Actuarial Science Major Program

Department of Statistics and Actuarial Science | Faculty of Science
丁香园AV Calendar 2012 Spring

The Department of Statistics and Actuarial Science offers a bachelor of science (BSc) program in actuarial science within the Faculty of Science.

The program maintains a committee of advisors whose office hours are available at the general office and at . Students should seek advice early in their academic careers about program planning from the department's advisors.

丁香园AV Requirements

The program admits approximately 25-30 students each year. Students will be selected competitively.

For admission, students must have completed each lower division required course in mathematics and statistics, or its equivalent, with a minimum C+ grade. Students are also required to have completed ACMA 210 with a minimum grade of C+ and have a cumulative grade point average (CGPA) of at least 3.0.

Achieving the minimum grade requirements will not guarantee program admission.

Students normally apply for admission in the term in which they complete ACMA 210.

Courses for Further Credit

No student may complete, for further credit, any course offered by the Department of Statistics and Actuarial Science which is a prerequisite for a course the student has already completed with a grade of C- or higher without permission of the department.

Computing Recommendation

Some experience with a high level programming language is recommended by the beginning of the second year.

Prerequisite Grade Requirement

Students must have a grade of C- or better in prerequisites for STAT courses and C or better for ACMA courses offered by the Department of Statistics and Actuarial Science.

GPA Required for Continuation

To continue in the program, students must maintain at least a 2.25 grade point average in MATH, STAT, MACM or ACMA courses.

Credit for Statistics Courses

Credit for STAT courses depends on the order in which the courses are completed. There are three kinds of courses:

introductory course STAT 100
service courses STAT 101, 201, 203, 301, 302, 403
mainstream courses STAT 270, 285, 300W, 330, 350, 380, 400, 410, 430, 450, 460

Once a service or mainstream course is completed, credit may not be obtained for STAT 100. Once a mainstream course is completed, credit may not be obtained for any service course. An exception is that both STAT 302 and 403 may be completed for credit after completing STAT 270.

Grade Requirement

Students are required to achieve a CGPA of 2.50 or better to graduate.

Program Requirements

Students complete 120 units, as specified below.

Lower Division Requirements

Students complete all of

ACMA 210-3 Mathematics of Compound Interest
ECON 103-4 Principles of Microeconomics
ECON 105-4 Principles of Macroeconomics
MATH 152-3 Calculus II
MATH 251-3 Calculus III
STAT 270-3 Introduction to Probability and Statistics
STAT 285-3 Intermediate Probability and Statistics

and one of

MATH 150-4 Calculus I with Review
MATH 151-3 Calculus I

and one of

MATH 232-3 Elementary Linear Algebra
MATH 240-3 Algebra I: Linear Algebra*

and two of

BUS 207-3 Managerial Economics
BUS 251-3 Financial Accounting
BUS 254-3 Managerial Accounting
ECON 210-3 Money and Banking
ECON 290-3 Canadian Microeconomics
ECON 291-3 Canadian Macroeconomics

and two lower or upper division CMPT courses. Recommended are CMPT 120 and 125, or CMPT 126 and any other CMPT course.

and two ENGL or PHIL courses.

*recommended

Upper Division Requirements

Students complete a minimum total of 32 units, including both of

ACMA 320-5 Actuarial Mathematics I
STAT 330-3 Introduction to Mathematical Statistics

and four of

ACMA 315-3 Credibility Theory
ACMA 335-3 Risk Theory
ACMA 425-3 Actuarial Mathematics II
ACMA 445-3 Loss Models: Estimation and Selection
STAT 450-3 Statistical Theory

and four of the following, at least one of which must be ACMA 465, 470 or 475.

ACMA 395-3 Special Topics in Actuarial Science
ACMA 465-3 Mathematics of Demography
ACMA 470-3 Property and Casualty Insurance
ACMA 475-3 Theory of Pension
ACMA 490-3 Selected Topics in Actuarial Science
ACMA 495-3 Directed Studies in Actuarial Science
BUS 312-4 Introduction to Finance
BUS 315-4 Investments
BUS 316-3 Derivative Securities
BUS 360-3 Business Communication
BUS 410-3 Financial Institutions
BUS 413-4 Corporate Finance
BUS 419-3 Advanced Derivative Securities
ECON 301-4 Intermediate Microeconomic Theory
ECON 305-5 Intermediate Macroeconomic Theory
MACM 316-3 Numerical Analysis I
MATH 308-3 Linear Optimization
MATH 310-3 Introduction to Ordinary Differential Equations
STAT 350-3 Linear Models in Applied Statistics
STAT 380-3 Introduction to Stochastic Processes

Certain elective courses are pre-approved courses for Valuation by Educational Experience (VEE) units from the Society of Actuaries. Information is available at

Faculty of Science Requirements

To satisfy Faculty of Science requirements, students complete additional upper division credit to total 44 units. Job practicum courses, STAT 302 and 403 may not be used to fulfil this requirement.

Writing, Quantitative, and Breadth Requirements

Students admitted to 丁香园AV beginning in the fall 2006 term must meet writing, quantitative and breadth requirements as part of any degree program they may undertake. See Writing, Quantitative, and Breadth Requirements for university-wide information.

WQB Graduation Requirements A grade of C- or better is required to earn W, Q or B credit.
Requirement	Units	Notes
W - Writing	6	Must include at least one upper division course, taken at 丁香园AV within the student鈥檚 major subject
Q - Quantitative	6	Q courses may be lower or upper division
B - Breadth	18	Designated Breadth	Must be outside the student鈥檚 major subject, and may be lower or upper division 6 units Social Sciences: B-Soc 6 units Humanities: B-Hum 6 units Sciences: B-Sci
B - Breadth	6	Additional Breadth	6 units outside the student鈥檚 major subject (may or may not be B-designated courses, and will likely help fulfil individual degree program requirements) Additional breadth units must be from outside the student's major and may be B-designated (B-Hum, B-Soc, B-Sci courses). Students choosing to complete a joint major, joint honors, double major, two extended minors, an extended minor and a minor, or two minors may satisfy the breadth requirements (designated or not designated) with courses completed in either one or both program areas.

Residency Requirements and Transfer Credit

The University鈥檚 residency requirement stipulates that, in most cases, total transfer and course challenge credit may not exceed 60 units, and may not include more than 15 units as upper division work.

Elective Courses

In addition to the courses listed above, students should consult an academic advisor to plan the remaining required elective courses.

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