Actuarial Mathematics/Finance (BA/BSc)
Bachelor of Arts (BA) / Bachelor of Science (BSc)
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.
Program Details
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.
Concentration:
- Specialization in Actuarial Mathematics/Finance (90 credits)
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
- Canadian curricula course requirements
- Accepted international qualifications
- One math from Pre-Calculus, Calculus, or equivalent
- Two sciences (from Biology, Chemistry or Physics)
- ACT or SAT is not required
- AP exams are not required but may qualify you for advanced standing
- 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
- Première: Spécialité mathématiques and Spécialité physique-chimie
- Terminale: Spécialité mathématiques (also accepted, Spécialité Physique-Chimie and Mathématiques Complémentaires)
- Additional information for Baccalauréat français applicants
- 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
Minimum cut-off averages and course requirements
- Quebec Cegep: 30 overall, 30 math
- Linear Algebra; Calculus 1 & 2
- Additional information for Cegep applicants
- High School: A overall, A math
- Canadian curricula course requirements
- Accepted international qualifications
- One math from Pre-Calculus, Calculus, or equivalent
- ACT or SAT is not required
- AP exams are not required but may you qualify for advanced standing
- 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
- Première: Spécialité mathématiques
- Additional information for Baccalauréat français applicants
- 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've sent your application from: | Fall term deadline | Winter term deadline |
| Inside Canada | March 1 Certain programs have extended their deadlines. Please check program availability. |
N/A Admission to this program is only available for the Fall Term. |
| Outside Canada (International) |
February 1 | N/A |
We reserve the right to close admission to a program at any time after the official deadline without prior notice.
- Mathematics of Finance
- Actuarial Mathematics I and II
- Risk Theory
- Credibility Theory
- Loss Distributions
Consult the undergraduate calendar for a complete list of current courses.
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
Department Contact
