BScActuarial Science and Risk Management
The BSc Actuarial Science and Risk Management programme has been designed by qualified actuaries to enable students to develop the theoretical and practical skills required to pursue a career as an actuary in the fields of pensions, insurance or in the wider financial industry. In addition, students may gain exemptions from the initial technical professional exams required to qualify as an actuary via our accreditation with the Institute and Faculty of Actuaries.
- Entry requirements
- AAA including Mathematics
- English language requirements
- An IELTS score of 6.5 with a minimum of 5.5 in each test component.
- Tuition fees
- £16,900 / ¥153,774
The duration of the BSc Actuarial Science and Risk Management degree is four years, with Year 3 spent in a salaried placement in an actuarial or risk management environment. In each of Years 1, 2 and 4, the following modules are studied:
- Actuarial Mathematics 1
- Financial Reporting and Analysis
- Introduction to Statistics and Operational Research
- Economy, Society and Public Policy 1
- Economy, Society and Public Policy 2
- Introduction to Statistics and Operational Research Methods
- Actuarial Mathematics 2
- Actuarial Methods in General Insurance
- Financial Risk Modelling
- Investment Analysis
- Excel and Visual Basics for Applications (VBA)
- Principles of Actuarial Modelling
- Placement Year*
- Actuarial Modelling
- Capital Markets
- Actuarial Econometrics and Data Science
- Financial Engineering
- Actuarial Applications
- Stochastic Processes for Finance
Students undertake a minimum of nine months in a salaried work placement. Placement allows students to develop highly valued practical skills. Recent placement providers have included Aviva, Irish Life, Kerr Henderson, Spence & Partners, SCOR, The Pension Protection Fund and Pramerica
- Finance with a Year in Industry
- 4 years (N300)
Subject to academic performance, students can gain various exemptions from the Institute and Faculty of Actuaries (IFoA) professional exams.
Students can apply for the popular City Scholarship Programme, which would allow them to spend a week working for a leading financial company in London at the end of their first year.
Students may wish to join the Student Managed Fund, a student-run organisation which aims to educate its members on trading and investing through guest speakers, competitions and educational seminars. It manages a £30,000 real money portfolio, giving students the opportunity to be part of an investment management process. The Finance & Actuary Society runs social and educational events for members, such as the end-of-year formal.
Students on the course will be given the opportunity to develop their modelling skills and will use software such as Model Risk and the Bloomberg terminals in the FinTrU Trading Room.
Prizes and Awards
A number of local employers and professional bodies sponsor prizes on an annual basis for best students in their level, module or category. These include Invesco, The Company of Actuaries Charitable Trust Fund, SCOR Global Life, Mercer, Pramerica, Spence & Partners, Acumen Resources, Xafinity Consulting, and Allianz Re Dublin.