M.B.A. Actuarial Science: Career, Salary, Duration, Scope


Latest Applications Open 2021:

     

M.B.A. Actuarial Science or Master of Business Administration in Actuarial Science is a postgraduate Actuarial Science course. It is about the application of mathematical and statistical methods to assess risk in the insurance and finance.

The students of M.B.A. (Actuarial Science) are trained in assessing the financial impact of tomorrow’s uncertain events. They have decision-making ability by analyzing the past, modeling the future, assessing risks involved, and communicating what the results mean in financial terms.

The duration of the course is two years, and its syllabus is divided into six parts.

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

M.B.A. Actuarial Science Eligibility

  • The basic eligibility for M.B.A. (Actuarial Science) is Graduation in Mathematical Sciences/Computer Sc./Engineering/Physics/Commerce (Min. 55% in Mathematical Subject/Qualified member of ICAI/ICAWI/Enrolled Graduate member of IAI/min 85% in Mathematics at 10+2 )
  • Graduate student member of Institute of Actuaries of India.
  • Some reputed colleges and institutes conduct an entrance test for admission.

M.B.A. Actuarial Science Syllabus

Latest Applications For Various UG & PG Courses Open 2021:

    1. Lovely Professional University, Punjab | Admissions Open for All Courses 2021. Apply Now
    2. UPES, Dehradun | Admissions Open for All Courses 2021. Apply Now
    3. Chandigarh University, Punjab | Admissions Open for All Courses 2021. Apply Now
    4. GD Goenka, Gurgaon | Admission Open for All Courses 2021. Apply Now
    5. DIT University, Dehradun | Admission Open for All Courses 2021. Apply Now
    6. Sharda University | Admission Open all courses 2021. Apply Now
    7. Manav Rachna University, Haryana | Admission Open for all courses 2021. Apply Now

Syllabus of Actuarial Science by various Universities and Colleges is:

Part I
Subjects of Study
Microeconomics
Financial Analysis & Management
Financial Mathematics
Mathematics of Compound Interest
Individual Dynamics and Leadership
Probability Distributions
Part II
Business Communication (Oral)
Macroeconomics
Economics for Actuaries
Corporate Reporting
Group and Organization Dynamics
Statistical Methods
Part III
Research Methodology
Business Communication(Written)
Actuarial Mathematics I Financial valuation and contingencies
Stochastic Models
Survival Models
Corporate Finance I
Financial Economics I Variations, Portfolio Theory (EMH)
Information Systems for Management
Part IV
Financial Economics II (Investment analysis and portfolio management)
Actuarial Mathematics II (Financial valuation and contingencies)
Essentials of Human Resources Management
Marketing Management
Actuarial Statistics I
Part V
General Principals of Law & Insurance
Econometrics
Asset & Liability Management
Actuarial Application & Risk management
Pensions Management
Marketing of financial services
Actuarial Statistics II
Part VI
Insurance Underwriting
Business Ethics
Leadership Skills Based on Emotional Intelligence

M.B.A. Actuarial Science Colleges

  • Narsee Monjee Institute of Management Studies – NMIMS University, Mumbai
  • Aligarh Muslim University – AMU, Aligarh
  • Amity School of Insurance and Actuarial Science, Noida

M.B.A. Actuarial Science Course Suitability

  • Suitable for any business managing long-term financial projects both in the public and private sectors.
  • Suitability gives work opportunity in many sectors including finance, investment, risk management, insurance, and pensions, working under the aegis of well established professional bodies. The roles in every sector are different, in line with the growing importance of actuaries as key arbiters of risk in business and financial processes.
  • They should possess skills like good communication skills, ability to use computers and related technology, business sense, a practical outlook, a curious bent of mind, the ability to work on one’s own and also be a team player and to be self-motivated.

M.B.A. Actuarial Science Course Scope

  • It is one of the best fields for Actuarial Science students. Actuarial science includes the study and application of mathematical and statistical methods for risk management in the banking and finance sector.
  • Students have many opportunities after completing the course such as they can go for administrative positions where they have to explain technical matters to executives, government officials, shareholders, policyholders.
  • Higher degree programs can be one of the options after completion of the course.

M.B.A. Actuarial Science Employment Areas

  • Government
  • labor Union
  • Life Insurance
  • Re-insurance Company
  • Industrial Corporation
  • General Insurance
  • Health Insurance
  • Pension Fund
  • Consultancy
  • Investment
  • Academic
  • Risk Management

M.B.A. Actuarial Science Job Types

Latest Applications For Various UG & PG Courses Open 2021:

    1. Lovely Professional University, Punjab | Admissions Open for All Courses 2021. Apply Now
    2. UPES, Dehradun | Admissions Open for All Courses 2021. Apply Now
    3. Chandigarh University, Punjab | Admissions Open for All Courses 2021. Apply Now
    4. GD Goenka, Gurgaon | Admission Open for All Courses 2021. Apply Now
    5. DIT University, Dehradun | Admission Open for All Courses 2021. Apply Now
    6. Sharda University | Admission Open all courses 2021. Apply Now
    7. Manav Rachna University, Haryana | Admission Open for all courses 2021. Apply Now
  • Actuarial Analytics Technician
  • Risk Analytic
  • Actuarial Modeller
  • Quantitative Analyst
  • Actuarial Consultant
  • Business Analyst
  • Actuarial Group Manager

For any other queries about M.B.A. Actuarial Science, you can leave your queries below in the comment box.

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