School of Computer Information and Mathematical Sciences

M.Sc. Actuarial Science

Eligibility for Admission

B.E. / B.Tech. / B.Sc. Mathematics / Statistics / Applied Mathematics / Computer Science / BCA / B.Com. / BBA or equivalent degree in relevant field with a minimum CGPA of 5.0 / 50% of marks.

Admission 2022-23
Sl. No. Name of the Programme Tuition Fee per Semester
1 M.Sc Actuarial Science Rs 25,000

Amenities and Service Fee – One time payment at the time of admission
1 Amenities and Service Fee Rs 20,000
Hostel Fee
*Hostel Fee per Year
1 Establishment Charges Rs 40,000/-
2 Boarding Charges Rs 55,000/-
Total Rs 95,000/-

*Amenity and Service Fee: Rs.5000/- (one time payment)

Transport Charges
*Transport Charges per Year (Optional)
1 A.C. Bus Rs 40,000/- to 50,000/-

*Transport charges varies based on the distance

Admission Brochure 2021-22

Programme Educational Objectives

  • To provide opportunities of higher studies in the professional area of Actuarial Science
  • To impart knowledge on various theoretical and practical aspects of Actuarial Science
  • To enable the students to apply their newly gained knowledge and skills in their workplace
  • To develop independent learning skills and transferable skills among the students
  • To help the students extend and develop their career plan and pursue their own professional development
  • To provide the students with a structured programme of study covering all Core Actuarial Science subject contents
  • To contribute to the education of academics, allowing the University to play an active role in the production of advanced studies in the areas of the Master in Actuarial Science

Programme Outcomes

On Completion of the Programme, the students will be able to

  • Understand the fundamental probability tools for quantitatively assessing risk and demonstrate an ability to apply these tools to problems encountered in Actuarial Science
  • Use the fundamental concepts of Financial Mathematics and demonstrate an ability to use those concepts to calculate present and accumulated values for various streams of cash flows as a basis for future use
  • Demonstrate an understanding of the financial instruments, including derivatives, and the concept of no–arbitrage as it relates to financial mathematics
  • Understand the theoretical bases of certain Actuarial Models and Life Contingent models and can apply those models to insurance and other financial risks
  • Understand the frequency and severity models and an ability to carry out the steps involved in the modeling process in solving Actuarial Science problems
  • Demonstrate the ability to summarize and communicate, orally and in writing, Actuarial problems and the ability to communicate solutions to Actuarial problems to specialized and non-specialized audiences, and,
  • Demonstrate highest standards of Actuarial ethical conduct and Professional Actuarial behavior, critical, interpersonal and communication skills as well as a commitment to life-long learning

Click here for Detailed Syllabus