What is Actuarial Science?
Actuarial science is the application of mathematical skills to social sciences for solving the important issues for insurance industry, government, business and academic research. Actuaries use statistics to predict uncertain events such as insurance policy income, pension scheme payouts and stock market performance. Being actuarist is a good insurance for those who look at numbers, know how to analyses risk. Are you the kind of person who loves crunching numbers and solving mathematical problems? If yes, the unusual profession of an actuary is for you. A foreign degree in it is only going to appreciate in value. Actuarial science is the discipline of applying advanced mathematical and statistical modeling software techniques to assess risk in the insurance and finance industries, to forecast the cost and probability of an event. According to the latest survey conducted by government of India, the demand for professionals in the actuary segment will see a 26% growth between 2012 and 2022, much higher than average. Actuarial science professionals are among the highest paid in India, the US, the UK, and New Zealand. Their annual average salary in India goes up to Rs 66 lakh, and their demand is going to increase in the coming years.
Why Study Actuarial Science?
One should consider studying actuarial science at university. If one is interested in the mathematics of finance, probability theory, statistics, finance, economics and computer science, and has a particular strength in mathematics. A growing number of universities are beginning to offer the course and career prospectus at the end of your studies are bright. The demand for actuaries exceeds supply currently, so one could reasonably expect to enter well-paid jobs.
- Industry Oriented Curriculum Comparable with World’s Top Universities
- Flexible Choice Based Credit System (FCBCS)
- Project Based & Experiential Learning
- More Than 70 Open Electives To Pursue Inner Delight
- Advanced Technologies & Integration For Premium Placements
- Chandigarh University Scholarship Admission Test (CU-SAT)
- Merit Based Scholarships For Academic Session
- Scholarship Scheme For Wards Of Defence Personnel Armed Forces Educational Welfare Scheme (Afews)
- Sports Based Scholarships/Freeships
- Other Important Scholarship Schemes
Eligibility & Fee Details
Eligibility - 10+2 examination or its equivalent with minimum aggregate of 50% marks (45% in case of SC/ST category) alongwith one of the following subject: Mathematics/Business Mathematics.
|Semester Fee||35000/- INR|
|PARAMETERS||CUSAT SCHOLARSHIP AMOUNT||AMOUNT TO PAY AFTER CUSAT SCHOLARSHIP|
|100% of semester fees
Top 1% students on the basis of merit
|50% of semester fees
Next 2% students on the basis of merit
|17500/- INR||17500/- INR|
|25% of semester fees
Next 3% students on the basis of merit
|8750/- INR||26250/- INR|
|10% of semester fees
Next 4% students on the basis of merit
|3500/- INR||31500/- INR|
* The students who will score 60% or more marks in CU-SAT will be offered at least 5% scholarship in the course fee.
|OTHER FEE DETAILS||AMOUNT|
|Refundable Security (One Time)||2000/- INR|
|Fee Regular Exam (Sem Wise)||1500/- INR|
|Alumni Fee||To be charged in the pass out year|
|Participation in Red Cross||Optional|
LEVEL OF STUDY :
Pathway After Non Medical
Upon completion of Bachelors of Science in Non Medical, one can either opt for higher studies or can take-up a job in either public or private sector organization. This outset opens thriving opportunities for the candidates in the diversity of areas including teaching, research & development, IT companies and more.