Bachelor of Mathematics [B.Math] (Actuarial Science)
STEM Course
4 years
Full Time
Co Op & On Campus
Field of Study:
CA$53,000/Yr
CA$53,000 /Yr
- BMath in Actuarial Science at the University of Waterloo is offered a 4-years (8 semesters) program.
- This course is offered on a full-time basis.
- In this program, students will take courses such as the mathematics of finance, risk theory, and pension mathematics taught by professional actuaries in one of North America’s top actuarial schools.
- Students can also choose the regular stream or the co-op stream and ready to enter a great job market with great prospects and high starting salaries.
- The Canadian Institute of Actuaries has accredited Waterloo’s Actuarial Science program, students can be exempted from several of their exams.
- The department of Statistics and Actuarial Science offers courses and plans in Actuarial Science, which is the application of mathematics and statistics to financial problems with particular emphasis on life insurance, casualty insurance, and employee benefit programs.
- The faculty and student ratio for this program is 1:19.
- The average salary goes up to 48,750 USD after completing this program.
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Important Dates
Closed for application.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | CA$53000 (CAD 53000) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | CA$7200 (CAD 7200) |
| Food | CA$2115 (CAD 2115) |
| Books and supply | CA$2370 (CAD 2370) |
| Total Cost | CA$11685 (CAD 11685) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | CA$35945 (CAD 35945) |
Eligibility & Entry Requirement
Academic Eligibility:
- The students must have completed six Grade 12 U and/or M courses including
- Advanced Functions
- Calculus and Vectors
- Chemistry
- Physics
- English (ENG4U)
- Students encouraged to take AFM 101, ECON 101, or ECON 102 as first-year electives to satisfy the degree requirements for Actuarial Science.
- A minimum final grade of 70% is required in all the above subjects mentioned during admission.
- Students must be qualified in IELTS or TOEFL and PTE.
Indian Student Eligibility:
- First or Second Division standing in one of the following:
- All India Senior School Certificate awarded by CBSE.
- Indian School Certificate awarded by CISCE.
- other pre-university certificate awarded after 12 years of academic studies.
- Standard XII Mathematics, Standard XII Physics, Standard XII Chemistry, Standard XII English, and one other Standard XII course, a minimum final grade of 70% in each.
- Overall 85% in the above 5 required courses.
Required Document List
Followings are the required documents:
- Official Transcripts: Students need to submit their copy of their original transcripts. Official transcripts are printed on security paper with the University of Waterloo seal and signature of the Registrar.
- Statement of Interest: Statement of interest is one of the few ways to describe that faculty have to understand the student's motivation, the seriousness of purpose, and their level of commitment to the discipline.
- Reference Letter: Students will choose letter writers that will be able to comment on their academic record as well as other experiences or relevant skill sets.
- CV/Resume: Students should probably provide a resume, a copy of their transcripts, as well as a copy of their statement of interest, and other relevant application material.
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Accenture Award-University of Waterloo | Scholarship per studentCA$ 2,000/Yr$2,000 | Level Of StudyBachelor | TypeCollege-Specific | |
| Jha Family Scholarship for Excellence in Finance | Scholarship per studentCA$ 2,500/Yr$2,500 | Level Of StudyBachelor | TypeCollege-Specific | |
| Arthur F. Church Mechanical Engineering Scholarships | Scholarship per studentCA$ 10,000/Yr$10,000 | Level Of StudyBachelor | TypeCollege-Specific | |
| University of Waterloo Merit Scholarship | Scholarship per studentCA$ 710/Yr$710 | Level Of StudyBachelor | TypeAwards | |
| Sandford Fleming Foundation Award for Academic Excellence | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| Go Clean Scholarship | Scholarship per studentCA$ 3,500/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based |
Options Available
| Program | Delivery Type | Duration | Program Type | Tuition Fees |
| B.Math Applied Mathematics | full time | 4 years | co-op, on-campus | CA$35945 |
| B.Math Combinatorics and Optimization | full time | 4 years | honours, co-op,on-campus | CA$35945 |
| B.Math Computational Mathematics | full time | 4 years | honours, co-op,on-campus | CA$35945 |
| B.Math Mathematics and Business Administration | full time | 4 years | honours, co-op,on-campus | CA$35945 |
| B.Math Pure Mathematics | full time | 4 years | on-campus | CA$35945 |
| B.Math Statistics | full time | 4 years | honours, co-op,on-campus | CA$35945 |
| B.Math Biostatistics | full time | 4 years | co-op, on-campus | CA$35945 |
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