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Institute of Actuarial and Quantitative Studies - [IAQS]
K.C. College Campus, K.C. college of management studies, Behind Regal Theatre, MB Marg, Colaba, India • 400104N/A(0)
VerifiedPrivateEstd. 2018Mumbai University, Mumbai
Founded
2018
Type
Private
Affiliation
Mumbai University, Mumbai
About Institute of Actuarial and Quantitative Studies - [IAQS]
Institute of Actuarial and Quantitative Studies (IAQS), Mumbai is a part of Patkar-Varde College, which offers a premier degree program for students planning. The institute offers an undergraduate course in the discipline of Actuarial Sciences and Quantitative Finance.
Institute of Actuarial and Quantitative Studies Highlights
| Established | Institute Type | 2018 | Private |
| Course | B.Sc (Actuarial Sciences and Quantitative Finance) |
| College | Patkar-Varde College |
| Affiliated to | University of Mumbai |
| Entrance Exam | Institute: QAT |
| Courses Offered | UG |
| Application Mode | Online |
| Entrance Exam Fee | INR 1,000 |
| Seats Available | 60 |
| Official Website | https://iaqs.in/ |
| Admission Helpdesk | (+91) 93727 77615 |
| Location | K.C. College Campus, K.C. College of Management Studies, Behind Regal Theatre, MB Marg, Colaba, Mumbai – 400005 Maharashtra, India |
Institute of Actuarial and Quantitative Studies Course
IAQS Mumbai offers a UG course in the discipline of Actuarial Sciences and Finance. Mentioned below are the details for the same:
Course: Bachelor of Science (B.Sc)
- Specialization: Actuarial Science and Quantitative Finance
- Eligibility: 10+2 in any discipline from a recognized board and obtained a valid score in QAT and Personal Interview.
- Duration: 3 years
- Intake: 60
- Fees: INR 1,98,630
Check: IAQS Mumbai Courses and Fees
Institute of Actuarial and Quantitative Studies Admission
Step 1: Visit the official website of the department (IAQS: https://iaqs.in/) and register yourself.
Step 2: Fill the application form with all the required information.
Step 3: Submit the duly filled form.
Selection Criteria: Applicants will be selected on the basis of the Quantitative Aptitude Test (QAT) followed by Interview (Non-Technical).
Step 4: Fill out the pre-admission form of Mumbai University and select the program for final admission.
Institute of Actuarial and Quantitative Studies Entrance Exam
Quantitative Aptitude Test (QAT) is an online entrance test for the Bachelor's program in Actuarial Science and Quantitative finance. It is conducted by the Institute of Actuarial and Quantitative Studies (IAQS) to ensure that the students of all backgrounds, boards, and streams are at par with no biases in the admission process. There will be a total of 70 questions in which 30 questions will be of 2 marks and 40 questions of 1 mark along with 25% negative marking for incorrect answers. The duration of the QAT is 2 hours and the exam fee is INR 1,000. The test will be conducted online every Saturday starting from April 4th, 2020. The score will be available in the student login immediately after appearing for QAT. After appearing for QAT (irrespective of the result), the student is eligible for the interview round.
Check: IAQS Mumbai QAT
Institute of Actuarial and Quantitative Studies Scholarships
There are 2 types of scholarship offered which are as follows:
- Financial Scholarship: Students facing financial hardships are eligible for this scholarship. The candidate shall be given up to a 40% scholarship on yearly fees depending on his/ her family’s financial condition. The final decision shall be taken by the admission committee.
- Professional Scholarship: As a part of IAQS Mumbai continuous encouragement for students to pursue professional qualification along with the program. The institute reimburses the fees paid to the respective institute on passing the relevant professional exam. IAQS consider IFoA and IAI’s Actuarial papers, Level 1 of CFA (CFA Institute, USA) and FRM (GARP Institute, USA) as relevant professional courses.
Institute of Actuarial and Quantitative Studies FAQs
Ques. What is QAT?
Ans. Quantitative Aptitude Test (QAT) is an online entrance test for the Bachelor's program in Actuarial Science and Quantitative finance. It is to ensure that the students of all backgrounds, boards, and streams are at par with no biases in the admission process. The test will be conducted online every Saturday starting from April 4, 2020. The score will be available in the student login immediately after appearing for QAT. After appearing for QAT (irrespective of the result), the student is eligible for the interview round.
Note: QAT is exempted for students who have cleared the Actuarial Common Entrance Test (ACET) or any actuarial paper from the Institute and Faculty of Actuaries – IFoA, UK, or Institute of Actuaries of India – IAI, India.
