CAREER IN ACTUARIAL SCIENCE

CAREER IN ACTUARIAL SCIENCE

To become a full-fledged actuary, one has to clear, through self study, a series of examinations conducted by the Institute of Actuaries of India.

Do you have an aptitude for mathematics and a flair for calculating insurance risks!! And are you looking for a more sustainable job, which can get you salary in minimum five digits as well!! Then, Actuarial Sciences has more to offer. With the insurance sector growing up and the need for actuaries being felt in many areas the need for actuaries being felt in many areas such as investment, financial planning and pension,
Actuarial Science is gaining popularity in India, though in a slow pace.

The course essentially deals with calculation of insurance risks and premiums, and it is built on the statistical evaluations of the financial, economic and other implications of future contingent events. With the insurance companies focusing their larger market in India, the course is undoubtedly gaining popularity here. But the awareness is yet to reach the students. There are also international insurance agencies trying to woo more students from India.

The lucrative job opportunities and the fat money are probably not the only factors that attract students to this field. It is also the liking for involving in emerging industries such as life insurance, investment, planning etc, where statistical application is more.

What does actuaries do?
Actuaries are the backbone of the insurance and pension industries. They apply mathematical, statistical and economic analysis to a wide range of practical problems in insurance, investment, financial planning and management. They are disciplined problem solvers. A creative aspect of future contingent events.
Actuaries are often involved in making decisions concerned with the financial soundness of insurance companies and pension funds. Actuaries, by virtue of their analytical and incisive outlook, can make significant contributions in the fields like demography, social welfare etc. An Actuary can be the cerebral centre of any financial sector.

Who can become an actuary?
Any person with an aptitude for Mathematics and Statistics can become an Actuary, Generally, first class graduates or post-graduates in Mathematics or Statistics or those who have Actuarial Science, as an optional subject at the degree level will be in a better position to qualify as Actuaries. To become a full-fledged Actuary, one has to clear, through self-study, a series of examinations conducted by the Institute of Actuaries of India, a central organization for the members of the actuarial profession in India. It is the Indian Counterpart of the Institute of Actuaries, London.
Getting a membership in the society is not an easy job. But once the candidates pass through the entrance test he/she can register for eh examinations. The candidates will have to prepare themselves in the syllabus provided by the society.

Job Opportunities:
Actuaries can function effectively in any sector where finance, investment, statistics or scientifically based forecasting is involved. By the time a person qualifies as an Actuary, he acquires techniques that can be constructively employed in a number of fields on his own, he can explore new avenues where his services can be gainfully utilized. A number of Actuaries have set up their own consultancy firms to advice in matters like Gratuity and other Retirement Benefit Schemes. Also with lots of insurance companies coming up in the country, there are plenty of students well placed in such companies.
An Actuary has an unlimited scope in countries outside India where the necessary infrastructure already exists to absorb them in suitable avenues like life and general insurance, operations research, statistics, investment and demography. The remuneration offered is very lucrative and the job satisfaction is tremendous. There are people placed in reputed companies who earn between Rs.20000 and 3 laksh per month.

Entrance Examination
Before enrolling as a student member of the Institute of Actuaries of India, candidates is required to pass the entrance examination of the Society or obtain exemption, if eligible, from the Society. The examination is conducted twice a year; in March and November. He March 2008 entrance examination is round the corner and here are some details about the examination. Examinations are held at seven centres; Mumbai, Calcutta, Delhi, Hyderabad, Kanpur, Chennai and Bhopal.
Syllabus for the entrance examination includes three papers, Mathematics, English and General Essay. The study material should be so selected by the students as to cover the above topics. Any standard text book in Mathematics prescribed for B.Sc. and covering areas of integral calculus, theory of equations and higher algebra may be used.

Eligibility
A candidate having passed higher secondary or equivalent examination in 10+2 pattern with high degree of proficiency in Mathematics as well as in other subjects is eligible for admission to the entrance examination. However, the candidates should also have attained the age of 16 years.

INSTITUTE OF ACTUARIES OF INDIA
The Institute of Actuaries of India, formed in 1944 is the sole professional body of Actuaries in India. The main Objectives of IAI are the advancement of the Actuarial profession in India; providing opportunities for interaction among members of the profession; facilitating research, arranging lectures on relevant subjects and providing facilities and guidance to those studying for Actuarial exams.

For more information on the society, entrance exam etc., you can contact Actuarial Society of India, 9, Jeevan Udyog, D N Road, Fort, Mumbai-400001. Tel: +91-22-2036040, 2006794. Email: actsoc@vsnl.com
Webstie: www.actuariesindia.org

INSTITUTES
There are a number of institutes offering various course in Actuarial Science and other insurance related fields.

