BS Actuarial Mathematics at UManitoba: Fees 2026 Dates & Requirements

University of Manitoba Bachelor of Science Actuarial Mathematics is a four-year Honours degree taught on-campus in Winnipeg. Applicants need 85% at senior secondary with strong math scores and IELTS 6.5 overall. Tuition sits at CAD 24,120 (INR 16.05 Lakhs) per year across September, January, and May intakes.

The program trains actuaries who model financial risk for insurers, banks, and pension funds. Faculty of Science delivers a math-and-statistics-heavy core paired with Warren Centre coursework. It suits students targeting Society of Actuaries credentials rather than the parallel business-focused BComm route.

• Course sequence maps to Society of Actuaries Financial Mathematics, Probability, and Investment and Financial Markets papers for exam credit.
• Warren Centre for Actuarial Studies co-delivers coursework with the I.H. Asper School of Business and connects students to Winnipeg employers.
• Joint Honours option with Statistics allows students to layer deeper predictive-modelling training onto the actuarial core.

Also Check: University of Manitoba Actuarial Mathematics Admission Guide

University of Manitoba B.S. Actuarial Mathematics Fees 2027

Actuarial Mathematics tuition follows the Faculty of Science international rate of CAD 804 per credit hour for the 2026 to 2027 academic year. A standard 30-credit full-time load produces the annual tuition below with mandatory ancillary fees layered on top.

Source: umanitoba.ca/registrar/tuition-fees/undergraduate.

All INR conversions in the article use a conversion rate of CAD 1 = INR 66.55 as of July 2026. Rates fluctuate daily, verify before applying.

• Four-year tuition alone runs at CAD 96,480 (INR 64.21 Lakhs) before annual fee revisions.
• MISHP health cover is compulsory for study-permit holders and cannot be waived without provincial insurance proof.
• U-Pass transit is bundled into fees and gives unlimited access to Winnipeg Transit through both academic terms.
• UMSU health and dental cover is auto-applied and refundable with valid alternate insurance proof.

Read More: Cost of Living Guide for Indian Students in Canada

Cost of Living in Winnipeg for B.S. Actuarial Mathematics Students

Winnipeg is one of the most affordable large Canadian cities for international students. University estimates put residence and meal costs at CAD 10,000 to CAD 17,000 yearly, with books adding CAD 3,500.

ROI reality: Four years of tuition and mandatory fees add up to roughly CAD 108,300 (INR 72.07 Lakhs). Winnipeg living stays around 30 percent below Toronto rates, keeping the full study bill lower than most Ontario peers.

University of Manitoba B.S. Actuarial Mathematics Admission

Actuarial Mathematics accepts international applicants with 85% at Grade 12 or equivalent, IELTS 6.5, and one strong math paper. Faculty of Science manages admissions as direct entry with subject-specific prerequisites layered on the general requirement.

Intakes and Deadlines

The program runs three intakes annually with fixed deadlines the Faculty of Science publishes as recurring annual dates.

Academic Eligibility

Faculty of Science requires a minimum 80% average across four senior-level courses with no course below 60%. Competitive Actuarial Mathematics applicants sit at 85% or higher because of the math-heavy sequence. This maps to approximately 80% to 85% Class 12 (CBSE, ISC, or state) or CGPA 8.0 to 8.5 for Indian applicants.

• English 40S at Grade 12 or the equivalent English paper on Class 12 CBSE, ISC, or state board.
• Pre-Calculus Mathematics 40S or Applied Mathematics 40S with a strong grade for direct progression into the actuarial core.
• One science subject at Grade 12 level from Biology, Chemistry, Computer Science, or Physics.
• One additional academic Grade 12 course to complete the four-subject requirement.

Minimum degree GPA of 3.00 on a 4.5 scale unlocks the Honours declaration after 24 credit hours. Indian equivalents approximate to 65% to 70%, or CGPA 6.5 to 7.0 on 10, and WES (World Education Services) or the university’s credential evaluation sets the official transcript equivalence.

Applicants can visit the University of Manitoba profile for supporting programme context, campus data, and reviews.

English Language Proficiency

The University of Manitoba lists five accepted English tests for undergraduate admission. Applicants must clear both overall and per-component minimums, and scores older than two years are invalid.

Note: TOEFL iBT moved to a 1.0 to 6.0 band scale on 21 January 2026. University of Manitoba lists both the pre-2026 (0 to 120) and post-2026 (1.0 to 6.0) requirements during the 2026 to 2028 transition. Verify the applicable scale on the official admissions page before applying.

• Indian applicants typically pick IELTS Academic because British Council and IDP centres remain widely available across metro cities.
• Score booking should account for a four to six week gap between the test date and Aurora application submission.
• Duolingo is accepted, but the 105 per-component band is tighter than most Canadian universities on comprehension.
• English-medium waivers from CBSE or ISC boards are not recognised for direct entry to Actuarial Mathematics.

Tip for Indian students: Route transcripts through WES for a course-by-course evaluation while IELTS is being booked. The Aurora portal accepts uploaded scans while the physical documents transit.

University of Manitoba B.S. Actuarial Mathematics Application

The Actuarial Mathematics application runs through the University of Manitoba Aurora online portal for international undergraduate applicants. Indian applicants pay a CAD 130 (INR 8,652) non-refundable fee and upload scanned documents while originals are couriered.

