Look Out For Career In Actuarial Science | The Academic Junction

Why Actuarial Science as a career prospect after Class XII th ?

 Having strong foundation in Mathematics?

 Want to play with numbers?

Then consider Actuarial Science as a career!!

Given Class XII th Board Exams?

- Lots of Interest in Maths/Statistics
- Not planning for CA/CFA?
- Not got good % but having good marks in Mathematics.
- Have not cleared any Entrance Test?
- Not planning to drop a year for BTech?

- Not planning for BTech/MBBS?

Who is an Actuary?

Actuaries help to manage risk by helping organizations plan for the future and protect themselves from loss.

Actuaries are experts in -

1. Evaluating the likelihood of future events-using numbers.
2. Designing creative ways to reduce the likelihood of undesirable events. 
3. Decreasing the impact of undesirable events that do occur.

For example -

Establishing retirement plans, determining minimum contribution to be paid by employer and employee, funding level of the scheme, determining the amount of car premium charged by insurance company from its customers by making an allowance for profit, expenses and a contingency margin, determining the premium to be charged by life insurance company in case of death benefit to be provided to member insured, undertaking asset liability matching.


The Academic Junction is the Best Actuarial Science Coaching Institute that provides coaching for Actuarial Science subjects. So all the freshers looking to start Actuarial Science check out the following website- http://www.theacademicjunction.co.in/

So along with your Graduation, start Actuarial Science now to get these

Benefits!!

 World Wide Recognized course.
 High chances of getting a job just after clearing 3-4 exams along with your graduation.
 Starting Package with 3-4 exams (4 lakhs- 8lakhs) and after becoming Qualified Actuary sky is the limit.
 After job, all educational expenses will be borne by the employer.
 Study support in terms of incentives and study leaves will be provided by company.

Join the Best Actuarial Science coaching institute- The Academic Junction and increase your chances of becoming an actuary.

Actuarial Science Video Lectures, Actuarial Science Classroom Lectures and Actuarial Science Live Online Classes by All India Toppers and Nearly Qualified Actuaries makes them different from others.

As their tagline says & quot;Your partner in Academic Journey & quot; so The Academic Junction will support and guide you in your entire Actuarial Journey throughout your career. Coaching is provided for all Core Principles, Core Practices and Specialized Principle exams of Institute of Actuaries of India (IAI) and Faculty of Actuaries, UK (IFOA). They are leaders in exam training with a success rate of more than 80%.

Their team of educational experts and career counsellors help structure the training material for students as easy as possible to help them gain knowledge and crack exams in their very first attempt only.

For more info you may visit our youtube channel https://www.youtube.com/watch?v=gph1andn6sk

Actuarial Science Exams Explained in Detail by The Academic Junction

Below we will explain different Actuarial subjects in detail-

CS1- Actuarial Statistics

This subject equips the students with knowledge of statistical distributions using R.

This will be examined in a set of 2 papers. CS1A is 3 hours paper based assessment to taken at examination centre and CS1B is 1 hour 45 minutes online exam which can be taken at home or in office and tests R programming along with Statistics. Both elements need to be taken at the same examination sitting. Failure to reach the overall pass mark will require both elements of assessment to be retaken. 

CS2- Risk Modelling and Survival Analysis

This subject equips the students with knowledge of different statistical methods for risk modelling and machine learning using R.

This will be examined in a set of 2 papers. CS2A is 3 hours paper based assessment to taken at examination centre and CS2B is 1 hour 45 minutes online exam which can be taken at home or in office and tests R programming along with Statistics and Modelling. Both elements need to be taken at the same examination sitting. Failure to reach the overall pass mark will require both elements of assessment to be retaken.

Actuarial Science Video Lectures, Actuarial Science Online Coaching and Actuarial Science Classes are available for Actuarial Science Subjects by All India Toppers. "The Academic Junction is the Best institute for Actuarial Science Coaching in  India"

CM1- Actuarial Mathematics

This subject equips the students with knowledge of principles of actuarial modelling, interest rates and cashflow techniques using Excel.

This will be examined in a set of 2 papers. CM1A is 3 hours paper based assessment to taken at examination centre and CM1B is 1 hour 45 minutes online exam which can be taken at home or in office and tests Excel programming along with Actuarial Modelling and mathematical techniques. Both elements need to be taken at the same examination sitting. Failure to reach the overall pass mark will require both elements of assessment to be retaken.

CM2- Loss Reserving and Financial Engineering

This subject equips the students with knowledge of financial markets, derivatives and reserving techniques using Excel.

