| Course Name |
Financial Mathematics & Economics |
| Course Provider |
NUI Galway |
| Course Code |
GY309 |
| Course Type |
Higher Education CAO |
| Qualifications |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
| Degree - Honours Bachelor (Level 8 NFQ)
More info...
|
Major |
National University of Ireland |
Level 8 NFQ |
|
| Apply To |
CAO |
| Attendance Options |
Full time, Daytime |
| Location (Districts) |
Galway City |
| Qualification Letters |
BSc (Hons) |
| Duration |
4 years |
| Leaving Certificate Entry Requirements |
Expand+Leaving Certificate Entry Requirements:
Minimum Grade H5 in two subjects and passes in four other subjects at O6/H7 level in the Leaving Certificate, including Irish, English, Mathematics, a third language or a laboratory science subject (i.e. Chem...
Hide-Leaving Certificate Entry Requirements:
Minimum Grade H5 in two subjects and passes in four other subjects at O6/H7 level in the Leaving Certificate, including Irish, English, Mathematics, a third language or a laboratory science subject (i.e. Chemistry, Physics, Biology, Physics with Chemistry (joint) or Agricultural Science) and any two other subjects recognised for entry purposes. A H5 or O1 in Mathematics is required.
Leaving Certificate Applicants
Matriculation
For holders of the Leaving Certificate, six subjects are required, with a minimum Grade H5 in two subjects, and at least Grade O6/H7 in four other subjects.
An applicant may combine the results of the Leaving Certificate examinations obtained in different years for matriculation purposes for all programmes with the exception of Medicine. This concession applies to matriculation only; it does not apply to the calculation of points for admission.
Acceptable Subjects
All subjects of the current Leaving Certificate examination are accepted for matriculation purposes, with the following exceptions:
Gaeilge – Bonnleibhéal (Irish, Foundation Level) will not be accepted for matriculation or points purposes.
Mathematics (Ordinary Alternative/Foundation Level) will be accepted for matriculation purposes, but not as a substitute for the subject Mathematics in programmes for which the subject Mathematics is currently an entry requirement. Neither will a score be awarded for a grade in this subject.
Home Economics (General), which has been discontinued from 2004, is not an acceptable matriculation subject for admission to NUI Galway. However, Leaving Certificate Home Economics – Scientific and Social is an acceptable matriculation subject for admission. The combining of the following subjects is not permitted:
• Physics with Chemistry (joint) may not be presented with either Physics or Chemistry
• Only two of History, Economic History and Economics may be presented
• Music and Musicianship may not be presented with Music
• Agricultural Economics may not be presented with Economics
• Classical Studies may not be presented with Latin or Greek
Laboratory science subjects:
The following subjects in the Irish Leaving Certificate are recognised laboratory science subjects:
• Agricultural Science
• Biology
• Chemistry
• Physics and Chemistry (joint)
• Physics
Bonus Points for Maths
A bonus of 25 points will be allocated to students who achieve grade H6 or above in Higher Level (HL) Mathematics. This means that the maximum cumulative Leaving Certificate points total will increase from 600 to 625 (existing maximum points plus bonus points).
The bonus points will only be relevant in cases where the subject HL Mathematics (including bonus points) is scored as one of the candidate’s six best subjects for points purposes. Consequently, if HL Mathematics (cumulative points score) is not among these six subjects, the bonus points will not be included in the total points score.
The maximum possible adjusted points score for applicants to Medicine will increase from 560 to 565. (For all scores over 550, each 5-point band equals one extra point.) The baseline score of 480 points will still apply but can include the bonus points if HL Mathematics (cumulative points) is among the best six subjects.
Engineering Maths Qualifying Examination
The Engineering Maths Qualifying Examination is for students who achieve sufficient CAO entry points and satisfy all other entry requirements but who do not achieve the requisite grade in Mathematics in the Leaving Certificate for admission to certain undergraduate engineering courses. For information on the examination and details on how to apply, please consult our website.
Find out more
www.nuigalway.ie/engineering-informatics/undergraduatestudents/ engineeringmathsqualifyingexamination/
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| Leaving Certificate Vocational Programme LCVP |
Points Awarded for LCVP Link Modules by NUI Galway
Distinction 66
Merit 46
Pass 28
Note: While Link Modules are acceptable for points scoring purposes, they may not be counted as one of the six subjects to satisfy minimum entry / matriculation requirements. Students will have the opportunity to use their points allocation for the Link Modules as one of their six subjects for the purposes of calculating points. |
| QQI FET Applicants General Information |
QQI/FETAC – Further Education and Training Awards Council
FETAC has recently introduced the CAS (Common Awards System). Please refer to the NUI Galway website for specific details on the range of QQI/FETAC awards which link into the University’s level 8 degree programmes.
