Academic Progression and Policies

To graduate with a Bachelor of Computing and Financial Management (BCFM), students must:

For the current list of policies for CFM, please see the Math Faculty Policies.

The relevant Undergraduate Calendar is normally the calendar that was in effect when you began your studies in Computing and Financial Management (CFM). Changes may be made to the calendar each year, so it is important that you review the Undergraduate Calendar that was in effect when you started CFM.

Academic progress and standing

Your academic progression in the CFM program is administered by the Faculty of Mathematics. Your academic progress will be evaluated at the end of each term and you will be given an academic standing based on your entire academic performance to date. To see your academic standing, run an unofficial transcript in Quest.

Review the Summary of Academic Standings for a few of the most common standings.



MAV > 60% and
SMAV > 70% and
CAV > 80%


MAV > 60% and
SMAV > 70% and
CAV between 60% and 80%


MAV < 60% and/or
SMAV < 70% and
CAV > 60%


MAV < 60% and/or
SMAV < 70% and
CAV < 60%


CFM students whose averages satisfy the “Excellent” or “Good” conditions, but whose total excluded course units is more than half the total of their passed (and not excluded) course units


  • MAV: average of all math courses, including CS
  • SMAV: average of all Faculty of Arts courses, including AFM
  • Excluded course: A grade below 50 (failure) or that a student has voluntarily excluded

Conditional standing

After receiving one conditional standing, CFM students are expected to make improvements in the following academic term that would result in an academic standing of "good" or "excellent". Additional conditional standings may be granted at the discretion of the Co-Directors if the student shows significant improvement in their term average but are unsuccessful in meeting the MAV and/or SMAV requirements.

Decision-making for academic progression

At least three courses from either faculty is required to calculate the MAV or SMAV respectively. CFM students may have a MAV after 1A but will not have accumulated sufficient Arts courses to calculate a SMAV. 

Students who are unsuccessful in meeting the academic requirements of CFM will be unable to continue in the CFM program and will normally be transferred to Honours Mathematics or Computer Science – depending on their current academic standing.

Maintain co-op eligibility

Since CFM is a co-op only program, your ability to continue in the program is not only dependent on meeting the academic requirements, but also remaining eligible for co-op.

There are a few ways you can risk becoming ineligible for co-op.

Academic standing Students with a “probation” or “marginal” academic standing, will normally be suspended from the employment process during their next academic term. After that term, suspended students will be eligible to apply for reinstatement to co-op. Provided that they are otherwise eligible for co-op, reinstatement will be automatic for applicants who have attained "Good" or "Excellent" academic standing as determined by the Faculty of Mathematics. In all cases, applications for reinstatement must be submitted no later than the end of the first complete week of the academic term for which reinstatement is requested. However, if after one full-time academic term (or equivalent) on suspension, students have not attained "Good" or "Excellent" standing, they will normally become ineligible for co-op and thus, CFM.
Professional Development (PD) Two missing or failed PD courses will result in co-op probation. 
Work terms Failure to complete a minimum of 5 work terms will result in your inability to graduate with a BCFM. Students can submit a Petition to graduate with 4 successful work terms. These petitions may be granted in exceptional circumstances.

Academic integrity

All members of the University of Waterloo community are expected to hold to the highest standard of academic integrity in their studies, teaching, and research. The University of Waterloo community are expected to promote honesty, trust, fairness, respect, and responsibility.

Policies and other information that relate to this vision of academic integrity include:


Policy # Name
33 Ethical behaviour
69 Conflict of Interest
70 Student Petitions and Grievances
71 Student Discipline
73 Intellectual Property Rights