Masters in Actuarial Science in Ireland



Highlights of Studying MSc Actuarial Science in Ireland

  • Graduates earn a minimum of 40,000 EUR /year

  • Registering with Institute and Faculty of Actuaries can progress your career

  • 2,400 openings for actuaries are projected each year between 2020 - 2030

  • 20% increase in the demand for actuaries globally

  • Actuaries, financial advisors, insurance consultants are on the Critical occupation skill list

  • Two years post study stay back

  • Tuition fee starting from 13,000 EUR

  • Top employers include Aegon, Metlife, Irish Life, Mercer, Zurich

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Scope for Masters in Actuarial Science in Ireland

The scope for masters in Actuarial Science in Ireland is booming and has seen a drastic increase over the last few years. Job opportunities for MS in Actuarial Science in Ireland has substantially increased post the Covid-19 effect and top companies that hire Actuarial Science in Ireland have started spreading their wings of opportunities. The salary after studying masters in Actuarial science in Ireland is at an average of whopping 40,000 EUR per year and has been increasing. The average salary of Actuarial Science in Ireland is something that every fresh graduate looks forward to in order to kiss the summits of financial prosperity. If you are looking forward to a new challenging role and take up the responsible role of a risk evaluator and analyst, Actuarial science in Ireland has loads of opportunities awaiting your arrival.

Why are we the Most recommended Ireland Education Consultants?

GoIreland is the Exclusive Ireland Education Consultancy with a strong record of admits & scholarships. Being the Exclusive Ireland Education consultancy with a well-trained team, we have assisted 10,000+ students every year. At GoIreland, we are a strong team of 200+ certified Irish education consultants placed globally on our feet to help you out with any query, among the many reasons to study in Ireland, cheap tuition fees, post-study work permits, scholarships as tuition fee deductions. Ireland is an IT hub with 30+ higher education institutions offering 5000 programs. Among Ireland's top Education Institutions, most of them are listed in World's top 500 QS World University Rankings. Being Officially Ireland's Exclusive University Representatives, we are committed to providing you with the latest information provided by the Universities regarding the courses and requirements. Exclusive Ireland university Education Consultants are in constant communication with the Ireland Embassy updated with the current requirements for Visa, making every Visa application a success.


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Why Study Masters in Actuarial Science in Ireland

The existing era of data analysis, stats analysis, and advent of modernized technologies based on mathematical calculations have opened up a diverse spectrum of career opportunities for new graduates. One such demanding sector is Actuarial Science studies. Comparatively new, this field of education has mammoth openings for students as Actuarial Science Masters deals with the analysis and evaluation of risk management as well as economic stability of insurance or financial organizations. Hence, the jobs are well-paid for MSc in Actuarial Science in Ireland due to the fact that their decision plays a decisive role in solidifying the financial stability of an organization. Masters in Actuarial Science in Ireland can prove to be of immense help in boosting your career. Now, the question is Why study Masters in Actuarial Science in Ireland? Ireland is one such destination that has loads of opportunities as the last 5 years have seen a 20% dramatic job rise for graduates in Actuarial Science Masters in Ireland.

Actuarial Science in Ireland
Actuarial Science in Ireland

What is Actuarial Science?

Any employer in the pension, insurance and financial industries lookout for graduates who have completed the best Masters in Actuarial Science in Ireland. Actuarial Science deals with evaluating and analyzing the risks of a financial or insurance institution for maintaining better economic stability of the firm. Consulting firms are building their Actuarial teams as they recognize the importance of these professions from both an audit and consulting perspective. Despite a mixed General Insurance market performance, insurers are looking to grow and diversify their books of business and experienced underwriters with exposure to various product lines and a strong broker network are in high demand who have experience through the top courses in Actuarial Sciences in Ireland.

Students in Actuarial Science in Ireland learn using mathematics, data science, statistics and probabilities for the assessment of future potential complications and thereby prevent them from happening in the first place. The main job for Actuarial Science in Ireland is to analyze the past data and decide how much money to be kept aside for covering up potential future losses, in the case it happens. Starting from deciding how much a client should be paying for their insurance to how much the company should allocate for loss prevention depends on MSc in Actuarial Science in Ireland.

Our Process + How Can We Help

At GoIreland, our main objective lies in helping students dedicatedly win their ultimate conquest of career summit. Our trained, experienced, and professional consultants with their years of proficiency can help you select the best destination for studies in no time. Starting from the initiation process of admission to the successful completion of the course, we are here to walk always alongside you. Once you contact us for pursuing higher studies, our consultants will counsel you to ensure you are selecting the right career path and leave no stones unturned in making your dreams come true.

