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Actuarial Science
University College Cork

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Name of the Masters programme

Actuarial Science


Institution

University College Cork


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Studying Actuarial Science at the University College Cork

This course is designed for graduates of quantitative disciplines who want to kick-start a career in Actuarial Science. It provides a solid foundation in statistics, financial mathematics, economics and business finance. Upon completion of the course, your knowledge and skills could be applied to a range of industries in the financial services such as insurance, pensions, healthcare, banking, investment and risk assessment.

You will be equipped with mathematical and statistical knowledge and problem-solving skills to help businesses and institutions evaluate the long-term financial implications of the decisions they make. You will also have the opportunity to undertake a minor dissertation involving the study of a number of problems specific to the insurance and financial sector.

The Institute and Faculty of Actuaries (IFoA) have approved programme-level exemption status for the MSc programme in Actuarial Science at UCC in respect of their first 6 Core Principles in the new 2019 IFoA curriculum (equivalent to 8 Core Technical subjects in the pre-2019 curriculum). Students may be recommended for exemption from the Institute’s own professional examinations in up to 5 of these Core Principle subjects (equivalent to 7 exams in the pre-2019 curriculum) by performing sufficiently well in the corresponding examinations of the MSc programme. The IFoA exemptions covered are CM1, CM2, CB1, CB2, CS1 & CS2. UCC is one of the very few universities in Ireland which can offer students the potential to receive this level of exemptions from the professional actuarial examinations.


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Actuarial Science: Course:

The teaching methods used will be a combination of lectures, tutorials, computer practicals and directed study. You can expect to have approximately 26 hours per week of lectures, tutorials and directed study in semesters 1 and 2 and about 10 hours per week of directed study in semester 3.

Assessment

All taught modules in this course are assessed via a combination of end-of-module examination and submission of a portfolio of research and directed study.

For actuarial exemption purposes, the appointed actuarial independent examiner will base their recommendations for an exemption in the corresponding Core Principle subject, on a student's performance in the final examination

For the research module (ST6009), you will study a number of problems, specific to the insurance and financial sector, and use the methodologies developed in the earlier modules to analyse such problems and produce oral and written reports on your work.

Who teaches this course

Our teaching staff include qualified actuaries, leading mathematicians, financial mathematicians and statisticians who are nationally and internationally recognised for their research. This expertise ensures that what we teach you is current and applicable to the real workplace and current economy. 


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Actuarial Science: Career:

An actuarial qualification gives an excellent grounding in subjects like economics, finance, mathematics, and statistics, as well as the more actuarial subjects. This makes actuarial graduates suitable for a range of careers, not just actuarial work.


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Actuarial Science: Requirements

  • Minimum Second Class Honours Grade II in a primary honours degree (NFQ, Level 8) degree in engineering, finance, physical or mathematical sciences, or equivalent, or a degree with a strong numerate content (as determined by the course committee)
  • You will have demonstrated by your performance in relevant modules that you have the numeracy skills required for this MSc degree course to the satisfaction of the course committee.
  • Graduates with a BSc in Financial Mathematics and Actuarial Science (FMAS graduates) and BSc Risk and Actuarial Studies (RAS graduates) are not eligible to apply for this course.
  • All candidates must ultimately be approved by the programme coordinator.
  • In the case of competition for places, a selection will be made on the basis of your primary degree results and interview performance (if required).


English Language Requirements

Applicants that are non-native speakers of the English language must meet the university approved English language requirements available here.

For applicants with qualifications completed outside of Ireland

Applicants must meet the required entry academic grade, equivalent to Irish requirements, please find our grades comparison by country here


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Overview of Masters programmes - University College Cork

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Institution

University College Cork


Location: Cork Western Road
T12 YN60 Cork
Irland
South-West Region
T   +353 21 4902876
E   graduatestudies@ucc.ie

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Facts about the Masters programme

Location

Cork

Field of study

Business & Economics

Degree

Master of Science

Language

English

Start

winter semester

Application deadline

ask the institution

Type of study

Full-time

Duration of study: 1 year

Tuition fees EU: 8130 EUR / year

Tuition fees Non EU: 18130 EUR / year

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Facts about the Masters programme

Location

Cork

Field of study

Business & Economics

Degree

Master of Science

Language

English

Start

winter semester

Application deadline

ask the institution

Type of study

Full-time

Duration of study: 1 year

Tuition fees EU: 8130 EUR / year

Tuition fees Non EU: 18130 EUR / year

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