Statistics and Actuarial

Program Name: Bachelor of Science in Statistics and Actuarial Science

The Bachelor of Science in Statistics and Actuarial Science at the University of Manitoba offers students a comprehensive education in the foundational principles of statistics, probability, and actuarial science. This interdisciplinary program is designed to equip students with the quantitative skills necessary for a wide range of careers in data analysis, risk management, finance, insurance, and related fields. Students will learn to collect, analyze, and interpret complex data sets using modern statistical software and methodologies, preparing them to make informed decisions in various professional contexts.

The curriculum combines rigorous coursework in mathematical and statistical theory with practical applications. Core courses include calculus, linear algebra, probability theory, statistical inference, and data analysis, ensuring students develop a solid mathematical foundation. Specialized courses in actuarial science cover topics such as financial mathematics, risk theory, life contingencies, insurance mathematics, and pension planning. The program emphasizes hands-on experience through projects, case studies, and internships, enabling students to apply theoretical knowledge to real-world scenarios.

Students are encouraged to obtain actuarial credentials by pursuing additional professional examinations offered through recognized actuarial bodies, as the program aligns well with the requirements of organizations like the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). The program also provides opportunities for research and collaboration with faculty members who are experts in statistics and actuarial science, fostering an environment of academic excellence.

Graduates of the program are well-prepared for employment in various industries, including insurance companies, financial institutions, government agencies, and consulting firms. Additionally, the program provides a strong foundation for those intending to pursue graduate studies in statistics, actuarial science, or related fields. With the growing importance of data-driven decision-making in today's economy, this program positions students at the forefront of analytical and actuarial professions, offering a challenging and rewarding academic journey that opens doors to diverse career opportunities.

The Bachelor of Science in Statistics and Actuarial Science at the University of Manitoba is a comprehensive undergraduate program designed to equip students with the essential knowledge and skills in statistical analysis, probability, and actuarial methodologies. This interdisciplinary program combines rigorous coursework in mathematics, statistics, economics, and finance to prepare students for a variety of careers in data analysis, risk management, insurance, finance, and related fields. Throughout the program, students engage with foundational concepts such as descriptive and inferential statistics, statistical computing, and data management, alongside specialized topics including predictive modeling, regression analysis, time series analysis, and stochastic processes.

The curriculum emphasizes practical application through computer-based projects, internships, and collaborative research, enabling students to develop essential skills in data collection, analysis, and interpretation. In addition, the program offers dedicated courses in actuarial science, covering principles of insurance, pension planning, risk theory, and financial mathematics. This prepares students for professional examinations and careers as actuaries, with a strong grounding in the mathematical modeling of uncertain events and financial risks.

Students also have access to state-of-the-art facilities and resources at the university, including statistical software and computing labs. The program encourages active participation in seminars, workshops, and conferences to stay updated with advancements in the field. Graduates of this program are well-positioned to pursue further graduate studies or to enter the workforce directly, with diverse employment opportunities in government agencies, financial institutions, insurance companies, healthcare analytics, and consulting firms. The University of Manitoba's emphasis on experiential learning and professional development ensures that students are prepared to meet the competitive demands of the modern data-driven economy, making this program an excellent choice for those passionate about statistical science and actuarial applications.

Program requirements for the Bachelor of Science in Statistics and Actuarial Science at the University of Manitoba include a combination of general university graduation requirements, major-specific courses, and elective options. Students must complete a minimum of 120 credit hours, including foundational courses in mathematics, statistics, and economics. Core courses typically cover topics such as probability theory, statistical inference, regression analysis, and actuarial mathematics. Students are encouraged to take courses in calculus, linear algebra, and computer programming to build strong quantitative skills. The program also requires students to engage in applied projects or internships to gain practical experience in statistical analysis and actuarial practice. To meet graduation criteria, students must achieve a minimum GPA as specified by the university, generally around 2.0 overall, with certain courses potentially requiring higher grades. Elective courses provide opportunities to specialize further, including areas like financial mathematics, risk management, and data analysis. Additionally, students aspiring to become credentialed actuaries should plan their course pathways to prepare for actuarial exams offered by professional societies such as the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). The program emphasizes both theoretical understanding and applied skills, ensuring graduates are well-equipped for careers in insurance, finance, data analysis, and related fields. Students are also advised to participate in student organizations and professional development activities to enhance their practical knowledge and networking opportunities. The program is designed to be completed in four years of full-time study, with academic advising available to help students plan and meet their academic goals effectively. Overall, the program provides a rigorous education in statistics and actuarial science, balancing coursework, practical experience, and professional preparation.

