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Actuarial Science In A Nutshell- Salary, Jobs, Exams, Eligibility, Steps & More 

Konversations By InsideIIM
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Diving into the actuarial profession is a big decision not only because it is a highly rewarding career but also because it requires persistence and hard work from your end. While actuaries make crores of money after a point in their careers, that stage takes time, patience, and real hard to work to reach.
If you're looking for a career that values mathematical expertise and uses data, logic, and analysis on a daily basis, then becoming an actuary is a befitting choice for you. There are many reasons why people choose this career: they get to use maths everyday, they get to engage in everyday problem-solving, there's opportunity for advancement and growth, great work-life balance for fully qualified actuaries, and undoubtedly a great salary.
In today's video, Oshin explores the various facets of a career in actuarial science. Here's what she talks about!
0:00 Introduction
1:28 What Is Actuarial Science?
2:12 What Do Actuaries Really Do?
3:27 How Do I Become An Actuary?
5:10 Eligibility Criteria
5:58 Subjects And Exams In Actuarial Science
6:47 Expenses
8:22 Preparation
9:04 Jobs & Salaries Of Actuaries
10:00 Is Actuarial Science For You?
What do you think about a career in Actuarial Science? Let us know in the comments below!
For more career options and exam details, check out the Know Your Exam Playlist here: bit.ly/2UGrX62
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#ActuarialScience #Actuary #KnowYourExam

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22 июл 2024

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Комментарии : 183   
@InsideIIMKonversations
@InsideIIMKonversations 3 года назад
If you don’t want to miss any of our videos, all you need to do is join us on WhatsApp. Click here to join - bit.ly/_whatsappupdates Recommended: For more career options and exam details, check out the Know Your Exam Playlist here: bit.ly/2UGrX62
@sachidanandatripathy4034
@sachidanandatripathy4034 3 года назад
please make a video on CMA exam
@fikilemkhize5776
@fikilemkhize5776 3 года назад
I am finishing my master's in statistics this month. I am a member of the IFoA, but I am scared of registering for the cs1 exam
@tarunagarwal7623
@tarunagarwal7623 3 года назад
I'm glad you didn't promote the concept of "1cr" package unlike other RU-vidrs! 👍.I am pursuing this course and can vouch that all of the information provided by you was factually correct!
@sahilyelwande481
@sahilyelwande481 3 года назад
Sooo true.
@rohitsao3032
@rohitsao3032 3 года назад
If someone is weak at mathematics can they still pursue acturial sciene ?
@tarunagarwal7623
@tarunagarwal7623 3 года назад
@@rohitsao3032 if you are interested, you can give your first maths or stats exam without taking the membership of IFOA ,to see how it goes for you.
@rohitsao3032
@rohitsao3032 3 года назад
@@tarunagarwal7623 okay thanks
@kavitathakur1550
@kavitathakur1550 3 года назад
@@rohitsao3032 no , one has to have crazy interest in calculus and numbers in general
@surbhithakrar2510
@surbhithakrar2510 3 года назад
This is what I am looking for. Very informative. Thank you.
@aakashkedia22
@aakashkedia22 2 года назад
That salary part wasn't visible clearly, can you provide a link for that?
@ketanjain9180
@ketanjain9180 2 года назад
What should I do with actuary in college which course
@sowndaryasubramaniyan7764
@sowndaryasubramaniyan7764 2 года назад
is this 13 exams applicable for actuaries throughout the world??? or is it only for actuaries of uk?
@gauravmenon475
@gauravmenon475 2 года назад
Can you please give us more details on CFA professional course.
@sonamgurmet6803
@sonamgurmet6803 3 года назад
How about SOA Society of Actuary (US)? If someone cleared 3 exams of SOA, will there exams be valid in India??
@rudrakshvaishnav943
@rudrakshvaishnav943 Год назад
Hello Everyone can someone please tell me what is scope in Acturial Science if someone wants to work from home only and grow?
