Which are the best colleges in India to pursue Actuarial Science?

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

Is actuarial Science a type of Diploma to be done through college?

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.

What is the fee structure of Actuary course? Which is the best college for the same?

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

Can I pursue actuarial science?

The common eligibility criteria to pursue actuarial Science are: 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. 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. 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. 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.

Which degree courses are available in actuarial science?

The following degree courses are available in actuarial science: B.Sc. in Actuarial and Quantitative Finance at Institute of Actuarial and Quantitative Studies. 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.

Can you suggest the best colleges which offer actuarial course in Mumbai?

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

What is the scope of actuarial science?

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.

What is an Actuarial Science course?

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.

In how many years I can become an actuary after completing class 12th? Which is the shortest way to become an actuary?

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

Actuarial Science colleges in India

Q: Can I pursue actuarial science?

The common eligibility criteria to pursue actuarial Science are: 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. 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. 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. 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.

Q: Which degree courses are available in actuarial science?

The following degree courses are available in actuarial science: B.Sc. in Actuarial and Quantitative Finance at Institute of Actuarial and Quantitative Studies. 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.

Q: Which college in Chennai provides actuarial science course?

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

Q: What is the scope of actuarial science?

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.

Q: What is an Actuarial Science course?

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.

Q: In how many years I can become an actuary after completing class 12th? Which is the shortest way to become an actuary?

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

India is home to 21 Actuarial Science Colleges of which 8 are privately owned and the rest five are government owned. CUET is one of the popular entrance exams to get admission to top Actuarial Science Colleges in India. Accenture, Amazon, CapGemini, Cognizant, Dabur, Deloitte, E&Y, Hyundai, etc. are the top recruiters of actuarial science colleges in India.

Best Actuarial Science Colleges in India: Highlights 2023
How can I get admission to top Actuarial Science Colleges in India?
Which are the top Actuarial Science Colleges in India?
Which are the top Private Actuarial Science Colleges in India?
Which are the top Government Actuarial Science Colleges in India?
Which state / city has the best Actuarial Science College in India?
Which is the best Actuarial Science College in India for placements?
Who are the top recruiters for Actuarial Sc

Best Actuarial Science Colleges in India: Highlights 2023
How can I get admission to top Actuarial Science Colleges in India?
Which are the top Actuarial Science Colleges in India?
Which are the top Private Actuarial Science Colleges in India?
Which are the top Government Actuarial Science Colleges in India?
Which state / city has the best Actuarial Science College in India?
Which is the best Actuarial Science College in India for placements?
Who are the top recruiters for Actuarial Science Colleges in India?
Which Actuarial Science Colleges in India has the lowest fees?
Best Actuarial Science Colleges in India: Comparison

Best Actuarial Science Colleges in India: Highlights 2023

Actuarial Science is the study of analyzing and managing risk in various industries, such as finance, insurance, and other fields that require specialised technical research. Students can opt for Actuarial Science specialisation in BSc, MSc, PG Diploma, BCom, etc.

Please refer to the table below for various parameters for Best Actuarial Science Colleges in India:

Parameters

Statistics

No. of Actuarial Science Colleges

Annual Fees

< INR 1 lakh: 3 Colleges

INR 1-2 lakh: 3 Colleges

INR 2-3 lakh: 1 College

INR 3-5 lakh: 3 Colleges

Accepted Entrance Exams

CUET

READ MORE:

Actuarial Science Colleges In India: Eligibility, Admission, etc.	BSc Actuarial Science Colleges in India
MSc Actuarial Science Colleges in India	Career Guidance for Actuary

How can I get admission to top Actuarial Science Colleges in India?

Given below are the common entrance exams accepted by Actuarial Science Colleges in India:

CUET: Common University Entrance Test is a national-level entrance exam conducted by the National Testing Agency (NTA) for admission to UG and PG courses in various fields all over the nation.

Please refer to the table below for their exam dates:

Exam Name	Dates	Exam Schedule
CUET	15 May – 31 May ‘24	CUET Schedule

READ MORE: Career as an Actuary

Which are the top Actuarial Science Colleges in India?

Please refer to the table below for 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

Which are the top Private Actuarial Science Colleges in India?

Given below are the top Private Actuarial Science Colleges in India with their tuition fees and eligibility if any:

College Name	Tuition Fee	Eligibility/ Exams
Amity University Noida Admission	INR 3.5 – 4.6 lakh	CUET and Merit Based
Christ University Admission	INR 3.8 – 4 lakh	Merit Based
B.S. Abdur Rahman Crescent Institute of Science and Technology Admission	INR 1 lakh	Merit Based
Chanakya University Admission	INR 3 lakh	Merit Based
Maharishi University of Information Technology Noida Admission	INR 1.4 – 2.4 lakh	Merit Based

Which are the top Government Actuarial Science Colleges in India?

Please refer to the table below for the best Government Actuarial Science Colleges in India

College Name	Tuition Fee	Eligibility/Exams
Kerala University Admission	INR 2,600	Merit Based
Madras University Admission	INR 60,000	Merit Based
North Maharashtra University Admission	INR 1.3 lakh	Merit Based

Which state / city has the best Actuarial Science College in India?

Listed below are the state / city-wise distribution of various Actuarial Science Colleges in India:

Which Actuarial Science College is the best in Delhi/NCR?

