MBA in Actuarial Science Course | Eligibility | Career Options After Actuarial Science | Top Recruiting Companies | Salary

MBA in Actuarial Science Course

Know about MBA in Actuarial Science Course, Actuarial Science Eligibility, Career Options After Actuarial Science, Employment Area, Top Recruiting Companies, Actuarial Science Salary

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  • Job Pressure Medium
  • Academic Pressure Medium
  • Early Salary 1.5 - 9
  • Mid Level Salary3.2 - 13
  • Senior Salary 10 - 20

MBA Actuarial Science Course Highlights

Course Level Masters
Examination Type Semester-Wise
Eligibility Graduation in Mathematical Sciences, Computer Science, Engineering, Physics, or Commerce with a minimum of 55% marks.
Duration 2 years
Average Tuition Fees INR 10,000-2 Lakhs
Average Salary INR 8-15 Lakhs
Job Profiles Actuarial Analysts, Risk Analysts, Business Analysts, etc.

About MBA in Actuarial Science Course

MBA with a specialization in Actuarial Science is a master’s degree course that is offered at a university level in India. It generally requires two years to complete when done on the regular basis. The course can also be done through distance learning.

The primary objective of this course is to train students with mathematical, statistical, financial and economic skills.

Why MBA in Actuarial Science?

MBA (Actuarial Science) provides students the proper guidance of applying the right techniques and methodologies (mathematical/ statistical) for calculating or assessing risks in finance and insurance. It enhances their critical thinking and improves their problem-solving ability. It also provides them the skills of risk management.

MBA in Actuarial Science Eligibility

  • Students applying for this course must have a Bachelor’s degree with a minimum of 55% aggregate (can vary).
  • An entrance exam (MAT, CAT, GMAT, etc) has to be cleared by students with the required score. [Note: Students are advised to check the acceptable exam with the respective university]
  • There are some which hold their own eligibility test on the performance of which students are admitted.

MBA in Actuarial Science Syllabus

Investment Mathematics Research Methods
Financial Analysis & Management Statistical Risk Models
Financial Models Probability Distributions
Managerial Economics Statistical Methods
Macroeconomics Life Models
Business Communication Corporate Finance
Actuarial Applications Dissertation
Risk Management Business Ethics
Insurance Products Professional Communication
Professional Communication Actuarial Application
Human Resource Management -

MBA in Actuarial Science Scope (Job Types)

1) Private Sector Career options after MBA in Actuarial Science

  • Actuarial analysts
  • Actuarial consultant
  • Risk analytic
  • Quantitative analyst
  • Business analyst
  • Data Analyst

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2) Private Sector Employment areas after MBA in Actuarial Science

  • Banks
  • Insurance Organizations
  • Research and Development

3) Public Sector Employment areas after MBA in Actuarial Science

  • Banks
  • Labour Union

Top Recruiting Companies

MBA in Actuarial Science Salary

Master of Business Administration [MBA] (Actuarial Science)Entry Level Salary (LPA)Medium Salary (LPA)Maximum Salary (LPA)
Data Analyst 3.7 5.5 10
Actuarial Consultant 9 13 20
Insurance Analyst 3.7 5.5 10
Financial Analyst 1.5 3.2 11
Actuarial Science

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MBA in Actuarial Science full details in Hindi || Top Colleges, Fees, Scope

FAQs about MBA - Actuarial Science

Q1. I want admission to an MBA - Actuarial Science. Do I have to clear any exams for that?

Ans. Delhi University Arts, AIMS Test for Management Admissions, Himachal Pradesh Common Entrance Test, Indian Maritime University Common Entrance Test), Delhi University Science is some of the exams that you can appear for to get admission in MBA - Actuarial Science courses.

Q2. What are the top colleges offering MBA - Actuarial Science courses?

Ans. Following are some of the top colleges offering Management courses: Indian Institute of Management (Kolkata) , Indian Institute of Management (Bangalore), S.P. Jain Institute of Management and Research (Mumbai) , Department of Management Studies - IITR (Roorkee), Vinod Gupta School of Management - IIT KGP (Kharagpur). You can explore these colleges on our website to check if they offer MBA - Actuarial Science or not.

Q3. What is the average fee for the course MBA - Actuarial Science?

Ans. The average fee for MBA - Actuarial Science is INR 5,00,000 per year.

Q4.What are the popular specializations related to MBA - Actuarial Science?

Ans. Some of the popular specializations for M.B.A. (Master of Business Administration) are Rural Development, Disaster Management, Information & Data Management, Public Policy Management, Hotel, and Catering Management.

Q5. What is the duration of the course MBA - Actuarial Science?

Ans. MBA - Actuarial Science is a 2-year course.

MBA Actuarial Science College in India

College/University Location Avg. Fees Per Year Admission Open

Latest Application Forms 2024 Sponsored

K.R. Mangalam University, Gurgaon Gurgaon
Shree Bankey Bihari Dental College Ghaziabad
ITS Dental College, Greater Noida Greater Noida
Alliance University Bangalore
Woxsen University Hyderabad
Bennett University, Greater Noida Greater Noida

MBA Actuarial Science Recommended College / University

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Applications for Admissions are open

K.R. Mangalam University, Gurgaon
Shree Bankey Bihari Dental College
ITS Dental College, Greater Noida
Greater Noida
Alliance University
Woxsen University
Bennett University, Greater Noida
Greater Noida
RV University
Desh Bhagat University
Fatehgarh Sahib
Guru Kashi University
IILM University, Gurugram
IILM University, Greater Noida
Greater Noida
Institute of Technology & Science, ITS Ghaziabad
Manav Rachna Dental College
Universal Business School
Chanakya University
I.T.S Engineering College
Greater Noida
International School of Management Excellence, Bangalore
Saraswati Group of Colleges, Mohali
GD Goenka University, Gurgaon
Geeta University
Anant National University
Nirwan University, Jaipur
Mangalmay Group of Institutions
Greater Noida
Lovely Professional University
Karnavati University
Bhojia Dental College and Hospital
Atria University
National Dental College & Hospital
Gokul Global University
Guru Nanak Ayurvedic Medical College & Hospital