Help! Math/CA or AFM-PA?
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Help! Math/CA or AFM-PA?

A photo of jeanettecyr jeanettecyr
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)
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A photo of g93 g93
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)
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A photo of jeanettecyr jeanettecyr

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?
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A photo of g93 g93

@jeanettecyr wrote

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?


While Math/CA is still a great program, I think the Math part is a waste of time. Sure it develops a "higher-order thinking" as some people claim, but it is fairly uselss for most accounting, and focusing on the AFM courses and your ECs and co-op terms would be more beneficial, plus it would be faster.
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A photo of jeanettecyr jeanettecyr

@g93 wrote

@jeanettecyr wrote

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?


While Math/CA is still a great program, I think the Math part is a waste of time. Sure it develops a "higher-order thinking" as some people claim, but it is fairly uselss for most accounting, and focusing on the AFM courses and your ECs and co-op terms would be more beneficial, plus it would be faster.



Would it not look better to employers to have a BMath from Waterloo as well as the MAcc? Is the BAFM seen just has highly?
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A photo of g93 g93

@jeanettecyr wrote

@g93 wrote

@jeanettecyr wrote

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?


While Math/CA is still a great program, I think the Math part is a waste of time. Sure it develops a "higher-order thinking" as some people claim, but it is fairly uselss for most accounting, and focusing on the AFM courses and your ECs and co-op terms would be more beneficial, plus it would be faster.



Would it not look better to employers to have a BMath from Waterloo as well as the MAcc? Is the BAFM seen just has highly?


Slightly, but not really. As soon as you get your CA, they do not really care where you went to school or what degree(s) you have. AFM gets you there fast and easy. For most accounting jobs the BMath is pretty useless. They will make note of it I'm sure, but they will be more interested in work experience, interview skills, ECs, volunteer, etc. in most cases.
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A photo of IanSharer IanSharer

@g93 wrote

@jeanettecyr wrote

@g93 wrote

@jeanettecyr wrote

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?


While Math/CA is still a great program, I think the Math part is a waste of time. Sure it develops a "higher-order thinking" as some people claim, but it is fairly uselss for most accounting, and focusing on the AFM courses and your ECs and co-op terms would be more beneficial, plus it would be faster.



Would it not look better to employers to have a BMath from Waterloo as well as the MAcc? Is the BAFM seen just has highly?


Slightly, but not really. As soon as you get your CA, they do not really care where you went to school or what degree(s) you have. AFM gets you there fast and easy. For most accounting jobs the BMath is pretty useless. They will make note of it I'm sure, but they will be more interested in work experience, interview skills, ECs, volunteer, etc. in most cases.



This.

Also, when you say you love math, do you actually know what that entails? It's not the same applications driven math you're used to in high school. If you have any friends at Waterloo, take a look at their textbooks and see if you actually like the theory behind math and not just plugging in formulas and following patterns (ie. the math we've done in school thus far).
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A photo of jeanettecyr jeanettecyr

@g93 wrote

@jeanettecyr wrote

@g93 wrote

@jeanettecyr wrote

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?


While Math/CA is still a great program, I think the Math part is a waste of time. Sure it develops a "higher-order thinking" as some people claim, but it is fairly uselss for most accounting, and focusing on the AFM courses and your ECs and co-op terms would be more beneficial, plus it would be faster.



Would it not look better to employers to have a BMath from Waterloo as well as the MAcc? Is the BAFM seen just has highly?


Slightly, but not really. As soon as you get your CA, they do not really care where you went to school or what degree(s) you have. AFM gets you there fast and easy. For most accounting jobs the BMath is pretty useless. They will make note of it I'm sure, but they will be more interested in work experience, interview skills, ECs, volunteer, etc. in most cases.



I would have much more time for ECs if I chose AFM, wouldn't I? That would be good if employers care a lot about ECs.
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A photo of g93 g93
^Yes, as you wouldn't have to deal with the UW Math ^^ that IanSharer described
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A photo of jeanettecyr jeanettecyr

@IanSharer wrote

@g93 wrote

@jeanettecyr wrote

@g93 wrote

@jeanettecyr wrote

@g93 wrote
Personally I think AFM-PA > Math/CA (especially if you get into the Fellowship program)



Could you please give me some reasons why?


While Math/CA is still a great program, I think the Math part is a waste of time. Sure it develops a "higher-order thinking" as some people claim, but it is fairly uselss for most accounting, and focusing on the AFM courses and your ECs and co-op terms would be more beneficial, plus it would be faster.



