Masters in Actuarial Science
2 years (Full Time)
FA S T T R A C K Y O U R A C T U A R I A L C A R E E R
Empowered by top industry ties for placements
LEARN
Actuarial Pricing
and Reserving
Risk
Modelling
Portfolio Management &
Business Valuation
Data Science using
R, Python, VBA & more
India’s Only Accredited Degree Program,
Offering Exemptions of 7 Papers
About IAQS Key Highlights
Founded in 2018 , the Institute of Actuarial and
Quantitative Studies (IAQS), in collaboration FA S T- T R AC K YO U R C A REER
with Patkar Varde College, University of Covers 10 Actuarial papers with
Mumbai, offers a world-class curriculum exemptions in 7 papers.
designed to bridge the gap between academic
rigor and industry relevance.
P R ACT IC A L LEA R N IN G
At IAQS, we aim to accelerate your career by
integrating comprehensive education, Capstone projects with industry
connect and job oriented training.
professional qualifications, and real-world
insights. Our meticulously crafted program
covers the syllabus of the Institute and Faculty P L AC EMENT C ELL
of Actuaries (IFoA, UK), including exemptions
100% Job placement assistance, with
of papers like CM1, CM2, CS1, CS2, CB1, CB2 &
a dedicated cell for resume building &
CP1. interview preparation.
Beyond academics, IAQS fosters personal
growth and leadership. Participate in vibrant J O B R EA DY
student committees, take on leadership roles,
Pre-Placement offers of
and build lifelong connections. Our campus is top tier companies.
a hub for holistic development, combining
learning with cultural, professional, and
extracurricular activities. FAC U LT Y
Whether you aspire to excel in actuarial Industry experts and academicians
with 50+ years of cumulative
science, finance, or data analytics, IAQS equips experience.
you with the knowledge, skills, and network to
succeed in a world of uncertainties.
C A MP U S
Located in the heart of Mumbai,
India's Financial Capital, providing
exceptional industry immersion.
AR E YO U R EA DY
to Take the Leap?
Discover how IAQS can help you achieve your
dreams. Join us today and embark on a
transformative journey to a future filled with
opportunities.
Academic Programs
1 SEMESTER 2 SEMESTER
Major Course Major Course
Probability and Statistics Portfolio Theory & Security Analysis
Financial Mathematics Financial Engineering-1
Business Finance Statistical & Risk Modelling -1
Insurance - Principles, Products Business Economics
and Practices Fixed Income Products
Research Methodology
Capstone Project
Elective R – Project
Introduction to Derivatives &
Financial Markets
OR
Applications of IT- Basics &
Advance Excel
3 SEMESTER 4 SEMESTER
Major Course Major Course
Pricing & Reserving for Pricing & Reserving for
Life Insurance Products – 1 Life Insurance Products – 2
Statistical & Risk Modelling – 2 Statistical & Risk Modelling - 4
Statistical & Risk Modelling – 3 Predictive analytics and
Application of IT - Python machine learning
Model Documentation & Analysis Application of Actuarial
software - Prophet
Elective
Elective
Actuarial Practice - 1
Actuarial Practice - 2
OR
OR
Professional Ethics
Business Communication
Field Project
Field Project
Live Project
Live Project
E L IGI BL I T Y F E E S S TRU CTU RE OU TC OME
Bachelor’s degree in any The course fees are: This one of a kind degree aims at
discipline (Commerce / For the 1st year - ₹. 317,335/- propelling into the profession by
Engineering / IT background / offering strong fundamentals in
Mathematics) with a minimum For the 2nd year - ₹. 350,760/-
Actuarial Science
of 70% in Semester 5 Fees includes tuition fee, library
fee, exam fee, university charges, Insurance
If the Semester 5 marks are
<70% then students need to study material fee and industry Finance
give an aptitude test - QAT and training fee
Investments
Clear a Personal Interview
Round Risk Modelling
Data Analytics
Asset - Liability Management
Beyond The Classroom
Experience our students' vibrant college life!
E-CELL
CULTURAL
COMMITTEE
300+
STUDENTS
TED X IAQS
53%
MALE
47%
FEMALE
Students from 15+ States
& 5 Countries
EMERGENCY RISK CENTRE FINANCE SOCIETY
COGNIZANCE
ACTUARIAL SOCIETY
Student Success Stories & Alumni
100% 10.5 LPA
Placement Achieved Placement Package
100% Placement of the First Batch
Aashay Shah Keith Mulani
Specialist Catastrophe
Actuarial Analyst
Modeling
Kevin Moses
Trainee Actuary
Faizan Alam Aradhna Choudhary
Actuarial Associate Trainee Actuary
Tanmay Kshirsagar
GB Retirement Trainee
Vaidik Raikundaliya Nupur Dandekar
Actuarial Analyst GB Retirement Trainee
Sadaat Bubere Jhil Mandlecha
Specialist Claims
Trainee Actuary
Analyst
Academic Softwares
Placements of our IAQS Students
5% R EI NS U R ANC E
R I S K ADV I S ORY 16%
16% LIFE I NS URA N C E
100%
Placement Achieved
13 LPA
Highest Bachelor’s
Package
ACT UA R I AL C O NSULTING 26%
11 LPA
Median Bachelor’s 26% G ENER AL INS U RA N C E
Package
F IN A NCI AL S ERVI CES 11%
Career Opportunities
Actuarial Analyst
Equity Research Financial Analysis Investment Banking
Risk Modelling Specialist Insurance Private Equity
Asset - Liability Management
FAQs
Actuarial Analyst
AB OUT I AQS AND PROGRAM ELIGIB ILIT Y / ADM ISSIO N PR OCESS
Why choose IAQS? What does it take to get into IAQS?
