FAQ from first-year Actuarial Science students

First Year Information Session (2016) (PPT)

How do I figure out who my advisor is and when they have office hours?

Questions about first-year core and general Mathematics things go to the first-year advising office. Questions about Actuarial Science courses, programs, and so on, come to the Actuarial Science advisor. See office locations and advising hours.

What do I need to bring with me to my advisor?

  • Make sure you come with your questions prepared.
  • Any forms you need to have signed should be brought with you and should be filled out so that the advisor can spend their time helping you and everyone else, efficiently.

What do I need to be admitted into the honours Actuarial Science or Actuarial Science Finance Option program?

You need to be in your 2A term or later. Actuarial Science is a second-year major.

Beyond that, when you come to declare the advisor will look for the following (under the Undergraduate Studies Academic Calendar):

What if I don’t meet these requirements?

If you do not meet these requirements you will be told to wait a term and try again. The department is very strict about the requirements and does not make exceptions.

Where can I find course or class information?

Visit the Undergraduate Studies Academic Calendar to find a description of a course.

See the Schedule of Classes for Undergraduate Students to find a class time or see enrolment total/capacity.

Where can I find a list of courses for Actuarial Science?

You can find the required courses either in the Undergraduate Studies Academic Calendar, or see the undergraduate program sheets.

What courses are required in 1A and 1B if I want to be in Actuarial Science?

The chart below shows a typical sequence for the average student. There are other versions that are fine too and will lead to Actuarial Science, at some point, but this is the most common.

1A term 1B term
Mathematics (MATH) 135/145 MATH 136/146
MATH 137/147 MATH 138/148
Computer Science (CS) 115/135 CS 116/136
MATH English proficiency course Elective
MTHEL 131* Elective (MTHEL 131 if not 1A term)

* A mark of 60% is needed to enroll in Actuarial Science (ACTSC) 232.

What electives do I need to take, and what if I cannot get into them?

The only elective you have to have finished in order to declare Actuarial Science is MTHEL 131. If you don’t have that course you will have to wait to major in Actuarial Science until you have it.

  • MTHEL 131: Needed to declare Actuarial Science.
  • Economics (ECON) 101 and 102: These are required as part of the program by the time you graduate and a mark of >70% in each of them gets you the Validation by Educational Experience (VEE) in Economics.
  • Accounting and Financial Management (AFM) 101 and 102: AFM 101 is required for both ActSci programs. AFM 102 is only required as part of the Finance Option. Both courses must be completed by the time you graduate.

If you try to enroll in these courses but can’t because they are full then take something else. We recommend you take something you can enjoy doing when you are getting through first-year since it’s hard enough to adjust to university studies without extra stress of electives you don’t like.

What courses do you recommend for 2A and 2B?

The chart below shows a typical sequence for the average student. There are other versions that are fine too but look different; especially for students who started in a first-year entry program of English Language for Academic Studies (ELAS), but this is the most common.

2A term 2B term
Statistics (STAT) 230 STAT 231
ACTSC 231 ACTSC 232
MATH 235 ACTSC 371
MATH 237 Elective or Math 231/250
Elective Elective