Would it not look better to employers to have a BMath from Waterloo as well as the MAcc? Is the BAFM seen just has highly?


Slightly, but not really. As soon as you get your CA, they do not really care where you went to school or what degree(s) you have. AFM gets you there fast and easy. For most accounting jobs the BMath is pretty useless. They will make note of it I'm sure, but they will be more interested in work experience, interview skills, ECs, volunteer, etc. in most cases.



This.

Also, when you say you love math, do you actually know what that entails? It's not the same applications driven math you're used to in high school. If you have any friends at Waterloo, take a look at their textbooks and see if you actually like the theory behind math and not just plugging in formulas and following patterns (ie. the math we've done in school thus far).



My father took math at Waterloo, as well as my current math teacher, so I have some idea. I know that it isn't like high school, but I am still interested in pursuing it.
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A photo of IanSharer IanSharer

@jeanettecyr wrote
My father took math at Waterloo, as well as my current math teacher, so I have some idea. I know that it isn't like high school, but I am still interested in pursuing it.



That's good. I was just saying because I know a lot of people who "love" math (ie. the keeners who saw simple math patterns, got inflated 90s in high school math but absolutely failed on math contests, etc...).

The way I see it, if you truly love math and can find some usefulness in the specializations offered, then go for it. If not, and you're only considering it because you think the math degree is prestigious, I'd go with AFM.
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A photo of Subtle Subtle
It seems that you really enjoy math. The content in Math/CA is challenging simply because of the workload, and like g93 said it doesn't really look THAT impressive. But if you love math then Math/CA is the way to go. I don't really see any pros/cons in the long run, it's more of a decision based on your own preference.
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A photo of simplySimple simplySimple
Ya I agree with Subtle/g93

I think the question comes down to "Do you LOVE math?"
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A photo of g93 g93
And this is not to say that Math/CA is bad (duh, it is very likely the hardest program to get into, besides Biotech/CA).

I would say it's like comparing a Bentley and a Rolls Royce. Do you really need all that the Rolls Royce entails, all the extra fluff, or would the Bentley be better? Maybe a little less prestigious, but nice and clean and hand-made.

They are both excellent paths that will get you to the same place. You can definitely rationalize choosing one or the other. For my money, it's AFM.
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A photo of simplySimple simplySimple
^^ I love how you always compare programs to cars.
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A photo of jeanettecyr jeanettecyr
Thanks for all your help everyone. :)

I'm leaning towards AFM-PA because of having more time to enjoy life and work towards my CA and simply focus on Accounting. The Math seems almost a waste of time if the BAFM looks just as good. I'd like to be involved with ECs, volunteering, and having a social life. AFM-PA sounds much more enjoyable for a university experience.

I haven't totally decided but I don't think I will for some time. If anyone else has any thoughts, I'd still love to hear them.
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A photo of g93 g93

@simplySimple wrote
^^ I love how you always compare programs to cars.


:bball: Easiest way to give an analogy IMO. Does it work?
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A photo of simplySimple simplySimple
I was in a similar position as you are in the beginning of the school year, but then i decided not to apply to math/ca because I knew that if I got accepted, I'd force myself to go there, even if I didn't like it. Its kind of the program I've wanted to go to since gr. 9
Also, after taking computer science, I knew that math/ca was not for me.
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A photo of PaperPen PaperPen
Well, I guess it comes down to whether or not you can handle the Math. Math/CA is in the Math Faculty, so mandatory CS courses. Even if you got really good marks in math (which you probably did, since you got into Math/CA), you have to decide whether or not you think you want to or will succeed in UW Math. Looking at courses you take in both programs will probably help your decision.
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A photo of Anonymous Anonymous
I also think that AFM-PA (especially with Fellowship) would be a better choice when compared to Math/CA for the vast majority of applicants.

However, as previously mentioned, it all comes down to personal preference.

I would also wait if you make AFM-PA before making a decision and possibly fellowship. You will be able to make a much more rational decision once you receive note on whether you have or have not been accepted (hopefully have been accepted :D)
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A photo of IanSharer IanSharer

@BusinessStudent wrote
Same I got accepted to MATH/CA today and like you I'm stuck between math ca and afm. However, everyone seems to be sayin how math ca salaries are typically higher than afm. Also, I personally know this Math CA guy whos in his 20s and he works as a CA and makes $140 per hour!!!

