Program Overview

Bachelor of Science in Financial Mathematics

Key Information

• NFQ Level: 8 major Award Honours Bachelor Degree
• CAO Points History: 457
• Course Code: LM058
• Duration: 4 Years
• Fees: See what fees may apply to students
• Subject Area: Business, Science
• Course Director: Dr Eberhard Mayerhofer

About the Course

Financial Mathematics is a great choice for someone who likes maths and wants to work in the business, financial or banking sectors. The aims of the degree are to produce graduates with developed mathematical, statistical and computing skills, and the ability to apply them to the quantitative analysis of industrial, commercial or financial business decisions.

What You Will Study

You will learn about trading, asset management and risk analysis of complicated financial products while at the same time developing solid mathematical skills. Typical modules include:

• Calculus
• Mathematical and Statistical Models of Investments
• Stochastic Differential Equations for Finance
• Numerical Computation

Module Electives

Electives give you the opportunity to choose modules that you want to study. Each Semester you will be given a choice of a number of modules and you will be asked to select a certain amount to study.

Entry Requirements

• CAO Points History: 457
• Minimum Grades: Applicants are required to hold at the time of enrolment the established Leaving Certificate (or an approved equivalent) with a minimum of six subjects which must include: Two H5 (Higher Level) grades and Four O6 (Ordinary Level) grades or four H7 (Higher Level) grades. Subjects must include Mathematics, Irish or another language, and English.
• Subject Requirements: In addition, applicants must hold a minimum grade H3 in Mathematics

How to Apply

• Irish students must apply to UL via the CAO.
• Students who have completed their A-Levels can apply to UL via the CAO.
• EU students can apply to UL via the CAO.
• Non-EU students can apply for this degree here.

Fees and Funding

Student course fees are broken into three components - Student contribution, Student Levy and Tuition Fees.

Employability Skills

• Numeracy and the ability to research, interpret and use business and financial data
• Advanced numeracy and analysing large quantities of data
• Logical thinking
• Teamwork and the ability to work independently
• Finding patterns and drawing conclusions
• Approaching problems in an analytical and rigorous way
• Formulating theories and applying them to solve problems
• Dealing with abstract concepts
• Presenting mathematical arguments and conclusions with accuracy and clarity

Further Study Options

• Masters in Finance
• MSc in Financial Services
• MSc in Mathematical Modelling

Job Titles for Graduates

Graduates progressing directly into employment take up a wide variety of roles, including:

• Claims Manager
• Credit Risk Technology
• Data Analyst
• Investment Data Analyst
• Operations Analyst
• Planning Resource Analyst
• Redress Assessor
• Researcher
• Technical Services Engineer
• Treasury Assistant

Student Profiles

• Saoirse O'Neill: My name is Saoirse O'Neill, and I graduated from UL in 2022, having studied Financial Mathematics.
• Paul Mullane: As a secondary school student, I loved maths. It was my favourite subject and something I wanted to learn more about.
• Cathal Kennedy: Growing up I always had a soft spot for Mathematics. This grew in secondary school and in particular my interest spiked in Finance.