Actuarial Science - Explanation and eligibility

I don’t have a clear understanding as to what actuarial science is. Can you please explain it in detail?

Actuarial science is nothing but a clear understanding and application of mathematical and statistical methods to asses risk in industries of insurance, finance and others involving these
fundamentals. Actuaries are basically experts in this field through their education and experience. It can also be related to healthcare and medical industry. Actuarial science is also
related to modern financial economics. They help in analyzing the financial impacts of the uncertain events in future. They also help various different businesses, individuals and
entrepreneurs to make right decisions with a much clearer view of the likely financial outcomes from different future events. Actuarial science consists of a number of interrelating
subjects, including mathematics, statistics, finance, economics, computer programming etc. Actuarial science used models, determining ones, in construction of various tables and
premiums.

If I want to appear for Actuarial science papers, what are the eligibility criteria for the same?

You should be 18 years or above. The eligibility criteria to appear for the Actuarial papers are subjective. At a high level- 10+2 passed students having attained 85% of the marks in
Mathematics/Statistics.

Graduate or post graduate students with 55% aggregate or more in mathematics, statistics, econometrics, computer science and physics papers.
CA, MCA, ICWA, CFA, MBA (Finance), Engineers.