Mathematical Finance

Sabrina Zhai

 “I really like the culture at Waterloo. It’s so inclusive — you get to meet a lot of students from different backgrounds and a lot of other people who are passionate about math. Interacting with them on a daily basis is really exciting.”

What is Mathematical Finance?

Mathematical Finance is an elite program designed for students with outstanding mathematical skills who want a career in high-level quantitative finance. In one of the most advanced undergraduate finance programs in the world, you’ll take courses in corporate finance, real analysis, asset liability management and forecasting. The program delivers solid mathematical training and a modern understanding of the financial market to prepare you for the broad field of banking and finance after graduation

  • Available as a co-op or regular program
  • There are 40 courses for this degree
  • Graduate with a Bachelor of Mathematics, major in Mathematical Finance

First-year courses

  • MATH 135/145 - Classical Algebra
  • MATH 137/147 - Calculus 1
  • CS 115/135/145 - Computer Science
  • A communications course
  • One non-math elective

See full courses in our undergraduate calendar.

Upper-year courses

  • ACTSC 372 - Corporate Finance
  • PMATH 351 - Real Analysis
  • STAT 443 - Forecasting
  • ACTSC 445 - Quantitative Enterprise Risk Management

Sample co-op jobs

  • Quantitative Analyst, BMO
  • Product Manager Assistant, AVIVA — COFCO Life Insurance
  • Portfolio Analyst — GCM — Derivatives, CPP Investment Board
  • Audit Co-op Student — Market Risk, Scotiabank
  • Quantitative Analyst, Manulife Financial

Sample careers

  • Derivatives Analyst, Canada Pension Plan Investment Board
  • Director, International Strategy and Banks Research, China Construction Bank International
  • Finance Operation Analyst, GE Canada Inc.
  • Investment Analyst, Dancap Global Asset Management
  • Treasury Manager, Avolon

Student stories

Meet Nidhi

Nidhi is double major in Mathematical Finance and Statistics. She is from United Arab Emirates and was attracted to study at the University of Waterloo because of the institution's international reputation in math and co-op. She's worked as an Accounting Analyst, Financial Analyst and Actuarial Analyst and hopes to hone these experiences to work in finance-related careers. She's a member of the UW Finance Club and UW Ballroom Club and enjoys rock climbing, crocheting ,art and reading.

Meet Sabrina

While at the University of Waterloo, Sabrina has taken advantage of the global opportunities that the school has to offer - including a co-op term in Switzerland. When on-campus in Waterloo, she is part of the Archery Club and in her spare time she likes to practice and play the piano.

Similar programs

If you're interested in Mathematical Finance, you may also be interested in these programs that offer similar courses or career opportunities:

How to apply

Apply to Mathematics for admissions consideration. If admitted, speak with an academic advisor after first year to declare Mathematical Finance as a major.

Find out more information on the steps to apply.