Actuarial Science - Master of Math (MMath) at University of Waterloo

Programme overview

Join a vibrant research environment and deepen your knowledge in one of our four areas of study with the Master of Mathematics in Actuarial Science. A research-based program, you'll be best suited to this program if you have a background in actuarial science, statistics, mathematics or other quantitative fields. 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: 16 months (full-time) | Study mode: full-time | Intake: Fall (September - December); application deadlines: January 6 (for admission in September) | Location: Waterloo, Ontario, Canada

What you will study

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

Career pathways

With the flexibility to pursue a research paper or thesis option, you’ll have top-notch qualifications to conduct further research at the PhD level or pursue a career in business, industry, government agencies, research organizations, or academia. Our graduates are in demand and enjoy high degrees of job satisfaction.

Official programme page

Application information

Entry requirements

A four-year honours bachelor degree with a significant actuarial science and/or statistics component. 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. 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.

Terms run fall (September to December), winter (January to April) and spring (May to August). Programmes are currently accepting applications for fall 2027; intake terms vary by programme.

Graduate applications are made online through the Graduate Studies Application and the non-refundable application fee is $150 CAD per program, paid in the applicant portal. Deadlines are set by each programme (for example MDSAI part-time: fall January 15, winter July 1). Apply two to four weeks ahead of the programme deadline.

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

Explore more study programmes

Business