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Actuarial Science (MActSc)
Actuarial Science (MActSc)

Actuarial Science (MActSc)

  • ID:WU10191
  • Level:Master's Degree
  • Duration:
  • Intake:

Fees (CAD)

Estimated Total/program:
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Admission Requirements

Entry requirements

  • Minimum 70% GPA, 4-year Honors Bachelor's degree required, GMAT and GRE not required.

  • Statement of Interest (max 2 pages)

  • Curriculum Vitae (max 2 pages)

  • Upon acceptance of an offer of admission a deposit of $4000 is due within 21-days. Please refer to the information on deposits included with your offer.

English requirements

  • Minimum TOEFL: IBT- 83

  • Minimum IELTS: 6.5

  • Minimum Pearson: 65

Course Information

Actuarial science includes a number of interrelated subjects, including probability, mathematics, statistics, finance, economics, and mathematics of finance.

The Master of Actuarial Science will prepare you for the professional exams necessary to become an Actuary in North America with accreditation accepted in many other parts of the world.

You will study and live in Canada for approximately 16 months (4 academic terms) while enrolled in a total of 12 courses.

The courses will include actuarial mathematics as required for the Society of Actuaries (SOA) professional exams.

As a professional graduate program, alumni of the M.Act.Sc program are well prepared for careers in insurance, pensions, and healthcare industries. Graduates can also participate in one of the regular offerings of the Society of Actuaries (SOA) exams offered on-site.

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Total Courses: 12

  • ACSC-8010. Probability for Risk and Actuarial Science

  • ACSC-8020. Financial Mathematics, Theory of Interest

  • ACSC-8030. Derivatives Markets I

  • ACSC-8040. Derivatives markets II

  • ACSC-8050. Life Contingencies I

  • ACSC-8060. Life Contingencies II

  • ACSC-8070. Short Term Actuarial Models

  • ACSC-8100. Microeconomics

  • ACSC-8110. Macroeconomics

  • ACSC-8200. Regression and Time Series

  • ACSC-8300. Mathematical Statistics for Actuarial Science

  • ACSC-8400. Actuarial Science Capstone Project

The 12 required courses are scheduled over four semesters.

The Department of Mathematics and Statistics requires that students always maintain at least a 70% average. Term courses in which a grade of at least 70% has been earned will be accepted for graduate credit. Term courses with a grade lower than 60% will not be accepted for graduate credit. At most two term courses with grades in the 60% - 69.9% range will be accepted for credit subject to the approval of the Faculty of Graduate Studies after a positive recommendation from the Department’s Graduate Studies Committee upon consultation with the Director of the Master of Actuarial Science program. This recommendation will be given on a case-by-case basis.

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Career Opportunity

Career Opportunity

Ability to settle

Overseas Student Health Cover

Insurance: CAD 486.44/ year

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