Whether you are interested in Actuarial science or any other majors, we can help you with all our resources and connect the dots to help you pursue your dream career. The best part is, we also have a dedicated team of professionals who can help you with your Visa process and all other complexities involved in getting admission. The services provided by Officially Ireland's Exclusive University Representatives - GoIreland are,

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  • Detailed Profiling : The critical aspect of GoIreland is profiled assessment. We get to know about your goals, aspirations, interest, education qualification, extracurricular activities, internship, and work experience, identify the areas that need improvement and help you make a well-rounded profile. We also engage parents in this phase to understand your financial position and other requirements. 
  • Program Selection : Choosing the right program will put you on the right track to a successful and happy future. It is, therefore, our duty to ensure that you make the right choice and the chosen program suits you. We will be with you till the last step and make sure you are satisfied with your selection. 
  • University Shortlisting : After we help you find a suitable course, shortlisting the perfect institution is the next step. As the Ireland's Exclusive Official University Representatives will provide you with all the information you need, such as the syllabus, the standards of the faculties, the career prospects, etc. 
  • Preparing SOP/LOR/Resume/Admission Essays : There are supporting documents explaining your qualities and intentions for the application. Ireland's Exclusive University tie-up consultants have a team of experienced content writers who are well-versed in preparing these documents based on the individual requirements for each application. 
  • Application Filling : Our experienced Exclusive Ireland Education Consultants can help you tackle applications, and all you have to do is give us the required documents and rest assured, everything else is a piece of cake. Our job is to make sure that your application is filled out correctly with all the necessary documents and filed on time. Look no further; come to us with your questions and problems, we will solve them.
  • Follow-up with Institutions for Admit Letters : After applying to the university, we keep track of the application and answer any query raised by the institution on the application. We keep track of your application status and ensure that it reaches the department on time. 
  • Educational Loan : Studying abroad is a substantial investment. Finances can be a cause of worry for both parents and students. Our experienced Exclusive Irish University Consultants will go through your profile and give you financial Counseling and help in choosing the bank, preparing the documents, and acquiring the student loan.
  • VISA : Let us handle the tiresome task of applying for a student visa and ensure that all goes well. We also make sure that you submit all the financial documents like Income Tax Returns, Liquid Assets, Official Bank Records, Payslips, and others crucial for visa application and assist you in preparing the records as per the requirement in the stipulated timeline.  
  • Travel & Accommodation : It is always good to plan for your travel, book tickets, and find the accommodation well ahead. We will find the best deals that suit your pocket and your needs. We will ensure that you find the course of your interest in the best institution possible and of course, take care of all the necessary arrangements needed to realize your dream. 
  • Forex Services : One of the most tedious processes is to make International Payments. Most overseas universities allow a wire transfer to their recipient bank accounts. We have our Forex team to help you out with making it a lot more convenient and secure.

Top Actuarial Science Masters Program in Ireland

Ireland has always been a country that is not only rich in its environmental and historical culture but also a brilliant technical hub for post-graduates. Some of the best universities in the country such as University College Cork, University College Dublin, and the University of Limerick offers a brilliant and diverse program of Masters in Actuarial Science in Ireland. We at GoIreland can help you choose the best Actuarial Science courses to study in Ireland with the help of our dedicated and super-experienced educational consultants. The Institute and Faculty of Actuarial Science in Ireland has offered a program-level exemption status to the various Actuarial Science courses in Ireland.

This is probably the best time to pursue Actuarial Science Masters in Ireland due to Covid-19 impact. Colleges offer a combined education of data science, mathematics, economics, finance and business for the best Actuarial Science courses in Ireland. A candidate pursuing MS in Actuarial Science in Ireland is equipped with the best skills, practical experience and dynamic personality to land their dream job in any sector related to risk assessment.

Top Universities for MSc Actuarial Science in Ireland

MSc Actuarial Science Courses in Ireland

University College Dublin (UCD) MSc in Actuarial Science
University College Cork (UCC) MSc in Actuarial Science

Best Universities for Masters in Actuarial Science in Ireland

Ireland, harboring some of the world's most renowned universities and colleges, you can pick among the top universities in Ireland for Actuarial Science Masters. These top ranked colleges for masters in actuarial science in Ireland are equipped with state-of-the-art facilities, premium faculties and unparalleled expertise to take your career to the summit. It is surprising to know that fellow students from around 160 countries come to Ireland for studying each year and they make about 12% of the entire student population of the country. Nevertheless, high-ranking colleges for Masters in Actuarial science in Ireland can not only land you a high-paying job but also help develop your interpersonal skills. University College Dublin, Cork, Dublin City University, etc., are offering full-time courses and part-time courses that last between 1 to 2 years. Students are also entitled to all sorts of legislative, advisor works post their completion of study in top ranked universities in Ireland for Masters in Actuarial science. Students can diversify their portfolio and abilities in the areas of Statistical Mathematics, Risk management and Statistical Reporting, Probability and Mathematical Statistics, General Insurance, Life and Health Contingencies, and many more. Our educational consultants at GoIreland can help you choose the best university and courses for a jubilant career ahead.

