Bachelor of Science in Financial Mathematics From University of Limerick

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 Duration

48 Months

  Tuition Fee



IELTS: 6.5 TOEFL: 90


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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    


Choose 1 of;    


  • Financial Accounting    
  • Microeconomics    

Semester 2    

  • Computer Software 2    
  • Calculus 2    
  • Further Linear Algebra    
  • Introduction to Probability and Statistics    


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)     

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

Tuition Fees

These are based on ResidencyCitizenshipCourse requirements.

Review the three groups of criteria to determine your fee status as follows

  1. Residency
    • You must have been living in an EU/EEA member state or Switzerland for at least 3 of the 5 years before starting your course
  2. Citizenship
    • You must be a citizen of an EU/EEA member state or Switzerland or have official refugee status
  3. Course Requirements (all must be met)
    • You must be a first time full-time undergraduate (Exceptions are provided for students who hold a Level 6 or Level 7 qualification and are progressing to a Level 8 course in the same general area of study).
    • You must be undertaking a full-time undergraduate course of at least 2 year’s duration
    • You cannot be undertaking a repeat year of study at the same level unless evidence of exceptional circumstances eg serious illness is provided (in which case this condition may be waived)

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


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