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Course Title
Faculty of Science and Health

Actuarial Mathematics

Bachelor of Science (Hons) in Actuarial Mathematics

  • CAO CodeDC126
  • Course type Undergraduate
  • Qualification Honours Bachelors Degree
  • Delivery Modes Full-time
  • Min Points 2016 515
  • Duration 4 Years

The DCU BSc in Actuarial Mathematics prepares students to pursue a career as an actuary or, more generally, for a career in finance. Actuaries are involved in quantifying and managing risk and work in areas as diverse as banking, insurance and healthcare.  As financial markets become increasingly complex there is a growing need for professionals who combine both mathematical and financial expertise. Graduates of the DCU BSc in Actuarial Mathematics are in high demand by both the actuarial and financial industry in Ireland and internationally.

Why do this course?

  • Course is fully accredited by the Institute and Faculty of Actuaries, UK
  • Opportunity to gain exemptions from up to eight of the Core Technical examinations of the Institute and Faculty of Actuaries, UK
  • Paid work experience allows students to gain practical actuarial experience and enables them to make informed career decisions
  • Industry sponsored prize awarded each year to the graduate with the best academic performance
  • DCU specialises in the application of mathematics to finance and students are also exposed to cutting edge research in actuarial science and financial mathematics

Student Voice

This degree is the perfect foundation for a career as an actuary, as well as any career in banking, insurance and financial services. The work experience in third year is a fantastic way to get hands-on experience and helped me decide the direction I wanted my career to go. Doing this course in DCU has fast-tracked my qualification as an actuary and given me an excellent college experience, with friends that I will have for life.

John Harney, Actuarial Mathematics Graduate

About the course

In the first two years of their degree students cover the fundamental mathematical principles that underpin the financial models studied in later years. Students also study practical and finance-related subjects such as computer programming, economics and accounting. In years three and four students apply sophisticated mathematical techniques to real-world problems in insurance, finance and banking. In their final year students may also choose from a range of optional modules in applied finance of relevance to today’s complex financial markets.

In year three, students spend eight months on a paid work placement (INTRA) in the actuarial or financial industry.  The placements are, typically, with major insurance companies, actuarial consultancies or in investment banks and trading houses. This is a key opportunity for students to gain practical skills and experience in a commercial environment and also helps students make an informed career choice on graduation.

Actuarial Exemptions

 

The BSc in Actuarial Mathematics is fully accredited by the Institute and Faculty of Actuaries, UK.  Students may obtain exemptions from up to eight Core Technical (CT 1-8) examinations of the Institute and Faculty of Actuaries, UK. These are the initial examinations required in order to qualify as an actuary in Ireland and the UK. Exemptions depend on examination performance during the degree and students who achieve all eight exemptions can significantly reduce the time taken to qualify as an actuary.

Course Life

We have a unique and vibrant culture on our modern campus close to Dublin city centre. We provide state-of-the-art study facilities for all our courses and everything else you need for a healthy, fun and active student life.  

There is also an active student society, FAMS (Financial and Actuarial Maths Society), organised by students of the actuarial and financial mathematics degrees.  The society hosts social and career events throughout the year and involves students from all years of the degrees. Events range from the society’s annual ball to company presentations by prospective employers.

Exceptional Facilities

DCU students enjoy exceptional teaching and learning facilities across our 3 academic campuses. These include modern learning theatres, research centres, television and sound studios, classrooms, computer suites and advanced laboratories in the areas of languages, engineering, physics, chemistry and biotechnology, as well as a sports performance centre and a virtual hospital ward.

 

A Vibrant, Dynamic Social Environment
Student facilities include a superb sports complex with a 25 metre pool, two libraries and The Helix, our renowned performing arts centre. In 2016 we announced plans to invest over €230m in developing new, world-class facilities across our three academic campuses. Already building has begun on an exciting, new €14m Student Centre that will be home to the more than one hundred and twenty student clubs and societies. This commitment to student facilities means that our world-class learning experiences are complemented by a vibrant, dynamic social environment.

Careers

The BSc in Actuarial Mathematics provides an excellent start to a career as an actuary or in finance.  Students who perform sufficiently well on the degree may be exempt from some or all of the Core Technical examination CT1-8 of the Institute and Faculty of Actuaries, UK and can, therefore, significantly reduce the time taken to qualify as an actuary.  The Actuarial Profession is a global profession with opportunities internationally in America, Asia, India, Africa and Australia. Graduates are also well placed to undertake further studies and research in actuarial science, mathematics, financial mathematics, economics and finance. Graduates can look forward to a rewarding and varied career with opportunities in all areas of the actuarial profession as well as certain areas of business and finance including:

  • Actuary Consultancy
  • Consultancy
  • Financial Management
  • Financial Services
  • Management Consultancy
  • Risk Management
  • Statistical Analysis

Requirements

Leaving Certificate

In addition to the general entry requirements for admission to the university the following entry requirements apply

Minimum of H3 in Mathematics

GCE A Level

In addition to the general entry requirements for admission to the university the following entry requirements apply

GCE A Level B Mathematics

FETAC Level 5

No Entry Path

Transfer Applications

Applications are welcomed from students who wish to transfer from another level 8 course, providing that they have achieved the requisite points and fulfil the requirements of the course. Due to the special nature of the Actuarial Mathematics course, candidates will usually only be considered for entry into first year.

Transfer students may be exempt from certain modules.

International Applications

International candidates are expected to have educational qualifications of a standard equivalent to those outlined above. In addition, where such candidates are non-native speakers of the English language they must satisfy the university of their competency in the English language. For further information on international applications click here.

How to Apply and Closing Dates

Applicants presenting EU School Leaving examinations

Applicants presenting EU School Leaving/FETAC Level 5 examinations: Apply through the Central Applications Office (CAO) by 1st February or 1st May

Applicants presenting examinations from outside the EU

Candidates should apply directly to DCU. Applications are accepted on an ongoing basis up to 1st July. All Non-EU candidates are advised to apply early, as places are limited.

Mature Applicants

All mature applicants apply through the CAO by 1st February. For further information and for special application procedures for mature students, please click here

EU Transfer Applicants

Apply directly to DCU by the 1st July

Make an Application

Candidates required to apply through the CAO can apply online at cao.ie
Candidates required to apply directly to DCU can download, print and complete a direct application form by clicking here