Master of Business Administration (MBA)
The University of Manitoba offers a prestigious Master of Business Administration (MBA)...
Bachelor of Commerce (Honours) in Actuarial Mathematics
Winnipeg, Manitoba
INTAKE: September
Program Overview
The Bachelor of Commerce (Honours) in Actuarial Mathematics program at the University of Manitoba is a rigorous and specialized program designed to prepare students for careers in the actuarial profession. Actuaries are professionals who use mathematical and statistical techniques to assess risk and uncertainty in various fields, including insurance, finance, and pensions. This program provides students with a strong foundation in mathematics, statistics, finance, and business, along with specialized coursework in actuarial science.
Curriculum: The curriculum of the Bachelor of Commerce (Honours) in Actuarial Mathematics program covers a wide range of topics essential to the actuarial profession. Courses typically include calculus, probability theory, statistics, financial mathematics, risk management, and insurance principles. In addition to core mathematics and statistics courses, students also study business fundamentals, economics, and computer programming. The curriculum is designed to prepare students for professional actuarial examinations administered by organizations such as the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
Research Focus: The University of Manitoba emphasizes research in actuarial mathematics, with faculty members engaged in research projects exploring various aspects of actuarial science, risk assessment, and insurance modeling. Research topics may include mortality modeling, longevity risk, insurance pricing, risk management strategies, or financial derivatives. Students in the Bachelor of Commerce (Honours) in Actuarial Mathematics program have opportunities to engage in research activities, conduct independent research projects, or collaborate with faculty members on research initiatives. The program aims to contribute to the advancement of knowledge in the field of actuarial science and support students in pursuing careers as actuaries or researchers.
Industry Engagement: The Bachelor of Commerce (Honours) in Actuarial Mathematics program at the University of Manitoba maintains strong connections with the actuarial profession and industry to ensure that its curriculum remains relevant and responsive to the needs of employers. Through partnerships with actuarial firms, guest lectures from practicing actuaries, networking events, and internship opportunities, students gain practical insights into the actuarial profession and engage with industry leaders. The program also offers support and resources to help students prepare for actuarial examinations and pursue internships or co-op placements in actuarial roles.
Global Perspective: The Bachelor of Commerce (Honours) in Actuarial Mathematics program at the University of Manitoba incorporates a global perspective, recognizing the international nature of the actuarial profession and the interconnectedness of financial markets. Courses may explore topics such as international insurance regulation, cross-border risk management, or global economic trends. Students may also have the opportunity to participate in international actuarial conferences, study abroad programs, or internships with multinational insurance companies, gaining exposure to different actuarial practices and cultures around the world. The program prepares students for careers in the global marketplace and fosters an understanding of the impact of globalization on actuarial work.
Location
Winnipeg, Manitoba
Score
IELTS 6.5
Tuition Fee
CAD 22091
Application Fees: CAD$ 120
Academic Requirements: Completion of secondary school education with a minimum average of 85%. Please note that specific programs may have additional requirements or higher admission standards.
English Language Proficiency:
- IELTS: A minimum overall score of 6.5, with no band score less than 6.
- TOEFL: A minimum score of 86 on the internet-based test (iBT).
- PTE Academic: A minimum score of 58.
- DET (Duolingo English Test): A minimum score of 120.
The University of Manitoba offers a variety of scholarships and financial aid options to support international students in their academic pursuits. These scholarships recognize academic excellence, leadership potential, and financial need.
International Student Entrance Scholarships: These scholarships are available to international students entering undergraduate programs.The scholarships are awarded based on academic achievement, with different scholarship levels based on GPA.The value of the scholarships ranges from $1,000 to $40,000.
International Graduate Student Entrance Scholarships: These scholarships are available to international students applying for graduate programs.The scholarships are awarded based on academic achievement and potential.The value of the scholarships ranges from $5,000 to $17,500.
Faculty-Specific Scholarships: Various faculties within the university offer scholarships specific to their programs of study. These scholarships are available to both undergraduate and graduate international students.The eligibility criteria and values of these scholarships vary depending on the faculty.
External Scholarships: The University of Manitoba encourages international students to explore external scholarship opportunities.There are several external scholarship programs available for international students to fund their studies at the university.The university provides guidance and support in identifying and applying for these external scholarships.
It is important to note that the eligibility criteria, application processes, and deadlines for scholarships may vary.
Graduates of the Bachelor of Commerce (Honours) in Actuarial Mathematics program at the University of Manitoba possess a specialized skill set that prepares them for diverse and lucrative career opportunities in the actuarial field and beyond. With a strong foundation in mathematics, statistics, finance, and risk management, graduates are well-equipped to excel in various roles within the insurance industry, financial sector, and beyond.
Actuary: Many graduates pursue careers as actuaries, professionals who assess and manage risk using mathematical and statistical techniques. Actuaries work in insurance companies, consulting firms, government agencies, and other organizations, where they analyze data, develop pricing models, and design insurance products. They play a crucial role in helping organizations make informed decisions about risk management, financial planning, and strategic investments.
Insurance Underwriter: Graduates may work as insurance underwriters, responsible for evaluating insurance applications, assessing risk, and determining coverage and premiums. Insurance underwriters analyze factors such as demographics, health status, and financial data to assess risk and determine the appropriate pricing for insurance policies. They help insurance companies maintain profitability by managing risk exposure and ensuring that premiums are adequate to cover potential claims.
Risk Analyst: Others may pursue careers as risk analysts, working in financial institutions, investment firms, or corporations to identify, assess, and mitigate financial risks. Risk analysts analyze market trends, economic indicators, and portfolio performance to evaluate potential risks and develop risk management strategies. They use statistical models and quantitative methods to quantify risk exposure and make recommendations to senior management on risk mitigation measures.
Financial Analyst: Graduates with strong analytical skills may work as financial analysts, analyzing financial data, evaluating investment opportunities, and providing recommendations to clients or employers on investment decisions. Financial analysts work for investment firms, banks, corporations, or government agencies, where they assess the financial health of companies, analyze market trends, and forecast future performance. They play a crucial role in helping investors make informed decisions about allocating capital and managing portfolios.
Data Scientist: Some graduates may pursue careers as data scientists, leveraging their mathematical and statistical skills to analyze large datasets, extract insights, and develop predictive models. Data scientists work in various industries, including finance, insurance, healthcare, and technology, where they use advanced analytics and machine learning techniques to solve complex problems and drive business decisions. They play a key role in helping organizations harness the power of data to gain a competitive advantage and drive innovation.
Risk Management Consultant: Others may work as risk management consultants, advising organizations on identifying, assessing, and managing risks across various areas of their business operations. Risk management consultants work for consulting firms or financial advisory firms, where they conduct risk assessments, develop risk management strategies, and provide recommendations to clients on improving risk governance and compliance practices. They help organizations navigate regulatory requirements, minimize losses, and optimize risk-return trade-offs.
