I am a student of Class 11. I want to become an Actuary. But I don’t understand which subjects I should choose in Class 11. And I don’t know in which subject I should graduate.
Chahat Kanchan / St Francis Convent Inter College, Jhansi
Actuaries are individuals responsible for measuring risk for some unforeseen future event and assessing the cost of that risk in a variety of situations. The study of actuarial science requires high aptitude in Mathematics.
To become a full-fledged Actuary, one has to clear, through self-study, a series of Examinations conducted by the Actuarial Society of India (ASI), Mumbai (actuariesindia.org) Eligibility is 10+2 with at least 85% in Mathematics/Statistics or Graduation/Post-Graduation with Mathematical subjects like Mathematics, Statistics or computer science etc.
Some other institutes which offer courses in Actuarial science are: Amity School of Insurance and actuarial Science, New Delhi (amity.edu/asias/default.htm), College of Insurance, Insurance Institute of India, Mumbai (insuranceinsituteofindia.com), Narsee Monjee Institute of Management Studies, Mumbai (nmims.edu). While Actuarial Science can be pursued at various universities, the ASI alone confers the Fellowship in India.