Tiana Zhao in study room

What is Actuarial Science?

Today’s real-life financial problems require statistics, probability, and risk theory. Actuaries address the uncertainties associated with life insurance, property and casualty insurance, annuities, and pensions or other employee benefit plans.

We’ll provide you with the four basic requirements to becoming an actuary – education, experience, strong communication skills, and assistance in the completion of a series of qualifying exams by various professional bodies.

Meet Tiana

Tiana ZhaoTiana is a very active member on our campus. She is our senior math ambassador and the VP of logistics in the University of Waterloo finance association. On top of this, she is also the undergraduate representative in the Computing Advisory Council, the year representative in the Math Endowment Fund. Additionally, she was the lead accountant in TedxUW 2019 and then finally she is also a member of Club Supports Team in Feds. 

As an exceptional international student, Tiana is a recipient of the Global Scholarship from the Faculty of Mathematics which involves a large amount of on and off-campus extracurricular activities. Her off-campus involvements involve being a campus ambassador at both Coaching Actuaries and DreambigCareer. She is also a private tutor and attends dance practice in her free time.

“We have one of the best, competitive, challenging, and intellectually rewarding math programs in the world!”

Your first year

All first-year students take a common selection of math courses called core courses. Normally in the fall term, students take:

*Note: For suggested electives and more information please visit our course selection page.

Potential co-op and career opportunities

Potential co-op opportunities
Sample titles Sample employers
  • Finance and accounting analyst
  • Web solutions developer/technical analyst
  • Defined benefits pension administrator
  • Programmer enterprise portfolio management
  • Actuarial analyst
  • Data scientist
  • Insurance associate
  • Parmalat Canada
  • PricewaterhouseCoopers LLP
  • Morneau Shepell
  • Canada Life Financial Corporation
  • Intact Financial Corporation
  • London Life Insurance Company
  • Munich Reinsurance Company
Potential career opportunities
  • Actuarial Supervisor, Manulife Indonesia
  • Business Assessment Analyst, AEGON
  • Actuarial Analyst, Swiss Re Life & Health Canada
  • Actuarial Analyst, Canadian Media Production Assiciation
  • Caluation Team Lead, Manulife Financial
  • Actuary, AIG Global Investment
  • Actuarial Consultant/Analyst, Mercer Oliver Wyman
  • Actuarial Executive, Prudential Assurance Company Singapore

Contact the actuarial science advisors for more information