Bachelor of Mathematics in Actuarial Science

Canada

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What will I learn?

The Department of Statistics and Actuarial Science is a top tier academic unit among statistical and actuarial science globally. Our students and faculty explore topics such as Actuarial Science, Biostatistics, Data Science, Quantitative Finance, Statistics, & Statistics-Computing. In this program, you'll take courses such as the mathematics of finance, risk theory, and pension mathematics taught by professional actuaries in one of North Americas top actuarial schools. Meanwhile, adding computer science, arts, and various math electives will give you the combination of technical and communication skills that employers are looking for. Whether you choose the regular stream or the co-op stream, you'll graduate ready to enter a great job market with great prospects and high starting salaries. Skip the professional exams. Because the Canadian Institute of Actuaries has accredited Waterloos Actuarial Science program, you can be exempted from several of their exams. Social and academic support. Through the student-run Actuarial Science Club, you can find a mentor, get career advice, or meet new friends over board games and bubble tea.

Which department am I in?

Faculty of Mathematics

Study options

Full Time (4 years)

Tuition fees
CAD$60,000.00 (36,38,789) per year
Start date

September 2025

Venue

Faculty of Mathematics

University of Waterloo,

WATERLOO,

Ontario (ON),

N2L 3G1, Canada

Entry requirements

For international students

Applicants have to complete ontario high school.

Ontario students: six Grade 12 U and/or M courses including

  • Advanced Functions
  • Calculus and Vectors
  • Any 4U English
  • One other 4U course

Recommended course: Grade 11 U Introduction to Computer Science

English language requirements:

  • Internet - based TOEFL (iBT) - 90 overall; 25 writing, 25 speaking.
  • IELTS Academic: 6.5 overall; 6.5 writing, 6.5 speaking, 6.0 reading, 6.0 listening.
  • MELAB: 85 overall; 80 per section; if you're applying to a co-op program: 3 speaking.
  • CAEL: 70 overall; 60 per band; 70 writing, 70 speaking.
  • PTE Academic: 63 overall; 65 writing, 65 speaking.

*There may be different IELTS requirements depending on your chosen course.

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