Career in Actuarial Science - Nikhil Gupta, FIA, FIAI
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- Опубликовано: 23 янв 2025
- Live Interview of Nikhil Gupta on Career Café - Lok Sabha TV on Career in Actuarial Science
Nikhil is a qualified actuary from the Institute & Faculty of Actuaries, UK, and the Institute of Actuaries of India. He’s a recipient of Meena Sidhwani award from the Institute of Actuaries of India which to date has been awarded to only 8 actuaries in the history of the profession in India. He was also the first recipient of Vipin Sareen Scholarship from India when he went for higher studies to London.
He is currently working as Appointed Actuary with RSA Insurance Middle East and is based in Dubai, UAE. In his previous assignment, he was the Appointed Actuary of the Oriental Insurance Company Limited and was the youngest individual who was appointed in General Manager Cadre of a Public Sector Undertaking. His global experience of over 12 years having worked in London, Singapore, UAE and India has helped him build an expertise in various domains of Investments/ General Insurance Industry viz. reserving, pricing and asset liability management.
Nikhil has done his Masters in Actuarial Management from Cass Business School, City University, London and Electronics and Communication Engineering from Delhi. He is an alumnus of Mayo College, Ajmer.
Despite the challenges of being in a very accountable and senior role, he finds time to pursue his leisure interests like playing golf, teaching and travelling across the world acquainting himself with new people and cultures. He also taken keen interest in topics relating to personal finance and finds time out to speak on ralted topics on various forums.
Nikhil Gupta, is very modest and down to earth person in spite of his exceptional career track record. I was fortunate in meeting him at GCA - 2013. Wish you Best of career Nikhil.
+Vamshi Krishna Thanks for your kind words
The lady really asked very pertinent questions. Good interview.
Excellent interview with a lott of knowledge
I would recommend passing acet first and then giving CT series through the Institute. Don't go as a fresher to UK for higher studies, preferably after few years of work experience.
What is the scope of Actuaries after 5 years because Automation is taking place very fast in many industries?
Snehal Sakkargi accounting has to die first. Actuarial science will need to widen the scope and still the skills would be required to develop the platforms to automate the work.
Till then, there is enough work in the profession.
what is more complementary with acturial science Bcs or Bsc in statistics
I have just passed 12 standard and i want to prepare for acet entrance exam but i cannot find any book in market
You can receive the material from the Institute by registering for the exam.
Sir do we need to take any coaching for cracking ACET.. secondly do we need any degree after class 12 to opt for actuaries.Thankyou.
Coaching is not mandatory for ACET, it's all basic knowledge. There is no particular specification for any degree for actuarial science.
Thankyou sir.
Sir how many paper should we study for actuarial science while engineering in a year...For comfort and balancing college too??
2 papers should be good.
sir i have recently completed ca -cpt exam and preparing for ipcc and want to persue a cource with a ca is acturial a prefer for me since i have qualified acet
I would recommend completing one course at a time. It'll be quite challenging to pursue CA and Actuarial Science simultaneously. My suggestion would be to prioritise among the two and complete it with full dedication.
All the best!
thanks sir
Hii nikhil,
which computer programming languages do we need to know before applying for an acturial job as a fresher ??
There is no pre-requisite, however VBA and SAS would be a big plus on your CV.
Fornikhil thank you so much sir !!
what type of maths is there in actuarial science?
Probability, Statistics and Calculus... Extension of Class XII Science stream mathematics.
I have done MBA finance and 2 yrs of experience in kpo. As it's took time and requires lots of knowledge do there have any companies to work and complete the course?
Hi Suchit, most of the companies employing actuaries have a study support program whereby you get leaves for studying, exam fee reimbursement and increments on passing the exams. So you can start applying for jobs and in the mean time, you can appear for exams on your own.
Fornikhil which companies?
Hello. Congratulations for your success. I am in final year of BE(E&TC) and I am an actuarial aspirant, appearing for ACET this april. I would like to ask to the above statement you have mentioned,:- Most of the people whom I have met till date, who have cleared 2-3 papers or even all the CT series cleared, they are suggesting me to go for UK than India because they say that papers of IAI are tough than IFoA UK and so on. What would be your suggestions in this regards, preferably to me who is starting his career in actuary in his final yr of graduation??
