- HBA · 4 years
- Work experience details
- ~High 80s to low 90s
Actuarial Mathematics
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3–4 years
Co-op option
Work experience
Co-op places students with insurance companies or consulting firms as actuarial assistants and analysts.
University work-study informationA− overall and in mathematics. BSc also requires A− in science.
Published threshold
Published eligibility threshold: A− overall and in mathematics. BSc also requires A− in science.. Published guidance checked November 2026. Published high-school minimum. The BA and BSc have separate prerequisite lists.
Concordia · Actuarial Mathematics admission minimums
Deadlines
March 2027
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Next deadline
Full-time regular-session application, calendar deadline
2027–28 full-time regular session · Undergraduate full-time regular session. Exact program and applicant-category conditions still apply.
The university calendar prints this general date. Check the chosen program and applicant-category deadline for any earlier requirement; this is not a guarantee of program availability.
Other deadline details
March 1Application deadline, fall (September) entryRecurring annual · Every year
- March 1
- Page adds: "Programs may close at any point after the official deadline without warning."
- International and U.S. applicants are told to apply no later than February 1 for immigration processing
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Dates and conditionsFALL ENTRY (September)Standing annual entry · Every year
- Applicants in the named entry term
- international guidance is separately stated
- Deadline: March 1 U.S. and international applicants: Apply no later than February 1 to allow time for immigration document processing. However, applying earlier is strongly recommended . Immigration processing times vary by country, and delays could prevent you from starting your studies on time.
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Requirements
Admission requirements
High-school prerequisites
Check the university’s requirements for your province and applicant category.
Concordia University programme admission criteriaApplication steps
Step 1Check the admission requirements
- Check the published entry route for your applicant category.
Step 2Apply through Concordia admissions
Step 3Academic records, then final official transcripts after an offer
- Unofficial documents can be used when applying. Accepted applicants must provide final official records after completing school and before classes begin. Fall applicants studying the Ontario curriculum can include their OUAC number for electronic transfer; otherwise follow your offer's issuer or sealed-envelope instructions.
Step 4Translation for records outside English or French
- Provide an English or French translation prepared by the school or a certified translator, together with a copy of the original document.
Applicant pathways
Minimum cut-off averages and course requirements
Applicants in each explicitly named curriculum or transfer category
- Quebec CEGEP: 28 overall, 30 math and science Admission is based on the CRC requirements indicated above and completion of the following classes as part of their DEC: Calculus 1, Calculus 2, Linear Algebra; Mechanics, Electricity and Magnetism and Wave, Optics and Modern Physics; General Chemistry and Chemistry of Solutions; General Biology (OR Cellular Biology AND Ecology and Evolution) Additional information for CEGEP applicants
- High School: A- overall, A- math and science Canadian curricula course requirements Accepted international qualifications One math from Pre-Calculus, Calculus, or equivalent Two sciences (from Biology, Chemistry or Physics) ACT or SAT is not required AP exams are not required but may qualify you for advanced standing
- International Baccalaureate (IB) diploma: 33 overall, 5 HL or 6 SL math, 6 science one math (Applications and Interpretations HL, Analysis and Approaches HL or Analysis and Approaches SL) one science (Physics, Chemistry or Biology, either SL or HL) one of the math or science courses must be completed at the HL level
- International Baccalaureate Career-related Programme (CP): 5.5/7 overall, 5 HL or 6 SL math, 6 science one math (Applications and Interpretations HL, Analysis and Approaches HL or Analysis and Approaches SL) one science (Physics, Chemistry or Biology, either SL or HL) one of the math or science courses must be completed at the HL level Additional Career-related Programme (CP) course requirements
- Baccalauréat français: 15 overall, 15 math and science Première: Spécialité mathématiques and Spécialité physique-chimie Terminale: Spécialité mathématiques (also accepted, Spécialité Physique-Chimie and Mathématiques Complémentaires) Additional information for Baccalauréat français applicants
- British system of education (GCE): A-levels: At least two A-level exams AB, A in math, A in science or AS-levels: At least 4 AS-level exams with equivalent results or BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results Students without math or science A-levels may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application. Additional information for British System of Education (GCE) applicants
- University Transfers (internal/external): B+ overall, A- math and science Courses in the disciplines of Calculus, Linear Algebra, Biology, Chemistry and Physics
- Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.
