School of Mathematical Sciences

Financial Mathematics

Financial Mathematics
CAO Code:
Course Type:
Undergraduate
NFQ Level:
8 - Please see www.qqi.ie for further information
Delivery Modes
Full-Time
Minimum Points
N/A
Duration
Two Years
+353 (0) 1
700 8232
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The BSc in Financial Mathematics course prepares you for a career in the financial sector, reflecting the field's increasingly high level of sophistication in mathematical knowledge and computing skills. This programme will equip you with the knowledge and skills required to design, price, and hedge complex financial products (such as derivatives, options and swaps), to understand the movement of stock and bond prices, and to measure and manage financial risk.

The programme provides you with a firm foundation in mathematics, statistics, and computing for banking, finance, and insurance. It's also suitable for students who intend to pursue careers in business and research roles in industry and academia. It is an intellectually challenging programme both in depth and in breadth, which best suits students with an interest in problem solving, who are keen to apply in mathematics to real-world challenges.       

 

The analysis of financial phenomena relies on a firm mathematical foundation. You will especially need to understand how numerical systems can persistently undergo change and how to handle mathematically the randomness which is in-built in the financial system. In Years One and Two, you will study several branches of mathematics, especially probability, statistics, and advanced calculus. You will also develop your understanding of economics, accounting and computer programming, and be introduced to applications of mathematics in finance. 

In Year Three, you will start to study how random processes can develop over time, and apply these mathematical methods to examine how financial phenomena can evolve. You’ll also learn how to employ sophisticated statistical techniques that are used to investigate large quantities of financial data. Other modules you’ll study will introduce the valuation of financial products. You'll participate in an INTRA work placement in second semester.

In the second semester of your third year, you'll participate in INTRA, an internship scheme placing students in relevant commercial employment. This is an opportunity for you to gain experience in financial firms and build industry connections.      

In Year Four, you'll study high-level modern probability, and then apply it to design and price complex financial products such as derivatives and swaps, as well as developing cutting-edge and data-driven models of the stock market. Portfolio management and investor behavior are also investigated in order to quantify and manage risk. The mathematical techniques you will master will range from the highly theoretical to the highly practical. Some of these will require large scale computer simulations which are needed to reliably price the most exotic financial securities.  

Note: Students enter the BSc in Financial Mathematics through DC127 Common Entry into Actuarial and Financial Mathematics. The first two years of the Financial Mathematics programme are common to the BSc in Actuarial Mathematics programme, and students may be recommended for exemption from some of the professional actuarial examinations.

 

View the current course structure

For more information on every aspect of studying at DCU visit our CAO Hub where you can listen to taster lectures, hear from our student ambassadors and find answers to frequently asked questions.

We have a unique and vibrant culture on our modern campus close to Dublin city centre. We provide state-of-the-art study facilities for all our courses and everything else you need for a healthy, fun and active student life.

We have three academic campuses close to Dublin City centre - they are located in Glasnevin and Drumcondra, and can be reached by public transport (Dublin Bus).

Each campus has libraries, study spaces, restaurants, and on-campus residencies. Sports facilities are located on two of the academic campuses. We also have a dedicated sports campus in the form of St Claire’s. 

 

Exceptional facilities

DCU students have access to exceptional teaching and learning facilities across our three academic campuses. 

These include modern learning theatres, research centres, new media and TV studio, radio/podcast studios, classrooms, computer suites and advanced labs in the areas of languages, engineering, physics, chemistry and biotechnology, as well as a sports performance centre and training hospital ward. In 2021, we opened our first virtual reality ‘Leadership Lab’, which is located in our Business School.

Construction on our FutureTech building on the Glasnevin campus will get underway in 2022. Once completed, this facility will advance DCU’s international reputation for excellence in science and health, computing and engineering disciplines. It will have the capacity to accommodate an additional 3,000 STEM students on the university’s Glasnevin campus.

 

Campus life

DCU student facilities boast a fully equipped sports complex with a 25-metre pool, three libraries and The Helix, our renowned performing arts centre.

Our purpose built, state-of-the-art new student centre known as 'The U' serves the needs of a rapidly growing student body of 18,500. It is home to the Student Leadership and Lifeskills Centre, performing arts and cultural spaces for students and the wider community, and the Entrepreneurship and Innovation Hub.

DCU Students' Union and the Office of Student Life are also based in the U. The centre is a space for students where they can meet, with lots of charging points and isolation booths. Clubs and socs avail of meeting rooms here and it's also home to DCUFM. NuBar, Londis and the Venue are also located here.

There are more than 140 clubs and societies for students in DCU, with ‘Clubs & Socs’ days taking place on both the Glasnevin and Drumcondra campuses at the start of the academic year.

 

Student Supports

We have a number of academic, professional and social supports for students.

Student Advice Centre: Offers a wide range of supports and services to students and advice 

The Writing Centre - drop-in writing workshops for students through the academic year 

Maths Learning Centre - provides maths support for students of all ability levels with maths modules 

Student Learning: facilitate the transition from passive to active learning for students at DCU, by teaching study skills, nurturing critical thinking and building student confidence. 

Careers work with students to help them on their professional journey into graduate employment.

Our student support team offers a comprehensive support programme, helping students make that all important transition into university life and focusing on building confidence and skills which are key to success at third level.

 

Before joining Dublin City University, I had worked as a developer and business analyst in a consulting organisation in India for 12 years and my experience included working on projects in the banking and financial services domain.

When I moved to Dublin to join my husband, I got to know about the MSc in Financial Mathematics (DC704) at DCU. I found the combination of mathematics and finance in the curriculum interesting, and I believed that the program would widen my knowledge in the field of finance and introduce me to new areas of mathematics. The one-year duration of the program was very convenient for me and I decided that it was the opportune moment to pursue this master’s degree.

In this program, I enjoyed learning about how probability theory and stochastic calculus pave the way for numerous financial concepts, such as asset pricing and financial modelling. The practical modules introduced me to numerical methods and programming in MATLAB and R in the context of analysing financial data and pricing financial instruments. The lectures were engaging and the interactions with faculty members and classmates were enriching experiences. The many evenings I spent at the DCU library browsing through reference books and working on assignments were really enjoyable. 

Working on the master’s thesis in the final semester taught me how to approach a research problem and put into application what I had learnt during the previous two semesters. It also helped me understand the importance of academic writing for presenting the findings of my thesis.

The experience at DCU ushered me into a world new world of mathematics and finance and kindled my interest to pursue research in related fields. More importantly, this program gave me the confidence I needed and prepared me to follow my dream of a full-time research career. 

Sowmiya Doraiappan

Career Prospects
Financial Services
Banking
Investment Manager
Risk Management
Financial Trading
Hedge Fund Services
Fund Administration

 

As a graduate of the BSc in Financial Mathematics degree, you'll find professional opportunities in a range of areas in the expanding financial sector. Ireland is a major European and global hub for the financial services industry, and is the fourth largest exporter of financial services in the EU.

As well as the careers in finance, banking and insurance for which your degree is specifically designed, as a graduate of the BSc in Financial Mathematics you will also possess an excellent qualification should you wish to progress to further research, to teaching or to employment in business or industry.

Requirements

General Entry Requirements

There is  no direct entry to the programme via CAO. All entries to this programme are via DC127

Fees

Full time

Student Contribution
€3,043 per annum
EU Status Fee
€6,250 per annum
Non EU Fee
€15,000 per annum

Next Steps

Make an Application

There is  no direct entry to the programme via CAO. All entries to this programme are via DC127