Financial Mathematics

Program Overview

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Financial Mathematics

Course Details

• CAO Code: DC127
• Course Type: Undergraduate
• NFQ Level: 8
• Placement: Yes
• Delivery Modes: Full-Time
• Minimum Points: 545
• Duration: Two Years

Overview

A career in quantitative finance could be ideal for you and this is the course to prepare you for it. The big advances in financial products in recent decades, such as derivative securities, have been driven by new developments in mathematics. Using and developing these products in risk management demands a deep understanding of their mathematical character.

This course is distinctive in that it digs down into the underlying mathematics, so you’ll become able to work with flexibility and skill with the latest financial products. You’ll gain cutting-edge knowledge in probability and stochastic processes, financial economics, stock-related and fixed income products, time series analysis, machine learning, and computer-based financial simulation.

Careers & Further Options

Careers

As a graduate of the BSc in Financial Mathematics degree, you'll find professional opportunities in a range of areas in the expanding financial sector. Ireland is a major European and global hub for the financial services industry, and is the fourth largest exporter of financial services in the EU.

As well as the careers in finance, banking and insurance for which your degree is specifically designed, as a graduate of the BSc in Financial Mathematics you will also possess an excellent qualification should you wish to progress to further research, to teaching or to employment in business or industry.

Career Prospects

• Financial Services
• Banking
• Investment Manager
• Risk Management
• Financial Trading
• Hedge Fund Services
• Fund Administration

Entry Requirements

General Entry Requirements

No direct entry, entry via DC127 Common Entry into Actuarial and Financial Mathematics

Advanced Entry

Applicants that have completed at least one year of study at NFQ Level 6, 7 or 8 at another institution may apply to continue their studies on a similar programme at DCU. There should be substantial overlap in content between the two programmes to be considered for a transfer. Results and other supporting documentation must be submitted to CAO by the closing date of 1st July. This is a competitive application process for a small quota of advanced entry places. Offers are made on a rolling basis until all places are filled. Early application is advised. Please note: Applicants should also consider applying through the appropriate route for first year entry to the programme they are interested in. This application process is only for advanced entry.

Advanced entry path to Year 3 only.

Course Structure

Year 1

• Year 1 Core Modules
  • INTRA
  • Stochastic Modelling
  • Partial Differential Equations
  • Financial Mathematics
  • Financial and Actuarial Models

Year 2

• Year 2 Core Modules
  • Probability and Finance II (Intermediate)
  • Fixed Income Securities (Intermediate)
  • Stochastic Finance (Intermediate)
  • Financial Economics I
  • Optimisation
  • Probability and Finance I (Intermediate)
  • Simulation for Finance
• Year 2 Optional Modules
  • Financial Economics II
  • Time Series (Intermediate)
  • Deep Learning
  • Uaneen Non-Contributing Module

Fees and Funding

Fees

• Full time
  • Student Contribution: €3,043 per annum
  • EU Status Fee: €6,250 per annum
  • Non EU Fee: €15,400 per annum

How To Apply

Advanced Entry

Applications are made via the CAO Advanced Entry route which will open on the 6th November to 1st July.

Application Queries

Please see Application Procedures or E-mail .

Make an Application

There is no direct entry to the programme via CAO. All entries to this programme are via DC127

Life On Campus

Life on Campus

At DCU, our students can expect a unique campus experience. We are known for our excellent teaching and learning facilities, our active clubs and societies, and our great social and sporting facilities. All this makes DCU an exciting place to be.

DCU has three academic campuses; Glasnevin, St. Patrick’s and All Hallows (both in Drumcondra), all close to Dublin City centre.

They can be reached by public transport, Dublin Bus and Bus Éireann, with our Drumcondra campuses a ten minute walk from Drumcondra Train Station. Glasnevin is a 20 minute walk from St Patrick’s and All Hallows. They are also linked by Dublin Bus.

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.

Exceptional Facilities

DCU’s 19,000 students have access to exceptional teaching and learning facilities across our three academic campuses.

These include modern learning theatres, research centres, a new media and TV studio, radio/podcast studios, computer suites and advanced labs in the areas of Languages, Engineering, Physics, Chemistry and Biotechnology, as well as a Sports Performance centre and a training hospital ward. In 2021, we opened our first virtual reality ‘Leadership Lab’, which is located in our Business School.

We continue to improve and update our facilities. For example, construction of a new world-class STEM facility is underway on the Glasnevin campus. With capacity for an extra 3,000 STEM students, this facility will advance DCU’s international reputation for excellence in science and health, computing and engineering disciplines.

Campus Life

Studying in DCU isn’t just about course work. The university is rich in student life and activities.

There are more than 140 clubs and societies for students in DCU, with ‘Clubs & Socs’ days taking place on both the Glasnevin and Drumcondra campuses at the start of the academic year. They span everything from rugby to rock climbing, anime to jazz.

