Program type
Minor
Quantitative Finance and Insurance (Minor)
Primary campus
Sir George Williams (SGW)
Start term
Fall, Winter
Why study Quantitative Finance and Insurance?
Today’s global economy relies on the insurance sector to manage risk. Effective risk management makes it possible for economies to generate wealth steadily and efficiently. In an ever-more interconnected global business environment, there’s a growing need for a large corps of qualified, skilled employees to keep these systems running.
This minor program is designed to train students from a variety of major or specialization backgrounds in the methods that are essential in today’s insurance and finance industries, including hybrid insurance and financial vehicles and derivatives.
Special funding for out-of-province students
Up to $4000 for undergraduate programs.
Program structure
Program options
- Minor in Quantitative Finance and Insurance (24 credits)
The minor must be combined with an Honours, specialization or major program.
Courses
United States students: A U.S. Federal Student Aid-eligible version of this program is offered. This version meets all U.S. regulations (such as no co-operative education or e-courses) for eligible programs.
Admission criteria
Minimum cut-off averages and course requirements
- Quebec CEGEP: 24 overall, 20 math
- Linear Algebra; Calculus 1 & 2
- Additional information for CEGEP applicants
- High School: B- overall, B- math
- One math from Pre-Calculus, Calculus, or equivalent
- ACT or SAT is NOT required
- AP exams are not required but may qualify you for advanced standing
- Canadian curricula course requirements
- Accepted international qualifications
- International Baccalaureate (IB) diploma: 27 overall, 4 math
- One math (Applications and Interpretations HL, Analysis and Approaches HL or SL)
- Baccalauréat français: 12 overall, 12 math
- Première: Spécialité mathématiques
Additional information for Baccalauréat français applicants
- Première: Spécialité mathématiques
- British system of education (GCE):
- A-levels: At least two A-level exams CD, C in math or
- AS-levels: At least 4 AS-level exams with equivalent results or
- BTEC: Level 3 Diploma or Extended Diploma in a related subject area with equivalent results
- Additional information for British System of Education (GCE) applicants
- University Transfers (internal/external): CGPA 2.3, 2.3 in math
- Courses in the disciplines of Calculus and Linear Algebra
Minimum cut-off averages should be used as indicators. The cut-off data may change depending on the applicant pool. Applicants who meet the stated minimum requirements are not guaranteed admission to these programs.
Application deadlines
FALL TERM
March 1 is the deadline to apply for fall term entry. International students are encouraged to apply by February 1 to allow sufficient time for CAQ and study permit application processing.
WINTER
November 1 is the deadline to apply for winter term entry. International students are encouraged to apply by September 1 to allow sufficient time for CAQ and study permit application processing.
Not all programs are available for winter term entry. Please check program availability for the term, before you start your application.
We reserve the right to close admission to a program at any time after the official deadline without prior notice.
After your degree
This minor prepares students for working in quantitative roles in the financial industries. Students will acquire skills including trading, portfolio optimization, asset pricing, underwriting, risk management and marketing. These are relevant to roles in banking, asset management, life insurance, property and casualty insurance and reinsurance.
Other programs of interest
Mathematics is a language that answers real-world questions in science and engineering. Statistics is the science of information.
Department
Department of Mathematics & Statistics
Faculty
Finance is a competitive program where you acquire the skills to manage money and practice making decisions that affect the futures of corporations, communities and investors.
Department
Faculty
