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.

 

We are proud to announce THREE more Actuaries (qualified in the second half of 2017) from amongst our alumni:

1. Jinal Pandit Sheth, Fellow of Institute of Actuaries of India 

2. Kshitij Shah, Fellow of Institute and Facuty of Actuaries, UK

3. Krithika Verma, Fellow of Institute of Actuaries of India 

You can read Reviews by our alumni and students at the link:
Read Reviews

Hearty Congratulations to

[1] Kshitij Shah for standing First in CA3 examination held by Institute of Actuaries of India in July, 2017

[2] Albina Chettiar for securing highest marks in the subject of ST2 in the examination of institute of Actuaries of India held in September, 2017.

Congratulations to all our students for putting up an excellent performance at IAI exam. held in September, 2017 and IFoA, UK held in October, 2017
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