Actuarial Science program requirements

(13.0 credits)

First Year:

1(MAT130H1/ MAT135H1, MAT136H1) with an average grade of 73%/ (MAT148H1, MAT149H1)/ MAT137Y1 with an average grade of 63%/ (MAT158H1, MAT159H1)/ MAT157Y1 with an average grade of 60%

2MAT223H1/ MAT240H1 (should be taken in first year, enforced as a prerequisite for MAT237Y1)

3ECO101H1, ECO102H1

4STA130H1

Note 1Note: STA130H1 is restricted to first-year students. If you are unable to complete STA130H1 in first year, see Note A below for accepted substitutions for this requirement.

To be completed before the end of Second Year:

1CSC108H1/ CSC120H1/ CSC148H1. A student who has completed CSC110Y1 also fulfills this program requirement.

Second Year:

1(ACT240H1 and ACT245H1 and ACT247H1) with an average grade of 63%

2(MAT235H1, MAT236H1)/ MAT235Y1/ MAT237Y1/ MAT257Y1

3(STA257H1, STA261H1)/ (STA237H1, STA238H1); while either pair of courses is accepted, we strongly recommend (STA257H1, STA261H1)

4MGT201H1

Higher Years:

1A set of mandatory courses (3.5 credits): ACT348H1, ACT349H1, ACT351H1, ACT352H1, ACT370H1, ACT455H1/ ACT466H1, STA302H1

22.0 credits to be selected from lists 1 and 2 (students can only use at a maximum 1.0 credit from list (2), the practice oriented courses, to fulfill program completion requirements): (1) ACT350H1, ACT371H1, ACT455H1/ ACT466H1 (whichever course that was not taken as a mandatory course), ACT460H1, STA314H1, STA457H1, STA414H1, and (2) ACT372H1, ACT470H1, ACT473H1, ACT475H1.

3Professional Experience Course ACT390H1: students are strongly recommended to complete this course in the Fall semester of the third year.

4Actuarial Professional Internship ACT391H1: a full-time work term in an actuarial field (420-hour long at a minimum, and may be longer due to professional or academic needs).

NOTES:

Note 1If you are unable to complete STA130H1 in your first year of study, this requirement must be fulfilled with one of the following 0.5 credits to fulfill your 13.0-credit program requirements: ACT100H1 (for first- and second-year students only), ACT350H1, ACT455H1/ ACT466H1 (whichever course that was not taken as a mandatory course), ACT460H1, STA314H1, STA457H1, STA414H1. The course taken in lieu of STA130H1 cannot be one that is already being used to satisfy Requirement 2 in the completion requirements for Higher Years.

Note 2Students who have an interest in pursuing studies in mathematical finance should consider taking MAT244H1, MAT336H1/ MAT337H1 and APM346H1. Students in the Actuarial Science Specialist Program who have successfully completed ACT348H1 and ACT349H1 may request to enroll in the following RSM courses (provided the appropriate prerequisites and corequisites are met): RSM430H1, RSM433H1, RSM437H1. MAT246H1 is recommended (not required) for students in the Actuarial Science Specialist Program.

Note 3Wherever possible, the expectation is that the student will be paid based on industry standards for the duration of the work term.

(8.5 credits)

First Year:

1(MAT130H1/ MAT135H1 and MAT136H1)/ (MAT148H1, MAT149H1)/ MAT137Y1/ (MAT158H1, MAT159H1)/ MAT157Y1

2MAT223H1/ MAT240H1 (should be taken in first year, enforced as a prerequisite for MAT237Y1)

3STA130H1

Note 1Note: STA130H1 is restricted to first-year students. If you are unable to complete STA130H1 in first year, see Note A below for accepted substitutions for this requirement.

To be completed before the end of Second Year:

4CSC108H1/ CSC120H1/ CSC148H1. A student who has completed CSC110Y1 also fulfills this program requirement.

Higher Years:

5ACT240H1, ACT245H1, ACT247H1, ACT348H1, ACT370H1

6(MAT235H1, MAT236H1)/ MAT235Y1/ MAT237Y1/ MAT257Y1

7(STA257H1, STA261H1)/ (STA237H1, STA238H1); while either pair of courses is accepted, we strongly recommend (STA257H1, STA261H1)

8ACT351H1, ACT352H1

90.5 credit from ACT455H1/ ACT466H1/ STA302H1/ ACT350H1

STA314H1 is strongly recommended.

NOTES:

Note 1If you are unable to complete STA130H1 in your first year of study, this requirement must be met with one of the following 0.5 credits to fulfill your 8.5-credit program requirements: ACT100H1 (for first- and second-year students only), ACT349H1, ACT350H1, ACT455H1, ACT460H1, ACT466H1, STA302H1, STA314H1, STA457H1, STA414H1. The course taken in lieu of STA130H1 cannot be one that is already being used to satisfy Requirement 9 in the completion requirements for Higher Years.

Note 2Students are highly encouraged to take ECO101H1 and ECO102H1 to obtain SOA VEE (Validation by Educational Experience) credit for Economics, and MGT201H1 and ACT349H1 to obtain VEE credit for Accounting and Finance.

Note 3ACT390H1 is a required course in the actuarial science specialist program. The course is not required in the actuarial major program but a number of spots are available for actuarial major students. International students in the actuarial major program are not eligible for work permits for internships.

Note 4Students interested in actuarial practices should consider taking ACT371H1, ACT372H1, ACT470H1, ACT473H1, ACT475H1.

Note 5The University of Toronto requires that any student who is using a combination of programs to graduate (e.g. two majors, a major and two minors) must complete a total of at least 12.0 distinct credits that are used to satisfy program requirements. It is possible that a student with a combination of actuarial science major and statistics major may not comply with this 12.0 credit rule (depending on how students select their courses within the statistics major) and may need to take additional courses to satisfy this rule. If you have concerns or questions regarding this rule, please consult with the department

Note 6Students who have an interest in pursuing studies in mathematical finance should consider taking MAT244H1, MAT336H1/ MAT337H1 and APM346H1.