Minimum cut-off averages and course requirements
Applicants in each explicitly named curriculum or transfer category
- Quebec Cegep: 28 overall, 30 math Linear Algebra; Calculus 1 & 2 Additional information for Cegep applicants
- High School: A- overall, A- math Canadian curricula course requirements Accepted international qualifications One math from Pre-Calculus, Calculus, or equivalent ACT or SAT is not required AP exams are not required but may you qualify for advanced standing
- International Baccalaureate (IB) diploma: 33 overall, 5 HL or 6 SL math one math (Applications and Interpretations HL, Analysis and Approaches HL or Analysis and Approaches SL)
- International Baccalaureate Career-related Programme (CP): 5.5/7 overall, 5 HL or 6 SL math one math (Applications and Interpretations HL, Analysis and Approaches HL or Analysis and Approaches SL) Additional Career-related Programme (CP) course requirements
- Baccalauréat français: 15 overall, 15 math Première: Spécialité mathématiques Additional information for Baccalauréat français applicants
- British system of education (GCE): A-levels: At least two A-level exams AB, A in math or AS-levels: At least 4 AS-level exams with equivalent results or BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results Students without a math A-level may be admissible based on AS-level or iGCSE/GCSE/O-Level exam results. Students should include all their exam results from iGCSE (or equivalent) onwards to support their application. Additional information for British System of Education (GCE) applicants
- University Transfers (internal/external): B+ overall, A- math Courses in the disciplines of Calculus and Linear Algebra
- Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.
Degree requirements
Credits and degree requirements
- 24 credits:
- MAST 218 Multivariable Calculus I ( 3.00 )
- MAST 219 Multivariable Calculus II ( 3.00 )
- MATH 251 Linear Algebra I ( 3.00 )
- MATH 252 Linear Algebra II ( 3.00 )
- MATH 364 Analysis I ( 3.00 )
- STAT 249 Probability I ( 3.00 )
- STAT 250 Statistics ( 3.00 )
- STAT 280 Introduction to Statistical Programming ( 3.00 )
- 33 credits:
- ACTU 256 Mathematics of Finance ( 3.00 )
- ACTU 257 Actuarial Mathematics I ( 3.00 )
- ACTU 357 Actuarial Mathematics II ( 3.00 )
- ACTU 457 Risk Theory ( 3.00 )
- ACTU 458 Credibility Theory ( 3.00 )
- ACTU 459 Loss Distributions ( 3.00 )
- MACF 301 Introduction to Quantitative Finance ( 3.00 )
- STAT 349 Probability II ( 3.00 )
- STAT 360 Linear Models ( 3.00 )
- STAT 460 Time Series and Forecasting ( 3.00 )
- STAT 461 Statistical Simulation ( 3.00 )
- 3 credits chosen from:
- ACTU 286 Actuarial Mathematics Lab I ( 1.00 )
- ACTU 386 Actuarial Mathematics Lab II ( 2.00 )
- ACTU 486 Actuarial Mathematics Lab III ( 2.00 )
- MAST 334 Numerical Analysis ( 3.00 )
- MATH 365 Analysis II ( 3.00 )
- STAT 287 Statistics Lab I ( 1.00 )
- STAT 380 Statistical Learning ( 3.00 ) Note: MATH 365 is recommended for students interested in pursuing a graduate degree in Actuarial Mathematics or a related discipline.
- Honours: 66 credits, including the 6-credit ACTU 493 project. Students enter the Specialization and may normally apply to Honours after 30 Concordia credits.
ReferencesConcordia 2026–27 Actuarial Mathematics Specialization requirementsCONCORDIA complete current official course definitionConcordia 2026–27 Actuarial Mathematics Specialization sample sequenceConcordia Mathematics and Statistics department sample sequence indexConcordia 2026–27 Actuarial Mathematics Honours requirementsConcordia Actuarial Mathematics entry and internal Honours route
Required courses and electives
- Specialization: 60 credits, comprising 57 required credits and 3 approved elective credits.
ReferencesConcordia 2026–27 Actuarial Mathematics Specialization requirementsCONCORDIA complete current official course definitionConcordia 2026–27 Actuarial Mathematics Specialization sample sequenceConcordia Mathematics and Statistics department sample sequence indexConcordia 2026–27 Actuarial Mathematics Honours requirementsConcordia Actuarial Mathematics entry and internal Honours route
Program facts
Published thresholdA− overall and in mathematics. BSc also requires A− in science.
Published high-school minimum. The BA and BSc have separate prerequisite lists.
