- Postgraduate Diploma (Level 9 NFQ)
- Full time
- Part time
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Enrolment and Start Dates Comment
Start date: September 2014
Making an application online is the quickest and easiest way of applying to UCD. The UCD applications system is currently available for most postgraduate programmes and a small number of degree programmes in UCD.
In order to create an online application, or view an application that you have already made, just click on the Application Weblink below.
1 year full-time
Link to Course Fee
Graduate Diploma in Actuarial Science:
Applicants will normally be expected to have a very good foundation in mathematics and/ or statistics and should have the equivalent of an Irish 2.1 honours degree in a quantitative area such as mathematics, statistics, computer science, engineering or economics and/ or finance.
We will, however, consider applications from prospective students who do not meet these entry requirements provided they can demonstrate an ability and commitment to study actuarial science. UCD reserves the right to analyse applications in the context of a student's degree performance in subjects directly linked to Actuarial Science and make an admissions decision on this basis.
English Language Requirements
Teaching in Irish Universities is through the medium of English; therefore all applicants are required to demonstrate a high level of competence in English language.
The minimum English Language Requirements in relation to International English Language Testing System (IELTS):
An average score of 6.5 over all components and a minimum of 6.0 in each band on the Academic Version
The minimum English Language Requirements in relation to Test of English as a Foreign Language (TOEFL) administered by Princeton University:
In the Test of English as a Foreign Language (TOEFL), a minimum score from 600 paper based TOEFL(with a minimum score of 475 in the Test of Written English), 250 computer based TOEFL or 100 internet based TOEFL (iBT)
For all proficiency tests the results must be less than 2 years old.
The Post Graduate (PG) Diploma Actuarial Science is designed for students from quantitative disciplines who ultimately wish to train as an actuary upon completion of the programme.
Who is the Graduate Diploma Actuarial Science aimed at?
The Graduate Diploma Actuarial Science is designed for students from quantitative disciplines who ultimately wish to train as an actuary upon completion of the programme. The Graduate Diploma can help fast-track your career as an actuary by supporting you through the initial examinations of the Institute and Faculty of Actuaries (UK).
What will I learn?
You will develop an understanding of the theory and principles underlying actuarial science. The programme provides a solid foundation in mathematics, statistics, economics and finance for future actuarial studies.
How will I benefit?
The Graduate Diploma Actuarial Science offers potential exemptions from the Core Technical subjects 1 to 8 (CT1-8) of the examinations of the Institute & Faculty of Actuaries (UK). If you have prior actuarial exemptions you may choose to study all or part of the syllabus for examination Core Applications 1 (CA1) of the Institute and Faculty of Actuaries (UK).** The programme is therefore suitable for students with no prior exemptions and for students who wish to add to any exemptions they already have.
** No exemptions are offered from the examinations of the Institute and Faulty of Actuaries in respect of CA1.
What is the programme about?
The Graduate Diploma Actuarial Science is a nine month full-time programme from September to the following May covering the Core Technical subjects 1 to 8 (CT 1-8) and subject Core Applications 1 (CA1) of the examinations of the Institute and Faculty of Actuaries (UK). Depending on your background and subject to the approval of the programme director, you may select between five and seven subjects to study.
The Core Technical subjects are as follows:
Financial Mathematics (CT1)
Finance & Financial Reporting (CT2)
Probability and Mathematical Statistics (CT3)
Statistical Methods (CT6)
Business Economics (CT7)
Financial Economics (CT8)
The Graduate Diploma Actuarial Science is accredited by the Institute and Faculty of Actuaries (UK). Students may be awarded a block exemption from their chosen CT subjects based on their performance in these subjects. If the weighted average of their results in their chosen subjects is greater than or equal to the accreditation standard required by the Institute & Faculty of Actuaries (UK) then students may be awarded exemptions from the corresponding Core Technical examinations.
Subject-by-Subject exemptions for the CT subjects are also available for students who do not achieve the overall accreditation standard required for block exemptions. The standard required for individual subject exemptions will vary between subjects and from year to year but will typically be that required for a good honours grade in the subject.
Demanding programme for those with strong quantitative backgrounds
Designed specifically for those seeking to enter the actuarial profession
Fully accredited by the Institute & Faculty of Actuaries (UK)
Students who perform well in the programme may obtain block exemptions from the Core Technical examinations of the Institute & Faculty of Actuaries (UK)
CT1 Fundamentals of Actuarial and Financial Mathematics I
CT3 Probability & Statistics for Actuary
CT4 Models - Survival
CT4 Models - Stochastic
CT5 Actuarial Mathematics 1
CT6 Actuarial Statistics I
CT8 Financial Economics I
CA1 Actuarial Risk Management I*
CA1 Actuarial Risk Management II*
CT1 Fundamentals of Actuarial and Financial Mathematics II
CT2 Actuarial Reporting I
CT5 Actuarial Mathematics 2
CT6 Statistical Methods for Actuaries
CT7 Actuarial Reporting II
CT8 Financial Economics II
CA1 Actuarial Risk Management III*
CA1 Actuarial Risk Management IV*
*Modules may only be chosen by students with prior actuarial exemptions.
Number of Credits
Careers or Further Progression
Where can I go?
As a graduate of the Graduate Diploma Actuarial Science you can look forward to a career ranging from the traditional areas of insurance and pension consultancy to the rapidly expanding areas of investment and risk management. Successful graduates can expect early responsibility in their chosen career and the opportunity to work in a variety of challenging roles. Throughout your actuarial career you can rely on the support and guidance of the Actuarial Profession and upon qualification you can expect a rewarding career that will continue to offer opportunities for further development. The Actuarial Profession is a global profession with actuaries in demand in Europe, America, Asia and Australia.
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