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.
- Available as a regular and co-op program
- Graduate with a Bachelor of Mathematics in Actuarial Science
- Offered by the Faculty of Mathematics
What will you learn?
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.
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.
Co-op = relevant paid work experience
By alternating school terms and paid co-op work terms throughout your degree, you can explore new career areas and types of employers as your career interests evolve.
Visit our Waterloo Stories website to learn about how Kerthanan is using the lessons he learnt in his co-op terms for his career after university.
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
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.
Student life, including women in mathematics
Math Society (MathSoc)
MathSoc is run by students for students and provides a wide range of clubs and services as well as social and academic events to make your experience as a Waterloo Mathematics student the best it can be. There are many ways to get involved and to meet students in other Faculty of Mathematics programs.
Outside of the Faculty of Mathematics, our campus is packed with opportunities to get involved, no matter how unique your interests. Between clubs supported by the Waterloo Undergraduate Student Association, sports and recreation, student government, and an incredible range of events, there's something for everyone at Waterloo!
Women in Mathematics
The Women in Mathematics (WiM) community encourages and advocates for women of all ages who are interested in studying math and pursuing a career in a related area. WiM strives for all genders to be well-represented in mathematics and welcomes people with under-represented gender identities.
Women in Computer Science
Women in Computer Science (WiCS) promotes gender equity for students interested in studying computer science and pursuing career in computing. WiCS has a very active student-run committee and offers events such as the Big CSters mentoring program, workshops, a speaker series, and panels about diversity in computer science and STEM.
There's also Women in Science, Technology, Engineering, and Mathematics (WiSTEM), a student-run club that welcomes all students (regardless of gender) to promote equality in STEM. Opportunities include skills workshops, discussions, homework help, and guest speakers.
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.
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?
Contact Laura Jane Watkins, our Mathematics recruitment coordinator, who can answer any questions you have.