BSc (Hons) Financial Mathematics and Actuarial Science

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 4 Years
Mode On Campus
Level Undergraduate
Degree Bachelors Degree
Next Intake TBA

Course Overview

The BSc (Hons) Financial Mathematics and Actuarial Science at University College Cork provides you with a robust foundation in quantitative analysis and mathematical modelling, essential for understanding and managing financial risk. This undergraduate degree is designed for students with a strong aptitude for mathematics who are interested in applying these skills to the complex challenges within the financial and insurance sectors. You will explore core disciplines of mathematical sciences alongside specialised actuarial techniques, preparing you for a dynamic career where analytical prowess is highly valued.

This full-time, on-campus programme is studied over four years, integrating theoretical knowledge with practical application. You will engage with modules covering financial modelling, probability, statistics, and computational finance, alongside opportunities for elective study in areas like investment analysis or statistical methods for insurance. The curriculum is designed to align with the professional syllabus of the Institute and Faculty of Actuaries (IFoA), potentially granting you exemptions from key examinations. You will graduate with highly transferable quantitative, analytical, and problem-solving skills, ready for careers in actuarial science, finance, risk management, and beyond.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This program provides a comprehensive education in financial mathematics and actuarial science, building a strong foundation in mathematical and statistical principles. Students will explore topics ranging from calculus and linear algebra to probability, statistics, and various aspects of financial modelling. The curriculum progresses through core mathematical analysis, discrete and continuous time financial models, and advanced statistical techniques, culminating in specialized areas like stochastic analysis and computational finance, alongside a significant project.

1 Year 1

Introduction to Mechanics
Introduction to Mathematical Modelling
Mathematical Software
Introduction to Abstract Algebra
Introduction to Linear Algebra
Calculus
Introduction to Analysis
Introduction to Probability and Statistics

2 Year 2

Fourier Methods
Mathematical Analysis I
Ordinary Differential Equations
Linear Algebra
Multivariable Calculus
Discrete Time Financial Models
Introduction to Financial Mathematics
Financial Modelling for Actuarial Science 1
Introduction to Regression Analysis
Probability and Mathematical Statistics

3 Year 3

Object Oriented Programming with Applications
Mathematical Analysis II
Derivatives, Securities and Option Pricing
Financial Modelling for Actuarial Science 2
Stochastic Modelling I
Generalised Linear Models
Statistical Theory of Estimation
Statistical Theory of Hypothesis Testing

4 Year 4

Measure Theory and Martingales
Continuous Time Financial Models
Computational Finance
Stochastic Analysis
Computational Finance II
Time Series
Mathematical Sciences Project
Statistical Consulting

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

7% off
First Year Fee Tuition fee
USD 29,412.00 USD 31,761.00
Second Year Fee Tuition fee
USD 31,761.00
Third Year Fee Tuition fee
USD 31,761.00
Fourth Year Fee Tuition fee
USD 31,761.00
Total Program Cost Estimated total tuition
USD 124,698.00 USD 127,047.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 777.00 - USD 1,595.00
Food & Groceries USD 2,807.00 - USD 4,491.00
Transport USD 702.00 - USD 1,684.00
Utilities & Bills USD 1,404.00 - USD 2,105.00
Estimated Total USD 4,913.00 - USD 8,280.00

Living cost estimates are based on Cork Campus.

Outcomes & Employability

What happens after you graduate

93%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Cloud Computing & InfrastructureCustoms, Trade & ComplianceEarly Childhood & Primary EducationEconomic Research & PolicyEducational Support ServicesHardware & Semiconductor EngineeringHigher Education & UniversitiesPrivate Equity & Venture CapitalTransport Engineering & InfrastructureUrban Mobility & Smart Transport

Top Employers Hiring for this course

AIB

Amazon

Aviva

Bank of Ireland

Deloitte

Department of Education and Youth

EY

Willis Towers Watson pl(WTW)

Why Study BSc (Hons) Financial Mathematics and Actuarial Science at University College Cork

What makes this program stand out

Moderate Application response time

University College Cork typically responds to applications within 1 - 2 weeks, giving you clarity on your options quickly.

Life at University College Cork in Ireland

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about BSc (Hons) Financial Mathematics and Actuarial Science at University College Cork

Can I work while studying?

International students can work up to 20 hours per week during term time and 40 hours during breaks. No separate work permit is required while studying full-time in this program.

Is this qualification recognised internationally?

Yes. This course is accredited by Institute and Faculty of Actuaries.

What English language score do I need for this course?

You need to meet specific English language requirements for admission, such as an overall score of 120 in Duolingo or 6.5 in IELTS. Check the detailed scores required for other tests like TOEFL and PTE as well.

What jobs can I get after studying this course?

Potential job titles include Actuary, Data Analyst, Risk Manager, Financial Analyst, and Consultant.

What will I actually study in this course?

The BSc (Hons) Financial Mathematics and Actuarial Science course offers 18 contact hours per week, combining lectures and tutorials. It covers the core technical syllabus of the Institute and Faculty of Actuaries, facilitating a path towards actuarial careers.

When can I start — what are the intake months?

The course intake month is September every year. Make sure to prepare your application materials well in advance.
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