The Master of Actuarial Science (MActSc) is an elite professional program featuring a leading-edge curriculum. Designed for individuals with a strong quantitative background but limited practical experience, the MActSc program equips you with rigorous technical training and modern analytics skills for a successful career as an actuary. Since 2010, the program has produced highly skilled professionals working across all actuarial fields.

Recognized as a Center of Actuarial Excellence (CAE) by the Society of Actuaries (SOA), MActSc is one of the first Canadian programs offering University-Earned Credit (UEC). It is also the only actuarial program with accreditations by the Institute and Faculty of Actuaries (IFoA) and the Canadian Institute of Actuaries (CIA). Graduates can earn exemptions towards SOA, IFoA, CIA, and CAS exams, potentially achieving Associateship within a few months after graduation.

Find out what our alumni have to say about the program.

MActSc is a 12-month program with 15 courses and a capstone project over three terms. Beyond classroom learning, the program offers extensive networking opportunities with industry leaders in insurance, reinsurance, finance, and consulting. Site visits to partner companies allow students to meet potential employers and gain practical insights from professionals. This blend of academic training and industry exposure provides students with valuable expertise and problem-solving skills.

Actuarial Science is the mathematics of measuring and managing risks of uncertain future outcomes. An actuary's job is to minimize risk and design mitigation strategies by using statistics, probability, finance, and risk theory to build predictive models and analyze financial impacts. The profession is rewarding, as actuaries play a key role in securing people’s financial lives, influencing government policy, and ensuring ethical data use. They also contribute to managing climate change risks for future generations.

A career as an actuary provides job stability. Both the Government of Canada and the U.S. Bureau of Labor Statistics are predicting an increase in the demand for actuaries throughout the next decade. Actuaries are also well compensated. Experienced fellows have the potential to earn $150,000 to $250,000 annually, and many actuaries earn more than that.