Swati Rajmohan

Will commerce stream suffice me to become an actuary?

Will I have to take extra computer courses as well?

by Swati Rajmohan
1 answer
| Share :

1 answer

RE: Will commerce stream suffice me to become an actuary?

Deepti Sharma
Deepti Sharma
Verified Career Expert
Career Counselor & Volunteer at Manovikas Kendra
  • Hyderabad


Hi

You must have seen, heard and read about companies which provide insurance cover to policy holders in case of any eventuality like accidents, hospitalization, household hazards, thefts or death and still others who look after investment schemes, employee benefits, retirement benefits and pension schemes. The policy holders are required to pay a fixed amount as installments at regular intervals and later they get benefits on policy completion.

Do you ever wonder, who do all these calculation and who designs these plans.
This is what a actuary does.


An actuary has to combine the skills of a statistician, economist and financier and employ techniques of probability, compound interest, law, marketing, management etc to predict the outcome of future contingencies and design solutions to lessen the financial severity of such events.


Eligibility: You need to have +2 with at least 85% of marks in maths.
Or.
Graduate or Post Graduate with subjects like Mathematics, Statistics, Economics, Computer Science, Engineering, MBA (Finance) and alike.

Course: A bachelors , master's or diploma course can be done.

Jobs:
An Actuary works in LIC, GIC, ESIC, Banks, Stock Exchanges and other financial institutions controlled by Govt. & Private bodies.

Salary: Sky is the limit for this profession. Stipend for a trainee is around Rs. 25000 pm. Salary package for fresher's ranges from 6-8 lacs pa. With senior positions one can earn around 40-45 lacs pa.

Institutes:


-Actuarial Society of India
Address: 9 Jeevan Udyog
278 Dr. D.N Road
Fort, Mumbai-400001
Website:www.actuariesindia.org

-Amity School of Insurance and Actuarial Science
Address: Amity Campus
Sector 44, Noida- 201303
Phone : (0120) 4392304
Fax : (0120) 2431856
Website:www.amity.edu

* Juhu Parle Education Society (JPES)

Utpal Sanghvi School, East West Road No. 3, J.V.P.D. Scheme , Mumbai (Mumbai Dist.) - 400049
All the best
Career counselor

In order to post replies to the question: "Will commerce stream suffice me to become an actuary?"

Post Reply

Latest ANSWERS

Hi, I have graduated in B.Com (Banking & Insurance) in 2015, and have around 2 years experience in the insurance field. I have always had a keen interest in the Events and media field since college. Currently I am confused on my further studies

Hello, You can do masters in commerce and make career in the lectureship.UGC NET Exam is conducted every year for the students in commerce, arts and h .. read more

m.a. What to do after sociology

Hello, If you have completed your masters from Sociology and confused about the career options you must follow then do not worry you can go for UGC NE .. read more

what should i do after 12?

There are a lot of options to do after 12th. You can opt any type of course like fashion, art, design, math, science, architecture & many more. Ma .. read more

Procedure of selection of IBPS clerk after qualifying exam?

Hello Kushalnag..!! Really happy to know that you are aiming for such a versatile sector - the Banking sector. Working in a bank is a career on which .. read more
Most Popular

What is the best way to get a good rank in NEET and AIIMS? what are the fee structure of mbbs in india?

Hello Arshita..!! Cracking NEET is not something which can be accomplished easily. It will need lots of hard work and concentration. But sometimes, ha .. read more

To become a fashion designer or an airhostess

If you are a creative mind & interested in designing of clothes & all. Then you should go for fashion designing course. Yeah this is an amazin .. read more

What are the Competitive exams that I can attend after my Inter 2nd year(10+2)??

Hello, You can prepare for IIT JEE Exam to make career in the Engineering Field If you get admission in IIT s or NITs you will get good placement Camp .. read more

I complete my graduation n I want to know what do after b.comi have a interest in upsc exam but side by side other options r available fr m?

First of all Congratulations for completion of your graduation.   It will be beneficial for you to prepare yourself for other competitive exam wi .. read more
Caching Date: 2/25/2018 1:43:55 AM