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.
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.
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 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
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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.
DCU students enjoy exceptional teaching and learning facilities across our 3 academic campuses. These include modern learning theatres, research centres, television and sound studios, classrooms, computer suites and advanced laboratories in the areas of languages, engineering, physics, chemistry and biotechnology, as well as a sports performance centre and a virtual hospital ward.
A Vibrant, Dynamic Social Environment
Student facilities include a superb sports complex with a 25 metre pool, two libraries and The Helix, our renowned performing arts centre. In 2016 we announced plans to invest over €230m in developing new, world-class facilities across our three academic campuses. Already building has begun on an exciting, new €14m Student Centre that will be home to the more than one hundred and twenty student clubs and societies. This commitment to student facilities means that our world-class learning experiences are complemented by a vibrant, dynamic social environment.
After finishing the Financial Mathematics degree I could not be more satisfied for countless reasons. Firstly, I spent a fantastic time at DCU, there are always fun activities going on during the week. Secondly, the course is structured to give you the opportunity to develop the skills which enable you find a good job very quickly. Thirdly, the academic staff are supportive, experienced and always help during the learning process.
Jwan Ali, BSc in Financial Mathematics
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.
There is no direct entry to the programme via CAO. All entries to this programme are via DC127