Syllabus for
MSc (Actuarial Science)
Academic Year  (2023)

The applicable evaluations are CIA-1, CIA –2 (based on Mid-Sem examination), and CIA –3 based on internals.

Pattern of End Semester Examination question paper for 100 marks of 3 hours’ duration will be as follows:

There will be six questions, each carrying twenty marks, out of which any five has to be answered.  

Department of Professional Studies (DPS) offers some of the most unique and inter-disciplinary courses in the field of commerce and management. It was established in the year 2002 as Centre for Career Advancement (CCA), and later upgraded to Department of Professional Studies in 2007. The department aims at professional training for wider career opportunities. This is achieved through value enhancement programmes (Add-on courses and programmes) along with the academic degrees to equip the students to meet the challenges and prospects of contemporary academia and the corporate sector. All courses of the department are conducted by academicians and highly qualified practicing professionals

Vision- To develop into a centre of excellence in education, training and research in the field of commerce and management

Mission- To impart holistic education through state-of-the-art technology with the aim of producing professionals in the field of commerce and management, and also to launch new programmes to bridge the gap between academia and the corporate sector by meeting stakeholder requirements.

M Sc Actuarial Science is designed to give candidates from quantitative, commerce and Economic backgrounds an opportunity to launch their careers in Actuarial Science. It is a discipline that applies Mathematical and Statistical methods to assess risk in the insurance and financial industries. This course provides a solid foundation in the core principles and techniques of Actuarial Science. MSc Actuarial Science is a two-year postgraduate course spread over four semesters comprising modules on Financial Mathematics, Actuarial Statistics, Insurance and Economics. The course covers key areas in global business with in-depth coverage of Risk Management opening a plethora of opportunities in the insurance and global investment sectors. The course is dedicated towards dealing with real-world scenarios and application of the analytical process that students are trained for; practical application, case studies and market analysis with experts guiding individuals will be an important aspect of the learning process. A qualified person in MSc actuarial science would be having a basic foundation and a solid platform from which they can proceed to becoming an actuary. They can use their quantitative skills to analyze data from the past and present, in order to predict the future and help others make prudent and intelligent financial decisions.