Asper School of Business - Actuarial Mathematics
Asper School of Business

Program description

Actuarial mathematics involves the application of mathematical disciplines, particularly probability, statistics, and risk theory, to real-life financial problems involving future uncertainty. This analytical approach helps people and organizations quantify and reduce financial risk in areas as diverse as life, health, disability, marine, property and casualty insurance; annuities; and pension and employee benefits plans.


Program options

Degree options

B.Comm (Hons.) Bachelor of Commerce Honours (Major in Actuarial Mathematics) – 4 years
B.Sc. (Hons.) Bachelor of Science in Actuarial Mathematics (Honours) – 4 years
B.Sc. (Hons.) Bachelor of Science (Joint Major in Statistics - Actuarial Mathematics) Honours – 4 years

Interesting courses and unique opportunities

Interesting courses

  • Actuarial Aspects of Investment Practice
  • Economic & Financial Applications
  • Life Insurance Products and Employee Benefit Plans
  • Introduction to Risk Management
  • Financial Derivatives for Actuarial Practice
  • Actuarial Modeling Methods
  • Managing Insurance Operations in the International Business Environment

Co-op options
Asper Co-operative Education option

Exchange opportunities
Asper International Student Exchange Program


Professional opportunities

  • Casualty insurers
  • Pension and employee benefits consultant
  • Educator
  • Researcher

The program prepares students for careers as professional actuaries or post-graduate studies leading to careers as professional actuaries or actuarial researchers.


Admission requirements

Visit the Asper School of Business Direct Entry (high school applicants) or Advanced Entry (post-secondary applicants) application for admission page to learn more about admission requirements, application dates and how to apply.


What is unique about this program at the U of M?

The establishment of the Warren Centre for Actuarial Studies and Research as a part of the Asper School of Business makes it possible to continue and enhance the tradition of excellence which has distinguished the university’s actuarial program, while providing students with the educational breadth obtainable through access to business and management-oriented courses. The Warren Centre is the only Canadian actuarial program able to provide students with this powerful career advantage.

Established in 1912, the University of Manitoba’s Actuarial Program is one of the oldest and most successful in North America. Hundreds of actuaries have graduated from the program over the years; among them, CEO’s and presidents of major insurance companies and consulting firms, as well as world-class researchers and scholars.

The Society of Actuaries recognized the Warren Centre as a Center of Actuarial Excellence in 2009.


Important links

Asper School of Business 
Warren Centre for Actuarial Studies and Research 
Asper MBA