Institute of Actuarial and Quantitative Studies (IAQS) is a specialised department of Patkar-Varde College, affiliated with the University of Mumbai, and was founded in 2018. Based in Mumbai, Maharashtra, IAQS is a specialised school offering training in the fields of actuarial science and quantitative finance, combining theoretical and practical learning. The institute is recognised for its unique B.Sc. degree in Actuarial Sciences and Quantitative Finance, which has earned exemptions from accreditation by the Institute and Faculty of Actuaries (IFoA), UK. IAQS emphasises a robust academic curriculum, expert industry faculty, and advanced placement assistance. The dedicated campus facilities offer a modern learning environment, featuring digital libraries and state-of-the-art laboratories.
IAQS Highlights 2025
IAQS Courses 2025
The Institute of Actuarial and Quantitative Studies courses are designed to deliver specialised knowledge in Actuarial Sciences and Quantitative Finance. The primary offering is a full-time Bachelor of Science (B.Sc.) with this specialisation, spanning three years and requiring a 10+2 qualification in any discipline from a recognised board. It also offers a Master of Science (M.Sc.) in Actuarial Science and Data Analytics, which combines career-relevant skills with academic expertise.
IAQS Admission 2025
The Institute of Actuarial and Quantitative Studies' admission for 2025 is based on a transparent entrance and interview process. Interested students must register online via the official IAQS website and submit the application form. The selection process primarily includes a Quantitative Aptitude Test (QAT), an online exam that measures mathematical, statistical, and analytical skills. Shortlisted candidates will undergo a personal interview to evaluate their aptitude and communication skills, following the QAT. Pre-admission formalities for successful students at the University of Mumbai follow this.
How to Apply?
- Visit the Institute of Actuarial and Quantitative Studies official website.
- Register at the ‘Admission 2025’ portal.
- Fill out the online application form accurately.
- Upload relevant academic documents for verification.
- Apply and pay the QAT entrance exam fee online.
- Download the admit card to appear for the Quantitative Aptitude Test.
- Attend a personal interview upon clearing QAT.
- Complete Mumbai University admission formalities online.
IAQS Placement 2025
The Institute of Actuarial and Quantitative Studies placement cell offers strong industry connections, ensuring excellent placement opportunities for its students. Top Recruiters include PwC, HDFC Ergo, Deloitte, EY, and Merese, a well-known company. Students of IAQS are placed in risk advisory, actuarial consultancy, and quantitative finance, with a median package of INR 12 LPA and above. The placement team prepares the candidates through mock interviews, resume workshops, and corporate networking events. IAQS continues to expand its recruitment partnerships, aiming for 100% placement assistance and career growth support.
IAQS Campus Facilities 2025
Institute of Actuarial and Quantitative Studies campus facilities foster an academic and professional ecosystem with a student-centric approach. Facilities prioritise access to resources, digital learning, and a safe environment, ensuring the holistic development of students.
- Modern digital library with actuarial and finance resources.
- High-speed Wi-Fi connectivity across campus areas.
- Well-equipped computer and data analytics laboratories.
- Smart classrooms with multimedia teaching aids.
- Seminar halls for workshops, guest lectures, and events.
- The cafeteria offers a variety of healthy meals and refreshments.
- Secure campus with CCTV surveillance and controlled entry.
- Dedicated placement and career counselling centre.
- Recreational zones for student relaxation and group study.
- Convenient access via public and private transport options.
IAQS FAQs
What courses are offered by the Institute of Actuarial and Quantitative Studies?
The Institute of Actuarial and Quantitative Studies offers a B.Sc. in Actuarial Science and Quantitative Finance, as well as an M.Sc. in Actuarial Science and Data Analytics, to prepare students for careers in actuarial science.
How do I apply for admission to the Institute of Actuarial and Quantitative Studies?
Apply online on the Institute of Actuarial and Quantitative Studies website, register, fill out the application form, pay the fees, and appear for the QAT exam and interview for admission.
Which entrance exams are required for the Institute of Actuarial and Quantitative Studies admission?
Admission requires clearing the Quantitative Aptitude Test (QAT) conducted online by the Institute of Actuarial and Quantitative Studies, followed by a personal interview.
Who are the top recruiters visiting the Institute of Actuarial and Quantitative Studies for placement?
Top recruiters at the Institute of Actuarial and Quantitative Studies include PWC, HDFC Ergo, Deloitte, EY, and Merese for roles in actuarial science and quantitative finance.
What is the median salary package at the Institute of Actuarial and Quantitative Studies?
The median package offered in 2025 at the Institute of Actuarial and Quantitative Studies exceeds INR 12 LPA, reflecting the high value of its specialised courses.
What campus facilities does the Institute of Actuarial and Quantitative Studies provide?
The Institute of Actuarial and Quantitative Studies' Campus Facilities include digital libraries, computer labs, seminar halls, Wi-Fi, a cafeteria, security, and placement support facilities.
Where is the Institute of Actuarial and Quantitative Studies located and how to reach it?
Located on the Patkar-Varde College campus in Mumbai, it is accessible via Mumbai Central Railway Station (10 km), bus services, and is 25 km from Chhatrapati Shivaji International Airport.
Is the Institute of Actuarial and Quantitative Studies affiliated with a university?
Yes, the Institute of Actuarial and Quantitative Studies is affiliated with the University of Mumbai, ensuring recognised degrees and adherence to academic standards.
Are scholarships available at the Institute of Actuarial and Quantitative Studies?
Yes, need-based scholarships are available at the Institute of Actuarial and Quantitative Studies to support deserving students financially during their studies.
Does the Institute of Actuarial and Quantitative Studies provide placement assistance after graduation?
The Institute of Actuarial and Quantitative Studies has a dedicated placement cell that supports students during and after graduation for job placements and internships.