Find out more www.nuigalway.ie/admissions/procedures/fetacapp.html |
| QQI FET Entry Requirements |
Web Page - Click Here |
| Mature Applicants |
Expand+Mature – Applying on the Grounds of Mature Years
If you are at least 23 years of age on or before 1 January 2018 and if your school leaving examination results do not meet normal matriculation and entry requirements, you may apply on the grounds of ...
Hide-Mature – Applying on the Grounds of Mature Years
If you are at least 23 years of age on or before 1 January 2018 and if your school leaving examination results do not meet normal matriculation and entry requirements, you may apply on the grounds of mature years. In general, applicants are selected on the basis of academic aptitude, which may include certain Leaving Certificate subjects, relevant work and life experience, and evidence of motivation and interest in the programme area. These areas should be addressed in the written application.
It is strongly advised that intending applicants consult the Mature Students’ Guide prior to making an application for information on the application process and assessment criteria. Full details are available from October 2017 in the Mature Students’ Guide, which can be found online or by emailing NUI Galway.
In addition, NUI Galway will host a Mature Students Public Information Evening on Wednesday January 17th 2018 from 5.30pm to 8.30pm in the Orbsen Foyer. This special information evening is designed for anyone aged 23 or over, who maybe considering studies at NUI Galway in 2018. To attend this evening please sign up now at: http://www.nuigalway.ie/mature/public-events/
All applicants intending to apply for Arts (including denominated programmes) in 2018 on the grounds of mature years will be required to take the Mature Students’ Admissions Pathway (MSAP) test as part of the selection process. There will be one sitting only of this test in 2018 and it will take place on Saturday 3 March 2018.
All applicants intending to apply for Medicine in 2018 on the grounds of mature years will be required to take the HPAT Test. Registration closes on Monday 20 January 2018 and the test date is Saturday 24 February 2018. Mature applicants must also have an Honours Science subject to Leaving Certificate standard prior to taking the HPAT test. Successful candidates will be invited to the MMI interview in May.
Application must be made by 1 February 2018 through the Central Applications Office. Please note that a late application cannot be made by those applying on grounds of mature years. The applicant must ensure that copies of all relevant information – for example, certificates, transcripts and a personal statement – are included with the CAO application.
Admission on the grounds of mature years is competitive. Applicants who are successful in gaining admission on the grounds of mature years are also assessed on the basis of their school leaving qualifications (if any) in competition with other applicants.
Find out more
Mature Students’ Guide
maturestudents@nuigalway.ie
www.nuigalway.ie/mature
MSAP test information
http://msap-ie.acer.edu.au/
CAO
www.cao.ie
HPAT test information
www.hpat-ireland.acer.edu.au/
Further advice and guidance
T +353 91 492 695
www.nuigalway.ie/mature
|
| Alternative Entry |
No matter who you are, or what course or programme you're interested in, we'll let you know exactly what you need to do to apply.
Go to: http://www.nuigalway.ie/courses/how-to-apply/ |
| Higher Education Access Route HEAR |
Web Page - Click Here |
| Disability Access Route to Education DARE |
Web Page - Click Here |
| Recognition of Prior Learning RPL |
Web Page - Click Here |
| Number of Places |
Average intake: 30 |
| Link to Course Fee |
Web Page - Click Here |
| CAO Application Dates and Fees |
Expand+Early online application (discounted): Fee €30 Closing Date: 20th January 2018 at 5:15pm
Normal online application: Fee €45 Closing Date: 1st February 2018 at 5:15pm
Late online application - restrictions apply: Fee: €60 Closing Date: 1st May 2...
Hide-Early online application (discounted): Fee €30 Closing Date: 20th January 2018 at 5:15pm
Normal online application: Fee €45 Closing Date: 1st February 2018 at 5:15pm
Late online application - restrictions apply: Fee: €60 Closing Date: 1st May 2018 at 5:15 pm
Change of Mind - restrictions apply: Fee: Nil Closing Date: 1st July 2018 5:15 pm
Exceptional online late application - see page 14 of the 2018 CAO Handbook: Fee €60 Closing Date: 22nd July 2018 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 2018 and will be accepted up to 5:15pm on 1st May 2018, subject to the restricitions listed on page 3 of the 2018 CAO Handbook. The online facility for late applications opens on the 5th March 2018 at 12:00 noon - a fee of €60 applies.
Exceptional Late Applications (Exception to the 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, University of Limerick, Maynooth University and Galway Mayo Institute of Technology 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 five HEIs, you should apply through CAO.
Refer to page 15 of the 2018 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 2018 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 2018 at 5:15pm and must have completed the HEAR/DARE application form by 1st March 2018 at 5:15pm – supporting documents must be sent to CAO offices before 1st April 2018 at 5:15pm.
|
| Course Content |
Expand+The Financial Mathematics and Economics degree equips you with expertise in a range of quantitative subjects. It has a particular focus on financial economics, actuarial mathematics, numerical analysis and statistics.