My recommendation is to pass atleast the CT series while being in India before thinking of going overseas. You can appear for both the India and UK actuarial exams while being in India. In today's scenario, getting a job overseas without qualification is quite challenging, so do take utmost caution in deciding whether you want to go overseas.
Thank you very much for your reply sir. Your suggestions will surely help me.
i have just completed the msc economics degree, how can i break into the actuarial science profession
First appear for ACET and once you have passed, you may start appearing for the examinations.
Nikhil sir pls tell about salary of actuary In India Who is freshly qualified now with 3 years work exp. ?
can practising cma provides services of actuary in their practising after pass and become actuary. please tell me sir as soon as possible.
Yes, you can after obtaining the certificate of practice from Institute of Actuaries of India.
hello...
sir....
i am commerce
i am b.com commerce student ( honours 1st year in accountancy and finance ).
i am good in accounts and i like a maths....
in maths i got 51 in class 12 ( commerce ) ( becuase cbse paper of 2016 was tough ).
can i opt for actuarial science....
or opt for cfa or frm or mba in finance.
and how much time it take to become a actuary with fellowship....
and how's the life of actuary and
thank you sir...........
and money required to
complete to complete the whole actuarial science....
and how to opt for it. and how to gather materials for it.
Please refer to Institute of Actuaries of India website for all details about the profession, fee and life of actuary.
Can we give CT paper whenever we want or whenever we are ready to give
Hi Nikhil,
I am a fresh 2016 graduate with 4 papers viz. CT-1,3,5,6 and am having a tough time finding a job as the openings are much less than the number of students today.
So, could you please suggest me what to do in the mean time while I get suitable job.
Should I give a break to my paper progress and wait for the job, or keep taking papers in the mean time?
Thanks in advance.
Hi Dhruv, You are right in saying that the demand-supply has changed significantly compared to previous years. Since the students have increased, and a lot of them are clearing CT series while in college, it's not advisable to stop the exams. Keep giving the exams and looking for a job simultaneously.
Thanks for your valuable words sir, really appreciate that :)
Could you please advise me the maximum number of exams can I take before I manage to get a job?
There is no minimum and maximum exams criteria. It all depends on your knowledge and attitude while giving an interview.
+Dhruv Vijra where do you live dhruv
Hi,this is probably a dumb question,I'd like to know if there have been cases of ppl outside the UK you know of or heard of who got scouted or hired by co.s in the UK while going through the (IFoA) CT series or after they completed it?Second question is how realistic is it to write more than say two exams during one of the two days tht these exams are written in a year,what i mean is how realistic is it to write say more than 2 CTs during one exam period?I ask this because I have a mathematics and statistics degree and doing computational finance at the moment,so i went through the topics of the CT series and I'm familiar with the majority of them and some of the things seem far too managable.
Thank you!
Generally it's difficult to get a job in UK while being overseas for students. Once qualified, it's relatively easier.
For your second question, I would say if it's easy for you, you may take even 3 exams. However with the difficult ones, I would advise not taking more than 2.
All the best!
महोदय आपका बहुत बहुत धन्यवाद
Sir if I had stammering problem
And we know communication plays a very important part of actuarial science.
So Sir should I pursue actuarial science or not...
Mayank Modi try working on stammering, else it might be a bit difficult.
Sir how is bsc applied statistics and analytics and continuing actuarial science course
So should choose this as a career option plzzz guide me thank youi
It's a good option. Both would be complementing each other.
If I choose bsc statistics then
Shuchi Bansal thank ypu
Bsc Statistics is also complimenting.
@@Fornikhil sir please make video on best practices for actuaries profession ..how one should go after +2
Like which country pays best ..and no difficulty in getting internships ..isn't a co op grad program in canada is good ?
What programming languages to learn ..best firms ..and scope for being independent consultant ...and what to do in case of queries
Is there any class room study for this
@Fornikhil sir can someone get a job even after just clearing the ACET if the person has solid maths understanding and great communication skills?
