Bachelor of Science (Actuarial Science)

Actuaries analyze mathematical, statistical, demographic, financial, and economic data to predict and assess the effects of long-term risks involved in financial decisions and planning.

They are tasked with solving business problems and analyzing future financial events, especially when the amount or timing of a payment is uncertain.

Actuaries may also assess when and where devastating weather events may hit, to help predict risks and their associated costs for investments or insurance.

In this course, you will develop the mathematical and statistical techniques relevant to model industrial and commercial processes against a financial and economic background. You’ll also learn to identify the risk factors and determine the price and cost of those risks.

Actuarial Science

You must achieve the set minimum course-weighted average mark to be eligible for admission to the Actuarial Science major.

This major is recommended for students who intend to complete further studies and qualify as an actuary. It offers students the opportunity to gain exemptions from the six subjects comprising the Foundation Program, which is the first part of the professional examinations of the Actuaries Institute. 

Actuarial and Applied Statistics

This major is designed for students who want to broaden their degree with more knowledge about statistics and data analysis, but who do not intend to qualify and work as an actuary. It does not include all subjects of the Foundation Program.