Actuarial
Mathematics

Top Reasons to study Actuarial Mathematics
at the University of Manitoba

1) You want to use your mathematical and statistical talents to solve problems involving risk and uncertainty

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

2) You want a high-paying career that is in high demand

Actuarial work is particularly relevant in life insurance and superannuation, and financial services such as 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.

Minimum High School Prerequisites

Manitoba high school graduation with five full credits at the Grade 12 level in courses designated as S, G or U. A minimum 85 percent average over the following courses, with no less than 60 percent in each course:

• English 40S,
Pre-Calculus Math 40S (required)
• One of Biology 40S, Chemistry 40S, Computer Science 40S, or Physics 40S.

PREP COURSES

If you don’t have the appropriate high school courses, or you would like to refresh your knowledge in a subject area, the University offers the following preparatory courses.

Biology BIOL 1000, Biology: Foundations of Life
Chemistry CSKL 100,  Chemistry Skills, Offered through Extended Education
Mathematics, Math Skills, Offered through Extended Education
Physics, PSKL 100, Physics Skills, Offered through Extended Education

What will I learn?

Bachelor of Science

Program Options
This is an interdisciplinary program leading to a Bachelor of Science (Honours) degree in Actuarial Mathematics offered in collaboration with the Warren Centre for Actuarial Studies and Research of the I.H. Asper School of Business.

The program covers mathematical, statistical, financial and economic concepts required to develop skills in the modelling and management of financial risk and contingent events. In the Facultyof  Science the program has a greater emphasis on the mathematical and statistical courses than does the Actuarial Mathematics program offered by the I.H. Asper School of Business.

  • 4-year Honours
  • 4-year Joint Honours (Statistics – Actuarial Mathematics)
Sample Courses
  • STAT 1150 Introduction to Statistics and Computing
  • ECON 1010 Introduction to Microeconomic Principles
  • MATH 1210 Linear Algebra 1
  • MATH 2720 Multivariable Calculus
  • STAT 3050 Introduction to Probability Theory and Its Applications
  • STAT 3490 Time Series Analysis
  • ACT 4060 Actuarial Aspects of Investment Practice

Leadership Opportunities

What can I do with this degree?

Career Opportunities include:

Your science degree opens doors to many careers in science, or you can go on to further study in a science related field, graduate program, or professional degree program, such as education, dentistry, medicine, optometry, pharmacy, rehabilitation sciences, or veterinary medicine.

Actuarial mathematics graduates can be found working in:

  • Life insurance companies
  • Superannuation funds
  • Actuarial consulting firms
  • General insurance
  • Health insurance
  • Banks and fund managers
Opportunities for Future Studies include:

The University of Manitoba offers graduate programs in Mathematics for Master of Science and Doctor of Philosophy degrees.