Actuarial Science Specialist

(Science Program)
Enrolment Requirements: 

This is a limited enrolment program. All students who request the program and obtain at least the specified mark(s) in the required course(s) will be eligible to enrol. Courses required in either the major or specialist programs in actuarial science may not be taken as CR/NCR.

In order to enrol into the Actuarial Science Specialist program, the following courses must be completed: MAT137Y1 with a final mark of at least 65%%, and ECO101H1 + ECO102H1 both with a final mark of at least 70%%, and ACT240H1 and ACT245H1 and ACT247H1 with a final mark of at least 70% in each course. Students will usually enrol into the Actuarial Science Major program after completion of MAT137Y1 and ECO101H1 + ECO102H1, and then they will enrol into the Specialist program after the completion of ACT240H1, ACT245H2 and ACT247H1. Once these requirements are met by a student, the student will be eligible to enroll in the Actuarial Science Specialist Program. Note that the Mathematics Department enforces MAT223H/MAT240H as a prerequisite for MAT237Y.

Completion Requirements: 

(12.5 courses)

This program is designed to prepare a student for professional work as an actuary, and more generally in the financial risk management industry.

First Year:
1. ECO101H1 (70%), ECO102H1 (70%)
2. MAT137Y1 (65%)/MAT157Y1
3. MAT223H1/​MAT240H1 (should be taken in first year, enforced as a prereq for MAT237Y)
4. CSC108H1/​CSC120H1/​CSC121H1/​CSC148H1

STA130H1 is strongly recommended.

Second Year:
1. ACT240H1 (70%), ACT245H1 (70%), ACT247H1 (70%)
2. MAT237Y1/​MAT257Y1
3. STA257H1, STA261H1
4. MGT201H1

Higher Years:
ACT348H1, ACT349H1, ACT370H1, ACT451H1, ACT452H1, ACT455H1, ACT460H1, ACT466H1, STA302H1, STA347H1, STA457H1

In order to enroll in ANY 300- or 400-level ACT course, the minimum grade of C must be obtained in each of ACT240H1, ACT245H1 and ACT247H1. The enrolment requirements and the prerequisites for all ACT courses will be strictly enforced.
Students who have an interest in pursuing studies in mathematical finance should consider taking MAT244H1, MAT336H1/​MAT337H1 and APM346H1. Students in the Actuarial Science Specialist Program who have successfully completed ACT348H1 and ACT349H1 may request to enroll inthe following RSM courses (provided the appropriate prerequisites and corequisites are met): RSM430H1, 433H1, 437H1. MAT246H1 is recommended (not required) for students in the Actuarial Science Specialist Program.