The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies.
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-Designed specifically for those seeking to enter the actuarial profession
-Students who perform well in the programme may obtain subject-by-subject exemptions from the Core Technical examinations of the Institute & Faculty of Actuaries (UK)
Who should apply?
The Graduate Diploma Actuarial Science is designed for students from quantitative disciplines who ultimately wish to train as an actuary upon completion of the programme. The Graduate Diploma can help fast-track your career as an actuary by supporting you through the initial examinations of the Institute and Faculty of Actuaries (UK).
Visions & Value Statements
This programme is aimed at students from numerate disciplines who ultimately wish to train as an actuary upon completion of the programme. Students will be supported through the initial examinations of the Institute and Faculty of Actuaries (UK), thereby placing the graduates on a fast track to a career as a qualified actuary. Our students will be in demand by employers in the pensions and insurance industries, but also in financial services more generally. They will be well positioned to transition to careers in data analytics, financial engineering, stock and options trading and fund management if they so desire, such is the extent of the transferable skills conferred by their programme of study.
Our students will be able to use the tools they have learned to explain, describe and predict complex financial trends and manage risk accordingly. We aim to provide a teaching and learning environment that develops confidence and independence through a wide variety of interactive formats, both inside and outside the classroom, in industrial and academic settings. In addition to traditional terminal written examinations, the programme includes individual continuous assessment and group assignments involving oral and written presentation, improving the communication skills of students for their future careers. Several subjects will feature software-based analysis and develop computer-programming skills in languages such as R and Excel that will position students well in the new age of analytically driven decision making in insurance and finance.
In addition to the core actuarial subjects that predominantly make up the Grad Dip Actuarial Science programme of study, students will additionally have access to relevant subjects from the wider discipline of statistics and actuarial science where appropriate, broadening their education to meet the growing demands of big data that are set to shape the actuarial landscape in the years ahead. They will also be provided with CV preparation and interview skills workshops in cooperation with UCD Careers in preparation for transition to the professional workplace environment.
-Demonstrate in-depth knowledge of the key skills required by a trainee actuary, including data collection methods, statistical method development, analysis of statistical output
-Model real-world problems using the appropriate framework and on that basis, make forecasts and analyse risk
-Demonstrate strong proficiency in appropriate computational methods
-Use the language of logic to reason correctly and make deductions
-Approach problems in an analytical, precise and rigorous way
- Give oral presentations of technical material at a level appropriate for the audience
-Prepare written reports on technical subjects in statistics, actuarial science, and finance in clear and precise language