What is Actuarial Science?: Fees 2025, Subjects, Top Colleges, Admissions

Vidhi JainContent Writer
Actuarial Science is all about using mathematical and statistical tools to assess and manage potential risks, primarily in the insurance and finance sectors. Actuarial Science courses provide the students with a detailed understanding of how to evaluate risks in different fields and utilize that knowledge to assist firms in making investment and risk management decisions.
Links relevant to the Actuarial Science Course:
Financial Institutions: Types, Roles, and Advantages
Actuarial Science Colleges in India: Know Eligibility, Admission Process & more
Actuarial Science Course Details: Highlights
Actuarial Science is a specialized subject that usesmathematical and statistical tools to assess and manage financial risks in a variety of businesses, particularly Insurance and Finance. Actuaries utilize their knowledge to assist firms in making sound decisions about investments, pricing, and risk management.
Students interested in Actuarial Science courses should take a look at the table below highlighting some key points of Actuarial Science programs:
Parameters | Course Details |
---|---|
Actuarial Science Course Levels | UG, PG, Certification, Diploma, Doctorate |
Actuarial Science Course Duration | UG: 3-4 Years PG: 2 years Diploma/Certification: 6 Months - 1 Year Doctorate: 3 years - 5 years |
Actuarial Science Admission Process | Merit/Entrance-Based |
Actuarial Science Eligibility Criteria | UG: Class 12 with Mathematics subject from a recognized board PG: A bachelor's degree in BSc or BCom in any relevant discipline such as Mathematics, Statistics, Finance, etc. Diploma/Certification: Class 10 or 12 with Mathematics subject from a recognized board Doctorate: A master's degree in MSc, MBA, MCom, or other relevant discipline |
Actuarial Science Entrance Exams | MAT, CAT, XAT, CMAT, ATMA, etc. |
Actuarial Science Top Colleges | Amity University (Noida), Christ University, University of Mumbai, IIRM Hyderabad, Kerala University, etc. |
Actuarial Science Course Fees | INR 20,000 to INR 5 Lakh |
Actuarial Science Job Profiles | Actuarial Analyst, Actuarial Manager, Actuarial Pricing Executive, Actuarial Consultant, Actuarial Specialist, Actuarial Associate, and more. |
Actuarial Science Top Recruiters | Max Life Insurance, HDFC Ergo, LIC, SBI Life, Bajaj Allianz, etc. |
Actuarial Science Average Salary | INR 6 LPA - 8 LPA |
Note: The information is taken from various external sources and may vary.
Actuarial Science Course Relevant Information:
Top 8 Courses After B.com: Best Career Options after B.com
An Introduction to Private Sector Banks
Actuarial Science courses are considered one of the toughest courses in India and exams for actuarial positions can be more difficult than those for chartered accountants (CAs) because candidates must have a strong foundation in Statistics, Analysis, and Mathematics.
- Actuarial Science Eligibility Criteria & Admission Process 2025
- Popular Actuarial Science Entrance Exams 2025
- Types of Actuarial Science Courses
- Actuarial Science Course Syllabus
- Best Actuarial Science Colleges in India
- Popular Private Actuarial Science Colleges in India
- Actuarial Science Career Scope: Job Profiles, Salary, and Top Recruiters
- Actuarial Science Course FAQs
- Popular Actuarial Science UG Courses
- Popular Actuarial Science PG Courses
Actuarial Science Eligibility Criteria & Admission Process 2025
Candidates must fulfil the prescribed eligibility criteria for Actuarial Science course admission which are offered across top colleges and at various levels such as UG, PG, and diploma. Candidates should be aware that eligibility requirements differ from institute to institute. Individuals must visit the official website of the college/university to which they wish to apply. The admission is based on both merit and entrance exam scores. The eligibility criteria are given below:
Course Levels | Eligibility Criteria |
---|---|
Undergraduate |
|
Postgraduate |
|
Diploma/Certification | Class 10 or 12 from a recognized board with Mathematics subject and a minimum score of 50%. |
Doctorate | A master's degree in MSc, MBA, MCom, or other relevant discipline with at least 55 to 60 percent marks. |
Note: The information is taken from various external sources and may vary.
