Bachelor Programme
Actuarial Science
Actuarial Science at Waterloo trains students to measure and price financial risk, with courses in the mathematics of finance, risk theory and pension mathematics taught by professional actuaries. Electives in computer science, arts and further mathematics build the technical and communication skills employers look for, and popular add-ons include the Finance and Predictive Analytics specializations. Students apply to Mathematics and choose Actuarial Science as their major at the end of first year, in either the co-op or regular stream.
University
University of Waterloo
Country
Canada
Level
Bachelor
Field
Mathematics
Duration
4 years (regular) or 5 years (co-op)
Language
English
Campus
Waterloo
Degree
Bachelor of Mathematics in Actuarial Science
Intake
September
Application Deadline
February 1, 2027 (documents and Admission Information Form due February 15, 2027)
Tuition Information
Estimated first-year tuition and incidental fees: CAD 62,000 for international students, CAD 10,000 for Canadian students from outside Ontario and CAD 9,000 for Ontario residents. Waterloo's estimate for two terms (eight months) based on fees for students starting in September 2026; books and supplies about CAD 1,500 extra. Co-op students also pay a co-op fee of CAD 836 per school term.
Admission Requirements
- Apply to Mathematics and choose the Actuarial Science major at the end of first year; Admission Information Form required (due February 15, 2027)
- Ontario: six Grade 12 U/M courses including Advanced Functions, Calculus and Vectors, any Grade 12 U English and one other 4U course; admission average: individual selection from the mid-80s (Grade 11 U Introduction to Computer Science recommended)
- IB: HL Mathematics Analysis and Approaches (minimum 6) and HL or SL English A; total 30 (IB diploma with at least three HL courses)
- Not studying in Ontario or IB? Waterloo's admission requirements tool lists the equivalent courses for other provinces and countries
- English language proof, if required (four most recent years of full-time study not in English): IELTS Academic 6.5 overall (6.5 writing and speaking, 6.0 reading and listening), TOEFL iBT 4.5 overall with 5 in writing and speaking (90 overall with 25/25 for tests before January 21, 2026), PTE Academic 63 (65 writing and speaking) or Duolingo 120 (125 Literacy and Production), due by the document deadline