Want to improve your English level for admission?

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.

Enroll in the course

Financing for the Statistics and Actuarial Science program at the University of Manitoba is available through a variety of sources designed to support students financially throughout their studies. The university offers competitive scholarships, awards, and bursaries specifically for students enrolled in these disciplines, aiming to recognize academic excellence and financial need. Prospective and current students are encouraged to apply for entrance scholarships such as the President’s Award and other faculty-specific awards, which can provide significant financial support. Additionally, the University of Manitoba’s Graduate Fellowships and funding opportunities are available for students pursuing graduate studies within the program, ensuring support for research projects and advanced coursework. Students may also explore external funding resources, including government-sponsored scholarships, private foundations, and professional organizations related to statistics and actuarial science, which sometimes offer targeted funding opportunities. Work-study programs allow eligible students to gain practical experience while earning income and help alleviate financial burdens. Loan options, including provincial and federal student loans, are accessible for qualified students, providing essential financial assistance to cover tuition fees, living expenses, and other costs associated with their education. The university provides comprehensive guidance on financial planning, including workshops and counseling services to help students manage their finances effectively. The program’s location within a major research university enhances students’ opportunities to access internships, cooperative education placements, and industry partnerships that may include stipends or paid positions, further supporting their economic stability during their studies. Overall, the University of Manitoba’s commitment to accessible education ensures that students enrolled in the Statistics and Actuarial Science program have multiple avenues for financial support, facilitating their academic success and professional development.

The University of Manitoba offers a comprehensive program in Statistics and Actuarial Science designed to equip students with a solid foundation in statistical methods, data analysis, and actuarial principles. The program emphasizes both theoretical understanding and practical application, preparing graduates for diverse careers in industries such as insurance, finance, consulting, government, and healthcare. The curriculum covers core areas including probability theory, statistical inference, regression analysis, time series, and stochastic processes, alongside specialized courses in actuarial mathematics, risk management, and finance. Students also have opportunities to develop programming skills relevant to data analysis, including proficiency in software such as R, SAS, and Python. The program integrates experiential learning through internships, co-op placements, and collaborative projects with industry partners, which enhance employability and real-world understanding. Faculty members are recognized experts in their fields, often involved in cutting-edge research and professional service, contributing to a vibrant academic environment. The program supports accreditation efforts by the Society of Actuaries and CAS (Casualty Actuarial Society), providing a clear pathway toward professional certification. Admission requirements typically include a strong background in mathematics, statistics, and related areas at the high school or undergraduate level. Graduates of the program often pursue advanced degrees or directly enter the workforce, taking roles such as statisticians, actuaries, data analysts, risk managers, and consultants. The University of Manitoba’s commitment to diversity and inclusion fosters an engaging community that encourages academic excellence, innovation, and lifelong learning among its students. Facilities include modern classrooms, dedicated computer labs, and access to extensive online learning resources. Support services such as academic advising, career counseling, and student organizations further enhance the educational experience, helping students to succeed academically and professionally. The program is designed to be flexible, accommodating both full-time and part-time learners, with options for specialization depending on individual career goals. Overall, the University of Manitoba’s Statistics and Actuarial program offers a rigorous, well-rounded education that prepares graduates for successful careers in data-driven decision making and risk assessment.