@KitabeeOrg
@KitabeeOrg 6 месяцев назад
are any papers exempt for qualified CA?
@dishaarora1563
@dishaarora1563 10 месяцев назад
can a non-med student do acturial science?
@jayanthj9155
@jayanthj9155 3 года назад
Ma'am is it compulsory to learn R programming for cs papers? And is UK work experience mandatory if I do actuarial science from IFOA? Thanks
@aditii_ag
@aditii_ag 2 года назад
Yes.. R programming is necessary to clear cs papers!
@jayanthj9155
@jayanthj9155 2 года назад
@@aditii_ag is it easy to learn for non programming background students? Thanks for replying
@gokuvegeta9500
@gokuvegeta9500 9 месяцев назад
​@@aditii_ag Dang you're pretty cute
@sohampal2366
@sohampal2366 Год назад
Mam main job krta hu kya main is course join kr sakta hu??
@DeekshaThotappanavar
@DeekshaThotappanavar Месяц назад
Hello I wanted to talk to someone who knows this career well n can tell me more abt it so can u plz reply if u can help me
@harshparekh16
@harshparekh16 3 года назад
Very informative. Thank you so much :)
@theeconomicscientist1966
@theeconomicscientist1966 2 года назад
could a student who is currently pursuing bba right now give acet?? I'm confused....very much confused,
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
There is no age limit to apply for ACET. Qualification: Passed 12th level or its equivalent from a recognized board or university
@aanchalraj7390
@aanchalraj7390 2 года назад
Kya mai b.com honour ke through bhi actuarial science kar sakte hu
@bookquery194
@bookquery194 2 года назад
Thanks for valuable information
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Welcome, What else would you like to see over this channel.
@vanshshetty9675
@vanshshetty9675 2 года назад
I have a doubt is it possible that I only complete 2-3 papers related to acturial science till graduation and then pursue with frm? Is it worth it cause I have heard you need to complete atleast 4-5 papers
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Try Insideiim.com/community for such queries
@lakshitsoni5948
@lakshitsoni5948 3 года назад
Thank you so much ma'am for this information. ✨
@nishchayjaiswal8883
@nishchayjaiswal8883 3 года назад
IAI has very uncertain pass percentage.
@sachinjha6305
@sachinjha6305 2 года назад
Being an actuary is my dream ! Will you please give some videos with more details about universities of actuarial science in india and also some interviews of excellent qualified actuaries! 🙏
@archanajha7811
@archanajha7811 2 года назад
Can I register with IAI and appear for exams in Canada? Are these exams conducted online mode?
@aditachoudhury2784
@aditachoudhury2784 3 года назад
Please advise if one should go for this course after 12th or after graduation. Also what is the eligibility to study acturial science
@yashsharma7486
@yashsharma7486 3 года назад
Should go for this after 12th as you can take advantage of graduation time for clearing sufficient exams . In IAI you have to clear first entrance exam-ACET and than you can go for further exams and in IFOA no need for entrance direct exam and eligibility is 12th should be cleared
@KBSINN
@KBSINN 3 года назад
Great presentation and if I may add in short only pursue this path if you belong to the antisocial social club.
@harshpareek862
@harshpareek862 2 года назад
Can anyone please help me through out my registration process and exams order to take, preparation strategy, I had cleared my acet in April 2021, please help me
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Visit official notifications for help!
@adishwarsinghchib4241
@adishwarsinghchib4241 2 года назад
Is this a full time program or any working professional can take this exam without leaving the job?
@parthjhaveri1434
@parthjhaveri1434 3 года назад
What is the course duration both minimum and maximum??
@commerce1997
@commerce1997 Год назад
Vry knowledgeable video ❤
@InsideIIMKonversations
@InsideIIMKonversations Год назад
Glad you liked it!