Department of Statistics, University of Madras, Chennai. www.unom.ac.in/stat.html
Insurance Regulatory and Development Authority, Hyderabad, Tel: +91-40-5578-9768, 5582-0964.
Bishop Herber College, Trichy, Tamil Nadu. Tel: 0431-2770136, 2772345. www.bhc.ac.in
Ernakulam Insurance Institute, C/o LIC of India Divisional Office, Jeevan Prakash, MG Road, Ernakulam.
The National Insurance Academy, Balewadi Bancer Road, Pune. Tel: +91-20-7292382-83/ 7292393, email: http://niapune@vsnl.com
College of Insurance, Greeshnan Assurance Building, PM Road, Fort Mumbai, Tel: 22660095, 22650760: Email: insfeder@bom5.vsnl.net.in
Calcutta College of Vocational Studies, Delhi University, Triveni (Sheikh Sarai) Delhi, Tel: 29258544, 29258792. Email: info@cvsdu.com.
Directorate of Distance Education, Alagappa University, Karikudy, Tamil Nadu, B. No.11 Adupur, Gujarat
Kalyani University, Kalyani Nadia, West Bengal.

Study in ITALY with SCHOLARSHIP

Study in ITALY with SCHOLARSHIP

Study in ITALY with SCHOLARSHIP
The Italian University Luiss Guido Carli, Rome, is offering 10 Scholarships for Indian students to join its Master of Science course in General Management, a two year course starting from September 2008. Any student holding a Graduate degree or finishing their Graduation by July 2008 are eligible to apply for he scholarships.
The 10 Scholarships are divided in three different categories and are intended for the complete duration of the programme.

IN CATEGORY A (4 Scholarships available)
Wherein the successful candidates will benefit a complete exemption of the annual tuition fee of 9,000 Euros along with 9,000 Euros per year for their living expenses.

CATEGORY B ( 3 Scholarships available)
Where the students will benefit a 50% reduction in the annual tuition fee of 9,000 euros along with 8,000 euros per year to cover their living expenses.

IN CATEGORY C (3 Scholarships available)
Which will benefit the students with 50% reduction in annual tuition fee of 9,000 euros. All chosen candidates will be offered the possibility to complete an internship in one of the various Italian companies.

Interested candidates can fil in the application form available on www.luiss.it/internationalisation/?page_id=511

The selection will be based on the results of a selection test and personal Interview. The deadline for application is April 10, 2008.

For further information, write to Ms Bettina Scheurer at bscheurer@luiss.it.

National Institute of Business Management

National Institute of Business Management

AG, Anandraj villa, (AH), 7 Second Canal Cross Road,Gandhi nagar, Adyar,Chennai-020
Tel: 044-24401521, 24402761, 24420159. Tel/Fax: 044-24422438

Admission Notice-Correspondence Study

An ISO 9001:2000 Institution

MBA (Two years Distance Learning)

Electives
HRM,Finance,Logistics,Marketing,Operations,Materials,Sales,Advertising,CRM,Retail,
International trade.

Highlights

Professional study materials
Case study Focus
Special thrust on Buisiness English
Placement Assistance.

Eligibility: Graduation

Examinations : 4 times in a year at 75 centers

For free prospectus and Application Form send your full address.

Also offering one year Executive MBA (Fee Rs.7200/-)

Overseas Education, Manchester

Overseas Education, Manchester

10 years of proven success

The trend setters in global education

Define your career to Top Universities
USA-UK-AUS-NEW ZEALAND-MALAYSIA & SINGAPORE
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Enrol for Admissions- 2008-09

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NEW REF BOOKS & LIBRARY FACILITIES

Register your applications for MARCH & SUMMER BATCHES - LIMITED SEATS ONLY

Experience the difference@Manchester
ENROL @ MANCHESTER

Dial : 4377313, 2237078, 4380313
158,Nehru Street, Ramnagar, CBE-9.

National Institute of Technology, Rourkela-769008(Orissa)

National Institute of Technology, Rourkela-769008(Orissa)

Admission to Ph.D and M.Tech.(Res)with/without fellowship.

