Mathematical Finance at University of Waterloo

Programme overview

Leads to the Bachelor of Mathematics in Mathematical Finance. Offered jointly by the Department of Pure Mathematics and the Department of Statistics and Actuarial Science, Mathematical Finance is designed for students like you: someone who has elite mathematical abilities and wants to pursue a career in finance. You’ll take courses in corporate finance, quantitative risk management, mathematical analysis, and statistical forecasting. Available in the regular system of study or the co-op system.

Faculty: Faculty of Mathematics | Study mode: full-time | Location: Waterloo, Ontario, Canada

What you will study

You'll take a mix of actuarial science courses, statistics courses, and pure math courses, with additional courses in business, economics, accounting, computing, and differential equations. With your remaining classes, you can choose electives from many of the 100 subject areas at Waterloo. Sample upper-year courses include Investment Science and Corporate Finance, Computational Methods in Business and Finance, Measure Theory, Forecasting.

Career pathways

Waterloo Mathematical Finance graduates often pursue careers in investment banking, financial analysis, and more. They typically work in financial institutions, investment companies, and more.

Official programme page

Application information

Entry requirements

Ontario applicants: Six Grade 12 U and/or M courses including Advanced Functions; Calculus and Vectors; Any 4U English; One other 4U course; Admission average: Individual selection from the mid-80s; Recommended course; Grade 11 U Introduction to Computer Science; For all students; The Admission Information Form is required for admission; Participation in the Canadian Senior Mathematics Contest and/or the Euclid Mathematics Contest is not required for admission, but writing one of these contests is required for some scholarships offered by the Faculty of Mathematics. How to apply: Apply to Mathematics and choose Mathematical Finance as your major at the end of first year.

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.

First-year students are admitted for the September (fall) term only. Terms: fall (September to December), winter (January to April), spring (May to August). Part-time, online, post-degree and non-degree studies can start in the winter, spring or fall term.

Applications for September 2027 entry close on 1 February 2027 for programs other than Engineering (documents due 15 February 2027) and on 15 January 2027 for Engineering programs other than Architecture (documents due 1 February 2027). International students have the same deadlines. Full-time applicants apply through the Ontario Universities' Application Centre (OUAC).

Part-time, online, post-degree and non-degree studies: winter 2027 applications close 30 October 2026 for degree and non-degree (13 November 2026 for post-degree); spring 2027 applications close 26 February 2027 for degree and non-degree (12 March 2027 for post-degree). Optometry closes 12 November 2026 and Pharmacy closes 6 January 2027.

Apply through the official page: https://uwaterloo.ca/future-students/admissions/how-to-apply

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