Bachelor Of Mathematics - Actuarial Science at University of Waterloo - Program overview

Program overview

Admission Requirements

Intakes

Last updated on 2025-11-18

Program overview

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Program overview

At the University of Waterloo, one of North America's leading actuarial science schools, students pursuing a Bachelor of Mathematics in Actuarial Science will learn to apply mathematics and statistics to forecast uncertain events in finance and insurance. This program equips students with the essential skills needed to analyze risks and make informed decisions in various financial contexts. With a strong emphasis on both technical and communication skills, graduates are well-prepared to enter a competitive job market with promising career prospects and attractive starting salaries.

Program structure

The Bachelor of Mathematics in Actuarial Science program is designed to provide a comprehensive education over a four-year period. Students can choose between two streams: the regular program or the co-op program, which integrates practical work experience with academic learning. Key features of the program structure include:

Program Length: 4 years
Co-op options available for hands-on experience
Combination of core actuarial science courses, mathematics, and statistics
Electives from various disciplines to enhance learning

Students are encouraged to engage in co-op placements starting in their second year, allowing them to alternate between academic study and relevant work experience, thereby enriching their educational journey.

Featured Experiences

The Bachelor of Mathematics in Actuarial Science program offers several unique experiences that enhance student learning and career readiness:

Co-op Program: Provides relevant paid work experience, allowing students to apply classroom knowledge in real-world settings.
Actuarial Science Club: A student-run organization that offers mentorship, career advice, and social events.
Specializations: Options to specialize in Finance or Predictive Analytics to tailor the degree to specific career goals.
Networking Opportunities: Engage with industry professionals through events and workshops organized by the faculty.
Hands-on Learning: Opportunities to participate in competitions and projects that foster practical skills.

Career Options

Graduates of the Bachelor of Mathematics in Actuarial Science program from Waterloo are well-equipped to pursue a variety of career paths in Canada. Some potential job titles include:

Financial Business Analyst: Analyzes financial data to help organizations make informed business decisions.
Senior Actuarial Analyst: Works on complex actuarial projects, providing insights into risk management and financial forecasting.
Advisory Analyst: Offers strategic advice to clients in the insurance and finance sectors, focusing on risk assessment.
Risk Modelling Analyst: Develops models to predict and mitigate financial risks for organizations.
Actuarial Associate: Assists in the evaluation of insurance policies and pension plans, ensuring compliance with regulations.
Data Scientist: Utilizes statistical methods and algorithms to analyze large datasets and derive actionable insights.
Insurance Associate: Supports insurance operations by analyzing claims and underwriting processes.

DISCLAIMER: The information above is subject to change. For the latest updates, please contact LOA Portal's advisors.

Visit University of Waterloo official website

Last updated on 2025-11-18

Program overview

Academic Requirements

For the Bachelor of Mathematics - Actuarial Science program at the University of Waterloo, the following Academic Requirements apply:

Minimum GPA: An overall average of 8.3 is required.
Prerequisite Courses: Students must have completed English and Mathematics with a minimum grade of 7.5 in each.
International Students:
- For students from Vietnam, the Bàng Tốt Nghiệp Phố Thông Trung Học (Secondary School Graduation Certificate) is required.
Transcripts may be required to be evaluated by WES in some cases.

It is advisable for all students to apply as soon as possible to ensure they meet the necessary deadlines.

If you have any questions or need further clarification regarding the Academic Requirements, please feel free to contact LOA Portal's advisors for support.

English Language Requirements

English is the language of instruction at the University of Waterloo. Success in our programs requires a high level of English language proficiency.

You need to provide an English language test score if:

your four most recent years of full-time education have NOT been in an English-language school system AND
your first language is NOT English.

Required English Language Scores

Tests that do not appear on this chart are not accepted for admission consideration.

Official test scores must be sent by the testing agency directly to Waterloo's Office of the Registrar. Emails, faxes, and student copies of test scores are not accepted for admission.

Test	Minimum Score	How to Send Test Results
Internet-based TOEFL (iBT), including Home Edition and Paper Edition	90 overall, 25 writing, 25 speaking	Waterloo's institution code is 0996 and our department code is 00. We do not accept electronic TOEFL scores for undergraduate admissions.
IELTS Academic	6.5 overall, 6.5 writing, 6.5 speaking, 6.0 reading, 6.0 listening	We accept the electronic Test Report Form (TRF). Waterloo's e-transfer institution name is University of Waterloo – Undergraduate OR University of Waterloo Admissions.
CAEL or CAEL online	70 overall, 60 per band, 70 writing, 70 speaking	You must log in to your affiliated account and select University of Waterloo as a recipient institution.
PTE Academic	63 overall, 65 writing, 65 speaking	Send your Score Report Code or Registration ID to myapplication@uwaterloo.ca.
Cambridge English test (C1 Advanced or C2 Proficiency)	180 overall, 176 writing, 176 reading, 176 speaking, 176 listening	Go to the Candidate Results Online portal, input your ID and secret number then click on "Send my result."
Duolingo English test	The minimum requirement for tests completed before July 1, 2024 is an overall score of 120, with minimum Literacy and Production scores of 110. Tests completed after July 1, 2024 require an overall of 120 with Literacy and Production scores of 125 for direct entry to a Waterloo program.	Results will not be accepted without subscores. You must log in to your affiliated account and select University of Waterloo – Undergraduate as a recipient institution.
EFAS - English for Academic Success	75% overall in 400 levels, 75% in each of academic, oral, and writing	Your scores will be sent to us automatically by the English Language Institute.

DISCLAIMER: The information above is subject to change. For the latest updates, please contact LOA Portal's advisors. The listed minimum requirements are a guideline and do not guarantee admission. Do not worry, we will notify you of any changes during the application process.

Not meeting the minimum language requirements?

You may still be able to apply!