After Actuarial Science Scope And Package

I want to know about the career opportunities after passing Actuarial Science course ?/

There are many colleges situated in India that offered admission in the Actuarial Science courses .. After passing Actuarial Science course you can get a better career opportunity in reputed company or industries ..

Job posts :
Risk analysts
Administrating officer
BPO administrator
Actuary Director
Finance consultants in various Insurance sectors
General Officer
Financial Service Executive
Appointed Actuary
Actuarial Analyst
Health care directors/managers/analysts
Accounts manager
Pension Providing administrator other than in Insurance companies
Senior Actuarial Analyst
Asset Liability manager
Financial/Insurance Consultants in IT sector
Insurance risk managers
Assistant Administrative Officer

Job fields:
Health Insurance
Employee Retirement and Benefit Plans
General Insurances
Investment and Financial Services
Vehicle Insurance
Life Insurance

Companies for jobs :
New India Assurance Company
Life Insurance Corporation of India
Oriental Insurance Company Limited
Non governmental education institutes
SBI Life Insurance Co. Ltd.
ING Vysya Life Insurance
Allianz Bajaj Life Insurance Co.
Metlife India Insurance Co. Ltd.
National Insurance Company Limited
United India Insurance Company
Birla Sun Life Insurance Co. Ltd.
Non Governmental IT Organizations
Max New York Life Insurance

Salary package :
Actuarial trainee per month in India is around Rs 25,000 per month.
Insurance companies and consulting firms salary packets ranging from 8 lacs per annum for beginners to around 40 lacs per annum

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Answered By StudyChaCha Member

The Actuarial Science deals with statistical and mathematical techniques to estimate risks in finance and insurance industries. Actuarial Science offers good job openings with a salary package that can exceed expectations.

The applicant can gain a degree in actuarial science at both under graduate and post graduate levels. Some of the courses are B.Sc in Actuarial Science, Post Graduate Diploma in Actuarial Science, M.Sc in Actuarial Science, etc.

Here I am providing you the Scope in Various Sectors after the Actuarial Science. This is as follows:

Health Insurance
Vehicle Insurance
Life Insurance
Employee Retirement and Benefit Plans
General Insurances
Investment and Financial Services

A few other sectors that require suitable actuaries are listed below.

Asset Liability management in many sectors
Pension Funds
Banks
Project Management
Hospitals
Health care sectors
Education sectors
BPO
Investment firms
Risk Management
Rating Agencies

Actuaries can play the following roles.

Risk analysts
Administrating officer
BPO administrator
Actuary Director
Finance consultants in various Insurance sectors
General Officer
Financial Service Executive
Appointed Actuary
Actuarial Analyst
Health care directors/managers/analysts
Accounts manager
Pension Providing administrator other than in Insurance companies
Senior Actuarial Analyst
Asset Liability manager
Financial/Insurance Consultants in IT sector
Insurance risk managers
Assistant Administrative Officer

Scope in Government Insurance Companies

New India Assurance Company
Life Insurance Corporation of India
Oriental Insurance Company Limited
National Insurance Company Limited
United India Insurance Company

Scope in Private Firms
Birla Sun Life Insurance Co. Ltd.
Non Governmental IT Organizations
Max New York Life Insurance
Non governmental education institutes
SBI Life Insurance Co. Ltd.
ING Vysya Life Insurance
Allianz Bajaj Life Insurance Co.
Metlife India Insurance Co. Ltd.

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Answered By StudyChaCha Member