Actuarial Science Program

New Courses

Here are descriptions of the new courses that are now offered.

ACSC/STAT 3750: Credibility Theory May be offered in future.

ACSC/STAT 3720: Life Contingencies I was first offered in Winter 2015.

ACSC/STAT 4720: Life Contingencies II was first offered in Fall 2015.

ACSC/STAT 3703: Actuarial Models I was first offered in Winter 2015.

ACSC/STAT 4703: Actuarial Models II was first offered in Fall 2015.

Major and Honours Requirements

The requirements and information described below are for information purposes only. I believe they are correct at time of writing, but may not be kept up-to-date in future. The undergraduate calendar is the definitive source for degree requirements. In the case of any discrepancy between the information here and in the calendar, the calendar should be taken as correct.

The requirements for Actuarial Science changed in September 2018. According to university regulations, students have the option of completing the requirements from the calendar for the year in which they started at Dalhousie, provided they complete their degree within 10 years. This means that if you started at Dalhousie before the FALL term 2018, then you have the option to complete either the old requirements or the new requirements. However, part of the reason for the change was that the courses CSCI 1101 and CSCI 1102 have been discontinued, while the course MATH 2030 has been moved to MATH 1030. This means that if you have not already completed these three courses, it will not be possible to complete the old requirements, and you will need to complete the new requirements. Even if you are able to complete the old requirements, the course STAT 2450 is highly recommended, as it covers material for the new SoA exam SRM "Statistics for Risk Modeling".

Old Requirements

The following are the required courses for the Major and Honours programs:

1000 level:
  • MATH 1000 & MATH 1010 or MATH 1215 & MATH 1010 or MATH 1500X/Y
  • STAT 1060
  • CSCI 1100
  • CSCI 1101
  • ECON 1101
  • ECON 1102
  • 2000 level:
  • MATH 2001
  • MATH 2002
  • MATH 2030
  • MATH 2040 or MATH 2135
  • STAT 2060
  • STAT 2080
  • MATH/STAT 2600
  • 3000 level:
  • STAT 3340
  • STAT 3360
  • STAT 3460
  • ACSC/STAT 3703
  • ACSC/STAT 3720
  • 4000 level:
  • STAT 4390
  • ACSC/STAT 4703
  • ACSC/STAT 4720
  • For honours, and additional 3 credit hours of Actuarial Science electives at or above the 3000 level, and a further additional 3 credit hours of Actuarial Science electives at or above the 2000 level are required. Also the honours thesis in Actuarial Science, course ACSC 4950 is required.

    The following courses can be counted as Actuarial Science electives:

  • MATH 2120
  • MATH 3900
  • STAT 4100
  • STAT 4370
  • To help with planning your degree program, the required courses are shown in the diagram below with suggested terms and prerequisites indicated:
    MATH/STAT courses for actuaries
  • Courses in blue and magenta (with a double border) are required for the major and honours degrees.
  • Courses in magenta are available only in the term indicated (FALL or WINTER). You will need to plan carefully to ensure all the prerequisites are completed in time to take these courses.
  • Courses in red (with a rounded border) are electives for Honours students. (Some double major students also need to choose electives to obtain the necessary number of credits if there is an overlap between Actuarial Science requirements and the requirements for the other major.)
  • New Requirements

    We are changing our curriculum in the 2018-2019 year. These changes partly reflect changes to the Society of Actuaries requirements (see below), and partly reflect changes in other programs. Following university rules, you have the option to graduate following the requirements in the calendar at the time you first came to Dalhousie (provided you graduate within 10 years of this time). However, since the new requirements are meant to better reflect what you need to know to obtain Society of Actuaries qualification, you may prefer to follow the new requirements.

    The following changes are being made in the 2018-2019 academic year:

  • MATH 2030 is being moved to the MATH 1030.
  • CSCI 1100 and CSCI 1101 are no longer being offered by Computer Science, so will no longer be required.
  • STAT 2450 is now a required course
  • The full new requirements are therefore:

    1000 level:
  • MATH 1000 & MATH 1010 or MATH 1215 & MATH 1010 or MATH 1500X/Y
  • MATH 1030
  • STAT 1060
  • ECON 1101
  • ECON 1102
  • 2000 level:
  • MATH 2001
  • MATH 2002
  • MATH 2040 or MATH 2135
  • STAT 2060
  • STAT 2080
  • STAT 2450
  • MATH/STAT 2600
  • 3000 level:
  • STAT 3340
  • STAT 3360
  • STAT 3460
  • ACSC/STAT 3703
  • ACSC/STAT 3720
  • 4000 level:
  • STAT 4390
  • ACSC/STAT 4703
  • ACSC/STAT 4720
  • For honours, and additional 3 credit hours of Actuarial Science electives at or above the 3000 level, and a further additional 3 credit hours of Actuarial Science electives at or above the 2000 level are required. Also the honours thesis in Actuarial Science, course ACSC 4950 is required.

