Mathematics/Financial Analysis and Risk Management

Crunch numbers. Calculate odds. Create career success.

The world of finance requires professionals with strong mathematical and analytical skills. You’ll hone them both in this challenging program — one of just a handful across the country recognized by the CFA Institute.

Whether you choose to specialize in Chartered Financial Analyst or Professional Risk Management, you’ll study a mix of mathematics, finance, accounting, and economics — giving you the perfect foundation for a career in banking, investment management, or risk management.

Meanwhile, if you opt for the co-op program, you’ll also have 2 years of paid work experience on your résumé. Or you can complete this degree online.


Admission requirements

Ontario students: 6 Grade 12 U and/or M courses including

  • Advanced Functions
  • Calculus and Vectors
  • Any Grade 12 U English
  • One other 4U course
  • Grade 11 Introduction to Computer Science is recommended

Admission averages: Individual selection from the high 80s

Complete the Admission Information Form once you've applied.

Not studying in Ontario? Search our admission requirements for Mathematics/Financial Analysis and Risk Management.

 

We strongly encourage you to participate in the Canadian Senior Mathematics Contest and/or the Euclid Mathematics Contest to enhance your admissions status. As well, to be considered for entrance scholarships in the Faculty of Mathematics, you must write one or both of the contests. If you complete both, we'll use your higher grade.



First-year courses

You may also select advanced courses in algebra, calculus, and computer science if you meet the requirements.

September to December

  • MATH 135 - Algebra
  • MATH 137 - Calculus 1
  • Choose one of:
    • CS 115 - Introduction to Computer Science
    • CS 135 - Designing Functional Programs
  • 1 communication skills course
  • 1 elective

January to April

  • MATH 136 - Linear Algebra 1
  • MATH 138 - Calculus 2
  • Choose one of:
    • CS 116 - Introduction to Computer Science 2
    • CS 136 - Algorithm Design and Data Abstraction
  • 1 communication skills course
  • 1 elective
 

You're encouraged to select 2 courses from AFM 101, ECON 101, ECON 102 and BUS 111W using your first-year electives.

After first year

You'll take a variety of upper-year courses in statistics, finance, business, and accounting. With your remaining classes, you can choose electives from many of the 100 subject areas at Waterloo.

In your third year, you'll be able to choose the Chartered Financial Analyst Specialization or Professional Risk Management Specialization.

You can add additional areas of expertise to your degree by including one or more of the minors available to all Waterloo students.

Sample upper-year courses

CS 341 – Algorithms
STAT430 – Experimental Design
CS 492 – The Social Implications of Computing
STAT 443 – Forecasting

 

briefcaseAvailable as a co-op, regular, and online program

Arrow pointing up and clickingApply directly to this program on your application

Graduation capEarn a Bachelor of Mathematics

 

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.

Sample co-op job titles

  • Information systems assistant
  • Associate business analyst
  • Investment performance intern
  • Junior gaming analyst
  • Data analyst
  • Hedging & assets specialist
  • Trading products quantitative analyst

Sample co-op employers

  • TD Bank Financial Group
  • Bank of Montreal
  • Bell Canada
  • SS&C Technologies
  • Ontario Lottery & Gaming Corporation
  • Ontario Teachers' Pension Plan
  • CPP Investment Board
 

#1First faculty of mathematics in North America

math tieOffered by the Faculty of Mathematics

globeWaterloo is an international leader in mathematics

 

What can you do with a degree in financial analysis and risk management?

Our graduates often pursue careers in risk analysis, consulting, business development, and related areas. They often work for insurance companies and financial institutions. 

Recent graduates

  • Portfolio Management, Evaluator – Foresea Life Insurance Company
  • Observational Risk Analyst – CIBC
  • Data Support Analyst – Sustainanalytics
  • Capital Markets Risk Management Associate – TD Securities 
  • Business Development Planner, Nissan Finance – Nissan Canada 
  • Consultant – Capgemini Canada 
  • Treasury Manager - TD Canada Trust

Social and academic support

Through the Financial Analysis and Risk Management Students Association (FARMSA), you’ll find the knowledge, tools, and networks you need to thrive within the financial services industry.

Earn a CFA or PRM

When you graduate, you'll be prepared to write the Chartered Financial Analyst (CFA) exams or to pursue other professional designations, such as Professional Risk Manager (PRM) or Fellow of the Canadian Securities Institute.

 

Learn more