B.Sc. (Actuarial Science & Quantitative Finance) - Academics

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Preamble

The Department of Actuarial Science and Quantitative Finance offers an interdisciplinary programme that integrates mathematics, statistics, finance, economics, data analytics, and risk management with modern actuarial and quantitative finance applications. It aims to produce graduates who are analytically rigorous, technologically proficient, and professionally prepared to contribute to the insurance, financial services, investment, risk management, and data-driven industries. The learners develop a strong foundation in probability, statistics, financial mathematics, economics, actuarial modelling, and computational tools, along with specialized knowledge in areas such as life insurance, pensions, investment management, financial risk modelling, derivatives, machine learning, artificial intelligence, and sustainable finance, guided by experienced faculty, qualified actuaries, finance professionals, and industry practitioners.

Eligibility Criteria

Candidates seeking admission to the three-year degree course of B.Sc. (Actuarial Science and Quantitative Finance) must fulfil the following requirements:

• Must have passed Class 12 (H.S.C.) or equivalent examination in any stream.
• Must have studied Mathematics in Class 12.
• Must have secured a minimum aggregate of 40% marks or equal grade.

Intake and Programme Structure

• Intake Capacity: 60 Students 
• Duration: 3 Years (6 Semesters) 
• Programme Level: Undergraduate Degree Programme 
• Academic Commencement: Academic Year 2026–2027 
• Total Credits: 132 
• Credits per Semester: 22

Why Choose this Program

With this 3-year degree program offered by Thakur College of Science and Commerce, you can explore: 

Career in Actuarial Science: Actuarial science is one of the most intellectually rewarding and globally respected careers in the financial world. It sits at the intersection of mathematics, finance, risk, and real-world decision-making.

• High demand, low supply: Qualified actuaries are scarce globally, making it a highly valued profession. 
• Strong earning potential: It is consistently ranked among the top-paying careers in finance. 
• Global recognition: Professional qualifications from bodies like Institute of Actuaries of India and Institute and Faculty of Actuaries are globally accepted. 
• Impactful work: Actuaries help design insurance products, manage financial risks, and contribute to long-term financial security for individuals and institutions. 
• Analytical excellence: The career builds deep problem-solving skills and structured thinking—skills that remain valuable across industries. 

Or Alternative career pathways in the financial sector: One of the biggest strengths of the B.Sc. Actuarial Science and Quantitative Finance program is its versatility. It is not limited to actuarial careers; it is designed for the broader financial and analytical ecosystem.

• Multi-Domain Training – Actuarial science, quantitative finance, risk, and analytics.
• Career flexibility – Opportunities in: Investment Banking, Asset & Wealth Management, Risk Management, Financial Analytics, Business Consulting, Data & Business Analytics.
• Quantitative edge – Strong mathematical and statistical foundation.
• Practical exposure – Hands-on with financial models, markets, and analytics tools.
• Future-proof skills – Learn to analyse risk, interpret data, and drive strategic decisions.

Syllabus Structure

SEMESTER I

SEMESTER II

Industry Association for Internship and On Job Training

While we are associated with almost all the insurance, investment and consulting companies in India, here are a few names where our students have got placements.

• Edelweiss Life Insurance Company
• SUD Life Insurance Company
• Universal Sampo General Insurance Company
• ICICI Lombard Life Insurance Company
• KA Pandit Actuaries and Consultants
• Aon Consulting India Private Limited
• JB Boda
• BDO
• Actuaria Consultants
• Radgo Consultants
• Mercer Consulting
• Willys Towers Watson
• Nemia.ai

Evaluation Scheme

• Continuous Internal Evaluation: 40% 
• End Semester Examination: 60%

Contact Us for More Details

Aditi Wani / Neer Patel

Thakur College Of Science and Commerce, Thakur Village, Kandivali East, Mumbai - 400101.

Cell: 9987898704 / 9987898164

Email: finact.education@gmail.com