Education · 1 of 5
The path
A math-heavy degree, then a long series of professional exams written while you work.
- 1
High school
Grades 11 and 12
Top marks in math. Waterloo, the biggest program, admits from the mid-80s and up.
- 2
Bachelor's degree
4 to 5 years
Actuarial science, math or statistics. Co-op is close to essential. Programs accredited by the CIA (Canadian Institute of Actuaries) let strong grades count toward some exams.
- 3
First exams
During the degree
Most students pass one or two, usually probability and financial math, before graduating. Employers expect at least one.
- 4
Analyst job and more exams
3 to 6 years
Work at an insurer, pension consultant or bank while writing exams from the SOA (Society of Actuaries) or the CAS (Casualty Actuarial Society), plus Canadian modules.
- 5
Fellowship
About 7 to 10 years from high school
The FCIA (Fellow of the Canadian Institute of Actuaries) needs the exams, a professionalism course and 3 years of actuarial work experience.