Actuarial Science colleges in India

According to NIRF Ranking 2023, given below are the top Actuarial Science Colleges in India

College Name	NIRF 2021	NIRF 2022	NIRF 2023
Kerala University	27	40	24
University Noida	25	22	35
University of Madras	28	39	50
University of Mumbai	71	45	56
Christ University	NA	71	67

Yes, Actuarial Science can be pursued as a Diploma course through a college. 

The Post Graduate Diploma in Actuarial Science at Kaushalya The Skills University, the Post Graduate Diploma in Actuarial Science (PGDAS) at Bishop Heber College, and the Post Graduation Diploma in Actuarial Science at Shri Balaji Institute Pune (SBIP) are all Diploma courses that can be pursued through colleges.

The Discontinued (Nov 2022) - Post Graduate Diploma in Actuarial Sciences at Dibrugarh University is no longer available.

It's important to note that the eligibility criteria for these courses may vary, and candidates must have completed a recognised undergraduate degree with a minimum score in Mathematics to be eligible for admission. Additionally, the medium of instruction for these courses is English, with explanations in Gujarati/Hindi.

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
Kerala University	27	40	24
Amity University Noida	25	22	35
University of Madras	28	39	50
University of Mumbai	71	45	56
Christ University	NA	71	67

READ MORE: Amity University Noida Applications Open NOW

Amity University Noida is a good choice for students as it has been accredited grade A+ by NAAC. Good placements are offered here with the highest package being INR 75 LPA during 2025. 

 

Tabulated below is the list of courses along with their total tuition fee:

Courses	Total tuition Fees
B.E. / B.Tech (36 Courses)	INR 45,600 - INR 3 lakh
B.Sc. (168 Courses)	INR 1,000 - INR 1.2 lakh
MBA/PGDM (14 Courses)	INR 36 K - INR 8 lakh
M.Sc. (102 Courses)	INR 1,100 - INR 2.3 lakh
M.A. (80 Courses)	INR 1,100 - INR 75,000

 

The common eligibility criteria to pursue actuarial Science are:

1. Graduation in Mathematical Actuarial Science/Actuarial Statistics/Actuarial Economics/Computer Science with a minimum CGPA of 2 or above in a 4-point scale, 3.5 or above in a 7-point scale, or 5 or above in a 10-point scale.
2. Relaxation for candidates from SC/ST category: CGPA of 1.8 or above in a 4-point scale, 3.15 or above in a 7-point scale, or 4.5 or above in a 10-point scale.
3. Relaxation for candidates from SEBC category: CGPA of 1.92 or above in a 4-point scale, 3.36 or above in a 7-point scale, or 4.8 or above in a 10-point scale.
4. Persons with Disability category: CGPA of 1.8 or above in a 4-point scale, 3.15 or above in a 7-point scale, or 4.5 or above in a 10-point scale.

It's important to note that these criteria may vary for different universities and institutes offering Actuarial Science programs. Therefore, it's recommended to check the specific eligibility criteria for each institution you're interested in applying to.

The following degree courses are available in actuarial science:

1. B.Sc. in Actuarial and Quantitative Finance at Institute of Actuarial and Quantitative Studies.
2. M.Sc. in Actuarial and Quantitative Finance at Institute of Actuarial and Quantitative Studies.

Please note that the M.A. in Actuarial Science at Central University of Rajasthan has been discontinued as of March 2022.

Given below are some of the best Actuarial Science Colleges in Mumbai (All):

College Name	Eligibility/Exams
Sir Sitaram and Lady Shantabai Patkar College of Arts and Scienceand V.P. Varde College of Commerce and Economics	Merit Based
Thakur Shyamnarayan Degree College	Merit Based
Thakur College of Science and Commerce	Merit Based
Shree L.R. Tiwari Degree college of Arts, Commerce and Science	Merit Based

Madras University admissions are both merit and entrance-based. For admission to courses such as MBA, MCA etc., the university accepts scores of entrance exam i.e. TANCET. Further, admission to courses such as MA, MSc, MCom, etc., admissions are offered based on scores of last qualifying exam. To secure a seat at UG & PG courses at Madras University, candidates have to go through the following selection process:

1. Application Process
2. Selection Rounds (Direct/ entrance-based)
3. Counselling process/ Merit list release

Below mentioned are some of the Best Actuarial Science College in Chennai:

College Name	NIRF University Ranking 2023	Tuition Fee/ Exams
Crescent Institute of Science and Technology	-	INR 1 lakh
University of Madras	50	INR 60,00

