Organisation : North Maharashtra University
Announcement : B.Sc (Actuarial Science) Admission 2016
Notification : https://www.entrance.net.in/uploads/11297-BSc.pdf
Home Page : http://www.nmu.ac.in/
Admission :
For Admission To The Three Years Course B.Sc (Actuarial Science) For academic the year 2016-17
Related : NMU UG CET 2015 Common Entrance Test : www.entrance.net.in/2485.html
Nature and Duration of the Course: B.Sc.(Actuarial Science) is a full time course of three years (six semesters) duration after HSC (12th Standard) being run in the Department of Actuarial Science since 2010.
Intake for the Course: 40 seats. 70% seats are reserved for the candidates passed from Maharashtra State Boards and 30% seats are reserved for candidates passed from other State Boards from other states of India. (50% seats are reserved for SC/ST/NT/OBC candidates from Maharashtra state as per the reservation rules).
Eligibility: A candidate who has passed H.S.C.(Class XII) from any stream (Science/ Commerce/Arts) with one of the subject Mathematics and has obtained at least 50%(45% for reserved category) marks in Mathematics.
Medium of Instructions for the course: English
Evaluation:
(i) 40% based on continuous Internal Assessment by Teachers.
(ii) 60% based on Semester End External Examination.
Declaration of Result: Internal and External Examinations will be conducted by the Department of Actuarial Science under academic flexibility and results will be declared by University’s Examination section based on CGPA system.
Course Objective:
With highly rising demand of actuarial professionals coupled with slow increase in supply resulting into acute shortage of actuaries in India. Main objective to start this course is to facilitate good potential candidates to become actuaries and to prepare students to write examinations of Institute of Actuaries.
Demand in Actuarial Profession:
** Insurance and Banking Industry in India and globally likely to generate many jobs for Actuarial Professionals the next few years.
** Today most of the actuarial jobs particularly in product pricing, asset valuations, compensation plan designing and various other non-insurance areas needing actuaries are carried out by MBAs or other professionals who are not ideally competent enough to perform them.
** The most important reason for a slow growth rate of Actuarial Graduates is poor awareness and lack of educational facilities to provide good quality training in India.
Employment Opportunities for actuarial graduates:
** Insurance
** Pension plans and Fund Management
** Banking and finance
** Management consulting
** Government agencies: Social Security Administration, Pension Benefit Guarantee Corporation, and Department of Housing and Urban Development in developed nations.
** Brokerage houses and software development companies.
** For additional information please refer to the website of Institute of Actuaries of India (IAI), actuariesindia.org
Facilities Available:
** Central and Departmental Library, Hostel with mess, Canteen, Health Center, Sport Complex, Gymnasium facilities are available in the natural, beautiful, pollution free and peaceful academic campus of the North Maharashtra University which is 10 Km away from the Jalgaon city.
** Computer Laboratory with Internet facility for students.
Cancellation of Admission:
No candidate will be allowed to cancel his/her admission without paying complete fees. Amount deducted from the total fees paid at the time of cancellation of admission is as follows:
Admission cancelled within 7 days from the date of admission: 500 + 10% of Tuition fee.
Admission cancelled within 8-15 days from the date of admission: 500+ 25% of Tuition fee.
Admission cancelled after 15 days from the date of admission: 100% (i.e. No refund will be paid)
Important Dates:
Last Date of submission of Application form: 20.07.2016
Declaration of merit list of candidates: 22.07.2016
Date of Spot Admission: 27.07.2016
Date of commencement of lectures: 01.08.2016