
Course at a Glance
- MasterDegree level
- 3 terms (Project-based); 6 terms (Thesis-based)Duration
- Main Campus, London, Ontario, CanadaLocation
- Faculty of ScienceField of study
- EnglishLanguage of instruction
- Main Campus, London, OntarioCampus
- Master of Science (MSc)Awards
- $20,960Fees
- AvailableScholarship
About this programme
Our department's Master’s program encompasses three fields: Statistical Theory, Actuarial Science and Financial Modelling. Students in the Statistical Theory field will study probability, inference, statistical computing and data analysis in depth.
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Students in the Actuarial Science field will learn about survival analysis, risk, ruin, mortality and their connections with finance. Students in the Financial Modelling field will learn the theory and application of deterministic and stochastic models used in the banking industry.
Is this course right for you?
Our counsellors check your profile against this programme's entry criteria and tell you where you stand — before you pay anything.
What we look at
- Your subject background and grades
- Your English score, or how to get one
- Budget, including living costs
University & programme
- Listed from the catalogueNot yet staff-verified — ask us to confirm the details.
- English requirementIELTS Overall 6.5
- Study modeFull-time study | Western's Program Design: Project based or th…
Admissions checklist
Entry requirements
Programme admission requirements as published by Western: • Undergraduate degree from a recognized institution with sufficient background in Statistics, Actuarial Sciences and/or Financial Modelling. • Please see the program page for more details || SGPS university-wide minimum - Master's: 'Applicants must possess a four-year degree from a university, college or institute. The School of Graduate and Postdoctoral Studies requires at least a 70% average across courses taken in the last two full-time years of the undergraduate degree. Equivalent qualifications may be considered based on the standards of the discipline or profession.' Doctoral: 'Applicants must possess a Master's degree or equivalent from a university, college or institute, and provide evidence of research potential. The School of Graduate and Postdoctoral Studies requires at least a 70% average in the Master's degree, as determined by the School of Graduate and Postdoctoral Studies.' Source: https://grad.uwo.ca/admissions/international/index.html || English language proficiency: Applicants whose first language is not English must furnish evidence of their proficiency in the use of the English language by a satisfactory achievement within the last two years in one of the following: • The Test of English as a Foreign Language (TOEFL). iBT (internet-Based Test): For tests taken before January 21, 2026, Western requires a minimum overall score of 86, with no individual section score below 20. Some programs may require a higher minimum and/or specific band scores. For tests taken on or after January 21, 2026, Western requires a minimum overall score of 4.5, with no individual section score below 4. Some programs may require a higher minimum and/or specific band scores. [Western's TOEFL ID is 0984]. • The International English Language Testing Service (IELTS Academic).The minimum acceptable score is 6.5 out of 9. The IELTS is offered in 6 test centres in the US and 3 in Canada. • The Canadian Academic English Language Assessment (CAEL Assessment). The minimum acceptable score is 60. The CAEL Assessment is offered in several countries throughout the world as well as Canada. • Western English Language Centre . The requirement is successful completion of the High-Advanced level. • Fanshawe College’s ESL Program . The requirement is graduation from Level 10, English for Academic Purposes, with a minimum 80% in all components. · English: IELTS 6.5; TOEFL iBT 86 · English test waiver: Western does not publish a blanket country or medium-of-instruction waiver for graduate admission. SGPS states the requirement applies to 'Applicants whose first language is not English', and under 'Exemptions': 'Applicants may request an exemption by contacting their graduate program(s) of interest. For the French and Hispanic Studies programs only, evidence of proficiency in English is a degree requirement but not a requirement for admission.' Western also offers a conditional route instead of a test: the Western English Language Centre 'allows academically eligible students interested in pursuing a graduate degree at Western the opportunity to receive a conditional offer of admission to graduate studies without successful completion of an English language proficiency test', on condition the student completes the Centre's programme. Source: https://grad.uwo.ca/admissions/apply.html and https://grad.uwo.ca/admissions/international/index.html · Application fee: CAD 185.00 - 2026-2027 Application Fees Table 3, Graduate Programs: 'All other graduate programs 185'. Source: 2026-2027 Application Fees (Table 3), https://registrar.uwo.ca/student_finances/fees_refunds/2026-27-Application-Fees.pdf · Deposit: CAD 2,000.00 non-refundable - 2026-2027 Program-Related Tuition Fees (Table 2), General section, line 226 'Tuition Deposit, Full-time International Masters, non-refundable, 2,000'. Source: https://registrar.uwo.ca/student_finances/fees_refunds/2026-27-Program-Related-Fees2.pdf
The usual set for this level. Your counsellor confirms the exact list for this university.
