University of Waterloo - Graduate Studies

Actuarial Science - Master of Actuarial Science (MActSc)

University of Waterloo - Graduate Studies

Faculty:Statistics and Actuarial Science
Degree:Master
Field of Study:Actuarial Science
Course Based:Yes
Length:12 Month(s)
Cost per year:*
Provincial: $35,451
National: $39,081

Cost is an approximation for the entire program.



Careers:Mathematicians, Statisticians and ActuariesActuaries

Description:

Fast-track your career in actuarial science with the Master of Actuarial Science (MActSc) program. Take your quantitative background and get the skill and knowledge to be a professional actuary. 

The only program in North America that’s accredited by both the Canadian Institute of Actuaries (CIA) and the Institute and Faculty of Actuaries (IFoA), it has also been designated as a Centre of Actuarial Excellence by the Society of Actuaries (SOA). These credentials will open doors for you to work around the world. Additionally, the exam exemptions you receive by completing the program can substantially reduce the time to becoming an accredited actuary. 

In the program, you will complete an industry project in your third term that provides valuable hands-on learning experience and insight into what being an actuary is like in a real workplace setting. You will also have the opportunity to meet with potential employers prior to graduating through facilitated site visits with local companies, as well as plenty of networking opportunities with our Advisory Board members that come from Canada Life, Deloitte, Equitable Life, Fairfax Financial, Foresters, Manulife, Moody’s Analytics, Munich Re, Securian, Sun Life, and Willis Towers Watson. 

Prerequisites:

Grade for Entrance Previous Year (%)*83
These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.

    A four-year honour's bachelor's degree with an overall 83% average from a Canadian university (or its equivalent) is required.

    Additional Admission Requirements:
    • Letter(s) of Reference
    • Resume/Curriculum Vitae
    • Statement of Research Interests

    Transcripts and program-specific questions are also required. An interview and diagnostic test may be required.

    * The entrance grade may change from year to year. Please contact the school for further information.

    * We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.

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    Modified on September 09, 2025

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