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.
Faculty Members
Akash Rughani
Program Director / BCom, CA, FRM, 6 Actuarial Papers
Teaching Experience
13 Years
Area of Specialization
Finance
Aman Loharuka
Academic Director / BCom,14 Actuarial papers
Teaching Experience
4 Years
Area of Specialization
Actuarial
Harshwardhan Ranasaria
Program Coordinator / BCom, CA, CFA level 2, FRM
Teaching Experience
18 Years
Area of Specialization
Finance
Vivek Datta
Placement Director / B. Sc (Statistics with Computer Science), Qualified Actuary
Teaching Experience
13 Years
Area of Specialization
Statistics and Actuarial
Mitesh Kankaria
Visiting Faculty /BE-CMPN, CT3&CT7
Teaching Experience
7 Years
Area of Specialization
Mathematics
Kevin Punmiya
Visiting Faculty / BCon, CA, Cleared 9 Actuarial papers
Teaching Experience
10 Years
Area of Specialization
Pricing and Risk
Diksha Adtani
Visiting Faculty / BTech
Teaching Experience
6 Years
Area of Specialization
Data Science
Satish Shinde
Visiting Faculty / MA-Economics, MCom
Teaching Experience
13 Years
Area of Specialization
Economics
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
Manav Badani
Visiting Faculty / BSc, CM1,CM2,CS1,CS2,CB1
Teaching Experience
5 Years
Area of Specialization
Finance
Aditya Bagaria
Visiting Faculty / BCom, IAI,IFoA
Teaching Experience
10 Years
Area of Specialization
Actuarial
Aditya Mehta
Visiting Faculty / BCom, CT-1 TO CT9, CP-1 TO CP-3
Teaching Experience
5 Years
Area of Specialization
Pricing and Risk
Siddharth Jani
Visiting Faculty / MCom, CFA, FRM
Teaching Experience
10 Years
Area of Specialization
Finance
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. 🌟
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)
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 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
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




