actuarial math

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Actuarial Mathematics (BSc)

Actuarial Mathematics is an interdisciplinary program leading to a Bachelor of Science (Honours) degree. The program covers mathematical, statistical, financial and economic concepts required to develop skills in the modelling and management of financial risk and unpredictable events.

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    Faculty

    • Faculty of Science

  • icon award

    Degree

    • Bachelor of Science (Honours)

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    Expected duration

    • 4 years (taking a full course load)

  • icon pathway

    Program options

    • Actuarial Mathematics (Honours)
    • Statistics- Actuarial (Joint Honours)

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High-paying, high-demand careers

Actuarial work is particularly relevant in life insurance and financial services like funds management and banking. It includes the study of models used in insurance and superannuation to quantify and manage risks such as survival, sickness, retirement, accident, fire, flood and fluctuations in asset values.

Actuarial studies is a broadly-based commerce discipline involving the study of mathematics, statistics, accounting, economics and finance and their application to long-term financial management.

The program is offered in collaboration with the Warren Centre for Actuarial Studies and the Asper School of Business and places a great emphasis on mathematical and statistical courses.

Join the University of Manitoba Actuarial Club (UMAC)

The University of Manitoba Actuarial Club (UMAC) is focused on developing a network for actuarial students, creating awareness of developments in the field and connecting students with potential employers.

UMAC organizes many social activities, allowing members to get to know one another and have some fun while taking a break from their studies.

Open the door with career opportunities

The program prepares students for careers as professional actuaries in the following industries, to name a few:

  • Insurance
  • Funds management
  • Actuarial consulting firms
  • Banks

It can also be a steppingstone to graduate studies, leading to even more opportunities in the fields of law, medicinal studies or architecture.

High-paying, high-demand careers

Actuarial work is particularly relevant in life insurance and financial services like funds management and banking. It includes the study of models used in insurance and superannuation to quantify and manage risks such as survival, sickness, retirement, accident, fire, flood and fluctuations in asset values.

Actuarial studies is a broadly-based commerce discipline involving the study of mathematics, statistics, accounting, economics and finance and their application to long-term financial management.

The program is offered in collaboration with the Warren Centre for Actuarial Studies and the Asper School of Business and places a great emphasis on mathematical and statistical courses.

Statistical graph with red and green lines.
Business statistics stock image.
Students working together and having a group collaboration.
A student working at a desk opens up a book and flips through the pages.
Statistical graph with red and green lines.
Business statistics stock image.

Program details

The Faculty of Science, in collaboration with the Warren Centre for Actuarial Studies and Research at the Asper School of Business, offers programs of study leading to a Bachelor of Science (Honours) or Bachelor of Science Joint (Honours) degree.

Sample course offerings

  • ACT 3130: Actuarial Models 1
  • ACT 3230: Actuarial Models 2
  • ACT 3340: Financial Derivatives for Actuarial Practice
  • ACT 4010: Regression Modelling in Actuarial Science
  • ACT 4060: Actuarial Aspects of Investment Practice
  • MATH 2720: Multivariable Calculus
  • STAT 1150: Introduction to Statistics and Computing
  • STAT 2150: Statistics and Computing

For a full list of courses and descriptions of each, please visit the Academic Calendar.

Admission requirements

To declare the BSc Honours in Actuarial Mathematics you first must be accepted to the Faculty of Science. The following are the minimum requirements for entry into the Faculty of Science.

Direct entry means you are applying to the program directly out of high school or have completed fewer than 24 credit hours at a recognized university or college. 

Missing some requirements? Students who do not meet the direct entry admission requirements may apply to University 1 to prepare for entry into the Faculty of Science. You may be able to declare your specific Major when you transit or you can transit to the General degree. University 1 students who qualify may transit to the Faculty of Science using Aurora Student. See the Academic Calendar for entry requirements specific to this program.

Advanced entry Applicants are those who have completed one year (24 credit hours) or more of studies in another faculty at the University of Manitoba or another recognized post-secondary institution.

Note: When you apply to the Faculty of Science as a Direct or Advanced entry student, you do not select your Major areas of study (e.g., Biochemistry, Computer Science, Statistics, etc.). Each Major or Honours program has specific entry requirements and may be declared once you have completed a minimum of 24 credit hours of coursework, generally at the end of your first or second year of studies. For full details, please visit the Academic calendar.

How to apply

Domestic student application fee: $100
International student application fee: $130

Applications to the University of Manitoba are completed online. To begin your application, select the "Start or continue your application" button.

The online application includes several parts, and you may be required to submit transcripts, proof of English Language proficiency, and other documents.

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Direct entry students are current high school students or people who have already graduated from high school but who have completed fewer than 24 credit hours of post-secondary level study.

Advanced entry students are those who have already completed 24 or more credit hours of post-secondary level study.

Annual direct entry application deadlines
Term Applications open Application deadline
Fall (September) Early October March 1
Winter (January) Early May October 1
Summer (May) Early September February 1

Annual advanced entry application deadlines
Term Applications open Application deadline
Fall (September)

Domestic: Early November

International: Early November

Domestic: June 1

International: March 1
Winter (January)

Domestic: Early May

International: Early March

Domestic: October 1

International: July 1
Summer (May)*

Domestic: Early November

International: Early July

Domestic: February 1

International: November 1

*Summer 2024 application deadline for domestic and international applicants: February 1, 2024

 

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Admission and application inquiries

Mailing address
Undergraduate Admissions
424 UMSU University Centre
University of Manitoba
65 Chancellors Circle
Winnipeg, MB R3T 2N2 Canada

Office location
Room 424 UMSU University Centre
65 Chancellors Circle
University of Manitoba (Fort Garry campus)

Submit a question
Phone: 204-474-8808
Toll-free: 1-800-224-7713 ext 8808

Program inquiries

Faculty of Science Advising Office
55 Chancellors Circle (formerly Fitzgerald), room 404
University of Manitoba (Fort Garry campus)
Winnipeg, MB R3T 2N2

Office hours
Monday - Friday
8:30 a.m. - 4:30 p.m.

Phone: 204-474-8256
Website: Undergraduate science academic advising