| Course Name |
Actuarial Mathematics |
| Course Provider |
Dublin City University |
| Course Code |
DC126 |
| Course Type |
Higher Education CAO |
| Qualifications |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
| Degree - Honours Bachelor (Level 8 NFQ)
More info...
|
Major |
Dublin City University |
Level 8 NFQ |
|
| Apply To |
CAO |
| Attendance Options |
Full time, Daytime |
| Location (Districts) |
Dublin City Centre |
| Qualification Letters |
BSc (Hons) |
| Duration |
4 years |
| Leaving Certificate Entry Requirements |
Expand+Course Requirements
Subjects Required
Minimum of H3 in Mathematics
General Entry Requirements
A minimum of six Leaving Certificate subjects at Grade O6 or H7, with at least two at H5, which must include the subjects Mathematics AND either Engl...
Hide-Course Requirements
Subjects Required
Minimum of H3 in Mathematics
General Entry Requirements
A minimum of six Leaving Certificate subjects at Grade O6 or H7, with at least two at H5, which must include the subjects Mathematics AND either English or Irish.
Leaving Certificate Mathematics Requirements
DCU does not award points for the subject of Mathematics at Leaving Certificate Ordinary Alternative or Foundation Level.
This subject will be accepted for admission purposes for the following courses:
BA in Applied Language and Translation Studies
BA in Contemporary Culture and Society
BSc in Education and Training
BA in Journalism
BA in International Relations
BA in Communication Studies
BA Gaeilge agus Iriseoireacht (Irish and Journalism)
Bachelor of Civil Law (Law and Society)
BSc in Multimedia
Bachelor of Arts (Joint Honours)
Bachelor of Early Childhood Education
Leaving Certificate Subject Combinations
Certain subjects will not be scored separately if they occur in combination with subjects that are similar in content. In each case, the highest individual grade will be scored.
The following six groups of subjects are affected by this:
1 Music and Musicianship, Music A, Music B
2 Economics, Agricultural Economics
3 Physics with Chemistry if combined with Physics and Chemistry, only two best scored if combined with Physics or Chemistry, only best scored
4 History, Economics and Economic History if all three are taken, only the best two will be scored
5 Latin, Classical Studies
6 Greek, Classical Studies
Bonus Points for Honours Mathematics
25 bonus points will continue to be awarded in 2017 for higher level mathematics, at grades H6 and above in the Irish Leaving Certificate or equivalent.
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| Leaving Certificate Vocational Programme LCVP |
Revised points for LVCP Link Modules, to be introduced in 2017
LCVP Link Modules Grade Current Points Revised Points
Distinction 70 66
Merit 50 46
Pass 30 28
Please note that LCVP link modules cannot be used as a subject for general or specific course entry requirements, but can be used for the calculation of points. |
| QQI FET Applicants General Information |
No Entry Path |
| QQI FET Entry Requirements |
Web Page - Click Here |
| Alternative Entry |
Expand+There are many different ways to enter DCU. While candidates are primarily assessed on the basis of their second level examinations, other assessments are in place for mature students, students from socio-economic disadvantaged backgrounds, students ...
Hide-There are many different ways to enter DCU. While candidates are primarily assessed on the basis of their second level examinations, other assessments are in place for mature students, students from socio-economic disadvantaged backgrounds, students with disabilities/specific learning difficulties and transfer students. The university is committed to welcoming students from countries worldwide. For Undergraduate Admissions - General Information please go to: http://www.dcu.ie/registry/undergrad.shtml
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| Higher Education Access Route HEAR |
Web Page - Click Here |
| Disability Access Route to Education DARE |
Web Page - Click Here |
| Link to Course Fee |
Web Page - Click Here |
| CAO Application Dates and Fees |
Expand+Early online application (discounted): Fee 25 Closing Date: 20th January 2017 at 5:15pm
Normal online application: Fee 40 Closing Date: 1st February 2017 at 5:15pm
Late online application - restrictions apply: Fee: 50 Closing Date: 1st May 2...
Hide-Early online application (discounted): Fee 25 Closing Date: 20th January 2017 at 5:15pm
Normal online application: Fee 40 Closing Date: 1st February 2017 at 5:15pm
Late online application - restrictions apply: Fee: 50 Closing Date: 1st May 2017 at 5:15 pm
Change of Mind: Fee: Nil Closing Date: 1st July 2017 5:15 pm
Exceptional online late application - see page 14 of the 2017 CAO Handbook: Fee 50 Closing Date: 22nd July 2017 at 5:15pm
You should avoid submitting an application close to a closing date. No extensions to closing dates will be allowed and all fees are non-refundable.
LATE APPLICATIONS
Late Applications are those which are received after 5:15pm on 1st February 2017 and will be accepted up to 5:15pm on 1st May 2017, subject to the restricitions listed on page 3 of the 2017 CAO Handbook.
Late Applications (Exception to Timetable)
The exceptional closing date of 22nd of July at 5:15pm applies only to applicants who are currently undergraduate students in any year in any one of the participating HEIs (subject to the exclusions listed below). In order to avail of the Exceptional Late Application facility you must have entered the HEI through the CAO system.
If you did not enter your current course through the CAO system, you must first contact the Admissions Office of the HEI to which you wish to apply and they will inform you if you may submit an application direct to the institution.
Exclusions:
You may submit a late application only for entry to courses other than your existing course. If you wish to repeat the year in the same course you must arrange this within your HEI.
