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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:
466
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

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 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 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
  • 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.

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

Fiona Coughlin

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”!