Department of Actuarial Science and Quantitative Finance

General Information

Founded in 2018, Department of Actuarial Science and Quantitative Finance helping students to pursue Actuarial Science and Quantitative Finance studies in India through a formal education system. Our mission is to provide premier and comprehensive education in the field of Actuarial Science and Quantitative modeling which is extensively used in the BFSI industry and to bridge the gap between Education and Careers.

Our vision is to revolutionize the learning experience of students and focus on holistic development and the nurturing of well-learned leaders. So, besides following a career as an actuary, an actuarial science graduate can fill several challenging positions like an actuarial consultant, underwriter, insurance actuarial analyst, business analyst, investment analyst, risk analyst, and many more.

The Bachelor’s with intake capacity of 120 and Master’s degree with intake of 20, is conferred by the University of Mumbai. Our campus is located at All India Institute of Local Self Government (AIILSG), Andheri West, Mumbai. High degree of emphasis on building strong industry connections. Practical training, internships and workshops to help in collaborating with the corporate world.

The year placement numbers has been great with modal salary laying between 8 to 12 LPA.

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Faculty Members

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Akash Rughani

Program Director / BCom, CA, FRM, 6 Actuarial Papers

Teaching Experience

13 Years

Area of Specialization

Finance

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Aman Loharuka

Academic Director / BCom,14 Actuarial papers

Teaching Experience

4 Years

Area of Specialization

Actuarial

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Harshwardhan Ranasaria

Program Coordinator / BCom, CA, CFA level 2, FRM

Teaching Experience

18 Years

Area of Specialization

Finance

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Vivek Datta

Placement Director / B. Sc (Statistics with Computer Science), Qualified Actuary

Teaching Experience

13 Years

Area of Specialization

Statistics and Actuarial

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Mitesh Kankaria

Visiting Faculty /BE-CMPN, CT3&CT7

Teaching Experience

7 Years

Area of Specialization

Mathematics

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Kevin Punmiya

Visiting Faculty / BCon, CA, Cleared 9 Actuarial papers

Teaching Experience

10 Years

Area of Specialization

Pricing and Risk

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Diksha Adtani

Visiting Faculty / BTech

Teaching Experience

6 Years

Area of Specialization

Data Science

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Satish Shinde

Visiting Faculty / MA-Economics, MCom

Teaching Experience

13 Years

Area of Specialization

Economics

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Tanish Telisara

Visiting Faculty / B. Sc (Statistics with Computer Science), M. Sc Applied Statistics & Analytics, 5 Actuarial Papers

Teaching Experience

7 Years

Area of Specialization

Statistics

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Manav Badani

Visiting Faculty / BSc, CM1,CM2,CS1,CS2,CB1

Teaching Experience

5 Years

Area of Specialization

Finance

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Aditya Bagaria

Visiting Faculty / BCom, IAI,IFoA

Teaching Experience

10 Years

Area of Specialization

Actuarial

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Aditya Mehta

Visiting Faculty / BCom, CT-1 TO CT9, CP-1 TO CP-3

Teaching Experience

5 Years

Area of Specialization

Pricing and Risk

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Siddharth Jani

Visiting Faculty / MCom, CFA, FRM

Teaching Experience

10 Years

Area of Specialization

Finance

Syllabi

:

Business Finance 1

Calculus

Financial mathematics

Generative AI

Indian knowledge system

Life Insurance – Principles, products and practices

Physical education

Probability and Statistics 1

Problem solving & Critical thinking

Business Finance 1

Course Banner

Units

1- Basics of Finance, Types of Business Entities and Indian and International Tax System

2- Sources of Finance – 1 & 2

3- Capital Structure and Financial Leverage and Dividend policy and decisions

4- Mergers and Divestitures and Financial Planning

Achievements

CP1 Exemption Granted

  • IAQS is thrilled to announce that our M.Sc. in Actuarial Science program has been granted CP1 exemption by the IFoA, making it the only postgraduate program in India to offer exemptions for 7 IFoA Core Papers. 🌟
CP1 Exemption Granted

FIS Renewal

  • IAQS HAS RENEWED ITS PARTNERSHIP WITH FIS TO TRAIN INDIA’S NEXT GENERATION OF ACTUARIES. FIS WILL BE PROVIDING THE TECHNOLOGY IN THE FORM OF INSURANCE RISK SUITE (FORMERLY PROPHET)
 FIS Renewal

Tie up with ANU

  • Embark on a transformative academic journey as IAQS proudly partners with the Australian National University (ANU). This exclusive collaboration offers direct entry to ANU’s MSC and BSC programs.
Tie up with ANU

Tie ups with Heriot-Watt University and Bayes Business School

  • Embark on a transformative academic journey as IAQS proudly partners with the Heriot-Watt University and Bayes Business School. This exclusive collaboration offers direct entry to their respective MSC programs
Tie ups with Heriot-Watt University and Bayes Business School
Tie ups with Heriot-Watt University and Bayes Business School

Hosted IFoA Presidential Meet at IAQS

  • IAQS hosted the IFOA President at our Campus in Andheri, Mumbai.
  • The event hosted the following guests: Thomas Mathew, Ex Chairman LIC Kalpana Shah, President, IFoA Vikas Newatia, CEO, RSA Tanveer Quraishi, Head of Analytics at Marsh McLennan Vighnesh Mehta, Head of Risk at Yes Bank