Bachelor Of Mathematics - Mathematical Finance 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

Join one of the most advanced undergraduate finance programs in the world with the Bachelor of Mathematics in Mathematical Finance. This program is tailored for students who possess exceptional mathematical skills and aspire to excel in the finance sector. You will delve into the intricacies of financial markets, gaining a robust understanding of corporate finance, quantitative risk management, and statistical forecasting. The program is jointly offered by the Department of Pure Mathematics and the Department of Statistics and Actuarial Science, ensuring a comprehensive educational experience that prepares you for a successful career in banking and finance.

Program structure

The Bachelor of Mathematics in Mathematical Finance offers a flexible structure designed to accommodate various student needs. You can choose between two options:

Four-year program: Complete your degree in four years.
Five-year co-op program: Gain 24 months of paid work experience while completing your degree.

This program typically includes a mix of foundational courses in mathematics and computer science in the first year, followed by specialized courses in actuarial science, statistics, and pure mathematics in subsequent years. Students can also select advanced-stream courses if they meet the requirements. The program emphasizes a blend of theoretical knowledge and practical application, preparing graduates for real-world challenges.

Featured Experiences

Co-op Program: Engage in a leading co-op program that allows you to alternate between study and work every four months, integrating classroom learning with real-world experience.
Paid Work Experience: Gain valuable paid work experience, enhancing your resume and professional network.
Student Associations: Join the Math Finance Student Association for social and academic support, including study groups and events.
Networking Opportunities: Participate in events like Hack the North, connecting with students globally and enhancing your skills.

Career Options

Graduates of the Bachelor of Mathematics in Mathematical Finance can pursue a variety of rewarding careers in Canada, including:

Investment Analyst: Analyze investment opportunities and provide recommendations to clients or firms.
Data Scientist: Utilize statistical methods and algorithms to analyze complex data sets and inform business decisions.
Risk Analyst: Assess and mitigate financial risks for organizations, ensuring compliance and strategic planning.
Quantitative Investment Associate: Develop and implement quantitative models to guide investment strategies.
Trading Products Quantitative Analyst: Analyze trading data and develop strategies to optimize trading performance.

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

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Last updated on 2025-11-18

Program overview

Academic Requirements

For the Bachelor of Mathematics - Mathematical Finance 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. For any clarification and support regarding the application process, please contact LOA Portal's advisors.

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!