Bangalore Central Campus

Bachelor of Science Actuarial
Science

Open from: 08-Dec-2025 | Open until: 24-May-2026

Curriculum alignment with IFOA/IAI and CAS syllabus IFOA/IAI/CAS qualified faculty professionals Technical skills training Risk Modelling and Management Data Analytics
6
Semester
2
Specialisations
3 Yrs
Duration
Top 50
B-School India
Applications OpenUntil 24-May-2026
15 +
industry connect
2
professional body alignment
2
specializations
6
semesters
Programme Overview

About the Programme

The BSc Actuarial Science degree is designed to build expertise in applying quantitative (Mathematics and Statistics) and qualitative methods to the assessment of risk. This robust, multi-disciplinary approach prepares students to analyse and manage risk for a wide range of organizations, including insurers, banks, government bodies, and trading firms. The program ensures students are grounded in actuarial science fundamentals and proficient in using relevant market tools to tackle practical actuarial challenges effectively. Program Highlights Curriculum alignment with IFOA/IAI and CAS syllabus Inclusion of technical skills training like R-programming, Python and Microsoft Excel in the curriculum IFOA/IAI/CAS qualified practising professionals as faculty members.

Robust Core Curriculum

The programme offers students with the fundamental analytical frameworks required to measure, evaluate, and mitigate complex financial risks across the global banking and insurance sectors.

Global Professional Alignment

The course is structurally mapped to the global syllabi of the Institute and Faculty of Actuaries (IFoA, UK), the Institute of Actuaries of India (IAI), and the Casualty Actuarial Society (CAS), giving students a significant head start on clearing professional exams

Tech-Driven Modeling

Students graduate with hands-on proficiency in software and languages critical to the modern financial ecosystem— Python, R Programming, SQL, and Advanced Excel.

Industry Readiness

Professionally qualified experts sessions to create industry-ready candidates for high-demand roles like Risk Managers, Asset-Liability Analysts, and Actuarial Consultants

Why BSCAS at Bangalore Central Campus

Why Choose This Programme?

Curriculum aligned with the syllabi of Institute and Faculty of Actuaries (IFOA), Institute of Actuaries of India (IAI), and Casualty Actuarial Society (CAS)

Integrated training in technical skills such as R programming, Python, SQL

Dedicated support for professional actuarial examinations and internship opportunities

Faculty comprising practising professionals qualified through IFOA, IAI, and CAS

Emphasis on holistic student development through a wide range of co-curricular activitiesns

Recognised as a CAS Silver Partner for excellence in actuarial education

Areas of Specialisation

Choose Your Track

Insurance

Life Insurance, General Insurance, and Health Insurance to teach risk pooling, contract workflows, and regulatory compliance. Transitioning to Basic Ratemaking and practical modeling labs to calculate prospective reserves and price volatile insurance products.

Data Analysis

Technical proficiency through hands-on computational modules in Excel for Data Analytics, Introduction to Python Programming, and R Programming. Scale up to enterprise-level data architecture, utilizing Introduction to SQL, DBMS and Visualisation, and a capstone framework in Predictive Modelling

Investment Analysis

Financial markets and asset mechanics woven into curriculum to establish a firm understanding of asset valuations and risk-return trade-offs. The track expands to Investment Analysis and Portfolio Management, where students learn security evaluation techniques to strategically optimize asset allocation and balance investment returns with long-term institutional liabilities.

