For those who don’t know about Actuarial Science, let me tell you first of all that it is a course which enables a person to make the financial decisions more accurately by considering the past experiences, future models, risk involved etc. Usually actuaries work for Insurance companies and their main functional area is risk management, price modeling of policies, pension schemes, gratuity, financial management, banking and the list goes on.
One can pursue Actuarial Science from the Institute of Actuaries of India (IAI). They provide you the study material and they conduct the exams twice every year. You can become a student member of IAI if you have scored more than 85% in mathematics in 12th standard or if you are a first class graduate from Mathematics(H) or Economics(H) or Statistics(H). For more details you can log on to http://actuariesindia.org
There are total of 14 papers in Actuarial Science giving you in depth knowledge of the actuarial work. But don’t worry, for getting a job you don’t need to clear all the exams first. After say, 4-5 papers students usually get a good placement. For those who have scored more than 85% in mathematics in 12th standard, I will suggest you to join IAI along with your graduation so that by the end of your graduation if you have cleared 3-4 papers you can have the good opportunity of campus placement. In Delhi, many companies are visiting Delhi University Colleges for fresher recruitment.
Good luck and welcome to the growing world of Actuaries.
Indian Actuaries 