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It is a Postgraduate course in Statistics. It is a 2 year of course. The discipline that applies Statistical and Mathematical methods to assess risk in finance, insurance and other industries and professions is the Actuarial Science. In the field through experience and intense education, the professionals who are qualified are called as actuaries. By passing a Series of thorough professional examinations, actuaries must demonstrate their competence in many countries. A number of interrelated subjects, including probability theory, finance, statistics, economics, computer science and mathematics are included in Actuarial Science. Historically, in the construction of premiums and tables, actuarial science used deterministic models. To pursue a profession in the financial sector, the course helps in acquiring analytical skills. Pricing simple life insurance contracts such as term life, whole life, unit-linked contracts and endowment insurance are described by this course. Also, the techniques of discounted cash flows for use in reserving and simple type of life insurance contracts are also described by this course.
The eligibility criteria for M.A. Statistics (Actuarial)
Syllabus for M.A. Statistics (Actuarial)
The various subjects provided and prescribed by different universities and colleges are as follows-
The practices and electives provided for the students give them an option for selecting the most convenient subject of their choice. The various electives and practicals are as follows-
Colleges for M.A. Statistics (Actuarial):
As of now to our knowledge, there is a sole university that offers this course which makes this course very unique in India and thus the demand may also arise for such graduates. The only University is the University of Pune, Pune.
Suitability for M.A. Statistics (Actuarial)
The course beneficial for M.A. Statistics (Actuarial):
The Career Options for M.A. Statistics (Actuarial)
There is various kind of jobs for the students completing these courses in Statistics, right from the public sectors to the private sectors there are job opportunities, all you want to have is the required qualifications and the right set of knowledge required by the particular employer. The better you are the chances of getting a good job are higher. The following are some of the kinds of jobs that are available in this field.
The employment areas in M.A. Statistics (Actuarial):
As mentioned above there is scope for employment opportunities in this field, the person best suited to the best capabilities gets the best offer. We must also the areas into which such student can get these job opportunities. The following are some of the areas which offer the job to the students completing M.A. in Statistics.
Thus it can be said that the master in this field adds an edge to your qualification and this is offered just by one university creates the demand for this course and generates employment opportunities in all sectors. Students with keen interest may take admission for this course and make their future bright.
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