Study Actuarial Science

Actuarial science courses abroad are primarily preferred by students nowadays for the curriculum that universities are adopting to make students industry ready. Most universities abroad teach different models, concepts and theories to help you understand the possibilities and outcomes in finance, commerce, or any other industry for that matter. Opting for an actuarial science course abroad will give you an upper hand in this cutthroat industry as it will provide you with tailor-made skills to climb up the ladder of your career. Studying abroad will force you to challenge your ideas and critically judge your own work for the better, as you will be exposed to new thoughts, new perspectives and new cultures. The fresh perspective would make you contemplate and reflect on your thoughts to unlock your untapped potential and grow exponentially, both on the personal and professional front.

An actuarial science course abroad will not only strengthen your statistical, mathematical and problem-solving skills – it will also deepen your understanding of various financial concepts to measure the intensity of future uncertainties and manage them accordingly. The workshops, problem-solving sessions, and practical assignments provided under this course will boost your confidence as an actuary to survive in this industry. The program module is such that your decision-making skills will improve to quickly process the sudden uncertainties and come up with the best possible solutions for businesses to get through them.

Areas that will be covered in this course:

1. Business economics
2. Management accounting
3. Mathematical methods
4. Probability and statistics
5. Finance and financial analysis
6. Actuarial modelling
7. General insurance

Requirements and eligibility are different for different universities, but the one common requirement for all universities abroad is to pass any one of the English proficiency exams, such as the TOEFL, IELTS, PTE, etc. English proficiency is mandatory to study actuarial science courses abroad, whether it's a bachelor’s degree or a master’s.

Check out the table below for the requirements you need to meet to be eligible for the course:

The scope for an actuarial science degree is huge and wide. As finance is a prominent aspect of any organisation, it wouldn’t be wrong to say that the demand for actuaries would never die down. With the advent of the internet and technology, the need for those who can study data and analyse trends to make predictions for future investments and quantify risks is constantly growing among businesses. Industries are demanding actuaries who can efficiently use technology to manage, handle and help their finances grow. 

Actuaries are well versed in statistics and probability, with which they make predictions on the possibilities and outcomes of the finances. They also help develop policies to avoid or cut down risks for the company. Their mathematical skills come in handy to provide inputs on insurance, investment and pensions. These critical thinking and analysing skills of actuaries keep them in demand across businesses and industries. With their apt skills and knowledge of the industry, actuaries don’t only manage to climb up to higher job positions quickly, but also manage to earn a handsome amount of money.

Possible career paths with actuarial science:

1. Financial adviser
2. Insurance actuarial analyst
3. Actuarial consultant
4. Business analyst
5. Insurance underwriter
6. Investment analyst
7. Financial planner
8. Mortgage advisor
9. Economist
10. Statistician

Studying this course in the most popular study destinations will not only set you up for success in the near future in the industry – it would also shape up your thought process for the better. There are ample opportunities for you to consume knowledge and live some of the most unforgettable and meaningful experiences while studying abroad. Here is the list of top countries to study actuarial science: