- HBA · 4 years
- Work experience details
- ~High 80s to low 90s
Mathematics/
Image source
AI-generated ink illustration
Conceptual study artwork, not a photograph of teaching facilities.
Unidex · generated with ImageGen
Checked 2026-11-05
Symbolic subject artwork; no university facility depicted
4 / 5 years
Duration (years)
4 years regular · Typically 5 years co-op
Waterloo typical regular and co-op degree durationsCo-op details
Work experience
Regular or co-op. First work term can be spring after first year, fall of second year or winter of second year.
Waterloo Mathematics/Financial Analysis and Risk Management~Mid-80s
Entering average
Published approximate guidance: Mid-80s. Historical guidance checked November 2026. Waterloo uses individual selection and publishes approximate guidance for Ontario high-school applicants.
Waterloo Mathematics/Financial Analysis and Risk Management
Deadlines
November 2026
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
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| 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 9 | 10 | 11 | 12 | 13 | 14 | 15 |
| 16 | 17 | 18 | 20 | 21 | 22 | |
| 23 | 24 | 25 | 26 | 27 | 28 | 29 |
| 30 |
Next deadline
OUAC. Ontario high schools report midterm/final 4U/M grades
2027 entry
School deadline, not a student task. Universities receive these grades by November 26. Verbatim: "Deadline for the OUAC to receive all midterm or final grades available for 4U/M courses from Ontario high schools. Schools may report in-progress grades for full-year courses as soon as they are available." Universities receive these by the target date of November 26, 2026. This is a deadline on the high school, not on the student, but it governs which grades a university sees in the first round.
Other deadline details
No single OUAC deadline, deadlines are set by each university and sometimes by programOUAC Undergraduate application, applicants who are not Ontario high school students (Group B)2026 entry
- No single OUAC deadline, deadlines are set by each university and sometimes by program
- No single OUAC deadline
- University, program, transcript, portfolio, interview, and audition dates still apply
Full source wording
Verbatim: "There is no specific Undergraduate application deadline if you are a Group B applicant. Deadlines vary at each university and sometimes depend on the program. Visit the university websites or contact the universities directly for their deadlines. If you are interested in a program but the deadline has passed, you may contact the university's admission office for help. Be aware of university-specific deadlines for submitting transcripts and portfolios, if required, and for arranging interviews and auditions. You must ensure the OUAC has enough time to process your choices before the universities' program deadlines." OUAC defines Group B as anyone who does not meet the Group A criteria, e.g. not currently taking an Ontario high school course, a Canadian outside Ontario, an international applicant, a postsecondary transfer student, or a mature applicant.
SourceChecked
Requirements
Admission requirements
High-school prerequisites
MHF4UAdvanced Functions
MCV4UCalculus and Vectors
ENG4U / EAE4UAny Grade 12 U English
One other Grade 12 U course
- Ontario Secondary School Diploma and six Grade 12 U or M courses. Include two additional U or M courses beyond the four listed requirements.
Application steps
Entry terms · Fall
September 2027 first-year Waterloo entry through WMF.
Waterloo Fall 2027 application and document deadlinesStep 1Check the admission requirements
- Check the published entry route for your applicant category.
Step 3Declaration of Academic Experience (DAE)
- Complete the DAE in the Waterloo applicant portal. It updates your checklist with any required documents.
Step 4Select Mathematics/Financial Analysis and Risk Management (WMF) on OUAC and choose regular or co-op study.
- Complete this item using the university’s applicant instructions.
Step 5Complete the Declaration of Academic Experience in your Waterloo applicant portal.
- Complete this item using the university’s applicant instructions.
Step 6Submit the required Admission Information Form and the Mathematics Supplementary Information Form in your portal.
- Complete this item using the university’s applicant instructions.
Step 7Check the portal for transcripts and English-language documents if requested.
- Complete this item using the university’s applicant instructions.
Waterloo reviews grades and supplementary forms. The Admission Information Form is required.
Waterloo Fall 2027 AIF and supplemental formsDegree requirements
Credits and degree requirements
- Complete 40 courses, including at least 20.0 academic units and the program’s required course groups.
- Maintain at least a 60% cumulative overall average. The plan may have additional average rules.
ReferencesWaterloo FARM Chartered Financial Analyst specialization academic planWaterloo Mathematics/Financial Analysis and Risk ManagementWaterloo FARM specializations and degree requirementsWaterloo FARM Professional Risk Management specialization academic planWaterloo Bachelor of Mathematics Honours graduation rules academic planWaterloo Faculty of Mathematics co-op degree requirementsWaterloo Faculty of Mathematics co-op sequence charts
Work and practical requirements
- Complete at least seven full-time terms in regular study or eight in co-op.
- Co-op students need five credited work terms and the required professional development courses.
ReferencesWaterloo FARM Chartered Financial Analyst specialization academic planWaterloo Mathematics/Financial Analysis and Risk ManagementWaterloo FARM specializations and degree requirementsWaterloo FARM Professional Risk Management specialization academic planWaterloo Bachelor of Mathematics Honours graduation rules academic planWaterloo Faculty of Mathematics co-op degree requirementsWaterloo Faculty of Mathematics co-op sequence charts
Program facts
Entering average~Mid-80s
Waterloo uses individual selection and publishes approximate guidance for Ontario high-school applicants.
