Institute of Actuarial and Quantitative Studies: Admission 2026

The Institute of Actuarial and Quantitative Studies (IAQS), Mumbai, established in 2018, is a private institute approved by the UGC and affiliated with the University of Mumbai. Located within the All India Institute of Local Self Government (AIILSG) campus in Andheri West, the institute offers a focused academic environment dedicated to actuarial science and finance education. IAQS is professionally accredited by the Institute and Faculty of Actuaries (UK), making it the only undergraduate program in India to provide exemptions for up to six actuarial papers—a distinction that enhances its global recognition. Academically, IAQS offers a B.Sc. in Actuarial Science & Quantitative Finance and an M.Sc. in Actuarial Science, both designed to align closely with professional actuarial examinations and industry standards. The curriculum blends theory with application through data analytics, financial modeling, and quantitative methods. Students benefit from mentorship by industry professionals, practical projects with the BFSI sector, and flexible exam scheduling to accommodate actuarial body timelines, ensuring readiness for both academic and professional success. The institute’s campus, though compact, offers a modern and professional atmosphere featuring well-equipped classrooms, computer labs, a library, a cafeteria, an auditorium, and robust security. IAQS fosters an industry-oriented learning environment supported by faculty members with strong professional backgrounds. While hostel facilities are not available on-site, the college assists students in finding suitable accommodation nearby. Placements at IAQS reflect its strong industry linkage, with students receiving comprehensive placement assistance and internship opportunities during their penultimate year. The highest package has reached ₹12.6 LPA, and the average stands around ₹3 LPA, with top recruiters including leading consulting and financial firms such as Deloitte, EY, KPMG, PwC, Kotak, and L&T Infotech. With an A+ NAAC grade and a reputation for producing job-ready actuarial and finance professionals, IAQS stands out as a premier destination for students seeking a specialized, globally relevant education in actuarial and quantitative studies.