Actuarial Science

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Actuarial Science

Actuaries help companies evaluate future risks and design effective policies to tackle risks. Actuaries are needed in pension consulting, enterprise risk management, merger and acquisitions (M&A) advice, asset and liability management among others.

Actuarial Science deals with evaluating risks and maintaining the economic stability of insurance or financial organizations. The graduates from this field learn how to use Mathematics, Statistics, and Probability principles to anticipate future events and take preventive measures.

The skills required to get into the field are specialized maths knowledge like calculus, statistics, probability etc, keen analytical, project management, and problem solving skills, good business sense, strong communication skills and excellent computer skills.

Ireland is a talent hub for financial services, one that experienced phenomenal success over the last few years. Completing a Master’s in finance in Ireland will get you into the Top 250 of the world’s leading financial firms. There are more than 50 Actuarial jobs on various job portals.

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Course Offered at Universtites

University College
Cork

18,000
  • MSc in Actuarial Science
  • CGPA : 60% or 6.0
  • IELTS : 6.5 with no section below 6
  • TOEFL : 90 (20 in listening & writing, 19 in reading & 21 in speaking)
  • PTE : 63 with no section below 59

University College
Dublin

22,505
  • MSc in Actuarial Science
  • CGPA : 65% or 6.5
  • IELTS : 6.5 with no section below 6
  • TOEFL : 90 with 20 in all sections
  • PTE : 63 with no section below 59

University of
Limerick

14,228
  • MSc in Risk Management and Insurance
  • CGPA : 60% or 6.0
  • IELTS : 6.5 with no section below 6
  • TOEFL : 90
  • PTE : 63 with no section below 59
Job Roles for Actuarial Science
Commercial Lines Actuary
Pricing Actuary
Part Qualified Actuary
Non-Life Actuary – Reserving Actuarial Analyst
Risk Actuary
Reporting Actuary
Reserving Actuary – Global Property
Actuary – Financial Services – Product Development
Senior Financial Risk Actuary
Actuarial Managers – Life
Actuarial – Life – Senior Manager – Dublin – 6m FTC
Companies Actively Recruiting
AVG
AVIVA
EY
Acumen Resources
Oliver James Associates
PWC
Robert Walters
Intesa San Paolo
AXA XL
Experience Based Payscale
LESS THAN 1 YEAR €32,441
1-4 YEAR €44,572
5+9 YEAR €64,397
10-19 YEAR €64,842
20+ YEAR €80,000
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