Bachelor of Accounting and Financial Management (Co-op)

Application Fees : CAD$ 304.25

Undergraduate Entry Requirements:

1. Academic Achievement: International students applying for undergraduate programs at the University of Waterloo are expected to have a minimum academic achievement of 80% or above in their secondary school studies.  

2. English Language Proficiency:  The accepted English language tests and their minimum score requirements are as follows:

   • IELTS: Overall score of 6.5 with no band less than 6.5 in writing, 6.0 in reading, 6.0 in listening, and 6.5 in speaking.
   • TOEFL: Minimum score of 90 on the Internet-based Test (iBT).
   • PTE: Minimum score of 63.
   • DET (Duolingo English Test): Minimum score of 120.

It is important to note that meeting the minimum entry requirements does not guarantee admission to the University of Waterloo. The university receives a large number of applications and admission decisions are based on a holistic assessment of various factors, including academic performance, test scores, personal statements, and letters of recommendation.

The University of Waterloo offers several scholarships and financial aid options to support international students in their academic journey. These scholarships recognize academic excellence, leadership potential, and contributions to the community. 

1. International Master's Award of Excellence: This scholarship is available to international students entering a research-based master's program. It provides funding of up to $2,500 per term for a maximum of five terms.

2. Ontario Graduate Scholarship (OGS): The OGS is a merit-based scholarship available to domestic and international students pursuing a graduate degree at the University of Waterloo. The scholarship provides funding of up to $15,000 per year for a maximum of two or three years, depending on the program.

3. President's Scholarship of Distinction: This prestigious scholarship is awarded to top international students entering an undergraduate program at the University of Waterloo. The scholarship covers full tuition for up to four years of study.

4. International Student Entrance Scholarships: These scholarships are available to high-achieving international students applying for undergraduate programs. The value of the scholarships varies and is renewable for up to four years, based on academic performance.

5. Faculty-specific Scholarships: Various faculties at the University of Waterloo offer scholarships specifically for international students. These scholarships are based on academic achievement, leadership potential, and involvement in extracurricular activities within the respective faculty.

6. Donor-funded Scholarships: The university receives generous contributions from donors, which are used to establish scholarships for international students. These scholarships may have specific eligibility criteria and application processes.

It is important to note that the availability, eligibility criteria, and application deadlines for scholarships may vary. To apply for scholarships, international students are typically required to submit an application for admission to the university. Some scholarships may have additional application requirements, such as essays or reference letters. It is important to carefully review the scholarship information and follow the application instructions provided.

Graduating with a Bachelor of Accounting and Financial Management (BAFM) degree from the University of Waterloo opens up a wide array of career opportunities in the dynamic fields of accounting, finance, and business management. The Bachelor of Accounting and Financial Management (Co-op) program at the University of Waterloo provides graduates with a strong foundation in accounting, finance, and business management, preparing them for diverse and rewarding career opportunities in the global marketplace. With its blend of academic excellence, practical experience, and professional accreditation, the program equips graduates with the skills and knowledge needed to succeed in today's competitive business environment.

1. Chartered Professional Accountant (CPA): Many BAFM graduates pursue professional accounting designations such as the Chartered Professional Accountant (CPA) designation. With the strong foundation in accounting principles and financial management provided by the program, graduates are well-prepared to write the CPA exams and embark on careers as CPAs in public accounting firms, corporations, government agencies, and not-for-profit organizations.

2. Financial Analyst: BAFM graduates possess strong analytical and quantitative skills, making them well-suited for roles as financial analysts. They analyze financial data, prepare reports, and provide insights to support decision-making in areas such as budgeting, forecasting, investment analysis, and risk management. Graduates may work in investment firms, banks, insurance companies, or corporate finance departments.

3. Auditor: Graduates of the BAFM program are equipped with a solid understanding of auditing principles and practices. They may pursue careers as auditors in public accounting firms, where they assess the financial statements of organizations for accuracy, compliance, and integrity. Auditors play a crucial role in ensuring transparency and accountability in financial reporting.

4. Tax Consultant: With their knowledge of taxation laws and regulations, BAFM graduates can pursue careers as tax consultants or specialists. They advise individuals and organizations on tax planning strategies, compliance issues, and tax optimization opportunities. Tax consultants may work in public accounting firms, corporate tax departments, or specialized tax consulting firms.

5. Corporate Finance Professional: BAFM graduates with a strong background in finance are well-positioned to pursue careers in corporate finance. They may work in roles such as financial managers, treasury analysts, or corporate controllers, where they manage the financial affairs of organizations, optimize capital structure, and evaluate investment opportunities to maximize shareholder value.

6. Management Accountant: Graduates of the BAFM program can pursue careers as management accountants, where they provide financial analysis and decision support to help organizations achieve their strategic objectives. They may work in management accounting roles within corporations, government agencies, or consulting firms, where they analyze costs, budgets, and performance metrics to inform business decisions.

7. Financial Planner or Advisor: BAFM graduates interested in personal finance may pursue careers as financial planners or advisors. They help individuals and families manage their finances, set financial goals, and develop comprehensive financial plans to achieve their objectives. Graduates may work in financial planning firms, banks, investment firms, or insurance companies.

8. Entrepreneurship and Business Management: Some BAFM graduates may choose to leverage their accounting and financial management skills to pursue entrepreneurial ventures or leadership roles in business management. With a solid understanding of financial analysis, budgeting, and strategic planning, graduates can start their own businesses or take on managerial positions in various industries.