Home > Programs > Post Graduate
MSc (Actuarial Science and Applications)

The Course spread over four semesters as listed below:

Semester- I
Papers Credits
1. Basic Mathematics
2. Probability Theory
3. Descriptive Statistics
4. Introduction to Concepts of Finance
5. Cash flow Models
6. Time Value of Money and Annuity
7. Theory of Interest and Interest rate Structure
8. Economics-I
9. Economics-II
10. Communication
11. Behavioral Science
1
3
2
3
1
1
3
2
2
2
1
Semester- II
Papers Credits
1. Economics-III
2. Estimation and Statistical Inference
3. Bayesian Statistics
4. Multivariate Analysis
5. Stock, Taxation and Issue of Shares
6. Financial Reporting and Interpretation of Accounts
7. Principles of Actuarial Modeling
8. Analysis of Time Series Models
9. Concepts of Brownian Motion and Simulation
10. Statistical Software Package - SPSS
11. Introduction to SAS
2
3
2
3
3
2
2
2
2
2
2
Semester- III
Papers Credits
1. Survival Models, Life Table, Models of Mortality-1
2. Models of Mortality-II
3. Evaluation of Assurance and Annuities, Premiums and Reserves
4. Annuities and Assurance Involving two Lives
5. Management of Premium Fund
6. Mortality Selection, Population Projection, Disability Benefits
7. Decision Theory & Risk Models
8. Ruin Theory, Credibility Theory
9. Experience Rating, Run- off Triangles and Liner Models
10. Pensions and other Employee Benefits
11. Project Work
2
2
2

3
2
2

2
3
2

3
2
Semester- IV
Papers Credits
1. Asset Pricing and Portfolio Selection Models
2. Valuation of Derivative Securities
3. Investment & Asset Management
4. Industrial Training
3
3
3
20