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Co-op students must be paid at least the minimum wage of the applicable work location. Connect with your account manager if you have questions or are looking for further guidance
Need help financing your new student hire? There are several grants, tax credits and funding programs available to Canadian employers that may subsidize or cover the cost of your hire, regardless of your business size. Explore our funding opportunities webpage to learn more.
The University of Waterloo publishes co-op student earnings information annually. The following information is student-reported earnings from January - December 2023.
In the table below, the top figure represents the average hourly earnings for the given co-op program and work term level. The hourly salary range is included below.
This information is intended as a guideline. Use it, along with known market conditions for informational purposes only. Our co-operative education team does not establish or recommend pay levels for co-op students.
Co-op program | Work term 1 |
Work term 2 |
Work term 3 |
Work term 4 |
---|---|---|---|---|
Chartered Professional Accounting programs | $22.45 (average) Low: $16.00 |
$24.09 (average) Low: $16.00 |
$26.15 (average) Low: $17.50 |
$25.83 (average) Low: $17.00 |
NOTE: Students self-reported this work term data, in Canadian dollars, from January to December 2023. It excludes any alternative remuneration received in addition to reported earnings.
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The University of Waterloo acknowledges that much of our work takes place on the traditional territory of the Neutral, Anishinaabeg and Haudenosaunee peoples. Our main campus is situated on the Haldimand Tract, the land granted to the Six Nations that includes six miles on each side of the Grand River. Our active work toward reconciliation takes place across our campuses through research, learning, teaching, and community building, and is co-ordinated within the Office of Indigenous Relations.