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Have a knack for numbers? This could be your dream job

Actuaries earn as high as Rs 30 lakh in financial sector institutions, depending on the work experience and skillsets

February 19, 2020 / 03:03 PM IST

With a population of 67 million, the United Kingdom has 16,000 actuaries. The United States has 37,000 actuaries for a 329 million population while Canada has 5,500 such professionals for a 37 million population.

What about India with a population of 1.3 billion? Only 460.

The actual demand for fully qualified actuarial sciences professionals in India is more than three times the supply. However, a lack of awareness of the career opportunities and students dropping out midway has led to the low number.

At the Global Conference of Actuaries, IRDAI Chairman Subhash Khuntia said that there are many capable individuals who can qualify to become a full-time qualify. He added that there is a need to popularise this profession.