Is doing actuarial science worth in India?

Hi Siddharth, Actuarial science is course that concentrates on the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. Any one above 18 years of age with proficiency in mathematics and statistics can take up the course and become an Actuary. The candidate must pass 10+2 or equivalent. The course is globally recognized with mutual exemptions with a lot of other international actuarial institutes. A good grasp of basic mathematical/statistical concepts could prove beneficial. However, in the long run, your hard work and dedication would count the most. The work of an actuary involves a lot of number crunching and the nature of work is quite tedious, nevertheless it offers rewards in terms of intellectual challenge, status, job satisfaction and earnings. As their judgment is the basis of decision making for many business activities, their career paths often lead to upper management and executive positions. Traditionally, actuaries were found only in the life-insurance sector. However, with the opening up of the economy they are wanted by general insurance, health insurance, reinsurance companies, pensions and employee benefits, investment consultancies, risk management, banks, stock exchanges, private and government agencies. This is one field where demand exceeds supply. Which only increases career prospects in this field. Hope this information helps. Please feel free to revert. Wish you luck.

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