Career Option: Actuary

Eligibility

To enter this stream, students are supposed to pass 10+2 stream with equivalent marks in various subjects and disciplines. Students having bachelor’s degree in any stream will also do. This profession is all about making and securing financial assets of an organization. Students having Post graduate degrees can also apply.

How to become Actuary

To become an Actuary, people can take up any equivalent courses consisting of 15 subjects and 1 optional subject. There are various subjects that deal with the financial topics and subjects in India. A student after clearing of all the financial subjects becomes eligible to get the Certificate of Actuarial Techniques(CAT). The student then becomes eligible to get admitted as an Associate member of society. There is no duration to clear entrance exam. These exams are held every year in the month of May/June and Oct/ November.

Job profile of Actuary

• The key responsibility of an actuary is to work on the financial assets of an individual.
• The key responsibility of an actuary is to predict the outcome of future contingencies.
• The key responsibility of an actuary is to formulate solutions on various financial problems.
• The key responsibility of an actuary is to work as a team member.
• The key responsibility of an actuary is to provide management at all the levels of the organization.
• The key responsibility of an actuary is to make decision in hard times.

Salary Range for Actuary

The starting stipend earned by the actuary professional can start from Rs 25,000 per month. This goes on increasing further with the increase in position and experience.