Quantitative Finance and Insurance (Minor)

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.

Program options

• Minor in Quantitative Finance and Insurance (24 credits)

The minor must be combined with an Honours, specialization or major program.

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 Analysis and Approaches SL)
• International Baccalaureate Career-related Programme (CP): 27 overall, 4 math
  • Additional Career-related Programme (CP) course requirements
• Baccalauréat français: 12 overall, 12 math
  
  • Première: Spécialité mathématiques
    Additional information for Baccalauréat français applicants
• 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.

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.