Actuarial Science

Actuarial Science is the study of mathematics associated with financial risk, particularly in insurance, pension and investment plans. Probability deals with the mathematics of uncertainty and statistics deals with modeling of the random processes based on observed data.


Admission Information

  • Apply to the Physical & Mathematical Science admission category on the St. George campus
  • Six Grade 12 U or M courses, including English and Calculus and Vectors are required
  • Students outside of Ontario should have the equivalent senior high school credits


Honours Bachelor of Science Program

  • Actuarial Science (specialist and major options)


First-Year Courses

  • The Department of Statistics does not offer first year courses


Advice for First Year

Students who are interested in enrolling in an Actuarial Science program must take MAT 137Y1 – Calculus! and ECO 100Y1 – Introduction to Economics in first year.

Students are also encouraged to take MAT 223H1 – Linear Algebra I, a second-year course open to first-year students.



Direct career options include:
Insurance or financial industry Government departments such as
Statistics Canada and Health Canada
Professional actuary

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