Mathematical Finance

Study equations that include dollar signs

Students in the Mathematical Finance program at the University of Waterloo.

In one of the most advanced undergraduate finance programs in the world, you’ll focus on the math behind financial markets.

Offered jointly by the Department of Pure Mathematics and the Department of Statistics and Actuarial Science, Mathematical Finance is designed for students with elite mathematical abilities who wish to pursue finance combined with pure mathematics.

Our challenging curriculum includes courses on corporate finance, mathematical finance, asset-liability management, statistics, and forecasting. It also provides a co-op stream where students can gain up to two years of paid work experience.

This is a degree that can launch your high-flying career in banking and finance.

#1First faculty of mathematics in North America

briefcaseAvailable as a co-op and regular program

globeWaterloo is an international leader in Mathematics


Mathematical Finance admission requirements

Apply to Mathematics and choose Mathematical Finance 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.

Finance program students talking about a project while sitting on red bench inside.

The Mathematical Finance program allows you to explore your interests in finance and theoretical math simultaneously.

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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.


Arrow pointing up and clickingApply to Mathematics and choose this major at the end of first year

math tieOffered by the Faculty of Mathematics

Graduation capEarn a Bachelor of Mathematics in Mathematical Finance


Ready to learn more?

Your choice: Four years or five

Gain 24 months of paid work experience through Waterloo's five-year co-op program or fast track your degree by choosing the regular system of study and graduate in four years.

Social and academic support

Whether you’re looking for a study group or a night out with your classmates enjoying chicken wings, the Math Finance Student Association has you covered.