Predict the future — without a crystal ball
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.
Skip the professional exams
Because the Canadian Institute of Actuaries has accredited Waterloo’s 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.
First faculty of mathematics in North America
Earn a Bachelor of Mathematics in Actuarial Science
Actuarial Science admission requirements
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.
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.
For September 2020, participating in the Euclid Mathematics Contest is NOT required for admission or for a scholarship. You will not be penalised in any way for not participating in the Euclid this year.
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First-year Actuarial Science courses
You may also select advanced-stream courses for algebra, calculus, and computer science if you meet the requirements.
September to December
January to April
After first year
The majority of your required courses will be actuarial science courses with additional courses in statistics and mathematics. With your remaining classes, you can choose electives from many of the 100 subject areas at Waterloo.
View a list of all the courses required for your degree.
Sample upper-year courses
ACTSC 371 – Introduction to Investments
ACTSC 372 – Corporate Finance
ACTSC 453 – Basic Pension Mathematics
ACTSC 455 – Advanced Life Insurance Practice
Apply via Mathematics and choose Actuarial Science as your major
Offered by the Faculty of Mathematics
Waterloo is an international leader in Mathematics
Co-op = relevant paid work experience
Sample co-op job titles
- Finance and accounting analyst
- Web solutions developer/technical analyst
- Defined benefits pension administrator
- Programmer enterprise portfolio management
- Actuarial analyst
- Data scientist
- Insurance associate
Sample co-op employers
- Parmalat Canada
- PricewaterhouseCoopers LLP
- Morneau Shepell
- Canada Life Financial Corporation
- Intact Financial Corporation
- London Life Insurance Company
- Munich Reinsurance Company
Customize your Bachelor of Mathematics degree in Actuarial Science
You can add additional areas of expertise by including one or more of the minors available to all Waterloo students.
What can you do with a degree in Actuarial Science?
Waterloo Actuarial Science graduates commonly pursue careers in finance, management, education, actuary, risk analysis, and consulting. They often work at insurance companies, financial institutions, schools, and more.
- Financial Business Analyst – BMO Bank of Montreal
- Senior Actuarial Analyst – Sun Life Financial
- Advisory Analyst – State Farm Insurance Company
- Risk Modelling Analyst – TD Securities
- Actuarial Associate – Manulife Financial
- Actuarial Analyst – Munich Reinsurance
- Head, Operations - Visionary Semiconductor
Learn about the future of careers in business.