Actuarial Science Admission Process 2025
Actuarial Science course admission processes are based on merit and entrance exams depending on the course level and type. They can also vary depending on the college or university. However, the steps given below may help candidates get an overview of the Actuarial Science admission process in India:
Steps | Parameters | Details |
---|---|---|
Step 1 | Check Eligibility | Check the eligibility criteria for the desired college and make sure one meets the same. |
Step 2 | Application Forms | Fill out the exam/college application forms before the last date. |
Step 3 | Entrance Exams |
Prepare for relevant entrance exams. Several private colleges also give admission to students based on Class 12 board exam scores. |
Step 4 | College Counselling | Attend college counseling sessions meant for seat allotment based on entrance exam results. |
Step 5 | Final Admission | Get hold of the final seat by paying the course fees and getting documents verified. |
Note: Be sure to crosscheck the admission process as it may vary for each college.
Suggested Links for Actuarial Science:
Scholarships for Commerce Students
How to Become a Certified Financial Risk Manager
Actuarial Science courses are offered at various levels, hence, the eligibility criteria also differ depending on the course level. For UG courses, a candidate must pass Class 12 with Mathematics subject with a minimum of 50% aggregate score. For PG course, the candidate must obtain a bachelor's degree in a relevant discipline, and for Doctorate, the candidate must obtain a master's degree in a relevant discipline.
Actuarial Science courses are primarily based on Mathematical techniques and coming from a non-math background will not help you meet the requirements for becoming an Actuary. That's why, Mathematics is a mandatory subject for Actuarial Science courses admission.
Hi, Actuarial Science courses are offered at many levels and in different disciplines. Most programs' admissions are based on the merit system, however, some MBA programs in Actuarial Science specialisation require entrance exam scores such as CAT, MAT, XAT, CMAT, ATMA, etc.
If you want to opt for a certification, BSc, BCom, etc., course, you'll probably get admission on the merit system.
Popular Actuarial Science Entrance Exams 2025
Candidates interested in Actuarial Science courses are advised to check the official websites of their desired colleges and appear in the entrance exams they accept. In the table given below, students can find some popular Actuarial Science entrance exams in India:
Entrance Exams |
Exam Dates |
Exam Schedule |
---|---|---|
NMAT 2025 |
5 Nov'25 - 19 Dec'25 | |
SNAP 2025 |
December'25 (Tentative) |
|
XAT 2026 |
04 Jan'26 | |
MAT 2025 |
21 Sep'25 & 28 Sep'25 | |
CAT 2025 |
30 Nov'25 |
Note- The information is sourced from the official/counselling body of the institute/exam.
Useful Links for Actuarial Science Entrance Exams:
All About CAT, MAT, XAT, CMAT: Full Form, Eligibility, Dates, Exam Fees, Syllabus
Institute of Actuaries of India: Membership
Some organisations in India only hire members of the Institute of Actuaries of India. Membership is offered via two different routes as mentioned below:
Route 1: Actuarial Common Entrance Test
Route 2: Non-ACET
Membership Route: Actuarial Common Entrance Test (ACET)
Candidates qualifying for the ACET get student membership of the Institute of Actuaries of India. Different memberships of IAI are as follows:
- Student members
- Associate members
- Fellow members
- Affiliate members
Membership Route: Non-ACET
Some institutes have enhanced the conditions for IAI student membership. Candidates with the following qualifications are exempted from taking ACET and are entitled to student membership of IAI:
- Fully qualified members of the ICAI, ICMAI and ICSI.
- Candidates having a minimum of 60 per cent in MBA in Finance degree.
- BSc or MSc in Actuarial Science from recognized colleges.
- Bachelor of Engineering graduates with a minimum of 60%.
- IIT or IIM graduates.
- Fellow members of the Insurance Institute of India.
- Passed two exams from other actuarial bodies.
- Candidates who have qualified 1st year of B.Sc. or M.Sc. degree majoring in Actuarial Science.
- Graduation and Post-Graduation diploma holders majoring in Actuarial Science.
- Graduation and Post-Graduation diploma holders majoring in Actuarial Statistics.
- Candidates who have completed B.Com in Actuarial Management.
- Candidates who have completed a Bachelor of Statistics (Honours), Master of Mathematics, a Bachelor of Mathematics (Honours), a Master of Statistics, a Master of Science in Quantitative Economics, or a Master of Science in Quality Management Science.
Note: This information is taken from external sources and may vary.
29 Apr ' 25 - 29 Oct ' 25 | CFA 2026 Registration (Feb Level 1&3) |
12 Aug ' 25 - 12 Feb ' 26 | CFA 2026 Registrations (Level 1&2 May) |
12 Jul ' 25 | URAT PG 2025 Second Merit List |
11 Jul ' 25 - 18 Jul ' 25 | URAT PG 2025 Merit Based Application |
To Be Notified: | AMU Entrance Exam 2026 Online Registrations for B... TENTATIVE |
To Be Notified: | AMU Entrance Exam 2026 Online Registrations for B... TENTATIVE |
Jul '25 | LUACMAT Counselling TENTATIVE |
Jul '25 | LUACMAT Result Declaration TENTATIVE |
The time required to prepare for the entrance exams for admission to Actuarial Science courses varies on the basis of the course level and specific exam you're planning to sit for. Generally, it is better to start your preparation at least 6 to 8 months before the final exam is tentatively scheduled to take place so that you have a good amount of time to cover the entrance syllabus, have a look at previous year question papers, take up mock tests, and plan a thorough revision in the last month.
You can find some basic tips for clearing the Actuarial Science admission tests smoothly given here –
- Have a look at the entire exam syllabus in detail and note down all the important topics to be covered in a separate notepad/notebook.
- Make a weekly timetable where you assign at least 2-3 topics to be covered each day to keep pace and avoid any possibility of burnout midway.
- Have a look at previous year question papers, take up mock tests, and then plan for your further prep journey accordingly.
- Take help from friends, seniors or professors to understand topics that may appear challenging or difficult to understand.
- Plan a revision schedule in the last month to brush up on the important, high weightage topics to increase your chances of getting shortlisted for admission at top colleges for BSc/BCom/MSc/MBA in Actuarial Science.
You can surely get admission to the BSc Actuarial Science course without giving any entrance exam. There are a decent number of colleges that give admission to the course on the basis of Class 12 merit and may take extra rounds like the GD/PI to assess your abilities.
A few colleges include Mumbai University, Bishop Heber College, North Maharashtra University, and Maharishi University of Information Technology (Noida). It is better to always go to the college websites to confirm their admission requirements that are revised every year.
Types of Actuarial Science Courses
Actuarial Science courses in India are available at various course levels and types. Actuarial Science courses are available in BSc, BCom, MSc, MBA, etc., disciplines. Admission to these programs is based on both merit and the entrance exam system. The duration of UG-level courses is generally 3 to 4 years, while PG courses are 2 years long. Students can check the table given below for a list of top Actuarial Science courses after 12th, along with the best colleges and Actuarial Science course fees:
Actuarial Science Courses |
Top Colleges |
Course Fees |
---|---|---|
BSc in Actuarial Science |
INR 3.9 lakh |
|
|
INR 42,000 |
|
|
INR 3.36 lakh |
|
|
INR 1.33 lakh |
|
|
INR 1.8 lakh – 2.4 lakh |
|
B.Com. in Insurance and Actuarial Studies |
INR 1.2 lakh |
|
MSc in Actuarial Science |
INR 3,360 |
|
|
INR 36,000 |
|
|
INR 60,000 |
|
|
INR 4.84 lakh |
|
|
B.S Abdur Rahman Crescent Institute of Science and Technology, Chennai |
INR 1 lakh |
MBA in Insurance and Risk Management (Actuarial Science) |
INR 1.4 lakh |
|
Post Graduate Diploma in Actuarial Science (PGDAS) |
INR 23,100 |
|
|
NA |
|
|
NA |
Note: This information is sourced from the official website and may vary.
Actuarial science is a highly respected field that deals with assessing and managing risk. For individuals with an interest in business, statistics, or mathematics, this course is thought to be beneficial. Professionals in actuarial Science are in great demand, and there is expectation that the field will continue to expand in the years to come. Although they can be found in other sectors like consulting and government, actuaries are primarily employed in the insurance and financial services industries. Actuaries are well-known for having large earning potential and for being well-positioned in their organizations as leaders.
As an Actuarial Science student, the programs will teach you how to analyze data, rectify errors, and make strategic decisions. You'll gain analytical, communicative, technical, problem-solving, and financial skills.
These skills are essential to perform well in the industry where Actuaries have to work in a dynamic environment, on different projects at the same time, and have deadlines.
Actuarial Science Course Syllabus
Actuarial Science syllabus and subjects can vary depending on the college’s curriculum and course. However, the core subjects are still the same. Thus, students can gain a basic understanding of subjects offered in Actuarial Science courses through the tables given below.
BSc in Actuarial Science Syllabus
The BSc in Actuarial Science course is a three-year program spread across 6 semesters where students learn about insurance and financial risks and economics and mathematics for effective decision-making in investment and financial planning. The table given below lists a few general subjects taught in BSc in Actuarial Science classes:
BSc in Actuarial Science Subjects- Semester 1 |
|
---|---|
Calculus - I |
Linear Algebra - I |
Descriptive Statistics - I |
Principles of Microeconomics |
BSc in Actuarial Science Subjects- Semester 2 |
|
Calculus - II |
Probability Distributions - I |
Descriptive Statistics - II |
Principles and Practices in Insurance |
BSc in Actuarial Science Subjects- Semester 3 |
|
Calculus - III |
Financial Mathematics - I |
Probability Theory |
Financial Accounting |
BSc in Actuarial Science Subjects- Semester 4 |
|
Introduction to Mathematical Statistics |
Sampling Theory of Surveys |
Financial Mathematics |
Programming in C++ and Numerical Methods |
BSc in Actuarial Science Subjects- Semester 5 |
|
Survival Models |
Finance and Financial Reporting |
Mathematical Statistics |
Mathematics of Demography |
BSc in Actuarial Science Subjects- Semester 6 |
|
Stochastic Modeling |
Credibility Theory & Loss Distribution |
Financial Economics |
Project Work |
Note: This information is taken from external sources and may vary.
BCom Actuarial Science Syllabus
BCom in Actuarial Science is a 3-year program at the UG level with rigorous coursework covering core subjects, electives, and industrial projects. Students can check the table given below for the basic subjects taught in BCom Actuarial Science classes:
BCom Actuarial Science Syllabus Year I |
|
---|---|
English |
Mathematics for Business |
Financial Accounting |
Principles of Insurance |
BCom Actuarial Science Syllabus Year II |
|
Business Economics |
Principles of Life Insurance |
Corporate Accounting |
Statistics for Business |
Principles of Marketing |
- |
BCom Actuarial Science Syllabus Year III |
|
Asset Liability Management |
Cost & Management Accounting |
Executive Communication |
Life Office Management |
Principles of Reinsurance |
- |
Note: The information is sourced from multiple sources on the web. Hence, is subject to vary.
MSc in Actuarial Science Syllabus
The MSc in Actuarial Science course is a 2-year program at the postgraduate level. The syllabus for the course would differ from one college to another, but some core subjects remain the same. The table given below lists a few general subjects for the MSc in Actuarial Science course syllabus:
MSc in Actuarial Science Subjects- Semester 1 |
|
---|---|
Financial Mathematics |
Economics |
Finance and Financial Reporting |
Introduction to Statistical Software |
MSc in Actuarial Science Subjects- Semester 2 |
|
Regression Theory |
Stochastic Processes - I |
Statistical Inference |
Life Contingencies |
MSc in Actuarial Science Subjects- Semester 3 |
|
Finance and Investment |
Time Series |
General Insurance |
Stochastic Processes - II |
MSc in Actuarial Science Subjects- Semester 4 |
|
Stochastic Modeling Finance |
Survival Analysis |
Pension & Other Employee Benefits |
Health & Care Insurance |
Note: This information is taken from external sources and may vary.
MBA in Actuarial Science Syllabus
MBA in Actuarial Science is a 2-year PG-level program that blends the principles of business management with the technical expertise of actuarial and financial risk management with the help of mathematical and statistical tools. The syllabus for the course would vary from college to college but some general core subjects taught in the classroom are given here:
MBA in Actuarial Science Subjects- Semester 1 |
|
---|---|
Accounting for Management |
Economic Analysis for Business |
Actuarial Probability and Statistics |
Actuarial Financial Mathematics |
Financial Engineering and Loss Reserving |
Principles of Banking & Insurance |
MBA in Actuarial Science Subjects- Semester 2 |
|
Applied Operation Research |
Financial Management |
Actuarial Financial Reporting |
Survival Model Analysis |
Risk Model Analysis |
Data Analysis and Business Modeling Lab |
MBA in Actuarial Science Subjects- Semester 3 |
|
Actuarial Risk Management Practice |
Modelling and Communication Practice |
Elective - I |
Elective - II |
MBA in Actuarial Science Subjects- Semester 4 |
|
Financial Institution and Services |
Security Analysis and Portfolio Management |
Internship |
Final Project Work |
Note: This information is taken from external sources and may vary.
Actuary Course Relevant Information:
Financial Data Entry Courses to Minimize Errors for Accounting Clerks
Actuarial Science courses revolve around 5 major subjects, i.e., English, Mathematics, Statistics, Logic and Data Interpretation. The syllabus is generally divided into 4 stages: Core Technical, Core Application, Specialist Technical, and Specialist Application.
Here are some books recommended for Actuarial Science students:
- Complex Variables and Applications - 4th Edition by RV Churchill & JW Brown.
- Topics in Algebra Anton by H & C. Rorres.
- Linear Algebra by Shama JN & Vashistha.
- Methods of Real Analysis by Goldberg R.
- A First Course in Abstract Algebra by John B Fraleigh.
Best Actuarial Science Colleges in India
More than 20 colleges in India offer Actuarial Science courses at various levels like UG, PG and Diploma. The colleges are well known for their coursework, teaching expertise, practical exposure, industry reputation and placement support. The section below lists a few popular colleges for Actuarial Science courses along with the Actuarial Science course fees.
Best Government Actuarial Science Colleges
There are around 8 government colleges that offer Actuarial Science courses at an affordable cost and are known for their promising course curriculum, learning opportunities, college ranking, and industry reputation. Students can check the table below for a few top government college options for Actuarial Science:
Best Government Colleges |
Course Offered |
Tuition Fee |
---|---|---|
M.Sc. in Actuarial Science |
INR 3,360 |
|
B.Com. in Insurance and Actuarial Studies Bachelor of Insurance and Actuarial Studies |
INR 33,550 – INR 1.2 lakh |
|
M.Sc. in Actuarial Science (Self Supportive) |
INR 60,000 |
|
B.Sc. in Actuarial Science |
INR 1.33 lakh |
|
B.Sc. in Actuarial Science |
INR 3.36 lakh |
|
Post Graduate Diploma in Actuarial Science (PGDAS) |
NA |
|
B.Sc. in Actuarial Science and Quantitative Finance Post Graduate Diploma in Actuarial Science |
NA |
Note: The information is sourced from the official website/counselling body of the institute/exam.
Best Private Actuarial Science Colleges
There are about 10+ private Actuarial Science colleges in India in full-time mode. The tables given below lists a few popular student choices.
Best Private Actuarial Science Colleges: UG Courses
Some of the best private Actuarial Science colleges are given in the table below, along with the course fees to help students make an informed choice, taking into account their interests, college reputation, and ROI:
Best Private Colleges |
Course Offered |
Tuition Fee |
---|---|---|
B.Com. in Insurance and Actuarial Studies |
INR 1.2 lakh |
|
B.Sc. (Hons.) in Statistics and Actuarial Science B.Sc. in Statistics and Actuarial Science |
INR 1.8 lakh – INR 2.4 lakh |
|
B.Sc. in Actuarial Science |
INR 2.39 lakh |
|
Bachelor of Actuarial Science |
INR 3.3 lakh |
|
B.Sc. in Actuarial Science |
INR 3.9 lakh |
Note: The information is sourced from the official website/counselling body of the institute/exam.
Best Private Actuarial Science Colleges: PG Courses
There are some top colleges for PG courses in Actuarial Science, popular for their campus life, learning environment, faculty, industrial exposure and placements. Students can take a look at the table given below for more details:
Best Private Colleges |
Course Offered |
Tuition Fee |
---|---|---|
M.Sc. in Mathematics with Specialization in Actuarial Science |
INR 90,000 |
|
MSc in Actuarial Science |
INR 1 lakh |
|
MBA in Insurance and Risk Management (Actuarial Science) |
INR 1.4 lakh |
|
Maharishi University of Information Technology, Noida |
M.Sc. in Actuarial Science |
INR 1.4 lakh |
Master of Science Actuarial Science |
INR 4.84 lakh |
Note: The information is sourced from the official website/counselling body of the institute/exam.
According to NIRF Ranking 2023, given below are the top Actuarial Science Colleges in India
College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
---|---|---|---|
27 | 40 | 24 | |
25 | 22 | 35 | |
28 | 39 | 50 | |
71 | 45 | 56 | |
NA | 71 | 67 |
Given below are some of the best Actuarial Science Colleges with different fee structure:
Fee Range | College Name |
---|---|
< INR 1 lakh | University of Madras, Kerala University, Bishop Heber College, etc. |
INR 1 - 2 lakh | Crescent College, North Maharashtra University, etc. |
INR 2 - 3 lakh | Maharishi University, etc. |
INR 3 – 5 lakh | Christ University, Amity University, Chanakya University, etc. |
Please refer to the table below for the top Actuarial Science Colleges in India according to their NIRF ranking 2023:
College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
---|---|---|---|
27 | 40 | 24 | |
25 | 22 | 35 | |
28 | 39 | 50 | |
71 | 45 | 56 | |
NA | 71 | 67 |
READ MORE: Amity University Noida Applications Open NOW
Popular Private Actuarial Science Colleges in India
Actuarial Science Career Scope: Job Profiles, Salary, and Top Recruiters
Actuarial Science careers are not limited to Insurance companies only. Though, Actuaries have several career opportunities in Insurance companies. Besides the insurance sector, Actuarial Science is required to become a risk consultant for companies (irrespective of the sector), banks, financial consulting firms, government sector, investment advisories, etc. The average salary after completing an Actuarial Science course is 4.23 LPA. However, candidates can get a much higher salary depending upon the skills acquired while studying for the Actuarial Science degree and the experience in the field.
A career in Actuarial Science promises job security at all times including in times of an economic crisis. Job roles after completing the Actuarial Science course are as follows:
Job Profiles |
Job Description |
Average Salary |
---|---|---|
Actuary | Actuaries are specialists who study data to assess risk and forecast financial outcomes. | INR 9 LPA |
Life Insurance Actuary | Life insurance actuaries are professionals who assess and manage the risks involved with life insurance policies. | INR 7.5 LPA |
Pension Actuary | Pension actuaries, often known as retirement plan actuaries, specialize in retirement programs and benefits. | INR 6 LPA |
Investment Actuary | Investment actuaries operate in the financial services industry, assisting businesses in making investment decisions by examining the financial risks associated with various investment strategies. | INR 8.5 LPA |
Risk Management Actuary | Actuaries in risk management operate in a variety of businesses to discover, assess, and minimize financial risks. | INR 9 LPA |
Note- The above salary has been taken from external sources, and hence may vary.
