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DC126

Actuarial Mathematics

Course Details

CAO Code:
DC126
Course Type:
Undergraduate
NFQ Level:
8
Placement:
Yes
Delivery Modes
Full-Time
Minimum Points
589
Duration
Four Years
Phone:
+353 (0) 1
700 5291

Are you interested in how businesses make high-stakes decisions in uncertain environments? Actuaries are experts in risk, using mathematics and data to help organisations make smarter decisions.

Overview

Overview Icon

As an actuary, you’ll use your passion for problem-solving and your quantitative skills to help shape the future of business and finance. Your expertise will be in high demand, as you help organisations navigate complex challenges and create positive change in a rapidly evolving world.

From day one, you’ll build a strong foundation in mathematics, setting you up to master the actuarial knowledge and theories that follow. In your first two years, you’ll explore the core mathematical principles, while also developing skills in computer programming, economics and accounting. This broad base will empower you to tackle more advanced topics with confidence.

In your third and fourth years, you’ll put your knowledge into action, applying advanced mathematical techniques to real-world challenges in insurance, finance and banking. You’ll gain hands-on experience and develop the cutting-edge skills that employers are looking for, preparing you to thrive in the actuarial and financial industries. You’ll also have the opportunity to take on an eight-month paid INTRA placement in your third year, gaining invaluable experience in the actuarial or financial industry. Whether you join a leading insurance company, an actuarial consultancy or an investment bank, you’ll build your professional network and develop the confidence to launch your career. When you graduate, you’ll be ready to step into exciting roles as an actuary, financial services professional or data scientist.

The Actuarial Mathematics degree is designed to help you succeed from day one. If you perform well, you may also gain exemptions from key professional exams with the Institute and Faculty of Actuaries, helping you fast-track your path to becoming a qualified actuary in Ireland and the UK. With professional accreditation and strong industry links, this course gives you a clear pathway into one of the most in-demand and well-paid careers in finance.

DCU People

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Tomás Broe-Brady
Alumni

During his time studying at DCU for the BSc Actuarial Mathematics Tomás combined his love of maths with an active social life through the DCU Weightlifting Club.


Read more about Tomás Broe-Brady
Profile picture of Aisling Crean-Lynch
Aisling Crean Lynch
Alumni

DCU was the only college offering entry into Actuarial and Financial Mathematics when Aisling Crean-Lynch was unsure if “the BSc in Actuarial Mathematics would be a good fit for me.”


Read more about Aisling Crean Lynch
Profile picture of Ava McKee
Ava McKee
Alumni

DCU has been an absolutely fantastic aid to my learning. The course can be very challenging at times, no doubt about it. It can involve abstract thinking and concepts that are often brand new.


Read more about Ava McKee
Profile picture of Ryan Kwok
Kwok Chuen (Ryan) Wong
Staff

From a young age in Hong Kong, I loved mathematics and found satisfaction when I solved problems or finished mathematical exercises.


Read more about Kwok Chuen (Ryan) Wong

Careers & Further Options

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Careers

The BSc in Actuarial Mathematics provides an excellent start to a career as an actuary or in finance.  

Students who perform sufficiently well on the degree may be exempt from some or all of the Core Principles examinations (CS1, CS2, CM1, CM2, CB1, CB2) of the Institute and Faculty of Actuaries, UK and can, therefore, significantly reduce the time taken to qualify as an actuary.  

The Actuarial Profession is a global profession with opportunities internationally in America, Asia, India, Africa and Australia. 

Graduates are also well placed to undertake further studies and research in actuarial science, mathematics, financial mathematics, economics and finance. 

Graduates can look forward to a rewarding and varied career with opportunities in all areas of the actuarial profession as well as certain areas of business and finance.

Actuary
Actuarial Consultancy
Risk Management
Investments
Insurance
Pensions
Finance Analyst
Pricing Analyst

DCU graduates are highly sought after by employers. Our Graduates work in environments ranging from large multinationals to SMEs, family businesses and start-ups across every sector.