    The following courses can be counted as Actuarial Science electives:

  • MATH 2120
  • MATH 3900
  • STAT 4100
  • STAT 4370
  • The following diagram shows the new requirements and their dependencies (required courses only):

    MATH/STAT courses for actuaries
  • Courses in blue and magenta (with a double border) are required for the major and honours degrees.
  • Courses in magenta are available only in the term indicated (FALL or WINTER). You will need to plan carefully to ensure all the prerequisites are completed in time to take these courses.
  • Courses in red (with a rounded border) are electives for Honours students. (Some double major students also need to choose electives to obtain the necessary number of credits if there is an overlap between Actuarial Science requirements and the requirements for the other major.)
  • Society of Actuaries Examinations

    In order to become a qualified actuary, you need to pass examinations by either the Society of Actuaries or the Casualty Actuarial Society. A number of courses at Dalhousie cover the material in these examinations. There is also a component of the actuarial examinations called VEE which can be satisfied by passing courses at Dalhousie. Details of the courses that are relevant to the Society of Actuaries exams (from July 2018 - if you have already passed exams, look on the Society of Actuaries website to see how the credits transition) are as follows:

    ComponentRelevant Courses
    VEE Mathematical Statistics
  • STAT 3460 Intermediate Statistical Theory
  • VEE Economics
  • ECON 1101 Principles of Microeconomics
  • ECON 1102 Principles of Macroeconomics
  • VEE Accounting and Finance
  • COMM 2202 Finance I
  • COMM 2203 Finance II
  • Exam FM
  • MATH/STAT 2600 Theory of Interest
  • Exam P
  • MATH/STAT 3360 Probability
  • Exam IFM
  • MATH 3900 Financial Mathematics
  • Exam LTAM
  • ACSC/STAT 3720 Life Contingencies I
  • ACSC/STAT 4720 Life Contingencies II
  • Exam STAM
  • MATH/STAT 3703 Actuarial Models I
  • ACSC/STAT 4703 Actuarial Models II
  • Exam SRM
  • STAT 2450 Introduction to Data Mining with R
  • STAT 3340 Regression and Analysis of Variance
  • STAT 4390 Time Series Analysis
  • Exam PA

    No specific courses at present. We are aiming to develop a course to help with this once it becomes clear what is required.

    Certificate in Actuarial Science and/or Financial Mathematics

    The Department of Mathematics and Statistics offers a Certificate in Actuarial Science and/or Financial Mathematics. The certificate will be changed, starting in 2014/2015 to incorporate the new actuarial science courses offered. However, the requirements for the Financial Option are the same as the current requirements, so if you have already completed the requirements for the current version, you will still be eligible to receive the certificate if you graduate in the 2014/2015 academic year. The full calendar entry for the certificate is listed below:

    Certificate in Actuarial Science and/or Financial Mathematics

    This program addresses many of the learning objectives and fundamental mathematical and statistical skills required to complete the classes (and examinations) of the Society of Actuaries accreditation program. Students who are interested in a career in actuarial science should consult the Basic Education Catalogue on the Society of Actuaries web page (www.soa.org) or the Syllabus of Basic Education on the Casualty Actuaries web site (www.casact.org). This program also prepares students for employment in general financial institutions where modeling, quantitative risk analysis, management of investment instruments, asset and liability management, life contingencies and insurance assessment, and other complex financial calculations are required. You must register your intent to complete the requirements with the department before graduation. The requirements are:

    1. Completion of the 20 Credit Major or Honours program in Mathematics and/or Statistics.
    2. Completion of the following mathematics classes: MATH 1000, MATH 1010, MATH 1030, MATH 2001, MATH 2002, MATH 2600
    3. Completion of the following four statistics classes: STAT 2060, STAT 2080, STAT 3340 and STAT 3360.
    4. Completion of Either:
      • Financial Option:
        • MATH 2120, MATH 3300 and MATH 3900;
      • Or
      • Actuarial Option:
        • STAT 3703, STAT 3720, and STAT 4390.

    Courses for the VEE credits in Economics and Corporate Finance

    To qualify as an actuary, you will need to obtain VEE credits in both Economics and Corporate Finance. The following diagram shows how you can do this at Dalhousie

    Other VEE courses for actuaries
  • Courses with green text can be used to obtain VEE credit from the Society of Actuaries.
  • If you are unable to fit the VEE credit for Corporate finance into your program, check here for alternative ways to fulfil this credit.