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. 

 

The requirement of entrance exam varies course-wise. University of Kerala conducts an entrance exam for PG courses. For most of the UG programmes, admission is based on merit in the last qualifying exam. For MBA, the university accepts national or state-level entrance exams such as CAT,  CMAT and KMAT. Kerala University furthers calls the shortlisted candidates for group discussion and personal interview rounds for some of the courses such as MBA, MSW, etc.

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

University of Madras is a state government university in Chennai. Madras University has also been recognised by the UGC. BTech & MBA are the flagship courses of the university. It has been ranked 38th under "University" category, 68th under "Overall" category & 18th under "State Public Universities" by NIRF 2025. The total course fee ranges between INR 28 K - 6 L, depending on the chosen specialisation. Overall, it is a good government college.

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 provides hostel facilities for both, boys and girls. MU has 5 girls' hostels, 2 boys' hostels, and 1 hostel for international students. The MU campus is equipped with CCTV cameras to offer a safe and secure surrounding. The hostels are equipped with basic facilities such as mess, water purifiers, electricity, etc. Rental and paying guest facilities are also available nearby the campus.

Yes, Christ University Bangalore has collaborated with various companies & organisations. Christ University Bangalore has signed MoUs with several industries and universities. The below-mentioned are Christ University Bangalore Karnataka collaborations:

Christ Deemed University Bangalore Collaborations
Bodo University, Norway	Diakonhjemmet Hogskole, Norway	University of Paris-Dauphine, France
Griffith University, Australia	-	-

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.

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

Thakur College of Science and Commerce has been rated 4.2 for faculty as per reviews by students. This represents that Institute has decent, qualified and experienced faculty members.

IGNOU and YCMOU are both open universities present in India. IGNOU is located in Delhi whereas YCMOU is located in Nashik. Both offers great education to students. The admission to the MBA course at IGNOU is based on merit whereas the admission to YCMOU's MBA course is based on entrance exam score. The accepted entrance exam is APICET. Both are good universities. So in the end it depends on person to person which university or college is best for him or her.

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.

SIES (Nerul) College Of Arts, Science And Commerce is a renowned institution offering M.Com, M.Sc, BBM/BMS, B.Com, B.Sc, B.M.M. Students can choose these courses to embark on their careers in the field of Accounting & Commerce, Science, IT & Software, Business & Management Studies, Banking, Finance & Insurance, Mass Communication & Media. The institute is staffed with highly skilled and experienced faculty members dedicated to delivering these programs. SIES (Nerul) College Of Arts, Science And Commerce boasts an impressive review rating of 4.33 based on student feedback at Shiksha. Additionally, it has received a rating of 4.59 for Campus Life, 4.03 for Placements, 4.45 for Faculty, and 4.27 for Infrastructure.

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.

Renaissance University has over 20 international collaborations and around 200 faculty members. Renaissance College Indore offers placement assistance to students. The university is visited by top companies for offering placement assistance to students, such as Aditya Birla Group, ICICI Bank, HDFC Ergo, Kotak Mahindra Bank, and others. Choosing this unversity can prove as a great decision for students. 

The selection criteria at DYPSUM depends on the course in which you are interested.

If you are looking for admission in MBA you have must a graduate degree with aggregate 50% marks.

For undergraduate courses, you must complete your 10+2 .

For other courses, you have to appear in other entrance exams or there may be merit-based selection.

For more details, you must visit the official website of DYPUSM for admission process, fee structure.

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.

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.

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.

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.

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.

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.

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.

Yes, Sri Balaji University campus is safe for girls and boys. The college campus is located in Pune. It has a good connection with roads and public transports. CCTV cameras are installed in the campus to keep a check on students safety.