Waterloo Mathematics/Financial Analysis and Risk ManagementWaterloo Mathematics/Financial Analysis and Risk ManagementCo-opCo-op details
Regular or co-op. First work term can be spring after first year, fall of second year or winter of second year.
University work-study informationMajors & specializations
Both specializations lead to the Waterloo BMath. Students choose in third year. Professional designations have separate requirements.
Chartered Financial Analyst specialization
BMath
Study valuation, investment and financial analysis using company financial information.
Courses
Waterloo’s first-year example and upper-year examples. Use the separate calendar plans for each specialization.
1A · Fall4 listed
Take a communication course. Advanced math and computing options may be available.
- COMM 101Introduction to Financial Markets
MATH 135Algebra for Honours Mathematics- MATH 137Calculus 1 for Honours Mathematics
CS 115 / CS 135Introduction to Computer Science 1 or Designing Functional ProgramsChoose the approved sequence.
1B · Winter3 listed
Take a communication course and choose one of AFM 101, ECON 101 or ECON 102.
- MATH 136Linear Algebra 1 for Honours Mathematics
- MATH 138Calculus 2 for Honours Mathematics
- CS 116 / CS 136Introduction to Computer Science 2 or Elementary Algorithm Design and Data Abstraction
Continue the approved sequence.
First-year course choices3 listed
Choose one for the published 1B example.
AFM 101Introduction to Financial Accounting- ECON 101Introduction to Microeconomics
- ECON 102Introduction to Macroeconomics
Upper-year course examples4 listed
- CO 372Portfolio Optimization Models
- MATBUS 470Derivatives
- MATBUS 471Fixed Income Securities
- MATBUS 472Risk Management
Elective choices
- Choose electives from the approved lists in the CFA or PRM specialization plan.
ReferencesWaterloo FARM Chartered Financial Analyst specialization academic planWaterloo Mathematics/Financial Analysis and Risk ManagementWaterloo FARM coursework and career examplesWaterloo FARM specializations and degree requirementsWaterloo FARM Professional Risk Management specialization academic planWaterloo Bachelor of Mathematics Honours graduation rules academic planWaterloo Faculty of Mathematics co-op degree requirementsWaterloo Faculty of Mathematics co-op sequence charts
Careers
Financial Analyst- Asset/Liability Manager
- Credit Risk Manager
Operational Risk Modeling Analyst
Business Intelligence Consultant- Assistant Fund Manager
- Assistant to the Investment Advisor
Sales Tax Internship- Liquidity Management Analyst
- Assistant Risk Manager
- Trading products quantitative analyst
Employers in student profiles
6
- Scotiabank
- TD Securities
- RBC
- CIBC
- Iconomics
- Nomura Asset Management Co.
Career sectors
4
- Banking
- Asset management
- Investment
- Insurance
Scope and qualifications
CFA and PRM professional credentials have separate requirements.
Waterloo’s sample careers and co-op roles. Employer examples are those Waterloo lists under sample careers.
Professional recognition
Waterloo lists PRMIA accreditation and recognition by CFA Institute.
Scope and qualifications
Waterloo’s sample careers and co-op roles. Employer examples are those Waterloo lists under sample careers.
Costs
Program or faculty
| Program or faculty | Ontario | Other Canadian | International | Books and supplies |
|---|---|---|---|---|
| Accounting and Financial Management, Sustainability and Financial Management | $9,000 | $10,000 | $58,000 | $1,500 |
| Architecture | $14,000 | $15,000 | $75,000 | $8,100 |
| Business Administration (Laurier) and Computer Science (Waterloo) Double Degree | $17,000 | $20,000 | $75,000 | $1,500 |
| Business Administration (Laurier) and Mathematics (Waterloo) Double Degree | $15,000 | $15,000 | $64,000 | $1,500 |
| Computer Science | $16,000 | $18,000 | $73,000 | $1,500 |
| Computing and Financial Management | $11,000 | $12,000 | $64,000 | $1,500 |
| Faculty of Arts | $9,000 | $10,000 | $58,000 | $1,500 |
| Faculty of Engineering, Software Engineering | $19,000 | $21,000 | $75,000 | $1,500 |
| Faculty of Environment | $9,000 | $10,000 | $51,000 | $1,500 |
| Faculty of Health | $9,000 | $10,000 | $54,000 | $1,500 |
| Faculty of Science | $9,000 | $10,000 | $54,000 | $1,500 |
| Geography and Aviation | $9,000 | $10,000 | $51,000 | $1,500 |
| Science and Aviation | $9,000 | $10,000 | $54,000 | $1,500 |
| Global Business and Digital Arts | $14,000 | $16,000 | $56,000 | $1,500 |
| Mathematics (includes 16 majors), Mathematics/ Business Administration, Mathematics/Chartered Professional Accountancy | $9,000 | $10,000 | $62,000 | $1,500 |
| Mathematics/Financial Analysis and Risk Management | $12,000 | $14,000 | $63,000 | $1,500 |
First-year estimate
2026–27 · Two terms · CAD
Ontario example · Choose your fee category
Tuition and incidental fees$12,000
Books and supplies$1,500
Residence$8,254
Residence
Meal plan$8,040
Meal plan
Estimated total$29,794
For the co-op stream, add $1,672 for two first-year study terms.
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