Hi, If you are a mathematical genius, a love of logic, have problem solving skills with business awareness, good in communication and excellent in number crunching, think of a career as an actuary today. Careers in the actuarial field include: 1. Actuary 2. Risk analyst or consultant 3. Insurance underwriter 4. In addition to the specialised careers listed above, Actuarial Science students graduate with statistics and financial mathematics expertise that can lead to career opportunities in the following fields: -Finance -Management -Statistician (in any of the diverse fields where statisticians are employed, ranging from marketing to pharmacology to engineering) -Education -conducting valuations of assets and liabilities; -advising on investment strategies and assessing the profitability of an investments portfolio; analyzing risks related to locations for catastrophe claims; -measuring, monitoring and mitigating portfolio and enterprise risks; -overseeing asset and liability modelling, product development and profit testing; -preparing presentations, reports, valuations and quarterly updates.

Actuarial Science is a discipline that deals with evaluating risks and maintaining the economic stability of insurance or financial organizations. Actuarial Studies graduates learn how to use Mathematics, Statistics, and Probability principles to anticipate future events and take preventive measures. The main goal of Actuarial Studies is to develop the knowledge needed to perform an actuary job and to prepare students to pass their actuarial exams. 

Actuarial science is a course that concentrates on the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. A number of universities offer UG and PG courses in actuarial sciences. Any one above 18 years of age with proficiency in mathematics and statistics can take up the course and become an actuary. The candidate must pass 10+2 or equivalent. The fee structure varies from college to college. Employment Opportunities: 1. LIC. 2. GIC. 3. ESIC. 4. Banks. 5. Stock exchanges and other financial institutions controlled by government and private bodies. For more, you can check the below mentioned links: https://www.shiksha.com/getArticleDetail/2311/Actuarial-Science-A-Zero-Unemployment-Professional-Program https://www.shiksha.com/getArticleDetail/1561/Weigh-Actuarial-Science-As-A-Job-Option

Mumbai University has well-qualified faculty members who come from the best institutions around the world. MU Lecturers and professors bring extensive industry and academic experience with international exposure, enriching every students' educational journey.

Christ University Entrance Test is a UG and PG entrance exam which check skills of students in different facets such as English, Reasoning, numerical ability, general knowledge along with programme specific knowledge of students taking the exam. 

Mohan Babu University and Vignan's Foundation for Science, Technology and Research both are renowned universities for B.E. / B.Tech. However, in terms of affordability, Mohan Babu University is a better option since the total tuition fee for Mohan Babu University is INR 40,00,000 - INR 15,20,000 and the total tuition fee for B.E. / B.Tech at Vignan's Foundation for Science, Technology and Research is INR 620,000 - INR 1,440,000. In the total fees that students generally end up paying the university or the college, various other components are also included, such as the exam fee, application fee, lab and other charges.

Candidates can check the JEE Main 2026 exam date allotted to them on their city intimation slip and JEE Main admit card. Candidates have to download the city intimation slip and admit card from the official website as per the schedule

As per Shiksha verified reviews, Thakur College of Science and Commerce has an impressive review rating of 3.86 by 293 students.

Yes, students can get direct admission at Yashwantrao Chavan Maharashtra Open University. Students accepts admisison through merit based. It is mandatory to qualify the eligibility criteria set for each course. 

According to Shiksha verified reviews, for the faculty SIES (Nerul) College Of Arts, Science And Commerce have rating of 4.45. It represents that Institute has good, qualified and experienced faculty members.

Bishop Heber College is a good institution for PG Diploma, B.Sc, M.A, M.Com, M.Lib.I.Sc, MSW, M.Sc, B.Com, B.A, B.Voc, BBA, BCA, BSW, MBA/PGDM, MCA courses, and these programs are delivered by highly experienced faculty. Major specialisation at Bishop Heber College are Actuarial Science, Counseling, Bioinformatics, English, Biotechnology, Botany, Chemistry, Computer Science, Data Science, Environmental Sciences, Food & Nutrition, Information Technology, Mathematics, Physics, Zoology, Business Analytics, Visual Communication, Biology, International Accounting.

Kavayitri Bahinbai Chaudhari North Maharashtra University provides modern amenities with state-of-the-art infrastructure to its students. The facilities provided by the institute include RUSA resources, an online examination center, student accommodation, a health center, a sports section, a guest house, a bank, a post office, canteens, karmachari bhawan, etc. NMU also provides hostel facilities both for boys and girls. The hostel is well-furnished, clean, and hygienic. Moreover, the North Maharashtra University campus is spread over an area of 660 acres.

