Program Overview
This exciting course-based graduate program, offered by the Faculty of Science, gives students an opportunity to enhance their understanding and skills in the discipline of actuarial sciences. Over 16 consecutive months, students complete Master's level course work in industry relevant areas, such as derivatives markets, life contingencies, micro- and macro-economics.
Career Opportunities
As a professional graduate program, alumni of the M.Act.Sc program are well prepared for careers in insurance, financial analysis, pensions, and healthcare industries. Graduates can also participate in the regular offerings of the Society of Actuaries (SOA) exams offered on-site.
Curriculum
The curriculum covers actuarial mathematics as required for the following Society of Actuaries (SOA) professional exams:
- P (Probability)
- FM (Financial Mathematics)
- LTAM (Long Term Actuarial Mathematics)
- IFM (Investment and Financial Markets)
- SRM (Statistics for Risk Modeling)*
- STAM (Short Term Actuarial Mathematics)*
- SOA VEE (Economics, Accounting & Finance)*
*Partial preparation for the SOA examination
Intake
September
*Partial preparation for the SOA "C" exam
Key Learning Outcomes
- Describe and apply advanced concepts related of probability, theory of interest, financial derivatives, finance, economics, regression and time series, risk and loss functions
- Critically evaluate current research in actuarial science, develop and support a sustained argument based on evidence, and apply appropriate research methods to problems
- Interpret verbal descriptions and transform them into mathematical insurance models, analyse the models, interpret the models and output and express the solutions in a coherent organized manner
- Recognize and discuss appropriate best actuarial models and create models to solve complex problems
Program Requirements
Total Courses: 12
97-501 Probability for Risk and Actuarial Science
97-502 Financial Mathematics, Theory of Interest
76-503 Introduction to Financial Management*
97-503 Derivatives Markets I
76-512 Financial Management
97-520 Regression and Time Series
97-504 Derivatives markets II
97-505 Life Contingencies I
97-510 Microeconomics
97-506 Life Contingencies II
97-507 Special Topics in Actuarial Science
97-511 Macroeconomics
Program Duration
Four consecutive terms, each 4 months in duration, for a total of 16-months
For detailed information, please refer to the University of Windsor's online Graduate Calendar.