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Students
Tuition Fee
Start Date
Medium of studying
Duration
Program Facts
Program Details
Degree
Bachelors
Major
Actuarial Science | Probability Theory | Statistics
Area of study
Mathematics and Statistics
Course Language
English
About Program

Program Overview


The Concentration in Actuarial Science equips students with the skills and knowledge necessary to pursue a career as an Actuary. Graduates are prepared for professional exams and future employment in the insurance, banking, and consulting industries.

Program Outline


Degree Overview:


Concentration in Actuarial Science

This concentration, offered through the Department of Mathematics, Statistics, and Computer Science, focuses on skills necessary for success on the path to becoming an Actuary. Students may complete this concentration alongside a B.A. or a B.Sc. in Mathematics with Major, Advanced Major, or Honours.


Objectives:

  • Equip students with skills necessary to begin pursuing a career as an Actuary
  • Provide a strong foundation in financial, mathematical, and economic principles
  • Mandatory courses include:
  • ECON 101
  • ECON 102
  • BSAD 221
  • BSAD 241
  • BSAD 342
  • MATH 236
  • STAT 333
  • STAT 331 or STAT 357 (435)
  • STAT 334
  • Approved VEE courses include:
  • STAT 334
  • ECON 101
  • ECON 102
  • BSAD 241
  • BSAD 342
  • Strongly recommends STAT 445

Outline:


Program Content:

  • Focuses on courses related to financial, mathematical, and economic principles
  • Covers topics relevant to becoming an ASA or ACAS
  • Includes VEE (Validation by Educational Experiences) courses

Structure:

  • Courses typically taken in first year:
  • MATH 106 or 126
  • MATH 107 or 127
  • BSAD 101
  • BSAD 102
  • CSCI 161
  • ECON 101
  • ECON 102
  • Second year:
  • Consult Academic Calendar for Major/Advanced Major/Honours requirements
  • Complete applicable major/advanced major/honours requirements along with:
  • STAT 101 or STAT 231
  • BSAD 221
  • BSAD 241
  • MATH 236
  • Third and fourth years:
  • Follow applicable major/advanced major/honours requirements
  • Complete:
  • BSAD 342
  • STAT 333
  • STAT 331

Careers:


Potential Career Paths:

  • Actuary
  • Associate of the Society of Actuaries (ASA)
  • Associate of the Casualty Actuary Society (ACAS)

Opportunities:

  • Opportunities in insurance, banking, consulting firms, and other industries

Outcomes:

  • Students are prepared for professional exams and future careers in Actuarial Science

Other:

  • VEE:
  • Verified by Educational Experiences
  • Three topics:
  • Economics
  • Corporate Finance (ends July 1, 2019)
  • Accounting and Finance (new, begins July 1, 2018) or Applied Statistical Methods (ends July 1, 2018) and Mathematical Statistics (new, begins July 1, 2018)
  • Can be completed as desired
  • Completion qualifies students for VEE credit after passing two SOA or CAS exams
  • Actuarial Students' National Association
  • Offers webinars on Actuarial Science topics
  • Professional Exams:
  • Important component for Actuary designation
  • Contribute to professional advancement and expertise
  • Professional Associations:
  • Society of Actuaries (SOA)
  • Casualty Actuarial Society (CAS)
  • Canadian Institute of Actuaries (CIA)
  • Internships:
  • Provide real-world experience and industry-specific tools
  • Resources for Actuarial Science internships:
  • CAS Career Center
  • SOA Career Development
  • Co-op:
  • Combines academic studies and career-related experience
  • Alternates work terms with academic study
  • Paid work experience
  • Can complete 12-16 months of work experience
  • Organizations:
  • Insurance Companies
  • Banking
  • Consulting Firms
  • Organizations serving the Insurance Industry
  • Financial Consultancies
  • Corporate Finance
  • Investment Management

Conclusion:

The Concentration in Actuarial Science provides a comprehensive foundation for individuals pursuing careers in this field. The program emphasizes both theoretical knowledge and practical experience, preparing students for success in professional exams and future employment.

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About University
PhD
Masters
Bachelors
Diploma
Foundation
Courses

St. Francis Xavier University


Overview:

St. Francis Xavier University (StFX) is a renowned Canadian university located in the charming town of Antigonish, Nova Scotia. It is consistently recognized as one of Canada's best universities, particularly for its undergraduate programs. StFX prides itself on its small campus size, which fosters a close-knit community and provides ample opportunities for students to learn, grow, and thrive.