Admission is open to Ph.D and M.Tech.(Research)Programme with Institute fellowship
in Biotechnology & Medical, Ceramic, Chemical,Civil, Electrical,Computer science
Electronics & communication (including instrumentation), Mechanical, Metallurgical
& materials, Mining Engineering and Chemistry, Mathematics, Physics, & Humanities
(English,psychology, Economics & sociology)departments. TwoPh.D. students of
Electronics & Communication Engg.Department under DST_UKIERI project will be provided
Institute Fellowship alongwith the opportunity to travel UK for 3 months in every
summer for three years. For details, visit our institute website www.nitrkl.ac.in

Centre for Development of Advanced Computing (C-DAC),

Admission Notice for M.Tech./ MBA (SEM) programmes from C-DAC NOIDA

Centre for Development of Advanced Computing (C-DAC), INDIA
(Ministry of Communications & IT, Government of India)
C-56/1,Anusandhan Bhavan, Institutional Area, Sector-62,
Noida-201307


Admission Notice for M.Tech./ MBA (SEM) programmes
(Session 2008-2009)

PROGRAMMES
1. M.Tech (CSE) (25 Seats)
2. M.Tech (IT) (25 seats)
3. M.Tech (VLSI Design) (25 Seats)
LAST DATE FOR SALE / RECEIPT OF FORMS: 21.4.2008

4. M.B.A. (SEM) (60 Seats)
LAST DATE FOR SALE / RECEIPT OF FORMS: 09.06.2008

ELGIBILITY CRITERIA:
1. For Programmes at Sl. No.1,2, & 3 admissions will be made on the basis of valid GATE score, marks obtained in the qualifying degree and experience wherever applicable.

2. For Programme at Sl. NO. 4, Admission will be made on the basis of merit of entrance test to be conducted by C-DAC, Noida, marks in the qualifying degree and experience wherever applicable.

For complete details regarding eligibility criteria and other information, application form for admission to above mentioned programmes, pleae visit their website www.cdacnoida.in or contact at 0120-3063370-71-72-73-99

FOR OTHER COURSES AT CDAC, NOIDA, PLEASE VISIT THEIR WEBSITE

National Institute of Technology

ADMISSION TO Ph.D AND M.Tech.(Research) PROGRAMMES from National Institute of Technology, Rourkela

National Institute of Technology
Rourkela – 769 008 (Orissa)

ADVERTISEMENT

ADMISSION TO Ph.D AND M.Tech.(Research) PROGRAMMES with /without Fellowship

Admission is open to Ph.D and M.Tech (Research) Programme with Institute Fellowship in Biotechnology & Medical, Ceramic, Chemical, Civil, Electrical, Computer Science, Electronics & Commnication (Including Instrumentation), Mechanical, Metallurgical & Materials, Mining Engineering and Chemistry, Mathematics, Physics, & Humanities (English, Psychology, Economics & Sociology) Departments. Two Ph.D students of Electronics & Commnunication Engg. Department under DST-UKIERI project will be provided Institute Fellowship along with the Opportunity to travel UK for months in every summer for three years. For details, visit Institute Website: www.nitrkl.ac.in

Assistant Registrar (Academic)

Reference: The New Indian Express (CBE) Dated 5.3.2008. p.3

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ADMISSION TO Ph.D AND M.Tech.(Research) PROGRAMMES

Applications are invited from eligible candidates (Indian nationals) for admission to Ph.D. and M.Tech.(Research) Programmes of the Institute with or without fellowship.

Ph.D.
Biotechnology and Medical Engineering, Ceramic Engineering, Chemical Engineering, Civil Engineering, Computer Science & Engineering, Electrical Engineering, Electronics & Communication Engineering (Including Instrumentation Engineering), Mechanical Engineering, Metallurgical & Materials Engineering, Mining Engineering, Chemistry, Mathematics, Physics and Humanities & Social Sciences (English, Psychology, Economics & Sociology).
M.Tech.(Research):
Biotechnology and Medical Engineering, Ceramic Engineering, Chemical Engineering, Civil Engineering, Computer Science & Engineering, Electrical Engineering, Electronics & Communication Engineering (Including Instrumentation Engineering), Mechanical Engineering, Metallurgical & Materials Engineering, Mining Engineering, Chemistry, Mathematics, Physics.
A. Ph.D.
i) M.E./M.Tech./M.Pharm in relevant discipline with at least 60 percent marks in aggregate(or 6.5 CGPA) at both B.Tech./(or M.Sc./M.Pharm/MCA) and M.Tech. levels
OR
ii) B.E./ B.Tech./ B.Pharm/ M.Sc.(Basic Science) /M.C.A. in relevant discipline with minimum 65% marks in aggregate or CGPA 7.0 in a 10 point scale.
OR
iii) M.B.B.S. with 60% marks or 6.5 CGPA.
OR
iv) M. Sc. /M.A. / MBA in Humanities or Social Sciences or Management with 60 per cent mark or 6.5 CGPA

B. M.Tech.(Research)
i) B.E./B.Tech /B.Pharm /MCA/MBBS/ M.Sc. in Basic Science or Agriculture with at least 60% marks in aggregate or 6.5 CGPA.
(There is no relaxation in academic requirement for SC/ST/OBC/Handicapped students)

C. Students of one discipline may seek admission in a related department which will be considered on the basis of merit of the case. Selection will be made on the basis of academic record, relevance of qualification, candidate’s research interest, existing research programmes and facilities of the departments, and performance in tests and/or interviews.

