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 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

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