Dear sir,
Thank you for your invaluable guidance to actuarial aspirants like me. I would like to ask you one of my major queries. I've passed CT3 from institute of actuaries of india and i've completed my graduation in commerce last year. I'm planning to do my masters next year. I want to ask you that whether i should pursue MA in economics next year from delhi school of economics, which is one of the best and reputed colleges of our country or should i just concentrate on giving actuarial exams & securing an actuarial job. It will be really helpful if you could give me your advice on this.
DSE would help you hands down in your actuarial journey as well. Not many people get this opportunity. You can continue giving exams simultaneously or after completing MA Eco.
Thank you so much sir for solving a major query of mine. There is just one more query i wanted to ask. Will the 2 years spent in completing the MA eco course at DSE value more than 2 years of actuarial work experience ? Since there are a few companies here in delhi that employ students with one actuarial exam passed for which i am eligible.
hello sir! i am a student of du pursuing b.com hons(1st year) at the present moment. i want to do acturial science along with it it but i am a bit confused between acturial and mba from abroad. I want to go to abroad(singapore or dubai or austrailia) after my graduation either for work or for higher studies . Is there any way so that i can go to abrod while doing my acturial science?.
It's very difficult to go abroad while doing exams as there are quite a few students in overseas market as well. Its generally feasible only after a few years of experience in Indian markets.
Sir from which institute i can start my career lader to become an actuary
IAQS offers University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance which can be pursued after 12th grade. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
Dear Sir,
I am working as an insurance underwriter at The New India Assurance Co Ltd, with an experience of 3 years. Please guide me if it would be helpful for me if I persue Actuarial Science, thank you.
hi i have heard that nw its getting difficult to get a job as an entry level Actuary?
Yes, entry level jobs is getting quite competitive. Read my response to Dhruv above.
Hi Nikhil
I had been working with a general insurance in India for a year now and had cleared 2 CT's. I wish to look for opportunities in abroad. Is doing MSc in Cass Business School help me regarding it? Are there any placements sort of thing after completion of studies in Cass. How many of the non-European students are placed in UK from your course?
Thanks
Hi Rahul, I would advice completing the exams while being in India as opportunities overseas for students are quite limited. Companies generally prefer sponsoring qualified actuaries.
I have only 40 marks in maths, but I have 8.9 CGPA in mechanical engineering. can I able to pursue actuary' from ifoa(UK)?
Harsh Patel yes of course
Yes.
Sir how much is actuaries difficult than engineering... and how much was it difficult for you to study the subjects that were not in engineering like economics...
Thank You Sir.
Certainly, Actuarial Science is difficult than Engineering. However, in engineering, you are more or less doing complex mathematics which makes it easier to follow the mathematics in actuarial science. Economics is generally available as an elective course in most engineering programs, and thus that too helped.
Even financial mathematics is there as one of the subjects in engineering in which Actuarial Science helps.
Hi Nikhil... i have cleared 3 papers, 1, 7 and 9. i am giving 2 & 3 and have experience in pensions for about 2 years. currently working with Mercer. what are the prospects for me to move to general insurance. can i get job in public insurance co.s and what is the way out??
Hi Anupan, you can apply for public insurance companies through their annual recruitment process. They have a written test, followed by interview. Keep an eye on their websites as they do publish the dates quite in advance for the recruitment process.
As far as moving to general insurance is concerned, companies might prefer candidates who have passed CT6. There are no set rules for recruiting as such, keep applying to various job postings which are published.
All the best.
Hi,PLease suggest from where to start for Actuarial I am B.Tech graduate
Start by applying for ACET on Institute of Actuaries of India website.
Hi nikhil
I have completed my engineering...and want to pursue my career in actuarial science. can you suggest on which one to choose IAI (ACET) OR by IFOA london?
Thanks in advance
Go for both. Since syllabus is same for both the institutes, you can appear for exams from both the institutes which increase your chances of passing as well.
All the best!