Concordia · Actuarial Mathematics admission minimumsCo-opCo-op option
Co-op places students with insurance companies or consulting firms as actuarial assistants and analysts.
University work-study informationCourses
Current 2026/27 degree core, named alternatives and elective course banks. Individual credit values are printed by the calendar. Elective/route menus are choices, not all mandatory courses. Concordia’s 2026–27 Specialization sample covers six terms and the 57 required credits. Choose another 3 credits from the approved list. Honours is an internal option.
Term 15 listed
Required courses in the department’s sample sequence.
ACTU 256Mathematics of Finance3 creditsThis course is an introduction to interest theory and provides an understanding of the fundamental concepts of financial mathematics used in valuing cash flows, investment income and asset/liability management. In this course, students examine measurement of interest; annuities and perpetuities; amortization and sinking funds; rates of return; bonds and related securities. Further special topics may be explored.
Published notes: Students who have received credit for MAST 335 may not take this course for credit.
CONCORDIA complete current official course definition
MATH 251Linear Algebra I3 creditsThis course is an introduction to vector spaces and linear transformations. The following topics are treated with mathematical rigour: matrices and linear equations; vector spaces; bases, dimension and rank; linear mappings and algebra of linear operators; matrix representation of linear operators; determinants; eigenvalues and eigenvectors; diagonalization.
Published notes: Students who have received credit for MAST 234 may not take this course for credit.
CONCORDIA complete current official course definition
MAST 218Multivariable Calculus I3 creditsThis is an introductory course in the theory of functions of several variables addressing differential and vector calculus. In this course, students focus on vector geometry; lines and planes; curves in Rn; vector functions; vector differential calculus; functions of several variables, chain rule and implicit differentiation, extrema, classification of extremal values and Lagrange multipliers.
Published notes: Students who have received credit for MATH 264 or ENGR 233 may not take this course for credit.
CONCORDIA complete current official course definition
STAT 249Probability I3 creditsThis course is an introduction to rigorous basis of probability theory. Students learn about the axiomatic approach to probability; combinatorial probability; random sampling and sampling distributions; discrete and continuous distributions; expectation; variances; joint variables and their distributions, conditional distributions, conditional expectation.
Published notes: Students who have received credit for MAST 221 may take STAT 249 for credit only with prior permission of the Department. Students enrolled in a Mathematics and Statistics program who take probability/statistics courses in other departments may not receive credit for this course. Please consult a Mathematics and Statistics undergraduate program advisor. Students who have received credit for COMP 233 or ECON 221 may not take this course for credit.
CONCORDIA complete current official course definition
STAT 280Introduction to Statistical Programming3 creditsThis course is an introduction to statistical programming and computational statistics using the R programming language. Basic programming concepts such as data types, control structures, and algorithms are introduced. The course illustrates data manipulation methods, descriptive analyses, and data visualization tools. The use of linear algebra, statistical simulation, and optimization functions is also illustrated. Applications and examples use real data sets.
Published notes: Students who have received credit for GEOG 264 may not take this course for credit.
CONCORDIA complete current official course definition
Term 24 listed
Required courses in the department’s sample sequence.
ACTU 257Actuarial Mathematics I3 creditsThis course introduces students to the mathematical models for present values of claims contingent on some event, e.g. survival (Life) or sickness (Health). In this course, students examine measurement of mortality; pure endowments; life insurance; net single premiums; life annuities; and net annual premiums. Further special topics may be explored.
CONCORDIA complete current official course definition- MATH 252Linear Algebra II3 credits
This course continues the study of vector spaces and linear transformations, with mathematical rigour. Topics may include characteristic and minimum polynomials; invariant subspaces, invariant direct sums; cyclic subspaces; rational canonical form; bilinear and quadratic forms; inner product; orthogonality; adjoint operators and orthogonal operators; Jordan canonical form.
Published notes: Students who have received credit for MAST 235 may not take this course for credit.
CONCORDIA complete current official course definition - MAST 219Multivariable Calculus II3 credits
This course is a continuation of the theory of functions of several variables from MAST 218. In this course, students learn about the theory of integration of such functions and the applications of multiple integrals to physics. Topics include vector integral calculus; line and surface integrals; fundamental theorem of line integrals; Green’s, Stokes’ and Gauss’ theorems and Gauss' law; change of integration variables in multiple integrals and Jacobians; applications to multivariate random variables.
Published notes: Students who have received credit for MATH 265 or ENGR 233 may not take this course for credit.
