Program Overview
Actuarial Science Program
The Actuarial Science program is offered as a Bachelor of Arts (BA) degree. Courses in this program provide students with the necessary mathematical and statistical skills, techniques, and confidence to succeed in a demanding business world. Actuarial Science is a collection of courses spanning areas such as mathematical analysis, probability theory, statistics, actuarial science, finance, and economics.
Program Description
The program has been specifically designed for students striving to attain the Associate designation of the Society of Actuaries or the Casualty Actuarial Society. It provides solid and rigorous training in both quantitative and qualitative aspects of the Actuarial profession to jump-start a career in industry, government, or graduate studies. Examples of activities in which graduates of Actuarial Science may be involved include:
- Project management
- Inventory control
- Forecasting
- Analyzing data
- Investigating patterns and trends
- Creating mathematical models
- Evaluating pension funds
- Pricing life and non-life insurance contracts
- Assessing solvency criteria
Admission Requirements
- Ontario High School Applicants:
- English (ENG4U)
- Advanced Functions (MHF4U)
- Calculus & Vectors (MCV4U) (recommended)
- International Students:
- Highest level Mathematics
- Requirements will vary depending on the curriculum
First-Year Courses
Typical first-year courses include:
- Principles of Risk Management
- Micro and Macro Economics
- Calculus and Linear Algebra
- Problems, Conjectures and Proofs
- Writing: Methods and Models
Application Process
To apply, students must:
- Complete an online application form
- Pay the application fee
- Submit supporting documents through the university's online portal
Career Opportunities
A degree from the Faculty of Science opens the door to many different pathways and opportunities. Career possibilities for Actuarial Science graduates include:
- Actuary
- Quantitative Risk Analyst
- Financial Business Analyst
- Risk Modelling Analyst
- Data Analyst
- Data Scientist
- Post Graduate Studies/Academic Career
Program Flexibility
The Math & Stats programs are designed to allow students to switch between any of the programs in the first three semesters and still finish their degree on time.