Actuarial Mathematics

Program Overview

DCU's Actuarial Mathematics program prepares students for careers as actuaries, offering a thorough education in actuarial science and financial mathematics. Accredited by the Institute and Faculty of Actuaries (UK), the program includes an eight-month paid internship and equips graduates with the skills and knowledge necessary for success in the actuarial and financial industries.

Program Outline

Actuarial Mathematics at Dublin City University (DCU)

Degree Overview:

• Actuarial Mathematics at DCU offers a thorough education in the field, preparing students for a career as an actuary.
• The program is accredited by the Institute and Faculty of Actuaries (UK), providing potential exemptions from some of the required exams for actuarial qualifications in Ireland and the UK.
• Studies begin with a solid foundation in mathematics, encompassing fundamental principles that underpin later actuarial and financial models.
Additional subjects covered include computer programming, economics, and accounting.
• During the third and fourth years, students apply advanced mathematical techniques to real-world problems in insurance, finance, and banking, gaining expertise and state-of-the-art skills relevant to the industry.
• An eight-month paid internship in the actuarial or financial industry is included in the third year, providing practical experience at major insurance companies, actuarial consultancies, investment banks, or trading houses.
• Graduates are equipped for rewarding careers as actuaries in financial services or data scientists.

Other:

• 96% of recent graduates in the faculty are employed or in further education.
• DCU ranks No.
1 in Ireland for Graduate Employment Rate.
• 96% of recent graduates in the faculty are employed or in further education.

Outline:

Year 1:

• Mathematical Analysis
• Probability
• Computing for Mathematics
• Linear Mathematics
• Microeconomics
• Sequences and Series
• Calculus
• Macroeconomics
• Financial Modelling with Excel

Year 2:

• Statistics
• Calculus
• Linear Algebra
• Numerical Methods
• Analysis
• Differential Equations
• Probability
• Accounting

Year 3:

• Actuarial Modelling
• Stochastic Modelling
• Financial Mathematics
• Accounting
• Financial and Actuarial Models
• INTRA (eight-month paid internship)

Year 4:

• Life Contingencies
• Financial Economics
• Time Series
• Simulation for Finance
• Deep Learning
• Probability and Finance
• Stochastic Finance
• Optimisation

Assessment:

• Assessments vary depending on the module but may include:
• Examinations (closed and open book)
• Coursework (assignments, projects, research)
• Class participation
• Presentations

Teaching:

• Teaching methods include:
• Lectures
• Seminars
• Tutorials
• Workshops
• Guest lectures from industry professionals
• The program boasts a diverse team of experienced faculty with strong research records and industry connections.
• A personalized approach is employed, fostering learning and engagement.

Careers:

• Actuarial Mathematics alumni pursue various careers, including actuary, actuarial consultancy, risk management, investments, insurance, pensions, finance analyst, pricing analyst, and data scientist.
• The program equips graduates for success in these fields by:
• Providing a strong foundation in actuarial science and financial mathematics
• Developing problem-solving skills and analytical thinking
• Enhancing communication and presentation skills
• Offering opportunities to build professional networks and gain practical experience through internships.
• Promoting ethical and professional conduct through industry-recognized actuarial qualifications.
For the most up-to-date and accurate information, please refer to the official DCU Actuarial Mathematics program webpage.

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