Bachelor of Science in Financial Mathematics Featured Image

Universities Ireland University of Limerick Courses Bachelor of Science in Financial Mathematics

Bachelor of Science in Financial Mathematics

University of Limerick

Limerick, Ireland

Tuition Fee € 20,900
Country Rank#4
Duration48 Months
Score IELTS: 6.5 TOEFL: 90

Program Overview

The aims of the degree are to produce graduates with developed mathematical, statistical and computing skills, and the ability to apply them to the quantitative analysis of industrial, commercial or financial business decisions.

The programme also aims to produce graduates with sufficient mathematical, statistical and computing skills for them to undertake postgraduate work in these or related areas

These aims give rise to the following objectives:

To provide an education at a suitable level in the appropriate branches of mathematics, both by exploring and developing standard methods and techniques with due use of mathematical, symbolic and statistical computing packages and by having due regard to the fundamental ideas of proof, rigour and generalisation.
To introduce you to state of the art theory and methodologies in the world of pricing of financial products and modelling of markets and the practical implementations of these models.
To demonstrate the application of mathematics to problems drawn from industry, commerce and financial services.
To provide you, through Cooperative Education placement, with experience of working in a company or department where your own developing skills can be utilised.

Course Content
If you choose Financial Accounting in term 1, then you must proceed and take Accounting (for Financial Decision Making) in term 2. Similarly, if you take Microeconomics in term 1, you must take Macroeconomics in term 2.

Whatever the student's choice, there are no consequences for the rest of the programme, in higher years.

You will learn about trading, asset management and risk analysis of complicated financial products while at the same time developing solid mathematical skills. Typical modules include;
- Calculus
- Mathematical and Statistical Models of Investments
- Stochastic Differential Equations for Finance
- Numerical Computation
While this course is not an Actuarial Course, graduates can obtain the actuarial exemption CT3.

Year 1

Semester 1
- Computer Software 1
- Calculus 1
- Mathematics Laboratory
- Linear Algebra 1
Elective1*

Choose 1 of;
- Financial Accounting
- Microeconomics
Semester 2
- Computer Software 2
- Calculus 2
- Further Linear Algebra
- Introduction to Probability and Statistics
Elective2*

Choose 1 of;
- Accounting for Financial Decision Making
- Macroeconomics
Year 2

Semester 3
- Finance
- Probability Models
- Methods of Linear Analysis
- Ordinary Differential Equations
- Vector Analysis
Semester 4
- Intro to Numerical Analysis
- Applied Data Analysis
- Operations Research 1
- Partial Differential Equations
- Theoretical Mechanics
Year 3

Semester 5
- Complex Analysis
- Linear Algebra 2
- Statistical Inference
- Advanced Data Analysis
- Fundamentals of Financial Mathematics
Semester 6
- Cooperative Education
Year 4

Semester 7
- Project 1
- Stochastic Processes
Three modules from;
- Introduction to Fluid Mechanics
- Numerical Methods for Partial Differential Equations
- Discrete Mathematics 2
- Perturbation Techniques and Asymptotics
- Operations Research 2
- Geometry
Semester 8
- Project 2
- Stochastic Differential Equations for Finance
- Mathematical and Statistical Models of Investments
- Time Series Analysis
Two Modules from:
- Advanced Data Modelling
- Dynamical Systems
- Optimisation
- Mathematical Control Theory
- Mathematical Modelling (MA4617 prerequisite)
Entry Requirement
Minimum grades

Applicants are required to hold at the time of enrolment the established Leaving Certificate (or an approved equivalent) with a minimum of six subjects which must include: Two H5 (Higher Level) grades and Four O6 (Ordinary Level) grades or four H7 (Higher Level) grades. Subjects must include Mathematics, Irish or another language, and English.

Subject requirements

In addition, applicants must hold a minimum grade H3 in Mathematics
Fees & Scholarships
The cost of studying at University of Limerick varies largely depending on the type of university and the degree chosen. More often than not, humanities, arts, and education courses are less expensive than degrees in medical, engineering, or management. Furthermore, students who choose to study at the postgraduate level typically pay higher tuition fees, which again vary depending on the programme chosen.

Most universities provide scholarships or financial aid to students in order to help them offset their tuition costs. Students should be aware that additional course fees and incidental expenses may not be included in tuition. On average, international students can expect to pay €20900 annually, to study in University of Limerick.
Career Prospect
There are many career opportunities in financial trading companies, teaching, investment companies, banks, government financial bodies, actuarial and insurance companies, energy and power companies, agribusinesses etc.

Job titles for graduates with this degree

Graduates progressing directly into employment take up a wide variety of roles. The following provides a sample of initial roles listed on the Graduate Outcomes Survey by graduates approximately one year after graduation:
- Claims Manager
- Credit Risk Technology
- Data Analyst
- Investment Data Analyst
- Operations Analyst
- Planning Resource Analyst
- Redress Assessor
- Researcher
- Technical Services Engineer
- Treasury Assistant

Cost Of Studying At University of Limerick

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

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