Demand and Rewards for Actuaries in India

 

The demand for Actuaries in India was estimated at 12,000 by the year 2010. This was announced at the 4th Global Conference of Actuaries at New Delhi in 2002. However, by 2010, there were only 216 Fellow Actuaries and 130 Associate Actuaries.

 

Today most of the actuarial jobs particularly in product pricing, asset valuations, compensation plan designing and various other non-insurance areas needing actuaries are carried out by MBAs or other professionals who are not the best choices for the purposes. The most important reason for a slow growth rate is poor awareness and lack of educational facilities to provide good quality training. As a result an increasing number of students go to UK and USA for an undergraduate or postgraduate study in the subject of Actuarial Science.

 

Actuarial jobs are consistently amongst the top best paid jobs in USA since compilation of data in 1989. While practicing actuaries earned much more, more than 90% of Fellow Actuaries earned annual salary between $100,000 and $500,000 in USA. Typically fully qualified actuaries in India earn annual compensation packages of Rs. 4 million upwards.

 

ANNOUNCEMENT
Admission Process Application Forms are Available at our office for the academic year 2017-18.
You can read Reviews by our alumni and students at the link:
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We are delighted to announce one more alumnus to qualify as Fellow of Institute of Actuaries of India in March 2017: Divya Dadlani. Congratulations to Divya and Team DSACtEd!
Hearty Congratulations to our T. Y. B. Sc. student: DIVYAM SANKHARVA FOR Heading the PASS LIST of CT8 examination held by Institute of Actuaries of India in September, 2016
Congratulations to all our students for putting up a good show at IAI exam. held in March, 2017
We are proud to announce successes of our alumni at the April, 2016 examination held by Institute of Actuaries of India:-Shilpi Jain has qualified as Fellow Actuary Krupa Shah has topped Pass list of ST4 Rushabh Shah has topped ST6 Pass List. Hearty Congratulations to all of them and many others who passed in various subjects!!!
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