Course Finder / Taught Programmes / MSc Actuarial Science
MSc Actuarial Science
Duration: 12 Months
Schedule: Full Time
Starting: September
Contact Name: Shelly Power
Contact Number: +353 (0)1 716 2580
Fees: Fee Information
Features
  • Demanding programme for those with strong quantitative backgrounds.
  • Designed specifically for those seeking to enter the actuarial profession.
  • Fully accredited by the Institute & Faculty of Actuaries (UK).
  • Students who perform well in the programme may obtain block exemptions from the Core Technical examinations of the Institute & Faculty of Actuaries (UK).
  • Overview
  • Features
  • Curriculum
  • Careers
  • Admissions

Who is the MSc Actuarial Science for?


The MSc Actuarial Science (MSc Act. Sci.) is designed for students from quantitative disciplines who ultimately wish to train as an actuary upon completion of the programme. The MSc can help fast-track your career as an actuary by supporting you through the initial examinations of the Institute and Faculty of Actuaries (UK).


What will I learn?



You will develop an understanding of the theory and principles underlying actuarial science. The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies. You will also have the opportunity to undertake a dissertation in a topical area of actuarial science under the supervision of a member of the School of Mathematical Sciences.


How will I benefit?


The MSc 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. In addition you may also be able to take advanced courses in finance at the world class UCD Smurfit School of Business to broaden your understanding of finance beyond the traditional actuarial roles. The dissertation will allow you to develop an understanding of how the theory and principles covered in the CT subjects are applied in practice.

 


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

 


What is the programme about?


The MSc Actuarial Science is a one year full-time programme from September to the following August. Semesters 1 and 2, from September to May, cover the Core Technical subjects 1 to 8 (CT 1-8) and subject Core Applications 1 (CA1) of the examinations of the Institute and Faculty of Actuaries (UK). Depending on your background and subject to the approval of the programme director, you may select between five and eight subjects to study. The Core Technical subjects are as follows:

 

  • Financial Mathematics (CT1)
  • Finance & Financial Reporting (CT2)
  • Probability and Mathematical Statistics (CT3)
  • Models (CT4)
  • Contingencies (CT5)
  • Statistical Methods (CT6)
  • Business Economics (CT7)
  • Financial Economics (CT8)


In semester 3 you will undertake independent research in an area of actuarial science under the supervision of a member of the School of Mathematical Sciences with the aim of submitting a thesis on your research findings at the end of the semester. Depending on your subject choices in semesters 1 and 2 you may also undertake advanced modules in finance at the UCD Smurfit School of Business – the modules offered will vary from year to year but possible topics may include regulation, corporate governance, ethics in finance, asset valuation, and financial management.

 

 

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