Banking, Finance & Insurance

Actuarial Science courses revolve around 5 major subjects, i.e., English, Mathematics, Statistics, Logic and Data Interpretation. The syllabus is generally divided into 4 stages: Core Technical, Core Application, Specialist Technical, and Specialist Application.

ACET is Actuarial Common Entrance Test which is a 3-hour, 100 marks online exam that has 70 multiple choice questions. Institute of Actuaries of India conduct this university-level exam to provide admission to Actuarial programs at Indian institutions.

Actuarial Science courses are offered at various levels, hence, the eligibility criteria also differ depending on the course level. For UG courses, a candidate must pass Class 12 with Mathematics subject with a minimum of 50% aggregate score. For PG course, the candidate must obtain a bachelor's degree in a relevant discipline, and for Doctorate,  the candidate must obtain a master's degree in a relevant discipline.

Actuarial Science are offered at various levels from UG, PG, Doctorate to Diplomas and Certifications. So, the duration also vary depending on the course type. While the UG courses are 3-4 years long, PG courses are 2-year long, Doctorate courses lasts for 3-5 years, and Diplomas and Certifications can go from 6-18 months.

The CFA 2024 exam Levels I, II and III will be conducted only in the CBT mode with different time durations and on different dates.
Level I - The Level I exam as per the CFA exam pattern consists of 180 multiple-choice questions. The test is split into two sessions, each session is held for 135 minutes. It is mandatory for the candidates to appear in both sessions. 
Level II - The total duration of the exam will be 4 hours and 24 minutes which will be divided into two sessions. 
Level III - The total duration of the Level III exam will also be 4 hours and 24 minutes. This will be divided equally into two sessions. 

Those who hold a charter as a Chartered Financial Analyst (CFA) can use their expertise in a variety of roles across the international finance sector. Prominent for their dedication to elevating the bar for excellence, they are in high demand as experts in investment management.

The 2-year online Post Graduate Diploma in Finance (PGDF) is a master level programme which aims at providing a holistic understanding of the essential concepts, tools, techniques, and practice of finance. 

Some institutes offering online PG Diploma in Finance course are IGNOU, XLRI online learning, Indian Institute of Skill Development Training, and MIT school of Distance education. 

Both banking and teaching careers offer distinct advantages:

Banking: Provides opportunities in financial management, risk assessment, and customer service, often with competitive salaries and benefits. It involves dynamic roles and growth opportunities in various financial institutions.

Teaching: Offers a stable and rewarding career, especially if you qualify for positions in universities or colleges through the UGC NET exam. Teaching provides opportunities to shape future professionals, engage in research, and pursue academic interests.

Your choice should depend on your career interests, goals, and work environment preferences.

The table below shows the placement package offered by top recruiters participated in top Diploma in Banking, Finance and Insurance colleges in India: