India's Only Degree Program to be accredited by IFoA for Exemptions
ABOUT THIS COURSE
1
Actuaries ranked top with highest salaries (Source : Glassdoor’s Findings)
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Actuaries only in India, needed atleast 2000 in next few years (Source : IRDA Chief)
1%
Portion covered of CFA L1 and FRM L1 in Quantitative Finance
1%
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
Key highlights of the program
On completion of this course, you’ll walk away with:
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Compliments on professional courses
Actuarial Science, CFA, FRM, CAIA, via formal education system.
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Faculty.
Industry Experts and academicians.
40+ Years of Cumulative Experience.
3
Practical learning.
Capstone projects, Job-oriented training, Industry connect.
4
Placement cell.
Guidance for future career.
Resume building.
100% Job Placement Assistance.
5
Global reach.
International tie-ups and internship opportunities.
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.
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
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.
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.
What our students think
Ujjwal GoyalBatch of 2019-2022
Krunal ModiBatch of 2019-2022
Keshav SultaniaBatch of 2019-2022
Kareena TatedBatch of 2019-2022
Dharini ShahBatch of 2019-2022
Atharva PadwalBatch of 2019-2022
Aryan TripathiBatch of 2019-2022
Devika JyotishBatch of 2019-2022
Vedika Mudra
Lorem Ipsum is simply dummy text of the printing and typesetting industry.
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
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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)
Tanveer Quraishi
Senior VP & Head of Advisory, Marsh McLennan Global Services India Pvt Ltd (MMGS)
Institute of Actuarial and Quantitative Studies – IAQS in association with S. S. & L. S. Patkar College of Arts & Science, and V. P. Varde College of Commerce & Economics, an affiliated college of the University of Mumbai. Students are admitted by the University of Mumbai’s Patkar-Varde College for Bachelors and Masters Programmes (Actuarial Science and Quantitative Finance).
