1. Explore a career in
Actuarial Science

2. What is an actuary? Analyzes, manages and quantifies risk01 02
Apply probability, statistics and risk theory to financial problems involving future uncertainty 03
Design creative ways to reduce the likelihood of undesirable events

3. Where actuaries work Insurance Industry
Property (home) and casualty (auto)
Life and annuities
Employee Benefit Industry
Retirement benefits
Health benefits
Social Security
Financial Services Industry
Banks, investing, risk management
Mergers & Acquisitions

4. Types of actuarial projects
Life Insurance: Designing and pricing life insurance products
Impact of AIDS on mortality tables
Property & Casualty: Estimating the cost of personal auto or homeowners insurance in a particular area.
Global Warming Impact
Health Benefits: Setting health insurance premium rates.
Retirement Systems: Pricing the cost of increasing retirement benefits
Look at prevalence and effect of illness on life expectancy
Impact of climate change on claims
Premiums required to cover health claims
Ensuring pension plans are sustainable, especially in a low interest rate environment

5. Why become an actuary Dynamic and challenging work
Exceptional chances for personal growth
Highly respected profession
Work where you want
Demand growing faster than the national average
Very strong compensation throughout your career
Summary/ if video doesn’t work

6. A top ranked career Business Insider, 2015: #1- Actuary
Forbes, 2013 & 2015:
Careercast, 2013:
U.S. News Rankings:
#4- Actuary

7. Employer Location Vancouver Toronto Montreal New York Calgary Hartford
Chicago
Winnipeg
Professional designations make you highly mobile & marketable
Employed in major business centres like Vancouver, Calgary, Winnipeg, Toronto, Montreal, New York, Chicago and Hartford.
The perfect career if you would like to relocate.

8. Salary Expectations *Can complete while in school/ interning
~5-6 years post grad
*Can
complete while in school/ interning
Can go as fast/ slow as you want. Average time to FSA/ FCAS is 5-6 years post graduation. Many students have 2-5 exams complete entering the work force.
If you complete exams while interning with a company, many provide paid study days, a study material allowance, a raise and/or cash bonus

9. New grads vs other majors

10. Where in the world? 18% 68% 14% 9% 85% 6%
Some countries have their own professional designation, such as the Institute and Faculty of Actuaries in the UK, and the Institute of Actuaries of Australia. The SOA and CAS accreditations the primary designations in Canada and the US.
18%
68%
14% 9%
85% 6%

11. Do you have what it takes?
Strong math background
Interpersonal skills
Communication
skills
Business sense
-Finance, Economics
Analytical
skills
Computer skills

12. How to become an actuary
FSA/ FCAS
Classes
Prelim
Exams
ASA/
ACAS

13. University of Manitoba
Warren Centre of Actuarial Studies and Research
Bsc (Hons) Actuarial Mathematics
Bsc (Hons) Actuarial Mathematics and Statistics
BComm (Hons) Actuarial Mathematics
3 tracks to completing an actuarial sciences degree
Science: more math and stats requirements
Commerce: More business requirements, exposure to group work and presentations
One of only 8 centres of actuarial excellence nationwide (Simon Fraser, UQAM, Waterloo, Toronto, Laval, Western, Concordia)

14. Asper Direct Admission Criteria
High school graduation
Five full grade 12 credits in courses designated S, G or U
Over three courses (Pre-calculus 40S or Applied Math 40S, plus English 40S, plus one other 40S course)
Minimum 60% grade in each
Minimum 85% average over the three courses (89% required in 2017)

15. What to take in your first year
ECON 1010 & 1020
Economics
STAT 1150
Statistics
GMGT 1010, COMP 1010,
Written English Requirement .
Electives
Micro and Macro econ
Statistics geared towards actuaries (Statistics and Computing): MINIMUM 70% IN PRE-CALCULUS
MATH 1300, 1500 & 1700
Mathematics

16. Internship Opportunities
High paying term positions during fall, winter or summer (typically 4 mths)
Experience with actuarial work before graduation
Students can relocate for the summer or stay local in Winnipeg.
Relocation allowance, paid flights
American companies provide a unique summer internship experience as students get to live with other interns and experience life in New York, Boston, Chicago and Hartford.
Opportunities for paid housing.
Co-op:
Costs: $2,686 over 3 terms ($895.46/term)
Benefits: 3 credit hours over 3 terms (1/term), equivalent to one class

17. Internship Opportunities
Companies that actively recruit on campus:
Great West Life, Wawanesa – Winnipeg
Sun Life – Toronto, Waterloo
Manulife – Boston, Toronto, Waterloo
Aon –Vancouver, Winnipeg
Munich Re – Toronto, New York City
Towers Watson – Calgary, Toronto, Vancouver
Allianz Life – Minneapolis
Cigna – Hartford, Philadelphia, Denver and Nashville
New York Life – New York City
Opportunities to learn about companies, ask questions, meet recruiters
Events on campus, and off (employer headquarters, Sheraton hotel)
Apply anywhere, more opportunities available at the actuarial students conference in January (funding available!!)

18. University of Manitoba Actuarial Club
160+ Members spanning two faculties
Social events throughout the year
Newsletters and s
Technical Skills Workshops
Study Sessions
Mentorship Program
Many social events that are free of charge (bowling, barbecue)
Newsletters and s to keep students informed about events, and developments in the program and the profession
Interview workshops: Feedback from employers/ recruiters
Technical workshops: Excel, VBA, Access, etc.
UMAC Cup: Actuarial case competition sponsored by investors group
Study sessions for introductory actuarial classes
Library of course textbooks and SOA exam manuals, available free of charge
Pair with older students who can provide advice, course and exam support
Speed Interviews
UMAC Cup
Textbook/ Manual
Library

19. For further information email: umac-exec @gmail.com
or visit umanitoba.ca/actuary_club
Thank You! Questions?