Actuarial Analyst
Also known as: Actuarial Trainee · Actuarial Associate
Uses statistics to estimate risk and price insurance and pension products.
What you’d do
An actuarial analyst uses statistics and financial mathematics to estimate risk and to price insurance policies and pension plans. Employers include life and general insurers, reinsurers, consulting firms and analytics centres. A typical day involves cleaning policy and claims data, running models in Excel or R, and checking reserve and pricing calculations.
- Builds models of claims and mortality
- Analyses past policy and claims data
- Helps set premiums and reserves
- Studies for actuarial exams alongside work
How you get in
Clearing the ACET and a few IAI papers before graduating improves the chance of an analyst or trainee role at an insurer or consulting firm. Many freshers keep writing exams while working; employers often support exam fees and study leave.
Salary in India
Fresher salary over the years
middle of the 0–1 yr range, ₹ lakh a year
Fewer than two years of fresher data so far — the trend shows once there are two.
Skills you’ll use
From our guide · a curated list is coming
- Probability and statistics
- Financial mathematics (interest, annuities)
- Excel modelling
- R, Python or SQL for data work
- Writing clear summaries of model results
About this field · for freshers
Job openings by year
Is demand growing?
Not added yet.
Competition3
How many graduates enter each year?
B.Com graduates in 2023-24 at institutions that reported to AISHE — everyone finishing that degree, not only those entering this role.
Who hires
IT firms, banks, government, startups?
Not added yet.
Where the jobs are
Which cities?
Not added yet.
Women in the field3
Is it diverse?
Share of women among B.Com graduates in 2023-24 — the entry degree, not people already working in this role.
At a glance
- Full qualification as a Fellow usually takes several years of exams alongside work.
- Typical next steps: actuarial associate, then fellow in pricing, reserving or pensions.
- Exam pass rates are low, so progress is often slower than planned.
Stay safe
No legitimate employer ever asks you to pay to get a job.