D. Financial support: Fellowships/Assistantships are available to meritorious Ph.D. and M.Tech.(Res) students of all departments, the rate of which is given in the following Link. The revised rates mentioned below are subject to confirmation by the Ministry of Human Resources Development.

E. Two fellowships in Electronics & Communication Engineering Department shall be awarded on the specific topic i.e.“Sensor Network” under UK India Education and Research Initiative project and shall be undertaken under the joint supervision of Prof. G.Panda and Prof. Bernard Mulgrew of the University of Edinburgh and that it will provide opportunity of visiting the University of Edinburgh of UK for a period of three months in every summer for three years.

A student receiving fellowship or other financial support is required to assist faculty members of department in teaching and research activity. He may be required to take theory, tutorial and laboratory classes and assist in student projects as assigned by the HOD.

Duration: Financial support is initially for a period of one year. All financial support can be renewed on year to year basis on satisfactory performance. Maximum duration of financial support is for a period of four years.

Fees: Students will be required to pay all institute dues applicable to appropriate academic programme.

Sponsored candidates: The Institute welcomes candidates from reputed academic and R & D Institutions, as well as from Government organisations and Industry. Sponsored candidates can work full time in the Institute or at their place of work after satisfying residential requirements, if facilities exist. Sponsored candidates must have completed at least two years of continuous service in the sponsoring organisation, which must be an institution of repute employing good number of engineering / science professionals. Sponsored students are expected to serve their sponsoring organization on completion of their degree in NIT, for at least 3 years after completion of the academic programme.

How to apply:
Interested candidates satisfying the eligibility criteria may apply in the prescribed form downloading from the Institute websitewww.nitrkl.ac.in Application form is also available in the office of the Assistant Registrar(AC) Admission to Ph.D. and M.Tech.(Research) is open throughout the year. However, the last date of application under UK India Education and Research Initiative project of Electronics & Communication Engineering is 25th March 2008. The completed application form alongwith relevant documents should be sent to Assistant Registrar(AC), National Institute of Technology, Rourkela – 769008. Application without relevant documents will be rejected.

For further details please contact:
Dean(AA), NIT Rourkela.
Email: dean-aa@nitrkl.ac.in Phone 06612462357 OR
Assistant Registrar(Ac), NIT Rourkela, Email: ar-acad@nitrkl.ac.in Phone 06612462031.

Assistant Registrar(Academic)

BANASTHALI UNIVERSITY

BANASTHALI UNIVERSITY NEW ADMISSIONS 2008 (PG and UG) for Women Candidates


BANASTHALI UNIVERSITY
(Notified Under Section 3 of the UGC Act)

Univeristy for Women: University with a Difference

NEW ADMISSIONS 2008:

B.A./B.A.(Hons.), B.Sc., B.Sc. (Home Science)., BBA, BCA, B.Tech., B.Pharm., B.Ed., B.PEd., M.Ed., M.A., M.A.(Textle Designing)., M.Sc.(Home Science)., M.Sc. (Chemistry, Bio-c., Bio-tech., Bio-informatics, App. Micro Biology & Bio-tech., Pharmaceutical Chemistry, Computer Sc., Electronics, Math. Sc., Physics)., MBA, MCA, M.Tec., M.Phil.

BANASTHALI UNIVERSITY
P.O. Banasthali Vidyapith 304022 (Rajasthan)

To obtain prospectus & form send a DD for Rs.500/- in favour of "Banasthali Vidyapith" payable at Banasthali/ Jaipur to: Secretary-Banasthali University P.O., Banasthali Vidyapith-304022 (Raj.)

For more information on admissions visit: http://www.banasthali.org/ or call (01438) 228456, 228975, 228990 or mail to: admissions@banasthali.ac.in

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Admission Details - 2008

Admission to the Banasthali University is open to women only.
Admission is open to all women irrespective of their race, religion, caste or color or domicile.
A student admitted to the Banasthali University has to compulsorily join a hostel of the University unless the student is a ward of some worker of the University and stays with the worker in the campus, or the student belongs to a neighboring village community within a radius of 25 kms.
Every student seeking admission to the Banasthali University has to submit an application on the prescribed form and pay the requisite application fee by the prescribed date.