DCU Careers Service has a number of learning and development initiatives in place for our students, giving them the skills they need for a successful career path.

Go to our Careers site to find out more about career planning, our mentorship programme, skills development and online resources for students when working on CVs and making applications.

Entry Requirements

Entry Requirements Icon

In addition to the general entry requirements for admission to the university the following entry requirements apply

Minimum of H3 in Mathematics

In addition to the general entry requirements for admission to the university the following entry requirements apply

GCE A Level B Mathematics

No Entry Path

Mature entry is a competitive process. Applicants must demonstrate:

  • a genuine interest in the programme(s) they are applying for
  • academic experience and competency in their chosen field of study
  • an ability to engage and succeed on the programme

All applicants must complete a statement of interest to be considered for the mature application route.

For further guidance on the mature application process please see the CAO Website

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.

Additional Criteria 

Certified qualifications that cover all or most modules in Year 1 of our programme are essential for admission to the second year. Solid mathematical skills at university level must be demonstrated for consideration for advanced entry.

Accreditation

This programme is accredited by the Institute and Faculty of Actuaries (IFoA), UK, meaning you may be exempt from some of the IFoA subjects needed to qualify as an actuary in Ireland and the UK. Students who are admitted to via advanced entry may miss essential modules associated with exemption from IFoA subjects, causing their ineligibility to gain these exemptions.

International candidates are expected to have educational qualifications of a standard equivalent to those outlined above. In addition, where such candidates are non-native speakers of the English language they must satisfy the university of their competency in the English language. For further information on international applications click here.

Course Structure

Course Structure Icon
  • Mathematical Analysis
  • Probability
  • Computing for Mathematics
  • Linear Algebra
  • Microeconomics
  • Calculus
  • Macroeconomics
  • Statistics
  • Calculus
  • Linear Algebra
  • Numerical Methods
  • Analysis
  • Differential Equations
  • Probability
  • Accounting
  • Actuarial Modelling
  • Stochastic Modelling
  • Financial Mathematics
  • Accounting
  • Financial and Actuarial Models
  • INTRA
  • Life Contingencies
  • Financial Economics
  • Time Series
  • Simulation for Finance
  • Deep Learning
  • Probability and Finance
  • Stochastic Finance
  • Optimisation

Fees and Funding

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Fees

All programme fees are per annum and subject to an annual increase.

Student Contribution.
€2,543
EU Status Fee
€6,250
Non EU Fee.
€16,900

How To Apply

How To Apply Icon

Applicants presenting EU School Leaving/FETAC Level 5 examinations: Apply through the Central Applications Office (CAO) by 1st February or 1st May

To apply for this programme:

Candidates should apply directly here. Here's a quick step by step guide if you need help with your application.

Please provide 

  • Academic Transcripts for each and every year of study with English translation, if applicable.
  • If applicable, provide evidence of competence in the English language as per DCU entry requirements.

Applications are accepted on an ongoing basis up to 1st July. All Non-EU candidates are advised to apply early, as places are limited.

All mature applicants apply through the CAO by 1st February. For further information and for special application procedures for mature students, please click here

EU Applications are made via the CAO Advanced Entry route which opens from end of November until 1st July.

Candidates required to apply through the CAO can apply online at cao.ie
 

Life On Campus

Life on Campus
DCU Campus Glasnevin

DCU Glasnevin Campus

FAQs

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What is actuary? 
Actuaries work with other people using mathematics (and computing) to solve problems related to financial risk. Very often they work in insurance companies, working on such things as calculating insurance payments of different kinds, pensions and financial risk management - helping individuals and companies to plan for their financial future. They earn very good salaries (starting at c. €35K, with a significant jump when they complete their professional qualifications), and work in a stimulating and challenging environment that has lots of different career opportunities.