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    McMaster University
   
 
  Oct 23, 2017
 
 
    
Undergraduate Calendar 2017-2018

Honours Actuarial and Financial Mathematics Co-op (B.Sc.)


Admission


Enrolment in this program is limited. Selection is based on academic achievement and an interview but requires, as a minimum, submission of the on-line application by the stated deadline, and completion of Level II Honours Actuarial and Financial Mathematics with a Grade Point Average of at least 5.0.

Program Notes


  1. Students interested in focusing on financial mathematics are strongly encouraged to take MATH 3A03  and one of MATH 1MP3 , 3NA3 , COMPSCI 1MD3 .
  2. Students must complete STATS 4A03  or COMMERCE 3FA3 . However, COMMERCE 3FA3  is not usually available in the Winter Term, so may have to be taken in the Fall or Spring/Summer Terms.
  3. Students should take COMMERCE 1AA3  (or 2AA3) and COMMERCE 2FA3  by the end of Level II, to enable completion of COMMERCE 3FA3  in a Fall term of Level III or IV.
  4. Alternatives for meeting the requirement of three units of STATS 4A03  or COMMERCE 3FA3  would include distance learning courses accredited by the actuarial agencies for fulfillment of either the Applied Statistical Methods VEE, or the Corporate Finance VEE, respectively. Students considering this alternative must speak with a faculty advisor from the Department of Mathematics and Statistics.

Requirements


120 units total (Levels I to IV), of which no more than 48 units may be Level I

Level I: 30 Units


Completed prior to admission to the program

Level II: 30 Units


30 units


  • Completion of Level II Honours Actuarial and Financial Mathematics

Level III


Consists of academic studies (Fall Term), Co-op Work Term (Winter Term), and Co-op Work Term (Spring/Summer Term)

Fall Term: 15 units:


Winter Term:


Work Term

Spring/Summer Term:


Work Term

Level IV


Consists of academic studies (Fall and Winter Terms) and Co-op Work Term (Spring/Summer Term)

Fall and Winter Terms: 30 units:


0-3 units

0-3 units

9 units

from

  • Course List (See Program Note 1 above.)
9-15 units

  • Electives

Spring/Summer Term:


Work Term

Level V


Consists of Co-op Work Term (Fall Term) and academic studies (Winter Term)

Fall Term:


Work Term

Winter Term: 15 units:


3 units

3 units

from

  • Course List (See Program Note 1 above.)
6 units

  • Electives

Co-op Program Chart


 

FALL TERM

(September to December)

WINTER TERM

(January to April)

SPRING/SUMMER TERM

(May to August)

Level III 15 units from
Academic Level III
+
SCIENCE 2C00  (if not
completed) and SCIENCE 3C00 

Work Term

SCIENCE 3WT0 

 

Work Term

SCIENCE 3WT0 

 
Level IV 15 units from
Academic Levels III, IV
15 units from Academic
Levels III, IV

Work Term

SCIENCE 4WT0 

 
Level V

Work Term

SCIENCE 5WT0 

 
15 units from Academic
Level IV