@chandmaheshwari2906
@chandmaheshwari2906 3 года назад
@oshin Sharma....I have just completed my graduation from normal college after that I am thinking to do CA ..AT THE AGE OF 25 I WILL COMPLETE CA AND..IN BETWEEN DOING CA ..I WILL START PREPARING FOR CAT AND AFTER COMPLETION OF MY CA ...CAN I GO FOR IIM 'S WILL IT BE GOOD???
@praveenpatil6011
@praveenpatil6011 2 года назад
At 25 u will complete your CA COURSE😅😅. PREDICTION AT TOP.
@nitharshanmaheswaran6910
@nitharshanmaheswaran6910 Год назад
Do you know that Which Actuarial model is prefer to analyse the solars ( non living things).? I want to analyse cost and future benefits of solar power system, using actuarial model.
@knoxNeeraj
@knoxNeeraj 2 года назад
Can I apply for Actury ? I have choose to do economics hons .
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Try our community : insideiim.com/community We recommend you to book 1-on-1 personalized sessions with industry stalwarts who have walked the talk, and will be the best people to guide. Here's the link: bit.ly/3BjSaah
@vanshikagupta7324
@vanshikagupta7324 2 года назад
What is the estimate coaching fees for a paper ?
@51montu91
@51montu91 2 года назад
25k to 30k per papers
@prashantsherawat3075
@prashantsherawat3075 2 года назад
I am pursuing economics undergrad and dont plan on becoming a full time actuary. but would clearing 1 or 2 papers help me stand out in finance or data science oriented jobs? Also are the beginning exams too hard to be studied for during part time, I suppose I could do it since some of my course should align with their syllabus
@mohitaswani3013
@mohitaswani3013 3 года назад
In which city i can study acturial science
@rohitbhardwaj6114
@rohitbhardwaj6114 3 года назад
Can you arrange a session with a qualified Actuary for more insight into the field?
@InsideIIMKonversations
@InsideIIMKonversations 3 года назад
Sure!
@2j-91aakashsethia7
@2j-91aakashsethia7 3 года назад
@@InsideIIMKonversations That would be amazing!
@theactuarialquest3267
@theactuarialquest3267 2 года назад
Hey there, you can subscribe to the channel 'The Actuarial Quest' and get insights on the actuarial profession from an Actuary.
@sidhikjain8744
@sidhikjain8744 Год назад
does indian actuaries are recognised outside india? like uk actuary
@VibhasMaheshwari
@VibhasMaheshwari 5 месяцев назад
Yes
@aanchalkothari4582
@aanchalkothari4582 Год назад
After clearing how many papers can we start intership? Can undergraduates apply for internship or graduation is compulsory?
@shri_radhe_krishna_814
@shri_radhe_krishna_814 Год назад
After clearing 3-4 exams u can get job .
@InsideIIMKonversations
@InsideIIMKonversations Год назад
You can get more help from Insideiim.com/community
@rpgaming1337
@rpgaming1337 Год назад
I am entering class 11 this year and in future i want to become an Actuary. I know that for Actuarial Science i must have maths In class 11 and 12. The schools are offering 2 kinds of maths- core maths and applied maths. I wanted to ask that if i take applied maths(code 241) in class 11 and 12 then will i be eligible for Actuary?
@bravestone505
@bravestone505 Год назад
Yes bro you are eligible
@kaushikiindia7298
@kaushikiindia7298 5 месяцев назад
You can take any maths and you're eligible
@51montu91
@51montu91 2 года назад
I am pursuing actuarial and must say its the best and reliable video ever seen
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Glad you like this one
@DeekshaThotappanavar
@DeekshaThotappanavar Месяц назад
Hello I wanted to talk someone who can tell me more abt this Career so can u plz reply if u can help me
@drishtisarkar4887
@drishtisarkar4887 11 месяцев назад
Great insights!
@sarabansal1679
@sarabansal1679 3 года назад
Can you please make a detailed video on CMA (India) course?
