Program Overview

MSc in Financial Mathematics

Overview

Designed to give you a competitive edge, the programme offers the skills and knowledge you need to succeed in quantitative finance and insurance roles.

During the course, you’ll learn about the fundamentals of mathematics and finance to help build your technical skills. You’ll also cover pricing, hedging of financial derivatives, portfolio optimisation, risk management, data analysis, machine learning and more.

Careers & Further Options

The increasing sophistication of financial markets has created an unprecedented need for advanced mathematics in the banking, insurance, and finance sectors.

Graduates with a wide spectrum of quantitative methods and the ability to adapt them to new situations are far more valuable to an employer than candidates with narrowly focused training.

Graduates are employed in quantitative roles in the FinTech, Financial Services and Banking industries. Typically working to determine price, analyse and manage risk, and identify profitable opportunities.

Entry Requirements

• Hold an award equivalent to an Honours B.Sc. or similar in any quantitative discipline, such as Mathematics, Statistics, Computer Science, Physics, Engineering and Economics.
• Candidates must have an honours primary degree in one of the above disciplines with not less than 50% grade in Calculus, Linear Algebra, Quantitative Methods or similar modules.
• Applicants with appropriate combinations of professional qualifications and work experience will also be considered. Recognition of Prior Learning (RPL) applicants are required to submit a cover letter along with their application under the Transcripts section of the portal, affirming their intent to apply for RPL.
• Candidates who are non-native speakers of English must satisfy the University of their competency in the English language.

Programme Structure

Established in 1996, this programme is the first M.Sc in Financial Mathematics in Ireland and one of the oldest in Europe.

The DCU School of Mathematical Sciences has a long-standing commitment to teaching and research in Financial Mathematics. In 2009, it was awarded the only Stokes Chair in Financial Mathematics in Ireland. It has since attracted funding from Taighde Éireann – Research Ireland, formerly Science Foundation Ireland, with the Edgeworth Centre for Financial Mathematics and an ERC grant on market frictions. The curriculum in this programme is taught by active researchers and has evolved over time to adapt to current developments in this field.

The course can be completed in one year (Autumn, Spring, Summer) with the full-time option or in two years (Autumn, Spring, Summer, Autumn, Spring) with the part-time option.

Fees and Funding

• Full time: €6,000 per annum (EU), €17,000 per annum (Non-EU)
• Modular: €450 per 7.5 credit module (EU), €1,350 per 7.5 credit module (Non-EU)

How To Apply

• All Applicants must apply through DCU's Student Application Portal.
• Academic Transcripts for each and every year of study with English translation if applicable.
• If applicable, provide evidence of competence in the English language as per DCU entry requirements.

Life On Campus

• DCU has three academic campuses; Glasnevin, St. Patrick’s and All Hallows (both in Drumcondra), all close to Dublin City centre.
• Each campus has a library (O’Reilly, Cregan and Woodlock Hall), study spaces, restaurants, and on-campus residencies.
• There are sports facilities on Glasnevin and St. Patrick’s, and there is a dedicated sports campus, St Claire’s, located near Glasnevin on the Ballymun Road.

FAQs

• Is DCU all one campus? DCU is a multi campus university - the Glasnevin, St Patrick's and All Hallows campuses.
• If I'm studying on the St Patrick's campus, can I use the library and sports centre on the Glasnevin campus? Yes, all facilities such as sports and accommodation are open for all DCU students to avail of.
• Are there libraries in DCU and if they have wifi and work stations? We have a brand new state of the art four floor library on our St. Patrick's Campus which complements the existing library on the Glasnevin campus. There is free wifi, work stations as well as desktop computers.