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Financial Mathematics

Financial Mathematics

Undergraduate (Level 8 NFQ , Credits 240 )

If you have a strong interest in Mathematics, enjoy problem solving and are interested in how Mathematics is used in business and finance, Financial Mathematics will give you an understanding of the mathematical theories that underpin financial models, as well as computational expertise in the algorithms used to price financial products. One example of a financial model included in the course is the Black-Scholes option pricing model, dating from 1973, which is one of the earliest equations developed and used to price options. Implementations of financial models, including computer programming, form a key part of the course.

Information on all our courses including pathways, internships and careers information is available in the UCD Science Undergraduate Courses Entry 2024 Brochure (PDF).


For more information regarding this course, please click School of Mathematics and Statistics

How do I apply?


For EU students, please apply via MyUCD. The following entry route(s) are available:
Description ENTRY Duration Application Opening Date APPURL
Financial Mathematics(MHS2) - Undergraduate Degree (Non EU) Entry in
Full Time - 4 Years Apply from -
Oct 2023
Apply

Financial Mathematics is one of the degree subjects available through the Mathematics stream in the common entry Science course. Students study similar modules for all degree subjects in the Mathematics stream in first year and will study modules for a minimum of two degree subjects in second year. At the end of second year, students choose their degree major. Assuming students meet all the academic requirements in first and second year, students are guaranteed a degree subject from the stream they are studying in second year. We do our best to ensure that students go on to study their top degree subject choice. As we offer plenty of degree subjects in each stream, students have a number of similar degree subjects to choose from as their degree major. For more information on choosing a degree major at the end of Second Year, visit the Mathematics stream page.

This is a sample set of modules that a Financial Mathematics student could study each year in UCD.

First Year
Scientific Enquiry • Introduction to Applied & Computational Mathematics • Calculus in the Mathematical and Physical Sciences • Applications of Differential Equations • Linear Algebra in the Mathematical and Physical Sciences • Statistical Modelling • Mathematical Analysis • Numbers & Functions • Mathematical Analysis • Microeconomics for Business • Optional Modules • Elective Module 

Second Year
Computational Science • Calculus of Several Variables • Linear Algebra in the Mathematical Sciences • Introduction to Probability • Foundations of Finance • Modern Regression Analysis • + modules for 1 other Science Subject • Elective Modules 

Third Year
Partial Differential Equations in Financial Maths • Corporate Financial Management • Fundamentals Actuarial Mathematics • Metric Spaces • Models - Stochastic Models • Advanced Computational Finance • Financial Maths Foundations • Option Modules • Elective modules 

Fourth Year
Measure Theory & Integration • Time Series Analysis • Monte Carlo Inference • Financial & Actuarial Maths • Advanced Risk Management • Probability Theory • Option modules 

Timetables & Assessment
Each student will have their own timetable based on their individual module selection. This is a full-time course and classes may include lectures, practicals and tutorials, depending on the subjects. Students will also be expected to study independently (autonomous student learning). Assessment varies with each module but may comprise continuous assessment of practicals, written exams and online learning activities.

Click below to for all course modules:

Financial MathematicsMHS2

Graduates with training in Financial Mathematics work in fields as diverse as quantitative positions in international financial companies, risk modelling in banking and insurance, computing in business, technology, research, and academia. Graduates can also pursue a range of MSc or PhD programmes such as the MSc in Actuarial Science, MSc in Financial Mathematics, MSc in Statistics or an MSc in Data Analytics.

Students may apply to study abroad for a trimester in third year in partner institutions internationally.

"When I came to the UCD Open Day and saw the beautiful science building and how friendly everyone was, my mind was made up right away. When I learned about Financial Mathematics, it sounded like the perfect way to continue to study mathematics while also combining it with my interest in financial markets. I was also lucky enough to get to go abroad for my third year to UC Berkeley in California, which was an amazing experience. Studying at a different institution gave me another perspective and I think it’s really helped me in my final year. I also completed an internship in the summer between third and fourth year at Credit Suisse and was able to earn credits as part of the professional placement module. After graduating, I went back to work at the same firm full time."

Joseph Mulligan, Graduate