As insurance business essentially revolves around risks and eventualities, there are enormous job opportunities for an actuary. The forecast by experts for job prospects in this field is quite encouraging, particularly in view of the IRDA's directive to life insurance companies to appoint at least one actuary.

It is estimated that in the coming three years, the number of actuaries in life insurance companies in private sector is likely to be double. The entry of global actuarial firm in India will give further boost to the employment prospects.

Do you have it in you?
To be a successful Actuary, excellent command over mathematics, an interest in statistics and probability theory, a keen eye for socioeconomic trends as well as legislative provisions in this regard, are some of the important prerequisites.

Educationally, you have to pass your 10+2 examinations with 85% marks in mathematics and statistics, or you should be a graduate with mathematics\statistics\Econometrics. Qualified CA\CS\ CWA or MBA are also eligible to enter into this profession. Also the aspirant should be at least of 18 years of age and be a member of Society or Actuaries or Casualty Acturial Society.

A trained actuary finds placements in private and public sector general & life insurance companies, Acturial firms, IRDA, Reinsurance, Tariff Advisory Committee, pension funds, insurance intermediaries, software development companies, firm of consulting actuaries, banks and investment firms like world Bank, ADB.