Program description
Actuarial mathematics involves the application of mathematical disciplines, particularly probability, statistics, and risk theory, to real-life financial problems involving future uncertainty. This analytical approach helps people and organizations quantify and reduce financial risk in areas as diverse as life, health, disability, marine, property and casualty insurance; annuities; and pension and employee benefits plans.
Program options
Degree options
B.Comm (Hons.) Bachelor of Commerce Honours (Major in Actuarial Mathematics) – 4 years
B.Sc. (Hons.) Bachelor of Science in Actuarial Mathematics (Honours) – 4 years
B.Sc. (Hons.) Bachelor of Science (Joint Major in Statistics - Actuarial Mathematics) Honours – 4 years
Interesting courses and unique opportunities
Interesting courses
- Actuarial Aspects of Investment Practice
- Economic & Financial Applications
- Life Insurance Products and Employee Benefit Plans
- Introduction to Risk Management
- Financial Derivatives for Actuarial Practice
- Actuarial Modeling Methods
- Managing Insurance Operations in the International Business Environment
Co-op options
Asper Co-operative Education option
Exchange opportunities
Asper International Student Exchange Program
Professional opportunities
- Casualty insurers
- Pension and employee benefits consultant
- Educator
- Researcher
The program prepares students for careers as professional actuaries or post-graduate studies leading to careers as professional actuaries or actuarial researchers.
Admission requirements & prerequisites
Direct entry option
- Manitoba high school graduation, with five full credits at the Grade 12 level, in courses designated S, G or U.
- A minimum 85% average over the following, with no less than 60% in each course:
- English 40S
- Pre-Calculus Mathematics 40S (recommended) or Applied Mathematics 40S
- A third 40S course
This entry option is open to high school students or high school graduates who have not completed any university or college courses. If eligible applicants outnumber the available spaces, applicants will require higher averages than stipulated to be successful in the admissions competition. Specific program requirements will vary; details of these requirements are available on each program’s application page.
Advanced entry option
24 credit hours in U1 (or an approved bachelors program)
This entry option is open to students who have completed a minimum of 24 credit hours of university level study. Specific program requirements will vary; details of these requirements are available on each program’s application page.
High school prerequisites
High school prerequisites: Pre-Calculus Math 40S (min. 60%)
Many programs will require or recommend specific high school courses over and above their admission requirements. These high school prerequisites are not always required to enter the program, but they must be completed to enrol in certain university courses within it. If a student does not have a particular prerequisite when they enter the program, they may complete an equivalent upgrading course at university that will satisfy the prerequisite requirement.
More details on admission requirements, application dates and how to apply is available on the Asper School of Business apply for admission page.
What is unique about this program at the U of M?
The establishment of the Warren Centre for Actuarial Studies and Research as a part of the Asper School of Business makes it possible to continue and enhance the tradition of excellence which has distinguished the university’s actuarial program, while providing students with the educational breadth obtainable through access to business and management-oriented courses. The Warren Centre is the only Canadian actuarial program able to provide students with this powerful career advantage.
Established in 1912, the University of Manitoba’s Actuarial Program is one of the oldest and most successful in North America. Hundreds of actuaries have graduated from the program over the years; among them, CEO’s and presidents of major insurance companies and consulting firms, as well as world-class researchers and scholars.
The Society of Actuaries recognized the Warren Centre as a Center of Actuarial Excellence in 2009.
Important links
Asper School of Business
Warren Centre for Actuarial Studies and Research
Asper MBA
