Maximizing your potential in the world of probabilities: Actuary career guide


An Actuary is a business professional with progressive statistical skills who deals with the measurement as well as management of risk and unpredictability. Their major responsibility is to manage and evaluate risks faced by individuals, businesses as well as situations. Moreover, their job profile includes gathering and analyzing data. They assemble all the data into an algorithm to determine how they affect financial risk. 

Actuaries help businesses and clients to make informed as well as detailed decisions and develop strategies to minimize the risks and maximize the profits. Furthermore, they develop and communicate solutions for complex financial issues. Actuaries mostly spend their time in an office in front of a computer, collecting and analyzing the data. Overall, an actuary's role is to deeply understand the numbers and turn them into valuable information for companies or individuals.


For Bachelor’s

  • Aspirants need to pass 10+2 with at least 60% marks in Commerce/ Science with Mathematics or Statistics as their core subjects from any recognised board. 
  • Students can opt for a Bachelor's degree course like B.Sc in Actuarial Science or PG Diploma in Actuarial Science.

 For Masters

  • To gain job market knowledge, one can opt for a Master's degree courses like M.Sc in Actuarial Science or MBA in Actuarial Science . 

Job Roles

The field of Actuary aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, this field presents innumerable job profiles:  

  • Credit Specialist
  • Actuarial & Pricing Analytics
  • Senior Analyst
  • Consultant
  • Chief - Manager Actuarial
  • Senior Executive
  • Assistant Manager 
  • Manager

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the Actuary field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • HCLTech
  • Deloitte
  • Swiss Re
  • Oracle
  • EY
  • Mercer
  • Milliman
  • Wipro Digital
  • SBI Life Insurance
  • Antal International


The salary range may vary from company to company, but the salary of an Actuary is very impressive only in India.


Level of Salary

Salary Package per Year

Starting Salary

Approx ₹3,30,000

Mid Level Salary

Approx ₹6,80,000 

Senior Level Salary

Approx ₹10,00,000 


  • Mathematics Skills
  • Analytical Problem Solving Skill
  • Interpersonal Skills
  • Ability to Work on your own
  • Knowledge of Finance and Business
  • Computer Skills
  • Competency


Actuaries are needed to develop, finance and evaluate various insurance products and calculate its risks, so their demand among individuals and organizations is rising. Needless to say, the requirement for Actuaries is high with a potential to be uprising in the future as well. 

Moreover they are a necessity in numerous health insurance companies, to understand the health regulations and guidelines  which are changing constantly, to expand into new insurance markets and offer products to new customers. Furthermore, Actuaries have a very satisfactory job profile because their jobs involve less stress, have good work life balance, have high chances of growth, improvement as well as higher salary.


  • Diverse Set of Responsibilities
  • Pension
  • Employee Benefits
  • Huge Projections of Job Growth
  • Ability to Specialise
  • Handsome Salary


  • Monotonous Work Environment
  • Working Alone
  • Extreme Level of Responsibility
  • Educational Requirement
  • Have to Keep Updating their Knowledge