Industry experts explore higher studies and job opportunities for students of commerce
The commerce department of The Bhawanipur Education Society College (BESC) organised a webinar on career options for students of Actuarial Science on July 6.
A relatively lesser-known subject, Actuarial Science applies mathematical and statistical methods to define, analyse and solve the financial implications of future events in fields like insurance and finance.
Speakers at the webinar titled ‘Career Options in Actuarial Science’ discussed how students, especially those skilled in mathematics and statistics, could make a headway in this field.
Rishav Laddha, an associate at Acuity Knowledge Partners and a CFA Level-3 candidate, and Raunak Ghorawat, a senior actuarial analyst at Accenture, spoke at the event.
The introductory speech, given by Prof Sreyashi Ghosh of BESC, was followed by a deliverance from Prof Dilip Shah, dean of student affairs at BESC.
Speaking about the opportunities to study Actuarial Science, Laddha said the Institute of Actuaries India (IAI) and the Institute and Faculty of Actuaries (IFOA) UK were two premium destinations for studying the subject.
Laddha also discussed the entrance exam pattern of IAI and pointed out the differences between the Chartered Financial Analyst Programme (CFA) and Actuarial Science.
“There are several opportunities available to you in various domains of Actuarial Science. Number crunching and analysis are used almost everywhere. The number of students enrolling for Actuarial Science has recently increased across India,” said Laddha.
Ghorawat shared preparation tips with students planning to write exams and talked about the tests held by different institutions.
He also explored job opportunities for students of Actuarial Science in fields like health insurance, consultancies, investment banking, pensions funds and job portals.
“This interactive webinar was very informative for students pursuing or planning to pursue Actuarial Science. The speakers spoke at length on issues that are not available on the Internet,” said Rajat Khaitan, a third-year BCom student of The Bhawanipur Education Society College.