Timeline and Status by Intake

Documents Checklist

• Class 12 final transcript from CBSE, ISC, or state board with year-wise marksheets sealed by the institution.
• English language test score report (IELTS, TOEFL, PTE, Duolingo, or CAEL) sent directly by the testing agency.
• Copy of the passport bio-page with a validity of at least six months past the expected programme start.
• Optional personal statement of 300 to 500 words on academic and career motivation for Actuarial Mathematics.

Application Fee Payment

Aurora accepts credit cards (Visa, Mastercard, American Express) and wire transfers for the CAD 130 fee. Fee waivers are rare and only granted through the international recruitment office in exceptional cases.

Also Check: University of Manitoba Full Programme Catalogue

Application tip: Winter and Summer intakes into Actuarial Mathematics carry lighter volumes than Fall because most Indian applicants default to September. A January start also opens the summer research assistant pipeline in the Warren Centre.

University of Manitoba B.S. Actuarial Mathematics Scholarships

Actuarial Mathematics applicants qualify for two automatic UM scholarships plus a need-based bursary. Award tiers scale with the high school percentage submitted at the point of admission.

• Automatic entrance awards cover about 4% to 12% of first-year tuition at the top tier.
• The 1 March entrance scholarship deadline aligns with Fall applications, so Winter and Summer starts should confirm eligibility with the awards office.
• Actuarial majors enter Faculty of Science in-house scholarships once 24 credit hours are completed with a strong sessional GPA.
• Fee remission to a domestic-equivalent tuition rate is not offered on the international Bachelor of Science pathway.

Read More: University of Manitoba Scholarship Guide for Indian Students

Scholarship reality: Even the top CAD 3,000 entrance award covers less than 15% of first-year tuition. Plan the funding stack around GIC savings and an education loan, treating the award as helpful margin rather than a tuition solution.

University of Manitoba B.S. Actuarial Mathematics Salary

Actuarial Mathematics graduates enter analyst roles at Canadian insurers, consulting firms, and pension funds. Salary progression ties directly to Society of Actuaries exam credits earned during and after the degree. Winnipeg carries a base of major employers such as Great-West Lifeco, Manitoba Public Insurance, and Wawanesa.

Indicative Salary Range for Graduates

Source: Indeed Canada salary index for Winnipeg, MB and DW Simpson Canadian Actuarial Survey 2026.

These are indicative gross figures; net take-home varies by province and RRSP contribution. Verify actual net pay through the CRA (Canada Revenue Agency) tax calculator before committing.

• University of Manitoba reports a graduate employment rate of 83% across faculties within six months of degree conferral.
• Warren Centre students frequently start pre-graduation internships in Winnipeg’s insurance cluster during the Summer term of Year 3.
• Passing SOA exams FM and P before graduation lifts starting compensation by 5% to 15% at most Canadian actuarial employers.
• PGWP (Post-Graduation Work Permit) grants three years of open work authorisation and enables a permanent residency route.

The Cost of Studying in Canada guide benchmarks the full study bill against other Canadian provinces.

ROI reality: The four-year cost of about CAD 108,300 (INR 72.07 Lakhs) recovers within roughly two years of actuarial pay. The PGWP-to-PR runway extends career payoff beyond the initial recovery window.

Canada Visa for B.S. Actuarial Mathematics Students

Indian students need a Canada study permit to travel to the University of Manitoba. IRCC (Immigration, Refugees and Citizenship Canada) processes it through the Regular Study Permit stream after SDS was discontinued in November 2024. Financial proof, biometrics, and a valid Provincial Attestation Letter (PAL) are the three mandatory gates.

• Application fee is CAD 150 (INR 9,983) plus CAD 85 biometrics (INR 5,657) for a total government payout of CAD 235.
• Proof of funds is CAD 22,895 (INR 15.24 Lakhs) in living expenses plus documented first-year tuition of CAD 24,120.
• GIC (Guaranteed Investment Certificate) with a Canadian bank is optional under the Regular Stream but continues to speed up processing.
• Processing from India typically runs eight to twelve weeks, so file at least four months before the intended start date.
• Graduates apply for the PGWP (Post-Graduation Work Permit) within 180 days of course completion for up to three years of open work authorisation.
• Spouses of full-time undergraduates are not eligible for open work permits, only PGWP holders after graduation qualify.

Also Check: Canada Student Visa Guide for Indian Students

Visa reality: Manitoba’s PAL allocation for 2026 is capped, and Winter intake applicants should upload the acceptance letter with PAL together. IRCC returns files with missing PAL, which delays visa issuance by four to six weeks.

University of Manitoba B.S. Actuarial Mathematics Ranking 2027

University of Manitoba climbed to 560th in the QS World University Rankings 2027 from 643rd in 2026. Mathematics as the discipline anchoring Actuarial Mathematics has held the 451-500 band in QS subject rankings.

• The 83-position improvement between the 2026 and 2027 QS releases signals rising research citations across statistics and mathematics faculties.
• The 451-500 mathematics band places University of Manitoba mid-pack among ranked mathematics schools worldwide.
• Rankings do not adjust for actuarial-specific credentialing; SOA exam pass rate is a better outcome benchmark for this course.

Also Check: University of Manitoba Ranking Breakdown

Honest take: Ranking momentum matters less than employer recognition for Actuarial Mathematics. Manitoba grads land at Great-West Lifeco and Manitoba Public Insurance because of Warren Centre relationships, not the QS position.