- Academic transcripts
- English test score (IELTS/TOEFL)
- Passport copy
- Statement of purpose (optional)
- Recommendation letters (optional)
Cost & scholarships
- Tuition$20,960 CAD / year≈ $15,412 / year
- Application feeNo application fee for this programme
- Living costsVary by city — see the destination guide.
- ScholarshipsWestern Graduate Research Scholarship (WGRS), Graduate Teaching Assistantships, Graduate Fellowships and Graduate Student Assistantships are administered by the graduate programme; SGPS states 'Decisions regarding the structure, sources and annual amount of your graduate funding over the course of your program are made primarily at the Faculty and/or graduate program.' Doctoral funding guarantee, open to international students: 'For domestic and international doctoral students who start their program in September 2026 (September 1, 2026 - August 31, 2027), Western guarantees a minimum annual funding support package of $17,000, plus $6,487 for tuition, for a total of $23,487.' Average funding received from all sources: Doctoral CAD 35,476 (2025), Master's CAD 26,277 (2025). International students are eligible for Western's Graduate Bursary and for the Ontario Graduate Scholarship (OGS). Western lists formalised international sponsorship partnerships with: CGS-Michael Smith Foreign Study Supplements, China Scholarship Council, Libya North-American Scholarship Program, Egypt Cultural and Educational Bureau, Mitacs Globalink Research Awards, Organization of American States Program, Rhodes Scholarships, Russia Global Education Program, Saudi Arabia King Abdullah Scholarship Program and the Vietnam International Education Development Program. SourceView scholarship page
Application timeline
Typical timings. Deadlines differ per university and intake.
- 1Prepare documents1–2 weeks
- 2Submit application1–3 weeks
- 3Receive offer letter2–6 weeks
- 4Apply for visa4–8 weeks
Application deadline: Application deadlines as published on Western's SGPS programme page (Western prints month and day without a year): • February 15 - International Applicants • May 15 - Domestic Applicants Applications received after the deadline will not be considered. Co…
Visa & support journey
- Offer letterFrom the university
- Visa guidanceExpert support
- Pre-departureAccommodation & travel
- Ongoing supportEven after you arrive
Student stories
Real students. Real results.
- Average rating
- 4.9
- Google reviews
- 360+
- Rated five stars
- 95%
Average rating
Google reviews
Rated five stars
“I would like to express my gratitude for the excellent assistance provided during my student visa process. The team was responsive, knowledgeable, and supportive at every stage, from document preparation to submission guidance. Their clear communication and professional approach made the process much easier and more efficient.”
1 / 8
Nihad K, 5 out of 5 stars
Every review below is a real Google review — see all of them
Frequently asked questions
How much does Statistics (Master of Science (MSc)) cost?
CAD 20,960 / year.
What English score does it need?
IELTS 6.5 overall is the score listed for this programme.
How long is it?
3 terms (Project-based); 6 terms (Thesis-based), as listed by the university.
What are the entry requirements?
Programme admission requirements as published by Western: • Undergraduate degree from a recognized institution with sufficient background in Statistics, Actuarial Sciences and/or Financial Modelling. • Please see the program page for more details || SGPS university-wide minimum - Master's: 'Applicants must possess a four-year degree from a university, college or institute. The School of Graduate and Postdoctoral Studies requires at least a 70% average across courses taken in the last two full-time years of the undergraduate degree. Equivalent qualifications may be considered based on the standards of the discipline or profession.' Doctoral: 'Applicants must possess a Master's degree or equivalent from a university, college or institute, and provide evidence of research potential. The School of Graduate and Postdoctoral Studies requires at least a 70% average in the Master's degree, as determined by the School of Graduate and Postdoctoral Studies.' Source: https://grad.uwo.ca/admissions/international/index.html || English language proficiency: Applicants whose first language is not English must furnish evidence of their proficiency in the use of the English language by a satisfactory achievement within the last two years in one of the following: • The Test of English as a Foreign Language (TOEFL). iBT (internet-Based Test): For tests taken before January 21, 2026, Western requires a minimum overall score of 86, with no individual section score below 20. Some programs may require a higher minimum and/or specific band scores. For tests taken on or after January 21, 2026, Western requires a minimum overall score of 4.5, with no individual section score below 4. Some programs may require a higher minimum and/or specific band scores. [Western's TOEFL ID is 0984]. • The International English Language Testing Service (IELTS Academic).The minimum acceptable score is 6.5 out of 9. The IELTS is offered in 6 test centres in the US and 3 in Canada. • The Canadian Academic English Language Assessment (CAEL Assessment). The minimum acceptable score is 60. The CAEL Assessment is offered in several countries throughout the world as well as Canada. • Western English Language Centre . The requirement is successful completion of the High-Advanced level. • Fanshawe College’s ESL Program . The requirement is graduation from Level 10, English for Academic Purposes, with a minimum 80% in all components. · English: IELTS 6.5; TOEFL iBT 86 · English test waiver: Western does not publish a blanket country or medium-of-instruction waiver for graduate admission. SGPS states the requirement applies to 'Applicants whose first language is not English', and under 'Exemptions': 'Applicants may request an exemption by contacting their graduate program(s) of interest. For the French and Hispanic Studies programs only, evidence of proficiency in English is a degree requirement but not a requirement for admission.' Western also offers a conditional route instead of a test: the Western English Language Centre 'allows academically eligible students interested in pursuing a graduate degree at Western the opportunity to receive a conditional offer of admission to graduate studies without successful completion of an English language proficiency test', on condition the student completes the Centre's programme. Source: https://grad.uwo.ca/admissions/apply.html and https://grad.uwo.ca/admissions/international/index.html · Application fee: CAD 185.00 - 2026-2027 Application Fees Table 3, Graduate Programs: 'All other graduate programs 185'. Source: 2026-2027 Application Fees (Table 3), https://registrar.uwo.ca/student_finances/fees_refunds/2026-27-Application-Fees.pdf · Deposit: CAD 2,000.00 non-refundable - 2026-2027 Program-Related Tuition Fees (Table 2), General section, line 226 'Tuition Deposit, Full-time International Masters, non-refundable, 2,000'. Source: https://registrar.uwo.ca/student_finances/fees_refunds/2026-27-Program-Related-Fees2.pdf
Is there a scholarship?
Western Graduate Research Scholarship (WGRS), Graduate Teaching Assistantships, Graduate Fellowships and Graduate Student Assistantships are administered by the graduate programme; SGPS states 'Decisions regarding the structure, sources and annual amount of your graduate funding over the course of your program are made primarily at the Faculty and/or graduate program.' Doctoral funding guarantee, open to international students: 'For domestic and international doctoral students who start their program in September 2026 (September 1, 2026 - August 31, 2027), Western guarantees a minimum annual funding support package of $17,000, plus $6,487 for tuition, for a total of $23,487.' Average funding received from all sources: Doctoral CAD 35,476 (2025), Master's CAD 26,277 (2025). International students are eligible for Western's Graduate Bursary and for the Ontario Graduate Scholarship (OGS). Western lists formalised international sponsorship partnerships with: CGS-Michael Smith Foreign Study Supplements, China Scholarship Council, Libya North-American Scholarship Program, Egypt Cultural and Educational Bureau, Mitacs Globalink Research Awards, Organization of American States Program, Rhodes Scholarships, Russia Global Education Program, Saudi Arabia King Abdullah Scholarship Program and the Vietnam International Education Development Program. Source View scholarship page
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