Master in Actuarial Science MActSc

Tuition costs 21,884 CAD per year; applications for the May 2027 intake close on Dec 1, 2026.

The Master in Actuarial Science MActSc is a one-year program for students who have a Bachelor's degree. It's offered at the University of Waterloo in Canada and taught in English. This program helps students develop skills in actuarial science.

The curriculum includes subjects like probability, statistics, and finance. Students learn to analyze data and develop models to help insurance companies make informed decisions. They also get hands-on experience with industry-standard software.

Graduates can work as Actuarial Analysts, Risk Managers, Insurance Underwriters, or Pension Consultants. They can find jobs at insurance companies, banks, or government agencies.

The University of Waterloo, founded in 1957 in Ontario, is a leading public research university known for excellence in engineering, mathematics, computer science and innovation. With roughly 41,000 students and more than 9,600 international learners, Waterloo combines rigorous academics with a culture of entrepreneurship and experiential education. Its strong ties to industry and research institutes help students access cutting-edge projects and mentorship from researchers and business leaders.

Waterloo’s distinctive cooperative education model integrates paid work terms with academic study, enabling students to gain practical experience, refine career goals and build professional networks. The university offers extensive undergraduate and graduate program options across more than 300 areas of study, and research centres such as the Institute for Quantum Computing and the Perimeter Institute enhance opportunities for advanced study and collaboration.

On-campus and off-campus accommodation options are available, with residence communities, meal plans and support services to help international students settle in. The university’s strong career services, entrepreneurship resources and alumni network support transitions into industry or further study. If you value a rigorous STEM-focused education, hands-on co-op experience and a research-rich environment, Waterloo offers a dynamic setting to launch a global career.