We have always been aware of Chemistry, Biology, Physics as the branches of science which deals with chemicals, the universe, human anatomy but not many of us know about Actuarial Science. Actuarial Science – the career of which in details only a few are aware of, has always been known to be a path to be pursued by those who have exceptional skills and interest in mathematics and statistics.
To debunk the myths and to enlighten all the interested students about the career path. The Bhawanipur Education Society College- Department of Commerce (Morning) organised the webinar session on “Actuarial Science as a Career Option” on July 6,2021 from 4pm. The session was a success with a total of 101 attendees, out of which 68 were from BESC and the rest 33 were from various other colleges.
The session began at sharp 4pm with the Introductory speech by the organising Secretary Prof. Sreyasi Ghosh. She aptly mentioned that details of this career path are still yet to be known by all and that students have huge interest in knowing more about this field. Following the introduction of the session, the floor was handed over to Prof. Dilip Shah, Dean of Student Affairs, BESC who spoke on how the industry of insurance works and how much of hard work goes into the creation of policies that we see today whenever we opt for any insurance policy. Post his speech, the speakers were introduced.
The speakers for the session were Rishav Laddha and Raunak Ghorawat. Rishav Laddha currently positioned at Acquity Knowledge Partners as an Associate is a CFA level 3 candidate who has also cleared more than 6 actuarial papers. With 2+ years of professional experience in the financial services domain, Mr. Laddha spoke on the structure of the major two actuarial institutes i.e. Institute of Actuaries India (IAI) and Institute and Faculty of Actuaries (IFOA) UK. He enlightened the audience regarding the entrance exam pattern of IAI and the non-membership and membership pattern of IFOA UK. He also explained the similarities and dissimilarities between CFA and Actuarial Science. He briefly spoke on the number of papers required, the current job market scenario for actuarial aspirants, the job role and how networking plays a role in getting more information about actuarial jobs.
Our second speaker, Raunak Ghorawat, who is designated as a Senior Actuarial Analyst at Accenture spoke at length on the what Actuarial Science is all about, the subjects/papers, what each paper means, how many papers does one need to clear to be an associate member at IFOA, how can one get scholarship for their papers from the company they would work for, the job market structure, and the skills required.
Post each speaker session, there was a QnA round keeping the whole webinar an interactive one. The questions were moderated by Mr. Dushyant Chaturvedi. A few of the queries by students involved around the time frame required to be an actuary, the salary expectations, the daily software skills required and what happens if someone is not able to clear a paper in first attempt. The questions were heavy, and the speakers aptly answered them clearing all queries.
The vote of thanks was given by Prof. Minakshi Chaturvedi, Co ordinator, Morning Commerce. Overall, the webinar session was highly interactive, engaging and enlightening, thus making the webinar a success.
On 10th June 2023, The Bhawanipur Education Society College organized a Ghazal Evening as a tribute to the famous poet, lyricist, and gazalkar Late. Majrooh Sultanpuri. The hall decoration was aesthetically in sync with the traditional ghazal setup with bright jhoomers and fairy lights. Everyone was seated in a circle on mattresses with legs tucked …
The Badminton Inter College Competition was a 3-days event held on the 5th, 9th and 10th of November 2022 starting from 8 am to 4 pm at The Bhawanipur Education Society College campus with participation in great numbers. There were 15 volunteers and 300 athletes in total. There was a total of 180 matches which …
Students, Teachers, members of the non-teaching staff and the Management Committee congregated in the specially constructed structure called the Pavilion in the Turf to celebrate the Independence Day
The Bhawanipur Education Society College organized its first Orientation Program for the first years on the 20th & 21st of July 2015. The orientation program was themed D-Day refers to “The” big day in every student’s life, new beginning. This day earmarks a turn in their lives in every possible way.
ACTUARIAL SCIENCE AS A CAREER OPTION
We have always been aware of Chemistry, Biology, Physics as the branches of science which deals with chemicals, the universe, human anatomy but not many of us know about Actuarial Science. Actuarial Science – the career of which in details only a few are aware of, has always been known to be a path to be pursued by those who have exceptional skills and interest in mathematics and statistics.
To debunk the myths and to enlighten all the interested students about the career path. The Bhawanipur Education Society College- Department of Commerce (Morning) organised the webinar session on “Actuarial Science as a Career Option” on July 6,2021 from 4pm. The session was a success with a total of 101 attendees, out of which 68 were from BESC and the rest 33 were from various other colleges.
The session began at sharp 4pm with the Introductory speech by the organising Secretary Prof. Sreyasi Ghosh. She aptly mentioned that details of this career path are still yet to be known by all and that students have huge interest in knowing more about this field. Following the introduction of the session, the floor was handed over to Prof. Dilip Shah, Dean of Student Affairs, BESC who spoke on how the industry of insurance works and how much of hard work goes into the creation of policies that we see today whenever we opt for any insurance policy. Post his speech, the speakers were introduced.
The speakers for the session were Rishav Laddha and Raunak Ghorawat.
Rishav Laddha currently positioned at Acquity Knowledge Partners as an Associate is a CFA level 3 candidate who has also cleared more than 6 actuarial papers. With 2+ years of professional experience in the financial services domain, Mr. Laddha spoke on the structure of the major two actuarial institutes i.e. Institute of Actuaries India (IAI) and Institute and Faculty of Actuaries (IFOA) UK. He enlightened the audience regarding the entrance exam pattern of IAI and the non-membership and membership pattern of IFOA UK. He also explained the similarities and dissimilarities between CFA and Actuarial Science. He briefly spoke on the number of papers required, the current job market scenario for actuarial aspirants, the job role and how networking plays a role in getting more information about actuarial jobs.
Our second speaker, Raunak Ghorawat, who is designated as a Senior Actuarial Analyst at Accenture spoke at length on the what Actuarial Science is all about, the subjects/papers, what each paper means, how many papers does one need to clear to be an associate member at IFOA, how can one get scholarship for their papers from the company they would work for, the job market structure, and the skills required.
Post each speaker session, there was a QnA round keeping the whole webinar an interactive one. The questions were moderated by Mr. Dushyant Chaturvedi. A few of the queries by students involved around the time frame required to be an actuary, the salary expectations, the daily software skills required and what happens if someone is not able to clear a paper in first attempt. The questions were heavy, and the speakers aptly answered them clearing all queries.
The vote of thanks was given by Prof. Minakshi Chaturvedi, Co ordinator, Morning Commerce. Overall, the webinar session was highly interactive, engaging and enlightening, thus making the webinar a success.
Report by Kashish Burman
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