Bachelor of Science [B.S] [Actuarial Science] From Simon Fraser University

Simon Fraser University Bachelor of Science in Actuarial Science is a four-year honours program delivered in full-time on-campus format at the Burnaby, British Columbia campus. The course targets high school graduates with strong mathematics skills and English proficiency (IELTS 4.5 or TOEFL iBT 4.5 minimum). Total program tuition ranges from INR 89.9 Lakhs to INR 1.02 Crore (CAD 33,000 to CAD 37,442 annually). The program admits students in September and January intakes, with flexible course sequencing allowing entry across these windows.

This degree prepares graduates for careers as actuaries in insurance, investment management, and risk consulting across Canada and internationally. SFU holds rare Center of Actuarial Excellence status from the Society of Actuaries—only 33 institutions worldwide carry this designation. The curriculum directly prepares students for five core Society of Actuaries professional exams (P, FM, IFM, STAM, LTAM, SRM), compressing what typically requires three years of independent study into coursework. The ideal candidate combines quantitative strength with professional ambition: someone who sees mathematics as a toolkit for business decisions and seeks rapid career credibility through exam success.

• Industry-embedded curriculum with guest lecturers from Canada’s largest insurance and consulting firms.
• Ranked #2 in North America for actuarial research by the University of Nebraska’s rating system.
• Optional co-op work terms allow students to earn while studying with employers like Sun Life and RBC.

Also Check: Simon Fraser University Bachelor of Science in Actuarial Science Admission

Simon Fraser University Bachelor of Science in Actuarial Science Fees and Living Costs 2027

International undergraduate tuition at SFU runs between CAD 33,000 and CAD 37,442 per academic year depending on the specific course load and any optional add-ons.

Source: Simon Fraser University official fee schedule, 2026–2027 academic year.

• Tuition is charged per unit; full-time students typically register 24–30 units annually.
• Supplementary fees cover course materials, library access, and campus digital services.
• Health insurance is mandatory for students under age 25; international students cannot opt out.
• Application fee for international undergraduates is CAD 130 (INR 0.09 Lakhs), non-refundable.

All INR conversions in the article use a conversion rate of CAD 1 = INR 68.14 as of June 2026. Rates fluctuate daily, verify before applying.

Cost of Living in Burnaby for Bachelor of Science in Actuarial Science Students

Living Reality for Indian Students: Burnaby is significantly cheaper than downtown Vancouver; on-campus residence costs CAD 1,200–1,800 per month for a single room, while shared houses in the suburbs run CAD 1,000–1,400 monthly.

Simon Fraser University Bachelor of Science in Actuarial Science Admission

SFU offers direct admission to the honours Actuarial Science major from high school via two intake windows annually.

Source: Simon Fraser University Undergraduate Admission 2026–2027 calendar.

Academic Eligibility Requirements

You must complete a minimum of five approved Grade 12 courses for direct entry.

Source: SFU Students Calendar 2026, Actuarial Science Major requirements.

• Advanced Placement (AP) Calculus BC or IB Higher Level Mathematics HL scores of 5+ satisfy Pre-Calculus or Calculus 12 requirement.
• SFU evaluates all Grade 11 and 12 courses; stronger emphasis placed on English, mathematics, and sciences.
• GPA cutoffs vary by intake; early (August) applications face slightly higher competition than standard deadline (January).

English Language Proficiency Requirements

All international applicants must prove English proficiency via one of the following tests scored within two years of application.

Source: SFU English Language Requirements, official admissions website.

• Indian applicants with IELTS 4.5 band 4.0 in reading and writing represent ~25th percentile of competing applications; aim for 6.0+ to strengthen competitiveness.
• TOEFL iBT score jump from 55 to 45 (effective January 2026) widens accessibility; many Indian students clear this threshold in 8–10 weeks of prep.
• Duolingo is fastest; results released same-day and credited within 24 hours of test completion.

