Mathematics 3 (M3) building on Waterloo's main campus
Join a vibrant research environment and deepen your knowledge in one of our four areas of study with the Master of Mathematics in Actuarial Science.
A research-based program, you'll be best suited to this program if you have a background in actuarial science, statistics, mathematics or other quantitative fields.
The program focuses on research areas including actuarial science practice, actuarial science theory, finance and probability.
With the flexibility to pursue a research paper or thesis option, you’ll have top-notch qualifications to conduct further research at the PhD level or pursue a career in business, industry, government agencies, research organizations, or academia. Our graduates are in demand and enjoy high degrees of job satisfaction.
Research fields
- Actuarial Science Practice
- Actuarial Science Theory
- Finance
- Probability
Program overview
Department/School: Statistics and Actuarial Science
Faculty: Faculty of Mathematics
Admit term(s): Fall (September - December)
Delivery mode: On-campus
Program type: Master's, Research
Length of program: 16 months (full-time)
Registration option(s): Full-time, Part-time
Study option(s): Thesis, Master's Research Paper
Application deadlines
- January 6 (for admission in September)
Key contacts
That ‘Waterloo’ word has always stuck in my mind. The Faculty of Mathematics is considered to be number-one in the world, and I wanted to learn from the best.
Supervisors
- Review the finding a supervisor resources.
- Before applying to the program, students are strongly advised to establish contact with potential supervisors.
Admission requirements
- A four-year honours bachelor degree with a significant actuarial science and/or statistics component.
- Note: graduates of other quantitative and mathematically oriented programs are also encouraged to apply; this includes, but is not restricted to, graduates of commerce, economics, engineering, finance, and any of the physical sciences. The department graduate committee will determine the suitability of each student’s background for success in this program.
- An overall 78% average from a Canadian university (or its equivalent).
- An interview may be required.
Degree requirements
- Review the degree requirements in the Graduate Studies Academic Calendar, including the courses that you can anticipate taking as part of completing the degree.
- Check out Waterloo's institutional thesis repository - UWspace to see recent submissions from the Department of Statistics and Actuarial Science graduate students.
Application materials
- Resume
- Statement of interest
- A statement of maximum 500 words explaining your interest in and fit for the program you’re applying to, uploaded as a supporting document in the online application. Review the writing your personal statement resources for helpful tips and tricks on completion.
- Program-specific questions (PSQ)
- These are questions specific to the program you’re applying to. They can be viewed once you’ve started an application and are completed through a form in the online application.
- Transcript(s)
- References
- Three references, normally from academic sources.
- Proof of English language proficiency, if applicable
- TOEFL 90 (writing 25, speaking 25), IELTS 7.0 (writing 6.5, speaking 6.5)
Tuition and fees
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Visit the graduate program tuition page on the Finance website to determine the tuition and incidental fees per term for your program.
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Review living costs and housing.
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Review the funding graduate school resources for graduate students.