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. 

 

Kerala University has mix of acadmeics rigor, cultural vibrancy and others. The university has green campus with peaceful environment. The institute has cutural club, literary socities, debate clubs, NSS/ NCC wings. It has festival and arts fest to motivate students and participate in other activities. The university is well-connected by buses, taxis and suburbans services. 

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

Candidates can access the TANCET admit card login portal for admit card download until the exam date. Typically, the exam date lies within 10 days of the admit card issuance date.

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

The first MU college merit list 2026 for undergraduate admissions has been released for several affiliated colleges.

Students need to first visit the official website of the college they applied to, as each affiliated college releases its merit list on its own portal and then navigate to the “Admissions 2026" or the 'Merit List' section, which is typically featured as a banner or in the latest announcements section. Students can then check their name and other details in the MU merit list 2026.

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 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 (Islamic University of Science and Technology) is one of the best universities in the state of Jammu and Kashmir.

The university has a very beautiful campus with a massive infrastructure with a well trained teaching faculty and is recognised by UGC and AICTE and is also a member of AIU, which makes it great both in terms of academics and infrastructure.

It was also one of the top performers in the National Innovation Rankings released by Innovation Cell of the Ministry of Education, Government of India.

Thanks,

Best wishes.

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.

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 has notable alumni such as Pratik Gandhi who is an Indian actor and Pratibha Devisingh Patil who is an Indian politician. Moreover, the highest package offered during NMU placements 2023 was INR 5.38 LPA. NMU also has various facilities for the students such as a health center, sports section, guest house, bank, post office, canteens, hostel, etc. The university is awarded with 'A' grade (3rd cycle) by NAAC and is recognised by the UGC.

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 minimum package offered to the MBA batch during DY Patil University School of Management placements 2023 was INR 3 LPA. The same is tabulated below:    

Particulars	Placements Statistics (2023)
Minimum package	INR 3 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.

SRTMUN collaborates with renowned academic and other institutions throughout the world to improve the student experience, faculty growth and contributions, and the effect of our research. Collaborations with our international colleagues are critical to the success of our worldwide initiatives. Some of the international collaborations are listed below:

International Collaborations
Washington State University, Pullman, USA	Kanas State University, Manhattan, USA
University of  Nova Gorica, Slovenia	Wroclaw University of Science and Technology, Wroclaw, Poland
University of Nigeria, Nsukka, Nigeria	-

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.

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. 

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 offers Degree courses including 1 UG and 1 PG courses. These programs are offerred in Full Time mode. Institute of Actuarial and Quantitative Studies has specializations such as M.Sc. specializations in Actuarial Science, B.Sc. specializations in Actuarial Science.