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Actuarial studies is a broadly-based commerce discipline involving the study of mathematics, statistics, accounting, economics and finance and their application to long-term financial management.
The program is offered in collaboration with the Warren Centre for Actuarial Studies and the Asper School of Business and places a great emphasis on mathematical and statistical courses.
Join the University of Manitoba Actuarial Club (UMAC)
The University of Manitoba Actuarial Club (UMAC) is focused on developing a network for actuarial students, creating awareness of developments in the field and connecting students with potential employers.
UMAC organizes many social activities, allowing members to get to know one another and have some fun while taking a break from their studies.
Open the door with career opportunities
The program prepares students for careers as professional actuaries in the following industries, to name a few:
- Funds management
- Actuarial consulting firms
It can also be a steppingstone to graduate studies, leading to even more opportunities in the fields of law, medicinal studies or architecture.
High-paying, high-demand careers
Actuarial work is particularly relevant in life insurance and financial services like 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.
The Faculty of Science, in collaboration with the Warren Centre for Actuarial Studies and Research at the Asper School of Business, offers programs of study leading to a Bachelor of Science (Honours) or Bachelor of Science Joint (Honours) degree.
Bachelor of Science (Honours)
Expected duration: 4 years, approximately (120 credit hours) of study with a minimum degree GPA of 3.00. To enter an Honours program, you need to complete a minimum of 24 credit hours with specific course and grade requirements.
Honours programs are the most advanced, in-depth undergraduate studies offered by the Faculty of Science. The programs allow you to make the smoothest transition to graduate studies. An Honours program is regarded as professional training. Students are generally involved in research opportunities and complete a project or research course as part of the curriculum.
To earn a Bachelor of Science Honours degree a student must successfully complete 120 credit hours or more of study with minimum grades on all courses as specified in the Academic Calendar and a minimum degree GPA of 3.00. You must complete this degree on a full-time basis.
Once you are eligible and fulfill the entrance requirements for the program, please complete the appropriate form on the Academic Advising page.
Bachelor of Science (Joint Honours)
The Faculty of Science offers Joint Honours programs with other designated departments for students with a desire to delve deeper into multiple disciplines.
See the Program list tab in the Academic Calendar for full details.
Joint Honours programs are available in:
- Statistics-Actuarial (Joint Honours)
Sample course offerings
- ACT 3130: Actuarial Models 1
- ACT 3230: Actuarial Models 2
- ACT 3340: Financial Derivatives for Actuarial Practice
- ACT 4010: Regression Modelling in Actuarial Science
- ACT 4060: Actuarial Aspects of Investment Practice
- MATH 2720: Multivariable Calculus
- STAT 1150: Introduction to Statistics and Computing
- STAT 2150: Statistics and Computing
For a full list of courses and descriptions of each, please visit the Academic Calendar.
To declare the BSc Honours in Actuarial Mathematics you first must be accepted to the Faculty of Science. The following are the minimum requirements for entry into the Faculty of Science.
Direct entry means you are applying to the program directly out of high school or have completed fewer than 24 credit hours at a recognized university or college.
Missing some requirements? Students who do not meet the direct entry admission requirements may apply to University 1 to prepare for entry into the Faculty of Science. You may be able to declare your specific Major when you transit or you can transit to the General degree. University 1 students who qualify may transit to the Faculty of Science using Aurora Student. See the Academic Calendar for entry requirements specific to this program.
Advanced entry Applicants are those who have completed one year (24 credit hours) or more of studies in another faculty at the University of Manitoba or another recognized post-secondary institution.
Note: When you apply to the Faculty of Science as a Direct or Advanced entry student, you do not select your Major areas of study (e.g., Biochemistry, Computer Science, Statistics, etc.). Each Major or Honours program has specific entry requirements and may be declared once you have completed a minimum of 24 credit hours of coursework, generally at the end of your first or second year of studies. For full details, please visit the Academic calendar.
How to apply
Domestic student application fee: $100
International student application fee: $120
Applications to the University of Manitoba are completed online. To begin your application, select the "Start or continue your application" button.
The online application includes several parts, and you may be required to submit transcripts, proof of English Language proficiency, and other documents.
Not sure what to do?
Admission and application inquiries
424 UMSU University Centre
University of Manitoba
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Winnipeg, MB R3T 2N2 Canada
Room 424 UMSU University Centre
65 Chancellors Circle
University of Manitoba (Fort Garry campus)