Updated on Mar 20, 2025
Ahana Bhaduri
BSc Actuarial Science: Course, Admissions, Eligibility Criteria, Entrance Exams, Top Colleges, Fees, Syllabus, Top Recruiters, Jobs, Salary
BSc Actuarial Science is a 3-year undergraduate degree course, whose admissions are based on merit as well as entrance exams, namely ACET. The basic eligibility criteria to pursue a BSc Actuarial Science degree requires students to have cleared their 10+2 exams from a recognized board with an aggregate score of 65% and above.
The average course fees for BSc Actuarial Science range between INR 50,000 and 3,00,000. Some of the top job profiles that are offered to candidates pursuing BSc Actuarial Science are Financial Analysts, Risk Managers, Auditors, and Budget Analysts, with an average salary of INR 4 LPA to 10 LPA.
BSc Actuarial Science Course Highlights
| Parameters | Details |
|---|---|
| Full Form | Bachelor of Science in Actuarial Science |
| Duration | 3 years |
| Eligibility Criteria | Candidates must clear their +2 board exams with an aggregate score of 65% and above or an equivalent CGPA |
| Admission Process | Merit / Entrance exams |
| Entrance Exams | ACET (Actuarial Common Entrance Test) |
| Course Fees (INR) | 50,000 - 3,00,000 |
| Top Colleges | Amity University University of Mumbai Sri Balaji University, Pune Yashwantrao Chavan Maharashtra Open University Thakur College of Science and Commerce |
| Jobs | Actuary, Financial Analysts, Risk Managers, Auditors, and Budget Analysts |
| Top Recruiters | HDFC Bank, ICICI Bank, Mercer, WPS, and Max Bupa Health Insurance |
| Average Salary (INR) | 4 LPA - 10 LPA |
BSc Actuarial Science Eligibility Criteria
The list of eligibility criteria that must be fulfilled to pursue a BSc Actuarial Science course is listed below for your reference.
- Candidates must complete their 10+2 exams from a recognized board with an aggregate score of 65% and above or an equivalent CGPA.
- They must mandate a subject combination of physics, chemistry, and mathematics.
BSc Actuarial Science Admission Procedure
The admission process for BSc Actuarial Science at Amity School of Insurance, Banking, and Actuarial Science, Noida, is discussed below in detail for your reference.
- Candidates are first required to fulfill the eligibility criteria of clearing their +2 board exams with 60% and above aggregate along with 60% marks in mathematics.
- They are then required to register at their official website, portal.amity.edu/newonlineform/Candidate/SignUp, and click on the Apply Now option to begin their application process.
- They must then fill out the application form and upload all the necessary supporting documents.
- Once uploading the documents is done, they must pay the application fees and wait for the website to upload the merit list.
- If their name gets published on the merit list, candidates must then clear the GD/PI rounds, after which they will be considered to be selected.
- The final step to securing admission at Amity School of Insurance, Banking, and Actuarial Science for a BSc Actuarial Science course is by paying the requisite fees.
BSc Actuarial Science Important Documents Required
The list of documents that must be presented during the admission process for the BSc Actuarial Science course is as follows:
- Scanned copy of class 10th and 12th board mark sheets.
- Scanned copy of class 10th board admit card.
- Transfer certificate.
- Recent passport-sized photograph.
BSc Actuarial Science Entrance Exams and Application Deadlines.
The application deadline for ACET and the exam dates are tabulated below for your reference.
| Entrance Exam | Application Deadline | Exam |
|---|---|---|
| ACET | January 25 - February 22, 2025 | March 9, 2025 |
BSc Actuarial Science Syllabus
Tabulated below is the year-wise syllabus for the BSc Actuarial Science course at the Amity School of Insurance, Banking, and Actuarial Science for your reference.
| First Year | |
|---|---|
| Semester I | Semester II |
| Introduction to Principles & Practices of Life Insurance [Discipline I (Major I) / Minor Stream (Insurance ) ] | Introduction to Principles & Practices of General Insurance [Discipline II (Major II) / Minor Stream (Insurance ) ] |
| Actuarial Economics I [Discipline I (Major I) / Major (Core) (Actuarial Science ) ] | Actuarial Economics II [Discipline I (Major I) / Major (Core) (Actuarial Science ) ] |
| Fundamentals of Environmental Studies [Co-curricular Courses] | Analytical ability and digital Awareness [Co-curricular Courses] |
| Communication Skills: [Communication Skills] | Communication Skills: II [Communication Skills] |
| Foreign Business Language | Foreign Business Language |
| Open Elective Courses | Open Elective Courses |
| Outdoor Activity Based Courses | Outdoor Activity Based Courses |
| Second Year | |
|---|---|
| Semester III | Semester IV |
| Microfinance for Executives [Vocational Courses/SKE Courses/Industry Specific Courses] | Excel Skills for Actuaries [Vocational Courses/SKE Courses/Industry Specific Courses] |
| Term Paper [Supervised Independent Learning/Non-Teaching Credit Courses] | Fire Insurance [Discipline II (Major II) / Minor Stream (Insurance ) ] |
| Foundation of Regulation of Insurance Business [Discipline II (Major II) / Minor Stream (Insurance ) ] | Introduction to Health Insurance [Discipline II (Major II) / Minor Stream (Insurance ) ] |
| Introduction to Motor Insurance [Discipline II (Major II) / Minor Stream (Insurance ) ] | Practice of Group Insurance and Retirement Benefit Schemes [Discipline II (Major II) / Minor Stream (Insurance ) ] |