CONCORDIA complete current official course definition - STAT 250Statistics3 credits
This course is an introduction to the theoretical basis of core statistics topics. Topics include point and interval estimation; hypothesis testing; likelihood function; Neyman Pearson Lemma and likelihood ratio tests.
Published notes: Students enrolled in a Mathematics and Statistics program who take probability/statistics courses in other departments may not receive credit for this course. Please consult a Mathematics and Statistics undergraduate program advisor.
CONCORDIA complete current official course definition
Term 33 listed
Required courses in the department’s sample sequence.
- ACTU 357Actuarial Mathematics II3 credits
This course is a continuation of ACTU 257 , and considers pricing of more complicated life insurance products. Students examine net level premium reserves; multiple life functions; multiple decrements, and the expense factor. Further special topics may be explored.
CONCORDIA complete current official course definition - MACF 301Introduction to Quantitative Finance3 credits
This course is an introduction to topics related to quantitative finance. Topics may include: financial derivatives, binomial option pricing models, Black-Scholes option pricing model, derivatives risk management, mean-variance portfolio theory, asset pricing models, investment risks, and behavioral finance.
Published notes: Students who have received credit for FINA 385 may not take this course for credit.
CONCORDIA complete current official course definition - STAT 349Probability II3 credits
This course introduces computing probabilities and expectations by conditioning, and Markov chains both in discrete time and continuous time along with their theoretical properties. Specific examples are studied such as random walks, Poisson processes, and birth and death processes. Applications are presented and may include queueing theory, ruin probability calculation, and demographic projections.
Published notes: Students who have received credit for MAST 223 may not take this course for credit.
CONCORDIA complete current official course definition
Term 43 listed
Required courses in the department’s sample sequence.
- ACTU 457Risk Theory3 credits
This course offers an introduction to classical models and applies them to relevant problems in risk theory, which is a core component of Property-Casualty Insurance mathematics. Students learn about the applications of contingency theory in health insurance, individual and collective risk theory, and ruin theory. Further special topics may be explored.
CONCORDIA complete current official course definition - MATH 364Analysis I3 credits
This course provides an introduction to mathematical analysis in one variable. Topics may include mathematical rigour: proofs and counter-examples, quantifiers; number systems, cardinality; decimal representation, density of the rationals, least upper bound, completeness; sequences of real numbers, limits; continuous functions, differentiability, intermediate value theorems, mean value theorem and Taylor’s formula.
CONCORDIA complete current official course definition - STAT 461Statistical Simulation3 credits
This course is an introduction to the methods of simulation and the Monte Carlo techniques. Additional topics covered may include simulation of Poisson process, simulation of discrete event systems (such as queues, insurance risk model, machine-repair problem), and variance reduction methods.
CONCORDIA complete current official course definition
Term 52 listed
Required courses in the department’s sample sequence.
- ACTU 458Credibility Theory3 credits
This course covers the credibility approach to inference for heterogeneous data; classical, regression and Bayesian models; and illustrates these concepts with insurance data.
CONCORDIA complete current official course definition - STAT 360Linear Models3 credits
This course examines linear models. Topics may include least squares estimators and their properties; general linear model with full rank; analysis of residuals; adequacy of model, lack of fit test, weighted least squares; stepwise regression.
Published notes: Students who have received credit for ECON 222 or PSYC 316 may not take this course for credit.
CONCORDIA complete current official course definition
Term 62 listed
Required courses in the department’s sample sequence.
- ACTU 459Loss Distributions3 credits
Probability model fitting to loss data; estimation and testing under variety of procedures and sampling designs.
CONCORDIA complete current official course definition - STAT 460Time Series and Forecasting3 credits
This course examines the properties and processes of time series models. Topics may include time series, forecasting by trend and irregular components (using multiple regression analysis and exponential smoothing); forecasting seasonal time series, additive and multiplicative decomposition methods, Box‑Jenkins methodology, moving average, autoregressive and mixed models.
CONCORDIA complete current official course definition
Approved elective choices3 credits7 listed
Choose a total of 3 credits from these courses.
ACTU 286Actuarial Mathematics Lab I1 creditsThis lab features problem‑solving sessions for the professional examination on financial mathematics of the Society of Actuaries and the Casualty Actuarial Society.
CONCORDIA complete current official course definition- ACTU 386Actuarial Mathematics Lab II2 credits
In this lab, students use programming languages and software applications specific to the pension and insurance industry. Students learn how to calculate and apply actuarial concepts and how to communicate their results using the softwares (such as Excel, Access, and Axis) introduced in this course.
