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Bachelor of Mathematics in Actuarial Science

Bachelor of Mathematics in Actuarial Science

at University of Waterloo Canada

Overview

How will the stock market perform next February? How much will insurance companies pay out in claims next year? With an Actuarial Science degree from Waterloo, you’ll have the answers.

In this program, you'll take courses such as the mathematics of finance, risk theory, and pension mathematics taught by professional actuaries in one of North America’s top actuarial schools.

Meanwhile, adding computer science, arts, and various math electives will give you the combination of technical and communication skills that employers are looking for.

Whether you choose the regular stream or the co-op stream, you'll graduate ready to enter a great job market with great prospects and high starting salaries.

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30

Application Processing Days

Under Graduate

Program Level

Fact & Figures

Full Time On Campus

Study Mode

48

Duration

University of Waterloo

Location

Bachelor of Mathematics in Actuarial Science Assistant Fee

$45500

Tuition Fee

$11000

Average Cost of Living

$251

Application Fee

Bachelor of Mathematics in Actuarial Science Admissions Requirements

  • Minimum Level of Education Required: To be accepted into this program, applicants must have Grade 12 / High School Diploma or equivalent including the following required course(s):
    • Standard XII Mathematics (Standard XII Applied Mathematics is not accepted), minimum final grade of 85%. Standard XII English. One other Standard XII course, minimum final grade of 85%. All Standard XII courses, minimum final grade of 80%.
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Where would you like to study*

Work Permit Canada

Students who wish to work in Canada require a work permit to do so. A student in Canada can work part-time during the course of his studies and full-time during holidays and semester breaks and post the completion of their course/program.

Rules for getting a part-time work visa in Canada

You can also work part-time on campus at your university.

Work Permit

Duration

Your part-time work permit will be valid for as long as you have a valid study permit.

Working Hours

20 Hours/Week

As a full-time student, you can work for a maximum of 20 hours a week. However, you can work full- time during holidays and breaks.

Document Required to Work in Canada

List

To apply for a work permit, you will need a study permit that mentions that you are allowed to work part-time on campus.

Social Insurance Number

Study Permit

You will need a Social Insurance Number (SIN) to Service Canada. if you wish to work in Canada during the course of your studies. To apply for the same, you need a valid study permit, and you should be a full- time student at a recognized university.

You can work part-time off-campus if you are studying in the Quebec province.

Duration of Work Permit Canada

Your part-time work permit will be valid for as long as you have a valid study permit.

Work Hours Canada

As a full-time student, you can work for a maximum of 20 hours a week. However, you can work full- time during holidays and breaks.

Document Required to Work in Canada

To apply for a work permit, you will need a study permit that mentions that you are allowed to work part-time on campus.

Social Insurance Number

You will need a Social Insurance Number (SIN) to Service Canada if you wish to work in Canada during the course of your studies. To apply for the same, you need a valid study permit, and you should be a full- time student at a recognized university.

Working after completing your course

In Canada, you will need a work permit to get a full-time job in Canada after finishing your studies. You chose a work permit like the Post-Graduation Work Permit (PGWP) if you wish to stay back in Canada and work full-time.

Visit Government of Canada Website for more detail

Post-Graduation Work Permit (PGWP)

The Post- Graduation Work Permit (PGWP) allows you to work for three years in Canada if you have completed a two years degree or more.

Application

how can i apply

You can either apply online or download the form and mail the application along with the required documents. Pay your fee and then wait for the decision to come.

Application Documents Required

List

To apply for the work visa, you need a degree from a recognized and accredited Canadian University along with an intention to stay and work in Canada only temporarily.

When to Apply?

One can apply for the full-time work permit in the first three months post the completion of their course during which the study permit is still valid.

How long does it take?

90 days

You will have to wait for 90 days for the decision on your work permit.

Duration

3 Years

The work permit is valid for 3 years if you have completed a two years degree program or more.

Fees

CAD 255

The fee for the work permit is CAD 255 plus the holder fee and the work permit processing fee.

Monthly Wages

CAD 1,600

An applicant is guaranteed a minimum salary of CAD 1,600 per month while working in Canada. This amount though varies on the job and the province you are working in.

