The actuarial combination of Calculus, Probability, Statistics, Finance and Risk Theory is a common application that includes insurance, retirement benefits, risk management and financial models.
I. What do you read mainly?
Waterloo's Acturarial Science, starting with Algebra, Calculus, Computer Science, followed by Mathematics of Finance, Risk Theory, Pension Mathematics, Investment Science, Enterprise Risk Management.
II. What students are suitable for?
- Mathematics and statistics
- Willing to deal with models and risks for a long time
- Interest / Insurance / Risk
- Access to professional examinations and qualification paths
What's the difference with Finance?
Finance focuses on investment, corporate finance and markets; Actuarial Science is more of a probability, statistics, long-term risk and insurance mathematics. Both are mathematical, but actuarially more quantitative.
Co-op is worth looking at.
Waterloo provides regular and co-op stock, which allows students to access insurance companies, financial institutions, consultants and risk analysis.
V. PREPARED FOR APPLICATION
For Ontario applicants, Waterloo Mathematics requested Advanced Functions, Calculus and Vectors, 4U Engineering and another 4U, and AIF. The actuarial actuaries themselves represent the advancement of major within the Faculty of Mathematics, and therefore the basis of high school mathematics is very important.
