Bachelor of Mathematics in Mathematics/ Financial Analysis and Risk Management (Optional Co-op)

Application Fees : CAD$ 251

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 care.

Graduates of the Bachelor of Mathematics in Mathematics/Financial Analysis and Risk Management (Optional Co-op) program at the University of Waterloo have diverse career opportunities in finance, risk management, investment banking, consulting, and related fields. With their strong analytical skills, quantitative expertise, and practical experience gained through co-op work terms, they are well-equipped to succeed in dynamic and challenging roles in the finance industry.

1. Financial Analyst: Graduates can pursue roles as financial analysts in various sectors such as banking, investment firms, insurance companies, and corporate finance departments. They analyze financial data, evaluate investment opportunities, assess risks, and provide recommendations to clients or organizations to make informed financial decisions.

2. Risk Manager: Graduates can work as risk managers in financial institutions, asset management firms, or consulting companies. They identify, assess, and mitigate financial risks such as market risk, credit risk, liquidity risk, and operational risk. Risk managers develop risk management strategies, implement risk models, and ensure compliance with regulatory requirements.

3. Investment Banking Associate: Graduates may pursue careers in investment banking, working for financial institutions or investment banks. They assist in executing mergers and acquisitions, initial public offerings, or other financial transactions. They conduct financial analysis, prepare pitch books, and assist in deal structuring and negotiation processes.

4. Portfolio Manager: Graduates can become portfolio managers, managing investment portfolios for individual clients, institutional investors, or mutual funds. They develop investment strategies, allocate assets, monitor portfolio performance, and adjust investment positions based on market conditions and investment objectives.

5. Quantitative Analyst (Quant): Graduates with strong quantitative skills can work as quantitative analysts or "quants" in hedge funds, proprietary trading firms, or quantitative investment firms. They develop mathematical models, algorithms, and trading strategies to exploit market inefficiencies and generate alpha.

6. Risk Analyst: Graduates can pursue roles as risk analysts in financial institutions, regulatory agencies, or consulting firms. They conduct risk assessments, stress tests, and scenario analysis to measure and manage financial risks. They communicate risk findings, recommendations, and regulatory requirements to senior management and stakeholders.

7. Financial Consultant: Graduates may work as financial consultants or advisors, providing financial planning, investment advice, and risk management services to individuals or organizations. They help clients achieve their financial goals, optimize investment portfolios, and navigate complex financial decisions.

8. Actuarial Analyst: Graduates with a strong statistical background can pursue careers as actuarial analysts in insurance companies, pension funds, or consulting firms. They analyze data, calculate insurance premiums, assess risks, and develop actuarial models to support pricing, reserving, and risk management decisions.

9. Compliance Officer: Graduates may work as compliance officers in financial institutions, ensuring adherence to regulatory requirements, industry standards, and internal policies. They conduct compliance audits, monitor regulatory changes, and implement compliance programs to mitigate legal and regulatory risks.

10. Further Education and Research: Graduates may pursue further education, such as graduate studies in finance, economics, or quantitative finance. They may also engage in research projects or pursue academic careers in universities, research institutions, or think tanks focusing on financial markets, risk management, or quantitative methods in finance.