Actuarial Science

Predict the future — without a crystal ball

A student in the Actuarial Science program at the University of Waterloo.

Focus your studies by adding a specialization in Finance or Predictive Analytics, preparing you for careers in business, insurance, and finance.

How will the stock market perform next February? How much will insurance companies pay out in claims next year? With an Actuarial Science degree from Waterloo, you’ll have the answers.

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 America’s 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.

Program highlights

Skip the professional exams. Because the Canadian Institute of Actuaries has accredited Waterloo’s Actuarial Science program, you can be exempted from several exams for your actuarial designation.

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.


What will you learn?

First-year courses

You'll take a mix of Mathematics and Computer Science to give you the foundations for your upper-year classes. After first year, the majority of your required courses will be Actuarial Science courses with additional courses in Statistics and Mathematics, along with electives.

Learn about courses you'll take for your Actuarial Science degree.

Customize your degree in Actuarial Science

You can add additional areas of expertise by including a Finance or Predictive Analytics specialization.

Once you're a student, advisors can help you explore which minors or specializations may fit into your plans.


Get tips from Waterloo students

Sign up for insider advice that can help you now and in the future.

Monthly topics include how to choose a program, what it's like to be a Waterloo student, the differences between high school and university, and more.

Questions? Ask a student!

Contact a Faculty of Mathematics student ambassador to learn about their experience in the program.

Ask them questions such as why they chose their program, what the classes are like, and how you can get involved on campus.


Actuarial Science admission requirements

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

Admission averages: Individual selection from the high 80s

How to apply?

Apply to Mathematics and choose Actuarial Science as your major at the end of first year. Once you've applied, you'll need to complete the Admission Information Form as part of the application process.

We strongly encourage you to participate in the Canadian Senior Mathematics Contest and/or the Euclid Mathematics Contest to enhance your admissions status.

To be considered for entrance scholarships in the Faculty of Mathematics, you must write one or both of the contests. If you complete both contests, we'll use the results of the contest in which you performed best.

Connect with us

Questions about courses, programs, requirements, or careers?

Please contact our Faculty of Mathematics recruitment coordinator who can answer any questions you have.