This will be examined in a set of 2 papers. CM2A is 3 hours paper based assessment to taken at examination centre and CM2B is 1 hour 45 minutes online exam which can be taken at home or in office and tests Excel programming along with Reserving and financial market techniques. Both elements need to be taken at the same examination sitting. Failure to reach the overall pass mark will require both elements of assessment to be retaken.

Enroll now in the Best Actuarial Science Coaching Institute- The Academic Junction.

CB1- Business Finance

This subject equips the students with knowledge of corporate finance, financial statements and different company structure.

It is 3 hours paper based assessment to taken at examination centre.

CB2- Business Economics

This subject equips the students with knowledge of main principles of economics and their application in business context.

It is 3 hours paper based assessment to taken at examination centre.

CP1- Actuarial Practice

This subject builds on the technical material covered in all earlier subjects and uses the techniques to solve actuarial problems and case studies.

CP1 consists of 2 papers. Paper 1 is 3 hours 15 minutes written assessment to be taken at examination centre and Paper 2 is 45 minutes reading time and 2 hours 30 minutes paper based assessment to be taken at examination centre.  Both the elements need to be taken at same examination sitting.

CP2- Modelling Practice

CP2 is an online exam consisting of 2 papers. Both paper 1 and paper 2 are 3 hours 15 minutes problem based assessment which can be taken at home or in office. Both the elements need to be taken at same examination sitting.

CP3- Communications Practice

CP3 is an online exam consisting of 3 hours paper based assessment to be taken at home or in office.

SP4- Pensions

This subject equips the students with the main principles of actuarial planning and control needed for financial management of pensions and other benefits.

It is 3 hours paper based assessment to taken at examination centre

SP5- Investment and Finance

This subject equips the students with the main principles of actuarial planning and control needed for financial management of investments.

It is 3 hours paper based assessment to taken at examination centre.

All the details relating to Actuarial Science, demo classes and entry criteria can be checked in detail on website- http://www.theacademicjunction.co.in/

Where to kick start your dream Actuarial Science Career from?

With Evolution in Actuarial Industry, The Academic Junction has designed various modes of providing coaching to students. Students can take different programmes depending on their time schedule, their work commitments, their office hours, college timings and other social commitments.


We at The Academic unction provides Live Online Actuarial Science Video Lectures, Actuarial Science Video Lectures and also Classroom Lectures for all Core Principles, Core Practices and Specialized Principle exams of Institute of Actuaries of India (IAI) and Institute and Faculty of Actuaries(IFOA).


The Strategy adopted at The Academic Junction for Actuarial Science Classes help students clear exams in first attempt only through Detailed Study Plans, Chapter Wise Summary Notes and Weekly
Assessments and detailed feedback sharing on attempted assessments by eminent faculties from professional and academic fields with a unique blend of young and experienced teachers.


The Academic Junction is the best coaching for Actuarial Science in India as classes are held by working professionals who themselves are All India Actuarial Science Subject Toppers, will support and guide you in your entire actuarial journey throughout your career.

The Academic Junction aims to support you throughout your career so that you can develop or enhance the knowledge, skills and attributes appropriate to both current and future needs of actuarial practice. Students are prepared for better education, problem solving and analytical skills and the ways to succeed in this competitive global economy.

Actuarial Science as a Dream Career

Actuaries help to manage risk by helping organizations plan for the future and protect themselves from loss. Actuaries are experts in evaluating the likelihood of future events using numbers, designing creative ways to reduce the likelihood of undesirable events and decreasing their impact.
Actuarial Science is a profession where Actuaries use their mathematics and statistics skills to understand, assess and solve problems related to the financial impact of risk and uncertainty in the business, thereby help us take informed decisions which will lead to the least probability of financial losses.

Why to Join Actuarial Profession?

If you are someone who appreciates numbers and their potential, you should consider joining the Actuarial Profession. Actuaries work in the areas of General Insurance, Health and Care, Investment, Life Insurance, Financial Risk Management etc. A career as an Actuary gives you the chance to apply your skills in Mathematics and Statistics to real world challenges.

Where do Actuaries work?

 Banks and investment firms

 Public accounting firms

 Life Insurance Companies

 General Insurance Companies

 Pension Fund Companies

 Reinsurance Companies

 Risk Management Companies

 Consultancies

 Colleges and universities

 Rating bureaus

This is a short blog explaining the scope of Actuarial Science. More details relating to Actuarial Science,our demo classes and entry criteria can be look out in details in website- www.theacademicjunction.co.in.