Degree program

Bachelor of Mathematics — Actuarial Science

University of Waterloo

An actuarial degree with regular and co-op options, linking probability, statistics and risk analysis to professional education.

Good for: I enjoy mathematics. Could I build a career in insurance or financial risk?

Where do I start? ↓

Checked October 20, 2026 How we check information

At a glance

Delivery: In person
Cost: Confirm cost with provider
Who can access it: Domestic and international admissions exist. Tuition category and permission to study/work must be assessed separately.
Intake: Current intake not confirmed

Degree completion does not itself confer ACIA or FCIA. CIA Pathway 1 requires the accredited program's mandatory courses and further professional requirements.

01 / Start here

Your first steps

Compare Mathematics admission requirements against your school system or request transfer advice for prior university study.
Apply through the official admissions route, submit the AIF, then plan the first-year courses needed to declare Actuarial Science.

September 2027 first-year intake has published deadlines: apply February 1; documents February 15. The exact application-opening status was not verified.

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02 / Check the fit

Requirements and limits

Ontario secondary-school route: six Grade 12 U/M courses including Advanced Functions, Calculus and Vectors, a 4U English and another 4U course; individual selection from the mid-80s. Other school systems require equivalents.
Apply to Mathematics and complete the Admission Information Form. Actuarial Science is declared after first year, not a separate direct-entry admission.
Major declaration: MTHEL 131 at least 60% (specified double-degree alternative applies), plus major average 70%; if no major average exists, cumulative 70% and at least ten passed courses.
Where English testing is required: IELTS Academic 6.5 overall, writing/speaking 6.5 and reading/listening 6.0, or another accepted route; published exemptions apply.

Domestic and international admissions exist. Tuition category and permission to study/work must be assessed separately.

Important limits and details to confirm

Degree completion does not itself confer ACIA or FCIA. CIA Pathway 1 requires the accredited program's mandatory courses and further professional requirements.
Admission and a co-op position are not guaranteed.

Location

Waterloo, Ontario

03 / Understand the commitment

Costs and possible funding

Published Mathematics estimate: Ontario domestic tuition/incidental fees about $9,000; international about $62,000; books/supplies about $1,500. Co-op fee is $836 per applicable academic term. These are not full-degree or 2027 quotes.

OSAP (mixed aid, conditional external lead): Possible for eligible Ontario residents with citizenship, permanent residence or protected-person status, financial need and qualifying enrolment. International students are ineligible; obtain an individual assessment.

04 / Check with the provider

Sources and where to get help

Use the provider’s official starting page to ask about your situation. Published information was checked on October 20, 2026; the provider must confirm current availability and personal eligibility.