Fall 2016 Graduate Calendar


MATHEMATICS AND STATISTICS

THE MASTER OF ACTUARIAL SCIENCE (M.Act.Sc)

Admission Requirements
Bachelor degree in a calculus-based quantitative discipline (e.g. Engineering, physics, chemistry, business) with at least a 70% average (or equivalent) overall, and good mathematics grades. Knowledge of calculus and matrix algebra is essential. Admission is limited and competitive. Up to two courses may be accepted for credit based on previous background (although the total fee remains the same.) Students from programs with a three year university degree would be admitted if their university course background in mathematics is strong.

Degree Requirements

Total Courses: 12

Year 1 Term 1:
97-501 Probability for Risk and Actuarial Science
97-502 Financial Mathematics, Theory of Interest
76-503 Introduction to Financial Management*

Year 1 Term 2:
97-503 Derivatives Markets I
76-512 Financial Management
97-505 Life Contingencies I

Year 1 Term 3:
97-504 Derivatives markets II
97-520 Regression and Time Series
97-510 Microeconomics

Year 2 Term 4
97-506 Life Contingencies II
97-507 Special Topics in Actuarial Science
97-511 Macroeconomics


ACTUARIAL COURSES