Common Entry into Actuarial and Financial Mathematics
| Program start date | Application deadline |
| 2024-11-18 | - |
| 2024-11-19 | - |
Program Overview
The Common Entry into Actuarial and Financial Mathematics (CAFM) program provides a comprehensive foundation in mathematical principles for students interested in specializing in Actuarial Mathematics or Financial Mathematics. Combining theoretical knowledge with practical skills, the program prepares graduates for careers in the financial and insurance industries, including roles such as actuary, financial analyst, and data scientist. The program offers an internship, is recognized by professional bodies, and provides a supportive learning environment with opportunities for skill development and career advancement.
Program Outline
Program: Common Entry into Actuarial and Financial Mathematics (CAFM)
Degree Overview:
The CAFM program introduces students to the fundamental mathematical principles that underpin actuarial and financial models, preparing them to specialize in either Actuarial Mathematics (ACM) or Financial Mathematics (FIM) in later years. This program allows students to explore different areas of mathematics before choosing their specific specialization, ensuring a well-rounded foundation. The program combines a deep theoretical understanding with practical skills like computer programming, data analysis, economics, and accounting. Students develop strong analytical skills, allowing them to solve complex problems systematically and efficiently. After completing the two-year CAFM program, students choose to further specialize in either ACM or FIM through an additional two years of study. Notably, entry into FIM is guaranteed exclusively through CAFM, while entry into ACM remains competitive and offered based on performance in years 1 and 2.
Outline:
Year 1:
- Analysis
- Calculus
- Probability
- Computing for Mathematics
- Linear Mathematics
- Microeconomics
- Sequences and Series
- Macroeconomics
- Financial Modelling with Excel Year 2:
- Statistics
- Calculus
- Linear Algebra
- Numerical Methods
- Analysis
- Differential Equations
- Probability
- Mathematics of Finance
- Accounting
Assessment:
The program utilizes various assessment methods, including:
- Continuous assessment through coursework and assignments
- End-of-semester examinations
- Presentations
- Projects The specific weighting of each assessment method may vary depending on the individual module.
Teaching:
The CAFM program boasts a dedicated and experienced faculty with expertise in various mathematical and financial domains. The program utilizes a blend of teaching methods, including:
- Lectures
- Tutorials
- Seminars
- Workshops
- Laboratory sessions The program also emphasizes the importance of independent learning and provides students with access to extensive learning resources, including online materials and library support.
Careers:
Graduates of the CAFM program can pursue various careers in the financial and insurance industries, including:
- Actuary
- Financial Analyst
- Data Scientist
- Investment Banker
- Economist
- Statistician The program also provides a strong foundation for further postgraduate studies in mathematics, finance, or related fields.
Other:
- The program offers an eight-month paid internship in the third year, providing valuable real-world experience in relevant fields.
- The program is recognized by professional bodies such as the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries (SOA).
- Graduates of the program are highly sought after by leading employers, with strong employment rates and competitive salaries.
- The program provides opportunities for students to develop important transferable skills, such as critical thinking, problem-solving, communication, and teamwork.
- The program fosters a supportive and collaborative learning environment, encouraging students to connect with their peers and faculty.
- The program offers various student support services, including academic advising, career guidance, and mental health support.
Tuition Fees and Payment Information:
Full time Student Contribution. €3,043 per annum EU Status Fee €6,250 per annum Non EU Fee. €16,000 per annum
Dublin City University (DCU)
Overview:
Dublin City University (DCU) is a leading young university in Ireland, committed to transforming lives and societies through education, research, and innovation. It focuses on delivering real impact and addressing global challenges in collaboration with partners and stakeholders.
Services Offered:
DCU offers a wide range of services to its students, including:
Academic Support:
Student Advice and Learning Skills Centre (SAL) provides guidance on academic matters, learning skills, and international student support.Student Support & Development:
Counselling & Personal Development, Student Health Service, Financial Assistance Service, Chaplaincy, House of Accessibility, and Disability & Learning Support Service.Career Services:
Careers Service assists students with career planning, job searching, and internship opportunities.Student Life:
DCU Students Union provides a platform for student engagement through clubs, societies, and events.Accommodation:
DCU Accommodation offers on-campus housing options for students.Research:
DCU is renowned for its research activities, with dedicated offices and institutes focusing on various fields.Global Engagement:
DCU Global promotes international collaborations and opportunities for students and staff.Student Life and Campus Experience:
DCU offers a vibrant campus experience with a diverse student body representing 135 nationalities. Students can participate in various clubs and societies, engage in social events, and enjoy the facilities of the campus, including The Helix, a performing arts venue.
Key Reasons to Study There:
High Graduate Employment Rate:
DCU is ranked #1 in Ireland for Graduate Employment Rate and #23 globally.World-Class Research:
DCU is recognized for its cutting-edge research, contributing to positive societal transformation.INTRA Work Placement:
80% of DCU courses offer INTRA, providing paid, relevant work experience or work placement opportunities.Diverse and Inclusive Campus:
DCU fosters a welcoming and inclusive environment for students from all backgrounds.Strong Academic Programs:
DCU offers a wide range of undergraduate and postgraduate programs across various faculties.Academic Programs:
DCU has six faculties:
- DCU Business School
- DCU Institute of Education
- Faculty of Engineering & Computing
- Faculty of Humanities & Social Sciences
- Faculty of Science & Health
- DCU Connected
Each faculty offers a variety of undergraduate and postgraduate programs, with strengths in areas like business, education, engineering, humanities, social sciences, science, and health.
Other:
DCU has three academic campuses:
- St. Patrick's Campus
- Glasnevin Campus
- All Hallows Campus
The university also has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact.
Entry Requirements
EU Applicants:
- Leaving Cert:
- Minimum of H3 in Mathematics
- FET Level 5:
- Please visit the DCU Admissions webpage for details on course requirements or how to apply.
- Visit the QQI FET webpage for details on DCU courses, open days, campus tours, or school visits.
- Mature Applicants:
- Apply through the CAO by 1st February.
Non-EU Applicants:
- GCE A Level:
- B Mathematics
- International School Leaving Examinations:
- Educational qualifications equivalent to those outlined above.
- Evidence of English language competency as per DCU entry requirements.
- Applications:
- Apply directly online here.
- Provide academic transcripts for each year of study with English translation.
- Provide evidence of English language proficiency if applicable (see DCU website for requirements).
- Applications accepted on an ongoing basis up to 1st July.
All Applicants:
However, non-native English speakers must demonstrate competency in English to be considered. Please refer to the DCU website for details.
Additional Notes
- Entry into the third year of the BSc in Actuarial Mathematics is limited and based on performance in Years One and Two of the Common Entry program. It is recommended to refer to the official DCU website and admissions information for the most accurate and up-to-date details.
