Actuarial Science

The Bachelor of Science in Actuarial Science at Simon Fraser University offers students a comprehensive education in the principles and applications of actuarial science, preparing them for a dynamic career in the fields of insurance, finance, and risk management. This program is designed to equip students with a strong foundation in mathematics, statistics, economics, and finance, combined with specialized actuarial coursework that aligns with professional actuarial standards. Throughout the program, students will engage in rigorous coursework covering topics such as probability theory, financial mathematics, risk assessment, and actuarial modeling techniques. The curriculum also emphasizes practical skills including data analysis, predictive modeling, and the use of actuarial software, ensuring graduates are well-prepared for the technical demands of the industry. In addition to academic coursework, students will have opportunities to participate in internships, cooperative education placements, and industry projects that provide valuable real-world experience and professional networking opportunities. The program aligns with the requirements of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS), enabling students to progress efficiently toward professional qualification. Graduates of the program will be positioned to pursue Associate or Fellow of the Society of Actuaries (ASA or FSA) credentials and to excel in roles such as risk analyst, actuarial analyst, underwriter, pension consultant, and insurance product developer. With a rigorous curriculum, industry-aligned training, and the support of experienced faculty, the Actuarial Science program at Simon Fraser University aims to develop highly skilled professionals capable of solving complex financial and insurance-related problems in a global context. The university’s strong connections with industry leaders and professional organizations ensure that students receive up-to-date training and mentorship geared towards successful careers in actuarial sciences.

The Bachelor of Science in Actuarial Science at Simon Fraser University provides students with a comprehensive curriculum designed to prepare them for a successful career in the field of actuarial science. The program combines rigorous coursework in mathematics, statistics, economics, and finance with practical experiences to develop the analytical skills and technical knowledge necessary for actuarial work. Students will engage with core topics such as probability theory, financial mathematics, actuarial modeling, risk management, and data analysis, ensuring a strong foundation for understanding and assessing future financial risks. Throughout the program, students have opportunities to apply their theoretical knowledge through projects, internships, and collaboration with industry professionals, which enhances their readiness for actuarial examinations and professional certifications. The program also emphasizes the importance of ethical decision-making, communication skills, and understanding regulatory environments, critical components for effective actuarial practice. In addition to traditional coursework, students can participate in extracurricular activities, actuarial clubs, and seminars that connect them with the industry and provide insights into current challenges and innovations in actuarial science. Graduates of the program are well-equipped to pursue entry-level actuarial positions in insurance companies, consulting firms, government agencies, and financial institutions. The program’s strong emphasis on quantitative skills, problem-solving, and professional development ensures that students are prepared to meet the demands of the evolving actuarial field and to contribute meaningfully to the organizations they join. By completing this program, students gain not only academic knowledge but also the confidence and competencies needed to excel in their professional careers and pass actuarial certification exams.

The Bachelor of Science in Actuarial Science at Simon Fraser University requires students to complete a total of approximately 120 to 130 credit hours to graduate. The program is designed to provide students with a strong foundation in mathematics, statistics, economics, and finance, complemented by coursework in actuarial practices and insurance principles. Core courses typically include Calculus I, II, and III, Linear Algebra, Probability and Statistics, Microeconomics, Macroeconomics, and Introduction to Financial Accounting. Students are also required to complete specialized actuarial courses such as Introduction to Actuarial Practice, Actuarial Mathematics, Risk Theory, and Stochastic Processes. To enhance their professional readiness, students are encouraged to participate in relevant co-op education experiences and actuarial internships, which are facilitated through university partnerships with the insurance and financial industries. The program also emphasizes the development of analytical and problem-solving skills necessary for the actuarial profession. As part of their curriculum, students must pass a series of professional exams administered by actuarial societies, including the Society of Actuaries and the Casualty Actuarial Society, to attain associate and eventually fellowship designations. Elective courses allow students to tailor their studies towards areas such as health insurance, pension planning, or financial modeling. The program's comprehensive approach prepares graduates for careers in insurance companies, consulting firms, government agencies, and other financial institutions. To ensure the academic and professional integrity of the program, students are advised to consult the official SFU catalog and department listings for the latest degree requirements and course offerings.

