University of Calgary : 5.5.5 Programs in Actuarial Science

5.5.5 Programs in Actuarial Science

Courses constituting the field of Actuarial Science

Mathematics 211, 213, 249, 251, 253, 273, 281, 283, 311, 313, 321, 323, 349, 353, 381, 401
All courses labelled Actuarial Science
Statistics 407, 421, 429 , 433, 437, 505
Applied Mathematics 217, 219

Note: Courses in Risk Management and Insurance are not included in the field, but are relevant and are recommended electives for Actuarial Science students. Interested students should consult the Division or the Chair in Risk Management and Insurance in the Haskayne School of Business.

Required Courses - Major Program

See also Section 3 (Faculty Regulations), Subsections 3.4B (Program Requirements - Major Programs) and 3.5B (Course Selection - Introductory Courses).

0.5 FCE - Mathematics 211 or 213

0.5 FCE - Mathematics 281 or 251 or 249 or Applied Mathematics 217

0.5 FCE - Mathematics 283 or 253 or Applied Mathematics 219

1.5 FCE - Mathematics 311 or 313, 321, 323

1.0 FCE - Mathematics 349 and 353; or Mathematics 381 and one from the field of Actuarial Science

0.5 FCE - Computer Science 231 or 217 or 235

2.0 FCE - Actuarial Science 325, 327, 427, 527

0.5 FCE - Statistics 421

3.0 FCE - Selected from the list:

Courses labelled Actuarial Science,
Statistics 407, 429, 433, 437, 505.

4.0 FCE - Breadth requirement: Options from faculties other than the Faculty of Science (check Table I in 3.4 Program Requirements for ineligible courses). Of these 4.0 FCE, at least one FCE must be from the Faculty of Arts. Science 311 may be counted among the four FCE from other faculties.

6.0 FCE - Options

Note: Not every 400- and 500-numbered Statistics and Actuarial Sciences course is offered every year. Students in third year should ensure they take a sufficient number of these in order to graduate at the end of their fourth year.

Required Courses - Honours Program

In addition to the requirements specified by the Faculty of Science (see Section 3), students are required to complete the following program of study:

0.5 FCE - Mathematics 273

1.5 FCE - Mathematics 281, 283, 381

2.0 FCE - Mathematics 211 or 213, 311 or 313, 321, 323

0.5 FCE - Computer Science 231 or 217 or 235

2.0 FCE - Actuarial Science 325, 327, 427, 527

1.0 FCE - Statistics 421, 429

3.0 FCE - Selected from the list:

All Actuarial Science courses;
Statistics 407, 433, 437, 505

1.0 FCE - Selected from the list:

All Actuarial Science courses;
Courses in Economics at the 400 level or above;
Courses in Risk Management and Insurance at the 300 level or above;
Courses in Statistics at the 400 level or above.

4.5 FCE - Options

Note: The following substitutions allow students to enter the honours program later in their studies:

(a) The calculus sequence Mathematics 281, 283, 381 may be replaced by an average grade of B+ or better in either of the calculus sequences Mathematics 249/251, 253, 349, 353; or Applied Mathematics 217, 219, 309 with permission.

(b) Mathematics 273 may be replaced by a grade of B+ or better in Mathematics 271 with permission.

(d) Pure Mathematics 455 may be replaced by a grade of B+ or better in Pure Mathematics 435 with permission.

Suggested Program Sequence Honours in Actuarial Science

First Year Honours Courses
Fall	Winter
Mathematics 273	Mathematics 211 or 213
Mathematics 281	Mathematics 283
Option	Computer Science 231 or 217 or 235
Arts option	Arts option
Option	Non-science option
Second Year Honours Courses
Mathematics 311	Option
Mathematics 381	Actuarial Science 327
Mathematics 321	Mathematics 323
Actuarial Science 325	Option
Non-science option	Non-science option

Note: Students are expected to enrol in honours courses.

Recommendations

It is recommended that 200- and 300-level courses listed above should be taken in the first two years of study. Not every 400- and 500-numbered Statistics and Actuarial Sciences course is offered every year. Students should consult with the divisional office to plan for the upcoming cycle of offered courses as well as for a progress assessment on a regular basis throughout their program.
Actuarial Science 425 is recommended for students in the Actuarial Science program.
The following courses are some of the recommended options for Actuarial Science students in second (or subsequent) years:
- Accounting 317
- Communications Studies 361, 363
- At least one of Economics 201 and 301. At least one of Economics 203 and 303
- Risk Management and Insurance 317 (strongly recommended).
- Options in first year should be selected with these second year options in mind, in order to satisfy prerequisites. At least one half course in Economics is strongly recommended.
The following courses are some of the recommended options for Actuarial Science students in third and fourth years:
- Risk Management and Insurance 449, 459, 559.01, 559.02
While a university program will prepare you to join the ranks of the actuarial profession, it is also important for a student to begin writing the professional examinations of the Society of Actuaries and/or Casualty Actuarial Society as soon as possible - but normally not before the end of second year studies - if he or she wishes to find employment in the actuarial industry after graduation. The professional examinations are normally offered on campus twice a year. For more information, please contact an advisor in the Division of Statistics and Actuarial Science.