Please refer to the table below for the best Actuarial Science Colleges in Delhi/NCR:

College Name

NIRF University Ranking 2023

Tuition Fee/ Exams

Amity University Noida

Fee: INR 3.5 lakh – INR 4.6 lakh

Exam: CUET

Maharishi University Noida

Fee: INR 1.4 – 2.4 lakh

Merit Based

Which Actuarial Science College is the best in Mumbai?

Given below are the best Actuarial Science Colleges in Mumbai:

College Name	Eligibility/Exams
Sir Sitaram and Lady Shantabai Patkar College of Arts and Science and 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

Which Actuarial Science College is the best in Bangalore?

Please refer below for the best Actuarial Science Colleges in Bangalore:

College Name	NIRF University Ranking 2023	Tuition Fee/ Exams
Christ University	67	INR 3.8 – INR 4 lakh
Chanakya University	--	INR 3 lakh

Which Actuarial Science College is the best in Chennai?

Below mentioned are 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

Which is the best Actuarial Science College in India for placements?

Return On Investment or ROI is the profit students get when they enroll in a specific course at a specific university. It evaluates the candidate’s ROI for the fees paid while they were studying and the return they received in form of placements. Given below are some of the best Actuarial Science colleges that offer high ROI to its students:

College Name	Tuition Fee	Annual Median Package
Christ University Bangalore	INR 3.8 – 4 lakh	INR 6.03 LPA
Amity University Noida	INR 3.5 – 4.6 lakh	INR 4.5 – 5.5 LPA
B.S. Abdur Rahman Crescent Institute of Science and Technology	INR 1 lakh	INR 4.25 LPA
University of Madras	INR 60,000	INR 3.6 LPA
Kerala University	INR 2,600	INR 3.12 LPA

Who are the top recruiters for Actuarial Science Colleges in India?

Please refer to the table below for the recruiters of the best Actuarial Science Colleges in India:

College Name	Annual Median Package	Top Recruiters
Christ University Bangalore	INR 6.03 LPA	Accenture, Amazon, HCL, IBM, KPMG, etc.
Amity University Noida	INR 4.5 – 5.5 LPA	Dabur, E&Y, ITC, Hyundai, Indian Navy, etc.
B.S. Abdur Rahman Crescent Institute of Science and Technology	INR 4.25 LPA	Amazon, IBM, HCL, KPMG, etc.
University of Madras	INR 3.6 LPA	Accenture, HCL, IBM, IFMR, TCS, KPMG, iGate, etc.
Kerala University	INR 3.12 LPA	Allianz, IBM, IBS, Infosys, Idea, HDFC Bank, TCS, Wipro, etc.

Which Actuarial Science Colleges in India has the lowest fees?

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.

Best Actuarial Science Colleges in India: Comparison

Please refer to the table below for the comparison of best Actuarial Science Colleges in India:

Christ University Bangalore Compare	Amity University Noida Compare
Crescent College Compare	Madras University Compare
Kerala University Compare	North Maharashtra University Compare

Aneena Aley Abraham10-19-2023 09:27

Sri Balaji University, Pune

PunePvt

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹2.42 L

Median Salary

– / –

ASBM University

BhubaneswarPvt

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹3.4 L

Median Salary

– / –

Institute of Actuarial and Quantitative Studies

Mumbai

Courses Offered

2 Courses

Exams Accepted

ACET

Total Tuition Fees

– / –

Median Salary

– / –

School of Applied Science, HSNC University

Mumbai

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹7.32 L

Median Salary

– / –

IIRM Hyderabad

HyderabadGovt

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

₹8.75 L

Median Salary

– / –

Commonly asked questions
On Actuarial Science colleges in India

Q: How can I get admission at Sri Balaji University, Pune?

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.

Q: What is the placement record of ASBM?

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.

Q: Which major specializations are available at Institute of Actuarial and Quantitative Studies?

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.

Q: How can students get admission to IIRM Hyderabad?

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.

Mar Athanasius College

Kerala - OtherPvt

Courses Offered

1 Course

Exams Accepted

– / –

Total Tuition Fees

– / –

Median Salary

₹3 LPA

Shree L.R. Tiwari Degree College of Arts, Commerce and Science

Thane

Courses Offered

1 Course

Exams Accepted

Total Tuition Fees

– / –

Median Salary

– / –

BSE Institute Limited Kolkata

Kolkata

Courses Offered

1 Course

Exams Accepted

– / –

Total Tuition Fees

– / –

Median Salary

– / –

Vijay Patil School of Management

Navi Mumbai

Courses Offered

2 Courses

Exams Accepted

Total Tuition Fees

₹11 L - 20 L

Median Salary

– / –

M V Mandali's Colleges of Commerce and Science

MumbaiPvt

Courses Offered

1 Course

Exams Accepted

– / –

Total Tuition Fees

– / –

Median Salary

– / –

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Table of Contents

Table of Contents

Best Actuarial Science Colleges in India: Highlights 2023

How can I get admission to top Actuarial Science Colleges in India?

Which are the top Actuarial Science Colleges in India?

Which are the top Private Actuarial Science Colleges in India?

Which are the top Government Actuarial Science Colleges in India?

Which state / city has the best Actuarial Science College in India?

Which Actuarial Science College is the best in Delhi/NCR?

Which Actuarial Science College is the best in Mumbai?

Which Actuarial Science College is the best in Bangalore?

Which Actuarial Science College is the best in Chennai?

Which is the best Actuarial Science College in India for placements?

Who are the top recruiters for Actuarial Science Colleges in India?

Which Actuarial Science Colleges in India has the lowest fees?

Best Actuarial Science Colleges in India: Comparison