@chiranjibbhattacharyya9887
@chiranjibbhattacharyya9887 2 года назад
How practicing actuaries charge there fees in india. What is the basis
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
This might help you: www.payscale.com/research/IN/Job=Actuary/Salary
@Crouz751
@Crouz751 9 месяцев назад
1:0 can we take this course from commerce side with mathmatics
@AdityaRaj-pt6go
@AdityaRaj-pt6go 3 месяца назад
Yess
@ishitakothari5095
@ishitakothari5095 2 года назад
Can I study actuarial science if I didn't had math but eco with commerce in class 12?
@stewie-rupert-giggity4143
@stewie-rupert-giggity4143 2 года назад
Yes you can
@harsh-ng7rz
@harsh-ng7rz 2 года назад
😂😂🤡
@moksha8352
@moksha8352 Год назад
As you said It for someone who has liking towards numbers and data What if we don't really like playing with numbers but still want to try it out? Do you think it's worth giving our time?
@InsideIIMKonversations
@InsideIIMKonversations Год назад
Yes, you can still go for it but you need to work on that front.
@vidyanshiupadhyay7776
@vidyanshiupadhyay7776 Год назад
Please Someone tell me can i become an actuary with BSc in computer science in india ?
@InsideIIMKonversations
@InsideIIMKonversations Год назад
Yes, it is possible to become an actuary with a BSc in Computer Science in India. While a traditional route to becoming an actuary involves studying actuarial science or related fields, such as mathematics or statistics, many actuarial organizations also recognize degrees in other quantitative disciplines, including computer science.
@jhansi5475
@jhansi5475 3 года назад
acturial science mai maximum age kitni hai
@simransharma5138
@simransharma5138 3 года назад
Is it required to join any classes for ACET? If yes than which classes is best for it?
@satvikdubey6238
@satvikdubey6238 3 года назад
It's not required...that obviously depends on you
@itsparth9458
@itsparth9458 3 года назад
Nope but there is few coaching in delhi
@vanshikagupta7324
@vanshikagupta7324 2 года назад
What level of mathematical knowledge is needed for this ?
@jalindermane9804
@jalindermane9804 3 года назад
Which is the best institute for actuarial science IAI or IFOA?
@yashsharma7486
@yashsharma7486 3 года назад
IAI-1. good level of questions means in exam they are like mind opening. 2. generally passing is low (25-30%). 3. Fees is low. IFOA- level of ques. generally lower than iai. 2. passing rate is nearly 50-60% 3. fees is too high [IAI conducts mock before exam IFOA doesn't] So decide which is better ......
@yashsharma7486
@yashsharma7486 3 года назад
Edit- more are going for IFOA as high passing rate
@adishwarsinghchib4241
@adishwarsinghchib4241 2 года назад
@@yashsharma7486 do we need to join a institute/University to become a actuary or we can do it by self studying from home?
@diviyampat9996
@diviyampat9996 Год назад
​@@sheikh66789 yes and it's compulsory to buy
@punamdevi-nk6pi
@punamdevi-nk6pi 4 месяца назад
I took commerce without maths in 12th . Am I eligible for IFOA
@soniasingla4415
@soniasingla4415 2 месяца назад
Sir i have doubt is it compulsory to keep maths as compulsory subject in 12th for actuarial science or can i keep maths additional as well
@yusufsayyed8604
@yusufsayyed8604 2 года назад
I am in 11 th with non - maths can I become actuary science. Plese reply🙏🙏.
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Actuarial science uses different statistical and mathematical methods to assess financial risks. 10+2 examinations by Commerce /Math stream is mandatory.
@kanikarawat3325
@kanikarawat3325 2 года назад
Can we continue our regular ug and actuary together
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Yes, there is no specific requirement of any side courses with actuarial science.
@nvm9840
@nvm9840 3 года назад
Thanks a ton!
@abhiudaybanigupta5853
@abhiudaybanigupta5853 3 года назад
It is good informative video of a good informative series KYE.
