Overview

P.G. Diploma in Actuarial Science is Diploma level Actuarial Science course. Actuarial services, predominantly in insurance and pensions but increasingly in a much wider range of activities, are critically important, to the performance of clients, to the long-term well-being of consumers, and to the stability of the financial system. Course deals with the application of statistical and mathematical techniques to calculate the risk involved in finance and insurance sectors. It resolves economic risks in the insurance and investment sector using mathematical and statistical methods.

The course is beneficial mainly in insurance sector but now its importance has increased in sectors like non-life insurance, employee benefits, health insurance, asset-management, reinsurance, insurance broking houses and consulting companies as well. Candidates those who want to pursue their studies for Master’s degree and then for research work also can go for the course; thus, it gives good base for further studies.

Eligibility

Graduation or Equivalent with at least 50% in Mathematics/ Statistics.

 

Admission Process

Entrance Exam + Scores in Bachelors' degree

Major Job positions

·         Team Lead/Assistant Team Manager

·         Actuarial Analyst

·         Audit Manager/Credit Risk Manager

·         Catastrophe Risk Analyst

·         Business Intelligence Consultant

·         Quality Assurance Associate

·         Teacher & Academician

 


Colleges offering Diploma in Actuarial Science

Thanthai Hans Roever College

About UsThanthai Hans Roever College of Arts and Science is an educational institution run by the St. John Sangam Trust. It was established in 1985, as a religious minority institution in memory of Rev. Fr. Hans Roever, a missionary from Germany, with the primary... View More
FAQs
The occupied stream of Diploma in Actuarial Science is Science
Basically you would want to choose a course that will lead you to fulfill your ambition and build your future career. you will always want to take courses which will future-proof your existing skillsets to better equip you to excel in your workplace and move your career path to succeed well in life.
The graduation type of Diploma in Actuarial Science is Diploma
The highest salary can get with Diploma in Actuarial Science is Rs: 762817
Job Opportunities
Job profile Job description Average salary
Teacher The duties of a teacher can include: Teaching students based on national curriculum guidelines within your specialist subject areas. Planning, preparing and delivering lessons. Encouraging student participation in lessons and in other school-related activities. The duties of a teacher can include: Teaching students based on national curriculum guidelines within your specialist subject areas. Planning, preparing and delivering lessons. Encouraging student participation in lessons and in other school-related activities. 2,95,493 in 0-2 Years
Auditor Auditors are specialists who review the accounts of companies and organisations to ensure the validity and legality of their financial records. They can also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made. Auditors are specialists who review the accounts of companies and organisations to ensure the validity and legality of their financial records. They can also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made. 6,87,948 in 0-2 Years
Actuary An actuary analyses the risk possibilities of a financial activity and mitigate the involved risks. An actuary is mostly needed in the insurance sector and pension programs where the task is to use financial theories, statistics and mathematics to study uncertain future events. An actuary analyses the risk possibilities of a financial activity and mitigate the involved risks. An actuary is mostly needed in the insurance sector and pension programs where the task is to use financial theories, statistics and mathematics to study uncertain future events. 7,62,817 in 0-2 Years
Auditing Clerk Auditing clerks work in conjunction with Professional Accounting and bookkeeping clerks in order to manage accurate financial records for large and small businesses. Auditing clerks are responsible for verifying the accuracy of financial records and catching mistakes made by other clerks or employees. Auditing clerks work in conjunction with Professional Accounting and bookkeeping clerks in order to manage accurate financial records for large and small businesses. Auditing clerks are responsible for verifying the accuracy of financial records and catching mistakes made by other clerks or employees. 2,50,000 in 0-2 Years

* Average salary are subjective to change based on various factors

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