The 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.
Four year undergraduate degree from a recognized institution with sufficient background in Statistics, Actuarial Sciences and/or Financial Modelling.
Four year undergraduate degree from a recognized institution with sufficient background in Statistics, Actuarial Sciences and/or Financial Modelling.
The English Language Proficiency (ELP) requirements for Msc in Statistics in Canada: are:
Items | Costs | ||||||
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Tuition Fees | Click Tuition fee | ||||||
Living Cost | CA$12,000.00/year (CA$1,000.00/month) |
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Student Earning | CA$17,920.00/year |
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You will earn CA$17,920.00/year by working (20h/week * 4 weeks * 8 months * CAD 14/h) + (40h/week * 4 weeks * 4 months * CAD 14/h) at minimum wage of CA$14.00/hour. |
Items | Costs | ||||||
---|---|---|---|---|---|---|---|
Tuition Fees | Click Tuition fee | ||||||
Living Cost | CA$12,000.00/year (CA$1,000.00/month) |
||||||
Student Earning | CA$17,920.00/year | ||||||
This is just an estimate. You don't have any work hour limit. You will earn CA$17,920.00/year by working (20h/week * 4 weeks * 8 months * CAD 14/h) + (40h/week * 4 weeks * 4 months * CAD 14/h) at minimum wage of CA$14.00/hour. |
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.Western recognizes that students who choose to undertake full-time graduate studies are choosing to delay their entry into the full-time workforce. To help off-set the cost of full-time graduate enrolment, Western provides funding support packages for eligible research-based Master’s and PhD students. Other Financial Assistance:
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