Services Offered:

StFX offers a comprehensive range of services to support students in their academic and personal endeavors. These include:

    Academic Services:

    Academic advising, accessible learning, academic success center, tutoring, and library resources.

    Support Services:

    Health and counselling services, human rights and equity support, sexual violence prevention and response, student career center, childcare, chaplaincy, and IT services.

    Student Life:

    New student orientation, transition programs, campus life activities, student societies, and resources for living off-campus.

    University Housing:

    Residence options, dining services, and information for living away from home.

    International:

    International exchange opportunities, international travel support, and advising for international students.

Student Life and Campus Experience:

StFX offers a vibrant and engaging campus experience. Students can expect:

    Close-knit community:

    The small campus size fosters a strong sense of community and allows students to build meaningful relationships with peers and faculty.

    Experiential learning:

    StFX is highly ranked for its experiential learning opportunities, providing students with practical experience through co-op programs, internships, research opportunities, and service learning initiatives.

    Active campus life:

    Students can participate in a wide range of extracurricular activities, including student societies, sports, arts, and cultural events.

    Beautiful campus:

    StFX is known for its picturesque campus, located in a charming town with a rich history and culture.

Key Reasons to Study There:

    Strong academic reputation:

    StFX is consistently ranked among Canada's top universities, particularly for its undergraduate programs.

    Small class sizes:

    Students benefit from personalized attention and close interaction with professors in small class settings.

    Experiential learning opportunities:

    StFX provides numerous opportunities for students to gain practical experience and apply their knowledge in real-world settings.

    Vibrant campus community:

    The close-knit community fosters a sense of belonging and provides ample opportunities for students to connect with peers and faculty.

    Beautiful location:

    StFX is situated in a charming town with a rich history and culture, offering a unique and enriching environment for students.

Academic Programs:

StFX offers a wide range of undergraduate, graduate, and professional diploma programs across various disciplines, including:

    Arts:

    Anthropology, Applied Forensic Psychology, Aquatic Resources, Art, Catholic Studies, Celtic Studies, Classical Studies, Development Studies, Economics, English, Health, History, Humanities Colloquium, Modern Languages, Music, Philosophy, Political Science, Public Policy and Governance, Religious Studies, Social Justice Colloquium, Sociology, Women's and Gender Studies, and Psychology.

    Business:

    Accounting, Business Intelligence and Analytics, Enterprise Systems, Entrepreneurship and Human Nutrition, Entrepreneurship, Finance, International Business, Management & Leadership, and Marketing.

    Education:

    Bachelor of Education, Master of Adult Education, Master of Education, and Ph.D. in Education.

    Science:

    Biology, Chemistry, Computer Science, Earth and Environmental Sciences, Engineering, Human Kinetics, Human Nutrition, Math & Statistics, Nursing, and Physics.

Other:

StFX is committed to fostering a diverse and inclusive campus environment. The university has a dedicated Diversity Engagement Centre that provides support and resources for students from various backgrounds, including Black students, Indigenous students, and international students. StFX also has a strong focus on research, with numerous research chairs, institutes, centers, and networks dedicated to advancing knowledge and innovation.

Total programs
59
Admission Requirements

Entry Requirements


EU Home Students:

  • English language proficiency equivalent to a Grade 12 English course with a final mark of 75% or higher.
  • Completion of prerequisite courses, depending on chosen program (Major, Advanced Major, or Honours):
  • Major:
  • Mathematics 12 (or equivalent), or equivalent, with a final mark of 60% or higher.
  • Advanced Major or Honours:
  • Mathematics 30 (or equivalent) with a final mark of 75% or higher.

International Overseas Students (Outside the EU):

  • Meet the equivalent English language requirements as Canadian students, OR provide a recognized English language test to demonstrate proficiency:
  • TOEFL iBT score of 85 or higher, with a minimum of 20 in each section.
  • IELTS overall score of 6.5, with no band below 6.0.
  • CAEL overall score of 70 with no score below 60.
  • Completion of the same prerequisite courses as EU Home Students, depending on chosen program.
  • An academic average of at least 75% in their most recent year of study.

Additional Documents:

  • Secondary school transcript
  • Official high school diploma
  • Application form
  • Application fee
  • Personal statement

International Overseas Students (Outside the EU):

  • Must meet one of the English language proficiency requirements mentioned above.

Notes

  • Specific entry requirements for international students might vary depending on their origin country.
  • This is a summary of entry requirements.
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