BSc Actuarial Science Admission 2024: Eligibility, Salary, Syllabus

GaganDeep

Senior Content Specialist | Updated On - Apr 20, 2024

The BSc Actuarial Science is a 3-year undergraduate course which includes the theory and the applications of actuarial science. Actuarial science is a branch of scientific analysis based on mathematics and the statistics. It is applied widely in finances insurance and other industries to asses and measure the uncertainties.

The course teaches the modules of mathematics, statistics, economics, accounting, and finance are all incorporated in order to build on the basis of strong quantitative skills. More examinations follow that are actuarial in nature. Advanced mathematics, probability models, probability theory, loss models, credibility theory, as well as other sophisticated statistical techniques are usually involved in these exams. Basically, the focus of this course is on the use of particular software in part practical and part experimental work.

BSc Actuarial Science Highlights 2024

B.Sc Actuarial Science Admission Process

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B.Sc Actuarial Science Eligibility

1. 10+2 or equivalent from a recognized board having Mathematics as one of the major subjects. This exam should also have had at least 60% marks in Maths.

2. At least one university may demand that you had an aggregate at least 50% / 60% in your 10 + 2 exams.

3. Successful completion of relevant entrance exams such as CUSAT CAT, BVP B-CAT admissions are on merit basis, while others may give direct admission owing to 10+2 results.

4. The characteristics of a good logical reasoning, analytical skills and the specific quantitative abilities are among the fundamental of actuarial science skills since the discipline is based on complex mathematical concepts. 

5. English language proficiency is a must as it is the key language in academic communication channels.

6. Parents usually look for students who have a background in commerce/science and perform well in Maths. 

7. Physical fitness certificates may also be necessary as a condition for admission in some universities and colleges.

B.Sc Actuarial Science Entrance Exams

SAT: Major exam on a critical reading, maths, and writing skills, which may be a requirement to taking BSc Actuarial Science in America.

ACT: A second test, that served as an entry requirement, measuring proficiency in English, Mathematics, Science and Reading skills, was one of the accepted screening methods for students interested in BSc in Actuarial Science degrees by many universities.

UCAT: UK universities have developed a range of Tests covering these aspects and these generic tests are used for shortlisting Actuarial Science applicants based on their cognitive abilities, critical thinking, and decision making skills.

MAT: Many British universities even demand these tests. For this reason, maths entrance test is inevitable for most BSc Actuarial Science applications.

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B.Sc Actuarial Science Syllabus

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B.Sc Actuarial Science Course Placements

After completing a Bachelor of Science (B.Sc) (Actuarial Science) degree, graduates may pursue a variety of career paths in various sectors, including insurance, finance, consulting, and risk management. 

B.Sc Actuarial Science Course Jobs and Salary

Graduates with a Bachelor of Science (B.Sc) in Actuarial Science are highly sought-after by employers in various industries due to their expertise in risk assessment, financial modeling, and statistical analysis.