Actuarial Science University of Toronto

Overview

The Actuarial Science programme at the University of Toronto offers a comprehensive foundation in the mathematical and financial techniques used to manage risk. Students learn to model and forecast the costs of benefits for insurance and pension plans while exploring sophisticated investment vehicles. This curriculum ensures graduates are prepared for the complex demands of the global financial industry.

Why Actuarial Science at the University of Toronto?

The University of Toronto is recognised as a Society of Actuaries Centre for Actuarial Excellence (CAE), reflecting its high standards in teaching and research. The programme is fully accredited by the Canadian Institute of Actuaries, allowing students to satisfy most professional requirements at the Associate level (ACIA) through their university coursework. Students benefit from a curriculum that balances theoretical probability with practical applications in climate risk and microinsurance.

Tuition Fee Breakdown

• International fee: CAD 63570 per year
• National fee: CAD 6100 per year

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

Syllabus

Modules may include:

• Mathematics of Investment & Credit
• Financial Principles for Actuarial Science
• Life Contingencies
• Corporate Finance for Actuarial Science
• Applied Probability for Actuarial Science
• Loss Models: From Data to Decisions
• Statistical Methods for Actuarial Loss Models
• Stochastic Methods for Finance
• Advanced Pension Mathematics

Careers with Actuarial Science

Graduates are equipped for professional roles as actuaries within the life, health, and property insurance sectors. The programme also prepares students for careers in pension plan management, actuarial software development, and quantitative finance. Beyond traditional paths, alumni find opportunities in investment firms, public social insurance, and emerging fields such as climate risk management and financial risk consultancy.