Actuarial Science - MActSc
The Master of Actuarial Science (MActSc) is an elite professional program with a cutting edge curriculum and world class instructors. Designed for individuals with a quantitative background and little-to-no experience in actuarial science, the MActSc program will prepare you for a career as an actuary.
We are the only program in North America accredited by both the Canadian Institute of Actuaries (CIA) and the Institute and Faculty of Actuaries (IFoA). We have also been designated as a Centre of Actuarial Excellence by the Society of Actuaries (SOA).
Students that successfully complete our program are eligible for credits towards the IFoA, CIA, SOA, and CAS exams. With these exemptions your travel time to becoming an Associate can be just over one year.
Intakes
- Jan
- May
- Sep
Application Processing Time in Days: 30
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
At the University of Waterloo, we create and promote a culture where everyone can reach their full potential. As an employee, you get support & opportunities that empower you to advance your career. Explore how You + Waterloo can bring big ideas to life, together.
The University is a welcoming workplace for those of all abilities, interests, and expertise. As part of our workforce, you can do what you do best, every day.
65% of children entering primary school today will work in jobs that don’t yet exist. While the future can’t be predicted with 100% certainty, there are some trends that indicate the kinds of skills that will be needed in the future.
Learn about industry trends, what careers in these industries might look like in the future, and university programs that will help you get there.
Careers in business
Careers in engineering
Careers in environment, sustainability, and climate change
Careers in health and helping professions
Careers in the humanities, social sciences, languages, and creative arts
Careers in math, coding, and data
Careers in science
PSW Opportunity
Eligibility for Post-Graduation Work Permit (PGWP):
Graduated from a designated learning institution (DLI) in Canada.
Desire to stay in Canada temporarily for work.
Important Note:
Graduating from a DLI doesn't automatically qualify you for a PGWP.
Validity of PGWP:
Depends on the length of the study program or the expiry date of your passport, whichever comes first.
Duration of PGWP Based on Study Program Length:
Less than 8 months (or 900 hours for Quebec credentials): Not eligible for PGWP.
At least 8 months (or 900 hours for Quebec credentials), but less than 2 years: PGWP may be granted for the same length as the study program (e.g., a 9-month program results in a 9-month PGWP).
2 years or more: PGWP may be valid for 3 years.
Completion of Multiple Programs:
PGWP may combine the lengths of each program if:
Each program is PGWP eligible.
Each program is at least 8 months (or 900 hours for Quebec credentials) in length.
Important Restriction:
You cannot obtain a PGWP if you already had one after completing an earlier program of study.
Admission Requirement / Eligibility Criteria
Master's program and Graduate Diploma admissions
Applying with domestic credentials:
Have at least a 75% overall standing in the last two years of a four-year Honours Bachelor's degree or equivalent
Applying with international credentials:
Have at least a 75% overall standing in a four-year Honours Bachelor's degree or equivalent
Application materials
Resume
Supplementary information form (SIF)
The SIF contains questions specific to your program, typically about why you want to enrol and your experience in that field. Review the application documents web page for more information about this requirement
If a statement or letter is required by your program, review the writing your personal statement resources for helpful tips and tricks on completion
Transcript(s)
References
Three references are required; academic or professional sources
Proof of English language proficiency, if applicable
TOEFL 90 (writing 25, speaking 25), IELTS 7.0 (writing 6.5, speaking 6.5)
- Course Type: Full Time
- Course Level: Masters/PG Degree
- Duration: 01 Year
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Total Tuition Fee:
55053 CAD
Average Cost of Living: 22895 CAD /year
Application Fee: 100 CAD
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