Department of Actuarial Science
General Information
Founded in 2018, Department of Actuarial Science and Quantitative Finance helping students to pursue Actuarial Science and Quantitative Finance studies in India through a formal education system. Our mission is to provide premier and comprehensive education in the field of Actuarial Science and Quantitative modeling which is extensively used in the BFSI industry and to bridge the gap between Education and Care
Our vision is to revolutionize the learning experience of students and focus on holistic development and the nurturing of well-learned leaders. So, besides following a career as an actuary, an actuarial science graduate can fill several challenging positions like an actuarial consultant, underwriter, insurance actuarial analyst, business analyst, investment analyst, risk analyst, and many more.
The Masters with intake capacity 20, is conferred by the University of Mumbai. Our campus is located at All India Institute of Local Self Government (AIILSG), Andheri West, Mumbai. High degree of emphasis on building strong industry connections. Practical training, internships and workshops to help in collaborating with the corporate world. M.Sc. Actuarial Science is currently the only program in India that offers exemption upto 7 of IFOA core principal subjects.
The year placement numbers has been great with modal salary laying between 8 to 12 LPA.
Akash Rughani
Program Director/BCom, CA, FRM, 6 Actuarial Papers
Teaching Experience
13 years
Area of Specialization
Finance
Aman Loharuka
Academic Director/BCom,14 Actuarial papers
Teaching Experience
4 years
Area of Specialization
Actuarial
Harshwardhan Ranasaria
Program Coordinator/BCom, CA, CFA level 2, FRM
Teaching Experience
18 years
Area of Specialization
Finance
Vivek Datta
Placement Director/B. Sc (Statistics with Computer Science), Qualified Actuary
Teaching Experience
13 years
Area of Specialization
Statistics and Actuarial
Syllabi
:
1- Basics of Finance, Types of Business Entities, Indian and International Tax System and Sources of Finance – 1 & 2
2- Capital Structure and Financial Leverage, Dividend policy and decisions, Mergers and Divestitures and Financial Planning
3- Accounting Terminology, Regulatory overview, Introduction to Financial Reporting and Management Accounting
4- Analysis of accounts/ Fundamental analysis, Cost of Capital and Project Assessment
Achievements
CP1 Exemption Granted
- IAQS is thrilled to announce that our M.Sc. in Actuarial Science program has been granted CP1 exemption by the IFoA, making it the only postgraduate program in India to offer exemptions for 7 IFoA Core Papers. 🌟
FIS Renewal
- IAQS HAS RENEWED ITS PARTNERSHIP WITH FIS TO TRAIN INDIA’S NEXT GENERATION OF ACTUARIES. FIS WILL BE PROVIDING THE TECHNOLOGY IN THE FORM OF INSURANCE RISK SUITE (FORMERLY PROPHET)
Tie up with ANU
- Embark on a transformative academic journey as IAQS proudly partners with the Australian National University (ANU). This exclusive collaboration offers direct entry to ANU’s MSC and BSC programs.
Tie ups with Heriot-Watt University and Bayes Business School
- Embark on a transformative academic journey as IAQS proudly partners with the Heriot-Watt University and Bayes Business School. This exclusive collaboration offers direct entry to their respective MSC programs
Hosted IFoA Presidential Meet at IAQS
- IAQS hosted the IFOA President at our Campus in Andheri, Mumbai. The event hosted the following guests: Thomas Mathew, Ex Chairman LIC Kalpana Shah, President, IFoA Vikas Newatia, CEO, RSA Tanveer Quraishi, Head of Analytics at Marsh McLennan Vighnesh Mehta, Head of Risk at Yes Bank