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4.1 Actuarial Mathematics
4.1 Actuarial Mathematics Program
Campus Address/General Office: 640 Drake Centre
Telephone: 204 474 6412
Email Address: 

warrencentre@umanitoba.ca

Website: 

www.umanitoba.ca/actuarial

4.1.1 Program Information

This is an interdisciplinary program leading to a Bachelor of Science (Hon­ours) degree in Actuarial Mathematics offered in collaboration with the Warren Centre for Actuarial Studies and Research of the I.H. Asper School of Business. The program covers mathematical, statistical, financial and economic concepts required to develop skills in the modelling and management of financial risk and contingent events. In the Faculty of Sci­ence the program has a greater emphasis on the mathematical and statisti­cal courses than does the Actuarial Mathematics program offered by the I.H Asper School of Business.

The Warren Centre, with the department of Statistics, offers a joint Honours program (see Section 4.13.3).

To enter the program, a student must have completed a minimum of 24 credit hours with a minimum DGPA of 3.00, and also obtained a minimum grade of “B” in one of the courses listed in Year 1 of the program chart. All of the courses listed in Year 1 of the program chart are program requirements and students are strongly urged to take them in the first year. 

To continue in the Actuarial Mathematics Honours program, students must maintain a minimum DGPA of 3.00 and complete a minimum of 9 credit hours during each Fall and Winter Term.

To graduate with the B. Sc. Honours degree, a student must achieve a min­imum DGPA of 3.00, a minimum grade of “C+” in each of the Honours Program Specific courses (see below), and a minimum grade of “C” on all remaining courses that contribute to the 120 credit hours of the degree.

Honours Program Specific Courses

Students must achieve a minimum grade of “C+” in each of the following for both prerequisite purposes and graduation requirements:

ACT 2020, ACT 2120, ACT 2210, ACT 3130, ACT 3230, ACT 3340ACT 3630 (or both ACT 3130 and ACT 3230), ACT 4020, ACT 4030, ACT 4060, ACT 4160.

4.1.2 Actuarial Mathematics Program Chart
YEAR 1 YEAR 2 YEAR 3 YEAR 4
HONOURS ACTUARIAL MATHEMATICS 120 CREDIT HOURS
ECON 1010, ECON 1020

MATH 12201, MATH 12301, MATH 12321, MATH 1240

STAT 11501, STAT 2150

ACT 2020, ACT 2120, ACT 2210

STAT 2400, STAT 3400

ACC 11002, FIN 22002

MATH 2720

GMGT 20104

ACT 3630 (or both ACT 3130 and ACT 3230), ACT 3340, ACT 40203, ACT 40303

STAT 3050, STAT 3800

ACT 4060, ACT 4160

STAT 34703, STAT 34903

MSCI 2150

6 credit hours of electives 3 credit hours of electives 9 credit hours of electives5 15 credit hours of electives5
30 Hours 30 Hours 30 Hours 30 Hours
JOINT STATISTICS - ACTUARIAL MATHEMATICS HONOURS: See Section 4.13.3

NOTES:

1 The following substitutions are allowed: MATH 1300 (C) or MATH 1310 in place of MATH 1220 (C), MATH 1500 (B) or MATH 1510 (B) in place of MATH 1230 (C), MATH 1700 (B) or MATH 1710 (B) in place of MATH 1232 (C), STAT 1000 (C) and STAT 2000 (B) in place of STAT 1150.

2 Students are strongly urged to complete ACC 1100 in Year 1 when possible. FIN 2200 may be taken in Year 2, 3 or 4; however, it is strongly recommended that it be completed in Year 2. Note that ACC 1100 is a prerequisite for FIN 2200.

3 STAT 3470, STAT 3490, ACT 4020 and ACT 4030 may be taken in Year 3 or 4.

4 GMGT 2010 fulfills the written English requirement.

5  It is recommended that electives in Year 3 and Year 4 be chosen from Actuarial Mathe­matics, Business courses, Computer Science, Economics, Mathe­matics (3000 or 4000 level) and Statistics (4000 level courses). Other electives may be selected through consultation with the program director. Examples include:

Year 3: FIN 3410, FIN 3450, FIN 3480, MSCI 3400, STAT 3480

Year 4: FIN 4240, STAT 4100, STAT 4200, STAT 4520, STAT 4530, STAT 4630.