Actuarial Science Simon Fraser University

Overview

The Actuarial Science M.Sc. at Simon Fraser University provides students with a rigorous academic foundation in risk assessment and financial mathematics. This programme is designed to bridge the gap between theoretical statistical methods and their practical implementation within the global insurance and finance sectors. Students benefit from a curriculum that balances intensive coursework with a significant research project.

Why Actuarial Science at Simon Fraser University?

The university is home to a department that achieves exceptional global recognition for its research output. According to international rankings, the institution is positioned second in North America and third worldwide for actuarial research within non-business school categories. Students are mentored by world-class faculty members who contribute regularly to leading journals in the field.

Beyond academic excellence, the programme offers a robust co-operative education option. This allows participants to gain professional work experience and earn course credits simultaneously, enhancing their employability. The department also provides dedicated resources, including a statistics workshop and access to the Canadian Statistical Sciences Institute, to support graduate success.

Tuition Fee Breakdown

• International fee: CAD 2150 per semester
• National fee: CAD 2150 per semester

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum requires the completion of 36 units, including a mandatory 6-unit research project. Students engage with advanced topics in probability and financial modelling. Modules may include:

• Actuarial Science
• Statistical Methods
• Actuarial Methodology
• Statistical Applications
• Research Project
• Co-operative Education

Careers with Actuarial Science

Graduates are highly sought after for their technical expertise in managing financial uncertainty and risk. The programme successfully prepares individuals for diverse careers as actuaries within the private and public sectors. Common employment destinations include major insurance providers, government agencies, and international consulting firms.

In addition to immediate professional roles, the M.Sc. provides the essential foundational training required for those wishing to pursue a Ph.D. and a career in academic research. The combination of practical co-op experience and theoretical depth ensures that alumni are equipped for leadership positions in industry, government, and research organisations.