@bhavya4921
@bhavya4921 Год назад
I am currently pursuing bcom hons from du. I want to pursue acturial science, how can i carry this forward?
@InsideIIMKonversations
@InsideIIMKonversations Год назад
Watch the full video, The video has all the explanations.
@roneysunil
@roneysunil 3 года назад
thank you for the information
@allenliji6211
@allenliji6211 Год назад
what would you say SOA?? Is it as good as IFoA??
@InsideIIMKonversations
@InsideIIMKonversations Год назад
SOA (Society of Actuaries) and IFoA (Institute and Faculty of Actuaries) are both prestigious professional bodies that offer certifications in actuarial science. You can decide based on your preference and inclination.
@shreyashtiwari378
@shreyashtiwari378 11 месяцев назад
please buy a proper quality mic pleassee
@muhammadahmedkhan1858
@muhammadahmedkhan1858 2 года назад
Hello maam is actuarial science is degree or course ?
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
B.Sc in Actuarial Science is a degree.
@muhammadahmedkhan1858
@muhammadahmedkhan1858 2 года назад
@@InsideIIMKonversations thanks 😊
@yjmusical8136
@yjmusical8136 2 года назад
Please tell about cb3 papers and how to prepare?
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
In order to prepare for the CB3 exam you will need to go through the preparatory study document. There will also be online tutorials that you should take. Best of luck!
@clashmod9975
@clashmod9975 3 года назад
I wanted to know i just passed my second year and I am in third year now so should I give my CAT exam this year or shall I give next year?
@shubham_banka
@shubham_banka 3 года назад
Give now if you aren't doing anything else and want to do MBA go for this attempt or check out YLP by ISB Hyderabad
@adishwarsinghchib4241
@adishwarsinghchib4241 2 года назад
Be fully prepared before taking the CAT xam
@lakshitsoni5948
@lakshitsoni5948 3 года назад
Ma'am can you please make a video the topic "IAI VS IFOA" ?😀
@yashb6087
@yashb6087 3 года назад
SOa
@snehatom3979
@snehatom3979 6 месяцев назад
can bcom students apply for this course??
@kirtiagarwal7663
@kirtiagarwal7663 10 дней назад
Yes
@ToShire369
@ToShire369 3 года назад
Uuuh in African countries its not that much popular am just taking it for a degree
@user-um6wm5er7h
@user-um6wm5er7h Год назад
Hey i have a question i am going to start my journey to become an actuary but i am confused that what should i opt for in the college between bba and bsc finance. Can you guide me ?
@InsideIIMKonversations
@InsideIIMKonversations Год назад
Actuarial work requires a strong foundation in mathematics and statistical analysis. Evaluate the level of emphasis placed on quantitative courses in both programs. BSc Finance programs often have a stronger emphasis on quantitative analysis.
@prashalgoyal9885
@prashalgoyal9885 2 года назад
How many engineers on an average appear for acturial science?
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Do your research online for exact data.
@prashalgoyal9885
@prashalgoyal9885 2 года назад
@@InsideIIMKonversations no
@adityatripathi9039
@adityatripathi9039 3 года назад
Very informative thanks
@creative_xp
@creative_xp 2 года назад
Does ICAI has any MOU signed
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Yes, ICAI has several MOUs with various bodies and countries.
@chanchalagarwal2697
@chanchalagarwal2697 7 месяцев назад
If you could help me out for actuarial internship, it will be pretty much helpful, when to start, field and firn etc. I am so confused.
@sapnapatel7121
@sapnapatel7121 2 года назад
R u from India? ????????? If u r, sorry to say But a apki puri video English me which is very disappointed to me😷😷
@soumya7427
@soumya7427 2 года назад
This is a very detailed explanation and it is very informative. I really want to become an actuary. I cleared the ACET exam but I am worried about the exam fees and Can you please make a detailed video on IAI vs IFOA?
