What are the programmes offered by the Institute of Actuarial and Quantitative Studies?

IAQS provides a B.Sc. in Actuarial Science & Quantitative Finance and an M.Sc. in Actuarial Science.

Does the Institute of Actuarial and Quantitative Studies have a placement cell?

Yes, IAQS has a fully-fledged placement cell that offers 100% job placement support to students.

Institute of Actuarial and Quantitative Studies: Courses, Admission 2025, Fees, Scholarship, Placements, Ranking

Q: Where is the Institute of Actuarial and Quantitative Studies?

It is based at the All India Institute of Local Self Government, Andheri West, Mumbai.

Q: When was the Institute of Actuarial and Quantitative Studies set up?

The institute was set up in 2018 to offer specialized education in actuarial and quantitative finance.

Q: Does the Institute of Actuarial and Quantitative Studies provide hostel facilities?

There are no official hostel facilities; students must arrange accommodation on their own.

Q: Does the Institute of Actuarial and Quantitative Studies provide scholarships?

Yes, merit-based scholarships and fee waivers are provided to deserving students.

The Institute of Actuarial and Quantitative Studies (IAQS), which started operations in 2018, is based in Andheri West, Mumbai, is a specialized and focused institute in the areas of actuarial science and quantitative finance. The institute provides B.Sc. and M.Sc. programs in Actuarial Science & Quantitative Finance that aim to give to students the skills and knowledge required for their preferred actuarial careers. The range of the curriculum is the same as that of the international standards mentioned, and the students attending such programs are accredited with exemption according to the UK's Institute and Faculty of Actuaries (IFoA) papers. The Institute of Actuarial and Quantitative Studies is committed to imparting knowledge of both a theoretical and practical nature through the facility of internships and liaison with the industry. The institute also prides itself on a professional placement cell that fosters great job opportunities for the students in the fields of finance and insurance. However, IAQS isn't too much concerned about providing student accommodation. Students can still attend the near student hostels with the permission of the institutions. Scholarship programs are also available for the students which are based on merit and would support them financially. Thus, The Institute of Actuarial and Quantitative Studies is devoted to equipping competent actuarial professionals capable of addressing the industry challenges at the global level. No wonder with its modern teaching strategies and close cooperation with the industry, this institution is currently in demand as far as actuarial education in India is concerned.

Institute of Actuarial and Quantitative Studies Highlights
Institute of Actuarial and Quantitative Studies Courses & Fees – 2025
Institute of Actuarial and Quantitative Studies Popular Programs – 2025
Institute of Actuarial and Quantitative Studies Application Process – 2025
Institute of Actuarial and Quantitative Studies Admission – 2025
Institute of Actuarial and Quantitative Studies Cutoff – 2025
Institute of Actuarial and Quantitative Studies Placement – 2025
Institute of Actuarial and Quantitative Studies Scholarships – 2025

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Institute of Actuarial and Quantitative Studies Highlights

The Institute of Actuarial and Quantitative Studies (IAQS) was set up in 2018 and is situated in Andheri West, Mumbai. It is linked to the University of Mumbai by Patkar-Varde College. IAQS is the pioneer in offering the B.Sc. program of Actuaries in India that is accredited by the Institute and Faculty of Actuaries, UK. The program combines Actuarial Science with Quantitative Finance, and it also provides exemptions for six IFoA papers. Practical learning is enhanced through monthly industry interaction sessions.

Here are the key highlights of Institute of Actuarial and Quantitative Studies

Feature	Details
Founded	2018
Unique Offering	First B.Sc. program in India accredited by IFoA with exemptions for six professional papers
Dual Focus	Integrated curriculum in Actuarial Science and Quantitative Finance
Campus Location	Based at All India Institute of Local Self Government (AIILSG), Andheri West
Industry Integration	Monthly "Industry Connect" sessions with BFSI leaders

Institute of Actuarial and Quantitative Studies Courses & Fees – 2025

The Institute of Actuarial and Quantitative Studies provides a B.Sc. in Actuarial Science and Quantitative Finance, as well as a hybrid M.Sc. in Actuarial Science and Data Analytics The B.Sc. is a 3-year course, with fees of about ₹5.96 lakhs for the entire period. The M.Sc. involves internships and capstone projects that help students get ready for life challenges. Short-term certificate programs and workshops are also available to improve technical skills.

Here are the Institute of Actuarial and Quantitative Studies Courses and Fees details:

Program	Duration	Total Fees (Approx.)
B.Sc. in Actuarial Science & Quantitative Finance	3 years	₹5.96 lakh (₹1.99 L/yr)
M.Sc. in Actuarial Science & Data Analytics (Hybrid)	2 years	Not publicly listed (brochure available)
Certificate/Workshops	Varies	Varies by program, include capstone projects

Institute of Actuarial and Quantitative Studies Popular Programs – 2025

One of the most popular programs at The Institute of Actuarial and Quantitative Studies is B.Sc. in Actuarial and Quantitative Finance, which not only constitutes the professional exam content but also involves the industry's most recognized exemptions. Moreover, the hybrid M.Sc. program is liked for its mix of technical skills and professional experience by students. During capstone projects and internships that are part of the mandatory curriculum, the students can have a real-world experience. These programs are an excellent fit for the banking finance services insurance sector as they are in line with their expectations. Additionally, the workshops help in niche areas' specialized knowledge.