IMPORTANT DATES:

School Admission: (Classes V, VI, IX, XI)
Last date of submission of Admission Form :
For regular Applicants : 8th May, 2008; (with late Fee of Rs. 600/-) : 15thMay, 2008
Foreign/NRI Applicants : 8th May, 2008; (with late Fee of Rs. 600/-) : 16th June, 2008

Class - Aptitude Test Date
Class Class V : June 7, 2008
Class VI : June 7, 2008
Class IX : June 7, 2008

Admission to Class XI is based on Merit of Secondary Certificate/Equivalent Examination.


HIGHER EDUCATION:
Last date of submission of Admission Form :
For regular Applicants : 8th May, 2008; (with late Fee of Rs.600/-) : 15th May, 2008
Foreign/NRI Applicants : 8th May, 2008; (with late Fee of Rs. 600/-) : 16th June, 2008


Course - Aptitude Test Date:

B.Tech. (CSE/ EC/ IT/ BT/ CE)/ B.Pharm. : May 31, 2008
MCA/ PGDCA : May 31, 2008
M.Sc. (Biotechnology) : May 31, 2008
B.C.A. : June 1, 2008
M.B.A. : June 1, 2008
BBA : June 1, 2008
B.Ed. : June 8, 2008
M.Sc. (Home Science) : June 29, 2008
M.A./ P.G.Diploma in Textile Designing : June 30, 2008
M.Tech. (CS/ SE/ VLSI/ IT) : June 25, 2008
M.Phil (English Language Teaching) / M.Phil (Music) : June 29, 2008
M.A. (English) / M.A. (Music) / M.A. (Drawing & Painting) : June 30, 2008
Note: Aptitude Test of Music will be based on practical Performance in which candidate should prepare one slow khyal and one first khyal with the accompany of tabla and the basic theoretical knowledge of Music.

How to Apply
OPTION 1 :
For obtaining prospectus and application form, send a DD/IPO for Rs.500/- in favour of "Banasthali Vidyapith" payable at Banasthali/Jaipur drawn from any bank to : Secretary-Banasthali University P. O. Banasthali Vidyapith -304022 - Rajasthan, INDIA along with a request for application form clearly mentioning the course you wish to apply for, with your name at the reverse of the Bank Draft also.

OPTION 2 :
Prospectus and form can also be obtained in person upon payment of Rs.500/- in cash from :
(i) Vani Mandir, Banasthali UniversityTel : + 91-1438-228456. Fax :+ 91-1438-228365
(ii) Banasthali University, Jaipur CampusC-62, Sarojini Marg, C-scheme, JAIPUR - 302 001. Tel : +91-141-5118721/22, 2361500

OPTION 3:
Online Submission of application is also possible on the University website http://www.banasthali.org.
This option is not available for applying to B.Ed./ M.Ed./ B.P.Ed. Programmes.
One must fill the form giving the DD No. for application fee of Rs. 500/- (Rs. 1,100/- with late fee after May 8, 2008 upto May 15, 2008). Only on receiving the draft, the application will be further processed.

Separate form is to be filled for each programme. For B.Tech.(CSE/EC/IT/BT/CE) one has to fill only one form but a separate form for B.Pharm.

FEE STRUCTURE
Higher Education
Group (A)
M.Tech., MBA, MCA, PGDCA, M.Sc.(Biotechnology), BCA, BBA, B.Tech., B.Pharma (Regular Fee 42,000/-) (NRI Fee Euros € 2,800)

Group (B)
M.Sc. (Computer Sc./ Electronics), M.Sc.(Applied Microbiology & Bio-technology/ Bioinformatics/ Bio-Science/ Pharmaceutical Chemistry), M.A. Textile Designing, PG Diploma in (Bioinformatics/ Textile Designing), B.Sc., B.Ed., B.Ed.(Enriched), M.Ed., B.P.Ed. (Regular Fee: 31,500/-) (NRI Fee: Euros € 2,100)

Group (C)
B.A., M.A., M.Phil., B.Sc. (Home Science), M.Sc. (Home Science), M.Sc. (Mathematical Science/ Physics/ Chemistry) (Regular Fee: 21,000/- NRI Fee: Euros € 1,400)

PC in HOSTEL:
A PC is provided with the internet in every hostel room for PG students currently residing in six new hostels. The PC in a room is to be shared by all inmates. All those who wish to available this facility have to pay in their hostel room are paying a security deposit of Rs. 10,000/- through DD drawn in favour of "Banasthali Vidyapith A/c AIM & ACT". This is an interest free refundable amount.