M.Phil. Actuarial Science

M.PHIL. ACTUARIAL SCIENCE All You Need To Know

Actuarial Science is a field that deals with assessing risks and uncertainty in various fields such as insurance, finance, healthcare, and many more. M.Phil. Actuarial Science is a two-year postgraduate course that provides advanced education in Actuarial Science. This article will cover all the essential details about M.Phil. Actuarial Science, including entrance exams, admission procedures, eligibility criteria, selection criteria, application process, fees, syllabus, and career opportunities.

Highlights of M.Phil. Actuarial Science

The highlights of M.Phil. Actuarial Science are as follows:

Course Name: M.Phil. Actuarial Science

M.Phil. Actuarial Science Course Level:

Postgraduate

M.Phil. Actuarial Science Course Duration:

Two years

M.Phil. Actuarial Science Eligibility:

Bachelor’s degree in Actuarial Science or related field with a minimum of 50% marks

M.Phil. Actuarial Science Admission Process:

Entrance Exam based

M.Phil. Actuarial Science Top Entrance Exams:

UGC NET, CSIR NET, and SLET

M.Phil. Actuarial Science Course Fee:

INR 50,000 - 2,50,000 per annum

M.Phil. Actuarial Science Career Opportunities:

Actuary, Risk Analyst, Financial Analyst, Investment Analyst, Insurance Analyst, etc.

M.Phil. Actuarial Science Average Salary:

INR 4,00,000 - 12,00,000 per annum

Entrance Exams for M.Phil. Actuarial Science

To get admission to the M.Phil. Actuarial Science course, candidates need to appear for entrance exams. Here are the top entrance exams for M.Phil. Actuarial Science:

M.Phil. Actuarial Science UGC NET

Conducting Body: National Testing Agency (NTA)

M.Phil. Actuarial Science Exam Duration:

180 minutes

M.Phil. Actuarial Science Exam Mode:

Computer-Based Test (CBT)

M.Phil. Actuarial Science Subjects:

Actuarial Science, Commerce, Economics, Management, and Mathematics

M.Phil. Actuarial Science Exam Pattern:

2 papers (Paper-I and Paper-II)

M.Phil. Actuarial Science Total Questions:

150 (Paper-I - 50 questions, Paper-II - 100 questions)

M.Phil. Actuarial Science Marking Scheme:

+2 for every correct answer, no negative marking

M.Phil. Actuarial Science Application Fee:

INR 1,000 (General), INR 500 (SC/ST/OBC/PwD)

M.Phil. Actuarial Science CSIR NET

M.Phil. Actuarial Science Conducting Body:

Council of Scientific and Industrial Research (CSIR)

M.Phil. Actuarial Science Exam Duration:

180 minutes

M.Phil. Actuarial Science Exam Mode:

Computer-Based Test (CBT)

M.Phil. Actuarial Science Subjects:

Mathematical Sciences

M.Phil. Actuarial Science Exam Pattern:

2 papers (Paper-I and Paper-II)

M.Phil. Actuarial Science Total Questions:

120 (Paper-I - 20 questions, Paper-II - 100 questions)

M.Phil. Actuarial Science Marking Scheme:

+2 for every correct answer, -0.5 for every incorrect answer

M.Phil. Actuarial Science Application Fee:

INR 1,000 (General), INR 500 (OBC), INR 250 (SC/ST/PwD)

SLET

M.Phil. Actuarial Science Conducting Body:

State Level Eligibility Test Commission

M.Phil. Actuarial Science Exam Duration:

120 minutes

M.Phil. Actuarial Science Exam Mode:

Offline

M.Phil. Actuarial Science Subjects:

Commerce, Economics, Management, and Mathematics

Exam Pattern: 2 papers (Paper-I and Paper-II)

M.Phil. Actuarial Science Total Questions:

150 (Paper-I - 50 questions, Paper-II - 100 questions)

Marking Scheme: +2 for every correct answer, no negative marking

M.Phil. Actuarial Science Application Fee:

INR 800 (General), INR 400 (SC/ST/PwD)

Admission Procedure for M.Phil. Actuarial Science

The admission procedure for M.Phil. Actuarial Science is as follows:

Check the eligibility criteria and apply for the entrance exams.

M.Phil. Actuarial Science is a research level Actuarial Science course. Actuarial administrations, transcendently in protection and annuities however progressively in a lot more extensive scope of exercises, are fundamentally significant, to the exhibition of customers, to the long haul prosperity of shoppers, and to the solidness of the monetary framework. The course manages the use of measurable and scientific procedures to compute the hazard associated with fund and protection segments. It settles monetary dangers in the protection and speculation division utilizing scientific and factual techniques. 

Eligibility:

• To seek after M.Phil., one needs to have a Master's degree in related subject. Up-and-comers need to gain 55% stamps in the subject picked for M.Phil. course or an associated subject at the postgraduate level to be viewed as qualified for the course. The rate Norm may fluctuate from Institute to Institute. 
• A composed test possibly directed to evaluate the competitor's learning. The individuals who qualify in the composed test will be required to show up in a meeting. Certain establishments waiver passageway test if the applicant has qualified in NET, SET or proportionate national-level assessment.

Job Types 

• Accountants and Auditors
• Budget Analysts
• Cost Estimators
• Economists
• Financial Analysts
• Insurance Underwriters
• Mathematicians and Statisticians
• Personal Financial Advisors