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Actuarial Science (Honours), B.Sc.

  • Application Deadline
  • 48 months
    Duration
University rank #18 (WUR) Toronto, Canada
The Actuarial Science (Honours) program of University of Toronto is based upon the application of mathematical techniques to reduce the impact of such hazards as loss of income through death, disability, or retirement, or loss of property through fire, accident, or theft.
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Overview

The Actuarial Science (Honours) program of University of Toronto is using concepts from the areas of probability and finance, actuaries model, forecast and value the costs of benefits that will be provided to the participants in such plans.

Methods developed for modeling insurance risk can also be applied to modeling investment risk, and actuaries apply their expertise to the valuation of sophisticated investment vehicles such as options on equities, bonds and other investment derivatives. Other actuarial courses deal with more specialized topics, and are generally taken by students with a more serious interest in the field or who want to pursue a career as an actuary. Professional accreditation as an actuary is obtained via the Canadian Institute of Actuaries by passing a series of examinations set by the Society of Actuaries or the Casualty Actuarial Society. 

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:

  • Mathematics of Finance for Non-Actuaries
  • Mathematics of Investment & Credit
  • Financial Principles for Actuarial Science
  • Introductory Life Contingencies
  • Advanced Life Contingencies
  • Corporate Finance for Actuarial Science

English Language Requirements

  • Minimum required score:

    100

    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

    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.

    Get a free IELTS practice test
  • Minimum required score:

    600

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks.

General Requirements

  • All applicants are required to present a senior level/Grade 12 English course for admission consideration
  • An International Baccalaureate Diploma, including English HL or SL is required for admission
  • English is the language of instruction and examination at U of T, and success in our degree programs requires a high level of English language proficiency

Tuition Fee

  • International

    53290 CAD/year
    Tuition Fee
    Based on the original amount of 53290 CAD per year and a duration of 48 months.
  • National

    6100 CAD/year
    Tuition Fee
    Based on the original amount of 6100 CAD per year 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 Toronto

  • 1502 - 2570 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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