I am doing actuaries from IFoA, will there be any problem? Sir do you have a LinkedIn profile? If yes can I get it?
Hi Honey, there's no problem at all pursuing exams from IFoA. My linkedin profile is: www.linkedin.com/in/fornikhil/
Can u tell me how to give papers from ifoa....and which bachelor degree is best....
im from zimbabwe n jus finished my A level course studyng PURE MATHS , FURTHER MATHS ,PHYSICS and CHEMISTRY, my dream z to study actuarialscie n im lukin fo international scholarship, any info dat can help me plzz
Hi, you may have a look at www.beanactuary.org/how/?fa=scholarships for US scholarships, www.cass.city.ac.uk/courses/masters/funding-your-study for Cass Business School, London. You may also look for universities offering actuarial science and if they are offering scholarships
+Fornikhil thank you soo much let me try my luck
I am an Engineering graduate in Computer Science with the CGPA of 6.53. I want to take up the course in M.Sc(Actuarial Science) from Cass Business School and I will be giving ACET this May as well. Will it be worthwhile studying in Cass? What path shall I follow? Please guide me.
There's no harm in pursuing MSc at Cass. However be mindful that getting a job as fresher in UK is quite difficult and thus only go with the expectation of studying and not finding a job after course. That should be an added bonus only. Otherwise, I would recommend, clearing ACET and appearing for exams from the Institute. Simultaneously, look for a job and clear exams while working. All the best!
Thank you for the advice. That's what I have decided. I'll probably go for M.Sc. in Actuarial Management after clearing CT series and some work experience.
Can i choose any bachelor's degree as complementary
IAQS offers University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance which can be pursued after 12th grade. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
Good Evening Sir, I am here a commerce graduate aged 33. Thank You very much for the basic guidance. How can i start preparation for my entrance exam here in Ahemdabad ? I m even ready to move anywhere for studies. Please guide. Thank You.
Firstly you would have to prepare for the ACET entrance examination. Once you have passed ACET, then you can start appearing for the exams. You may study the first few CT series examinations on your own and no need to move out immediately. Depending on your exam success, you would need to anyways look for a job and move accordingly if you don't find any actuarial job within your city.
All the best!
+Fornikhil Thank U very much for your Guidance .....
sir, I am pursuing MBBS from government college. Plz tell me is it worthful to clear all papers of actuarial science before getting medical degree from college and get job as actuarist?
MBBS kar rahe ho toh Dr. bano, insurance sector mein ja ke kya karoge?
Don’t sail in two boats. Decide one path and focus on it.
@@Fornikhil this year i passed class 12 score 82 in maths and 90% aggregate am i eligible
Thank u
Glad you liked the video.
hello sir, i have completed BSc Mathematics from delhi university this year and also cleared 1 paper and i ll be appearing for 2 more in the coming September diet, i am little bit confused about which would be better, should I go for a masters degree in Statistics or Economics OR should I solely concentrate on my Actuarial science papers and take up a job, what would you suggest?
secondly, my aim is to clear all 15 papers, so does a masters degree would make a difference or bachelors degree is enough?
If you can remain disciplined and dedicated towards clearing all exams, then there isn't any need to do any other degree. Taking up a job and simultaneously clearing exams would help you in the long run.
Just remain focused and don't give up mid way.
hello sir,
I have cleard ACET.
I am goinf to give 3 papers now.
On completion of 3 papers can I get trainee job in UK.
Hi Senthil, It's quite difficult to get a job overseas without qualifying. Focus on clearing exams and get work experience in India.
sir i want to know about cass business school ? can you help me out with it?
im an alumni for actuarial management and its meh.
You would find all details on their website. If you have any specific question, feel free to post it here.
Hi sir,
I am 11th class student, science stream,physics chemistry maths, i have interest in maths, can i join actuaries, if yes, what path you'll advise, should i purse UG, if yes then in which subjects, i m confused as to should i prepare for jee or actuaries, please help, Thanku.
Hi Arun. If you have keen interest in mathematics, you can certainly take up actuarial science. You can appear for ACET after 12th class and then do UG in statistics or mathematics.
