Actuarial & Financial Studies

Course Information

BAFS (Hons) (NFQ Level 8)

Full Time - Undergraduate Studies

CAO Code: DN230
CAO Points Range 2020: 601-625
Length of Course: 4 Years
Average Intake: 50

Leaving Certificate:
  • H2 in Mathematics
  • O6/H7 in English, Irish and three other recognised subjects
Click below for equivalent entry requirements information for:

Why is this course for me?

If you enjoy studying Higher Level Mathematics for the Leaving Certificate or at A-Level and you have strong analytical and problem-solving skills, Actuarial & Financial Studies could be for you. An actuary is a professional who uses numbers to make judgements about the future. This course will prepare you for a professional career in the actuarial or financial professions, but it has also been designed to be broader and more diverse than most traditional courses in actuarial science.

A good actuary requires a multi-disciplined education in fields such as mathematics, economics, finance, statistics, risk management, psychology and professionalism and ethics. It takes a combination of strong analytical skills, business knowledge and understanding of human behaviour to design and manage programmes that control risk and guarantee sufficient funds for the insurance and pension sectors. Actuaries have traditionally worked mostly in the life assurance and pensions industries but are increasingly moving into wider fields, where they can employ their multi-disciplined approach.

The course also opens up options to work in finance, investment and trading.

Career & Graduate Study Opportunities

Most BAFS graduates take positions as actuarial trainees in the following:

  • Life insurance
  • Pensions
  • Health insurance
  • General insurance
  • Investment

The Actuarial & Financial Studies degree at UCD offers potential exemptions from the core subjects CS1, CS2, CM1, CM2, CB1, CB2 and CP1 of the professional examinations of the Institute and Faculty of Actuaries, UK.

Some graduates also work in banking or finance as business or financial analysts. As an Actuarial & Financial Studies graduate, you are also eligible to pursue graduate study in statistics, computer science, economics, mathematics, management science, finance and other specialist business subjects.

What Will I Study

This is a sample pathway for a degree in Actuarial & Financial Studies. The course is broad and highly multi-disciplined.

First Year

  • Mathematics
  • Economics
  • Statistics
  • Accounting
  • Computer Science
  • Elective module

Second Year

  • Finance
  • Statistics
  • Actuarial Mathematics
  • Economic History
  • Elective modules

Third Year

  • Investment & Trading
  • Actuarial Statistics
  • Information Management
  • Workplace Skills
  • Six-month professional placement in an insurance and financial institution in Ireland, (or in some cases in the UK or USA).

Fourth Year

  • Financial & Actuarial Maths
  • Actuarial Statistics
  • Actuarial Risk Management
  • Ethics & Professionalism
  • Elective module

Assessment for each module will vary and may comprise a written exam, multiple- choice questionnaires and continuous assessment activities.

For detailed information on subject content click here.

Testimonial

“I chose this course because I have always enjoyed mathematics and problem solving. Applying these skills in the financial world seemed like the most interesting and rewarding opportunity. My favourite aspect of the course is how diverse it is, encompassing areas such mathematics, finance and programming. In Second Year, I had the opportunity to speak at the Society of Actuaries annual convention. We were the first ever university students to speak at the event, which was a wonderful opportunity to gain an insight into the profession. I am currently completing my six-month work placement with an actuarial consultancy firm. I am really enjoying getting to work on a wide variety of projects for different clients while also learning more about the actuarial industry.”

Rebecca O’ Mahoney, Student

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