Actuaries are among the highest paid professionals today. Actuarial Sciences are often called financial astrologers applying statistical methods and mathematical skills to determine level of risk in finance, insurance and other professions. Endless opportunities, assurance of high salary and high job security are some of the reasons why actuarial sciences is emerging to be a sought after career option. An actuary may specialize in health insurance, life insurance, property and casualty insurance or pension and retirement benefits. It is a field that requires intense numerical and statistical knowledge. An actuary has a fellowship of bodies like Actuarial Society of India (ASI) Mumbai/ Institute of Actuaries London. Many universities also offer graduate degrees such as B.Sc. in Insurance, or in Actuarial Science and post graduate degrees like M.B.A. in Actuarial Science, or Diploma Courses in Actuarial Science. Top recruiters in this sector include Insurance Companies, Banking Companies, and Government Bodies & Consulting Companies. Trending Field: Health Insurance, Life Insurance
How Does Your Education Pathway Look Like?
A degree in Actuarial Science is usually 3 years long.
But wait, you’re not done yet! Graduating with an undergraduate degree in Actuarial Science does NOT mean that you are a qualified actuary.
In order to be a certified actuary, you will need to further your studies by taking professional exams. The process of becoming a certified actuary can be 3 – 7 years long.
Some of the institutions that provide professional exams are:
- Actuarial Society of India (ASI) Mumbai
- Institute of Actuaries London.
- Society of Actuarial (SOA), USA
- Institute of Actuaries of Australia