Overview

Actuarial science is the study of risk, usually risk associated with insurance, pension, and investment plans. An actuary is a professional听who practices this science. Actuarial science uses techniques from mathematics, statistics, business, economics, and finance.

The Bachelor of Science with a Major in Actuarial Science degree program prepares students to write the early exams required to become an Actuary. Actuaries are in demand as professionals who develop solutions for complex financial issues, and have excellent career opportunities following graduation as well as excellent co-op work opportunities during their studies.

We offer the only complete actuarial degree in Atlantic Canada. The unemployment rate for actuaries in Canada is 0%, and the mid-career average salary is near $100,000.听

CIA President H茅l猫ne Pouliot presenting Varesh Kumar Beeharry with the Academic Achievement Award, one of three awards that comprise the inaugural ASNA-CIA Diversity, Equity and Inclusion Scholarships.
Actuarial Science, School of Mathematical and Computational Sciences

Varesh Kumar Beeharry, a fourth-year actuarial sciences student at 精童欲女, has won a prestigious scholarship, valued at $3,000, from the Canadian Institute of Actuaries (CIA) and the Actuarial Students鈥 National Association (ASNA).

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Course Structure

Note: Current 精童欲女 students should refer to Student Planning in my精童欲女 and the 精童欲女 Academic Calendar governing their entry year, and speak to an academic advisor about course requirements. The course structure presented for this program is a recommended, unofficial progression for prospective students.


Note: As per Academic Regulation 1h, all undergraduate degree programs require successful completion of IKE-1040 (new for students beginning or returning after re-application in Fall 2022); one of 精童欲女-1010, 精童欲女-1020, or 精童欲女-1030, and a Writing Intensive Course.听


Common Core

All degree programs in the School of Mathematical and Computational Sciences are built on a common core of courses that should be completed in the first two years of study. This common core consists of the following courses:

Course Course name Credits
MATH 1910 Single Variable Calculus I 4
MATH 1920 Single Variable Calculus II 4
MATH 2610 Linear Algebra I 3
STAT 1910 Intro to Probability and Statistics 3
CS 1910 Computer Science I 3
CS 1920 Computer Science II 3

One of:
精童欲女 1010
精童欲女 1020
精童欲女 1030


Writing Studies
Inquiry Studies
University Studies

3
Total Semester Hours of Credit 23

Common Breadth Requirement

Students must take at least 15 semester hours of credit beyond the core course requirement in courses outside the School of Mathematical and Computational Sciences, and of these 15 semester hours of credit at least 6 must be from outside the Faculty of Science.

Common Advanced Courses

Students in all degree programs in the School of Mathematical and Computational Sciences must complete听MCS 4210 Professional Communication and Practice (writing-intensive)听and听MCS 3050 Tutoring in Mathematical and Computational Sciences.听

Requirements for a Major in Actuarial Science

Note: Current 精童欲女 students should refer to Student Planning in my精童欲女 and the 精童欲女 Academic Calendar governing their entry year, and speak to an academic advisor about course requirements. The course structure presented for this program is a recommended, unofficial progression for prospective students.


The Major in Actuarial Science requires a total of 120 semester hours of credit, as described below:

Credits
The Common Core 23
MATH 2910 - Multivariable and Vector Calculus 4
STAT 2910 - Probability and Mathematical Statistics I 3
STAT 3910 - Probability and Mathematical Statistics II 3
STAT 3240 - Applied Regression Analysis 3
MATH 3010 -听Differential Equations 3

At least one of:听

OR MCS - 2040 Visual Basic in Excel Technology Lab
OR听AMS 3040 - Introduction to GGY Axis Lab

1
MCS 2030 - R Technology Lab 1
AMS 2160 - Financial Mathematics I 3
AMS 2410 - Financial Economics I 3
AMS 3410 - Financial Economics II 3
AMS 2510 - Long Term Actuarial Mathematics I 3
AMS 3510 - Long Term Actuarial Mathematics II 3
AMS 3310 - Advanced Corporate Finance 3
AMS 4540 - Loss Models I 3
AMS 4550 - Loss Models II 3
AMS 4700 - Short-term Insurance Pricing and Reserving 3
AMS 4580 - Credibility Theory 3
STAT 4330 - Time Series I听 3
At least one of: STAT 4410 - Stochastic Processes OR
STAT 4280 - Generalized Linear Models
3
AMS 2030 - Intermediate Microeconomics I 3
AMS 2040 - Intermediate Macroeconomics I听听 3
ACCT 1010 - Introduction to Accounting 3
BUS 2310 - Corporate Finance听 3
MCS 3050 - Tutoring in Mathematical and Computational Sciences听 1
MCS 4210 - Professional Communication and Practice听 3
Additional general electives 27
Total Semester Hours of Credit 听 听 听 120
Specializations
Major in Actuarial Science with Pre-professional Specialization

