University of Limerick

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Bachelor of Science in Financial Mathematics

Course Details

Course Code: LM058
Level: Honours Bachelor Degree
CAO Minimum Points Entry 2009: 350
Course Leader: Eugene Gath
Phone: 00 353 61 213466
Email: eugene.gath@ul.ie

The Student Experience

Course Description

  • General Information
  • Course Structure
  • Entry Requirements
  • Career Prospects

General Information

Financial Maths is a great choice for someone who like maths and wants to work in the business, financial or banking sectors. Business degrees tend to have very little maths, so most employers are very keen to hire graduates with good quantitative skills as well a financial background. Students learn about trading, asset management and risk analysis of complicated financial products while at the same time developing solid mathematical skills.There are many career opportunities in financial trading companies, financial exchanges, investment companies, banks, government financial bodies, insurance companies, energy and power companies, agribusinesses etc.

The aims of the degree are to produce graduates with developed mathematical, statistical and computing skills, and the ability to apply them to the quantitative analysis of industrial, commercial or financial business decisions. The programme also aims to produce graduates with sufficient mathematical, statistical and computing skills for them to undertake postgraduate work in these or related areas.

These aims give rise to the following objectives:

  • To provide an education at a suitable level in the appropriate branches of mathematics, both by exploring and developing standard methods and techniques with due use of mathematical, symbolic and statistical computing packages and by having due regard to the fundamental ideas of proof, rigour and generalisation.
  • To introduce students to state of the art theory and methodologies in the world of pricing of financial products and modelling of markets and the practical implementations of these models.
  • To demonstrate the application of mathematics to problems drawn from industry, commerce and financial services.
  • To provide the student, through Cooperative Education placement, with experience of working in a company or department where the student’s own developing skills can be utilised.

For further details, log on to www.maths.ul.ie

Course Structure

Year 1 Semester 1 Semester 2 Summer
MS4021 Calculus 1 MS4022 Calculus 2
MS4131 Linear Algebra 1 MS4111 Discrete Mathematics 1
MS4101 Mathematics Laboratory MS4212 Data Analysis
CE4701 Computer Software 1 CE4702 Computer Software 2
Elective1* Elective2*
Students will elect to take one stream of modules from the following streams; Students will elect to take one stream of modules from the following streams;
EC4111 Microeconomics EC4112 Macroeconomics
AC4213 Financial Accounting AC4214 Accounting for Financial Decision-Making

Year 2 Semester 3 Semester 4 Summer
MS4013 Linear Analysis MS4014 Intro to Numerical Analysis
MS4213 Probability Theory MS4303 Operations Research 1
MS4613 Vector Analysis MS4414 Theoretical Mechanics
CE4703 Computer Software 3 MS4024 Numerical Computation
MS4403 Ordinary Differential Equations MS4404 Partial Differential Equations

Year 3 Semester 5 Semester 6 Summer
FI4003 Finance Cooperative Education
MS4215 Advanced Data Analysis
MS4214 Statistical Inference
MA4607 Introduction to Applied Mathematical Modelling in the Continuum
MS4217 Stochastic Processes

Year 4 Semester 7 Semester 8 Summer
MS4417 Project 1 MS4418 Project 2
MS4027 Fundamentals of Financial Mathematics MS4518 Theory of Statistical Finance
Three modules from; MS4028 Stochastic Differential Equations for Finance
MS4627 Mathematics of Natural Phenomena Two modules from;
MS4407 Perturbation Tech & Asymptotics MS4218 Time Series Analysis
MS4315 Operations Research 2 MS4408 Mathematical Modelling
MS4117/8 Discrete Mathematics 2/3 MS4327/8 Optimisation/Control
MS4105 Linear Algebra 2 MS4018 Dynamical Systems
MS4008 Numerical Partial Differential Equations

Entry Requirements

Applicants are required to hold at the time of enrolment the established Leaving Certificate (or an approved equivalent) with at least Grade C3 in two Higher Level subjects and Grade D3 in four Ordinary or High Level subjects (including Mathematics; Irish or another language; and English).

In addition, applicants are required to hold at least the following in the Leaving Certificate or an approved equivalent: Grade C3 in Higher Level Mathematics. Students can also enter this programme of study via the Science Choice degree LM117.

A Special Mathematics Examination will be offered at UL following the Leaving Certificate results for those students who did not achieve the Mathematics requirement.

Career Prospects

Graduates of the programme may consider career opportunities in the following areas:

  • Data Analysis including market research, demographics and medical research
  • Financial Services including accounting, lending analysis and investment analysis
  • Actuarial Services
  • Software Development
  • Manufacturing, including production planning, quality control and research and development of new products
  • Mathematics Education and Research.

Contact: University of Limerick, Limerick, Ireland
Tel: +353 (0) 61-202700, Fax: +353 (0) 61-330316

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