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Actuarial Science, B.Sc.

  • Application Deadline
  • 48 months
    Duration
University rank #251 (WUR) Burnaby, Canada
The Actuarial Science program offered by Simon Fraser University in the Faculty of Science includes a range of business, economics, mathematics and statistics courses.
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Overview

The future is uncertain and can involve financial risk. Actuaries study, quantify, and manage this risk. You'll study mathematics, statistics, economics and finance to become well prepared for the professional exams. After graduation you'll find employment in areas such as life insurance, financial markets or currency exchange.

The Department of Statistics and Actuarial Science at Simon Fraser University offers a bachelor of science (BSc) program in actuarial science within the Faculty of Science.

If you want a profession that analyses risk so that businesses can make their decisions within acceptable limits, then you can become an actuary. Combine your interests in business, economics and mathematics.

Career possibilities

The world is changing rapidly and you have no way of knowing the full range of career opportunities available to you in the future. Graduates of this program may end up in a range of occupations, including these:

  • Actuarial Analyst
  • Actuarial Technician 
  • Actuary
  • Casualty Insurer 
  • Health Insurer 
  • Insurance Underwriter
  • Life Insurer
  • Operating Specialist 
  • Property Insurer

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 48 months
  • Credits
    120 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Courses include:
  • Statistics
  • Financial Mathematics
  • Economics
  • Microeconomics
  • Calculus

English Language Requirements

  • Minimum required score:

    88

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120.

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

Academic Requirements

You need the following GPA score:

Required score: 2.25

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 2.25 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

  • You must meet the general requirements, including English and quantitative skills, and the program-specific requirements
  • If you're an international student, you'll find program requirements organized by country
  • APPLICATION FEE: 
  • $79.50 payable by credit card online (non-refundable)
  • NON-REFUNDABLE ADMISSION DEPOSIT UPON ACCEPTANCE:
  • $250 Canadian students 
  • $750 for International students
  • Admission to SFU is competitive. In the past, the average for admission has ranged from 80% to 90%, depending on the program.  All students must write the English 12 provincial exam and meet BC high school graduation requirements
  • Official documents/transcripts

Tuition Fee

  • International

    979 CAD/credit
    Tuition Fee
    Based on the original amount of 979 CAD per credit and a duration of 48 months.
  • National

    195 CAD/credit
    Tuition Fee
    Based on the original amount of 195 CAD per credit and a duration of 48 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Burnaby

  • 1600 - 2700 CAD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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