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Bachelor of Science in Financial Mathematics

Course Details

Course code:
LM058
Level:
NFQ Level 8 major Award Honours Bachelor Degree
Length:
4 Years
CAO points:
447
Course leader:
Dr Eberhard Mayerhofer
Email: Tel:
00 353 61 202316

 

Admissions:

Tel: 00 353 61 202015
Queries: www.ul.ie/admissions-askus

 

About You

Financial Mathematics is a great choice for someone who likes 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 as a financial background.

Why Study Financial Mathematics at UL?

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 you 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 you, through Cooperative Education placement, with experience of working in a company or department where your own developing skills can be utilised.

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

You will learn about trading, asset management and risk analysis of complicated financial products while at the same time developing solid mathematical skills. Typical modules include;

  • Calculus
  • Mathematical and Statistical Models of Investments
  • Stochastic Differential Equations for Finance
  • Numerical Computation

There are many career opportunities in financial trading companies, teaching, investment companies, banks, government financial bodies, actuarial and insurance companies, energy and power companies, agribusinesses etc.

To find out more, email eberhard.mayerhofer@ul.ie

Year 1 Semester 1   Semester 2 Summer
CE4701 Computer Software 1 CE4702 Computer Software 2  
MS4021 Calculus 1 MS4022 Calculus 2  
MS4101 Mathematics Laboratory MS4122 Further Linear Algebra  
MS4131 Linear Algebra 1 MS4222 Introduction to Probability and Statistics  
  Elective1*   Elective2*  
  Choose 1 of;   Choose 1 of;  
AC4213 Financial Accounting AC4214 Accounting for Financial Decision Making  
EC4111 Microeconomics EC4112 Macroeconomics  

 

Year 2 Semester 3   Semester 4 Summer
FI4003 Finance MS4014 Intro to Numerical Analysis  
MS4043 Methods of Linear Analysis MS4034 Applied Data Analysis  
MS4035 Probability Models MS4303 Operations Research 1  
MS4403 Ordinary Differential Equations MS4404 Partial Differential Equations  
MS4613 Vector Analysis MS4414 Theoretical Mechanics  

 

Year 3 Semester 5   Semester 6 Summer
MS4045 Complex Analysis   Cooperative Education  
MS4105 Linear Algebra 2      
MS4214 Statistical Inference      
MS4215 Advanced Data Analysis      
MS4027 Fundamentals of Financial Mathematics      

 

Year 4 Semester 7   Semester 8 Summer
MS4417 Project 1 MS4418 Project 2  
MS4217 Stochastic Processes MS4028 Stochastic Differential Equations for Finance  
  Three modules from; MS4528 Mathematical and Statistical Models of Investments  
MA4617 Introduction to Fluid Mechanics MS4218 Time Series Analysis  
MS4008 Numerical Partial Differential Equations   Two Modules from:  
MS4117/8 Discrete Mathematics 2 MS4018 Dynamical Systems  
MS4315 Operations Research 2 MS4327 Optimisation  
MS4407 Perturbation Techniques and Asymptotics MS4408 Mathematical Modelling  
    MA4617 is a prerequisite  
    MA4128 Advanced Data Modelling  

Applicants are required to hold at the time of enrolment the established Leaving Certificate (or an approved equivalent) with a minimum of six subjects which must include: Two H5 (Higher Level) grades and Four O6 (Ordinary Level) grades or four H7 (Higher Level) grades. Subjects must include Mathematics, Irish or another language, and English.

In addition, applicants must hold a minimum grade H3 in Mathematics.

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

We welcome applications from mature students. Mature applicants must apply through the Central Applications Office (CAO) by 1 February.

Careers open to you with a degree in Financial Mathematics include;

  • Investment analyst (financial services)
  • Secondary school maths teacher
  • Actuarial analyst
  • Accountant
  • Risk analyst (insurance)
  • Hedge fund manager
  • Data analyst (bank)
  • Senior business analyst (software company)

Follow-on study

Recent graduates have undertaken a variety of Masters courses in Ireland, the UK and US, some with scholarships. Graduates are also involved in doctoral research, some supported by MACSI at UL.

Ben Savage

There is great variety in this course as it educates you in almost every field of mathematics, from coding to accounting. I really enjoy the fact that each module you study challenges you in a different way and that is essential for developing many varied skills in the areas of computing, maths, statistics and finance. The course also helps prepare you for your career after college, no matter what industry it is.

For my co-op, I recently completed a 7- month internship with Accenture, a worldwide consultancy firm. I was based in Dublin which is the global headquarters of the company. I worked in the Analytics department which was the perfect opportunity for me to develop several new skills and prepare myself for work in the real world. I also managed to develop a good mix of some basic office skills which are essential in every company and can't be taken for granted.

I think the facilities provided for the course here at UL are excellent. From modern classrooms to the latest technology in the computer labs, everything is ideal. The lecturers are very approachable also, no matter what the issue. If you have a strong interest in Maths or Applied Maths then this course is perfect for you.

Gráinne Kirby

I always knew that I wanted to get into the area of Finance, and Mathematics was always my best and favourite subject in school. I attended the UL open day and immediately fell in love with the stunning campus. Unlike other universities, the campus is quite compact and is so picturesque with the River Shannon and the architectural beauty of some of the newer buildings adding to the atmosphere also.

I am currently working as a Planner and Scheduler with Abbot Ireland Diagnostics. I am responsible for all scheduling activities for all of our large scale manufacturing operations and am also leading two major cost-saving and process improvement projects at a site-wide level. Daily activities include updating schedules, sending daily/weekly manufacturing reports, running the operations planning meeting and dealing with customer orders.

Gráinne's tip: 
Make sure you really think about what course you want to do in college. It's important that you have a genuine interest in the area and that you assess the course content to ensure it is suited to your abilities. Consider what type of job you envision yourself in and explore job opportunities resulting from this type of degree.

Embrace your college experience, get involved in clubs and societies, try new things and step outside of your comfort zone - my only regret from University is that I didn't do this enough!