McMaster University

Actuarial & Financial Mathematics

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Program Information

School:McMaster University
Faculty:Faculty of Science
Degree:Bachelor; Co-op; Honours
Field of Study:Statistics, General
Financial Mathematics
Description:McMaster offers a variety of honours degrees in Mathematics and Statistics. These include a core program which allows the student the flexibility to pursue interests in other areas; specializations in Mathematics, Actuarial and Financial Mathematics and Statistics, which encourage the student to create a more focussed program of study; and several joint honours and co-op programs.

Entry to any of these programs is either through the Level 1 Mathematics and Statistics, or through any other Level 1 program at the university, provided the student has completed Math 1A03, 1AA3 and 1B03 (with high enough grades). Students who are planning to continue in Math & Stats should enrol in Level 1 Math & Stats as this gives them the dual advantages of courses Math 1X03, 1XX3 and 1C03 targeted to Math & Stats students and complete flexibility in their choice of other courses.
URL:Actuarial & Financial Mathematics at McMaster University
Length:5 Year(s)
Cost per year:*
National: $9,159
International: $28,946

Cost per year is based on 30 units, and includes the cost of tuition, co-op, and mandatory supplementary fees.
Scholarships:5
Careers:Mathematicians, Statisticians and Actuaries

Admission Requirements

Grade for Entrance Previous Year (%)*82 to 85
Prerequisites:*

These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.

  •  Grade12 Precalculus 
  •  Grade12 Calculus and Vectors 
  •  Grade12 English (ENG4U) 

Applicants are required to have completion of High School Diploma plus: 5 courses numbered 30 or 31 (Alberta students please ask your school to send us a list of your courses for the entire year) including: English (English Language Arts 30-1), Calculus (Math 31, AP Calculus), and Pre-Calculus Math (Math 30-1). Note: it is recommended that all first semester grades and a list of all courses for the entire year be submitted no later than February 15th.

Test Scores:
  • International English Language Testing System (academic or immigration) [min. 6.5] or Michigan English Language Assessment Battery [min. 85] or Cambridge English for Speakers of Other Languages: Certificate in Advanced English [min. 176] or Canadian Academic English Language Assessment [min. 70] or Test of English as a Foreign Language (Internet Based) [min. 86]

Students who have been asked to meet McMaster's English Language Proficiency requirement must demonstrate English language proficiency by achieving the minimum requirements as specified by McMaster: IELTS: 6.5, CAE: 176, PTE: 60, CAEL: 70, MELAB: 85, TOEFL (iBT): 86

* The entrance grade may change from year to year. Please contact the school for further information.

* We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.

Modified on September 23, 2017