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McMaster Academic Planner (ÑÇÖÞÌìÌÃ) - Faculty of Science

Honours Actuarial and Financial Mathematics

Honours Actuarial & Financial Mathematics is ideal for students with strong mathematical skills who are considering careers as an actuary or in the financial industry.

The program prepares students with the knowledge and skills needed to write the actuarial exams, claim all three actuarial Validation by Educational Experiences (VEEs) and develop the professional requirements that lead to career success in industries like insurance and banking.

October 31, 2023 – The Casualty Actuarial Society (CAS) has announced that McMaster University has received the highest honour through the CAS University Recognition Program, achieving the Gold Tier.

This program recognizes academic institutions with a demonstrated commitment to preparing property and casualty actuaries through their educational offerings. The CAS is the world’s only actuarial organization focused exclusively on property and casualty risks, serving over 10,000 members worldwide. CAS members work for insurance companies, educational institutions, state insurance departments, federal government agencies, independent consulting firms, and many other organizations that require management of risk.

Program Type

Honours Bachelor of Science

Degree at Graduation

Limited Enrollment

Co-op Program

Beginning at Level 3

Learn More about Level 2 Program Types

Admission Requirements

Enrollment in this program is limited.

Possession of the published minimum requirements does not guarantee admission. Admission is by selection and is based on completion of the supplementary application by the stated deadline and academic achievement, but requires, as a minimum, completion of any Level 1 program with a Grade Point Average of at least 5.0 including:

  • 1 course from MATH 1A03, 1LS3, 1X03
  • 1 course from MATH 1AA3, 1LT3, 1XX3 with a grade of at least 6.0 (C+)
  • MATH 1B03

Typical Second-Year Courses

COMMERCE 2FA3

Introduction to Finance

MATH 2C03

Introduction to Differential Equations

MATH 2FM3

Introduction to Mathematical Finance

MATH 2LA3

Applied Linear Algebra

MATH 2R03

Linear Algebra 2

STATS 2D03

Introduction to Probability

Career Opportunities

Actuarial & Mathematics students develop a range of skills that are easily transferred to a wide range of careers.

Graduates have pursued careers in the following areas:

  • Actuarial Science
  • Financial Analysis
  • Accounting
  • Data Analysis
  • Economics
  • User Experience Design
  • Stock Market Analysis
  • Auditing
  • Biostatistics
  • Cyber Security
  • Software Development