It'll be better if you decide between jee and actuarial science sooner than later. Both are ivy league, but its more about your interest. Read more about actuaries to make a decision.
All the best.
Fornikhil thank you sir
Hello sir,
I vnt to ask one thing I have completed my graduation degree (correspondence)last year from Delhi university Nd cleared 4 exams of CT's nd m preparing for d interview bt I vnt to know dt correspondence course vld not be helpful?? bcoz I heard lots of people saying dt company wants regular candidates ....please really need your advice
There are no set rules, it mostly depends on the way you communicate and answer the interviewer's questions. There have been instances where companies have hired students without any papers as well.
sir but I heard dt companies didn't consider those CV'S
Hi Nikhil,
Is age a deterrent for pursuing a career in actuarial science, would it be advisable for 40+, if yes then your advice is solicited. thanks
There have been examples of people starting around your age in the past. However, in the current scenario where's there is a lot of influx of young talent, getting a suitable role might be a challenge. Thus do think about the employ-ability before giving it a shot! No knowledge goes waste! All the best.
sir which graduation programme will be good if i want to opt for acturial science ?
Also how will it be beneficial for me if i decide to leave tests in between.
From Where should i do this programme if i live in jaipur?
I am a commerce maths Student appearing for 2016-17 board Exams
Graduation in Statistics is generally complementing to actuarial studies. You can do your graduation from any reputed colleges either in Delhi or Jaipur or elsewhere where you feel comfortable.
There's no harm in leaving exams in between but generally not advisable. However, if actuarial exams clash with university exams, then certainly give preference to university exams.
Thank You very much, Sir For the reply. May I ask that will how graduation in statistics will help me other than the Actuarial Profession.
sir is there any age limit
and by doing any govt job is it possible to persue actuarial science
No there's no age limit
There's no age limit.
Yes, you can pursue actuarial science while doing any govt. job.
Sir I will be clearing my 12th standard by the next month.... If you could guide me on how and from where to pursue this course,it will be helpful???
IAQS offers University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance which can be pursued after 12th grade. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
Sir actually science ka paper recheck hota he kya
Yes. You can get the exam re-evaluated if you're not happy with the result.
Sir, my query is, since you are an Actuary based in UAE, can an Actuarial fresher from India get direct opportunity in UAE?
It's very difficult given the slow market conditions at the moment.
Hello Sir! The interview was enlightening for me. I am currently doing CA. Wrote my CA Final exams in May 2016. I wanted to ask you about the new ACET syllabus, how tough is it, is there any coaching required. Because it has been five years ever since i appeared for the class 12 Math Exam.
P.S. : I am unfortunately hoping to write the CA Final exams again in Nov .
I would recommend finishing your CA exams first. Then you may focus on ACET. Institute's website would give you all the information about ACET.
Can 10+2(Arts) without Maths & B.A without Maths,Statististics,Economics can give ACET exam ?
Anyone can give ACET
Sir is it okay if I take up Stats(h) from DU and give actuarial science papers side by side?please reply
Yes, its a great option
@@muskaansharma3182 thank you for replying...
Du or ISI kolkata?
Honestly I haven't heard of ISI Kolkata. Preferably DU because it has a name of it's own.
Yes, Stats(Hons) goes very well with actuarial science.
Sir I am taking maths hons from du is it going to work to be an actuary pls reply sir
yes! I have also done Maths Hons from DU and pursuing Actuaries.
@@anujjakhotia3247 how far have u reached and how much is maths Hons useful ?
@@shambhavimaurya6578you can check my profile on LinkedIn and Maths hons is entirely different.
It’s complementary to Actuarial Science and thus helpful.
Hi Nikhil, congratulations on your success .I want to ask couple of questions. I am a newly qualified CA, now i am aspiring for CFA and expecting level 1 result in this month.I am also going to appear in FRM examination both groups in Nov 16. I have heard that if someone has CFA and FRM charter then his11 papers got exempted out of 15 paper by London school of actuaries .If someone got charter by this method his signing capacity is same as someone who cleared 15 papers ? If i am member of London society then can i become member of Indian society too ? and last one is what is major difference between FRM and actuaries ?
