MBA Actuarial Science Course Highlights

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

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

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MBA in Actuarial Science Salary

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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.