What will I learn?

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)

Careers & Employability

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.

Programme Outcomes

  • Demonstrate in-depth knowledge of the key skills required by a trainee actuary, including data collection methods, statistical method development, analysis of statistical output.
  • Model real-world problems in using the appropriate framework and on that basis, make forecasts and analyse risk
  • Demonstrate strong proficiency in appropriate computational methods
  • Use the language of logic to reason correctly and make deductions
  • Approach problems in an analytical, precise and rigorous way
  • Give oral presentations of technical material at a level appropriate for the audience
  • Prepare written reports on technical subjects in statistics, actuarial science, and finance in clear and precise language

Professional Accreditation

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.

Which department am I in?

UCD College of Science

Study options

Full Time (1 Year)

Tuition fees
€21,800.00 (US$ 24,329) per year

*Price shown is for indicative purposes, please check with institution

Start date

Expected September 2020

Venue

UCD College of Science

Room E1 09,

UCD O'Brien Centre for Science,

BELFIELD,

Dublin,

Republic of Ireland

Entry requirements

For students from United States

The normal requirement for entry to a taught Master’s Degree programme is a second class honours degree in a relevant subject. However intending applicants should check the individual requirements listed on the School website, since some degrees may require a higher standard for entry. For applicants who do not have the required minimal entry standard, a year-long qualifying course may be available. In this case relevant work experience may be a requirement. UCD recognise the appropriate minimum score in the following recognised English Language Examinations: International English Language Testing System (IELTS): An average score of 6.5 over all components and a minimum of 6.0 in each band on the Academic Version. Test of English as a Foreign Language (TOEFL) administered by Princeton University: A minimum score of 600 in the paper-based Test of English as a Foreign Language (TOEFL PBT), with Test of Written English at 475 +. In the computer based TOEFL, a minimum score of 250 is required. A minimum score of 90 is required in the Internet based based TOEFL (iBT).

For international students

This programme is intended for applicants with degree in a quantitative area. An upper second class honours or international equivalent is required.

IELTS: An average score of 6.5 over all components and a minimum of 6.0 in each band on the Academic Version.

Test of English as a Foreign Language (TOEFL) administered by Princeton University

  • A minimum score of 600 in the paper-based Test of English as a Foreign Language (TOEFL PBT), with Test of Written English at 475 +.
  • A minimum score of 90 is required in the Internet based TOEFL (iBT) with a score of at least 20 in each section

Cambridge Examinations

English language examinations administered by the University of Cambridge: 180+ on Cambridge English scale (with no less than 175 in each skill and use of English)

Acceptable Examinations:

  • Proficiency Certificate, Grade C (i.e. CEFR Level C1 or C2).
  • Advanced Certificate, Grade C (i.e. CEFR Level C1 or C2)
  • First Certificate, Grade A (i.e. CEFR Level C1)

Pearson English Language Text: Minimum of 63 and at least 59 for each item of both skills profiles.

Find your nearest IELTS test centre and test dates

There may be different IELTS requirements depending on your chosen course.

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About this uni

Famous for teaching and research excellence, and true global reach, UCD is the destination of choice for over 8000 international students.

  • Main campus in Belfield, 4km from Dublin city centre
  • 185th best university in the world
  • Globally recognised for excellent teaching and learning
  • Scholarships available for international students