Department of Statistical Sciences

USD 10,000 - USD 45,000 loan size

up to 20 years loan term

Courses we support

Masters of Financial Insurance

About the school

University of Toronto - Department of Statistical Sciences is one of Canada's largest and oldest statistical departments. Historically, it is one of the first independently operating statistical departments in North America and offers opportunities to students across the globe to delve into research and education. The department is blessed with award-winning, experienced and expert faculty and diverse courses offering experiential learning experiences. Furthermore, the University of Toronto - Department of Statistical Sciences has emerged as a global leader in research and teaching, inviting diverse learning communities.

Where is the school located?

University of Toronto - Department of Statistical Sciences campus details are as follows:

Life at the Department of Statistical Sciences

Several factors make students’ life at the department extremely comfortable, convenient, and fun at the institute. With the help of the Graduate Office SharePoint Site, students have easy access to every minute detail, from the timetable and course information to health and wellness, accessibility, and counselling services. On the other hand, the School of Graduate Studies gives you information regarding scholarships and awards, sessional dates, regulations, including policies and guidelines such as the Code of Student Conduct, Supervision, and Intellectual Property. Grad Hub makes the students feel welcomed, connected, and prepared. At the same time, the mental health resources help students learn more about the mental health support available to them at the University of Toronto.

Additional benefits of studying at the Department of Statistical Sciences

There are various clubs and associations that the students can join, learn, and have fun at within the University of Toronto - Department of Statistical Sciences campus. The campus is also enriched with modern amenities and fundamental facilities, from accommodation to the library to tech centers and fancy eating spots. Students can also avail of financial aid via loans, emergency grants, paid work on campus, and counselling. On arrival, especially for international students, there are conclusive services that help you with banking, childcare, Ontario Health Insurance Plan, Social Insurance Number (SIN), and University Health Insurance Plan (UHIP).

Toronto campus



City Population

7 million


North-western shore of Ontario Lake, Canada


Continental Climate

Nearest Airport

Toronto Pearson Airport

Time Zone

GMT -4

Fast facts

  • Ranked first in Canada and is among the top 10 statistics departments in the world, according to ShanghaiRanking, QS World, and Times Higher Education.
  • Collaboration with the Canadian Statistical Sciences Institute (CANSSI), CANSSI Ontario, Data Sciences Institute (DSI), Faculty of Applied Science, etc.
  • Its Actuarial Science Programmes are recognised as a Centre of Actuarial Excellence under the Society of Actuaries Centers of Actuarial Excellence (CAE).

Admissions criteria

Professional courses at the University of Toronto - Department of Statistical Sciences for graduates include full-time and part-time study and research across the field of statistics. Some of the main courses are based on Statistical Theory and Applications, Probability, Actuarial Science and Mathematical Finance, Multidisciplinary Doctoral Training Programme (Mdoc Programme), Financial Insurance (MFI Programme), and Applied Computing Concentration in Data Science (MScAC Programme).

Admission requirements

An appropriate bachelor's degree from a recognised university in a related field such as statistics, actuarial science, mathematics, economics, engineering, or any discipline. Application Process Fill out the online application form and attach the required supporting documents, which include: - Curriculum Vitae (CV) - Statement of Intent - Transcripts - International transcripts - Letters of Recommendation (Three letters of recommendation) - English-Language Proficiency Testing (if applicable) along with official copies of your English proficiency scores (Institution Code: 0982). - Submission of the GRE is not a mandatory requirement; however, you can attach your GRE scores, including the Advanced Mathematics Examination. Admission Procedure: Admission decisions are extremely competitive, as only 5-10% of aspirants make it to the final list. Hence, it is advised to apply timely and consciously. - Submit your application at the School of Graduate Studies Online Application Portal, and furnish your documents for verification. - View the status of your application by logging into your account through the same portal. - If shortlisted, you will receive an offer of admission and a confirmation email.

Job placements

The industry placements at the University of Toronto - Department of Statistical Sciences are a top-rated annual event with over 100 industry partners, including partners from insurance and reinsurance, investment banks, pension plans, capital markets, regulatory reporting, and FinTech. This is an excellent opportunity for students and faculty as major networking events like Symposium are conducted to expose students to current topics and issues facing the industry. Considering the MFI programme, placements start with the four-month internship that begins when the winter semester ends.

Prodigy Finance international student loans

Prodigy Finance offers borderless financing to international students. There is no need to provide guarantors, collateral, or cosigners. Furthermore, there are no hidden fees! Our loan facilities include no penalties for early repayment and a 6-month grace period after graduating from full-time study.

Realise your dream with a Masters programme from University of Toronto - Department of Statistical Sciences

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Source: University of Toronto - Department of Statistical Sciences

Last updated: 26 Oct 2023

The purpose of this page is to provide prospective students with basic information about the school and a selection of Courses offered by the school. Whilst we have carefully compiled the overview, Prodigy Finance does not accept any liability for any inaccuracies mistakes, omisions or outdated information in the guide and we encourage prospective students and other readers to consult with the schools's website for further information. Prodigy Finance does not have any affiliation or contractual arrangement with the school. If you are a student and need more information about applying for a loan, please contact us at Any other other queries about this page can be sent to

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