Ques. Is there any flexible payment option by the university?
Ans. You can contact your bank or financial institution who may offer such loans or you can contact the Admin for further information or advice.
Ques. What are the career prospects for doing a bachelor's in actuarial science?
Ans. It provides a pathway for students interested in career opportunities like Actuarial Science, Investment Banking, Data Science, Risk Modelling, Equity Research, Asset Liability Management and Financial Analysis. Hands-on experience with new-age business analysis tools such as Python, R, Bloomberg Terminal, etc. and courses mapped with professional courses, students can pursue various professional courses alongside this bachelor’s degree. Career work prospects for actuaries are Life Insurance, Non-Life Insurance, Pensions, Enterprise Risk Management, Investment, Data Science, Health Insurance, etc.
Ques. Who are Actuaries?
Ans. Actuaries have a deep understanding of the nature of risk and excel at putting a value on risk, regardless of the industry. While risk exists in all industries, no other industry handles the financial impact of risk more than the Insurance and Banking industry. Actuaries are experts in:
- Evaluating the likelihood of future events - using numbers.
- Designing creative ways to reduce the likelihood of undesirable events.
- Decreasing the impact of undesirable events that do occur.
Ques. What is the weightage criteria of QAT?
Ans. The weightage criteria of QAT is as follows:
- Math + Stats: 70% weightage
- English: 30% weightage
- The test is mandatory unless you have cleared ACET or any Actuarial paper
- 100 marks test of 2 hours consisting of 70 multiple-choice questions (MCQs).
- Incorrect answers will result in a 25% negative marking.
Courses & Fees
Explore Courses
Compare fees, eligibility, duration, exams, and specializations in a compact view.
Courses
1
Lowest Fee
₹1,98,630
Highest Fee
₹1,98,630
Streams
1
Science
Admission
Pre Admission Online Enrolment [B.Sc]
Start: 25 May 2024
Last Date: 11 Jun 2024
Cutoff
Value: N/A
Exam: N/A
Year: N/A
Ranking
Rank: N/A
Agency: N/A
Category: N/A
Specializations
1 available
Specialization
1st Year Fees
Total Fees
Cutoff
Actuarial Science
Bachelor of Science [B.Sc] (Actuarial Science)
1st Year Fee
₹1,98,630
Total Fee
₹5,95,890
Cutoff
N/A
Actuarial Science
Bachelor of Science [B.Sc] (Actuarial Science)
₹1,98,630
₹5,95,890
N/A
Admission Process
Admission to Institute of Actuarial and Quantitative Studies - [IAQS] is based on various entrance exams and merit. The college offers multiple courses with different admission criteria.
Placements & Recruiters
Institute of Actuarial and Quantitative Studies - [IAQS] Placement Details
Institute of Actuarial and Quantitative Studies - [IAQS] in Mumbai, Maharashtra, India placement details include salary insights, top recruiters, and hiring trends to help students understand career outcomes and campus opportunities.
Students usually compare highest package, average package, and recruiter profile before applying. This section gives a compact overview of career outcomes and placement visibility in Mumbai, Maharashtra, India.
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Salary Metrics
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Campus Facilities
Institute of Actuarial and Quantitative Studies - [IAQS] Facilities
Institute of Actuarial and Quantitative Studies - [IAQS] in Mumbai, Maharashtra, India offers campus facilities such as library, hostel, laboratories, sports, transport, cafeteria, medical support, Wi-Fi, and more for a better student experience.
Students often look for practical campus amenities before applying. This section gives a quick overview of the key facilities available for academics, student life, daily comfort, and overall campus experience in Mumbai, Maharashtra, India.
Total Facilities
5
Academic Support
2
Student Life
2
Student LifeCafeteria
Essential campus support designed to improve academic experience, student comfort, and day-to-day convenience.
AcademicClassrooms
Essential campus support designed to improve academic experience, student comfort, and day-to-day convenience.
FacilitySecurity
Essential campus support designed to improve academic experience, student comfort, and day-to-day convenience.
AcademicLibrary
Essential campus support designed to improve academic experience, student comfort, and day-to-day convenience.
Campus LifeAuditorium
Essential campus support designed to improve academic experience, student comfort, and day-to-day convenience.
Contact Information
K.C. College Campus, K.C. college of management studies, Behind Regal Theatre, MB Marg, Colaba<br> India
Pincode: 400104
9372777615
9372777617
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