Actuarial Mathematics/Finance

In a collaborative effort, the Department of Mathematics and Statistics of the Faculty of Arts and Science and the Finance Department of the John Molson School of Business (JMSB) offer a BA and a BSc Specialization in Actuarial Mathematics/Finance. The program is intended to benefit students in high standing who would have been accepted into the Specialization in Actuarial Mathematics. It provides a niche for graduates since there is currently a shortage of specialists in the combined field.

Specialization in Actuarial Mathematics/Finance — 84 credits

This program combines a solid education in Actuarial Mathematics with an extensive introduction to Finance, equivalent to a Minor. It is designed for students who wish to pursue a career as actuaries, but at the same time want to specialize on the financial issues of actuarial practice. The program requirements combine all the compulsory courses of the BA/BSc program in Actuarial Mathematics (60 credits) with another 30 credits of required Accounting, Economics and Finance courses. Admission is limited to at most fifteen students with excellent academic records. This program can be completed as a BA or BSc degree.

See additional admission requirements for BA and BSc – In addition to the general admission requirements, these program have extra program-specific requirements.

See the BA degree or BSc degree descriptions for information on the core and elective requirements. For a complete list of courses: Undergraduate Calendar

Sample courses include:

Mathematics of Finance, Actuarial Mathematics I & II, Risk Theory, Credibility Theory, Loss Distributions

Actuarial Math. and Actuarial Math./Finance Co-op Program

Students become familiar with computer programs that are used by actuaries to analyse socioeconomic data, make defined benefit plan calculations and create actuarial tables. They develop expertise in writing professional reports and become familiar with document preparation methodology. Employers such as insurance companies and consulting firms often classify these positions as actuarial assistants or actuarial analysts. Students work in a structured business environment that promotes teamwork and accountability, and enhances communication skills.

Admission Requirements

Actuarial Mathematics/Finance (BA - Honours/Specialization) requirements: Minimum cut-off averages, admission statistics and program requirements.

Actuarial Mathematics/Finance (BSC - Honours/Specialization) requirements: Minimum cut-off averages, admission statistics and program requirements.

Undergraduate admissions guidelines: For information on international admission, required documents, proof of language proficiency, the university admissions timetable, selection and notification process.