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Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

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The Actuarial Science program at Simon Fraser University offers students comprehensive financial support options to facilitate their academic journey and professional development. Funding opportunities include scholarships, awards, bursaries, and financial aid programs designed to recognize academic excellence and provide assistance to students in need. Scholarships for Actuarial Science students are often based on academic performance, involvement in related extracurricular activities, and leadership qualities. These awards aim to encourage students to excel in their coursework and pursue research or professional certifications in actuarial science. Bursaries are available for students demonstrating financial need, ensuring that capable individuals from diverse backgrounds can access university education without undue financial hardship.

In addition to merit-based awards, the university provides work-study opportunities and part-time employment on or near campus, allowing students to gain practical experience while earning funds to support their studies. The actuarial program also benefits from partnerships with industry organizations and professional societies, which sometimes offer internships and sponsorships that come with stipends or financial stipends to help defray costs associated with exams, textbooks, and professional development activities. Furthermore, the university’s financial aid office offers guidance on federal and provincial grants, student loans, and repayment options, helping students plan their finances throughout their studies. International students enrolled in the program may have access to specific scholarships designed for international learners, as well as grants and external funding sources. Overall, the funding landscape for Actuarial Science students at Simon Fraser University is structured to support academic achievement and professional growth, ensuring students are equipped with the necessary financial resources to succeed in their education and future careers in the actuarial field.

The Bachelor of Science in Actuarial Science at Simon Fraser University is a comprehensive undergraduate program designed to prepare students for careers in the actuarial profession. The program emphasizes a strong foundation in mathematics, probability, statistics, finance, and economics to develop the analytical skills necessary for risk assessment and management. Students enrolled in this program gain practical knowledge through coursework that covers core actuarial topics such as financial mathematics, numerical methods, actuarial modeling, and data analysis. The curriculum is structured to align with the requirements of actuarial professional societies, including the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS), facilitating students’ progression toward professional certification.

Throughout their studies, students have opportunities for practical experience through co-op placements, internships, and industry projects, which are integrated into the program to enhance employment prospects upon graduation. The program also provides support for actuarial exams, which are essential credentials for practicing professionals. Sophomore and senior-level courses are designed to prepare students for the preliminary actuarial exams, such as Exam P (Probability) and Exam FM (Financial Mathematics), as well as the more advanced exams required for certification.

The Department of Statistics and Actuarial Science at SFU offers dedicated faculty members with expertise in areas like financial risk management, stochastic processes, and statistical modeling, ensuring high-quality instruction and research opportunities. The program fosters a collaborative learning environment, encouraging students to participate in seminars, workshops, and actuarial clubs that connect them with industry professionals and alumni. This active engagement helps students develop professional networks and gain insights into current industry trends.

Graduates of the Actuarial Science program at SFU are well-equipped to pursue the Fellow of the Society of Actuaries (FSA) designation and other professional credentials. They often find employment in insurance companies, consulting firms, government agencies, and financial institutions where their skills in statistical analysis, predictive modeling, and financial planning are in high demand. The program’s blend of rigorous academic coursework, practical experience, and professional exam preparation makes it one of the leading undergraduate pathways for aspiring actuaries in Canada.

The university’s location in British Columbia provides students with access to a vibrant financial services sector and numerous networking events that connect them with industry leaders. Additionally, SFU’s emphasis on experiential learning ensures that graduates are not only theoretically proficient but also ready to meet the challenges of the actuarial profession. Overall, the Bachelor of Science in Actuarial Science at SFU is designed to develop highly skilled, analytically minded professionals who are capable of making data-driven decisions and managing financial risk effectively.