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.
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
On completion of this course, you’ll walk away with:
Compliments on professional courses
Faculty.
Practical learning.
Placement cell.
Global reach.
Job ready.
Learn to optimise the IT value chain in your organisation as you work through the weekly modules of this online short course.
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
Choose your elective for Specialization
Semester 5
Professional Ethics / Actuarial Practice Standards
Business Communication
Model Documentation, Analysis & Reporting
Elective A:
Elective B:
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:
Elective B:
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).
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.
On completion of this course, you’ll walk away with:
Compliments on professional courses
Faculty.
Practical learning.
Placement cell.
Global reach.
Job ready.
Learn to optimise the IT value chain in your organisation as you work through the weekly modules of this online short course.
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).
The program is based on three prominent fields:
Note: *QAT get exempted in case the candidate has passed ACET/ any actuarial paper.
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.
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.
Fill in your details below to receive a program details for IAQS BSc program
Fill in your details below to receive a program details for IAQS BSc program
To master the necessary skills, gain a comprehensive foundation and ensuring depth in the field of Banking, Financial Services and Insurance (BFSI) industry.
You will graduate with a University of Mumbai Bachelor’s degree and fully competent for job roles in the following fields:
This one of a kind degree aims at providing students various career opportunities like:
Visit our website for the topic covered in the aforesaid subjects.
| 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 | ||
Learning from industry expert | Real life case studies and Projects | Job Placement
IPS Officer (Retd.),
Board of Director on various companies
Ex – member: Central Security Cell (RBI)
Board of Director (L&T group co.)
Former Chairman-in-charge and MD (LIC of India)
Managing Director (Kotak Mahindra AMC ltd.)
Chairman (Association of Mutual Funds of India)
Member (Prime minister’s economic advisory council)
FIAI, Director
(Willis Towers Watson)
Ex – Appointed Actuary
(ICICI Lombard GIC)
CTO (Tata Digital)
MIT Starter hub mentor
TEDx Speaker
Founder and Managing Director (Eduabroad Consultant)
Education counsellor (University of Mumbai’s affiliated colleges)
Partner
(KNAV International and Inde Global Advisory)
Head - Analytics, Marsh McLenaan Global Services India Private Limited (MMGS)
