B.Sc. Actuarial and Financial Mathematics: Course, Career, Salary, Duration, Scope

B.Sc. Actuarial and Financial Mathematics or Bachelor of Science in Actuarial and Financial Mathematics is an undergraduate Actuarial Science course. Actuarial and financial mathematics gives career opportunities in the business market and at investment institutions like banks and insurance companies.

This program builds the student’s career for professional careers as actuaries or financial engineers. Activities included in this course are long-term capital projects, designing the benefits of medical schemes, the management of pension funds, the determination of contributions and financial management on a sound long-term basis, the evaluation of investments in shares, property and other transactions, and the determination of the premiums and reserves for outstanding claims of insurers.

The degree course also includes money markets, financial instruments, financial planning, banking, and corporate financial management; essential working knowledge for executives in the financial industry.

Bachelor of Science in Actuarial and Financial Mathematics

Duration: 3 Years
Level: Graduation
Type: Degree
Eligibility: 10+2

B.Sc. Actuarial and Financial Mathematics Eligibility  

  • Students who have passed 12th Standard/HSC/10+2 (or equivalent Level of Examination) from any recognized Board.

B.Sc. Actuarial and Financial Mathematics Syllabus

Syllabus of Actuarial and Financial Mathematics by various Universities and Colleges is:

Sem. I
Sr. No. Subjects of Study
1 Calculus I
2 Computer Fundamentals
3 Professional Communication
4 Management Process
Sem. II
1 Calculus II
2 Introduction to Actuarial Mathematics
3 Fundamentals of Accounting
4 Environmental Studies
5 Excel for Business
Sem. III
1 Vector Calculus
2 Linear Algebra
3 Mathematics and Art
4 Introduction to Concepts of Peace and Conflict
5 Principles of Economics
Sem. IV
1 Probability Theory
2 Differential Equations
3 Real Analysis
4 Financial Management
5 Programming Concepts
Sem. V
1 Statistics
2 Optimization
3 Introduction to Numerical Methods
4 Abstract Algebra
Sem. VI
1 Models
2 Insurance
3 Financial Derivatives

B.Sc. Actuarial and Financial Mathematics College

  • Islamic University of Science and Technology, Pulwama

B.Sc. Actuarial and Financial Mathematics Course Suitability

  • Students should possess mathematical skills, communication skills, and time management skills. Skills like Statistics and financial methods to assess future financial uncertainties are also important.
  • They should have skills as an actuary works in writing reports, summarising findings and presenting them to senior management are key tasks.

B.Sc. Actuarial and Financial Mathematics Course scope

  • The program develops the student’s skills to design and analyze financial products.
  • Career opportunities are posted as an actuary, combining financial and actuarial mathematics with statistical techniques and business topics.
  • It makes its graduate students be professionals who use mathematical models to analyze and solve financial problems under uncertainty.

B.Sc. Actuarial and Financial Mathematics Employment Sectors

  • Colleges & Universities
  • Banks and Insurance
  • Stock Markets
  • Company Administration Jobs

B.Sc. Actuarial and Financial Mathematics Job Types

  • Risk Manager
  • Investment Analyst
  • Credit Manager
  • Investment Banker
  • Financial Analyst
  • Treasurer
  • Fund Manager
  • Credit Analyst
  • Financial Planner
  • Investment Broker
  • Financial Trader

For any other queries about B.Sc. Actuarial and Financial Mathematics, you can leave your queries below in the comment box.

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  1. Imad says:

    What is the highest amount of salary you can get with bsc AFM

  2. Sahil says:

    Salary ka hai

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