Course Description

Actuarial Science

This course is designed for graduates of quantitative disciplines who want to kick-start a career in actuary. 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 has approved subject-level exemption status for the MSc programme in Actuarial Science at UCC in respect of their first 8 Core Technical subjects. Students may be recommended for exemption from the Institutes own professional examinations in up to 7 of these Core Technical subjects by performing sufficiently well in the corresponding examinations of the MSc programme. 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.

CollegeUniversity College Cork (UCC)
Course LocationCork
Course CategoryScience, Science & Technology
Course QualificationMasters Degree
Awarding BodyNational University of Ireland
Course Duration1 year full-time or 2 years part-time.
Course Fee2017/2018 Irish/EU 8,000. The part-time course fee is half the full-time fee in the particular year of study
Entry Requirements2017 Entry Requirements: Minimum 2.2 honours primary degree in engineering, finance, physical or mathematical sciences, or equivalent, or a degree with a strong numerate content (as determined by the course committee).
Carear PathAn 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. Placement and Study Abroad Information Given the short duration of this course (one year full-time or two year part-time), work placement is not included. However, staff who teach on the course have well-established links with many employers and have actively assisted and advised undergraduate actuarial science students on securing jobs after graduation. Finance and actuarial companies as well as actuarial recruiters regularly visit UCC during term to assist students on securing jobs. Starting Salaries Starting salaries vary depending on results. Many of our undergraduate students in Financial Mathematic and Actuarial Science have started on salaries in the range of 35,000.
Course CodeCKR46
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