Oct 12, 2024  
Undergraduate Calendar 2022-2023 
    
Undergraduate Calendar 2022-2023 [-ARCHIVED CALENDAR-]

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


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Admission


Enrolment in this program is limited. Admission is by selection, and possession of the published minimum requirements does not guarantee admission. 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.

Information about this program and the selection procedure can be obtained from the Science Career and Cooperative Education Office.

Program Notes


  1. This is a five-level (year) co-op program which includes two eight-month work terms which must be spent in actuarial and financial mathematics related placements.
  2. Students must be registered full-time and take a full academic workload, as prescribed by Level and Term.
  3. Students are required to complete SCIENCE 2C00  prior to the Fall term of Level III.  Students are required to complete SCIENCE 3C00  before the first work placement.
  4. Students interested in focusing on financial mathematics are strongly encouraged to complete MATH 2XX3 , 3FF3  and one of COMPSCI 1MD3 , MATH 1MP3  or 3NA3 . Students should note that MATH 2X03  is a prerequisite for MATH 2XX3  and that MATH 2R03  is a prerequisite for MATH 3FF3 .
  5. Students must complete STATS 4A03  or COMMERCE 2FB3  (or COMMERCE 3FA3). 
  6. Students should take COMMERCE 1AA3  and COMMERCE 2FA3  by the end of Level II, to enable completion of COMMERCE 2FB3  (or COMMERCE 3FA3) in a Fall Term of Level III or IV.
  7. Alternatives for meeting the requirement of three units of STATS 4A03  or COMMERCE 2FB3  (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


Level III


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

9 units

from

  • Course List (See Program Note 4 above.)
12-15 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

6 units

  • Electives

Requirements For Students Who Entered in September 2020 or Prior


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


Level III


Consists of academic studies (Fall Term), Co-op Work Term (Winter Term), and Co-op Work Term (Spring/Summer 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 4 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 4 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 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  

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