Thanks..
Hi Rohit, I just realised that I had missed out on replying to you. My responses go as below:
CFA (I, II & III) would give exemption from 5 CT subjects: CT1, CT2, CT3, CT7 & CT8.
Being a CA, you would get exemption from one ST subject, you'll be given a ST0 pass and thus you'll have to appear for only one other ST subject.
FRM would also make you eligible for ST0 only.
Thus you'll get 6 exemptions, rest you'll have to appear from the Institute.
For further details on exemptions, refer: www.actuaries.org.uk/studying/exam-exemptions/how-apply-exemption/exemptions-based-other-professional-qualifications
Yes, if you're member of IFoA, UK, you can become member of Indian Society too.
FRM focuses on Risk Management whereas Actuarial Science focuses more on estimation of future financial outcomes. Risk management is one of the many things that Actuaries do. Thus you should decide the scope of what level of depth you want to cover and which area you would like to work in. They are not competing professions.
All the best!
many thanks
Hello sir
This is Radhakrishna I'm an B.Tech graduate I don't know how to start become an actuary but I have much interest in mathematics and statistics so please tell me what's next after after clearing ACET
As soon as you clear ACET, you can start appearing for the CT series exams. You may start with CT1, CT3.
Hi Nikhil,
I am B.E. Graduate in Information Technology and working with an I.T. Company for the past 2 years.
I am looking to pursue acturial science as a career option so can you help me with the path forward in this journey of pursuing this course and whether my professional working experience would be of any advantage ? As I.T. and acturial science are completely different?
depends on what you do. actuarial science is, in a nutshell, a branch of applied math that utilises various areas of statistics and probability theory to model insurance and pension business (traditionally as now a days there's a wider use for actuaries) and help making decisions in these businesses. some examples of things you will deal with often is stochastic modelling , generalized linear model, asset liability modelling. the part that that IT kicks in is often times, calculations and modelling will be done via statistical programming languages like SAS and R. obviously you can do the same things via languages like C/C++/C# so it will be easy to transition.
Hi Saurabh, they are different but it doesn't stop you from pursuing actuarial science. I myself am an electronics and communications engineer. Your experience will not be directly valuable but anyways you have just started your journey, so wouldn't matter a lot. All the best.
Hello Sir Dheeraj Soni here , I am in 12 std from Comm.Maths Stream;
IS there any difficulty for respective stream student to qualify Exams?
What are the Academics Requirement for A student Of 12 Class?
Also I would Like to ask Can I Get a Job after clearing 3 Papers For CT Series?
Is It Necessary to complete all the exams for being a actuary OR Just Go through Only The frst Two Series
You'll be qualified as an actuary only after completing all the exams. Getting a job is not only dependent on the number of exams but also your overall aptitude. In today's date, it's difficult to say that 3 papers would be sufficient to get a job as many students are able to complete CT series while in graduation.
Hlo sir I have done bsc in physics chemistry and mathematics should I pursue msc acturial science plzz sir help ?????
You can if you're serious about doing the profession. However, since you've to pass Institute's exams, it might be worthwhile to study for the exams as MSc would not help in getting exemptions.
Hello sir,I have cleared my 12th and taken Plain Bcom can I pursue actuaries
Yes you can. You'll have to appear for ACET first. You'll find all details on IAI website: www.actuariesindia.org/
I’m working in as an administrative officer in National Insurance , I’m a BTech engineer . I wanted to pursue actuarial science for future ... could you please guide
Let me know if you've any specific question.
Hello ,sir I am 27 year old engineering graduate , currently working in a insurance company in sales department, will achury science exam help me,to get a better position in insurance sector
Yes, it will and you can try and move to the actuarial team of your company as well.
Hello sir...
I m working in LIC of india as a development officer n want to study acturial science. If possible plz guide me.....
Feel free to ask any question here.
