Actuarial Mathematics involves applying the science of chance - probability - to complicated problems encountered every day in insurance and high finance. It is a career suited to those who excel in mathematics and problem solving.
The actuarial profession helps people to manage their exposure to risk and its impact on their lives, property, health or future by using mathematics.
Finance encompasses topics such as economics, accounting, statistics, and investment, all with the focus on managing money efficiently.
This course offers an excellent route into well-paid, rewarding careers for students who like maths, who are good at it, and who are interested in seeing how maths is used in the world of business and finance.
This course prepares you for working in the Career Sectors below. Follow the links to get a fuller understanding of the sectors you are preparing for.
QQI FET/FETAC Links
Points Calculator for QQI Awards:
Details of the QQI scoring system and a points calculator can be found HERE
The Student - Career Interests
This course is typically suited for people with the following Career Interests. If these interests do not describe you, this course may prepare you for work you may not find satisfying.
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.
Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.
In Year Three students spend 8 months on a paid work placement (INTRA), where they gain practical skills and experience in a commercial environment which can help inform their choice of career.
Graduates find careers in Actuary Consultancy and Statistical Analysis, Research Data Analytics in the Financial Services, Pensions, General and Health Insurance.