Key Performance Indicators - University of Waterloo 2024

as required by the Ontario Ministry of Colleges and Universities

Employment Rates | Degree Completion Rates | COISL Default Rates

Employment Rates

Survey of Graduates of 2021 (Survey year 2023)

Data Updated November 2024

Program Category

Waterloo 6 Months %

Waterloo 2 Years % System* 6 Months % System* 2 Years %
Agriculture/Bio Science 94.9% 94.0% 87.1% 92.0%
Architecture/Landscape 92.9% X 92.1% 91.2%
Business & Commerce 94.8% 92.1% 93.5% 94.7%
Computer Science 96.1% 96.9% 86.4% 90.9%
Engineering 95.7% 96.1% 88.7% 93.6%
Fine & Applied Arts X X 82.7% 89.4%
Health Professions 93.0% 96.0% 90.1% 93.3%
Humanities 92.9% 90.2% 89.7% 92.9%
Kinesiology, Recreation & Phys Ed 93.7% 93.3% 91.6% 95.4%
Law 95.0% 95.0% 95.9% 95.5%
Mathematics 90.4% 97.6% 87.6% 91.9%
Optometry 100.0% 100.0% 100.0% 100.0%
Other Arts & Science 84.8% 95.5% 88.7% 94.1%
Pharmacy 100.0% 100.0% 100.0% 99.3%
Physical Science 91.2% 94.9% 87.3% 94.3%
Social Sciences 91.4% 94.3% 88.6% 93.5%
Theology X X 95.7% 92.6%
Overall Average 93.6% 94.9% 90.6% 94.1%

*System (Ontario universities) overall averages include program categories that are not offered at the University of Waterloo.

Cell counts less-than or equal -to 10 are displayed as "x".

The employment rate is the number of employed persons expressed as a percentage of those persons who were employed, or unemployed but looking for work.

Ontario universities surveyed the 2021 graduates of undergraduate degree programs. Graduates were asked about their employment situation six months and two years after graduation.

For more information about career opportunities for University of Waterloo. graduates, visit Career Services.

Degree Completion Rates

For the 2015 Year-One Cohort 

Data updated November 2024

Program Category

Waterloo %

System* %
Agriculture/Bio Sciences 85.4% 79.7%
Architecture/Landscape 85.1% 83.9%
Business & Commerce 86.7% 80.8%
Computer Science 91.3% 66.9%
Engineering 90.4% 82.0%
Kinesiology, Recreation & Phys Ed 83.8% 81.6%
Mathematics 85.5% 79.3%
Optometry 97.8% 97.8%
Other Arts and Science 80.1% 75.7%
Other Health Professions 84.9% 82.1%
Pharmacy 99.2% 96.9%
Physical Science 77.2% 68.9%
Social Sciences 81.3% 68.6%
Overall Average 86.4% 78.2%

*System (Ontario universities) overall average includes program categories that are not offered at the University of Waterloo. 

This table shows the percent of first-year students in September 2015 who received any University of Waterloo undergraduate degree by 2022. The program categories shown in the table are those from September 2015.

The degree completion rates shown are somewhat understated for the University of Waterloo. Students who study for one or two years at the University of Waterloo then transfer to a program at another university, for example medicine which the University of Waterloo does not offer, are computed as not receiving a degree at the University of Waterloo.

The Ministry of Colleges and Universities has calculated the degree completion rates shown in this table.

COISL Default Rates

2023 (TBD)

System data by program not available

Program Category Waterloo % System* %
Agriculture/Bio Science    
Architecture/Landscape    
Business & Commerce    
Computer Science    
Engineering    
Fine and Applied Arts    
Humanities    
Kinesiology, Recreation & Phys Ed    
Law    
Mathematics    
Optometry    
Other Arts and Science    
Other Health Professions    
Pharmacy    
Social Sciences    
Theology    
Overall Average    

Canada-Ontario Integrated Student Loan Default Rate (COISL) includes those who defaulted on Canada Student Loans and Ontario Student Loans. The 2022 OSAP loan repayment measures reflect the repayment status of students who:

  • were issued COISLs in the 2019-20 academic year, and
  • completed or left their studies by 2020-21.

The default status of these loans was assessed as of July 2023, about two years after the 2019-20 academic year.

*System (Ontario universities) overall average includes program categories that are not offered at the University of Waterloo.

Loan recipient counts less-than or equal -to 10 are displayed as "x".

Waterloo provides information to students about financial aid through the Student Awards Office.

The work experience students receive as part of our co-operative education programs provide them with funding while studying and good jobs with good incomes after graduation. For more information about our co-op programs, visit the Co-op Education and Career Services website.

The Ministry of Colleges and Universities has calculated the OSAP (Ontario Student Assistance Program) default rates shown in this table.

RAP Usage Rates

The Repayment Assistance Plan (RAP) provides help to borrowers having difficulty repaying their government student loans. If their RAP application is approved, either no payment is required, or the borrower qualifies for a reduced payment for six months.

The borrower’s family income (borrower, and spouse if applicable), family size and amount of student loan debt are used to determine eligibility.

2023 (TBD)

Program Category Waterloo % System* %
Agriculture/Bio Science    
Architecture/Landscape    
Business & Commerce    
Computer Science    
Engineering    
Fine and Applied Arts    
Humanities    
Kinesiology, Recreation & Phys Ed    
Law    
Mathematics    
Optometry    
Other Arts and Science    
Other Health Professions    
Pharmacy    
Social Sciences    
Theology    
Overall Rate    

RAP Usage Rates - Ontario institutions

Ontario Institution

2023 RAP Usage Rate
University of Waterloo  
Queen's University  
McMaster University  
Nipissing University  
University of Ottawa  
University of Guelph  
Western University  
Brock University  
Lakehead University  
Wilfrid Laurier University  
Laurentian University  
Carleton University  
University of Toronto  
Trent University  
University of Windsor  
Ontario Tech University  
York University  
Toronto Metropolitan University  
Ontario College of Art and Design  

*System (Ontario universities) overall average includes program categories that are not offered at the University of Waterloo.

Repayment Assistance Plan (RAP) Usage Rates: the number of borrowers who used RAP for one or more terms expressed as a percentage of the number of loan recipients.

RAP usage counts less-than or equal -to 10 are displayed as "x".

Waterloo provides information to students about financial aid through the Student Awards Office.

The work experience students receive as part of our co-operative education programs provide them with funding while studying and good jobs with good incomes after graduation. For more information about our co-op programs, visit the Co-op Education and Career Services website.

The Ministry of Colleges and Universities has calculated the RAP rates.