Undergraduate
BSc Financial Mathematics and Economics

NUI Galway

Course Overview


The BSc in Financial Mathematics and Economics (BSc in FME) programme is a four-year degree programme consisting of courses in mathematics, economics, statistics/probability, applied mathematics, accounting and business finance, and computer science.

The programme’s aim is to equip students with expertise in quantitative subjects, with a particular focus on financial economics, actuarial mathematics and statistics. There is a high demand from financial institutions for well-qualified students with quantitative skills, and in an expanding market, highly numerate professionals are being sought, particularly in the areas of insurance, investment and finance. Typically in such employment, you would be predicting the long-term financial consequences of current and past decisions, taking account of various risk factors, and designing solutions to problems that involve financial risk or uncertainty. The degree should appeal to people who enjoy mathematics and are interested in studying economics and other subjects in the financial area. (Please note that you do not have to study economics for the Leaving Certificate to be admitted to this course.) This degree has an advantage over other programmes, including specialized actuarial programmes, as it is broad and suits students not yet ready to specialize. The course is administered jointly by the College of Science and the College of Business, Public Policy and Law. The entry requirements of either college may be applied, according to whichever is more advantageous to the applicant.

What you need to know

Where is the course located?

Galway

What is the length of the course?

4 Years 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

30

Fees and Funding

Non-EU Tuition Fees

€ 19,750

Living Costs per year

€ 10,000

Application Fee

€ 60

Features and Benefits


  • There are excellent employment opportunities for graduates. The demand from employers for well-qualified students with knowledge of how financial markets operate and how to use quantitative techniques to make informed investment decisions is substantial.
  • Opportunities for our graduates exist in government departments and other public sector bodies, where they play key roles on issues affecting the national economy.
  • The employment prospects from this degree programme are excellent, with challenging and financially rewarding opportunities in many different areas.
  • Because of their strong numeracy skills, graduates have also secured employment in a wide variety of different areas, for example, as economists, in accountancy, tax and law, in management consultancy and even as a sports odds compiler.

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

• Minimum Grade H5 in two subjects and passes in four other subjects at O6/H7 level in the Leaving Certificate, including Irish, English, Mathematics, a third language or a laboratory science subject (i.e. Chemistry, Physics, Biology, Physics with Chemistry (joint) or Agricultural Science) and any two other subjects recognized for entry purposes.
• A H5 or O1 in Mathematics is required. For A-levels, a minimum of Grade C in A-Level Mathematics is required

English Requirements

Science and Engineering (No less than 5.5 in any Component)
IELTS: 6.5 Overall
TOEFL: 88
Pearson (PTE): 61
Duolingo English Test (DET)**: 110
• Temporary measure for 2020 only in response to COVID-19

Special Entry Requirements

This programme is an inter-college programme of the College of Science and the College of Arts, Social Sciences and Celtic Studies. The entry requirements of either College may be applied, whichever is the more advantageous to the applicant.

Career Prospects


There are excellent employment opportunities for graduates. The demand from employers for well-qualified students with knowledge of how financial markets operate and how to use quantitative techniques to make informed investment decisions is substantial. The employment prospects from this degree programme are excellent, with challenging and financially rewarding opportunities in many different areas. These include:
• Financial services – opportunities for graduates exist right across the financial services sector, in investment, corporate and private banking, in currency trading, in credit risk and in management of hedge funds.
• Actuarial profession – graduates can embark on a career as an actuary, working primarily in pensions, life insurance and investments.
• Other areas – opportunities for our graduates exist in government departments and other public sector bodies, where they play key roles on issues affecting the national economy.

Notes


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