Actuarial Science is a study of Insurance, Statistics or Mathematics. The Programs involves heavy mathematical and statistical component. Right from mathematical skills to the social sciences Actuaries solves important problems for insurance organisation, government bodies, commerce industries, academic researchers, and banking sector.
If you enjoy studying mathematics along with the applications of statistics to the social sciences, business, and finance, then this could be your future career field with endless opportunities.
Academic Entry Requirement
- Grade 12 – Commerce/Science with Math
- MBA – Graduation in Mathematics, Statistics, Economics or Related Subjects
- Diploma Courses in Actuarial Science
- B.Sc. in Insurance or Actuarial Science
- M.B.A. in Actuarial Science
Who can hire?
Insurance Sector – Health Insurance & Life Insurance Organisation, Banking Sector, Government Bodies and Consulting Organisation.
Actuaries are considered to be among the highest paid professionals who apply their knowledge of probability, mathematics, risk theory and statistics to the financial uncertainties such as life and casualty insurance, property, annuities, pension, employee benefit plans, etc. The Actuaries can interpret the economic environment and can inform on future inflation, economic growth, exchange rates, stock market behaviour and ROI (returns on investment)