Financial Mathematics

O.S.S.D. with six Grade 12 U/M courses, including Grade 12 U courses in: English, Advanced Functions (MHF4U), one of Calculus and Vectors (MCV4U) or Mathematics of Data Management (MDM4U), and one of Biology (SBI4U) or Chemistry (SCH4U) or Physics (SPH4U).

Notes:

1. ENG4U/EAE4U is the preferred English.
2. The grade(s) required in the subject prerequisites (normally in the range of 70 percent) will be determined subject to competition.
   
3. Completion of Grade 12 U Physics (SPH4U) is strongly recommended.
   
4. Subject to competition, candidates may be required to present averages/grades above the minimum.

First-year studies will consist of classes in modern mathematics, financial accounting, managerial finance and computer science. In subsequent years, students take courses in calculus, geometry, dynamic systems, differential equations, probability and statistics, investment analysis, microeconomics, computational methods, numerical analysis, stochastic calculations, investment analysis, applied linear algebra, and financial risk management.

All students in science programs must enrol in SCI 180 in their first semester of studies.

Our graduates go on to pursue careers with private companies or government in roles such as investment professional, auditor, accountant, financial manager, business service manager, systems analyst, computer programmer or mathematician.

Research Practicum

SCI 999 - Research Practicum gives students the chance to gain hands-on research experience, in a lab or in the field, by engaging in the research work of a faculty member. Toronto Met records participation in the practicum on the student’s Official Transcript.

SCI 999 is a non-credit, pass-fail course that is not used to fulfil degree program requirements. Students who meet the expectations for the research will get a passing grade. These expectations will be worked out between the student and the professor at enrolment. To take part in SCI 999, students must have a CGPA of 2.5 or more, and they must commit to a minimum of 5 to 10 hours each week (on average) for one term.

There are no tuition fees associated with this practicum.

How to Enrol

1. Students must first find a supervisor. Descriptions of faculty research are available on the Faculty of Science website (opens in new window) .
2. Students should contact supervisors whose research interests them by email or in person. Students must give their potential supervisor an unofficial transcript (opens in new window) , a one-page resumé and a brief covering letter. This package must include their contact information, degree program and stream, a brief statement of their career goals and how this research experience would further those goals, and any relevant work experience (paid or volunteer).
3. Follow the instructions available in the  (PDF file) Research Practicum Application Form (opens in new window) .
   

An optional co-operative program is available which provides the graduating students with 12 months of work experience that enhances their organizational and technical abilities as well as their oral and written communication skills.

Although the Career & Co-op Centre cannot guarantee work term employment, they provide assistance in locating suitable positions and counselling students in their search for suitable jobs. This co-op program enables students to earn competitive wages to offset the costs of a university education.

Students who have completed the first year of the Financial Math program can apply through the Career & Co-op Centre for admission to the co-operative education program at the end of first year during our spring/summer admissions period. This is the only time for students to apply to Co-op. Enrolment in the co-op program is limited. 

Admission will be based on a criteria which includes the student's grade point average, courses completed, a resume, statement of intent and interview if deemed necessary. 

To be admitted into the co-­op program, students must have all first year courses completed and a CLEAR Academic Standing. Students who are direct entry/transfer are not permitted into the program except on an exceptional case by case basis.

Students who are ahead with significant course credits are not permitted into the program except on an exceptional case by case basis.  All decisions regarding admission into the program are final and at the discretion of the Career and Co-op Centre.

The graduation requirements for the co-op program are the same as those for the BSc (Hons) in Financial Mathematics.

The sequencing of academic and work terms is shown below:

Work terms are graded on a pass/fail basis.

Each work term is assessed by the School's Faculty Advisor on the basis of the student's comprehensive written report and the employer's evaluation of the student's performance on the job.

Students must successfully complete 3 co-op WKT’s  in order to graduate from their program of study with a Co-op designation. Once the requirements are satisfied being able to do another work term is at the discretion of the Career & Co-op Centre.

The co-op program requires five years to complete the degree in Financial Math. The regular program can be completed in four years.

All co-op placements must be approved by the Career & Co-op Centre and the Faculty Advisor for the Financial Math co-op program.

Additional information about co-op can be found on the Co-operative Education website.

Students must take three lower level liberal studies courses and three upper level liberal studies courses to graduate. Students must not choose courses that are restricted for their program or major.

Please refer to the liberal studies chapter of this calendar for more information on the Liberal Studies Policy. Further information on liberal studies can also be found at the Faculty of Arts' Liberal Studies website (opens in new window) .

Table A - Lower Level Restrictions

Table B - Upper Level Restrictions

Students may pursue any Minor offered by Toronto Met (with some exceptions). Please refer to the Minors chapter of this calendar for further information on individual Minor requirements and exclusions.

Undergraduate students wishing to pursue a continuing education certificate program should be aware of possible program exclusions. Please refer to the Certificate Registration section of the Curriculum Advising website (opens in new window)  for complete details.

The sequencing of academic and work terms is shown below:

WKT courses are graded on a pass/fail basis.

A Program Advisory Council (PAC) is a group of volunteers that provides expert advice to a school or department on program related matters such as curriculum, program review, technology and trends in the industry, discipline or profession. For more information, see Senate Policy #158 (Program Advisory Councils).

Dr. Joe Campolieti
Associate Professor
Department of Mathematics
Wilfrid Laurier University
 
Dr. Dave Saunders
Associate Professor
Department of Statistics and Actuarial Science
University Of Waterloo
 
Dr. Luis Seco
Professor
Department of Mathematics
University Of Toronto
 
Dr. Tom Salisbury
Professor
Department of Mathematics
York University 
  
Adam Thibideau
Senior Analyst, Global Tactical Asset Allocation
Canada Pension Plan Investment Board
 
Dr. Rudi Zagst
Professor
Chair of Financial Mathematics
Munich University of Technology (Germany)