BSc Hons Financial Mathematics and Actuarial Science

at University College Cork

Modules
 

Year 1
 

Core

• 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)
   

Electives
 

• AC1107 Investment in Capital Assets (5 credits)

• AC1108 Introduction to Valuation and Risk (5 credits)

• BL1005 Introduction to Ecology (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)

• EC1213 & EC1214 Principles of Economic Analysis I & II (5 credits each)

• PA1003 Principles of Market Analysis (10 credits)

• GL1001 Introduction to Geology (5 credits)

• PY1052 & PY1053 Introductory Physics I & II (10 credits each)

• PY1054 Special Topics in Physics (5 credits)

• ST1050 Statistical Programming in R (5 credits)
   

• Year 2

Fourier Methods; Mathematical Analysis; Ordinary Differential Equations; Linear Algebra; Multivariable Calculus; Discrete Time Financial Models; Financial Mathematics; Financial Modelling for Actuarial Science; Regression Analysis; Probability & Mathematical Statistics
 

• Year 3

Core: C/C++ Programming with Applications; Mathematical Analysis; Derivatives, Securities & Option Pricing; Financial Modelling for Actuarial Science; Stochastic Modelling; Generalised Linear Models; Statistical Theory of Estimation; Statistical Theory of Hypothesis Testing
 

Electives: International Fiannce; Mathematical Modelling; Computer Modelling & Numerical Techniques; Vector & Tensor Methods; Partial Differential Equations with Applications; Computational Techniques; Complex Analysis; Metric Spaces & Topology; Principles of Market Analysis; Survival Analysis; Stochastic & Survival Models for Actuarial Science; Methods of Reporting in Actuarial Science
 

Note: Choice of Electives in Year 3 will have a direct bearing on the number of recommendations for exemptions from professional actuarial examinations for which a FMAS graduate may be eligible
 

• Year 4

Core: Measure Theory & Martingales; Continuous Time Financial Models; Computational Finance; Stochastic Modelling; Statistical Methods in Insurance; Time Series
 

Electives: Securities Analysis;  Empirical & Behavioural Finance;  Corporate Financing; International Finance; Vector & Tensor Methods; Nonlinear Dynamics & Control; Partial Differentiaal Equations with Applications; Computational Techniques; Topics in Applied Mathematics; Applied Stochastic Differential Equations; Perturbation & Asymptotic Methods; Complex Analysis; Metric Spaces & Topology; Functional Analysis; Project; Topics in Modern Algebra; Topics in Differential Geometry; Survival Analysis; Stochastic & Survival Models for Actuarial Science; Financial Mathematics Project; Methods of Reporting in Actuarial Science; Statistical Consulting; Statistical Methods in Insurance; Practical Implementation of Statistical Analysis Techniques; Contingencies; Computational Statistical Methods for Actuarial Science

Non-EU Candidates

Non-EU candidates are expected to have educational qualifications of a standard equivalent to the Irish Leaving Certificate. 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.
 

Minimum Requirements and Accepted English Language Tests & ExaminationsThe minimum English language entry requirements for admission onto a postgraduate programme at UCC are outlined below. These requirements are for postgraduate applicants whose first language is not English. If Gaeilge (Irish) is your first language these requirements do not apply to you.There are a small number of programmes with a higher minimum English language entry requirement and we list these below under Programmes with a Higher Minimum English Language Requirement.IELTS*  
 

• 6.5 Overall
• 6.0 Individual Skills (academic version)
   

TOEFL iBT  

• 90 Overall
• Listening 20
• Reading 19
• Speaking 21
• Writing 20

The fees for BSc Hons Financial Mathematics and Actuarial Science may vary from €20,000 to €35,000 anually for tuition fees. The fee's prices may get higher for international students.

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.