Honours Actuarial and Financial Mathematics (B.Sc.)

Admission Notes

1. Completion of ECON 1B03  and 1BB3  is required by the end of Level II. Completion in Level I is strongly recommended.
2. Completion of COMMERCE 1AA3  is required by the end of Level II. Completion in Level I is strongly recommended.
3. Students seeking admission to the program should note that MATH 1A03  and 1AA3  were designed for Chemical & Physical Science Gateway students and MATH 1LS3  and 1LT3  were developed for Life Sciences or Earth & Environmental Sciences Gateway students. MATH 1A03  and 1AA3  prepare students for a wide variety of upper year math courses. MATH 1LS3  and 1LT3  prepare students for many (but not all) upper year mathematics courses. As a result, students who take MATH 1LS3  and 1LT3  are permitted to enroll in upper year courses, but some self-study of first year calculus topics (such as series and additional integration topics) may be required.

Admission

Enrolment in this program is limited and possession of the published minimum requirements does not guarantee admission. Admission is by selection and is based on completion of the supplementary application by the stated deadline (https://www.math.mcmaster.ca/undergraduate/useful-links/actuarial-and-financial-mathematics-supplementary-application.html) and academic achievement, but requires, as a minimum, completion of any Level I program with a Grade Point Average of at least 5.0 including:

Program Notes

1. Students interested in focusing on financial mathematics are strongly encouraged to complete MATH 2X03 , 2XX3 , 3FF3  and one of COMPSCI 1MD3 , MATH 1MP3  or 3NA3 . Students should note that MATH 2R03  is a prerequisite for MATH 3FF3 .
2. Students are strongly encouraged to complete COMMERCE 2FA3  by the end of Level II, especially if the Honours Actuarial and Financial Mathematics Co-op (B.Sc.)  program is being considered for Level III.
3. Completion of MATH 1C03  is strongly recommended as it is a prerequisite for MATH 3A03  and MATH 3IA3 .
4. Completion of COMMERCE 4FR3  is recommended for students interested in focusing on actuarial science and insurance.
5. Completion of STATS 3DS3  or 3DA3  is strongly recommended.
6. Students who entered the program prior to September 2023 may use COMMERCE 4FP3  towards the Course List.

Course List

• COMMERCE 2AB3 - Managerial Accounting I
• COMMERCE 4FL3 - Personal Financial Management
• COMMERCE 4FW3 - Finance for Entrepreneurs
• ECON 2G03
• ECON 2GG3
• ECON 2H03 - Intermediate Macroeconomics I
• ECON 2HH3 - Intermediate Macroeconomics II
• ECON 2Z03 - Intermediate Microeconomics I
• ECON 2ZZ3 - Intermediate Microeconomics II
• All Level III, IV and V Mathematics or Statistics courses

Requirements

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

Requirements for Students who Entered Prior to September 2020

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