Work Hours Canada

No Limit

There is no maximum limit, and you can work for as many hours as you want on the full-time work permit.

Required Documents

List

To apply for the work visa, you will need the following documents:

  • Forms: IMM 5710, IMM 5476 and IMM 5475;
  • Graduation Proof
  • Proof of payment of work permit fees
  • Copies of your travel and identification documents, passport pages and current immigration document.

Till a decision is made on your work visa, you can continue to work full time. All you need to have is your completed degree, should have applied for the permit before the expiry of your study permit and you should be allowed to work off-campus.

Information

Disclaimer

The information provided about the work permit is true and complete to the best of our knowledge. All recommendations are made without any guarantee on the part of the author or the publisher. The author and the publisher, therefore, disclaim any liability in connection to and with the use of this information.

Detailed Program and Facts

30

Application Processing Days

Full Time On Campus

Program Intensity

Under Graduate

Program Level

48

Duration

Study Visa

Student Visa For Canada

Any student who wishes to study in Canada requires a student visa. Some of the essential information for the application process is given below.

When Should I Apply?

4 to 6 months

Ideally, one should apply for the study permit at least 4 to 6 months before the commencement of your course/program.

Bank Account

No Need!

There is no need for a blocked bank account to apply for a student visa to Canada.

Duration of visa

Course Duration + 3 Months

The student visa is valid for the entire period of your course plus three months.

Time to Wait for Visa

35 Days

It takes time. It might take up to 35 days post your interview for the application process to complete and for you to finally receive your visa.

Appointment

Required

It varies from applicant to applicant, but one may have to take part in one or two visa appointments, namely a medical examination and a visa interview.

How you can apply

Application Process

An applicant can either apply online or offline by visiting a visa application centre and submitting their documents. After the analysis of your application, you might be called for an interview.

Fee

Visa Fee

The visa application fee for Canada is CAD 150.

Minimum Funds

833 CAD, 917 CAD

You require a minimum monthly amount to be deposited into your account to prove that you can sustain yourself while studying in Canada. If you are studying in Quebec, you need to have a monthly minimum of CAD 917, and if you are studying in a province except for Quebec, you need to have a minimum of CAD 833 per month.

Any other expenses

Required

You will have to pay a medical examination fee and a visa application service fee to the tune of CAD 15 if you visit a visa application centre to apply for your visa.

Medical Examination

Required

One has to undergo a series of medical examinations to be deemed fit for a student visa of Canada. The tests mostly include blood and urine tests, chest x-rays and other organ checkups.

Language Skills

Not Required

one doesn’t need to prove their language skills in applying for a Canadian Visa.

Disclaimer: The information provided about the work permit is true and complete to the best of our knowledge. All recommendations are made without any guarantee on the part of the author or the publisher. The author and the publisher, therefore, disclaim any liability in connection to and with the use of this information.

English Test Requirement

6.5

Minimum Overall Score

6.0

Minimum Listening

6.0

Minimum Reading

6.5

Minimum Writing

6.5

Minimum Speaking

90.0

Minimum Overall Score

63.0

Minimum Overall Score

Other Courses by University of Waterloo,Canada

Law touches virtually every aspect of society. That makes a degree in Legal Studies great preparation for a career in government, business, the non-profit sector, law enforcement, and (of course!) law itself.

At Waterloo, you’ll enjoy small classes led by highly respected researchers, giving you lots of opportunity for discussion, and you'll also have the opportunity to gain work experience through co-op.

Over the course of your Legal Studies undergraduate degree, you’ll explore the impact of law on society, the origins of legal systems, how the Charter of Rights and Freedoms creates change, and issues such as crime, deviance, punishment, and restorative justice.

You’ll graduate with skills in research, problem solving, critical thinking, and communication, along with an in-depth understanding of law and legal systems.

48 month

Duration

$ 40900

Tuition

One of the joys of being in university is having time to broaden your horizons, discover new interests, and get involved in a range of extracurricular activities. Liberal Studies gives you that freedom.

Commonly called a liberal arts degree at other universities, Liberal Studies allows you to explore many different subjects in the humanities, social sciences, languages and cultures, and fine and performing arts – plus courses you’d like to take from some of Waterloo's other faculties.

