Bangalore Central Campus

Master of Science
Actuarial Science

Open from: 08-May-2026 | Open until: 26-May-2026

IFoA/IAI/CAS Aligned 4 Semester Programme Internship & Research Project Industry Integrated Learning Actuarial Analytics Training Professional Exam Support
4
Semester
4
Specialisations
2 Yrs
Duration
Top 50
B-School India
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Applications OpenUntil 26-May-2026
15 +
INDUSTRY CONNECTS
3
PROFESSIONAL BODY ALIGNMENTS
4
LEARNING DOMAINS
4
SEMESTERS
Programme Overview

About the Programme

MSc Actuarial Science is a multi-disciplinary programme that applies both Qualitative and Quantitative (Mathematical and Statistical ) methods to assess and analyze different risks in various sectors like banking, insurance, manufacturing, trading and government organizations. This programme provides  a strong foundation in enhancing the  core principles and techniques of Actuarial Science and  equips students with adequate skills to analyze and solve real-world actuarial problems. Students will get a good exposure on market relevant tools and techniques used by actuaries from different domains.

Program Highlights: Curriculum alignment with IFOA/IAI and CAS syllabus Inclusion of technical skills training like R-programming and Microsoft Excel in the curriculum Facilitation for professional exams and internships IFOA/IAI/CAS qualified practising professionals as faculty members Recognised CAS Silver Partner for quality actuarial education

Multidisciplinary Risk Analytics

Build expertise at the intersection of mathematics, statistics, finance, and data analytics to assess and model risk across insurance, banking, manufacturing, trading, and government sectors.

Strong Actuarial Foundations

Develop a rigorous understanding of actuarial principles, quantitative techniques, and statistical methodologies required to solve complex real-world actuarial and financial problems.

Industry-Relevant Technical Training

Gain hands-on exposure to market-relevant tools, analytical platforms, and computational techniques widely used by actuaries for modelling, forecasting, and decision-making.

Professional & Career Readiness

Prepare for actuarial careers through practical problem-solving, professional exam-aligned learning, and application-oriented training designed to meet evolving industry expectations.

Why at Bangalore Central Campus

Why Choose This Programme?

Curriculum alignment with Institute and Faculty of Actuaries (IFoA)

Inclusion of soft skills training like R-programming

Facilitation for professional exams and internships

IFOA/IAI qualified practicing professionals as faculty members

Fostering holistic development through co-curricular activities

Professional competence to apply the fundamental theories

Areas of Specialisation

Choose Your Track

Actuarial Practice

Build expertise in insurance, pensions, pricing, reserving, and traditional actuarial applications.

Risk & Financial Analytics

Develop quantitative skills to model financial risk and support strategic business decisions.

Data Analytics & Research

Leverage data-driven methods, predictive modelling, and research for analytical innovation.

Learning Outcomes

What You Will Learn

Application of fundamental theories of actuarial science
Actuarial modeling to formulate solutions for problems concerning the industry
Proficiency to offer pertinent consultancy services
Expertise in risk management
Professional Ethics
Proficiency in insurance products and services
Advanced research and statistics
Academic Curriculum

Programme Structure

The programme structure outlines the academic curriculum designed to provide a systematic progression of learning through core subjects, electives, and practical components across semesters, ensuring both theoretical understanding and skill development.

Semester 1 — Foundations of Actuarial Science
COREFinancial Mathematics and Life Contingencies – I4 Credits
COREActuarial Statistics – I 4 Credits
COREBusiness Finance – I 4 Credits
CORELife Insurance and Pensions 4 Credits
COREBanking Practices3 Credits
COREFinancial Mathematics and Life Contingencies using Excel – I2 Credits
COREActuarial Statistics using R Programming – I 2 Credits
CORECore  |  ELECElective  |  SPEC Specialisation  |  AEC Ability Enhancement Course  |  SEC Skill Enhancement Course  |  DSE Discipline Specific Elective  |  VAC Value Added Course  |  MDCMultidisciplinary Course
Semester 2 — Applied Quantitative and Risk Modelling
COREFinancial Mathematics and Life Contingencies – II4 Credits
COREActuarial Statistics – II4 Credits
COREBusiness Finance – II3 Credits
CORERisk Modelling and Survival Analysis – I 4 Credits
COREBusiness Economics – I 3 Credits
COREFinancial Mathematics and Life Contingencies using Excel – II 2 Credits
COREActuarial Statistics using R Programming – II2 Credits
CORERisk Modelling and Survival Analysis using R Programming – I2 Credits
Semester 3 — Advanced Insurance and Economic Analytics
COREFinancial Mathematics and Life Contingencies – III4 Credits
COREEconomic Modelling – I 4 Credits
CORERisk Modelling and Survival Analysis – II 4 Credits
COREGeneral and Health Insurance4 Credits
COREBusiness Economics – II3 Credits
COREFinancial Mathematics and Life Contingencies using Excel – III2 Credits
CORERisk Modelling and Survival Analysis using R Programming – II2 Credits
COREEconomic Modelling using Excel – I 2 Credits
CORECore  |  ELECElective  |  SPEC Specialisation  |  AEC Ability Enhancement Course  |  SEC Skill Enhancement Course  |  DSE Discipline Specific Elective  |  VAC Value Added Course  |  MDCMultidisciplinary Course
Semester 4 — Research, Analytics and Professional Practice
CORERisk Modelling and Survival Analysis – III 4 Credits
CORECommunication and Ethics for Actuarial Science 2 Credits
COREEconomic Modelling – II4 Credits
COREResearch Methodology 2 Credits
COREEconomic Modelling using Excel – II2 Credits
CORERisk Modelling and Survival Analysis using R Programming – III2 Credits
COREAI in Data Analytics 2 Credits
COREExperiential Learning – Research Project4 Credits
COREExperiential Learning – Internship4 Credits
Admissions

