Actuarial & Financial Studies (Hons), Bachelor

  • N/A
    Application Deadline
  • 48 months
    Duration
  • Tuition Fee
    17400 EUR/year
    Tuition fee
    5873 EUR/year
    Tuition fee
  • English (take IELTS)
    Language
University rank #201 (WUR) ,
The Actuarial & Financial Studies (Hons) degree from University College Dublin is for those who enjoy studying Higher Level Mathematics for the Leaving Certificate or at A-Level and strong analytical and problem-solving skills.

About

University College Dublin offers an Actuarial & Financial Studies (Hons) degree that 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.

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. For example, the actuary works out the risk (e.g. the likelihood of a fire happening) and calculates how much the customer should pay for insurance cover to ensure that the insurance company has sufficient funds to pay out if the incident occurs.

Career & Graduate Study Opportunities

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

  • Life insurance
  • Pensions
  • Health insurance
  • General insurance

Should you achieve a sufficiently high standard in the degree, you will gain some (or all) exemptions from the Core Technical series examinations (CT1:8) as well as the Core Applications CA1 examination of the Institute of Actuaries, or the Faculty of Actuaries. Some graduates also work in banking or finance as business or financial analysts. As a graduate of the BAFS degree, you are also eligible to pursue graduate study in statistics, computer science, economics, mathematics, management science, finance and other specialist business subjects.

Accreditation

Officially accredited and/or recognized by the Department of Education and Skills, Ireland, University College Dublin is a large (20,000-24,999 students) coeducational higher education institution.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 48 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

This is a sample pathway for a degree in Actuarial & Financial Studies. Subjects include accountancy, finance, mathematics, information management and statistics.

First Year

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

Second Year

  • Actuarial and Financial Studies
  • Elective modules

Third Year

  • Actuarial and Financial Studies includes a six month supervised professional placement in insurance and financial institutions in Ireland, the UK or the USA

Fourth Year

  • Actuarial and Financial Studies


English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score (Grade A):

    200

    The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.

    Note: degree programmes and applications may require a more specific minimum score for admission.

  • Minimum required score:

    600

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    90

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

Depending on your country of origin there are a number of ways that you can obtain a place on UCD undergraduate degree programmes.

When submitting an application to the CAO it must be accompanied by the following documentation (or followed by the documentation if applying on-line):

  • Certified true copy of official transcripts of academic results.
  • A certified English translation of qualifications not issued originally in English, in addition to the certified copies of the documents themselves.
  • In some cases, the final school report is also required.
Proof of proficiency in English language if not through school-leaving qualifications.

Tuition Fee

  • International

    17400 EUR/year
    Tuition Fee
    Based on the original amount of 17400 EUR per year and a duration of 48 months.
  • EU/EEA

    5873 EUR/year
    Tuition Fee
    Based on the original amount of 5873 EUR per year and a duration of 48 months.

Living costs for Dublin

1,100 - 1,800 EUR/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.