Here are the popular programs of the Institute of Actuarial and Quantitative Studies

Program	Highlights
B.Sc. Actuarial & Quantitative Finance	Covers IFoA/IAI exam syllabus; 6 paper exemptions
M.Sc. Hybrid Program	Integrates Data Analytics, mandatory internships, and capstone projects
Workshops & Certificates	Adds specialized training in coding, risk modelling, and actuarial tools
Industry Connect Sessions	Monthly interactions to bridge academia-industry gap

Institute of Actuarial and Quantitative Studies Application Process – 2025

Students have the opportunity to submit applications for B.Sc. or M.Sc. programs through the Institute of Actuarial and Quantitative Studies official website. An applicant is supposed to have a 10+2 qualification for the B.Sc. program that requires a minimum of 70% in the fifth semester for the M.Sc. program. For those who have not crossed the required academic level need to take the QAT (Quantitative Aptitude Test) and also appear for a personal interview. The procedure is intended to measure the student's academic ability as well as the analytic thinking and innovation skills. Admission acceptance comes after the evaluation of the performance results.

Here is the application process of the Institute of Actuarial and Quantitative Studies

Step	Details
Eligibility	B.Sc: 10+2 graduate; M.Sc: bachelor's with ≥70% in sem 5 (else QAT + PI)
Entrance Test	QAT aptitude test; ACET/IFoA exemptions as applicable
Personal Interview	Required for applicants not meeting academic threshold
Application	Online via IAQS website; forms open for AY 2025-26
Admission Call	Based on QAT scores, interview, and academic credentials

Institute of Actuarial and Quantitative Studies Admission – 2025

There is a very high level of competition for The Institute of Actuarial and Quantitative Studies admissions, where candidates are ranked according to their academic scores, entrance test scores, and also how they performed in the interviews. B.Sc. program suits high school graduates majoring in finance, statistics, or mathematics. M.Sc. program accommodates college graduates that have already done courses that are necessary and are interested in jobs that need alphanumeric data analysis. A thorough evaluation is carried out on each application before they are confirmed. Students are required to present documents like testimonials, their ID, and admission test results.

Here are the Institute of Actuarial and Quantitative Studies Admission details:

Criteria	Details
B.Sc. Program	Enrollment based on QAT score & class 12 results; exemptions included
M.Sc. Program	Requires ≥70% grad marks or QAT + PI; hybrid format with internships
Document Submission	Includes mark sheets, ID, photos, aptitude test results
Seat Intake	Selective and limited; focus on personalized learning
Confirmation	On payment and fulfilment of eligibility criteria

Institute of Actuarial and Quantitative Studies Cutoff – 2025

Admission criteria for The Institute of Actuarial and Quantitative Studies programs do not vary from year to year, as there are no fixed cutoffs. Hence, the institute determines a student's eligibility based on their internal QAT, academic records, and interviews. To be in a better position for the M.Sc. application, a student who wants to get admitted should, in semester five, have a minimum of 70% grade. If someone still feels that he/she is not at the required level, then he/she can go through QAT and PI rounds. The registrar scrutinizes the results by taking into consideration aptitude, talent, and field of interest of the student with course objectives.

Here are the cutoffs at the Institute of Actuarial and Quantitative Studies

Program	Criteria
B.Sc.	No fixed cutoff; admission based on merit rank from QAT & academics
M.Sc.	Requires ≥70% graduate marks or QAT + PI; interview-stage selection
Portfolio & Aptitude	Considered for certificate programs and candidate profiling
Competitiveness	Moderate due to exemptions and personalized intake

Institute of Actuarial and Quantitative Studies Placement – 2025

The Institute of Actuarial and Quantitative Studies has a dedicated placement cell that helps its students secure internships and job positions at the beginning of their careers. Some of the companies that visit the campus for recruitment are Deloitte, KPMG, EY, Kotak Mahindra, and L&T Infotech. Students get placed on average of ₹3 LPA which, in rare cases, goes up to ₹12.6 LPA. Internships are not only an add-on to their careers but also, they are part of the academic program through which students get hands-on experience in the industry. Most of the students get placed for their jobs before they even get through their last semester.

Here are the placements of the Institute of Actuarial and Quantitative Studies

Aspect	Details
Placement Cell	Dedicated cell with 100% assistance and internship placements
Recruiters	Includes Deloitte, EY, Kotak Mahindra, KPMG, L&T Infotech, etc.
Average Package	₹3 LPA; Highest reported ₹12.6 LPA
Internships	Mandatory penultimate-year internships integrated into curriculum

Institute of Actuarial and Quantitative Studies Scholarships – 2025

The Institute of Actuarial and Quantitative Studies, scholarships are awarded on merit to outstanding students who definitely have a bright future either in their studies or the QAT entrance test. This will be of great help to those who not only get the fee waived but also become eligible to skip professional exams such as IFoA papers. Upon a separate request, the institute may decide to provide individual assistance to students that satisfy certain criteria. The purpose of scholarships is to inspire their studies in the actuarial and financial fields. You will find out if you are a qualified candidate through the office in charge of admissions.

Here is the Institute of Actuarial and Quantitative Studies Scholarship

Scholarship Type	Details
Merit-based Scholarships	For high academic or QAT performance; details via admissions office
Professional Exemptions	IFoA paper exemptions equivalent to scholarships value
Fee Waivers	Case-by-case financial assistance on request