Actuarial Science

The MSc Actuarial Science is designed for students from quantitative disciplines who wish to train as an actuary upon completion of the programme. The MSc can help fast track your career as an actuary by supporting you through the initial examinations of the Institute and Faculty of Actuaries (IFoA), UK and is fully accredited by the IFoA, UK. The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies. You will also have the opportunity to undertake a dissertation in a topical area of actuarial science under the supervision of a member of the UCD School of Mathematics and Statistics. The programme is suitable for students with no prior exemptions and for students who wish to add to any exemptions they already have.

For further information about the programme, please email smspostgrads@ucd.ie

Designed specifically for those seeking to enter the actuarial profession.
Fully accredited by the Institute & Faculty of Actuaries (UK)
Students who perform well in the programme may obtain block exemptions from the Core Examinations of the Institute & Faculty of Actuaries (UK).
Paid research placements for some students with actuarial companies (subject to successful selection process)

The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies. You will also have the opportunity to undertake a dissertation in a topical area of actuarial science under the supervision of a member of the UCD School of Mathematics and Statistics. The dissertation will allow you to develop an understanding of how the theory and principles covered in the Core Subjects are applied in practice. Some students will have an opportunity to avail of paid research placements with actuarial companies as a means of completing their thesis (interviews with the relevant companies will be required). The programme is suitable for students with no prior exemptions and for students who wish to add to any exemptions they already have. In addition, you may also be able to take advanced courses in finance at the world class UCD Michael Smurfit Graduate School of Business.

Stage 1 Options

Fundamentals of Actuarial and Financial Mathematics IMATH20130
Fundamentals of Actuarial and Financial Mathematics IIMATH20210
Introduction to Bayesian AnalysisSTAT20180
Professional ethicsSTAT20190
Statistical Machine LearningSTAT30270
Actuarial Mathematics 1STAT40060
Actuarial Statistics IISTAT40070
Actuarial Mathematics 2STAT40100
Survival ModelsSTAT40250
Actuarial Reporting ISTAT40600
Actuarial Reporting IISTAT40610
Actuarial Dissertation ISTAT40630
Actuarial Dissertation IISTAT40650
Stochastic ModelsSTAT40680
Actuarial Dissertation IIISTAT40870
Financial & Actuarial Maths ISTAT40920
Financial & Actuarial Maths IISTAT40930
Actuarial Dissertation IVSTAT40940
Core Actuarial Principles 3STAT40980
Core Actuarial Principles 2STAT40990
Core Actuarial Principles 1STAT41000
Statistical Modelling for ActSTAT41050
Probability and StatisticsSTAT41060

This programme is intended for applicants with degree in a quantitative area such as mathematics, statistics, computer science, engineering or economics and/or finance. An upper second class honours or international equivalent is required. Degrees in Commerce or Accounting do not generally carry sufficient mathematics and statistics content to make students eligible for the MSc in Actuarial Science.

Applicants whose first language is not English must also demonstrate English language proficiency of IELTS 6.5 (no band less than 6.0 in each element), or equivalent.

These are the minimum entry requirements – additional criteria may be requested for some programmes.

MSc Actuarial Science FT (F034)
Duration 1 Years
Attend Full Time
Deadline Rolling*

* Courses will remain open until such time as all places have been filled, therefore early application is advised

90

1 year full-time.
MODE OF DELIVERY :Face-to-Face

MSc Actuarial Science (F034) Full Time
EU - fee per year: €12,955
Non EU - fee per year: €22,505

***Fees are subject to change.

NEXT INTAKE: 2024/2025 September.

Careers & Employability
As a graduate you can look forward to a career ranging from the traditional areas of insurance and pension consultancy to the rapidly expanding areas of investment and risk management. Throughout your actuarial career you can rely on the support and guidance of the actuarial profession, and upon qualification you can expect a rewarding career that will continue to offer opportunities for further development.