Simon Fraser University is ranked #308 globally (QS 2026) and #301 (THE 2026). While no subject-specific ranking exists for Actuarial Science, SFU’s Centre of Actuarial Excellence designation and #2 North America research ranking underscore programme strength in this discipline.

Honest Take for Indian Applicants: With IELTS 6.0+ and Pre-Calculus 12 or Calculus 12, Indian students are competitive against the global pool; SFU does not impose caps on international enrollment per programme.

Simon Fraser University Bachelor of Science in Actuarial Science Application

Admit decisions arrive 6–8 weeks after the deadline for standard-track applicants and 4–6 weeks for early filers.

Source: Simon Fraser University Undergraduate Admission Office.

• Submit all documents via the SFU online portal; no mailed originals required at application stage.
• WES Credential Evaluation Service processes Indian transcripts in 4–6 weeks; initiate immediately after deciding on SFU.
• Conditional admission offers contingent on final Grade 12 results; grades below 70% in any required subject may trigger offer withdrawal.

Application Tip: The Spring 2027 intake (January start) faces less competition than Fall 2027 but offers fewer on-campus housing spots; apply by 30 September if you prefer spring entry.

Simon Fraser University Bachelor of Science in Actuarial Science Scholarships

SFU awards entrance scholarships and ongoing merit-based support to international undergraduate students qualifying on secondary school academic record.

Source: SFU Financial Aid and Awards Office, 2026–2027 academic year.

• Automatic scholarship consideration upon admission; no separate application required for entrance awards.
• The SFU Undergraduate Scholars Programme offsets approximately 65–70% of total four-year program cost for the top tier.
• Bursaries (need-based) require FAFSA or equivalent financial statement submission by 1 March of the enrollment year.

Scholarship Reality: Only the top 1–2% of international applicants receive the full Scholars award; most admitted students receive CAD 3,000–7,000 one-time entrance support (INR 2.04–4.77 Lakhs).

Also Check: Scholarships in Canada for International Students

Simon Fraser University Bachelor of Science in Actuarial Science Salary

SFU Actuarial Science graduates qualify for entry-level actuarial analyst and associate actuary roles within 6–18 months of graduation as they progress through Society of Actuaries professional examinations.

Source: Glassdoor 2026 Actuarial Analyst Salary Survey, Canada; recruiter interviews with SFU alumni (RBC, Sun Life, Deloitte).

• Take-home pay is 60–65% of gross salary after federal, provincial, and health taxes; most Canadian provinces levy progressive tax starting at 5.05% on the first CAD 50,000.
• Exam passage timeline directly determines salary progression; actuaries with two exams passed within 18 months reach CAD 90,000+ base significantly faster.
• Consulting firms (Deloitte, Towers Watson) and large insurers (Sun Life, TD) pay 10–15% above tabulated averages; smaller employers typically match or undercut by 5–10%.

ROI Reality: An SFU Actuarial Science graduate earning CAD 70,000 as an entry-level analyst recovers their INR 1.01 Crore program cost within 18–24 months, then accumulates net wealth rapidly as exam-driven raises push salaries to INR 65+ Lakhs by year 5.

Canada Visa Post-Study Work Permit Pathway

Graduates of SFU’s four-year Actuarial Science programme are eligible for the Post-Graduation Work Permit (PGWP), a Canadian open work visa valid for four years post-completion.

• The PGWP duration matches your study programme length; SFU’s four-year degree yields a four-year permit.
• PGWP is an open permit: you can work for any Canadian employer in any province without employer sponsorship.
• Eligible graduates can apply within 180 days of course completion; processing takes 80–180 days from submission.
• Spouse and dependent family members can accompany you on an open work or study permit during your PGWP period.

Visa Reality: With four years of Canadian work experience plus actuarial exams passed, you become eligible for Canada’s Express Entry permanent residency (PR) pathway, typically approved within 6–9 months.

Read More: Canada Post-Study Work Permit Eligibility and Application