About the course

Actuarial Science is based upon the application of mathematical techniques to reduce the impact of such hazards as loss of income through death, disability, or retirement, or loss of property through fire, accident, or theft. Actuaries are the chief architects of life, health, and property insurance plans, and pension plans, and bear the major responsibility for their financial soundness. By using concepts from the areas of probability and finance, actuaries model, forecast and value the costs of benefits that will be provided to the participants in such plans. Methods developed for modeling insurance risk can also be applied to modeling investment risk, and actuaries apply their expertise to the valuation of sophisticated investment vehicles such as options on equities, bonds and other investment derivatives.

　　Other actuarial courses deal with more specialized topics, and are generally taken by students with a more serious interest in the field or who want to pursue a career as an actuary. Professional accreditation as an actuary is obtained via the Canadian Institute of Actuaries by passing a series of examinations set by the Society of Actuaries or the Casualty Actuarial Society. University of Toronto's Actuarial Science program is accredited by the Canadian Institute of Actuaries and some professional requirements can be satisfied through courses in the actuarial program. Scholarships - View all scholarships Internships

　　

Start dates and prices

Course fees are indicative and should be used as a guide. Speak to a counsellor to get an accurate price.

　　Duration: 4 Year(s)Fees: CA$242,040

Intake	Location
Fall (September), 2024	Toronto
Fall (September), 2025	Toronto

　　

How to apply

Entry requirements for University of Toronto

If you are attending or have attended a recognized university or college and have a strong academic record, you will be considered for admission based on your postsecondary studies and your most recent annual average, although we will review your entire academic record. Program area prerequisites must be met at, or beyond, the minimum level required for admission from your educational system.

　　The International Baccalaureate Diploma, including at least three Higher Level courses and English HL or SL is required for admission. Prerequisite courses can be presented at either the Standard or Higher Level. For programs with a Math prerequisite, Mathematics SL or HL is required. Math Studies is not acceptable. A total score of 27, excluding bonus points, is required for admission consideration. More competitive programs require a significantly higher score.

　　International English Language Testing System (IELTS) Academic Module: The minimum requirement is an overall band of 6.5, with no band below 6.0. The minimum scores required for the different TOEFL tests are: Internet-based Test: Minimum Requirement: total score of 100 + 22 on Writing, Paper-based Test (discontinued in July 2017) : Minimum Requirement: total score of 600 + 5.0 on TWE

　　

English language requirements

　　6.5

　　Overall IELTS band score

　　Book IELTS

　　About IELTS

　　Practice and prepare

　　TOEFL Internet based overall score: 89.0

　　

Application deadline:

This date isn’t available – speak to an IDP counsellor to get detailed information.

　　

Further information

Career outcomesIf you aren’t eligible for the above entry requirements, you might want to explore pathway options at University of Toronto. If you want to find out more, please speak to our counsellors.

　　Pathway options to study at this institution

　　

Reviews and rankings

World ranking

　　21st / 1250

　　THE World ranking

　　

What our students think

We’ve haven’t received any reviews for this institution yet.