General Criteria

• A candidate is considered to be eligible for admission to the post graduate course if he/she has secured at least 50% (or equivalent CGPA) marks at graduation (45% marks for backward class i.e. SC/ST/DT/NT/OBC/SBC/SEBC category candidates from Maharashtra state).

Specific Criteria

• B.Sc. (Mathematics) or B.Sc. in any other subject with Mathematics at S.Y.B.Sc. level with minimum 50% marks/CGPA in Mathematics. Preference will be given to B.Sc. (Mathematics

• First Year: 14,065/-
• Second Year: 10,965/-

General Criteria

• A candidate is considered to be eligible for admission to the post graduate course if he/she has secured at least 50% (or equivalent CGPA) marks at graduation (45% marks for backward class i.e. SC/ST/DT/NT/OBC/SBC/SEBC category candidates from Maharashtra state).

Specific Criteria

• B.Sc.(Statistics) or B.Sc. in any subject with Statistics as a one of the subsidiary subject up to second year B.Sc. Minimum 50% (45% for SC/ST/NT/OBC candidates) marks in Statistics are essential at B.Sc. Level.

• Students are expected to learn mathematical methods for Statistics, Mathematical Statistics, core Statistical Methods as per the syllabi provided by UGC or suggested by NET/SET.
• Students are expected to learn in depth the computational Statistical tools through computer programming and Statistical software.
• More focus is given on Statistical tools useful for service as well as manufacturing industries.
• Technical communications and other audit courses will develop overall personality of student.
• Students will be trained through the projects to handle real life statistical situations and tackle working challenges before statisticians.
• After the completion of this M.Sc.(Statistics) degree program candidates will be ready to serve in: i) Industry (Banking, Finance, Insurance, Production, Software, etc) ii) Government organizations iii) Teaching and research

• First Year : 14,065/-
• Second Year : 10,965/-

General Criteria

• A candidate is considered to be eligible for admission to the post graduate course if he/she has secured at least 50% (or equivalent CGPA) marks at graduation (45% marks for backward class i.e. SC/ST/DT/NT/OBC/SBC/SEBC category candidates from Maharashtra state).

Specific Criteria

• A candidate who has passed HSC(10+2) from any stream (Science/Commerce/Arts) with one of the subject Mathematics in English medium and has obtained at least 50% marks in Mathematics is eligible to get admission through entrance examination.

• Insurance Pension plans and Fund Management
• Banking and finance Management consulting
• Government agencies: Social Security Administration, Pension Benefit Guarantee Corporation, and Department of Housing and Urban Development in developed nations.
• Brokerage houses and software development companies.
• For additional information please refer to the website of Institute of Actuaries of India (IAI), www.actuariesindia.org

• First Year : --
• Second Year: --
• Third Year: --

Nature and Duration of the Course:

This is a full-time course of four years (8 semesters) duration after HSC (12th Standard). Under this program, students pursuing a B.Sc.(Hon) Mathematical Sciences with Majors and Minors will have the opportunity to tailor their education according to their interests and career goals. Students will have options to choose a major and a minor subject.

Under this program, students pursuing a B.Sc. (Hon) Mathematical Sciences will get one of the following degrees based on the subjects chosen as Major and a Minor by him/her at the time of admission:

B.Sc. (Hon) Mathematical Sciences-Statistics Major and Data Science/Economics Minor

B.Sc. (Hon) Mathematical Sciences-Actuarial Science Major and Economics Minor

Program Highlights:

The B.Sc. Mathematical Sciences program with a major in Statistics or Actuarial Science and a minor in Data Science or Economics offers a comprehensive curriculum designed to provide students with a strong foundation in Mathematical, Statistical Actuarial and Economical concepts, as well as practical skills in data analysis and decision making.

