Table of Contents
How much does a fresher actuary earn in India?
The average Actuary salary in India is INR 10.11 lakh per annum. Pay in this field starts from INR 3.5 lakh per annum and goes up to INR 50 lakh per annum depending on multiple factors such as your experience and skills.
Is being an actuary worth it in India?
If it satisfies your academic interests, it is definitely worth it. On financial standpoint, you don’t start earning huge immediately on getting a job. It’s quite a steep graph. But growth factor is huge.
How many exams are there in actuarial science in India?
Step:-2 HOW?
| Basis of difference | IAI | IFoA |
|---|---|---|
| Entrance Fees | ACET INR 3000 | (For Non-Member CM-1/CS-1) Reduced Rate £180 Full Rate £320 |
| Membership Fees | INR 3000 | Reduced Rate 208 GBP Full Rate 320 |
| Exams Allowed Per Attempt | Maximum 3 Subjects Per Attempt | No Limit |
| Exam Months | Update Soon | April/ September |
How is the field of actuarial science in India?
The field of actuarial science is relatively new in the Indian context and has slowly been gaining traction over the last couple of years. Even with a population that exceeds a billion individuals, India still only has close to 500 professional actuaries.
Why is there a shortage of Actuaries in India?
One of the reasons behind such a lag in demand and supply is the lack of awareness among the students. The Scope of Actuarial Science in India is immense. As per the data, there are only 9,000 actuaries among 1.3 billion citizens in India. What is interesting is that Actuarial Science is one of the highest-paying jobs.
How to become a professional actuaries?
Individuals who clear the first 2 stages are deemed as Associates with the IAI. Passing 5 actuarial exams is sufficient to land a job as an actuary. Those that clear all stages and attain a minimum of 3 years of work experience become professional actuaries.
What are the top 10 accounting firms in India?
1 Price Waterhouse Coopers (PWC) 2 Deloitte 3 Ernst & Young (EY) 4 Klynveld Peat Marwick Goerdeler ( KPMG) 5 WNS global services 6 Willis Towers Watson (WTW) 7 Insurance Information Bureau of India 8 Principal Global Services 9 Chubb 10 Numerica Actuarial Consulting LLP