Bachelor of Science [B.S] (Actuarial Science)
STEM Course
4 years
Full Time
On Campus
Field of Study:
₹13.7 L/Yr
$16,480 /Yr
- BSc in Computer Engineering at the Auburn University is a 4 year, 120-credit program.
- It is an on-campus program offered on a full-time basis.
- Actuarial science is also applied to Casualty, Property, General insurance and Liability.
- The professionals who are qualified in this field through intense education and experience are known as “Actuaries”. They apply their mathematics and statistics skills to solve real business problems. Actuary calculates insurance risks and premiums.
- Actuaries provide professional services with an extensive range of business and social contexts that are: Investment and Financial Services, Life Insurance, Health Insurance, General Insurance and Employee Retirement and Benefit Plans.
-
In the late seventeenth Century, Actuarial science became a formal mathematical discipline because of the increased demand for long-term insurance coverage such as Burial, Life insurance, and Annuities.
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Important Dates
| Event | Application Date |
|---|---|
| Regular Application Deadline | |
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹1366027 (USD 16480) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Board(On Campus/Off Campus) | ₹621592 (USD 7499) |
| Miscellaneous expenses | ₹299564 (USD 3614) |
| Total Cost | ₹921156 (USD 11113) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students must graduate from a U.S. high school.
- Students must have their foreign transcripts evaluated by an independent credentials evaluator.
- .Students are required to maintain at least a 3.0 overall GPA.
Language Requirments:
- Students whose official language is not English are required to submit IELTS or TOEFL scores.
- Students are required to submit an SAT or ACT score to be considered for admission.
International students who currently or will hold a degree from an institution where English is the primary language of instruction, do not need to submit a TOEFL or IELTS score report.
TOEFL, PTE, and IELTS scores are only considered official when they are sent to the Office of Admissions directly from the Educational Testing Service (ETS).
Scores Required
Required Document List
The following required documents are:
- CV/Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Academic records: The marks statement provided by the education board after completion of the previous academic qualifications.
- Three Letter of Recommendation: A recommendation letter should include information about the student, their connection with the person they are recommending, why they are qualified, and the specific skills they have.
- Statement of Purpose - This is an essay or any written statement written by the student while applying.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.
- Transcripts: Official transcripts from all educational institutions students have attended.
- Online application form: Students have to submit an online application form at the official website.
VISA & Work Study
VISA
- International Student and Scholar Services will process an I-20 or DS-2019 (U.S. DHS Certificates of Eligibility) needed for visa applications after students have been formally admitted to Auburn.
- For undergraduate students, ISSS normally receives and processes the admissions paperwork needed to create these documents approximately a week after students have received admission notification.
- For graduate students, this occurs approximately two weeks after students have been fully accepted by the Graduate School.
Career and Placement after Course
Higher studies options after B.Sc in Actuarial Science
- Master of Science in Actuarial Science
- Post Graduate Diploma in Actuarial Science
- PG Diploma in Insurance and Risk Management
- PG Diploma in Insurance Science
- PG Diploma in management of Insurance and financial services
Skills required to become an Actuary:
- Depth knowledge of statistics and Mathematics
- Natural problem-solving
- Good communication skills
- A good sense of business
- Possess good modeling skills
Top Recruiters:
- Max Bupa Health Insurance
- IDBI
- McKinsey Advanced Healthcare Analytics
- Towers Watson
- Mercer
- Directorate of Postal Life Insurance
- E&Y
- WNS
- PwC Actuarial Services India
- Milliman
- Swiss Re
- Future Generali
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| VueVille Future Technology Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Axol Science Scholarship | Scholarship per student₹ 1.7 L/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
| Chuan Ai Lu Engstrom Memorial Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| ASID Foundation Legacy Scholarships | Scholarship per student₹ 3.3 L/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Microsoft Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| YouAreWelcomeHere Scholarships | Scholarship per studentVariable Amount | Level Of StudyApprenticeship | TypeTuition-Fee-Waiver |
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