Actuaries are typically employed in the financial services sector where their role is to understand the nature of risk and find ways to manage it.
The BAFS (Hons) degree will prepare you for a professional career in the actuarial or financial professions, but it has also been designed to be broader and more diverse than most traditional programmes in actuarial science. It takes a combination of strong analytical skills, business knowledge and understanding of human behaviour to design and manage programmes that control risk and guarantee sufficient funds for the insurance and pension sectors. For example, the actuary works out the risk (i.e. the likelihood of an incident such as a fire happening) and calculates how much the customer should pay for insurance cover in order to ensure the insurance company has sufficient funds to pay out if the incident occurs. The actuary calculates the premium based on the pattern and trends in the entire marketplace. To that end, your degree will focus on statistics, mathematics, economics finance, investment and related actuarial science and business subjects. |
These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.
The following courses are required as prerequisites for domestic applicants: Irish, English, mathematics (minimum Grade B3 LC Higher Level), and three other recognised subjects.
Grade 12 Secondary School Diploma: The minimum for consideration is minimum score of C in six subjects, which includes a minimum of B in two subjects, with English and specific programme requirements. |
* We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.