The college life of outstation students at Renaissance University is quite good. Renaissance University has a big library with multiple facilities available for students. Renaissance University has a good university environment. The recreational facilities on the campus include a hostel, a gymnasium, a cafeteria, table tennis, a basketball court, a volleyball court, and others. Outstation or not the student life at Renaissance University is quite good. 

The highest package offered during the 2023 placement drive at DY Patil University School of Management stood at INR 10.04 LPA. The following table showcases the highest package offered at DY Patil University School of Management placements 2023:

Particulars	Placement Statistics (2023)
the highest Package	INR 10.04 LPA

Shri Balaji Institute Pune (SBIP) offers various courses like M.Sc, B.Lib.I.Sc, MSW, M.Lib.Sc, PG Diploma, Certificate, M.A, B.Sc, BSW, B.A, After 10th Diploma in Beauty & Fitness, Design, Science, Humanities & Social Sciences, Medicine & Health Sciences, Animation, Hospitality & Travel, Business & Management Studies, IT & Software, Engineering, Mass Communication & Media stream. Shri Balaji Institute Pune (SBIP) has specializations such as Environmental Sciences, Chemistry, Physics, Mathematics, Biology, Botany, Zoology, Geology, Biotechnology, Microbiology, Electronics, Jewellery Design, Textile Design, Fashion Design, Biochemistry, Telecom, Actuarial Science, Data Analytics, Diabetology, Energy & Environment, Food Production, Bioinformatics, Perfusion Technology, GeoInformatics, Statistics, Ayurved, Disaster Management, Footwear Design, Toxicology, Dairy Technology, Print Media.

Some medical field which offer best work and life balance are shown below -

• Dentistry (BDS & MDS) – Fixed clinic hours, fewer emergencies.

• Pharmacy (BPharm & MPharm) – Less stress compared to hospital-based jobs.

• Physiotherapy (BPT & MPT) – Flexible working hours, minimal emergency calls.

• Public Health & Community Medicine – Focus on preventive healthcare rather than emergency treatments.

• Clinical Research & Medical Writing – Research-based work with no direct patient responsibilities.

The highest package offered at RNB Global University placements is 12 LPA (around $12,000 USD).

The key details are:

The highest package offered during the RNBGU placements in 2022 was Rs 12 LPA (around $12,000 USD).

In previous years, the highest package offered was Rs 10 LPA (around $12,000 USD) for BBA students and Rs 15 LPA (around $18,000 USD) for MBA students.

So the most recent and the highest package offered at RNB Global University placements was 12 LPA.

SRTMUN offers various facilities to its students to provide the best environment. Some of the facilities are listed below:

Library: The University Library spread has a rich collection of books, Back Volumes, Periodicals, Various National and International Journals etc. Also, SOUL software version – 2 and OPEC search facilities, Reprographic facilities, are operational in the library functioning.

Hostel: The boys' hostel contains 212 rooms, while the girls' hostel has 246 rooms. Both are ventilated and supplied with fans, cots, tables, chairs, cupboards, tube lights, dustbins, and door mats, among other things.

Sports Complex: The University also holds a Sports hostel with 36 Rooms, a dining hall and a seminar hall. Also, the university offers these sports facilities for the overall physical development of students and to infuse sports spirit in them.

Maharishi University Noida offers various specialisations in streams such as Engineering and Technology, Business Management, Media and Animation, Pharmaceutical Sciences, Science of Consciousness, Law and Science and Humanities. These specialisations cost a candidate a maximum of INR 6 Lacs for the total tuition fees. Maharishi University Noida fee structure involves one-time fees and recurring fees which cover hostel fees, exam fees and various other campus facilities that a student might incur during study.

Sri Balaji University Pune admissions are conducted on the basis of both merit and entrance. The university considers scores in CAT, MAT, XAT, etc. for admission to specific courses. The university also conducts SBEST or Sri Balaji Entrance & Screening Test for admission to some of the UG and PG programmes.

The key highlights of ASBM University MBA placements for the placement year 2022 are mentioned in the table below:

Particulars	Statistics (2022)
Highest package	INR 10 LPA
Placement rate	100%
Top recruiters	ITC, HCL, Deloitte

This is to note that, the highest package mentioned above are gathered from media reports.

Institute of Actuarial and Quantitative Studies has below criteria for taking admissions to it's various courses:

Courses	Eligibility
M.Sc.	Candidates who have cleared any Actuarial paper held by Institute of Actuaries of India (IAI) & Institute and faculty of Actuaries (IFoA) are also eligible to apply,
B.Sc.	Candidates who have successfully cleared any Actuarial paper held by Institute of Actuaries of India (IAI) & Institute and faculty of Actuaries (IFoA) are eligible to apply.