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 Actuarial & Financial Studies (BAFS) degree could be for you.
It takes a combination of strong analytical skills, business knowledge and understanding 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. 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 courses in actuarial science.
What you need to know
Where is the course located?
What is the length of the course?
4 Years Full-time
When can I apply?
You can apply today
When does the course start?
Application Closing Date
Open for an application
Number of Places
Fees and Funding
Non-EU Tuition Fees
Living Costs per year
Features and Benefits
- It will prepare you for a professional career in the actuarial or financial professions.
- Most Actuarial & Financial Studies graduates take positions as actuarial trainees in the following: Life insurance, Pensions, Health insurance, General insurance
- It takes a combination of strong analytical skills, business knowledge and understanding of human behaviour to design and manage programmes that control risk and guarantee sufficient funds for the insurance and pension sectors.
- Some graduates also work in banking or finance as business or financial analysts.
How to Apply
Once you are ready to start your application, please click on APPLY NOW
As part of your application, you will be required to submit:
- Your academic history and transcripts (Actual and/or Predicted Grades)
- Proof of English proficiency (typically IELTS or TOEFL scores)
- 2 letters of recommendation
- A copy of your passport
- Personal Statement
- Extra requests for certain courses
Minimum entry requirements
YEAR 1 ENTRY
- Example of high school qualifications that are considered for Year 1 entry are as follows:
A-Level, IB Diploma, US Diploma, SAT, ACT, AP, ILC, HKDSE, STPM, CBSE, CISCE, ATAR, CAPE and NCEA.
- If you have a different high school qualification you may have to apply for a foundation programme.
FOUNDATION YEAR ENTRY
- Students who do not meet entry requirements for Year 1 can apply for a foundation programme at most universities. Contact our counsellors for further details and advice on a suitable course for you.
• IELTS: An average score of 6.5 over all components and a minimum of 6.0 in each band on the Academic Version.
- 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.
• Pearson English Language Text: Minimum of 63 and at least 59 for each item in the Communicative Skills section.
• Temporary measure for 2020 ONLY (Response to Covid 19): For students affected by testing centre closures due to COVID-19, UCD has approved the use of the Duolingo English Test (DET) as a temporary measure for the 2020 intake. The minimum requirement will be a DET score of 110. An interview may be required in conjunction with this.
Special Entry Requirements
Most Actuarial & Financial Studies graduates take positions as actuarial trainees in the following:
• Life insurance
• Health insurance
• General insurance
Should you achieve a sufficiently high standard in the degree, you will gain some (or all) exemptions from the Core Technical series examinations (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 financial analysts. As a graduate of the BAFS degree, you are also eligible to pursue graduate study in statistics, computer science, economics, mathematics, management science, finance and other specialist business subjects.