Mary Immaculate College Limerick, Trinity College Dublin and the University of Limerick have special procedures in place in the case of current or previous students who wish to apply for entry to another course in the same HEI. Such applicants must contact their Admissions Office to determine the application procedure. However, if you are a student in another HEI and you wish to apply to any of these three HEIs, you should apply through CAO.
Refer to page 15 of the 2017 CAO Handbook on how to make an Exceptional Late Application.
Restricted-category Applicants
Mature applicants most HEIs will require mature applicants, who wish to be assessed on mature grounds, to have applied to CAO by 1st February 2017 at 5:15pm. (This restriction does not apply if the applicant wishes to be considered on the basis of school leaving qualifications only.) For more information about applying to CAO on the basis of mature years go to www.cao.ie/mature.
Applying for the HEAR and/or DARE schemes to be considered for the HEAR and/or DARE schemes applicants must have registered on the CAO system by 1st February 2017 at 5:15pm and must have completed the HEAR/DARE application form by 1st March 2017 at 5:15pm supporting documents must be sent to CAO offices before 1st April 2017 at 5:15pm.
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| Course Content |
Expand+Why DCU?
The B.Sc. in Actuarial Mathematics is fully accredited by the Institute and Faculty of Actuaries.
Students on this course can gain exemptions from all eight of the Core Technical examinations of the Institute and Faculty of Actuari...
Hide-Why DCU?
The B.Sc. in Actuarial Mathematics is fully accredited by the Institute and Faculty of Actuaries.
Students on this course can gain exemptions from all eight of the Core Technical examinations of the Institute and Faculty of Actuaries.
Qualified actuaries teach on the course, ensuring students receive practical and academic knowledge about the actuarial profession.
DCU specialises in applications of mathematics to finance, offering an M.Sc. in Financial and Industrial Mathematics.
Research in financial mathematics ensures students are kept abreast of recent developments.
The Society of Actuaries in Ireland awards a prize each year to the graduate with the best academic performance.
Students have the opportunity to gain relevant, paid work experience through the INTRA programme.
Understanding Actuarial Mathematics
How long will people live and for how much should their lives be insured? Can you advise someone what pension product they should buy? Can we understand and predict the movement 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.
Actuarial Mathematics involves applying the science of chance probability to complicated problems encountered everyday in insurance and high finance. This degree prepares you to work in either the actuarial profession or in finance in general.
The actuarial profession helps people to manage their exposure to risk and its impact on their life, property, health or future.
In finance, the explosion in innovative financial products such as derivatives and swaps has led to sophisticated mathematical techniques which determine their price. These products are of great importance in modern risk management.
About You
If you excel in mathematics and problem solving, and want to apply your talent to a career in the actuarial profession or in finance, then come and join the course!
Course Structure
The first two years of the course cover fundamental mathematical principles and techniques. You will need these to understand the financial models studied later on. Practical and finance-related subjects such as economics, accounting and computer programming are also studied. In Years Three and Four, the course focuses on applying sophisticated mathematics using probability and statistics to real-world problems in insurance, finance and banking.
In year Three, youll spend eight months on a paid work placement (INTRA), where youll have the chance to work for a major insurance company, an investment bank or an IFSC company. INTRA gives you a great opportunity to gain practical skills and experience in a commercial environment, while also serving as an excellent way to build business contacts and inform your choice of career.
To recognise academic and professional excellence, the Society of Actuaries in Ireland awards a yearly monetary prize to the best fourth-year student. Finally, the intake of students is limited, ensuring that you receive greater individual attention.
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| Subjects Taught |
Expand+YEAR ONE
Mathematical Concepts and Skills
Probability
Computing for Mathematics
Linear Mathematics
Microeconomics
Sequences and Series
Calculus
Macroeconomics
YEAR TWO
Statistics
Calculus
Linear Algebra
Numerical Methods
Analysis
D...
Hide-YEAR ONE
Mathematical Concepts and Skills
Probability
Computing for Mathematics
Linear Mathematics
Microeconomics
Sequences and Series
Calculus
Macroeconomics
YEAR TWO
Statistics
Calculus
Linear Algebra
Numerical Methods
Analysis
Differential Equations
Probability
Mathematics of Finance
Accounting
YEAR THREE
Stochastic and Actuarial Modelling
Financial Mathematics
Accounting
INTRA
Work Based Skills
YEAR FOUR
Life Contingencies
Risk Theory
Financial Economics
Time Series
YEAR FOUR OPTIONS
Optimisation
Coding and Cryptography
Financial Engineering
Probability and Finance
Simulation for Finance
Stochastic Finance
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| Comment |
Additional Information
By doing well in a number of your modules in DCU, you may also be exempt from sitting certain professional examinations. Graduates of this course are well placed to undertake a postgraduate qualification in teaching, and have completed over 90% of the mathematics required for Teaching Council recognition (see page 235 of the UG College Prospectus 2017 for further details). |
| Careers or Further Progression |
Future Careers
Actuary Consultancy
Statistical Analysis
Research Data Analytics
Teaching
In these areas
Financial Services
General and Health Insurance
Pensions |
| Further Enquiries |
Dr. Mary Hall
School of Mathematical Sciences
T +353 (0) 1 700 7012
E mary.hall@dcu.ie |
| Course Web Page |
Web Page - Click Here |
| International Students |
Web Page - Click Here |