North Maharashtra University B.Sc. Admission 2017 – North Maharashtra University (NMU) Department of Actuarial Science School of Mathematical Sciences has released notification for admission to the 3-Year Course B.Sc (Actuarial Science) for academic the year 2017-18. The complete detail of North Maharashtra University B.Sc. Admission 2017 such as application form, eligibility criteria, selection process etc. are given on this page.

North Maharashtra University Admission 2017

NMU, Department of Actuarial Science School of Mathematical Sciences offers admission to the three year courses B.Sc (Actuarial Science) for the Academic year 2017-18. B.Sc (Actuarial Science) is a full time course of three years (six semesters) duration after HSC (12th Standard) being run in the Department of Actuarial Science since 2010.

Intake for the Course (40 seats) :70% seats are reserved for the candidates passed from Maharashtra State Boards Maharashtra State Boards and 30% seats are reserved for candidates passed from other State Boards from other state other state other states of India. (50% seats are reserved for SC/ST/NT/OBC candidates from Maharashtra state as per the reservation rules).

Schedule for the North Maharashtra University B.Sc. Admission 2017 is given below.

Events Dates
Last Date of submission of Application form 20 July 2017
Declaration of merit list of candidates 22 July 2017
Date of Spot Admission 26 July 2017
Date of commencement of lectures 01 Aug 2017

Application Form

Application Form of North Maharashtra University B.Sc. Admission 2017 can be downloaded from the official website at Interested & eligible candidates can also download the application form through the direct link, which is given below.

Submit your application form in person to the office of Head, Department Department Department of Actuarial of Actuarial Science, School of Mathematical Sciences, North Maharashtra University, Jalgaon – arashtra University, Jalgaon -425 001. 425 001. Candidate may also send your application form by post.

Prof. R. L. Shinde (Admission Authority) Prof. R. L. Shinde (Admission Authority)
Head, Department of Statistics and Head, Department of Statistics and
Department of Actuarial Science and Department of Actuarial Science and Actuarial Science and
Director, School of Mathematical Sciences, Director, School of Mathematical Sciences,
North Maharashtra University, Jalgaon. North Maharashtra University, Jalgaon.
E-mail: [email protected]

Application Fee

Application form along with Demand Draft of Rs. 300/- towards admission process processing fee drawn in favor of “The Finance and Accounts Officer, North Maharashtra North Maharashtra University, Jalgaon” should be submitted.


  • Candidate should attach only attested true copies true copies true copies of HSC (Class XII) examination Marks Sheet, Transfer Certificate (T.C.) from the previous School/College, Caste Certificate with validity certificate for candidate belonging to backward class from Maharashtra and Certificate of not belonging to Creamy Layer (only for candidate who belongs to NT2, NT3 and OBC categories) issued after 31.03.2017 and/or valid at least up to 31 march 2018.
  • Candidates should not attach the original certificates along with this application form. They should produce the original certificates personally at the time of spot admission.
  • Incomplete applications will not be considered.
  • Candidate has to pay complete fees at the time of spot admission.

Eligibility Criteria

A candidate who has passed H.S.C.(Class XII) from any stream (Science/ (Science/ (Science/ Commerce/Arts) with one of the subject Mathematics Commerce/Arts) and has obtained at least at least at least 50% (45% for reserved category for reserved category reserved category)marks in Mathematics marks in Mathematics marks in Mathematics.


Internal and External Examinations will be conducted by the Department of Actuarial Science under academic flexibility and results will be declared by University’s Examination section based on CGPA system.


  • 40% based on continuous Internal Assessment by Teachers.
  • 60% based on Semester End External Examination.

Course Fees (in Rupees)

Student’s State For B.Sc. (I) For B.Sc. (II and III)
Maharashtra State Rs. 17700 Rs. 16075
Other State of India Rs. 23350 Rs. 21575

Note: The candidate has to pay complete fees at the time of spot admission.

Course Details

  • Course Name : B.Sc (Actuarial Science)
  • Duration : 3-Year
  • Medium of Instructions for the course: English

Course Structure of B.Sc. (Actuarial Science) – (Six Semesters)

Semester-I Semester-II Semester-III Semester-IV Semester-V Semester-VI
Calculus-I Calculus- II Calculus- III Introduction to Mathematical Statistics Survival Models Stochastic Modeling
Linear Algebra Probability Distributions- I Probability Distributions- II Sampling Theory of Surveys Mathematical Statistics Applied Statistics
Descriptive Statistics- I Descriptive Statistics-II Financial Mathematics-I Financial Mathematics- II Finance and Financial Reporting Credibility Theory and Loss Distribution
Principles of Microeconomics Principles of Macroeconomics Probability Theory Life Contingencies-I Life Contingencies-II Life Contingencies- III
Effective Communication in English Principles and Practices in Insurance Financial Accounting Programming in C++ and Numerical Methods Mathematics of Demography Financial Economics
Practicals- I Practicals-II Practicals-III Practicals-IV Practicals-V Practicals-VI

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 are not 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
  • 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),

Cancellation of Admission

No candidate will be allowed to cancel his/her admission without paying complete fees. Amount deducted from the total fees paid at the time of cancellation of admission is as follows:

Admission cancelled within 7 days from the date of admission: Rs. 500 + 10% of Tuition fee.
Admission cancelled within 8-15 days from the date of admission: Rs. 500+ 25% of Tuition fee.
Admission cancelled after 15 days from the date of admission: 100% (i.e. No refund will be paid) .

For More Detail of NMU B.Sc Admission 2017 – Download Information Brochure

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