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Department of Commerce – B.Com (Actuarial Management)

  • The Actuarial Management programme offers unique features tailored to prepare professionals for the specialized field of actuarial studies. It is an essential discipline that deals with managing financial uncertainties, thereby aiding in decision- making minimize the probability of financial losses in insurance, financial and non-financial industries. The programme contributes to the holistic development of students pursuing their career in actuarial science, equipping them with the necessary knowledge and sk for success in the dynamic and challenging field. .

  • Well-equipped classrooms with audio-visual aids for effective learning. Specialized computer labs are equipped with high-speed processors, ample memory, and relevant software such as Python, Statistical Analysis Tools (SPSS, R) and Business Application suites (Tally Prime), to ensure easy access to necessary tools for the academic pursuits of the students.

  • Curriculum - The curriculum is designed to provide well-rounded education combining mathematical and statistical approaches that strongly support students preparing for the Actuarial Common Entrance Test (ACET) and other actuarial exams conducted by the Institute of Actuaries of India (IAI). It caters to students aspiring for a strong career in the field of actuarial science.
  • Job Oriented Courses - through BFSI Sector Skill Council of India, an initiative of NSDC .
  • Online Certification
    • Swayam NPTEL
    • NASSCOM
    • ICT Academy
    • Coursera - online learning courses from top universities and industry leaders.

    Employment Rate

    A remarkable 85% of our B.Com in Actuarial Management graduates find employment within a few months of graduation, demonstrating the strong demand for actuarial skills in the business world. This high rate reflects the relevance of the program's focus on risk assessment, finance, and business management.

    Top Job Roles

    B.Com in Actuarial Management alumni occupy a variety of roles in the actuarial and financial sectors. Here's a breakdown of the most common positions for our graduates:

    • Actuary: 40%
    • Risk Analyst: 20%
    • Insurance Underwriter: 15%
    • Financial Analyst: 10%
    • Other roles (including Data Analyst, Business Consultant, etc.): 15%

    This variety of roles showcases the flexibility and adaptability of our graduates' skill sets.

    Industry Distribution

    Our B.Com in Actuarial Management graduates find employment across various industries. Here's the industry distribution for our alumni:

    • Insurance and Reinsurance: 35%
    • Financial Services: 30%
    • Consulting and Advisory: 15%
    • Healthcare and Pharmaceuticals: 10%
    • Other industries (such as Technology, Manufacturing, etc.): 10%

    This distribution illustrates that actuarial skills are in demand across a range of industries, providing our graduates with diverse career opportunities.

    Career Progression

    Our B.Com in Actuarial Management graduates often achieve rapid career progression. About 30% of our alumni reach senior-level or managerial positions within five years of graduation, indicating the upward mobility in this field.

    Average Starting Salary

    The average starting salary for B.Com in Actuarial Management graduates is Rs. 3,00,000 to 6,00,000 per annum, with significant potential for growth as they gain experience and advance in their careers. This competitive salary reflects the high demand for actuarial expertise.

    Advanced Degrees and Certifications

    Many B.Com in Actuarial Management graduates pursue further education and professional certifications to enhance their career prospects:

    Advanced Degrees: Approximately 25% of our graduates pursue advanced degrees, such as a Master's in Actuarial Science or an MBA.

    Professional Certifications: : About 20% earn certifications like Fellow of the Society of Actuaries (FSA), Chartered Financial Analyst (CFA), or Fellow of the Casualty Actuarial Society (FCAS), which can open up new career paths and increase earning potential.

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