Actuarial Science
Mathematical risk modelling - one of the highest-paid and most intellectually demanding degrees in Canada.
Actuarial Science applies mathematics, statistics, and financial theory to assess and manage risk. Students take a series of professional exams (SOA or CAS) alongside their degree. Waterloo's program is arguably the best in the world and produces a disproportionate share of Canada's actuaries.
Admission Average
high 80s to low 90s; strong CEMC contest performance helps at Waterloo (Tier 3 (<85%))
Typical High School Prerequisites
- English
- Advanced Functions
- Calculus & Vectors
- One additional U/M course
- Strong CEMC contest performance helps at Waterloo
Skills You'll Build
- Probability & Risk Modelling
- Financial Mathematics
- Statistical Computing
- Professional Exam Discipline
- Long-Horizon Planning
Program Facts
- Typical length: 4 years
- Co-op available: Yes
- Graduate school: Not typically required
- Demand outlook: Stable Growth
Top Universities
- University of Waterloo – Waterloo, ON
- University of Toronto – Toronto, ON
- University of British Columbia – Vancouver, BC
- Concordia University – Montreal, QC
Careers This Major Leads To
- Actuary – Entry $80,000
- Financial Analyst / CFA – Entry $65,000