About Bachelor Of Science In Financial Mathematics in University of Limerick

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.

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

Academic qualification equivalents

• Standard XII examinations of the Central Board of Secondary Education (CBSE), Metro State Boards or Council for Indian School Certificate Examination (CISCE), with first-division/class standing and a minimum average grade of 70%. 

English language requirements (one of the below):

• IELTS: Minimum score of 6.5* with no less than 6.0 in any component.

  *Please note some programmes have a higher IELTS requirement.

  **Please note, we can only accept Academic IELTS. General IELTS will not be accepted. 

• TOEFL : 580 (paper based) or 90 (internet based)
• PTE: a minimum score of 61 (with no section score below 59)

University of Limerick Highlights 

University of Limerick Cost of Living

The estimated cost of living for one academic year (9 months) at UL is: