Actuarial Science Major (Science Program) - ASMAJ0608

This program is designed to prepare a student for professional work as an actuary, and more generally in the financial risk management industry. Career options include insurance industry (life and annuities, health, property and casualty, reinsurance, consulting, etc.), pension plans, actuarial software development, quantitative finance and investment, public and social insurance, and non-traditional actuarial fields such as climate risk management and microinsurance.

This is a limited enrolment program. Students must have completed 4.0 credits and meet the requirements listed below to enrol.

Completed courses (with minimum grades)
The following courses with the stated minimum grades are required:

• ( MAT135H1 and MAT136H1)/ MAT137Y1/​ MAT157Y1

(8.5 credits)

First Year:
1. ( MAT135H1 and MAT136H1)/ MAT137Y1/​ MAT157Y1
2. MAT223H1/​ MAT240H1 (should be taken in first year, enforced as a prerequisite for MAT237Y1)
3. STA130H1

Note: STA130H1 is restricted to first-year students.

To be completed before the end of Second Year:
4. CSC108H1/​ CSC120H1/​ CSC148H1. A student who has completed CSC110Y1 also fulfills this program requirement.

Higher Years:
5. ACT240H1, ACT245H1, ACT247H1, ACT348H1, ACT370H1
6. MAT235Y1/​ MAT237Y1/​ MAT257Y1
7. ( STA257H1, STA261H1)/ ( STA237H1, STA238H1); while either pair of courses is accepted, we strongly recommend ( STA257H1, STA261H1)
8. ACT351H1, ACT352H1

9. 0.5 credit from ACT455H1/​ ACT466H1/​ STA302H1/​ ACT350H1

STA314H1 is strongly recommended.

NOTES:

  • Students are highly encouraged to take ECO101H1 and ECO102H1 to obtain SOA VEE (Validation by Educational Experience) credit for Economics, and MGT201H1 and ACT349H1 to obtain VEE credit for Accounting and Finance.
  • ACT390H1 is a required course in the actuarial science specialist program. The course is not required in the actuarial major program but a number of spots are available for actuarial major students. International students in the actuarial major program are not eligible for work permits for internships.
  • Students interested in actuarial practices should consider taking ACT371H1, ACT372H1, ACT470H1, ACT473H1, ACT475H1.
  • The University of Toronto requires that any student who is using a combination of programs to graduate (e.g. two majors, a major and two minors) must complete a total of at least 12.0 distinct credits that are used to satisfy program requirements. It is possible that a student with a combination of actuarial science major and statistics major may not comply with this 12.0 credit rule (depending on how students select their courses within the statistics major) and may need to take additional courses to satisfy this rule. If you have concerns or questions regarding this rule, please consult with the department
  • Students who have an interest in pursuing studies in mathematical finance should consider taking MAT244H1, MAT336H1/​ MAT337H1 and APM346H1.
Actuarial Science