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1. An actuary has to combine the skills of a statistician, economist and financier and employ techniques of probability, compound interest, law, marketing, management etc to predict the outcome of future contingencies and design solutions to lessen the financial severity of such events.
2. An Actuary works in LIC, GIC, ESIC, Banks, Stock Exchanges and other financial institutions controlled by Govt. & Private bodies.
3. A number of universities offer UG and PG courses in actuarial sciences.
Graduate Courses:-
B.A (Insurance)
Bachelor of Science in Actuarial Science
Eligibility: Candidates who wish to pursue a Undergraduate in actuarial science or a certificate course in actuarial science should have a pass class in the XII standard.
Post Graduate Course:-
M.S.C in Actuarial Science
Master's program in Insurance Business
MBA in Actuarial Science
PG Diploma in Certified Risk and Insurance management
PG Diploma in Insurance/Actuarial Science
Eligibility: Candidates who wish to go for PG courses should have Bachelor's degree.
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The M.A. in Human Resources Management and Labour Relations (HRM & LR), programme (formerly known as M.A. in Personnel Management and Industrial Relations), offered by the School of Management and Labour Studies, is designed to develop students into professionally competent and socially sensitive management graduates, fully equipped to take on the challenges of the corporate world. This programme presents an outstanding prospect to explore the critical areas of contemporary human resources management, in concert with a comprehensive knowledge and understanding of the key functions of management and business. The broad objectives of this M.A. programme are to sensitise students to the social, political, economic, and ecological environments of the society; to enable students to become effective business leaders and decision-makers to contribute to organisational effectiveness; to facilitate the use of systems thinking among the students to evolve possibilities while addressing various personal and organisational challenges; to develop a global perspective among students to respond to global challenges; and to impart values of intellectual honesty, justice and fairness. The School has undertaken a major restructuring of its curriculum to realise these objectives while responding to the changes in the external environment and in consonance with the mission of the Institute.
The programme places importance on both theoretical and hands-on learning. While classroom learning through participation in the forms of discussions and case studies, presentations, simulation games, assignments, etc., emphasises conceptual clarity, practical inputs are provided through the rigorous field work system, which complements the classroom inputs by throwing light on the practical dimension of the profession. The insights that emerge out of such an experience make students conceptually strong and successful in practice of the profession. All these, coupled with the focused attention that students get owing to the small size of the batch, makes personal learning highly effective. Field work is a continuous process, which seeks to facilitate student's exposure to varied industry sectors. Besides field work, students also undertake internships with organisations for a period ranging from 6-8 weeks, which is seen as an opportunity for the student to learn significantly from, and contribute meaningfully to organisations.