Actuarial science career

main Actuarial science ke baare mein bahut kuchh sun raha hu ke isme commerce ke baad accha career hai. yah kya hai? iske baar me detail me kaha dekh sakta hu

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hello, can i get help on this pls

Hello Sandeep,

Actuarial science is getting very popular now a days. Details are mentioned below.

Actuarial science is for :

  • Those who love playing with numbers
  • Those who want to analyze data

Actuaries have to analyze different types of data. They manage and calculate risks for the organization. E.g.
If you buy an insurance policy, these are the decisions taken by an Actuary.

  • How much yearly amount to pay.
  • Total amount to be paid and for how many years.
  • Amount you will receive after maturity of policy.

To become an actuary:

1.Take the Actuarial Common Entrance Test (ACET).Entrance exams held in 3 times in a year.
This test can be after 12th with Mathematics or graduation/post graduation

2.Clear Stages of Actuarial Science:

      Stage1: Core Technical 
      Stage2: Core Application
      Stage3:  Specialist Technical
      Stage4: Specialist Application

Actuaries jobs are very high in demand some sectors are :

  • Healthcare
  • Banking
  • Insurance
  • Investment
  • Government
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thank you mam

main Actuarial Science aur CA ke beech antar jaanana chaahata hoon, kise chunana hai?

Hello Sandeep,

CA: They are responsible for the accounting the financial transactions of a company/organization that occurred in the past.
Actuary: They are responsible for predicting the financial impacts that may or may not happen in the future.

Sr.no. Course CA Actuarial Science
1 No of Levels 3 levels of Exams 4 stages
2 Entrance Exam Chartered Accountant Common Proficiency Test (CA CPT) Actuarial Common Entrance Test (ACET)
3 Min Duration Minimum duration through Foundation route is 4.5 year and 3 years through direct entry Minimum duration to complete the course is 5 Years
4 Max Duration Maximum duration to complete the course is 5 - 6 Years Maximum duration to complete the course is 8 Years.
5 Entry After 10+2 Foundation Route: Students must have completed 10+2 with 60% with Mathematics Students must have completed 10+2 with 85% Statistics and Mathematics.
6 Entry After Graduation Direct Entry: Students must have completed Graduation with Mathematics Students with 55% in PG or UG degrees in Mathematics can also apply.

I hope these above mentioned details of both courses will help you decide your course.

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