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Office of the Associate Dean, Undergraduate Studies

McMaster Academic Planner (MAP) - 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, 2023The 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.

The CAS University Recognition Program

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


Introduction to Finance


Introduction to Differential Equations


Introduction to Mathematical Finance


Applied Linear Algebra


Linear Algebra 2


Introduction to Probability