@@Fornikhil i have business in goa all about bidding/casino i am trying to make one software i need one algorithm so i need your help
@@Fornikhil I am a banker ..after how many papers I can get good offer from some other banks under actuarial role ..or I should leave the bank and join actuarial common after clearing 3 to 4 papers
Venkat Chandu actuarial roles in banks are quite limited. If you’re aware of any, try applying. Exams, experience and your overall profile would determine if you’ll get a job or not.
I am working in a private bank. my profile is sales, will pursuing actueries help me in boosting my career
It won't help directly within your current role. MBA might be better option in your profile.
Hello sir.. I'm currently in my 12th std.. I'm thinking of taking up the actuary course.. I have the following questions.. Please do reply sir.. It would be of great help!!
1.Sir is it risky to focus and pursue only actuarial science course without having any other qualification? Bcoz all the people I've seen and met till date in this profession definitely have some other qualification as well..
2. Sir I've heard that there's no fixed passing % for the exams conducted by IAI, it changes for each exam.. Isn't that risky for our careers? Is there no proper regulating body to have a control over the activities of IAI?
Thanks in advance
Graduation is mandatory for jobs. You must pursue graduation, prefer stats honours, eco or maths honours .
1. Under Graduate degree would be quite helpful. It's not mandatory but highly recommended. Post Graduate degree is optional.
2. IAI is itself a regulatory body for actuaries. Every institute has some or the other form of the marking system. You should focus on clearing the exams and not on the marking system. It's the same for every student appearing for the exam.
I don't have graduation degree, can I get a job with few papers?
Pls reply if u hv time.
Ashèr Velázquez it’s quite difficult as there’s a lot of competition.
You really have to prove yourself why would you be the right candidate.
Hello, I am from Chem.Eng. IIT Bombay, Cleared CT 1,3,7,9 Papers, Given and hopeful to clear CT 5,6 this October and CFA Level 1 i.e. Exemptions in CT2 and 7, Currently in fourth Year. Also planning to attempt CT 4 and 8 next semester before graduation.
How much do you think approx. I can demand as a starting salary next year from any arbitrary company?
Market is quite competitive and thus you won't be on the asking side. Better would be to think if you get multiple offers, which company would you like to go for. All the best.
So it's in some way related to data science
Yes. It does involve a lot of work with data. It's related to data science, machine learning and moving towards Artificial Intelligence.
Sir,
My first question is how many exams should one clear before looking for jobs?
Second where to look for jobs?
Third what is the future of pursuing this career path?
Fourth which is the most fruitful sector to do specialisation in?
Fifth can you give some examples of the top hiring companies?
mansimransingh singh
1. In today’s scenario, at least CT series should be cleared.
2. IAI website and online forums. Actuarial magazine is also helpful.
3. Quite vague question, be specific. Read IAI and IFoA website about the profession and opportunities.
4. All fields are equally rewarding. General Insurance was a bit more rewarding until recently but the supply demand scenario is quite matched now.
5. Most of the Indian insurance companies and offshore offices of insurance giants have opportunities.
Hi,sir samruddhi here.....I am confused between frm or actuary can you plz suggest me ???
Actuarial science is much wider in scope. FRM is limted only to risk management.
I feel FRM is beneficial to those who are already in risk management and want to add a certification.
sir will it be better to do frm part 1 with actuarial first ct3 paper ?
sanchit goyal there’s no harm.
Actuarial science is a business management field..
No, it’s a professional role like CA
@@Fornikhil ohh I'm saying that it relates to commerce right.. finance etc
@@nycto16 not really, its pure applied maths
@@samyyy0110 nah.. it's related to business/accountancy.. it's maths i know but that maths which applied on businesses after this degree you can get job in multinational companies, banks, insurance companies etc.. And Actuarial science is also called as Actuarial Risk Management.
Sir mujhe aapka phn no chahiye
You may ask your query here or email at fornikhil@gmail.com
actuarial science comes under ug!! r pg!!
It's a professional course and thus not classified as UG or PG. However, Association of Indian Universities has given equivalence to Master's degree to a Fellow Actuary with Bachelor's degree to Pursue PhD.
Professional study... Like ca