You can add focus to your degree with a minor or minors, or keep it completely general. (And if you do fall passionately in love with a subject along the way, you can switch into a major at any point.) An academic advisor can help you plan your degree and choose courses.

What is co-op?
Co-op lets you explore careers and gain paid work experience while earning your university degree. What could be better than that?! As a co-op student at Waterloo, you’ll normally alternate between four months in school and four months as a full-time employee of the organization you're working for. It's an amazing way to learn to successfully interview for jobs, see how your degree relates to real-life problems, graduate with up to two years of valuable experience – and make money!

48 month

Duration

$ 40900

Tuition

Love the written word? An English degree at Waterloo gives you all kinds of opportunity to explore that passion, with more than 150 undergraduate courses available in both the regular and co-op streams.

Take rhetoric courses and learn the art of persuasion. Focus on digital media, where you’ll merge the latest technology with enduring principles of effective communication. Or explore the pleasures and insights of English literature, from Beowulf to Virginia Woolf.

At Waterloo, you’ll be learning from the best: the Department of English features internationally recognized scholars. In their classes, you’ll develop all-important skills in communication, critical thinking, analysis, and persuasion.

At the end of first year, you can choose one of three majors within the English program.

  • Literature
  • Literature and Rhetoric
  • Rhetoric, Media, and Professional Communication

Literature
Your literature degree will give you a comprehensive foundation in English literature while allowing you to pursue your literary interests and passions. Literature is one of three majors we offer.

You will have the opportunity to explore literatures from all over the world--British, postcolonial, Canadian, and American. You'll study a broad variety of texts, from Renaissance drama to fantasy and science fiction, from poetry to graphic narratives.

When you graduate you'll be prepared for further study in fields like law or education, for graduate study, or for a variety of careers in areas such as government, business, industry, or art—any career, in other words, that values excellent communication and analytical skills.

48 month

Duration

$ 40900

Tuition

One of the joys of being in university is having time to broaden your horizons, discover new interests, and get involved in a range of extracurricular activities. Liberal Studies gives you that freedom.

Commonly called a liberal arts degree at other universities, Liberal Studies allows you to explore many different subjects in the humanities, social sciences, languages and cultures, and fine and performing arts – plus courses you’d like to take from some of Waterloo's other faculties.

You can add focus to your degree with a minor or minors, or keep it completely general. (And if you do fall passionately in love with a subject along the way, you can switch into a major at any point.) An academic advisor can help you plan your degree and choose courses.

48 month

Duration

$ 40900

Tuition

Use your understanding of mathematical concepts to solve complex problems in engineering, medicine, business, and science, from the behaviour of ocean waves to the structure of space-time.

In Applied Mathematics, you’ll deepen your knowledge of calculus and differential equations: the foundation for most mathematical models. You’ll have lots of opportunity to put those tools to work on real-life problems — in the classroom and, if you choose co-op, during your work terms.

Many of our Applied Mathematics graduates work in research, development, and consulting. Others pursue graduate studies in applied mathematics, computer science, engineering, or physics.

What is co-op?
Co-op lets you explore careers and gain paid work experience while earning your university degree. What could be better than that?! As a co-op student at Waterloo, you’ll normally alternate between four months in school and four months as a full-time employee of the organization you're working for. It's an amazing way to learn to successfully interview for jobs, see how your degree relates to real-life problems, graduate with up to two years of valuable experience – and make money!

48 month

Duration

$ 45500

Tuition

As a Waterloo Health Studies student you'll be working with world-class professors that are making a difference in health in Canada and worldwide.

Health Studies is shifting the focus of traditional health
At the University of Waterloo, you'll study human health in a non-traditional way. Rather than a focus on treatments after diagnosis, we have a larger vision: to find strategies for preventing disease, promoting health, and improving health care services to make them more integrated and responsive.

Be prepared to tackle health challenges and look for the keys to transforming the health of individuals, communities, and health care systems in Canada and around the world.

Health Informatics Option
An option is an academic plan that provides depth to a student's baccalaureate degree and typically requires fewer courses than a minor. Options are only available to students within their home faculty.