Also, you want to become a CA at a TOP CA FIRM RIGHT?!! then go with math ca cuz its easier to get a high paying job at a top ca firm! Everyone I know keeps on sayin how this program will lead you to a TOP CA firm. in accounting the salary you make is directly based on
1) how good the firm is
2) your potential/reputation
3) oh yeah the co-op rate for math ca is 100%! accordfing to waterloo which means that youll get COOP IF you dont plan to fail.

c'mon you cant be seriously turning down math ca for afm-pa. A lot of people would do ANYTHING to get into math ca.





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A photo of Junction Junction

@BusinessStudent wrote
Same I got accepted to MATH/CA today and like you I'm stuck between math ca and afm. However, everyone seems to be sayin how math ca salaries are typically higher than afm. Also, I personally know this Math CA guy whos in his 20s and he works as a CA and makes $140 per hour!!!

Also, you want to become a CA at a TOP CA FIRM RIGHT?!! then go with math ca cuz its easier to get a high paying job at a top ca firm! Everyone I know keeps on sayin how this program will lead you to a TOP CA firm. in accounting the salary you make is directly based on
1) how good the firm is
2) your potential/reputation
3) oh yeah the co-op rate for math ca is 100%! accordfing to waterloo which means that youll get COOP IF you dont plan to fail.

c'mon you cant be seriously turning down math ca for afm-pa. A lot of people would do ANYTHING to get into math ca.





I lol'ed at this post; I'm assuming when you're saying "TOP CA FIRM" you mean the largest firms (the big 4), and I can confirm to say that they treat AFM-PA's and Math/CA's identically in their selection process; they don't favor one over the other.

From what I saw other people write, most is true. It is indeed tougher to get the marks of your AFM counterparts, but MARKS ISN'T EVERYTHING. I know people with insanely high averages that got stuck with less than ideal jobs because they CAN'T NETWORK. Once you're in the 85+ zone, if you can impress the recruiters, you're good to go.

I'm not 100% sure, but I don't even think there is even that much math for Math/CA's past first year; they basically take the math counterparts of the AFM finance courses, and take some here or there (which could suck if one absolutely hates math).

If you're highly motivated to get involved in first year AND get decent grades (and have the capacity to do so in math), then I would suggest going into Math/CA. I think Math/CA is a great program as it gives you a math background which could be SUPER useful in interviewing situations if you ever decide to go into something like finance after getting your CA. At the end of the day, it's all about impressions to get the job.

P.S. The $140/hour in an accounting job is almost impossible unless you're a senior "senior manager" or a partner. What you're referring to is the "chargeable rate" a firm charges to their clients...and even newly hired staff accountants charge at that rate!

Source: I've been in the AFM program for two years and worked at a Big4 during my co-op term.

Just my 2 cents, hope that clarifies some aspect of the whole AFM-PA vs Math/CA that's been going on.
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A photo of g93 g93

@Junction wrote

@BusinessStudent wrote
Same I got accepted to MATH/CA today and like you I'm stuck between math ca and afm. However, everyone seems to be sayin how math ca salaries are typically higher than afm. Also, I personally know this Math CA guy whos in his 20s and he works as a CA and makes $140 per hour!!!

Also, you want to become a CA at a TOP CA FIRM RIGHT?!! then go with math ca cuz its easier to get a high paying job at a top ca firm! Everyone I know keeps on sayin how this program will lead you to a TOP CA firm. in accounting the salary you make is directly based on
1) how good the firm is
2) your potential/reputation
3) oh yeah the co-op rate for math ca is 100%! accordfing to waterloo which means that youll get COOP IF you dont plan to fail.

c'mon you cant be seriously turning down math ca for afm-pa. A lot of people would do ANYTHING to get into math ca.





I lol'ed at this post


This
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A photo of Arctic Arctic
There are applicable uses for your math side of Math/CA. You just have to find out what you want to do. For sure, if you're passionate about math, there's no reason why you shouldn't.

Math/CA offers three streams of specialization for its math side
Actuarial Science
Finance - The vast majority takes this either believing it's the path of least resistance or with the intentions of getting a CFA designation... you know, more designation bling
Information Systems Management option - Can be tweaked to get CS minor without any additional courses, useful for internal controls testing in auditing.

I personally enjoy the latter, so I created a 'course progression', a list of courses that maps out all the courses I have to take each term so it's definitely possible. :)
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Also, if you've been accepted, start a University of Waterloo Math/CA Class of 2016 Facebook Group! :) We've had one for every year since 2013!
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