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MATHEMATICAL & PHYSI CAL SCIENCES Actuarial & Financial Studies BAFS (Hons) (NFQ Level 8)
learn how actuaries understand the nature of risk and find ways to manage it.
CAO Code DN230
Entry Requirements Irish1, English, Mathematics2, Three other recognised subjects.
Leaving Certificate Passes in six subjects including those shown above, of which two must be minimum HC3.
Average CAO Points 2010 570 Minimum CAO Points 2010 545
A-Level/GCSE Passes (GCSE Grade C or above) in six recognised subjects including those above, of which two must be minimum Grade C or above at A-Level.
Guideline Equivalent Average A-Level Grades A*A*AA or equivalent combination
Guideline Equivalent Minimum A-Level Grades A*A*A*C or equivalent combination
Average Intake 40 Length of Programme 4 Years
Progression Entry Routes FETAC Entry Route — None
IT Transfer Route — None 1 A-Level candidates are usually exempt from the Irish Language Requirement.
2 Minimum Grade HB1 in Leaving Certificate or equivalent.
Other programmes of interest
Commerce Economics & Finance
68 72
Mathematical Science 133 Further information
Professor Brendan Murphy UCD School of Mathematical Sciences James Joyce Library, L534 Belfield, Dublin 4
develop the analytical skills and business knowledge necessary to design and manage programmes that control risk for the insurance and pension sectors.
Why is this course for me? If you enjoy studying Higher Level Mathematics for the Leaving Certificate or at A-Level and you have strong analytical and problem-solving skills, the UCD BAFS (Hons) degree could be for you. It 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 programmes in actuarial science. It takes a combination of strong analytical
skills, business knowledge and understand- ing 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.
What will I study? Tis is a sample pathway for a degree in Actuarial and Financial Studies. Subjects include account- ancy, finance, mathematics, information man- agement 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
Career & Graduate Study Opportunities Most BAFS graduates take positions as actuarial trainees in the following: A Life insurance
A Pensions
www.ucd.ie/myucd/actuarialandfinancialstudies brendan.murphy@
ucd.ie
+353 1 716 7379
A Health insurance A General insurance
Should you achieve a sufficiently high standard in the degree, you will gain some (or all) exemp- tions from the Core Technical series examina- tions (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 finan- cial analysts. As a graduate of the BAFS degree programme, you are also eligible to pursue graduate study in Statistics, Computer Science, Economics, Mathematics, Management Science, Finance and other specialist business subjects.
Gillian
O’Connor GRADUATE
I graduated with a BAFS in 1999 and qualified as an actuary in 2003. Currently I work as a Product Development Actuary at New Ireland/Bank of Ireland Life, one of the leading life and pensions providers in Ireland. My role involves designing and
pricing new products for the company across the full product range of life assurance, pensions and investments. My years at UCD gave me a strong background in both the technical actuarial framework and the more general business appli- cations of economic and financial concepts that are essential to my current role. Gillian O’Connor, Product Development Actuary
facebook.com/UCDScience
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