Academic Plans and Requirements

The Actuarial Science Minor is only open to students within the Faculty of Mathematics. Admission to this Minor requires a minimum Actuarial Science special major average of 70%. A student with no Actuarial Science special major average will be admitted with a minimum cumulative average of 70% on at least 10 non-excluded courses, provided they have no more than one failed or excluded course.

• All of
  • ACTSC 231 Introductory Financial Mathematics
  • ACTSC 232 Life Contingencies 1
  • AFM 101 Introduction to Financial Accounting
  • MATH 237 Calculus 3 for Honours Mathematics or MATH 247 Calculus 3 (Advanced Level)
  • MTHEL 131 Introduction to Actuarial Practice
  • STAT 330 Mathematical Statistics
  • STAT 333Stochastic Processes 1
• Two of
  
  • ACTSC 331 Life Contingencies 2
  • ACTSC 363 Casualty and Health Insurance Mathematics 1
  • ACTSC 372 Investment Science and Corporate Finance
• One additional 400-level ACTSC course

Notes

1. Students currently or previously enrolled in the Business Administration and Mathematics double degree academic plan may substitute:
   
   • BUS 121W for MTHEL 131.
   • BUS 127W for AFM 101.
   • BUS 393W for ACTSC 372.
2. STAT 334 is not an acceptable substitute for STAT 330 or STAT 333.