Content Curator | Updated on - Mar 30, 2026

The M.Sc. (Actuarial Science) programme at B.S. Abdur Rahman Crescent Institute of Science and Technology (BSAU), Chennai, is a 2-year postgraduate programme spread across four semesters, designed to equip students with strong mathematical, statistical, and financial skills for careers in insurance, risk management, banking, and finance. The total tuition fee for the programme is Rs. 1,00,000 (Rs. 50,000 per year), with a one-time Amenities and Service Fee of Rs. 20,000, making the total cost Rs. 1,20,000. The programme is offered in full-time, on-campus mode at the Vandalur, Chennai campus. It is one of the few M.Sc. Actuarial Science programmes in South India and is popular for its industry-aligned curriculum, exemption from ACET (Actuarial Common Entrance Test), and strong placement record in insurance and financial services companies.

Admissions for the 2026-27 academic year are currently open. Applications can be submitted online at admissions.crescent.education. Based on the previous year's pattern, the application window typically runs from January to May, with the batch commencing in July. Candidates are advised to apply early as seats are limited.

Key Points

The programme is recognized by the Institute of Actuaries of India (IAI); students are exempted from ACET upon successful completion.
The Society of Actuaries, USA has granted Validation by Educational Experience (VEE) Credits for 3 courses of this programme.
The curriculum is aligned with the syllabi of the Institute of Actuaries of India, IFoA UK, and Society of Actuaries, USA.
The department has 19 faculty members, of whom 17 hold Ph.D. degrees, including faculty with professional Actuarial qualifications.
Students get internship opportunities in insurance companies and financial consultancies.
The campus is Wi-Fi enabled with state-of-the-art labs equipped with MATLAB, SPSS, R, and Python.
Separate hostel facilities are available for boys and girls.

Official Link:

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Highlights
Fees
Admission
Scholarships
Placements
FAQs

BS Abdur Rahman University Latest Updates and News

18 May, 2026 BS Abdur Rahman University Fee Structure 2026 is out for the M.Sc Actuarial Science programs. The total academic fee is ₹ 1.2 Lakhs.

01 Apr, 2026 BS Abdur Rahman University is inviting applications for M.Sc Actuarial Science admission 2026 @crescent.education. Learn more.

BSAU M.Sc. Actuarial Science Fees

The M.Sc. Actuarial Science programme at BSAU is competitively priced at Rs. 50,000 per year in tuition fees, making the total tuition cost Rs. 1,00,000 for the 2-year programme. A one-time Amenities and Service Fee of Rs. 20,000 is charged at the time of admission, bringing the total payable amount (excluding hostel) to Rs. 1,20,000. Hostel fees are optional and charged separately based on the type of accommodation chosen.

Fee Structure

Fee Component	Amount
Tuition Fee (per year)	Rs. 50,000
Tuition Fee (2 years total)	Rs. 1,00,000
Amenities and Service Fee (one-time)	Rs. 20,000
Total Fees (excluding hostel)	Rs. 1,20,000
Hostel Fees (optional, per year)	Rs. 1,02,500 (approx.)

Tuition fee can be paid in two instalments per year (semester-wise).
Hostel fees are not mandatory; they apply only to students opting for on-campus accommodation.
For NRI/Foreign National candidates, the tuition fee is USD 1,500 per year with a one-time Amenities and Service Fee of USD 500.
Caution deposit (if any) is refundable at the time of leaving the institution.

BSAU M.Sc. Actuarial Science Admission 2026-27

Admissions to M.Sc. Actuarial Science at BSAU for 2026-27 are currently open. Selection is based on the candidate's performance in the qualifying UG degree and an interview. Candidates with strong Mathematics/Statistics backgrounds are preferred. The institute also conducts its own Crescent PG Entrance Test (CPGET 2026) for M.Sc. admissions.

Important Dates

Event	Date / Details
Application Start Date (2026-27)	January 2026 (ongoing)
Application Last Date (2026-27)	May 2026 (tentative)
CPGET 2026 (Crescent PG Entrance Test)	May-June 2026 (tentative)
Interview / Selection Process	June 2026 (tentative)
Batch Commencement	July 2026 (tentative)

*Note: BSAU uses its own CPGET for M.Sc. admissions. No national-level entrance exam (such as CUET PG) is mandatory for this programme at BSAU.*

The dates mentioned above are tentative and subject to change.

Eligibility Criteria:

B.E. / B.Tech. / B.Sc. (Mathematics / Statistics / Applied Mathematics / Computer Science) / BCA / B.Com. / BBA with Mathematics at graduation level or 12th Standard level, with a minimum CGPA of 5.0 / 50% of marks.
Candidates from any recognized university/institution are eligible to apply.
Selection is based on performance in the qualifying examination and interview.

Admission Process:

Visit the official admissions portal: admissions.crescent.education and fill in the online application form for Science PG programmes.
Upload required documents: UG mark sheets, transfer certificate, passport-size photograph, and ID proof.
Appear for the Crescent PG Entrance Test (CPGET 2026) if required, or qualify based on UG marks.
Attend the personal interview conducted by the Department of Mathematics and Actuarial Science.
Receive the offer letter and complete fee payment (semester-wise) to confirm admission.
Contact the PG Admissions Helpdesk: +91 99530 77999 or email admissions@crescent.education for queries.

