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M.Sc. Statistics Actuarial: Course, Career, Salary, Duration, Scope

M.Sc. Statistics (Actuarial) or Master of Science in Statistics (Actuarial) (is a postgraduate Actuarial Science course)

The degree course of actuarial science is a very vital course that deals with the knowledge of two fields, mathematics and statistics. This knowledge is then used in the field of insurance in order to develop great schemes and which should also give profit to the company.

The degree course is of two years duration and touches upon at the relevant topics. It is career-building in nature as it provides many job opportunities after its successful completion.

Master of Science in Statistics (Actuarial)

Duration:2 Years
Level:Post Graduation
Type:Degree
Eligibility:Graduation

M.Sc. Statistics (Actuarial) Eligibility

Latest Applications For Various UG & PG Courses Open 2020:

    1. Bennett University (Times Group), Admission Open for 2020. Apply Now
    2. Manav Rachna University, Haryana – 2020 UG & PG Admission Open. Apply Now
    3. LPU, Punjab Admissions 2020 Open | Secure Your Admission Online‎. Apply Now
    4. Chandigarh University, Punjab 2020 Admission Open for all Courses. Apply Now
    5. Sharda University, Admission Open 2020, Few Days left. Apply Now
    6. MIT World Peace University, Admissions Open for All Courses 2019-20. Apply Now
    7. St. Andrew’s Institute of Technology and Management, Admission open 2020. Apply Now
    8. GD Goenka, Admission Open for UG & PG Courses. Apply Now
    9. Shiv Nadar University, Greater Noida Open for All Courses. Apply Now

Students having a B.Sc. in Statistics/Mathematics with statistics by any recognized university with 50% of aggregate can opt for this degree course.

Some of the universities may even demand the students to clear the entrance exam set by the university. Admission is then given to the students based on the merit they get.

M.Sc. Statistics (Actuarial) Syllabus

Syllabus of Statistics (Actuarial) as per various Universities and Colleges is:

Sem. I 
Sr. No.Subjects of Study
1Financial Mathematics
2Distribution Theory
3Economics
4Finance & financial reporting
5Demography
6Practical I: Introduction to Statistical software
Sem. II 
1Regression theory
2Stochastic processes
3Statistical Inference
4Life Contingencies
5Practical II
Sem. III
1Stochastic processes II
2Time Series
3Finance & Investment
4Communication Skills
5Life Contingencies II
6Elective I
Sem. IV 
1Stochastic Models in Finance
2Survival Analysis
3Elective II
4Elective II
5Projects (Preferably in Insurance companies)
Elective Courses
1General Insurance
2Pension & other Employee Benefits
3Health & Care Insurance
4Financial Econometrics

M.Sc. Statistics (Actuarial) Colleges

  • Savitri Bai Phule Pune University, Pune
  • Central University of Rajasthan, Ajmer

M.Sc. Statistics (Actuarial) Course Suitability

  • Students are required to have good mathematical, analytical and numeracy skills as they are the main skills required for the degree course.
  • It is very important for students to have good communication skills as students will need to interact with people very often.
  • Students should be very determinant to take up this degree course. Those who are motivated and interested in this field can have a great future.
  • Students who wish to become teachers in their nearer future can take up this degree course.

M.Sc. Statistics (Actuarial) Course

  • Students can join various firms as consultants that advise people where to invest their money so that they can be insured property. They should have all the knowledge of schemes that are presented in the insurance market.
  • Students can also choose to work n banks as the topics of banking and this field coincides.
  • Students have a scope to join any private and government universities as a teacher and can build a great career.

M.Sc. Statistics (Actuarial) Employment Areas

  • Colleges & Universities
  • Banking Sector
  • Stock Markets
  • Financial Dept. (industry)
  • Insurance Companies

M.Sc. Statistics (Actuarial) Job Types

Latest Applications For Various UG & PG Courses Open 2020:

    1. Bennett University (Times Group), Admission Open for 2020. Apply Now
    2. Manav Rachna University, Haryana – 2020 UG & PG Admission Open. Apply Now
    3. LPU, Punjab Admissions 2020 Open | Secure Your Admission Online‎. Apply Now
    4. Chandigarh University, Punjab 2020 Admission Open for all Courses. Apply Now
    5. Sharda University, Admission Open 2020, Few Days left. Apply Now
    6. MIT World Peace University, Admissions Open for All Courses 2019-20. Apply Now
    7. St. Andrew’s Institute of Technology and Management, Admission open 2020. Apply Now
    8. GD Goenka, Admission Open for UG & PG Courses. Apply Now
    9. Shiv Nadar University, Greater Noida Open for All Courses. Apply Now
  • Insurance Agent
  • Surveyor
  • Business Analyst
  • Pensions Analyst/Assistant
  • Economic Analyst
  • Pricing Analyst
  • Investment Analyst
  • Information Analyst
  • Data Analyst
  • New Business Administrator
  • Resourcing Administrator
  • Mortgage Advisor
  • Assistant Manager
  • Contracts Coordinator
  • Benefits Assistant

For any other queries about M.Sc. Statistics (Actuarial), you can leave your queries below in the comment box.

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