Eligibility & Fee Structure

Eligibility Criteria
Fee Structure (Indicative)
After Graduation

Career Paths

Actuarial Analyst
Risk Management Actuary
Healthcare and Life Actuary
Reinsurance Actuary
Data Scientist / Data Analyst
Academician / Researcher
Insurance Pricing Analyst
Pension and Retirement Consultant
Financial Risk Analyst
Investment and Portfolio Analyst
Predictive Analytics Consultant
Enterprise Risk Consultant
Personalised Path

Your Career Roadmap

Select a specialisation track to explore the learning journey and career outcomes tailored to your chosen domain.

S1-S2
Core Professional Phase
Build expertise in insurance, pensions, pricing, reserving, and traditional actuarial applications.
S3-S4
Advanced and Application Phase
Build expertise in insurance, pensions, pricing, reserving, and traditional actuarial applications.
Actuarial Practice Track — Career Outcomes
Actuarial Analyst Pricing Analyst Reserving Analyst Healthcare and Life Actuary Reinsurance Actuary Pension Consultant
S1-S2
Core Professional Phase
Develop quantitative skills to model financial risk and support strategic business decisions.
S3-S4
Advanced and Application Phase
Develop quantitative skills to model financial risk and support strategic business decisions.
Risk & Financial Analytics Track — Career Outcomes
Financial Risk Analyst Enterprise Risk Consultant Investment Risk Analyst Credit Risk Analyst Portfolio Analyst Financial Modelling Consultant\r\n
S1-S2
Core Professional Phase
Leverage data-driven methods, predictive modelling, and research for analytical innovation.
S3-S4
Advanced and Application Phase
Leverage data-driven methods, predictive modelling, and research for analytical innovation.
Data Analytics & Research Track — Career Outcomes
Data Scientist / Data Analyst Predictive Analytics Consultant Quantitative Research Analyst Business Intelligence Analyst Academician / Researcher Decision Science Analyst
From the Department

Message from the HOD

HOD Name
Dr Soumya V
Professional Studies)
Bangalore Central Campus

Welcome to the Department of Professional Studies!

Nestled in the heart of India’s thriving startup ecosystem and Silicon Valley, the Department of Professional Studies offers some of the most specialized programs in commerce, management, accountancy, actuarial sciences, and entrepre

Read more...

Professional Studies, Bangalore Central Campus
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Message from the HOD

Welcome to the Department of Professional Studies!

Nestled in the heart of India’s thriving startup ecosystem and Silicon Valley, the Department of Professional Studies offers some of the most specialized programs in commerce, management, accountancy, actuarial sciences, and entrepreneurship. We take pride in being a diverse and dynamic department, deeply committed to social responsibility and nation-building.
With a distinguished faculty comprising seasoned academicians, accomplished researchers, industry experts, and practicing professionals, we bring a wealth of domain expertise—from commerce to actuarial sciences. Our approach is both proactive and evolutionary, ensuring that our students remain at the forefront of academic excellence and professional success.

Beyond our esteemed faculty, our curriculum is seamlessly integrated with global and national professional bodies, ensuring academic rigor, relevance, and real-world applicability. Our student-centered pedagogy emphasizes conceptual knowledge alongside practical implementation in real-world scenarios. We foster a holistic learning experience by blending academics with corporate exposure and societal engagement through internships, volunteering, extracurricular activities, community projects, and industry interactions. This strategic approach yields profound and lasting benefits, shaping students into well-rounded professionals while making a meaningful impact on academia, society, and industry.

Our department takes immense pride in its illustrious alumni, who hold key positions across the globe, as well as our strong collaborations with professional bodies and corporate partners. Our commitment to nation-building is evident in flagship initiatives such as the Pan-India Insurance Literacy Project, Financial Literacy Project, and Digital Skilling Mission, all of which have garnered national and global recognition from ranking and regulatory bodies, as well as industry leaders.

As you explore your options for higher education, we invite you to become a part of the Department of Professional Studies and embark on a transformative journey toward academic and professional excellence.

How to Join

Admission Process

1
Register
  • Register with your Email ID
  • Login to the Admission Portal
2
Apply Online
  • Fill the Application Form
  • Pay Application Fee
3
Entrance Test
  • Entrance Test (If Applicable)
  • Assessment
  • Interview
4
Result
  • Check login page for result
  • If selected, Offer Letter attached
5
Fee Payment
  • Pay Course Fee Online
  • Complete Admission Process
Ready to Apply?

Applications for the 2026 batch are open. Deadline: 26-May-2026.

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