UNIVERSITY OF WATERLOO · CANADA
Financial Analysis and Risk Management (FARM)
Bachelor's · Taught in en
At a glance
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Duration
6.5
IELTS
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Tuition / yr
en
Language
Bachelor's
Level
The Financial Analysis and Risk Management (FARM) program at the University of Waterloo provides a specialized undergraduate education focused on the financial sector. It equips students with the knowledge and skills necessary to understand and manage financial risks, analyze markets, and make informed financial decisions. The program is offered through both a regular study system and a co-operative education (co-op) system, allowing students to choose a path that best suits their learning and career goals. Whether opting for regular study or the integrated work-study experience of co-op, graduates are prepared for advanced professional designations and a variety of roles in the finance industry.
Careers
Graduates of the Financial Analysis and Risk Management program are well-prepared for a variety of roles in the finance industry. The program also serves as a strong foundation for pursuing highly recognized professional designations.
- Financial analyst
- Quantitative analyst
- Pricing analyst
- Internal auditor
- Market risk manager
- Asset/Liability manager
- Credit risk manager
Frequently asked questions
- What are the English language proficiency requirements for international students?
- International students whose first language is not English may need to provide scores from tests like IELTS Academic (6.5 overall, with 6.5 in writing/speaking, 6.0 in reading/listening) or TOEFL iBT (90 overall, with 25 in writing/speaking for tests before Jan 21, 2026; 4.5 overall with 5 in writing/speaking for tests from Jan 21, 2026 onwards). Exemptions may apply if you have studied in an English-language school system.
- How can I estimate my tuition and fees?
- Tuition fees are based on your international student status. You can estimate specific tuition and incidental fees using the Tuition Fee Estimator tool on the University of Waterloo website for the 2026/2027 academic year. This tool does not include living expenses like housing or textbooks.
- What is the duration of the Financial Analysis and Risk Management program?
- The program is offered through a regular study system with eight study terms, or a co-operative education (co-op) system that integrates work and study terms. Specific program length depends on the chosen system and sequence.
- What are the career prospects after graduating from this program?
- Graduates are prepared for roles such as financial analyst, quantitative analyst, or market risk manager. The program also provides a strong foundation for pursuing professional designations like the Chartered Financial Analyst (CFA).
- How do I apply for the Financial Analysis and Risk Management program?
- You need to submit an application through the applicant portal, meet academic and English language requirements, and provide supporting documents like official transcripts and test scores by the program's deadline.
Entry requirements
IELTS Academic6.5 overall, with 6.5 in writing and speaking, and 6.0 in reading and listening
TOEFL iBT90 overall, with 25 in writing and speaking (for tests completed before January 21, 2026). For tests completed as of January 21, 2026, the requirement is 4.5 overall with 5 in writing and speaking.
You may need to provide an English language test score if your first language is not English and your four most recent years of full-time education have not been in an English-language school system. Exceptions may apply if you have studied in Canada and your first language is English, if you are a Francophone Canadian, or if your four most recent years of full-time education were taught in an entirely English-language school system. Official transcripts or a letter from your previous schools confirming the language of instruction are required for exemption claims. Test results must be sent directly from the testing agency to the University of Waterloo's Office of the Registrar.
Fees
Tuition (international)Tuition fees are assessed based on your domestic residency or international immigration status. Specific amounts can be estimated using the Tuition Fee Estimator tool on the University of Waterloo website. This tool provides an estimate of tuition and incidental fees, and potentially residence and meal plan costs if applicable. Additional expenses like off-campus housing, groceries, and textbooks are not included.
Tuition (home)Tuition fees are assessed based on your domestic residency or international immigration status. Specific amounts can be estimated using the Tuition Fee Estimator tool on the University of Waterloo website. This tool provides an estimate of tuition and incidental fees, and potentially residence and meal plan costs if applicable. Additional expenses like off-campus housing, groceries, and textbooks are not included.
LivingThe Tuition Fee Estimator tool does not provide estimates for living expenses such as off-campus housing, groceries, textbooks, or equipment.
The Tuition Fee Estimator provides estimates based on the 2026/2027 academic year and assumes a Fall 2026 program start. Costs for preliminary English language training programs are not included in degree program estimates. Fee schedules are available for a more detailed breakdown of costs.
How to apply
1. Submit an ApplicationComplete the application through the applicant portal. This typically involves providing personal information, academic history, and program choices.
2. Meet Admission RequirementsEnsure you meet both the academic and English language proficiency requirements for your chosen program. Review the specific requirements for the Financial Analysis and Risk Management program.
3. Provide Supporting DocumentsUpload or send official transcripts, English language test scores (if required), and any other requested documents by the program's document deadline. Official test scores must be sent directly from the testing agency.
4. Complete Declaration of Academic ExperienceAfter applying, complete the Declaration of Academic Experience in the applicant portal to confirm if you need to submit English language test scores.
Frequently asked questions
What are the English language proficiency requirements for international students?
+
International students whose first language is not English may need to provide scores from tests like IELTS Academic (6.5 overall, with 6.5 in writing/speaking, 6.0 in reading/listening) or TOEFL iBT (90 overall, with 25 in writing/speaking for tests before Jan 21, 2026; 4.5 overall with 5 in writing/speaking for tests from Jan 21, 2026 onwards). Exemptions may apply if you have studied in an English-language school system.
How can I estimate my tuition and fees?
+
Tuition fees are based on your international student status. You can estimate specific tuition and incidental fees using the Tuition Fee Estimator tool on the University of Waterloo website for the 2026/2027 academic year. This tool does not include living expenses like housing or textbooks.
What is the duration of the Financial Analysis and Risk Management program?
+
The program is offered through a regular study system with eight study terms, or a co-operative education (co-op) system that integrates work and study terms. Specific program length depends on the chosen system and sequence.
What are the career prospects after graduating from this program?
+
Graduates are prepared for roles such as financial analyst, quantitative analyst, or market risk manager. The program also provides a strong foundation for pursuing professional designations like the Chartered Financial Analyst (CFA).
How do I apply for the Financial Analysis and Risk Management program?
+
You need to submit an application through the applicant portal, meet academic and English language requirements, and provide supporting documents like official transcripts and test scores by the program's deadline.