MBA Actuarial Science:-  The scale and scope of education are constantly increasing. Instead of pursuing any generalized or traditional degree program students are going for specified qualifications in a particular stream which enables them to get better job options. After graduation, if you are searching for some job oriented management programs then MBA actuarial science could be a good option no doubt. This course is designed to enhance the overall ability of young graduates.

Since this curriculum is new in India it is not available in all the institutions. At present only some top institutions of the country are providing MBA actuarial science, which are-

• Shankarlal Khandelwal Arts, Science and Commerce College
• Bishop Heber College, Trichy
• Chidambaram Pillai College for Women, Trichy

A brief introduction of the subject

It is an advanced program that is conducted by the actuarial society of India in collaboration with the Institute of Actuaries which is situated in the UK. It is a full-time classroom course of 2 years having average tutorial fees of 10000 to 200000. It is beneficial for those students who have a deep interest in data analysis. It can provide pavement to those aspirants who want to establish a shining career in the financial sector. If a student knows the basics of computers and has some basic communication skills then he or she can complete this course easily.

Admission Procedure

We all know that in order to get admission in any MBA Actuarial Science course you have to appear in entrance exams that are conducted in our country. The scorecard of CAT, XAT, MAT, IBSAT, and NMAT is considered by various colleges for the admission.

Eligibility criteria

In order to get yourself enrolled in MBA Actuarial Science, you must complete graduation in mathematics or CS. On the other hand, Commerce or different Engineering graduates are also eligible to pursue this professional degree. The only condition is that you must have 55% marks in math at the graduate level and 85% marks at the 10+2 level.

Future opportunities

If you wanted to take a commanding position in any financial sector institute then this course is very beneficial for you. If you are pursuing MBA actuarial science then you will easily get the post of Actuarial Analyst, Actuarial Consultant, Risk Analyst, Business Analyst, or Quantitative Analyst in any well-known organization.

 Since this course is based on applied mathematics hence it provides numerous opportunities to the students' in the insurance and financial sector. Apart from that, if you are willing to go for further studies after completing Master of Business Administration Actuarial Science you can pursue a Ph.D. in mathematics, management studies or Business Administration. Even you can go for MPhil in management. The job market is constantly changing and the competition is increasing day by day. In such a scenario you need some special skills to survive in this corporate world and this course can help you to acquire them.