Actuarial Science and Quantitative Finance - Doctor of Philosophy (PhD) at University of Waterloo

Programme overview

Join a vibrant research environment and generate new knowledge in one of our four areas of study with the PhD in Actuarial Science and Quantitative Finance. You'll be best suited to this program if you have completed a master’s or bachelor’s degree in statistics, actuarial science, mathematics, or other quantitative disciplines. The program focuses on research areas including actuarial science practice, actuarial science theory, finance and probability.

Faculty: Faculty of Mathematics | Department: Statistics and Actuarial Science | Duration: 48 months (full-time) | Study mode: full-time | Intake: Fall (September - December); application deadlines: December 1 (for admission in September of the following year) | Location: Waterloo, Ontario, Canada

What you will study

Research fields: Actuarial Science Practice, Actuarial Science Theory, Finance, Probability. Study option(s): Thesis.

Career pathways

At the end of the program, you’ll have top-notch qualifications to pursue a career in academia, business, industry, government agencies, or research organizations. Our graduates are in demand and enjoy high degrees of job satisfaction.

Official programme page

Application information

Entry requirements

A master's degree in statistics, actuarial science, or mathematics, completed or expected. Note: graduates of other quantitative and mathematically oriented programs are also encouraged to apply; this includes, but is not restricted to, graduates of commerce, economics, engineering, finance, and any of the physical sciences. The department graduate committee will determine the suitability of each student’s background for success in this program. Students with an undergraduate degree in statistics, actuarial science, or mathematics may apply for admission directly to the PhD program. Successful applicants will have an outstanding academic record, and very strong letters of recommendation. At least an overall 78% average from a Canadian university (or its equivalent). An interview may be required.

Tuition is charged per credit, so the total depends on the courses you register for each year. Current fees are listed in the official fee schedule.

Graduate applications are made online through the Graduate Studies Application and the non-refundable application fee is $150 CAD per program. Deadlines are set by each programme.

Apply through the official page: https://grad.apply.uwaterloo.ca/apply/

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