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.
Program highlights
- 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 cheesy nachos, the Math Finance Student Association has you covered.
- Available as a regular or co-op program
- Graduate with a Bachelor of Mathematics in Mathematical Finance
- Offered by the Faculty of Mathematics
The Mathematical Finance program allows you to explore your interests in finance and theoretical math simultaneously.
What will you learn?
First-year courses
During your first year, you'll take a mix of foundational courses in Math and Computer Science. In upper years, most of the classes you'll take will be in Actuarial Science and Pure Math.
Learn more about the courses you'll take for your Mathematical Finance degree.
Customize your degree
You can add additional areas of expertise to your degree by including one or more of the minors available to all Waterloo students.
Once you're a student, advisors can help you explore which minors or specializations may fit into your plans.
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Contact a student ambassador
Ask a Faculty of Mathematics student about their program, classes, getting involved on campus, and more!
Mathematical Finance 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 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.
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.