It is broader than either a ...
Hide-The Financial Mathematics and Economics degree equips you with expertise in a range of quantitative subjects. It has a particular focus on financial economics, actuarial mathematics, numerical analysis and statistics.
It is broader than either a purely actuarial science or finance degree, so it may suit if you are not yet ready to specialise. The degree should appeal to students who enjoy mathematics at school, but would like to apply maths to current issues in economics or financial services. It’s also attractive to you are interested in applying maths and stats to the uncertain world around us. The numbers enrolled are small (typically 20-30 per year), which promotes a good class dynamic and allows students to get to know their lecturers. Among the lecturers on the programme are Professor John McHale who chairs the IFAC, the independent body that advises the Irish government on its budgets and Professor Alan Ahearne (who is an adviser to the IMF and on the board of the Central Bank of Ireland).
The course is administered jointly by the College of Science and the College of Business, Public Policy and Law. The entry requirements of either college may be applied, according to whichever is more advantageous to the applicant.
International Links
Students have the opportunity to apply to spend one semester of third year in Asia (e.g. Hong Kong University of Science and Technology). In addition, students from this programme have been chosen in recent years participate as interns in New York under the Ireland-U.S. Council scholarship programme.
|
| Subjects Taught |
Expand+Year One
▶ Mathematics
▶ Computer Science
▶ Economics
▶ Mathematics of Finance
▶ Statistics and Probability
▶ Mathematical Methods I
▶ Financial Management
Year Two
▶ Differential Forms
`...
Hide-Year One
▶ Mathematics
▶ Computer Science
▶ Economics
▶ Mathematics of Finance
▶ Statistics and Probability
▶ Mathematical Methods I
▶ Financial Management
Year Two
▶ Differential Forms
▶ Intermediate Macroeconomics
▶ Probability
▶ Mathematical Methods I
▶ Intermediate Microeconomics
▶ Linear Algebra
▶ Introduction to Financial Economics
▶ Computer Science
▶ Discrete Mathematics
▶ Modelling, Analysis and Simulation
▶ Statistical Inference
▶ Complex Analysis
Year Three
▶ Applied Regression Models
▶ Groups
▶ Microeconomics and Public Policy
▶ Annuities and Life Insurance
▶ Money and Banking
▶ Metric Spaces
▶ Economics of Financial Markets
▶ Macroeconomics and Public Policy
▶ Actuarial Mathematics I
▶ Business Finance
▶ Mathematical Modelling
▶ Topology
Year Four
▶ Actuarial Mathematics II: Life Contingencies
▶ Numerical Analysis
▶ Measure Theory
▶ Final-year Project (over two semesters)
▶ Non-Linear Systems
▶ Economics of Financial Markets Seminar I:
Financial Modelling
▶ Economics of Financial Markets Seminar II:
Financial Derivatives
▶ Networks
▶ Stochastic Processes
▶ International Monetary Economics
▶ Differential Equations with Financial Derivatives
|
| Comment |
Key Fact
The Institute and Faculty of Actuaries has recognised this programme for the purposes of obtaining exemptions in these professional actuarial subjects: CT1 Financial Mathematics, CT3 Probability and Mathematical Statistics and CT7 Business Economics. |
| Careers or Further Progression |
Expand+Career prospects
The demand from employers for well-qualified students with knowledge of how financial markets operate and how to use quantitative techniques to make informed investment decisions is substantial. Therefore, this programme has a near...
Hide-Career prospects
The demand from employers for well-qualified students with knowledge of how financial markets operate and how to use quantitative techniques to make informed investment decisions is substantial. Therefore, this programme has a near 100% employment record across a diverse range of sectors. Graduates from this programme can work primarily in financial services (e.g. JP Morgan, Goldman Sachs, Davy, Credit Suisse, First Derivatives), as an actuary (e.g. Mercer, AON Hewitt), or as economists (e.g. Central Bank of Ireland, NTMA, ECB). However, because of their strong numeracy skills, graduates have also secured employment as sports odds compilers (e.g. PaddyPower) and as accountants (e.g. Deloitte).
Further study
Graduates can pursue postgraduate programmes in a range of disciplines, including mathematics, statistics, financial economics, financial mathematics, actuarial science, economics and statistics.
www.nuigalway.ie/courses/taught-postgraduate-courses/#ColSci
www.nuigalway.ie/courses/taught-postgraduate-courses/ international-finance.html
|
| Further Enquiries |
Dr Cian Twomey, Programme Director,
College of Science
t +353 91 493 121
e cian.twomey@nuigalway.ie
w www.nuigalway.ie/courses/ undergraduate-courses/ financial-mathematics-and- economics.html |
| International Students |
Web Page - Click Here |
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| Points History |
| Year |
Points |
|
| 2017 |
487 |
|
| 2016 |
485 |
|
| 2015 |
505 |
|
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