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

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 (B.Sc.)  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 .
8. 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 in September 2020 or Prior

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

Co-op Program Chart