India’s only IFoA accredited course in India which IAQS has a two-step entrance criterion. Irrespective of your
provides exemptions of upto 7 actuarial exams. stream choice, students can apply for QAT (Quantitative
Dedicated placement cell for 100% placement assis- Assessment Test) which assesses them upon their English,
tance with placements going upwards of 10.5 LPA Maths and Stats skills and upon clearing the QAT the
applicants move on to the personal interview round.
Is this a private institute? https://iaqs.in/qat/
IAQS operates as a department within Patkar Varde
College, Goregaon. The University of Mumbai confers When to take the QAT Exam?
the degree for all programs. QAT is an online computer-based photo proctor exam.
B.Sc in Actuarial science and Quantitative finance The student can schedule the exam on the portal based
degree and MSc in Actuarial science is awarded by on their preparation.
Patkar Varde College which is affiliated with the https://admissiondesk.iaqs.in/app/#/auth/register
University of Mumbai.
https://www.patkarvardecollege.edu.in/departmen Scholarship
t/undergraduate/science/actscience
Scholarship is need based. It has been granted to the
students who are willing to study but could not afford
the fees due to financial issues. Scholarships are
ADM ISSION PROCESS provided once the student is enrolled with IAQS.
Is the student capable of pursuing
Actuarial Science?
FAC U LT Y
Admission is based on a
QAT entrance test
Personal interview. How is your faculty different?
The mechanism is robust to identify the alignment of a About 70% of the faculty comes from industry, and the
student's interests and intellect with the course require- rest are seasoned academicians.
ment. Additionally, the stellar education support Faculties includes, Fellow actuaries, associate
provided by the institute ensures that students have the actuaries, CA, CFA, FRM holders and other distinct
best shot at clearing the papers. professionals.
ACC RE DITATION IN DU STRY EX PO SU R E
AND PL AC EM ENTS
Does an accredited program hold the
same value as the institute exam?
Do you guarantee Placements?
Yes, it holds the same value.
We have a dedicated placement team that assists our
What is the passing percentage in students during and even after graduation to attain the
best opportunities. There are currently 20+ placement
every paper to get the exemption? partners who come to campus to hire our students.
IFoA exemption criterion is scoring around eligibility Latest Placement report is available on
threshold set by the IFoA. Typically, the range is around www.iaqs.in
60% - 65%. However, the threshold is with discretion of
Indipendent Examiners appointed by IFoA.
Advisory Board
Thomas Mathew Nilesh Shah
Board of Director (ESL, L&T group Managing Director, Kotak AMC Ltd
of companies, LIC of India,
Canara HSBC, OBC L.I.C Ltd.)
• Formal Chairman-in-charge & MD of LIC of India. • Ex MD CEO - Axis Capital Ltd.
• Ex member - Panel of experts (Ministry of Finance, • Ex Chief Investment Officer - ICICI Prudential
Govt. of India) AMC Ltd. & Franklin Templeton India.
• Ex member - Quality review board (Institute of
Actuaries of India)
Pratibha Jain Rajesh Khairajani
Founder & Managing Director, Partner - KNAV International,
Eduabroad Consultant. Partner - Inde Global Advisory
• Education Counsellor, Mumbai University • Valuation expert, Speaker at Indo American
affiliated colleges. Chamber of Commerce & NASSCOM
• Candidate of the American Society of Appraisers.
D Sivanandhan Tanveer Quraishi
Board of Directors on Various Senior VP & Head of Advisory, Marsh
Companies, IPS Officer (Retd.), McLennan Global Services India Pvt
Ex Commissioner of Police Ltd (MMGS)
• Ex member - Central Security Cell (Reserve Bank • Ex Consultant, Ernst & Young, Insurance and
Of India Panel) Actuarial Advisory Services
• Ex member - Special task force, National Security • Ex Senior Analyst – Actuarial,
Council (Prime Minister’s Office). WNS Global Services
• Recipient of the President’s Distinguished Service
Medal.
All India Institute of Local Self Government (AIILSG), Patkar-Varde College
Sthanikraj Bhavan, C.D. Barfiwala Road, Juhu Lane, S.V. Road, Piramal Nagar,
Andheri (West), Mumbai – 400 058. Goregaon (West), Mumbai – 400062.
+91 9372777615
www.iaqs.in www.iaqs.in
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