Learning Outcomes

What You Will Learn

Fundamental and advanced actuarial principles applied to life, health, and general insurance.
Mastery of quantitative methods to assess financial risks and create solutions.
Proficiency in programming tools (Python, R, SQL) for actuarial modeling and data analysis.
Deep understanding of insurance products, regulatory frameworks, and financial systems.
Critical thinking and research skills to address emerging challenges in risk management.
Ethical decision-making and sustainable practices in actuarial science.
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 — BIntroduction to actuarial mathematics and statistics
COREBIntroduction to actuarial mathematics and statistics4 Credits
COREIntroduction to Finance4 Credits
COREMicro Economics 4 Credits
ELECExcel for data analytics and automation 3 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 — Life Insurance
CORELife Insurance 3 Credits
CORECore Statistics - I4 Credits
CORECore Finance4 Credits
ELECR-Programming-I3 Credits
Semester 3 — Macro Economics
CORECore Mathematics - I4 Credits
CORECore Statistics - II4 Credits
COREMacro Economics4 Credits
COREGeneral Insurance - P&C Insurance fundamentals4 Credits
ELECR programming II3 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 — Communication and ethics for Actuarial Science
CORECore Mathematics - II 4 Credits
COREHealth Insurance4 Credits
COREIntroduction to Python Programming4 Credits
COREResearch Methodology2 Credits
CORECommunication and ethics for Actuarial Science3 Credits
COREData concept and visualisation3 Credits
COREFinancial mathematics using Excel2 Credits
Semester 5 — Modelling Practice
CORECore mathematics-III4 Credits
COREExcel for Life contingencies4 Credits
COREModelling Practice 4 Credits
COREIndustry Practicum4 Credits
ELECAdvanced Banking and Risk Frameworks4 Credits
ELECInvestment analysis and Portfolio management4 Credits
CORECore  |  ELECElective  |  SPEC Specialisation  |  AEC Ability Enhancement Course  |  SEC Skill Enhancement Course  |  DSE Discipline Specific Elective  |  VAC Value Added Course  |  MDCMultidisciplinary Course
Semester 6 — Intro to Risk Modelling
COREIntro to Risk Modelling4 Credits
COREData handling using SQL, Excel and R4 Credits
CORECredit risk management4 Credits
COREPredictive Analytics Project with Python / R4 Credits
ELECEnterprise risk management4 Credits
ELECBasic Ratemaking43 Credits
Admissions

Eligibility & Fee Structure

Eligibility Criteria
Fee Structure (Indicative)
After Graduation

Career Paths

Risk Manager
Data Analyst
Financial Analyst
Insurance Underwriter
Pension Consultant
Quantitative Analyst
Actuarial Consultant
Asset-Liability Management Specialist
Personalised Path

Your Career Roadmap

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

S1-S2
Foundation Phase
Focus on risk management and statutory frameworks via Life Insurance and General Insurance -contract conditions, risk classification, policy underwriting workflows .
S3-S4
Core Professional Phase
Focus on P&C Insurance Fundamentals and Health Insurance, short-term risk metrics, indemnity clauses, and how to handle historical data structures using statistical programming environments
S5-S6
Advanced and Application Phase
Intensive hands-on training on predictive statistical frameworks to calculate premium rates, determine exposure bases, apply expense loadings, and build retrospective or prospective financial reserves
Insurance Track — Career Outcomes
Life Actuarial Analyst, P&C Pricing Analyst, Reserving Actuary, Health Risk Specialist, Catastrophe (Cat) Modeler\r\n
Average Starting Package: ₹ 6 - 11.5 LPA
S1-S2
Foundation Phase
Computational training begins with Excel for Data Analytics and R-Programming
S3-S4
Core Professional Phase
Focus deepens with Introduction to Python Programming and advanced mathematical tools
S5-S6
Advanced and Application Phase
Focus on enterprise-level data architecture via Introduction to SQL and DBMS and Visualisation culminating in a capstone framework in Predictive Modelling.
Data Analysis Track — Career Outcomes
Actuarial Data Scientist Quantitative Risk Analyst Data Visualization Specialist Business Intelligence Analyst Predictive Modeler\r\n
Average Starting Package: ₹ 6.0 – 12.5 LPA
S1-S2
Foundation Phase
Establishes corporate finance basics through core finance course.
S3-S4
Core Professional Phase
Merges financial mathematics with economic theory and financial mathematics using Excel.
S5-S6
Advanced and Application Phase
Focus on advanced asset strategies through investment analysis and portfolio management
Investment Analysis Track — Career Outcomes
Asset-Liability Management (ALM) Specialist Investment Analyst / Portfolio Manager Quantitative Analyst Credit Risk Analyst Financial Risk Consultant\r\n
Average Starting Package: ₹ 6 LPA– 13.0 LPA
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
×

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: 24-May-2026.

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