. Offers exemption for up to 6 Actuarial Papers (CM1, CM2, CS1, CS2, CB1 & CB2).

Graduates from the programme who meet the IFoA's exemption threshold in the relevant university subjects will be eligible for exemption from the corresponding IFoA subjects and will not need to sit the IFoA exam for those subjects.

What will set you apart ?

On completion of this course, you’ll walk away with:

  1. 1

    Compliments on professional courses

    • Actuarial Science, CFA, FRM, CAIA, via formal education system.
  2. 2

    Faculty.

    • Industry Experts and academicians.
    • 40+ Years of Cumulative Experience.
  3. 3

    Practical learning.

    • Capstone projects, Job-oriented training, Industry connect.
  4. 4

    Placement cell.

    • Guidance for future career.
    • Resume building.
    • 100% Job Placement Assistance.
  5. 5

    Global reach.

    • International tie-ups and internship opportunities.
  6. 6

    Job ready.

    • Platform enabling students to take lucrative career paths.

Course curriculum

Learn to optimise the IT value chain in your organisation as you work through the weekly modules of this online short course.

Model breakdown

Meet Entry Requirement

  • Semester 1

    • Calculus

    • Financial Mathematics

    • Business Finance – 1

    • Probability & Statistics – 1

    • Applications of IT – Basics of Excel

    • Life Insurance – Principles, Products & Practices

  • Semester 2

    • Numerical methods & Algebra

    • Probability & Statistics

    • Business Finance – 2

    • Introduction to Actuarial Models

    • Non-Life Insurance – Principles, Products & Practices

    • Basics of R

  • Semester 3

    • Statistical & Risk Modelling – 1

    • Portfolio Theory & Security Analysis

    • Project Work – 1

    • Applications of IT – Basics of Python

    • Business Economics – Micro Economics

    • Introduction to Derivatives & Financial Markets

  • Semester 4

    • Statistical & Risk Modelling – 2

    • Financial Engineering – 1

    • Fixed Income Products

    • Business Economics – Macro Economics

    • Statistical Models in R

    • Advance Application Excel

Mandatory Internship

Choose your elective for Specialization

  • Semester 5

    • Professional Ethics / Actuarial Practice Standards

    • Business Communication

    • Model Documentation, Analysis & Reporting

    • Elective A:

      • Pricing & Reserving for Life Insurance Products -1
      • Statistical & Risk Modelling – 3
    • Elective B:

      • Financial Engineering – 2
      • Risk Management & Investment Management – 1

  • Semester 6

    • Predictive Analytics & Machine Learning

    • Psychology of human behaviour at work

    • Application on Bloomberg Terminal or Similar Software

    • Project Work – 2 / C++

    • Elective A:

      • Pricing & Reserving for Life Insurance Products -2
      • Statistical & Risk Modelling – 4
    • Elective B:

      • BASEL
      • Risk Management & Investment Management – 2

Accreditation

India’s only Bachelor Degree program to be accredited by IFoA (Institute and Faculty of Actuaries, UK) for Exemptions. Offers exemption for up to 6 Actuarial Papers (CM1, CM2, CS1, CS2, CB1 & CB2).

Why Choose us ?

Learn From Industry Professionals.
Scholarships available.
Capstone Projects & Industry connect sessions.
100% Placement Assistance & Mandatory Internships.
Dedicated L.M.S. where you can revisit, rethink & revise Lectures anywhere, anytime.
Compliments Professional Courses such as Actuarial Science, CFA, FRM, CAIA via formal education system

Specialize in multiple domains

The program is based on three prominent fields:

Actuarial Science

Actuarial Science deals with evaluating risks and maintaining the economic stability of insurance or financial organisations. Actuarial Studies graduates learn how to use Mathematics, Statistics, and Probability principles to anticipate future events and take preventive measures.

Data Science

The ability to look at data, understand it, process it, extract value from it, visualize it and communicate it sums up the role of a data scientist in the simplest of terms. Data science is a multidisciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data.

Quantitative Finance

The use of mathematical models and extremely large datasets to analyze financial markets and securities. A company may. Common examples include (1) the pricing of derivative securities such as options, and (2) risk management, especially as it relates to portfolio management applications.

Programming Softwares / Tools Covered

Placement
100% placement assistance

Kotak TATA-AIA Deloitte
Marsh Mclennen KNAV Acies

Male Female Ratio

Boards

Interstate Students

Across 9 States (Delhi, Haryana, Rajasthan, Karnataka, Assam, Kerala, Gujarat, Madhya Pradesh & Maharashtra)

Who Should Apply ?

  • 10 + 2 years of Educationfrom any stream (Science, Commerce or Arts)
  • Quantitative Aptitude test (QAT) - Technical*
    • MCQs based online test
    • 100 Marks paper
    • 2 hours for the exam
    • 11th and 12th Grade level of Math, Stats and English.
  • Personal Interview - Non Technical
    • Communication skills
    • Inter-personal skills
    • Answering skills etc

Note: *QAT get exempted in case the candidate has passed ACET/ any actuarial paper.

