Western Science Centre Rm 262
London, Ontario N6A 5B7
t. 519-661-2111 ext. 86514 f. 519-661-3813
Our department's Master’s program encompasses three fields: Statistical Theory, Actuarial Science and Financial Modelling. Students in the Statistical Theory field will study probability, inference, statistical computing and data analysis in depth. Students in the Actuarial Science field will learn about survival analysis, risk, ruin, mortality and their connections with finance. Students in the Financial Modelling field will learn the theory and application of deterministic and stochastic models used in the banking industry.
Times to Completion
3-6 Terms (1-2 years)
Thesis-based, or project-based
Stipends are variable, depending on student performance and background. Typical stipends for Canadians and Permanent Residents are around $18,000 per year and usually include a teaching assistantship, research assistantship and a scholarship. Funding for international students is more limited.
Applicants (domestic and international) are encouraged to apply for the following scholarships:
Four year undergraduate degree from a recognized institution with sufficient background in Statistics, Actuarial Sciences and/or Financial Modelling.
Applicants whose first language is not English must furnish evidence of their proficiency in the use of the English language:
The Test of English as a Foreign Language (TOEFL). Minimum acceptable score is 213 for the standard electronic version, 550 for the paper and pencil version, or 86 for the internet version with no individual score below 20. [Western's TOEFL ID is 0984].