Actuarial Science
Actuarial Science is the area of mathematics that applies quantitative methods to assess risks in the insurance and finance industries. It became a formal discipline in the late 17th century, when the increased demand for such long-term insurance coverages as life insurances, annuities, and burials expense coverages emerged. Since then and for a long time, actuaries have been interested in studying the present monetary value of future obligations as well as the variability of these present values in the contexts of life and health insurance, property and casualty insurance, pension funds and social wealth-fare programs. Today actuaries are also being employed in the areas of enterprise risk management, and even in general finance and investment.
An actuary is a professional concerned with: the design and administration of insurance policies, pension plans, government welfare plans and similar programs. The main responsibility of actuaries is to ensure that these programs operate on a sound financial basis. To do this, they use many areas of mathematics and statistics, as well as general principles of economics and finance.
In North America, the standard way to become an actuary is to pass the examinations administered by either the Society of Actuaries or the Casualty Actuarial Society.
You can get a Bachelor of Arts Honours (BA Hons) or Bachelor of Arts Specialized Honours (BA Spec. Hons) degree in Actuarial Science. A Certificate in Actuarial Science is also possible.
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Program Details
Offered By
Degrees Offered
Fall Entry
Winter Entry
Summer Entry
Ways to Study
Sample Schedule (First-year)
- Principles of Risk Management
- Micro and Macro Economics
- Calculus and Linear Algebra
- Problems, Conjectures and Proofs
- Writing: Methods and Models
- General Education Course(s)
- Elective
Possible Career Paths
- actuary
- quantitative risk analyst
- financial business analyst
- risk modelling analyst
- data analyst
- data scientist
Viewbooks
Admission Requirements
I am a high-school student I have completed at least one year of full-time study at college or university I have been away from high-school for at least two years I have never studied in a formal academic high-school environment Returning / Reactivating student (previously York) Visiting StudentsBA
- Math 31
BA
- Calculus 12
Minimum Requirements
Required Documents for Preliminary Review
BA
- A maximum of 30 possible transferable credits may be granted for successful completion of the Baccalauréat Général. Please click here, then click “Transfer Credit Requirements” for details.
Minimum Requirements
Required Documents for Preliminary Review
BA
- Minimum overall result of “Bien/Buena/Bueno/Good” on all academic courses.
- Some programs require a higher GPA.
Required Documents for Preliminary Review
BA
- A minimum overall average of 3 out of 7 is required. Higher grades required for certain programs.
- CAPE 2-unit courses, with results of 3 or better, are eligible for transfer credit, up to a maximum of 18 credits. Please click here, then click “Transfer Credit Requirements” for details.
BA
- Calculus 1
- Extra courses will be assessed for transfer credit. Applicants with the DEC may be awarded up to one full year of transfer credit.
Minimum Requirements
Required Documents for Preliminary Review
BA
- Some programs require higher. Please review the requirements for your program below.
- Prerequisite courses should not be below a grade of 4.0 or 70%.
Required Documents for Preliminary Review
BA
Minimum Requirements
Required Documents for Preliminary Review
BA
- GCE A2 examinations with results of "C" or better, are eligible for transfer credit, up to a maximum of 18 credits. Please click here, then click “Transfer Credit Requirements” for details.
Minimum Requirements
Required Documents for Preliminary Review
BA
Required Documents for Preliminary Review
BA
- IB Diploma with passes in six subjects: three passes at the Standard-level and three passes at the Higher-level, or two passes at the Standard-level and four passes at the Higher-level
- Analysis and Approaches higher-level
- Analysis and Approaches standard-level
- Applications and Interpretations higher-level
- Transfer credit is granted for IB courses with Higher-level final grades of 5 or better, to a maximum of 30 credits. Please click here, then click “Transfer Credit Requirements” for details.
- Some programs require a higher average. Please review the requirements for your program below.
- Prerequisite courses should not be below a grade of 55%.
Required Documents for Preliminary Review
BA
- All-India Senior School Certificate (AISSCE)
- Higher Secondary Certificate (HSC)
- Indian School Certificate (ISC)
- Intermediate Examination Certificate
- Pre-University Examination Certificate
BA
BA
- Advanced Math with Intro Calculus 120 or Pre-Calc 12B
BA
- Math 3207 or Calculus 3208
BA
- Calculus 12
BA
- Math 31
BA
- Math 31
BA
- MCV4U
BA
BA
BA
BA
- Math 611B
BA
- Grade 12 Calculus
BA
- Calculus 30
Minimum Requirements
Required Documents for Preliminary Review
BA
- Grade 12 graduation with a minimum overall average of "B" on Grade 11 and Grade 12 academic courses is required to be considered for most programs. Some programs require a higher average. Please review the requirements for your program below.
- SAT or ACT scores are not required for students studying in a recognized accredited US curriculum outside the United States, Puerto Rico or Guam.
- SATs/ACTs are considered in combination with high school grades.
Required Documents for Preliminary Review
For Fall (September) 2021 and Winter (January) 2022 entry, York University will deem the SAT/ACT as optional for students studying in a recognized accredited US curriculum high school in the United States, Puerto Rico or Guam. However, students who have completed a standardized test are encouraged to submit their test scores as it may support your application for competitive programs. SAT/ACT scores must be sent electronically from the College Board directly to York. Please browse the section below for pre-requisites and detailed admission requirements.
Note: An SAT/ACT test will be required from students who are not enrolled in a recognized accredited US curriculum high school in the United States, Puerto Rico or Guam or have not studied in a formal academic high-school environment.
BA
- Senior-level calculus
- AP College Board examinations are eligible for transfer credit, for results of 4 or 5, up to a maximum of 30 credits. Please click here, then click “Transfer Credit Requirements” for details.
Required Documents for Preliminary Review
BA
BA
- Calculus 12
You are required to provide official evidence of academic achievement in secondary education. This can be demonstrated through:
- Final grades under the Ontario curriculum (obtained through correspondence, night school or through TVO)
- Credentials through other curricula, such as results from Advanced Placement (AP) or Advanced-level courses in the General Certificate of Education (GCE). (Students may register to sit for the AP and GCE examinations as private candidates.)
In the absence of final grades in courses:
- You must submit the results of standardized tests such as the Scholastic Aptitude Test (SAT) with a minimum combined total of 1170 on the Critical Reading and Math components or a composite American College Testing (ACT) score of 24.
- Your application will be reviewed by an admissions sub-committee. If admitted, you will not be eligible for entrance scholarships. You will be considered for continuing student scholarships at the end of your first year of study, if you satisfy those criteria.
You may also be required to provide proof of language proficiency. You will be considered for entrance scholarships on the basis of your overall averages in the six 4U/4M (Ontario curriculum) or equivalent courses.