Health Informatics (HI) is a multidisciplinary field that investigates how computer technologies can be used to better generate, manage, store, and apply health information. In the Health Informatics Option, you will take courses from the health sciences, computer science, statistics, behavioural and social sciences, and epidemiology.

Career opportunities often involve the design and implementation of health information systems (e.g., establishing electronic patient records, or establishing ‘best practices’ databases) in various health care settings.

Experiential learning: co-op or regular
As a Health Studies student, you have two great ways to study - co-op or regular. Regardless of which path you choose, you’ll take the same academic courses, learn in state-of-the-art facilities, and have the support of friendly, helpful staff.

48 month

Duration

$ 40900

Tuition

Use your understanding of mathematical concepts to solve complex problems in engineering, medicine, business, and science, from the behaviour of ocean waves to the structure of space-time.

In Applied Mathematics, you’ll deepen your knowledge of calculus and differential equations: the foundation for most mathematical models. You’ll have lots of opportunity to put those tools to work on real-life problems — in the classroom and, if you choose co-op, during your work terms.

Many of our Applied Mathematics graduates work in research, development, and consulting. Others pursue graduate studies in applied mathematics, computer science, engineering, or physics.

48 month

Duration

$ 45500

Tuition

Today, economists are turning to sophisticated mathematical models to understand and predict economic behaviour. Meanwhile, the problems that come up in economics have driven many advances in mathematics.

That why we’ve created this program, jointly offered by the Faculty of Mathematics and the Department of Economics in the Faculty of Arts.

Over the course of your degree, you’ll become an expert at using differential calculus, differential equations, and mathematical optimization to understand economic behaviour. If you enroll in the co-op stream, you can add paid work experience on top that.

What is co-op?
Co-op lets you explore careers and gain paid work experience while earning your university degree. What could be better than that?! As a co-op student at Waterloo, you’ll normally alternate between four months in school and four months as a full-time employee of the organization you're working for. It's an amazing way to learn to successfully interview for jobs, see how your degree relates to real-life problems, graduate with up to two years of valuable experience – and make money!

48 month

Duration

$ 45500

Tuition

Choose courses from a wide variety of subjects to tailor your program towards your own area of interest. Experience community through small classes and engaged professors. Explore the theory and practice of conflict resolution, human rights, and international development, and get some first-hand experience through co-op placements or a Peace and Conflict Studies internship.

Understand the factors that drive conflict and violence. Think critically about how peace can be built in complex situations to move towards a healthy society where communities and individuals flourish.

You’ll learn from renowned specialists in peacebuilding who bring both academic and practical expertise. Build even closer ties to your classmates and professors by joining the Peace and Conflict Studies Living-Learning Community at Conrad Grebel University College, located on Waterloo’s main campus.

What is co-op?
Co-op lets you explore careers and gain paid work experience while earning your university degree. What could be better than that?! As a co-op student at Waterloo, you’ll normally alternate between four months in school and four months as a full-time employee of the organization you're working for. It's an amazing way to learn to successfully interview for jobs, see how your degree relates to real-life problems, graduate with up to two years of valuable experience – and make money!

48 month

Duration

$ 40900

Tuition

In Canada’s longest-standing Medieval Studies program, you’ll explore the ideas and events of Europe and the Near East from the fall of the Roman Empire to the beginning of the modern era in 1500 CE.

When you study medieval history, art, philosophy, legal systems, and politics, you’re not just living in the past. This is a field that offers valuable insights into European politics, modern gender norms, the rise and fall of superpowers, the connections between Islam and Christianity, and more, and you'll have the opportunity to implement that into your work early if you choose the co-op stream.

You’ll have lots of opportunity to connect with other students, thanks to small classes and the regular social and academic events organized by the Classical and Medieval Students Society.

What is co-op?
Co-op lets you explore careers and gain paid work experience while earning your university degree. What could be better than that?! As a co-op student at Waterloo, you’ll normally alternate between four months in school and four months as a full-time employee of the organization you're working for. It's an amazing way to learn to successfully interview for jobs, see how your degree relates to real-life problems, graduate with up to two years of valuable experience – and make money!

48 month

Duration

$ 40900

Tuition

View All Courses by University of Waterloo, Canada

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