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University of Calgary


Name of actuarial science programs

  • BSc Major in Actuarial Science
  • BSc Honors in Actuarial Science
  • BComm/BSc (Actuarial Science) double degree


The Actuarial Science Program prepares a student for a career as an actuarial professional. Actuarial practitioners, also known as actuaries, have been described as financial architects and social mathematicians.

Broadly speaking, actuaries forecast the cost of future risks and improve financial decision making by developing models to evaluate the current financial implications of uncertain future events. Actuarial students learn about advanced mathematical and statistical techniques useful for this purpose, but also study topics like actuarial mathematics, demography, economics, marketing, mathematics of investment and finance, pension mathematics, risk management and insurance, and accounting.

By its very nature, the Actuarial Science Program is interdisciplinary and the skill sets developed by an actuarial student are applicable in many business settings and are in high demand.

Most graduates find employment in one of the fields of insurance, employee benefits, pension and management consulting, or banking and finance, and have the option of switching fields during their career.

Mandatory Courses for recognized degree

For a degree to be recognized by the CIA, a student must successfully complete the following mandatory courses:

Course number Course title
STAT 321 Introduction to Probability
ACSC 325 Theory of interest/Mathematics of finance
ECON 201 Microeconomics
ECON 203 Macroeconomics
ACSC 425 Intermediate topics Finance & Investments
ACSC 515 Models for Financial Economics
ACSC  327 Life contingencies 1
ACSC  427 Life contingencies 2
ACSC 527 Life contingencies 3
ACSC 437 Actuarial Models
ACSC 531 Loss distributions and their estimation
ACSC 537 Credibility Theory
ACSC 511 Generalized Linear Models for Actuaries
STAT 429 Linear Models and Their Applications
ACSC 513 Fundamentals of Actuarial Practice
STAT 517 Practice of Statistics
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