University of Prince Edward Island

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Actuarial Science

University of Prince Edward Island

Faculty:Faculty of Science
Degree:Bachelor; Co-op
Field of Study:Actuarial Science
Length:4 Year(s)
Cost per year:*
Provincial: $6,570
National: $6,570
International: $14,274
Careers:Insurance Adjustors and Claims ExaminersMathematicians, Statisticians and ActuariesActuaries

Description:

Actuarial Science is the study of risk, usually risk associated with insurance, pension, and investment plans. An actuary is a professional who practices this science. Actuarial Science uses techniques from mathematics, statistics, business, economics, and finance.

The Bachelor of Science with a Major in Actuarial Science prepares students to write the early exams required to become an Actuary. Actuaries are in demand as professionals who develop solutions for complex financial issues, and have excellent career opportunities following graduation as well as excellent co-op work opportunities during their studies. We offer the only complete actuarial degree in Atlantic Canada. The unemployment rate for actuaries in Canada is 0%, and the mid-career average salary is near $100,000.

Prerequisites:

Grade for Entrance Previous Year (%)*70
These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.
  •  Grade12 English 
  •  Grade12 Mathematics 
  • 2 of  Grade12 Science 
Applicants are required to have successful completion of Grade 12 examinations in a University Preparatory Program with an overall average of at least 70% (75% for Quebec Secondary V students) in the following subjects: Grade 12 Academic English, Grade 12 Academic Mathematics, two Grade 12 Academic Science subjects (acceptable subjects: Chemistry, Biology, Physics, Computer Science, Oceanography, Animal Science, Environmental Science), and one additional Grade 12 Academic course.
Test Scores:
  • International English Language Testing System (academic or immigration) [min. 6.5] or Test of English as a Foreign Language (Internet Based) [min. 80] or CanTEST [min. 4.5] or Test of English as a Foreign Language (Paper Based) [min. 550+5.5]
Application Notes : The language of instruction at the University of Prince Edward Island is English. All academically admissible applicants, regardless of their country of origin or citizenship status, are required to demonstrate proficiency in the English language prior to undertaking studies at the University of Prince Edward Island. Proficiency may be demonstrated by: 1. Three years of full-time study in English in Canada or in another country where English is a principal language (as recognized by UPEI) - evidence of bilingualism (English and another language) is acceptable for those applicants educated in Canada in a language other than English; OR 2. Submission of an official test score at or above the acceptable minimum, such as: IELTS (Academic) - overall score of 6.5 with 6.5 in writing no other band below 6; TOEFL paper-based test - 550 with minimum TWE of 5.5; TOEFL internet-based test - 80 with minimum of 20 in each category; MELAB - 80; CanTEST - 4.5; CAEL - 60; Pearson Test of English - 58; Cambridge Advanced English - CAE A-C: 176-184 after Jan 1/15; or Eiken - Pre-1.

* 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.

Modified on July 27, 2022