Bachelor of Science in Financial Mathematics
NFQ Level 8 major Award Honours Bachelor Degree
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
Module Electives - what are they?
Electives give you the opportunity to choose modules that you want to study.
Each Semester you will be given a choice of a number of modules and you will be asked to select a certain amount to study. This can range from 1 module to 4 modules, based on the course.
For example, you may be given a list of 4 modules, and will be asked to choose 2 to study for the upcoming semester.
Electives in Financial Mathematics
You must choose to study one of the 2 modules listed below:
If you choose Financial Accounting in term 1, then you must proceed and take Accounting (for Financial Decision Making) in term 2. Similarly, if you take Microeconomics in term 1, you must take Macroeconomics in term 2.
Whatever the student's choice, there are no consequences for the rest of the programme, in higher years.
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;
- Mathematical and Statistical Models of Investments
- Stochastic Differential Equations for Finance
- Numerical Computation
While this course is not an Actuarial Course, graduates can obtain the actuarial exemption CT3.
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 email@example.com
|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|
|Choose 1 of;||Choose 1 of;|
|AC4213||Financial Accounting||AC4214||Accounting for Financial Decision Making|
|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|
|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 Methods for Partial Differential Equations||Two Modules from:|
|MS4117||Discrete Mathematics 2||MA4128||Advanced Data Modelling|
|MS4118||Discrete Mathematics 3||MS4018||Dynamical Systems|
|MS4407||Perturbation Techniques and Asymptotics||MS4327||Optimisation|
|MS4315||Operations Research 2||MS4328||Mathematical Control Theory|
|MB4017||Geometry||MS4408||Mathematical Modelling (MA4617 prerequisite)|
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
- Risk analyst (insurance)
- Hedge fund manager
- Data analyst (bank)
- Senior business analyst (software company)
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.
Related postgraduate programmes at UL include:
- MSc Mathematical Modelling
- MSc Computational Finance
Maria Hehir - Graduate
Growing up in Ireland during the booming Celtic Tiger and suddenly being exposed to a global financial crisis - this sparked my interest in finance. This course at UL seemed like the perfect fit for me. It is demanding and time-consuming, but all the while building a backbone for the real world and prepared me for a career in investment banking, an industry notorious for its demanding hours.
Having a great degree, along with an 8-month co-op experience from a highly accredited firm will give you an edge over others after graduation. Facilities at UL are very impressive - the Trading Floor is equipped with the latest trading and investment software to deliver high-speed, real-time global trading data. As Ireland's first campus-based, simulated trading floor, it is believed to be the first of its kind in an EU University.
My advice to school leavers is to be honest with yourself when choosing a course. Focus on figuring out what comes naturally to you, what you enjoy doing and from there think about what course might best fit these interests.
Maria currently works in Mergers & Acquisitions at a New York Investment Bank
Mathematics is a universal language; it makes up the world that we live in and Financial Maths at UL allows you to explore and engage in real-life mathematical situations. As a student on this course, I’ve developed an analytical mind. I’ve also gained valuable skills like problem-solving and logical reasoning which are highly sought after in any line of work. This course introduces the student to a wide variety of mathematical areas such as Data Analysis, Statistics, Fundamentals of Financial Mathematics and Computer Software to name but a few. It is also worth mentioning that it is one of the most employable degrees in the country to have, which will help your mother sleep at night!
As a UL student, I was fortunate enough to work in the world’s leading airline leasing company, GECAS in Shannon. Through this 8-month experience I was able to apply the skills that we had learned on our course to the workplace.
If you have a flair for Maths or Applied Mathematics in secondary school, then you will enjoy to the fullest what this course has to offer. UL certainly ticks all the boxes as the place in which you want to spend “the best years of your life”!