By earning B.Sc. Mathematical Sciences degree with a major in Statistics or Actuarial Science and a minor in Data Science or Economics, student will:

• Learn theory of Statistics, Mathematics, Probability, Insurance, Finance and Accounting.
• Gain proficiency in data analysis techniques, statistical software tools, and programming languages commonly used in data science and analytics, such as R, Python, and SQL.
• Learn from experienced faculty members and guest industry experts who will guide student through courses in areas such as Statistical Inference, Time Series Analysis, Financial Mathematics, Data Visualization, and Econometrics.
• Apply knowledge and skills to real-world problems through hands-on projects and internships, acquiring valuable experience in data collection, analysis, and interpretation.
• Choose electives tailored to your interests and career goals, such as Advanced Data Science, Actuarial Modeling, Financial Risk Management, or Applied Econometrics.
• Develop critical thinking, problem-solving, and analytical skills that are highly valued in various industries, including finance, insurance, healthcare, marketing, and research.
• Enhance your job prospects and open doors to diverse opportunities in fields such as data analysis, actuarial science, financial modeling, market research, risk management, and consulting.

Exit Options will be available as below:

• UG Certificate in Mathematical Sciences (after 1 Year)
• UG Diploma in Mathematical Sciences (after 2 Year)
• B.Sc. in Mathematical Sciences (after 3 Year)
• B.Sc. Honours in Mathematical Sciences (after 4 Year)
• B.Sc. Honours with Research in Mathematical Sciences (after 4 Year)

General Criteria

• A candidate is considered to be eligible for admission to the post graduate course if he/she has secured at least 50% (or equivalent CGPA) marks at graduation (45% marks for backward class i.e. SC/ST/DT/NT/OBC/SBC/SEBC category candidates from Maharashtra state).

Specific Criteria

• B.Sc.(Statistics) or B.Sc. in any subject with Statistics as a one of the subsidiary subject up to second year B.Sc. Minimum 50% (45% for SC/ST/NT/OBC candidates) marks in Statistics are essential at B.Sc. Level.

In adherence to the principles of National Education Policy-2020(NEP 2020), KBCNMU has incorporated six different verticals and features into the undergraduate programs, providing students with a well-rounded educational experience:

• Multidisciplinary Approach: The new courses emphasize a multidisciplinary approach by integrating diverse subjects, allowing students to develop a holistic understanding of their field of study and its interconnectedness with other disciplines.
• Open Electives: Students across all UG degrees can choose open electives, enabling them to explore subjects beyond their primary field of study. This flexibility encourages interdisciplinary learning and fosters a well-rounded educational experience.
• Value-Added Courses: KBCNMU offers specialized value-added courses that enhance students' knowledge and skills in emerging areas such as data analytics, digital marketing, and entrepreneurship. These courses enhance employability and make students industry-ready.
• Ability Enhancement Courses: The university provides ability enhancement courses that focus on developing critical skills such as communication, problem-solving, teamwork, and leadership. These courses equip students with transferable skills necessary for success in their careers and personal lives.
• Life Skill Courses: KBCNMU incorporates life skill courses that cover a wide range of topics including yoga, music, mindfulness, stress management, financial literacy, and ethical reasoning. These courses nurture students' overall personal and professional growth, preparing them to face real-world challenges with confidence.
• Vocational Skill Courses: To address industry demands, vocational skill courses are offered to provide students with practical skills aligned with specific industries or professions. These courses prepare students for a smooth transition into the workforce and bridge the gap between academia and industry requirements.

Demand in Actuarial Profession:

• Insurance and Banking Industry in India and globally likely to generate many jobs for Actuarial Professionals the next few years.
• Today most of the actuarial jobs particularly in product pricing, asset valuations, compensation plan designing and various other non-insurance areas needing actuaries are carried out by MBAs or other professionals who may not be ideally competent enough to perform them.
• The most important reason for a slow growth rate of Actuarial Graduates is poor awareness and lack of educational facilities to provide good quality training in India.

Employment Opportunities for actuarial graduates:

• Insurance
• Pension plans and Fund Management
• Banking and finance
• Actuarial/Management consulting
• Government agencies: Social Security Administration, Pension Benefit Guarantee Corporation, and Department of Housing and Urban Development in developed nations.
• Brokerage houses and software development companies.
• For additional information please refer to the website of Institute of Actuaries of India (IAI), www.actuariesindia.org

• First Year :
• Second Year :