Top Companies Recruiting Actuarial Science Graduates
The expertise of an Actuarial Science professional is required for the unprecedented financial risks. The great recession, demonetization, COVID-19, and other similar crises have shown the importance of risk management and the importance of mitigation skills held by an Actuarial Science expert. Some of the top companies recruiting Actuarial Science graduates include:
Top Recruiters | |
---|---|
EY | CRISIL |
HDFC Ergo |
Principal Financial Group |
Accenture | KPMG |
Max Life Insurance | PwC |
Milliman | Deloitte |
Note: The information is taken from various external sources and may vary.
Relevant Links for Actuarial Science Course:
Actuarial Science Graduates Online Courses & Certifications
Here are some Actuary jobs with high earning potential:
Actuary Jobs | Average Salary |
---|---|
Investment banker | INR 16.6 LPA |
Operations Research Analyst | INR 6.8 LPA |
Statistical Analyst | INR 9.3 LPA |
Risk Analyst | INR 7.7 LPA |
Data scientist | INR 14.5 LPA |
The average salary of a Actuarial Analyst is INR 7.6 LPA in India. The higher salary package or designation also depends on one's experience, skillset, and job location.
Actuarial Science Course FAQs
Candidates can refer to this section for Actuarial Science Course FAQs.
After BSc Actuarial Science, you can either opt for master's courses like MSc Actuarial Science or MBA in Actuarial Science or you can opt for a career path in the field of BFSI. You can become an Insurance Agent, Financial Advisor, Budget Analyst, Risk Manager, and more.
The importance of actuarial Science has grown in India over the years as a result of the need for risk management in a variety of industries, including investments, insurance, and pensions, as well as the complexity of financial products and rising regulatory requirements. These factors contribute to increasing demand for Actuaries in India and the expansion of Actuarial roles in the country.
Chartered Accountancy and Actuarial Science are two different working fields of study that are related to finance. A professional in Actuarial Science deals with the risk factors that can occur in future and the mitigation techniques. Whereas, a Chartered Accountant is the one who deals with the financial impacts of past events.
Knowing the major differences between Actuarial Science and Chartered Accountancy is important as the finance aspirants might go for the wrong field thinking both the fields are similar.
Popular Actuarial Science UG Courses
UG Courses
- B.Com
3 Colleges
- B.Sc.
3 Colleges
- UG Diploma
1 College
Popular Actuarial Science PG Courses
PG Courses
- M.Sc.
4 Colleges
- MBA/PGDM
3 Colleges
- PG Diploma
2 Colleges
News & Updates
Oct 14, 2025
Student Forum
Answered a month ago
You can surely get admission to the BSc Actuarial Science course without giving any entrance exam. There are a decent number of colleges that give admission to the course on the basis of Class 12 merit and may take extra rounds like the GD/PI to assess your abilities.
A few colleges include Mumbai Un
V
Contributor-Level 10
Answered a month ago
You can find some basic tips for clearing the Actuarial Science admission tests smoothly given here –
- Have a look at the entire exam syllabus in detail and note down all the important topics to be covered in a separate notepad/notebook.
- Make a weekly timetable where you assign at least 2-3 topics to b
V
Contributor-Level 10
Answered a month ago
The time required to prepare for the entrance exams for admission to Actuarial Science courses varies on the basis of the course level and specific exam you're planning to sit for. Generally, it is better to start your preparation at least 6 to 8 months before the final exam is tentatively scheduled
V
Contributor-Level 10
Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 65k Colleges
- 1k Exams
- 687k Reviews
- 1800k Answers
- Capital Markets
- Stock Market Course
- Corporate Banking
- Debt Markets
- Derivatives, Futures & Options
- Financial Modelling
- Financial Planning & Analysis
- Forex Management
- General Insurance
- Health Insurance
- International Banking
- Investment Banking
- Investment Operations
- Islamic Banking & Finance
- Life Insurance
- Motor Insurance
- Mutual Funds
- Retail Banking
- Risk Management
- Stock Analysis & Trading
- Wealth Management
Actuarial Science are offered at various levels from UG, PG, Doctorate to Diplomas and Certifications. So, the duration also vary depending on the course type. While the UG courses are 3-4 years long, PG courses are 2-year long, Doctorate courses lasts for 3-5 years, and Diplomas and Certifications can go from 6-18 months.