Actuarial science and mathematical finance

The University of Waterloo acknowledges that much of our work takes place on the traditional territory of the Neutral, Anishinaabeg and Haudenosaunee peoples. Our main campus is situated on the Haldimand Tract, the land granted to the Six Nations that includes six miles on each side of the Grand River. Our active work toward reconciliation takes place across our campuses through research, learning, teaching, and community building, and is centralized within our Office of Indigenous Relations. Actuarial science and financial mathematics “Our students gain a solid background from the three disciplines, helping them grow their skills with depth and breadth,” said Ethan Chiang, chair of the Department of Finance. “They learn from faculty who are passionate about research and discoveries and who also are committed to student and alumni success. They are able to apply what they are learning to real-world problems, with highly qualified mentors guiding them.”

And, of course, it’s your internship that would very often lead to your first job in the field. With firms actively recruiting talent straight out of college to get the most promising students to sign on even before graduating, they use this time to identify the best and brightest and begin fostering relationships early on. It’s kind of like being a star collegiate athlete. If you’ve got what they want, those firms will go to great lengths to court you and make you part of the team. The biggest names in insurance are known for sponsoring orientations in the lead-up to internships as a way to build a sense of loyalty and comradery, often putting prospects up in high-end hotels during these multi-day events. Financial Mathematics Drs. Boudreault and Renaud answer the need for a clear, application-oriented guide to the growing field of actuarial finance with this volume, which focuses on the mathematical models and techniques used in actuarial finance for the pricing and hedging of actuarial liabilities exposed to financial markets and other contingencies. With roots in modern financial mathematics, actuarial finance presents unique challenges due to the long-term nature of insurance liabilities, the presence of mortality or other contingencies and the structure and regulations of the insurance and pension markets.

Phone: (386)822-7140 Working as an Actuary MAT 125 or 127, MAT 128, MAT 200 and STA 215

History and Philosophy of ScienceThe actuaries' criticisms above are valid insofar as reality is considerably more complex than captured in the models. But this is always so. Roehner (2002) categorizes scientific models into four orders of complexity, depending on the phenomena modeled. He shows that there has never been an example of a satisfactory scientific model for phenomena as complex as those at the centre of actuarial science. Why Should I Choose Actuarial and Financial Science? All students are required to satisfy the General Education Requirements (GER). All GER courses and additional mathematics, technical, and free electives are to be selected in consultation with a faculty advisor in the Department of Mathematical Sciences. Refer to the General Education Requirements section of this catalog for further information on electives.