For many students, sport is an important part of the DCU experience. DCU’s Sports Complex boasts a 25 metre swimming pool, fitness centre gym, all-weather pitches and squash courts, as well as soccer, GAA and rugby pitches. DCU Dóchas Éireann, the university’s GAA club, is the largest third level Gaelic Games club in the country. Meanwhile, DCU Athletics has been Ireland’s highest achieving university club for many years. And DCU has dozens of other clubs to get involved in, from Archery to Weightlifting.

The Glasnevin campus is home to our purpose built, state-of-the-art student centre, The U, which serves the needs of a rapidly growing student body. Here, you will find the Student Leadership and Lifeskills Centre, performing arts and cultural spaces for students and the wider community, and the Entrepreneurship and Innovation Hub. Also located on our Glasnevin campus is The Helix, our renowned performing arts centre.

On our St Patrick’s campus, we have the Java Student Hub, a vibrant, warm and welcoming space where students can meet for coffee, play music, use the projector to watch events, or just relax. The walls of the Java Hub were designed based on the cultural history of St Patrick’s Campus, including the special references to the notable sporting history and history of the arts.

Accommodation

Information about accommodation each of our three campuses can be accessed here.

Student Supports

We have a number of academic, professional and social supports for students.

• Student Advice & Learning Skills Centre - Offers a wide range of supports and services to students and advice
• The Writing Centre - drop-in writing workshops for students through the academic year
• Maths Learning Centre - provides maths support for students of all ability levels with maths modules
• Student Learning - facilitate the transition from passive to active learning for students at DCU, by teaching study skills, nurturing critical thinking and building student confidence.

work with students to help them on their professional journey into graduate employment.

Our student support team offers a comprehensive support programme, helping students make that all important transition into university life and focusing on building confidence and skills which are key to success at third level.

FAQs

Faculty FAQs

• Is DCU all one campus? DCU is a multi campus university - the Glasnevin, St Patrick's and All Hallows campuses. The St Patrick's campus is where the Education courses are taught and some of the subjects from the BA Joint Honours degree. There is a 20-25 minute walk between the campuses but there are buses and bikes available to go between them also.
• 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.

Program Outline

Financial Mathematics Program at Dublin City University: Comprehensive Extraction

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Degree Overview:

DCU's Financial Mathematics program prepares students for careers in quantitative finance, leveraging their proficiency in mathematics to navigate the increasingly complex world of financial products. The program delves deep into the mathematical underpinnings of financial instruments, empowering graduates to work with flexibility and skill with cutting-edge financial products. Students gain invaluable expertise in key areas: probability and stochastic processes, financial economics, stock and fixed income products, time series analysis, machine learning, and computer-based financial simulation.

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Outline:

The program unfolds over two years, with a robust curriculum designed to equip students with the theoretical and practical knowledge necessary for success in quantitative finance.

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Year 1:

• Core Modules:
• INTRA (Internship)
• Stochastic Modelling
• Partial Differential Equations
• Financial Mathematics
• Financial and Actuarial Models
• Optional Modules:
• None

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Year 2:

• Core Modules:
• Probability and Finance II (Intermediate)
• Fixed Income Securities (Intermediate)
• Stochastic Finance (Intermediate)
• Financial Economics I
• Optimisation
• Probability and Finance I (Intermediate)
• Simulation for Finance
• Optional Modules:
• Financial Economics II
• Time Series (Intermediate)
• Deep Learning

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Assessment:

Students are assessed through a combination of methods, including:

• Examinations
• Continuous assessment
• Projects
• Presentations
The specific weighting of each assessment method varies depending on the module.

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Teaching:

The program boasts a team of experienced and internationally recognized researchers and practitioners who are passionate about teaching and committed to providing students with a stimulating and supportive learning environment. Teaching methods include:

• Lectures
• Tutorials
• Seminars
• Workshops
• Online resources
DCU utilizes a student-centered approach, encouraging active participation and fostering a deep understanding of the subject matter.

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Careers:

Financial Mathematics graduates are highly sought after by employers in the finance industry, with potential career paths in areas such as:

• Financial Trading
• Investment Analysis
• Risk Management
• Insurance
• Actuarial Profession
• Quantitative Research
• Hedge Funds
• Financial Technology
The program equips graduates with the skills and knowledge necessary to thrive in these dynamic and challenging fields.

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Other:

• The program emphasizes the development of transferable skills like critical thinking, problem-solving, and communication.
• Students have access to state-of-the-art facilities, including computer labs, libraries, and research centers.
• DCU's strong industry connections provide students with opportunities for internships and networking.
• The program offers a unique blend of academic rigor and practical experience, preparing graduates for successful careers in quantitative finance.

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Please note:

This extraction is based on the information provided in the context. If additional information becomes available, the extraction can be updated accordingly.

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Tuition Fees and Payment Information:

Full time Student Contribution. €3,043 per annum EU Status Fee €6,250 per annum Non EU Fee. €15,000 per annum