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Concordia University

Actuarial Mathematics/Finance (BA, BSc)

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Degrees
Bachelor of Arts (BA), Bachelor of Science (BSc)
Department
Mathematics & Statistics
Faculty
Faculty of Arts & Science

Program overview Program structure Admission criteria After your degree

Program type
Specialization
Primary campus
Sir George Williams (SGW)
Duration
3 to 4 years
Start term
Fall
Experiential learning
Co-op

Program overview Program structure Admission criteria After your degree

Why study Actuarial Mathematics and Finance?

Model the future, solve problems involving risk, and make financial decisions that will affect the futures of corporations, communities and investors. This combined program offers you a direct path to an actuarial career with a financial sector specialization. In the program, you do all the Actuarial Mathematics coursework: studying statistics, probability, and learning mathematical models to solve problems involving uncertainty. Then, you combine accounting, economics and finance courses at the John Molson School of Business, learning to analyze the effects of time, money and risk on building wealth.

Plus, you can complete the Co-op program, working with actuaries who oversee the design, financing, and operation of insurance, pension and other benefit plans. At the end of your degree, you will enter a career field that has a great demand for specialists in actuarial finance. Our programs are provisionally accredited by the Canadian Institute of Actuaries (CIA). Grads gain exemptions to four of the preliminary professional exams of the Society of Actuaries and the Casualty Actuarial Society. Concordia University is designated as a Centre of Actuarial Excellence by the Society of Actuaries.

Special funding for out-of-province students

Up to $4000 for undergraduate programs.

Undergraduate applicants

Program structure

A Bachelor of Arts or Science degree takes a minimum of three or four years (90 – 120 credits) of full-time study, depending on your academic background.

Program option

  • Specialization in Actuarial Mathematics/Finance (90 credits)
See the full degree requirements in the Undergraduate Calendar

Courses

See the complete list of courses in the Undergraduate Calendar

Co-op program

The Actuarial Mathematics Co-op program gives you the chance to do paid work terms for insurance companies or consulting firms as actuarial assistants or actuarial analysts. Co-op program students:

  • Learn computer programs used by actuaries to analyze data
  • Make defined benefit plan calculations and produce pension statements
  • Develop expertise writing professional reports
  • Become familiar with document preparation methodology
Learn more about our Co-op programs

United States students: A U.S. Federal Student Aid-eligible version of this program is offered. This version meets all U.S. regulations (such as no co-operative education or e-courses) for eligible programs.

Get the full details about U.S. loan eligibility and requirements

Admission criteria

Minimum cut-off averages and course requirements

  • Quebec CEGEP: 30 overall, 30 math and science
    • Natural Science DEC or
    • DEC intégré en sciences, lettres et arts or
    • Linear Algebra; Calculus 1 & 2; Mechanics, Electricity and Magnetism; Waves, Optics and Modern Physics; General Chemistry; Chemistry of Solutions and General Biology
    • Additional information for CEGEP applicants
  • High School: A overall, A math and science
  • International Baccalaureate (IB) diploma: 35 overall, 5 HL or 6 SL math, 6 science
    • One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
    • One science SL or HL (Physics, Chemistry or Biology)
    • Must have at least one HL math or science
  • Baccalauréat français: 16 overall, 16 math and science
  • British system of education (GCE):
    • A-levels: At least two A-level exams AA, A in math, A in science or
    • AS-levels: At least 4 AS-level exams with equivalent results or
    • BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
    • Students without math or science A-levels may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application.
    • Additional information for British System of Education (GCE) applicants
  • University Transfers (internal/external): A- overall, A- math and science
    • Courses in the disciplines of Calculus, Linear Algebra, Biology, Chemistry and Physics
You must meet Concordia's minimum admission requirements

Additional requirements for admission

  • Letter of intent outlining the purpose and reason for selecting this program/discipline.
    Applicants are required to submit a letter of intent uploaded with the online application. The letter of intent should be approximately 200 words long; it should outline your background and goals, and explain why this program will help meet those goals.

Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.

Minimum cut-off averages and course requirements

  • Quebec Cegep: 30 overall, 30 math
  • High School: A overall, A math
  • International Baccalaureate (IB) diploma: 35 overall, 5 HL or 6 SL math
    • One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
  • Baccalauréat français: 16 overall, 16 math
  • British system of education (GCE):
    • A-levels: At least two A-level exams AA, A in math or
    • AS-levels: At least 4 AS-level exams with equivalent results or
    • BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
    • Students without a math A-level may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application.
    • Additional information for British System of Education (GCE) applicants
  • University Transfers (internal/external): A- overall, A- math
    • Courses in the disciplines of Calculus and Linear Algebra
You must meet Concordia's minimum admission requirements

Additional requirements for admission

  • Letter of intent outlining the purpose and reason for selecting this program/discipline.
    Applicants are required to submit a letter of intent uploaded with the online application. The letter of intent should be approximately 200 words long; it should outline your background and goals, and explain why this program will help meet those goals.

Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.

Application deadlines

It’s not too late to apply

Some undergraduate programs are still accepting applications for fall 2024.

Check program availability
Fall term

FALL TERM

March 1 is the deadline to apply for fall term entry. International students are encouraged to apply by February 1 to allow sufficient time for CAQ and study permit application processing.

Winter term

WINTER

Admission to this program is available for the Fall Term only.

We reserve the right to close admission to a program at any time after the official deadline without prior notice.

After your degree

Actuarial Mathematics alumni work in many fields requiring mathematics expertise, including:

  • Mathematical modelling
  • Investment banking
  • Finance and insurance
  • Pension management
Learn more about career options in Mathematics & Statistics

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