BSc Major in Financial Mathematics and Economics (Optional Co-op)

Application Fees: CAD $188

Academic Requirements: International students applying to undergraduate programs at the University of Victoria are typically required to have completed their secondary education or its equivalent. The university requires a minimum overall academic average of 75% or equivalent, which may vary depending on the program and specific admission requirements.

English Language Proficiency: 

• IELTS: An overall band score of 6.5, with no individual band score less than 6.
• TOEFL: A minimum score of 90 on the internet-based test (iBT).

It's important to note that the specific entry requirements may vary depending on the program of study and can change over time. Some programs may have additional requirements, such as submission of a portfolio or completion of prerequisite courses. 

The University of Victoria in Canada offers several scholarships and financial aid opportunities to international students. These scholarships recognize academic excellence, leadership potential, and contributions to the community. 

International Entrance Scholarships: The university offers a range of entrance scholarships specifically for international students. These scholarships are awarded based on academic merit and range in value from CAD $5,000 to CAD $10,000. International students are automatically considered for these scholarships upon admission.

President's Scholarship for International Students: This prestigious scholarship is awarded to exceptional international students entering their first year of study at the University of Victoria. Valued at CAD $10,000, this scholarship recognizes academic excellence, leadership potential, and involvement in extracurricular activities.

International Undergraduate Scholarships: These scholarships are available to international students entering undergraduate programs at the University of Victoria. The scholarships are merit-based and vary in value. They are awarded to students who have demonstrated outstanding academic achievements and community engagement.

Faculty-specific Scholarships: Some faculties at the University of Victoria offer scholarships specifically for international students within their respective academic programs. These scholarships are awarded based on criteria established by each faculty and may vary in value and eligibility requirements.

Graduates of the BSc Major in Financial Mathematics and Economics program at the University of Victoria (UVic) are equipped with a diverse skill set that opens up a wide range of career opportunities in the finance, banking, insurance, and related sectors. The program's emphasis on mathematical modeling, economic analysis, and financial theory prepares students for roles that require strong quantitative and analytical skills.

Financial Analyst: One of the most common career paths for graduates of the Financial Mathematics and Economics program is that of a financial analyst. Financial analysts work for banks, investment firms, or corporations, conducting research, analyzing financial data, and making recommendations on investment decisions, portfolio management, and risk assessment. They use their mathematical and economic knowledge to evaluate the performance of stocks, bonds, and other financial instruments.

Risk Manager: Risk management is another promising career option for graduates of the program. Risk managers work in various industries to identify, assess, and mitigate risks that could affect an organization's financial stability. They use mathematical models and economic theories to analyze potential risks, such as market fluctuations, credit default, and operational failures, and develop strategies to minimize their impact.

Actuary: Actuaries play a crucial role in the insurance industry, using mathematical and statistical methods to assess financial risks and determine insurance premiums. Graduates with a background in financial mathematics and economics are well-suited for careers as actuaries, where they analyze data, develop pricing models, and assess the financial implications of insurance policies on behalf of insurance companies, consulting firms, or government agencies.

Quantitative Analyst (Quant): Quantitative analysts, often referred to as quants, work in the financial industry to develop mathematical models and algorithms for pricing financial products, managing risk, and optimizing investment strategies. With their strong mathematical background and understanding of financial markets, graduates of the program can pursue careers as quants in hedge funds, investment banks, or asset management firms, where they use quantitative methods to gain a competitive edge in the market.

Financial Planner/Advisor: Financial planners and advisors help individuals and organizations make informed decisions about their financial goals, investments, and retirement planning. Graduates of the Financial Mathematics and Economics program can pursue careers as financial planners or advisors, offering personalized financial advice, conducting portfolio analysis, and assisting clients in achieving their financial objectives.

Data Scientist: The rise of big data has created opportunities for graduates to pursue careers as data scientists in various industries, including finance. Data scientists use statistical analysis, machine learning, and programming skills to extract insights from large datasets and inform decision-making processes. Graduates with a background in financial mathematics and economics are well-equipped to work as data scientists in financial institutions, fintech companies, or consulting firms.