Institute of Actuarial and Quantitative Studies Scholarship 2025: Eligibility & Application

The Institute of Actuarial and Quantitative Studies (IAQS), located in Mumbai, Maharashtra, supports students through an array of scholarships aimed at fostering access and excellence in actuarial science and quantitative finance. Scholarship offerings at IAQS include merit-based waivers, need-based financial assistance, and other targeted benefits, from full or partial fee waivers to awards for outstanding extracurricular achievement. Eligibility requirements and award amounts may vary and reflect the institute’s commitment to both academic merit and financial need.

Institute of Actuarial and Quantitative Studies Scholarships Overview

IAQS scholarships are designed to encourage aspiring actuarial and finance professionals while reducing financial barriers. Awards generally take the form of tuition fee waivers or stipends, based on set academic, financial, or category-oriented criteria. Below are the principal types of support available:

• Merit-based waivers (board/CUET/entrance scores)

• Need/EWS-based support (income thresholds)

• Category-based (domicile, single girl child, sports, defense wards, alumni)

Institute of Actuarial and Quantitative Studies Eligibility

Eligibility for scholarships at IAQS prioritizes both academic achievement and socio-economic considerations. A candidate may qualify via high board exam scores, top percentile in the institution’s Quantitative Aptitude Test (QAT), or demonstration of financial need validated by family income. Other waivers may reward national/state-level sports representation or specific categories such as single girl child, Mumbai domicile, or children of defense personnel. Common criteria include:

• Minimum 85% marks in qualifying exams or entrance tests

• Family income below INR 4–6 lakh per annum for need/EWS scholarships

• District/state/national-level achievement for sports-based awards

• Girl child or Mumbai domicile status verification

Institute of Actuarial and Quantitative Studies Required Documents

Applicants must provide key documents to verify their eligibility for scholarships. The required documentation is generally straightforward and ensures transparency during the institute’s review process.

• Recent academic mark sheets/certificates

• Entrance exam/interview score report

• Income certificate (where applicable)

• Category/achievement certificates

• Proof of Mumbai domicile or defense service affidavit (as needed)

Institute of Actuarial and Quantitative Studies Application Process

Scholarship applications at IAQS typically coincide with the admission cycle and must be completed via the institute’s official portal or submitted at the admissions office. It is essential for candidates to adhere strictly to the application deadlines, as late or incomplete submissions may not be considered. The process includes:

• Application for admission and scholarship on the IAQS website

• Uploading relevant verification documents

• Taking and clearing entrance assessments, such as the QAT

• Ensuring all credentials are submitted before the intake window closes (exact deadline as updated on IAQS portal)

Institute of Actuarial and Quantitative Studies Scholarship Details

The following table summarizes available scholarships, core eligibility criteria, and typical benefit structure at IAQS Mumbai. Final award decisions depend on thorough verification and are subject to institute-specific seat allocations.

Institute of Actuarial and Quantitative Studies Additional Notes

Scholarship recipients must maintain a minimum CGPA of 7.0 and 75% attendance for renewal in subsequent years. Scholarships are usually non-transferable and cannot be combined unless explicitly permitted in institute regulations. There are annual caps on total beneficiaries per scholarship type, with awards subject to periodic review. Conduct violations or academic performance below the renewal threshold may result in suspension or withdrawal of benefits.