MSc Actuarial Science

Graduate Taught (level 9 nfq, credits 90)

The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies. 
  • 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).
  • Paid research placements for some students with actuarial companies (subject to successful selection process)
 

Full Time option suitable for:

Domestic(EEA) applicants: Yes
International (Non EEA) applicants currently residing outside of the EEA Region. Yes

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).

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 UCD School of Mathematics and Statistics. The dissertation will allow you to develop an understanding of how the theory and principles covered in the Core Technical subjects are applied in practice. Some students will have an opportunity to avail of paid research placements with actuarial companies as a means of completing their thesis (interviews with the relevant companies will be required). The programme is 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 Michael Smurfit Graduate School of Business. You can learn more about the MSc Actuarial Science by watching Dr Adrian O'Hagan's Google Hangout on Air on UCD Graduate Courses in Actuarial Science. 

As a graduate of the MSc Actuarial Science you can look forward to a career ranging from the traditional areas of insurance and pension consultancy to the rapidly expanding areas of investment and risk management. Successful graduates can expect early responsibility in their chosen career and the opportunity to work in a variety of challenging roles. Often students who undertake summer research placement with an Actuarial company progress into full employment. Throughout your actuarial career you can rely on the support and guidance of the Actuarial Profession and upon qualification you can expect a rewarding career that will continue to offer opportunities for further development. The Actuarial Profession is a global profession with actuaries in demand in Europe, America, Asia and Australia.

MSc Actuarial Science (F034) Full Time
EU          fee per year - € 13030
nonEU    fee per year - € 22900

MSc Actuarial Science (F035) Part Time
EU          fee per year - € 6640
nonEU    fee per year - € 11450

***Fees are subject to change

Tuition fee information is available on the UCD Fees website. Please note that UCD offers a number of graduate scholarships for full-time, self-funding international students, holding an offer of a place on a UCD graduate degree programme. For further information please see International Scholarships.

Some students will have an opportunity of paid research placement during the summer term.

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. 



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

  • This programme is intended for applicants with degree in a quantitative area such as mathematics, statistics, computer science, engineering or economics and/or finance. An upper second class honours or international equivalent is required.
  • Applicants whose first language is not English must also demonstrate English language proficiency of IELTS 6.5 (no band less than 6.0 in each element), or equivalent.

Closing date for Non EU applications is the 30th of June 2016

Graduate Profile
Troy Tyson,
Trainee actuary in the Product Management department of New Ireland Assurance


This course gave me the opportunity to acquire exemptions from the professional examinations of the Institute and Faculty of Actuaries, which are mandatory to become a fully qualified actuary. The research placement portion of the year for me was extremely beneficial with regards to my career as an actuary. It gave me an insight into the typical day of an actuary working in the life insurance sector, and also allowed me to show my enthusiasm toward the profession and my willingness to work hard to achieve my goals. I would highly recommend the UCD MSc in Actuarial Science to those in search of a challenging yet rewarding year and looking for the perfect launching pad to their career as an actuary.

The following entry routes are available:

MSc Actuarial Science FT (F034)
Duration
1 Years
Attendance
Full Time
Deadline
Closed

* Courses will remain open until such time as all places have been filled, therefore early application is advised