CONCORDIA complete current official course definition - ACTU 486Actuarial Mathematics Lab III2 credits
This lab is designed to prepare students for the Actuarial Models examination of the Society of Actuaries and the Casualty Actuarial Society.
CONCORDIA complete current official course definition - MAST 334Numerical Analysis3 credits
In this course, students learn about numerical analysis, an algorithmic approach to finding approximate solutions when exact solutions are impossible or unreasonably complicated. Lying at the intersection of mathematics and computer science, numerical analysis is a key component of computational mathematics. Topics may include analysis of errors involved in computations; floating-point arithmetic; root-finding methods; interpolation theory and function approximation; orthogonal polynomials; numerical integration and quadrature formulas; error analysis of numerical algorithms.
Published notes: Students who have received credit for MATH 354 or COMP 361 may not take this course for credit.
CONCORDIA complete current official course definition - MATH 365Analysis II3 credits
This course continues the study of mathematical analysis with more advanced topics and greater precision. The Riemann integral is defined rigorously. Examples and counter-examples are given. Families of Riemann integrable functions are studied as are improper integrals. Series of real numbers are studied, under the umbrella of absolute and conditional convergence. Important and useful tests for convergence and divergence are studied, including results by Abel and Dirichlet. The regrouping and rearrangement of series are also covered. The work on series of reals is followed by the topic of sequences and series of functions. The fundamental idea of uniform convergence of sequences and series of functions is studied in detail. This leads to the three preservation theorems and their applications to the M-test and to Taylor series. Further special topics may be explored.
CONCORDIA complete current official course definition - STAT 287Statistics Lab I1 credits
This lab is associated with STAT 249 and STAT 250 and features problemsolving sessions for the probability examination of the Society of Actuaries and the Casualty Actuarial Society.
CONCORDIA complete current official course definition - STAT 380Statistical Learning3 credits
This course is an introduction to statistical learning techniques, including supervised and unsupervised learning methods. Supervised learning methods for regression and classification include linear models, variable selection methods, shrinkage, linear and quadratic discriminant, classification and regression trees, K‑nearest neighbours, support vector machines and neural networks. Unsupervised learning methods include clustering approaches and principal component analysis. Some applications to data science are illustrated. Further special topics may be explored.
Published notes: Students who have received credit for COMP 432 or this topic under a STAT 497 number may not take this course for credit.
CONCORDIA complete current official course definition
Honours project6 credits1 listed
For the internal Honours route only. Students enter the Specialization and normally apply to Honours after 30 Concordia credits.
ACTU 493Honours Project in Actuarial Mathematics6 credits
Elective choices
- 3 credits chosen from: • ACTU 286 Actuarial Mathematics Lab I ( 1.00 ) • ACTU 386 Actuarial Mathematics Lab II ( 2.00 ) • ACTU 486 Actuarial Mathematics Lab III ( 2.00 ) • MAST 334 Numerical Analysis ( 3.00 ) • MATH 365 Analysis II ( 3.00 ) • STAT 287 Statistics Lab I ( 1.00 ) • STAT 380 Statistical Learning ( 3.00 ) Note: MATH 365 is recommended for students interested in pursuing a graduate degree in Actuarial Mathematics or a related discipline.
ReferencesConcordia 2026–27 Actuarial Mathematics Specialization requirementsCONCORDIA complete current official course definitionConcordia 2026–27 Actuarial Mathematics Specialization sample sequenceConcordia Mathematics and Statistics department sample sequence indexConcordia 2026–27 Actuarial Mathematics Honours requirementsConcordia Actuarial Mathematics entry and internal Honours route
Careers
Career examples
- Actuarial analyst
- Actuarial assistant
Actuarial consultant- Pension analyst
Health benefits analyst
Published employers
3
Insurance companies- Actuarial consulting firms
- Pension plan administrators
Published employersPublished career information
Professional recognition
Provisionally accredited by the Canadian Institute of Actuaries. Graduates receive exemptions from four preliminary professional exams of the Society of Actuaries and the Casualty Actuarial Society; Concordia is designated a Centre of Actuarial Excellence by the SOA.
AccreditationPublished professional recognition
Costs
Arts and Science
Published tuition
2026–27 · Fall 2026 + winter 2027 · Per credit · CAD
Quebec residents example · Choose your category
Tuition$103.92 / creditStandard tuition · Approved residency and French-study exemptions change rates
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