Study equations that include dollar signs
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.
First faculty of mathematics in North America
Waterloo 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.
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.
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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.
First-year courses and beyond
You may select advanced-stream courses for algebra, calculus, and computer science if you meet the requirements.
September to December
January to April
After first year
You'll take a mix of actuarial science courses and pure math courses, with additional courses in business, economics, and accounting. With your remaining classes, you can choose electives from many of the 100 subject areas at Waterloo.
View a list of courses required for your degree.
Sample upper-year courses
Customize your Mathematical Finance degree
You can add additional areas of expertise to your degree by including one or more of the minors available to all Waterloo students.
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
- Product manager assistant
- Security developer
- Quality assurance technician
- Risk analyst
- Trading products quantitative analyst
- Business application developer
- Data governance analyst
- Trading products quantitative analyst
Sample co-op employers
- AVIVA - COFCO Life Insurance
- CPP Investment Board
- Manulife Financial
- Pitney Bowes
- Bank of Montreal
- Pacific Services Canada Limited
What can you do with a degree in Mathematical Finance?
Waterloo Mathematical Finance graduates often pursue careers in investment banking, financial analysis, and more. They typically work in financial institutions, investment companies, and more.
- Investment Analyst – Manulife Financial
- Data Scientist – EMAGIN Clean Technologies
- Risk Analyst – TD Bank Group
- Associate Director, Counterparty Credit Risk – RBC Capital Markets
- Quantitative Investment Associate – Putnam Investments
- Quantitative Portfolio Manager – Lombard Odier
- Risk Modelling Analyst – TD Bank Group
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.
Apply to Mathematics and choose this major at the end of first year
Offered by the Faculty of Mathematics
Earn a Bachelor of Mathematics in Mathematical Finance
Ready to learn more?
- Visit the Mathematical Finance website
- Contact our Mathematics recruitment co-ordinator, who can answer any questions about the program
- Subscribe to our newsletter to get tips and advice from current students
Your choice: Four years or five
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.