Actuarial Science University of Prince Edward Island

Overview

The Actuarial Science programme at the University of Prince Edward Island provides students with a sophisticated foundation in the mathematical and statistical methods used to manage financial risk. This degree is specifically designed to equip learners with the analytical tools required to excel in the insurance and pension industries.

As the only complete degree of its kind in Atlantic Canada, the curriculum integrates diverse disciplines including finance, economics, and computer science. Students benefit from a structured academic path that aligns with the initial professional examinations required by major actuarial societies.

The University of Prince Edward Island offers a supportive learning environment within the School of Mathematical and Computational Sciences.

Tuition Fee Breakdown

• International fee: CAD 16670 per year
• National fee: CAD 7630 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Why Actuarial Science at the University of Prince Edward Island?

The institution is ranked as a top undergraduate university in Canada for sponsored research funding, ensuring a high-quality academic environment. Students have access to dedicated tutoring services within the School of Mathematical and Computational Sciences to support their technical development.

A significant feature of this programme is the Co-operative Education option, which allows students to alternate academic terms with paid work placements. These fourteen-week terms provide invaluable professional experience and the opportunity to apply classroom theory to real-world financial challenges.

Syllabus

The curriculum begins with a common core of mathematical and computational subjects before moving into specialised actuarial topics. Modules may include:

Common Core

• Single Variable Calculus I
• Single Variable Calculus II
• Linear Algebra I
• Statistics
• Computer Science I
• Indigenous Teachings of Turtle Island

Major Requirements

• Computer Science II
• Multivariable and Vector Calculus
• Probability and Mathematical Statistics I
• Probability and Mathematical Statistics II
• Applied Regression Analysis
• Differential Equations
• R Technology Lab
• Financial Mathematics I
• Long Term Actuarial Mathematics I
• Financial Derivatives
• Long Term Actuarial Mathematics II
• Advanced Corporate Finance
• Statistics for Risk Modelling
• Short-term Insurance Pricing and Reserving
• Credibility Theory
• Time Series I
• Generalized Linear Models
• Intermediate Microeconomics I
• Intermediate Macroeconomics I
• Accounting
• Corporate Finance
• Tutoring in Mathematical and Computational Sciences
• Professional Communication and Practice

Careers with Actuarial Science

Graduates are prepared for immediate entry into the workforce, where actuaries often experience exceptionally high employment rates. Common career paths include roles in life and health insurance, property and casualty insurance, and pension plan management.

The skills acquired during the programme are also highly transferable to broader financial sectors, such as investment banking, risk management, and government financial planning. Many alumni secure positions with competitive salaries in both domestic and international markets.