Bachelor of Commerce(Hons) in Actuarial Mathematics
- University of Manitoba
- Actuarial Mathematics
- Bachelors
- Business & Management
- Public
- Canada
The Bachelor of Commerce (Honours) in Actuarial Mathematics at the University of Manitoba is a specialized program that focuses on applying mathematical and statistical methods to assess financial risks, particularly in insurance and finance. This program covers topics such as probability, financial mathematics, and risk management, preparing students for careers as actuaries or in related fields. Its importance lies in its role in helping organizations make informed decisions about risk, ensuring financial stability and sustainability. By training skilled professionals who can analyze and mitigate risks, the program contributes to the overall health of financial markets and helps protect individuals and businesses worldwide.
| Category | Details |
|---|---|
| Time | Full time |
| Campus | Fortgary |
| Duration | 4 Years |
| Deadline-Date | 01-March, |
| Fee Per Year | $23,600.00 |
| Application Fee | CAD 120 |
| Currency | CAD$ |
| Intake Link | https://umanitoba.ca/admissions/apply-um |
| Deadline Link | https://umanitoba.ca/admissions/apply-um |
| Intakes | September |
| Program language requirement |
Who can Choose this program?
You usually need a solid background in mathematics and statistics to pursue a Bachelor of Commerce (Hons) in Actuarial Mathematics. A high school diploma or its equivalent, together with advanced math and statistics coursework, is typically required by universities.
Additional Information
| Category | Details |
|---|---|
| Scope of the program | A specialized degree program called the Bachelor of Commerce (Hons) in Actuarial Mathematics gives students the information and abilities needed to evaluate financial risk in the finance and insurance sectors. Actuaries assess investment plans, manage risk, and compute insurance premiums using their mathematical expertise. Graduates in Actuarial Mathematics with a BCom (Hons) can work as financial advisors, risk managers, actuarial analysts, and price analysts, among other positions. Government organizations, insurance companies, investment firms, or consulting firms might employ them. Actuaries can rise to positions of senior management or become independent consultants with experience and advanced qualifications. |
| Program entry requirement | Intermediate Certificate or Higher Secondary School Certificate |
| Required GPA | Grade Point Average (DGPA) of 2.00 with a minimum grade of ÒCÓ in all Faculty-required courses. |
| GRE Required | N/A |
| GMAT Required | N/A |
| Application Process | 1. Register for an Online Application: To start your application, create an account on the universityÕs application portal. This will give you access to the online application form. 2. Start the Application Process: Once registered, start filling out the online application form. The process is simple. 3. Complete the Application Form: Fill out the form with proper and complete information about your academic background, personal details, and program preferences. This will help them to better understand your qualifications. 4. Upload Required Documents: Use the portal to submit the necessary documents online, which may include: ¥ Official Transcripts: Submit official transcripts from any institutions you have attended. ¥ Standardized Test Scores: If applicable, upload your English language test score reports. ¥ CV or Resume: Provide an up-to-date CV or resume that highlights your educational and professional experience. ¥ Statement of Purpose: Write a statement detailing your goals for the program, research interests, and reasons for applying. ¥ Letters of Recommendation: Arrange for two recommenders to submit letters of recommendation through the portal, based on their knowledge of your academic capabilities. |
| Available Scholarships | https://studyabroadupdates.com/scholarships/ |
| Program accreditation | N/A |
| Living expenses | Student residences: 250 Ð 625 CAD/month. University-arranged homestays: 400 Ð 800 CAD/month. Rent & share an apartment: 300 Ð 700 CAD/month, prices for rent depend on location and facilities. If you choose to rent a studio/one-room apartment, you can pay over 1,000 CAD/month. |
| Visa Process Details | 1. Completed application form (IMM 1294). 2. Acceptance letter from the university. 3. Proof of funds showing you can cover your living expenses and tuition fees. 4. Bank statements. 5. Educational documents or evidence of sponsorship (if applicable). 6. Medical examination report from a doctor authorized by immigration. 7. Police clearance certificates from your country of birth and from any other countries where you have lived for six months or more in the past five years. 8. Passport-sized photographs. 9. Payment for the study permit application fee (currently 150 CAD). 10. Custodian Declaration (IMM 5646) (if applicable), required if you are a minor, must be signed by your custodian in Canada. |
| Part timework | You can only work 20 hours a week as a student with a study permit during a regular academic semester. During planned breaks, such as summer or winter holidays, you can work 40 hours a week. |
| Post-study work opportunity | Depending on the length of the course, a post-study work permit in Canada allows you to remain in the country after finishing your studies for a maximum of three years. After graduating, those who wish to pursue further education can apply for a visa and study in Canada. |
Frequently Asked Questions
