M.Sc. in Actuarial Science

The Actuarial Science M.Sc. program offers exposure to a range of advanced actuarial topics and techniques. The program combines training in fundamental statistical methods and their applications in actuarial science, a project in the application or development of actuarial methodology, and the possibility of gaining work experience and course credit through the co-operative education program. The M.Sc. program prepares students for careers as actuaries in industry, government, consulting, and research organizations. In addition, graduates have the foundational training to continue on to Ph.D. studies.

Our faculty members in actuarial science produce internationally recognized research. For example, according to the actuarial research ranking system developed by the University of Nebraska at Lincoln, SFU currently is ranked in second place in North America and in fourth place worldwide in the category of "Non-Business School Actuarial Science Rankings" for four leading actuarial journals. As a graduate student, you will have the opportunity to be mentored by these talented individuals.


The Actuarial Science M.Sc. program requires a total of 36 units, consisting of a 6-unit project and a further 30 units of course work, of which at least 24 must be at the graduate level. Students who have completed the undergraduate Actuarial Science major or honours program at SFU or have received approval of the Graduate Chair based on an equivalent program are required to complete 24 graduate course units plus 6 project units for a total of 30 units in total.

Formal course and other requirements are described in the SFU Calendar. Please note that the curriculum of the M.Sc program in Actuarial Science is under review: three new courses are expected to replace ACMA 820, 821, and 822 effective Fall 2021. These new courses will focus on  stochastic processes in insurance and finance, advanced actuarial models, and actuarial risk management.  The other program requirements are expected to remain the same.  

See our information for current students for details about the program requirements and courses.


Students with a good undergraduate background in actuarial science will normally complete the course work in four terms or fewer. The project, including the defense, is expected to require up to two terms, including terms in which students are completing course requirements. Students with backgrounds in other disciplines or with an inadequate background in actuarial science may be required to complete certain undergraduate courses in the department in addition to the formal calendar requirements.

Students in their first two semesters do not have permission to accept a co-op position; however, they are encouraged to apply for co-op placements for their first Summer semester or beyond.