| Introduction to Risk Management [Discipline II (Major II) / Minor Stream (Insurance ) ] | Programming Skills using R & Python [Discipline I (Major I) / Major (Core) (Actuarial Science ) ] |
| Probability & Mathematical Statistics [Discipline I (Major I) / Major (Core) (Actuarial Science ) ] | Statistical Techniques & Research Methods [Discipline I (Major I) / Major (Core) (Actuarial Science ) ] |
| Introduction to Entrepreneurship [Co-curricular Courses] | Mindful Communication [Co-curricular Courses] |
| Individual Excellence & Social Dynamics [Behavioural Science] | Creativity for Team Excellence [Behavioural Science] |
| Foreign Business Language | Foreign Business Language |
| Open Elective Courses | Open Elective Courses |
| Outdoor Activity Based Courses | Outdoor Activity Based Courses |
| Third Year | |
|---|---|
| Semester V | Semester VI |
| Summer Internship [Supervised Independent Learning/Non-Teaching Credit Courses] | Database System Technology using SQL [Specialization Elective Courses/Discipline I/ Specialization Major (Core)] |
| Foundation of Actuarial Mathematics [Specialization] Elective Courses/Discipline I/Specialization Major (Core) | Life Contingencies [Specialization Elective Courses/Discipline I/Specialization Major (Core)] |
| Macro Creation with VBA Programming & Microsoft BI [Specialization Elective Courses/Discipline I/Specialization Major (Core)] | Basics of Reinsurance [Discipline II (Major II) / Minor Stream (Insurance)] |
| Engineering Insurance [Discipline II (Major II) / Minor Stream (Insurance)] | Fundamental of Life Insurance Underwriting [Discipline II (Major II) / Minor Stream (Insurance)] |
| Introduction of Cargo Insurance [Discipline II (Major II) / Minor Stream (Insurance)] | Principles of Finance [Discipline I (Major I) / Major (Core) (Actuarial Science)] |
| Financial Statements Analysis [Discipline I (Major I) / Major (Core) (Actuarial Science)] | Statistical Risk Modeling [Discipline I (Major I) / Major (Core) (Actuarial Science)] |
| Professional Ethics and Social Responsibility [Professional Ethics] | Foreign Business Language |
| Foreign Business Language | Open Elective Courses |
| Open Elective Courses | Outdoor Activity Based Courses |
| Outdoor Activity Based Courses | - |
BSc Actuarial Science Top Colleges
The list of top BSc Actuarial Science colleges in India along with their average course fees is tabulated below for your reference.
| College Name | Course Fees |
|---|---|
| Amity University | INR 1,05,000 |
| Lovely Professional University | INR 90,000 |
| Bishop Heber College | INR 97,000 |
| Yashwantrao Chavan Maharashtra Open University | INR 1,12,000 |
| Kavayitri Bahinabai Chaudhari North Maharashtra University | INR 17,000 |
| Amity School of Insurance Banking and Actuarial Science | INR 1,05,000 |
| Jain University | INR 1,24,000 |
| Chandigarh University | INR 60,000 |
| University of Petroleum and Energy Studies | INR 3,92,500 |
| NIMS University | INR 40,000 per annum |
BSc Actuarial Science Jobs and Salary
The table below describes the various job profiles, along with an approximate salary for each profile for your reference.
| Job Profiles | Fresher Salary (INR) | Average Salary (INR) | Highest Salary (INR) |
|---|---|---|---|
| Actuary | 2.50 LPA | 7 LPA | 15 LPA & above |
| Financial Analysts | 4 LPA | 12 LPA | 21 LPA & above |
| Risk Managers | 4 LPA | 10 LPA | 18 LPA & above |
| Auditors | 4.80 LPA | 12 LPA | 20 LPA & above |
| Budget Analysts | 3.50 LPA | 8 LPA | 17 LPA & above |
| Economist | 5 LPA | 12 LPA | 24 LPA & above |
| Cost Estimator | 3.50 LPA | 8 LPA | 10 LPA & above |
*Note: The source of the salaries mentioned above is Glassdoor. However, the salaries might vary from website to website. Experience and educational degree also contribute as deciding factors while determining the salary of a particular job profile.
BSc Actuarial Science Top Recruiters
The list of top recruiters for BSc Actuarial Science graduates is tabulated below for your reference.
| PwC Actuarial Services India | Mercer | HDFC Life |
|---|---|---|
| Ernst and Young | Swiss Re | Max Bupa Health Insurance |
| Deloitte | McKinsey Advanced Healthcare Analytics | SBI Life Insurance |
BSc Actuarial Science: FAQs
What is the total duration of the course BSc Actuarial Science?
The total duration of the course is 3 years.
What are the eligibility criteria for pursuing a BSc Actuarial Science course?
The basic eligibility criteria to pursue a BSc Actuarial Science degree requires students to have cleared their 10+2 exams from a recognized board with an aggregate score of 65% and above.
What is the minimum percentage required for pursuing a B.Sc. in Actuarial Science course in the 12th final examination?
Candidates aspiring to pursue a BSc Actuarial Science must score an aggregate of 60% and above or an equivalent CGPA in their 10+2 exams from a recognized board.
What is the salary after pursuing a BSc Actuarial Science course?
The starting salary for candidates after completing a degree in BSc Actuarial Science ranges between INR 3 LPA and 4.50 LPA.
What are the job profiles offered after pursuing a BSc Actuarial Science course?
Actuaries, financial analysts, risk managers, auditors, and budget analysts are some of the top job profiles and designations offered after completing a degree in BSc Actuarial Science.
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