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Summary of Changes for the 2022/23 Calendar
University of Calgary Calendar 2022-2023 Faculty of Science 4. Program Details 4.5 Mathematics and Statistics 4.5.3 Programs in Actuarial Science
4.5.3 Programs in Actuarial Science
Courses constituting the field of Actuarial Science

Courses in Risk Management and Insurance are not included in the field, but are relevant and are recommended electives for Actuarial Science students. Interested students should consult the Department or the Chair in Risk Management and Insurance in the Haskayne School of Business.

Actuarial Science courses, along with Statistics 421, 429, 505 and 507, cover significant portions of the course of study for the early Casualty Actuarial Society Examinations and Society of Actuaries Examinations/Courses. Students are advised to select additional courses in Economics, Finance, Risk Management and Insurance, and Statistics as electives in order to complete the course of study for these professional examinations, and also to prepare for the advanced Casualty Actuarial Society Examinations/Society of Actuaries Examinations/Courses. Students should speak with a Departmental advisor for guidance.

Students who wish to pursue possible credit towards the Society of Actuaries VEE Accounting and Finance requirements are recommended to take Accounting 217 and Finance 317, respectively. Such students must be in good standing and in the third or fourth year of the Actuarial Science program. Certain other prerequisites for these courses may be waived, but Economics 201 and 203 are required for Finance 317. Students should contact an advisor in the Haskayne School of Business for registration approval. (Note, although sufficiently high grades in Accounting 217 and Finance 317 should satisfy the Society of Actuaries' requirements, ultimately the Society of Actuaries will make this determination.

Required Courses - Major Program

Students must successfully complete a minimum of 57 units to a maximum of 66 units in Courses Constituting the Field of Actuarial Science while fulfilling the following requirements:

3 units - Mathematics 211 or 213

3 units - Mathematics 249 or 265 or 275

3 units - Mathematics 267 or 277

3 units - Mathematics 271 or 273

6 units - Statistics 321 and 323

6 units - Mathematics 367 and one from the Field of Actuarial Science at the 300 level or higher

3 units - Computer Science 217 or 231 or Data Science 211

12 units - Actuarial Science 325, 327, 427 and 527

21 units - Selected from:

18 units - Breadth Requirement: Options from faculties other than the Faculty of Science, excluding courses in Table I. Of these 18 units, at least 6 units must be from the Faculty of Arts. Science 311 may be counted among the 18 units from other faculties.

33 units - Non-Major Field Requirement: Options outside of the Field of Actuarial Science

9 units - Options

Recommended Program Sequence for the BSc in Actuarial Science

There is a Recommended Course Sequence for this program. This sequence describes both the recommended order in which courses should be taken and the recommended course(s) in instances where multiple courses may fulfill a degree requirement. All possible courses that may fulfill degree requirements are found in the Required Courses listed above.

Taking courses in the order of the Recommended Course Sequence will ensure students can complete their program in a timely fashion. The time to complete a program may be lengthened if students choose to complete their requirements in an alternate order.

Required Courses - Honours Program

Students must successfully complete a minimum of 60 units to a maximum of 78 units in Courses Constituting the Field of Actuarial Science while fulfilling the following requirements:

3 units - Mathematics 271 or 273

9 units - Mathematics 249 or 265, 267, 367

6 units - Mathematics 211 or 213; Mathematics 311 or 313

6 units - Statistics 321 and 323

3 units - Computer Science 217 or 231 or Data Science 211

12 units - Actuarial Science 325, 327, 427 and 527

3 units - Statistics 429

21 units - Selected from:

6 units - Selected from:

18 units - Breadth Requirement: Options from faculties other than the Faculty of Science, excluding courses in Table I. Of these 18 units, at least 6 units must be from the Faculty of Arts. Science 311 may be counted among the 18 units from other faculties.

27 units - Non-Major Field Requirement: Options from outside the Field of Actuarial Science

6 units - Options

Recommended Program Sequence for the BSc Honours in Actuarial Science

There is a Recommended Course Sequence for this program. This sequence describes both the recommended order in which courses should be taken and the recommended course(s) in instances where multiple courses may fulfill a degree requirement. All possible courses that may fulfill degree requirements are found in the Required Courses listed above.

Taking courses in the order of the Recommended Course Sequence will ensure students can complete their program in a timely fashion. The time to complete a program may be lengthened if students choose to complete their requirements in an alternate order.

Recommendations

While a university program will prepare you to join the ranks of the actuarial profession, it is also important for a student to begin writing the professional examinations of the Society of Actuaries and/or Casualty Actuarial Society as soon as possible - but normally not before the end of second year studies - if they wish to find employment in the actuarial industry after graduation. For more information on professional examinations, please contact a Departmental advisor.

Required Courses - Minor Program

9 units - Mathematics 249 or 265 or 275; Mathematics 267 or 277; Mathematics 211

3 units - Mathematics 271 or 273

6 units - Statistics 321 and 323

6 units - Actuarial Science 325 and 327

6 units - Courses from the Field of Actuarial Science at the 400 level or higher

Note: The Minor in Actuarial Science is not available to students majoring in Mathematics or General Mathematics. Students outside the department can complete only one minor offered by the Department of Mathematics and Statistics.