Financial Mathematics and Actu - University Coll

Tuition Fee

Start Date

Medium of studying

On campus

Duration

48 months

Details

Program Details

Degree

Bachelors

Major

Actuarial Science | Mathematics | Statistics

Area of study

Mathematics and Statistics

Education type

On campus

Timing

Full time

Course Language

English

About Program

Program Overview

Financial Mathematics and Actuarial Science

Course Fact File

Code	CK407
Duration	4 Years
Teaching Mode	Full-time
Qualifications	BSc (Hons)
NFQ Level	Level 8

Course Outline

This degree course provides a solid education in the fundamentals of financial mathematics and actuarial science, as well as a strong grounding in the core disciplines of the Mathematical Sciences. The quantitative analytical skills developed in this course are used in a variety of settings, both commercial and non-commercial.

Modules

Year 1

AM1052 Introduction to Mechanics (5 credits)
AM1053 Introduction to Mathematical Modelling (5 credits)
AM1054 Mathematical Software (5 credits)
MA1057 Introduction to Abstract Algebra (5 credits)
MA1058 Introduction to Linear Algebra (5 credits)
MA1059 Calculus (5 credits)
MA1060 Introduction to Analysis (5 credits)
ST1051 Introduction to Probability and Statistics (5 credits)

Elective Modules (choose 20 credits)

AC1107 Investment in Capital Assets (5 credits)
AC1108 Introduction to Valuation and Risk (5 credits)
CM1006 Introduction to Chemistry for Physicists and Mathematicians (10 credits)
CS1061 Programming in C (5 credits)
CS1065 Computer Applications with Visual Basic (5 credits)
CS1069 Introduction to Internet Technologies (5 credits)
PA1003 Principles of Market Analysis (10 credits)
PY1052 Introductory Physics I (10 credits)
PY1053 Introductory Physics II (10 credits)
ST1050 Statistical Programming in R (5 credits)

Refer to Mathematical Sciences (CK407) for more details on your module options.

Years 2, 3, and 4

See the Academic Programme Catalogue (BSc Financial Mathematics and Actuarial Science) for the complete and up-to-date content including current core and elective module options for Years 2, 3, and 4. Note that the modules for all courses are subject to change from year to year.

Further optional courses offered by the Department of Accounting and Finance may also be taken. In Years 3 and 4, there are opportunities for concentration on either the more applied or the theoretical aspects.

Course Practicalities

Typically, there are 18 contact hours per week for a total of 24 weeks of instruction. The contact hours include about 12 lectures and six tutorials/practicals. Each contact hour gives rise to at least two hours of study, including homework.

Written exams take place before Christmas and in May. Not all modules will have formal examinations, and many modules use other types of assessment. See the Book of Modules for assessment information for each module.

The course provides full coverage of the core technical syllabus of the Institute and Faculty of Actuaries and has a set of associated Exemption Recognition Agreements in place, which enable graduates of this degree to pursue careers in the actuarial profession.

Why Choose This Course

The wide range of skills taught on this BSc Financial Maths & Actuarial Science course, and the supportive nature and industry knowledge the lecturers possess, enabled me to excel very quickly.

Niall O'Mahony, BSc Financial Maths & Actuarial Science

Graduates of this course will have a broad range of quantitative numerical and computational skills that are of use in many fields. Graduates who wish to pursue an actuarial career may qualify for exemptions from some of the professional actuarial examinations, depending on performance and choice of electives, and will have the necessary preparation to undertake the remaining examinations.

A number of degree courses in the UK and Ireland correspond to some or all of the core principle exams of the Institute and Faculty of Actuaries - the first stage of the professional education of an actuary.

The Institute and Faculty of Actuaries (IFoA) has approved programme-level exemption status for the Financial Mathematics and Actuarial science programme at UCC in respect of their first 6 Core Principles in the new 2019 IFoA curriculum (equivalent to 8 Core Technical subjects in the pre-2019 curriculum). Students may be recommended for all of these exemptions by performing sufficiently well in the corresponding examinations of the UCC programme. The IFoA exemptions covered are CM1, CM2, CB1, CB2, CS1 & CS2. UCC is one of the very few universities in Ireland which can offer students the potential to receive this level of exemption from the professional actuarial examinations.

Skills and Careers Information

Graduates in Financial Mathematics and Actuarial Science can look forward to careers offering intellectual challenge, professional status, job satisfaction, and high earnings.

Designing solutions to mathematical problems involving financial risk or future uncertainty places the graduate among the most highly valued professionals in the financial world.

The recent past has seen enormous growth in the financial services industry worldwide. This, together with the increasing sophistication of modern financial products, has led to increasing demand for graduates in Financial Mathematics and Actuarial Science.

"As an Actuarial Recruitment agency for actuaries in Ireland, Acumen Resources have been proudly providing advice to students on the BSc Financial Mathematics & Actuarial Science course. A key advantage of this course is that it is a broader course than just Actuarial Science. It has a large computer practical component and the feedback from delighted employers has been that their students are very technical and have excellent computer skills. The course also offers a consultancy-based module where students work on real data sets and problems, they carry out statistical analysis on these data sets and then present their findings to the real-world client. A valuable experience which adds tremendous value to any CV." - Paul Walsh FIA (CEO of Acumen Resources)

Requirements

Refer to Mathematical Sciences (CK407).

Fees and Costs

Whether you are an EU or Non-EU student will affect the course fees applicable to you. See more information on EU Fees, Non-EU Fees, or Free Fees Status.
The State will pay the tuition fees for EU students who are eligible under the Free Fees Scheme. The annual student contribution and capitation fees are payable by the student.
See the Fee Schedule to find out the course fee.
Check out scholarships that may be available to you.
Explore our Nurturing Bright Futures free online course (Module 5) to learn about managing your money as a student and budgeting for university life.

How To Apply