This specialization is designed for those students who plan to complete the full suite of exams required to apply for Associate status from the Canadian Institute of Actuaries or the Society of Actuaries. The specialization contains six additional courses compared with the major. Students enrolled in the specialization would receive all courses related to the exams needed to obtain the designation of Associate from the Canadian Institute of Actuaries (CIA), as well as the Society of Actuaries (SOA). 听

Credits
The Common Core 23
MATH 2910 - Multivariable and Vector Calculus 4
STAT 2910 - Probability and Mathematical Statistics I 3
STAT 3910 - Probability and Mathematical Statistics II 3
STAT 3240 - Applied Regression Analysis 3
MATH 2620 - Linear Algebra 3
MATH 3010 -听Differential Equations 3

At least one of:听

OR MCS - 2040 Visual Basic in Excel Technology Lab
OR听AMS 3040 - Introduction to GGY Axis Lab

1
MCS 2030 - R Technology Lab 1
AMS 2160 - Financial Mathematics I 3
AMS 2410 - Financial Economics I 3
AMS 3410 - Financial Economics II 3
AMS 2510 - Long Term Actuarial Mathematics I 3
AMS 3510 - Long Term Actuarial Mathematics II 3
AMS 3310 - Advanced Corporate Finance 3
AMS 4540 - Loss Models I 3
AMS 4550 - Loss Models II 3
STAT 3250 - Statistical Learning and Modelling 3
AMS 4600 - Predictive Analytics 3
AMS 4610 - Predictive Analytics for Actuaries 3
AMS 4700 - Short-term Insurance Pricing and Reserving 3
AMS 4580 - Credibility Theory 3

STAT 4330 - Time Series I

3
STAT 4410 - Stochastic Processes 3
STAT 4280 - Generalized Linear Models 3
MCS 3920 - Numerical Analysis 3
AMS 2030 - Intermediate Microeconomics I 3
AMS 2040 - Intermediate Macroeconomics I听听 3
ACCT 1010 - Introduction to Accounting 3
BUS 2310 - Corporate Finance听 3
MCS 3050 - Tutoring in Mathematical and Computational Sciences听 1
MCS 4210 - Professional Communication and Practice听 3
Additional general electives 9
Total Semester Hours of Credit 听 听 听 120
Co-operative Education
Combining classroom studies with practical work experience

A student works on an iPad

The 精童欲女 Co-op Program is an integrated approach to university education which enables students to alternate academic terms on campus with work terms in suitable employment. The success of such programs is founded on the principle that students are able to apply theoretical knowledge from course studies in the workplace and return to the classroom with practical workplace experience. Students who successfully complete all the requirements of the program will have the notation entered on their transcripts and on the graduation parchment.听

Students accepted into the program complete at least three paid work terms of normally 14 weeks duration, and three professional development courses. Credits earned through completion of work terms are counted as general electives.

The Co-op option is available to full-time students in any MCS Major or Honours program. Applications to the Co-op Education Program are normally made after completion of the first year of study. MCS students must complete 126 semester hours of credit in order to graduate with the Co-op designation.

Visit the Co-operative Education Program website for more information.

Admissions Criteria
What's required for Science admission?

High School Graduates

  • Grade 12 Academic English
  • Grade 12 Academic Mathematics
  • Two Grade 12 Academic Science subjects (acceptable subjects: Chemistry, Biology, Physics, Computer Science, Oceanography, Animal Science, Environmental Science)
  • One additional Grade 12 Academic course

Please note: Successful completion of Grade 12 Chemistry (or equivalent) is required as a prerequisite for permission to register in CHEM-1110.

Please for complete admissions information.

Fees and Funding
Faculty of Science Programs Tuition

精童欲女's undergraduate tuition is the听second-lowest听in the Atlantic region, and we offer millions of dollars in scholarships and awards.听

Tuition

$6,828 per year,听based on 30 credit hours ($682.80 per 3 credit course).
International students pay $8,010 per year听in addition to full-time student tuition.

For a complete breakdown of part-time or full-time study as a student in the Faculty of Science, visit our .

Scholarships and Awards

精童欲女 supports you and your educational goals.听We administer millions of dollars in scholarships and awards to our undergraduate and graduate students every year.听Depending on your faculty or program, and year of study, you may be eligible for听available awards.

Search the complete list of scholarships for information and application forms.听

Celebrating Student Achievement

Including Guaranteed Entrance Scholarships and Academic Excellence Awards, these awards recognize the academic achievements of all students who meet the eligibility criteria while studying towards their first undergraduate degree.

for complete information.

Faculty Members
Your mentors. Our professors.

精童欲女 has about 250 faculty鈥攅xceptional scholars, teachers, and mentors, with more being hired each year as we open new, progressive, and unique programs. But the story isn鈥檛 just in the numbers. It鈥檚 in the quality of our people. Award-winning faculty from around the globe have made 精童欲女 home. Here, you鈥檒l learn directly from these world-class professors and researchers in small classes where you鈥檒l have easy access to them.