UG Prospectus 2025

44 BSc inActuarial Mathematics Managing financial risk – turn risk management into a career WhyDCU? − Fully accredited by the Institute and Faculty of Actuaries (IFoA) UK − Paidwork placement (INTRA) provides practical actuarial experience and enables you to make informed career decisions − Specialise in the latest applications of mathematics to finance − Industry-sponsored prize awarded each year to the graduatewith the best academic performance − BSc in Actuarial Mathematicsmay offer exemptions from the Core Principles examinations of the Institute and Faculty of Actuaries, (IFoA) UK – CS1, CS2, CM1, CM2, CB1 andCB2 About You Do you excel inmathematics and problem solving? Do youwant to apply your talents to a career in the actuarial profession or in finance, then come and join the course. Additional Requirements In addition to the general entry requirements for admission to theUniversity (see page 174), the following entry requirement applies: minimumof H3 inMathematics. Understanding: Actuarial Mathematics How longwill people live and howmuch should they insure their lives for? Canwe understand and predict themovement of stock prices?What is the rate of return on capital on an investment venture, and should that project be funded? These are some of the questions we will help you to answer at DCU. The BSc in Actuarial Mathematics prepares you to pursue a career as an actuary or, more generally, for a career in finance. Actuaries are involved in quantifying andmanaging risk, andwork in areas as diverse as banking, insurance and healthcare. Asmarkets become increasingly complex, there is a growing need for professionals who combine mathematical and financial expertise. Course Structure In Years 1 and 2 of your course, youwill cover the fundamental mathematical principles that underpin the financial models studied in later years. You also study practical and finance-related subjects such as computer programming, economics and accounting. In Years 3 and 4 you apply sophisticatedmathematical techniques to real-world problems in insurance, finance and banking. Additional Information The BSc in Actuarial Mathematics is fully accredited by the Institute and Faculty of Actuaries (IFoA). These are the initial examinations required in order to qualify as an actuary in Ireland and theUK. Exemptions depend on examination performance during the degree, and achieving all 6 exemptions can significantly reduce the time taken to qualify as an actuary. Graduates of this course arewell placed to undertake further studies and research in actuarial science, mathematics, financial mathematics, economics and finance. The course provides a strong foundation for thosewhowish to pursue a postgraduate qualification in teaching, and covers over 90%of themathematics required for TeachingCouncil of Ireland recognition (see page 188 for further details). INTRAWork Placement In Year 3, youwill have the opportunity to undertake paidwork placement (INTRA) in the actuarial or financial industry giving you a unique opportunity to enhance your CV, increase your employability, and apply your knowledge and skills in the real world. The placements are, typically, with major insurance companies, actuarial consultancies, investment banks or trading houses, where youwill gain practical skills and experience in a commercial environment. Our experience has been that students who have been on INTRA have a significant competitive edgewhen seeking employment after graduation. For more information, please visit dcu.ie/intra.