MSc Actuarial Science Jobs, Scope, Salary in India 2024

Lisha Gupta

M.Sc Actuarial Science Is a course that gives the students a variety of job roles. The private and public sectors are demanding for M.Sc Actuarial Science Graduates. Some of the job roles of M.Sc Actuarial Science Graduates include; Actuary Analyst, Actuarial Specialist, Risk Analytics- Actuarial, and OA Analyst- Actuarial Science. Risk Assessor, etc.

Career Prospects and Job Scope for an M.Sc Actuarial Science Graduate

M.Sc Actuarial Science Job opportunities are available to students at ease. A student can easily map their M.Sc Actuarial Science course as per his or her future aspirations with options ranging from Actuary Analyst to Risk Assessor etc.

Nutritionist jobs are the primary areas of employment for graduates of the M.Sc Actuarial Science Course. The M.Sc Actuarial Science Scope of work for a graduate is comprehensive and varies over a large number of working areas and sectors.

Listed below are some of the popular jobs after M.Sc Actuarial Science That are undertaken by graduates:

Actuary Analyst
Actuarial Specialist
Risk Analytics- Actuarial
OA Analyst- Actuarial Science
Risk Assessor

Areas of Recruitment for M.Sc Actuarial Science

There is a large scope of M.Sc Actuarial Science Jobs for graduates in both the private and public sectors. After M.Sc Actuarial Science Graduation students pursuing the course are not limited to their specific areas resulting in a vast number of jobs.

Concerning the previous academic M.Sc Actuarial Science background and the personal choice and the ability of the student towards a particular program, there exists an appropriate plan for almost every candidate opting for the M.Sc Actuarial Science Course. Some of the areas of recruitment are

Insurance companies
MNCs
Companies
Scientific Services

M.Sc Actuarial Science Salary

The M.Sc Actuarial Science specialization’s graduates can earn the best packages. Some factors that affect the salary are experience, location, and specialization. The M.Sc Actuarial Science Graduates can raise their salary by doing worthy internships that would add to their experiences.

M.Sc Actuarial ScienceSalary in India

The average M.Sc Actuarial Science Salary for graduates is around INR 5-10 LPA [Source: PayScale]. The table below shows the salary breakdown of M.Sc Actuarial Science graduates in India:

M.Sc Actuarial Science Salary	Amount
Highest Salary	INR 20 LPA
Lowest Salary	INR 2-3 LPA
Average Salary	INR 5-10 LPA

(Source: Glassdoor)

The table below contains the list of M.Sc Actuarial Science Job profiles and their average salaries per annum:

Designation	Salary
Actuary	INR 7.2 LPA
Accountants and Auditors	INR 2.3 LPA
Budget Analysts	INR 3.5 LPA
Cost Estimators	INR 5 LPA

(Source: Payscale)

M.Sc Actuarial Science Salary Abroad

M.Sc Actuarial Science is one of the most popular courses in the world, making it an attractive prospect for Indian students to pursue abroad. Students will have access to the best infrastructure, amenities, academic curriculums, and faculties while pursuing an M.Sc Actuarial Science abroad. Furthermore, they will have the opportunity to work and earn attractive salaries upon completing the course.

The average salary of an M.Sc Actuarial Science Graduate abroad is USD 40,000- 100,000(Source: PayScale). The table below contains the list of job profiles abroad and the appropriate per annum salaries:

Job Designation	Salary
Actuary	USD 113,677
Accountants and Auditors	CAD 59,038
Budget Analysts	USD 73,762
Cost Estimators	USD 65,588

Career Scope of M.Sc Actuarial Science

M.Sc Actuarial Science Is one of the most diverse courses in terms of, not just employment opportunities across various domains, but also the scope of higher education for graduates. Depending on the M.Sc Actuarial Science specialization opted for by the student, they will be able to find relevant jobs in their domain or find the appropriate course for further education. The scope of an M.Sc Actuarial Science Is quite vast whether a graduate chooses to work or study further.

Courses after M.Sc Actuarial Science

M.Sc Actuarial Science Graduates can opt for higher studies once they complete their undergraduate studies. There are plenty of options for M.Sc Actuarial Science Graduates to choose from depending on their M.Sc Actuarial Science specialization. The list below contains the names of courses that M.Sc Actuarial Science Graduates can pursue after completing the course:

Career Options after M.Sc Actuarial Science

There are a variety of employment sectors that are waiting for the M.Sc Actuarial Science graduates. The M.Sc Actuarial Science Course is one of the valuable programs which has many career options and responsibilities. Listed below are some of the jobs after the M.Sc Actuarial Science Course:

Actuary Analyst: An actuary analyses the risk possibilities of financial activity and mitigates the involved risks. An actuary is mostly needed in the insurance sector and pension programs where the task is to use financial theories, statistics, and mathematics to study uncertain future events.
Accountants and Auditors: Accountants and Auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and Auditors assess financial operations and work to help ensure that organizations run efficiently.
Budget Analysts: Budget Analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending.

Government Jobs for M.Sc Actuarial Science Graduates

M.Sc Actuarial Science Jobs salary varies with the experience and job position. This valuation depends on the specialization option of the aspirant, his or her sector of employment, job profile, diligence, and dedication at the workplace as well as the seniority and experience of the aspirant.

M.Sc Actuarial Science Course jobs are available for graduates in the government sector as well. The job opportunities for M.Sc Actuarial Science students are available in a large number of job roles owing to the diversity of the education. The average M.Sc Actuarial Science Jobs salary for graduates is around INR 2-12 LPA. (Source- Payscale) The job designations include:

Top Government Hiring Roles	Salary
Actuary	INR 10.21 LPA
Accountants and Auditors	INR 7.9 LPA
Budget Analysts	INR 5 LPA

(Source: Payscale)

Private Jobs for M.Sc Actuarial Science Graduates

Students who don’t wish to pursue a government job can build a career after an M.Sc Actuarial Science In the private sector. The job opportunities for M.Sc Actuarial Science students in the private sector are endless. The average M.Sc Actuarial Science Jobs salary for graduates is around INR 2-12 LPA. (Source- Payscale) The job designations include

Top Private Hiring Companies	Salary
Deloitte	INR 6 LPA
Ernst & Young	INR 11.1 LPA
PWC	INR 4.9 LPA

(Source: Payscale)

Job Opportunities Abroad for M.Sc Actuarial Science Graduates

There are plenty of opportunities for graduates after M.Sc Actuarial Science, in the international job market. The education and information they gain are so specialized that those graduates' demand is higher than the supply. The course is designed such that every student, irrespective of their specialization, is employable in a foreign country.