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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;
- 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 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 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
- 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.
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.
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.
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!