BSAU M.Sc. Actuarial Science Scholarships 2026-27

BSAU offers merit-based fee concessions and scholarships to deserving students. Additionally, students from economically weaker sections and SC/ST categories can avail government scholarships. The programme's low fee structure itself makes it accessible to a wide range of students.

Scholarship Details

Scholarship / Concession	Amount / Benefit	Eligibility	Details
BSAU Merit Scholarship	Fee concession (varies)	Top-performing students in qualifying exam	Awarded at the time of admission based on UG marks
Tamil Nadu Government Scholarship (BC/MBC/SC/ST)	Full or partial fee reimbursement	Students from BC/MBC/SC/ST categories in Tamil Nadu	Applied through the Tamil Nadu e-Scholarship portal
Post-Matric Scholarship (Central Government)	Up to full tuition fee	SC/ST students from all states	Applied through National Scholarship Portal (NSP)
Minority Scholarship (Central Government)	Up to Rs. 30,000 per year	Students from minority communities with family income below Rs. 2.5 lakh	Applied through NSP; merit-cum-means basis

Government scholarships require timely application through the respective portals (Tamil Nadu e-Scholarship / NSP) after admission.
Students are advised to check the latest scholarship notifications on the official BSAU website and government portals.
BSAU's own merit scholarships are subject to availability and academic performance.

BSAU M.Sc. Actuarial Science Placement 2026

Placement Record

Recruiters
Royal Sundaram
HDFC Life
SBI Life
Star Health
Chola MS General Insurance
Kuwait Reinsurance Company
Chubb Business Services
RR Donnelley
University of Dar es Salaam, Tanzania (lecturer position)

The department has a good placement record with alumni working in leading insurance and financial services companies such as Royal Sundaram General Insurance, HDFC Life, SBI Life, Chubb Business Services, Kuwait Reinsurance Company, and RR Donnelley. Some alumni have also pursued academic careers, including a lecturer position at the University of Dar es Salaam, Tanzania. The department facilitates internships in insurance companies and financial consultancies for all students.

BSAU M.Sc. Actuarial Science FAQs

Ques. Does completing M.Sc. Actuarial Science at BSAU exempt me from the ACET exam conducted by the Institute of Actuaries of India?

Ans. Yes. Students who successfully complete the M.Sc. Actuarial Science programme at BSAU are exempted from the Actuarial Common Entrance Test (ACET) conducted by the Institute of Actuaries of India (IAI). This is a significant advantage as ACET is the gateway exam for becoming a student member of IAI and pursuing the actuarial fellowship exams.

Ques. What is the difference between M.Sc. Actuarial Science at BSAU and pursuing actuarial exams independently?

Ans. The M.Sc. programme at BSAU provides a structured 2-year academic curriculum aligned with IAI, IFoA UK, and Society of Actuaries USA syllabi, along with ACET exemption and VEE credits from the Society of Actuaries USA. Independent actuarial exam candidates must clear ACET first and then appear for CT/CS/CA series exams without the benefit of a structured academic environment, mentorship, or internship support.

Ques. What are the career prospects after M.Sc. Actuarial Science from BSAU?

Ans. Graduates can work as Actuarial Analysts, Risk Analysts, Data Analysts, or Underwriters in life insurance, general insurance, health insurance, reinsurance, banking, pension funds, and financial consultancies. Top recruiters include Royal Sundaram, HDFC Life, SBI Life, Star Health, Chola MS General Insurance, and Kuwait Reinsurance Company, among others.

Ques. Is the M.Sc. Actuarial Science programme at BSAU recognized by the Society of Actuaries, USA?

Ans. Yes. The Society of Actuaries (SOA), USA has granted Validation by Educational Experience (VEE) Credits for 3 courses of the M.Sc. Actuarial Science programme at BSAU. This means students can get credit for certain SOA exam requirements based on their coursework at BSAU, which is a significant advantage for those planning to pursue the SOA fellowship.

Ques. Can students from non-Mathematics backgrounds apply for M.Sc. Actuarial Science at BSAU?

Ans. Yes, provided Mathematics was one of the subjects at either the graduation level or the 12th Standard level. Students from B.Com., BBA, BCA, and B.E./B.Tech. backgrounds are eligible as long as they meet the minimum 50% marks criterion and have studied Mathematics at some level.

Ques. How is the placement record for M.Sc. Actuarial Science at BSAU?

Ans. The department has a good placement record with alumni working in leading insurance and financial services companies such as Royal Sundaram General Insurance, HDFC Life, SBI Life, Chubb Business Services, Kuwait Reinsurance Company, and RR Donnelley. Some alumni have also pursued academic careers, including a lecturer position at the University of Dar es Salaam, Tanzania. The department facilitates internships in insurance companies and financial consultancies for all students.

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BS Abdur Rahman University M.Sc Actuarial Science: Fees 2026, Course Duration, Dates, Eligibility

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