Postgraduate
MSc Actuarial Science

University College Dublin

Course Overview


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 Examinations of the Institute & Faculty of Actuaries (UK).
• Paid research placements for some students with actuarial companies (subject to successful selection process)
MSc Actuarial Science won the Science Postgraduate Course of the Year at the gradireland Higher Education Awards in 2016.

What you need to know

Where is the course located?

Dublin City

What is the length of the course?

12 Months (1 Year) Full-time


When can I apply?

You can apply today

When does the course start?

September

Placement options


Application Closing Date

Open for an application

Number of Places

Fees and Funding

Non-EU Tuition Fees

€ 22,505

Living Costs per year

€ 12,000

Application Fee

€ 60

Features and Benefits


  • Designed specifically for those seeking to enter the actuarial profession.
  • Paid research placements for some students with actuarial companies (subject to successful selection process).
  • Students who perform well in the programme may obtain block exemptions from the Core Examinations of the Institute & Faculty of Actuaries (UK).
  • Fully accredited by the Institute & Faculty of Actuaries (UK).

Entry requirements

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
  • CV/Resume
  • Extra requests for certain courses

Minimum entry requirements

• 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 honors or international equivalent is required. Degrees in Commerce or Accounting do not generally carry sufficient mathematics and statistics content to make students eligible for the MSc in Actuarial Science.
• 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.
These are the minimum entry requirements additional criteria may be requested for some programmes

English Requirements

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

  1. 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+
  2. 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 center 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.

Special Entry Requirements

n/a

Career Prospects


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.

Notes


The MSc Actuarial Science offers potential exemptions from the Core subjects 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 Practice 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.