Admission Process

What our students think

  • Ujjwal Goyal
    Batch of 2019-2022
  • Krunal Modi
    Batch of 2019-2022
  • Keshav Sultania
    Batch of 2019-2022
  • Kareena Tated
    Batch of 2019-2022
  • Dharini Shah
    Batch of 2019-2022
  • Atharva Padwal
    Batch of 2019-2022
  • Aryan Tripathi
    Batch of 2019-2022
  • Devika Jyotish
    Batch of 2019-2022

Program Director

The mission is to provide premier and comprehensive education in the field of Actuarial Science and Quantitative modelling extensively used in the BFSI industry and to bridge the gap between Education and Careers.

Akash Rughani

Program Director

The courses have been developed to sync education with industry realities, compliment professional qualifications and designed to impart knowledge coupled with holistic development.

YOUR INFORMATION

Get in touch for admission enquiry

Fill in your details below to receive a program details for IAQS BSc program

YOUR INFORMATION

Get in touch for admission enquiry

Fill in your details below to receive a program details for IAQS BSc program

    Admission Enquiry

    FAQ

    Want to know more?

    01 Eligibility criteria for B.Sc. (Actuarial Science and Quantitative Finance)

    Eligibility

    • Students with keen interests in Mathematics, Statistics, Finance, Investment, Risk, and Data Analysis
    • Cleared HSC or any other equivalent examinations (Science/ Commerce/ Arts)
    • Have successfully cleared QAT/ACET/any Actuarial Paper and interview

    Objective

    To master the necessary skills, gain a comprehensive foundation and ensuring depth in the field of Banking, Financial Services and Insurance (BFSI) industry.

    Outcome

    You will graduate with a University of Mumbai Bachelor’s degree and fully competent for job roles in the following fields:

    • Actuarial
    • Investment Banking
    • Risk Management
    • Data Science
    • Financial Analysis
    • Economics

    02 Programming Software’s Covered




    03 How does the B.Sc. - Actuarial Science and Quantitative Finance compare with the other graduation or diploma programs?

    • Focus on industry integrated learning, by having >60% of industry practitioners as our teaching faculty.
    • Students get a chance to interact with CEOs, Senior Management and Industry experts exposing them industry realties.
    • Hands on experience with new-age business analytical tools such as Python, Bloomberg Terminal, R, Advance Excel, etc.
    • Solid foundation to pursue post-graduation in fields like Financial Engineering, Economics, Statistics, Big Data Analytics, Actuarial Management, etc.
    • India’s only Bachelor’s degree program to be accredited by Institute and Faculty of Actuaries (IFoA, UK) for exemptions for up to 6 Actuarial Papers.

    04 What career opportunities does the B.Sc. - Actuarial Science and Quantitative Finance program open up to?

    This one of a kind degree aims at providing students various career opportunities like:

    • Investment Banking
    • Data Science
    • Actuarial Science
    • Risk Modelling
    • Equity Research
    • Asset – Liability Management
    • Financial Analysis

    05 About QAT

    Online entrance exam covering the following subjects:

    • Maths + Stats (70% weightage)
    • English (30% weightage)

    Visit our website for the topic covered in the aforesaid subjects.

    • Test is mandatory unless you have cleared ACET or any actuarial paper
    • 100 marks test of 2 hours consisting of 70 multiple – choice questions
    • Incorrect answers will return in 25% negative marking

    06 Which all professional exams can one opt for over the period of this course?

    Actuarial Science (IFoA, IAI) Quantitative Finance
    End of Year 1 CS 1, CB 1
    End of Year 2 CM 2, CB 2
    End of Year 3 CS 2*, CM 1*, CP 2 CFA Level 1 & 2, FRM
    *if opted for Actuarial elective

    07 Industry Academia Partnership



    Industry-Academia Partnerships

    Industry-Academia partnership provide students a much needed exposure to the corporate world which will enable them to learn by way of practical experience. We partner with companies for:

    Learning from industry expert | Real life case studies and Projects | Job Placement

    Advisory Board

    Backed By The Best

    D. Sivanandhan

    IPS Officer (Retd.),
    Board of Director on various companies
    Ex – member: Central Security Cell (RBI)

    Thomas Mathew T

    Board of Director (L&T group co.)
    Former Chairman-in-charge and MD (LIC of India)

    Nilesh Shah

    Managing Director (Kotak Mahindra AMC ltd.)
    Chairman (Association of Mutual Funds of India)
    Member (Prime minister’s economic advisory council)

    JV Prasad

    FIAI, Director
    (Willis Towers Watson)
    Ex – Appointed Actuary
    (ICICI Lombard GIC)

    Sauvik Banerjjee

    CTO (Tata Digital)
    MIT Starter hub mentor
    TEDx Speaker

    Pratibha Jain

    Founder and Managing Director (Eduabroad Consultant)
    Education counsellor (University of Mumbai’s affiliated colleges)

    Rajesh Khairajani

    Partner
    (KNAV International and Inde Global Advisory)

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