Actuarial Science (Co-op) - Master of Actuarial Science (MActSc)

Frequently asked questions

• How much does Actuarial Science (Co-op) - Master of Actuarial Science (MActSc) cost?

  CAD 55,605 / year.

• What English score does it need?

  IELTS 7.0 overall is the score listed for this programme.

• How long is it?

  1.3 years, as listed by the university.

• What are the entry requirements?

  • A four-year honour's bachelor's degree with an overall 78% average from a Canadian university (or its equivalent). || • An interview and diagnostic test may be required. || • Resume || • Statement of interest || • Uploaded as a supporting document in the online application. Review the writing your personal statement resources for helpful tips and tricks on completion. || • Provide a statement outlining your interest in the Master of Actuarial Science program. How does the program relate to your past education and experience and your future career goals? If your past education and/or experience is unrelated to actuarial science, please explain your change of academic/career path. || • Program-specific questions (PSQ) || • These are questions specific to the program you’re applying to. They can be viewed once you’ve started an application and are completed through a form in the online application. || • Transcript(s) || • References || • Two references are required; normally from academic sources. || • Proof of English language proficiency, if applicable || • TOEFL 4.5 (writing 5, speaking 5), IELTS 7.0 (writing 6.5, speaking 6.5) · English: IELTS 7.0 (no band below 6.5) · English test waiver: Exempt from submitting an ELP test score if any one applies: three or more years of post-secondary education at a Canadian institution or university; a completed graduate degree at a Canadian university; three or more years of post-secondary education or a completed graduate degree in an exempt country (list includes Australia, Ireland, New Zealand, Nigeria, Singapore, South Africa, UK, USA and others); at least three years' employment in a position where English was the language of business in a listed country; or three or more years of post-secondary education / a graduate degree at a university where English is the only language of instruction per the IAU WHED (this WHED exemption expires two years after graduation). Letters from a university stating the medium of instruction is English do NOT satisfy the requirement. Source: https://uwaterloo.ca/future-graduate-students/admissions/admission-and-english-language-proficiency-requirements · Application fee: CAD 150.00 per program, non-refundable (Graduate Studies Applicant Portal)

• Is there a scholarship?

  Course-based (coursework) program. Waterloo publishes that course-based programs "are typically self-funded, which means that you are expected to cover the costs of tuition and incidental fees associated with your program throughout the duration of your studies", that "some course-based programs offer entrance awards of varying value for full-time students based on academic merit and achievement" and that others "offer paid co-op or internship opportunities" - check with the program. Waterloo's guaranteed minimum funding, the International Master's Award of Excellence (IMAE - awarded to international master's students "normally entering a research-based graduate program") and the International Doctoral Student Award (IDSA - doctoral) are scoped to research-based programs. University-wide award open to course-based students: the Ontario Graduate Scholarship (OGS), CAD 5,000 per term to a maximum of CAD 15,000 - Waterloo states "OGS awards are open to applicants in all disciplines of academic study (research-based AND course-based programs)", but for the international competition "prospective graduate students are not eligible to apply and must be current graduate students" View scholarship page