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Actuarial Science

The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies.

Download the course brochure (pdf)
-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.

Programme Outcomes:
-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

Related Programmes
MSc Actuarial Science FT

Entry requirements

- 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.

- 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.


1 year full-time

Number of credits


Careers or further progression

Careers & Employability
As a graduate of the Graduate Diploma Actuarial Science 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. Successful graduates can expect early responsibility in their chosen career and the opportunity to work in a variety of challenging roles. 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. The Actuarial Profession is a global profession with actuaries in demand in Europe, America, Asia and Australia.

Further enquiries

Tel Number: +353 (0)1 716 2452

Subjects taught

Students must complete a minimum of 60 ECTS credits of work over two semesters. Students select between 5 and 7 subjects from the list. Most subjects are made up of two or more modules and students must take all modules comprising their selected subjects. Depending on their subject choices students may have to take more than five subjects to ensure the minimum 60 ECTS credits requirement is met. Each Subject of the Graduate Diploma Actuarial Science corresponds to the equivalently named Core Technical or Core Applications Subject of the examinations of the Institute and Faculty of Actuaries (UK).

Stage 1 Option
Fundamentals of Actuarial and Financial Mathematics I

Fundamentals of Actuarial and Financial Mathematics II

Actuarial Statistics I

Actuarial Mathematics 1

Actuarial Mathematics 2

Survival Models

Ethics, Professionalism, Risk and Regulation

Actuarial Risk Management II

Actuarial Risk Management III

Actuarial Risk Management IV

Actuarial Reporting I

Actuarial Reporting II

Stat. Methods for Actuaries

Probability & Statistics

Stochastic Models

Financial & Actuarial Maths I

Financial & Actuarial Maths II


Professional Accreditation
The Graduate Diploma Actuarial Science offers potential exemptions from the Core Technical subjects 1 to 8 (CT1-8) of the examinations of the Institute & Faculty of Actuaries (UK). If you have prior actuarial exemptions you may choose to study all or part of the syllabus for examination Core Applications 1 (CA1) of the Institute and Faculty of Actuaries (UK).** The programme is therefore suitable for students with no prior exemptions and for students who wish to add to any exemptions they already have.

** No exemptions are offered from the examinations of the Institute and Faulty of Actuaries in respect of CA1.

Application date

App Deadline: Rolling

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

UCD's graduate taught courses can be applied for online. With some exceptions, courses open for application on 1 October each year and generally remain open to applications until all places are filled. Some courses have specific closing dates please check with your course co-ordinator for more details.

Course fee

GradDip Actuarial Science (F036) Full Time
EU fee per year - € 10400
nonEU fee per year - € 14600

***Fees are subject to change

Enrolment and start dates

Next Intake: 2019/2020 September

Remember to mention gradireland when contacting institutions!