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Noted, We'll try
@soumya7427
@soumya7427 2 года назад
@@InsideIIMKonversations waiting for the next video
@aalekhjain2682
@aalekhjain2682 7 месяцев назад
Hey, what have you been doing?
@superfast24news19
@superfast24news19 8 месяцев назад
Pl send details
@kaushikankush3569
@kaushikankush3569 2 года назад
I am doing b.sc in Actuarial science ☺️
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Great, Best of luck!
@kaushikankush3569
@kaushikankush3569 2 года назад
@@InsideIIMKonversations thanks 🤗🤗
@reshmik4619
@reshmik4619 2 года назад
Where???
@kaushikankush3569
@kaushikankush3569 2 года назад
J.V.M.G.R.R. CLG Charkhi dadri haryana
@shounaksushantadasgupta8440
@shounaksushantadasgupta8440 2 года назад
I am 30 yrs can I pursue actuarial science
@onlysocialscience5405
@onlysocialscience5405 2 года назад
Age is no bar, only ur interest matters
@onlysocialscience5405
@onlysocialscience5405 2 года назад
By the way what is ur qualification
@shounaksushantadasgupta8440
@shounaksushantadasgupta8440 2 года назад
@@onlysocialscience5405 BE Chemical, PGDM (Marketing and Analytics), PGP-DSE (Machine Learning and AI)
@shounaksushantadasgupta8440
@shounaksushantadasgupta8440 2 года назад
@@onlysocialscience5405 thank you for your reply
@gokuvegeta9500
@gokuvegeta9500 9 месяцев назад
​@@shounaksushantadasgupta8440 Bro you're in marketing just do NISM exams or NCFM exams
@abdulahmed5610
@abdulahmed5610 2 года назад
Data Scientists will replace Actuaries in the future
@InsideIIMKonversations
@InsideIIMKonversations 2 года назад
Did you like this video? Do you have any suggestions for us?
@swatibaid7896
@swatibaid7896 2 года назад
Just went through the video and being a acturial science student i would say we prefer ifoa because it's more certain unlike indian one whose results are uncertain And one more thing is working after completing 4-5 paper is necessary because it helps u clear further paper, this is what I have heard from my seniors 🤩
@51montu91
@51montu91 2 года назад
@Devika Vijayabharath yss starting just after 12th is most advicable
@51montu91
@51montu91 2 года назад
advisable*
@aasthapremani7629
@aasthapremani7629 3 года назад
Can I study actuarial science from home(online)?
@starwithnowars
@starwithnowars 3 года назад
Also be weary about the exams that you write. If you study with say a University online you might want to check if your country's Actuarial Association will recognize the exam for exemptions purposes. Currently we've had so many University exams postponed, some to next year, because of COVID and because ASSA (South Africa) will not recognize online exams unless it's their own ( which has it's own hoops to jump through). You don't want to study and write exams only to be told that they won't be recognized.
@antudegamerz123
@antudegamerz123 11 месяцев назад
Is actuary with llb is good for grabbing high paying jobs in india
@InsideIIMKonversations
@InsideIIMKonversations 10 месяцев назад
Combining an Actuarial Science qualification with an LLB (Bachelor of Laws) can indeed open up unique career opportunities in India. This combination of skills can be particularly valuable in fields where legal and regulatory aspects intersect with actuarial work, such as insurance and financial sectors.
@pathfinderforsuccess
@pathfinderforsuccess Год назад
What's the difference between data analyst/scientist/acutuary???
@InsideIIMKonversations
@InsideIIMKonversations Год назад
This will help you: insideiim.com/data-analyst-vs-data-scientist-vs-data-engineer-vs-data-architect-job-roles-skills-scope
@akashupadhyay740
@akashupadhyay740 3 года назад
sharma ji open some social media account, i want to know more about you😁
@archituniyal6370
@archituniyal6370 6 месяцев назад
Osho
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