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

The 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 61.75 LPA during 2023. 

 

Kerala University is a public university. The university is recognised by the UGC and accredited by NAAC A+ Grade. The university has been ranked 5th under the State Public University and 25th under the University category by the NIRF 2025.

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

According to the University of Madras NIRF report, 483 PG 2 year students were placed in 2024 with a median package of INR 4.2 LPA. In PG 3 year program, 7 students got placements with a median salary of INR 4.80 LPA.

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 conducts the admission process for all the UG, PG, PhD courses in online mode. Interested candidates can fill the admission forms through the official website. University of Mumbai admissions are currently ongoing for several courses.

Christ College, Bangalore is famous for its MBA, BTech, and Law courses as the university is ranked by NIRF for these streams. Also these course students are placed in top companies such as Sandisk, McKinsey & Co, Vedanta, Engagely AI, and others. Yes, Christ University is a good university which is renowned for its placements and infrastructure. 

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 460,000 - INR 1,000,000 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.

IUST Awantipora Diploma admission is subject to the fulfilment of the preset eligibility and selection criteria. The eligibility criteria for Diploma admission is for the candidates to have passed Class 10 with the minimum required aggregate (35%) and relevant subjects. Such candidates are required to appear for the University Entrance Test to be considered for seat allocation. Hence, getting a direct admission to the Diploma courses of IUST Awantipora may not be possible.

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

Yes, Yashwantrao Chavan Maharashtra Open University is a good university as it is a member of the AIU (Association of Indian Universities), ACU, AAOU, ICDE, and is accredited by NAAC (National Assessment and Accreditation Council) with an A Grade. YCMOU Nashik offers MBA, BSc, and various other programmes to postgraduate and undergraduate students. For more information please visit the official website or click here.

Bishop Heber College provides programmes including 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 in streams such as Humanities & Social Sciences, Science, Teaching & Education, Accounting & Commerce, Aviation, Business & Management Studies, Engineering, Mass Communication & Media, IT & Software, Medicine & Health Sciences, and are excellent for students to build their careers. The institute has specializations in 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.

Humanities as a stream provides a wide range of courses that can be studied after completing their 12th grade. Pursuing any of these degrees prepares you to understand the various levels of humanities and, as a result, carve out an appropriate job path. Candidates in the humanities can apply for positions in the government sector, such as banking firms, government ministries, legal firms, and political analysts.

Content Writer, Civil Services, Human Resource Manager, Defense Services, Lawyer, Journalist, Counsellor, and Therapist positions are available. As freshers, humanities graduates can expect to earn between INR 2-6 LPA.

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.

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. 

D.Y. Patil University is highly recommended college for MBA . It is approved by AICTE with 2023 ranking done 93rd out of 272 in India 2023.and 26th rank in Maharashtra which is impressive and outlook has also made ranking with 120 out of 200 colleges on India in 2023. D.Y. Patil University offers UGC entitled online degree bachelor's and Master's courses 

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.

Shri Balaji Institute Pune (SBIP) is a reputed institute for M.Sc, B.Lib.I.Sc, MSW, M.Lib.Sc, PG Diploma, Certificate, M.A, B.Sc, BSW, B.A, After 10th Diploma Courses. Students can opt for these programs to pursue their career in Beauty & Fitness, Design, Science, Humanities & Social Sciences, Medicine & Health Sciences, Animation, Hospitality & Travel, Business & Management Studies, IT & Software, Engineering, Mass Communication & Media. The Institute has trained and experienced faculty members who deliver these programs. Shri Balaji Institute Pune (SBIP) has a review rating of 3.4 on the basis of Shiksha reviews by students. In addition to this, it has been rated 3 on Campus Life, 4 on Placements, 4 on Faculty and 3 on Infrastructure.

On the official webiste of B.S. Abdur Rahman Crescent Institute of Science and Technology, I could not find any information on the cutoff marks required in the JEE Main or Crescent College's entrance test, namely Crescent Institute Engineering Admission Test (CIEAT 2024) for admission. However, as per the eligibility criteria mentioned on the official website of the college, students must have at least 50% scores in their Class 12 in the PCM subject combination to be eligible for this course. 

Shree L.R. Tiwari Degree College of Arts, Commerce and Science is a well-known institution for B.A, B.Com, B.Sc, B.M.M, BBM/BMS courses, and these programs are delivered by highly experienced faculty. Shree L.R. Tiwari Degree College of Arts, Commerce and Science has course specializations in Computer Science, Actuarial Science.

RNB Global University offers top courses in Engineering (Computer Science, Mechanical, Civil, Electrical), Management (MBA with various specializations), Law (LLB, LLM), Commerce (B.Com, M.Com), Science (B.Sc, M.Sc in Physics, Chemistry, Mathematics), Humanities (BA, MA in History, Political Science, Sociology), and Pharmacy (B.Pharm, M.Pharm). These programs provide the best education and practical skills in their specific fields, preparing students for successful careers in diverse industries and sectors, but also RNB Global is known for their management and commerce courses because of their higher package.

ASBM University has not released the placement report for the year 2023. However, SBM University has concluded its placement drive for MBA batch passing out in 2022. The institute achieved 100% MBA placements for the academic year 2021-2022. As per the media reports, the the highest package offered stood at INR 10 LPA. The top recruiters of ASBM University in 2022 included HCL, Deloitte, ITC, ICICI Bank, etc.

IIRM Hyderabad admission is primarily entrance-based. The college accepts various national-level entrance exams such as CAT/ XAT/ MAT/ CMAT/ GMAT/ ATMA/ IIRMCET exam. Apart from the entrance exam,  IIRM Hyderabad also considers the academic performance of the candidate and performance in the personal interview round. Candidates interested in getting into the IIRM Hyderabad flagship PGDM course must appear for the relevant national-level management entrance exam or IIRMCET exam.