Below is the list of Top universities for MSc Actuarial Science in Ireland

Best Universities for MSc Actuarial Science in Ireland

University College Dublin (UCD)
University College Cork (UCC)
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Masters in Actuarial Science in Ireland With Internship

Similar to other education fields, students can find Actuarial science programs in Ireland with Internships too. Distinct colleges and universities even though may not have a separate internship program for MS in Actuarial science in Ireland as a part of their curriculum, encourage students by providing details for the same. Top colleges for MSc in Actuarial Science in Ireland offer diverse internship programs at some of the best-known companies for strengthening your experience in the field even before you are entitled to the completion of the course. Students can opt-in for the Actuarial Science courses in Ireland with internships during the summer vacation at their convenience. As per the current statistics, an average trainee of Masters in Actuarial science in Ireland lands up with an average median pay of 36,959 to 37,119 EUR per annum. Internship programs taken up with MS in Actuarial Science in Ireland can be of good financial support due to the vast accumulation of work experience and practical training offered by the leading managers of MNCs.

Admission Requirements to Study MSc in Actuarial Science in Ireland

Although Actuarial science is one of the most demanding courses in Ireland, the entire admission process is pretty simple and straightforward. And, with our help at GoIreland, it gets even simpler. Requirements to study MS in Actuarial Science in Ireland is almost similar to other subjects as well where you need to have a Bachelor's degree in Business, finance, marketing, psychology or other commerce fields. One other entry requirement for Masters in Actuarial Science in Ireland is to have relevant work experience, nevertheless, having a Bachelor's degree is absolutely necessary. To get admitted to a reputed institution, you need to have 70% or higher as an eligibility criteria for MSc in Actuarial science in Ireland. Universities can accept a maximum of 5 backlogs in your Bachelor's program. While applying for technical universities, you need to have 60% above and for a college, you need to amass a minimum of 55% with less than 7 backlogs.

Admission requirements for MS in Actuarial Science in Ireland are short, precise and very simple to understand.

  • A Bachelor's degree program in mathematics, finance, psychology, economics, data science, business with less than 7 backlogs, 70% higher marks or a relevant work experience of minimum 3 years in the field. 
  • Students without GRE are eligible for Masters in Actuarial science in Ireland as GRE certification is not necessary. 
  • SOP or Statement of Purpose is a letter that you need to offer the decided institution describing your intention of pursuing Masters in Ireland. This letter also puts a strong emphasis on your academic journey, interests, performance, achievements and other professional credentials too. Getting a SOP is of the utmost importance in getting admission. GoIreland can help you frame the SOP focused on your qualities, intentions and other criteria to get admitted to the top universities for Masters in Actuarial science in Ireland
  • Resume - You need to have an impressive resume that explains and portrays your educational qualifications, credentials, portfolio or work experience if any, interests and other extra-curricular activities. We can help you prepare a spectacular resume for studying MS in Actuarial science in Ireland
  • Letters of Recommendation - This is a letter that your mentors, professors or seniors draft mostly expressing your qualities, abilities as a student or employee in order to inform your intentions and planning better to the college. 

Universities for Masters in Actuarial Science in Ireland

Entry Requirements for MS in Actuarial Science in Ireland

University College Dublin (UCD) 65% or 6.5 CGPA
University College Cork (UCC) 60% or 6.0 CGPA

English Requirements To Study Actuarial Science in Ireland

English is a strong requirement to study Actuarial science in Ireland since Ireland is also an English-speaking country. Minimum English requirements for MS in Actuarial Science in Ireland is the fluent ability to read, write, speak and that can be only proven through English tests. Although, individual universities have their own sets of requirements, but the basic ones are IELTS, TOEFL, & PTE scores. You need to acquire a minimum eligible score to study masters in Actuarial science in Ireland . The minimum English score required for MSc in Actuarial science in the three respective tests is 6.5, 90 and 63.

Universities for Masters in Actuarial Science in Ireland

IELTS

TOEFL

PTE

University College Dublin (UCD) 6.5 90 63
University College Cork (UCC) 6.5 90 63
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IELTS Requirements to Study Actuarial Science in Ireland

One of the foremost criteria for an unconditional admission letter from the top Irish universities is the passing of IELTS exam. You are required to take an academic IELTS English language exam that depends on four different modules of listening, speaking, reading and writing. The minimum IELTS requirement for MSc in Actuarial science in Ireland is scoring an overall score of 6.5. Although the IELTS minimum English requirements for MS in Actuarial science in Ireland is subjective to universities, the basic rule is mentioned above. The minimum IELTS requirement for MSc in Actuarial Science in Ireland is an overall band score of 6.5 with no section less than 6.0.

Universities for Masters in Actuarial Science in Ireland

IELTS Requirements for MS in Actuarial Science in Ireland

University College Dublin (UCD) 6.5
University College Cork (UCC) 6.5

TOEFL Requirements to Study Actuarial Science in Ireland

For admission, TOEFL scores may vary depending on the specific university or college but the minimum TOEFL score requirement for MSc in Actuarial science in Ireland is 90. However, the TOEFL score required for MS in Actuarial science in Ireland should not be less than 88 at all. Few Universities also require specific sub band scores as part of the minimum score requirement for TOEFL for Actuarial Science.

Universities for Masters in Actuarial Science in Ireland

TOEFL Requirements for MS in Actuarial Science in Ireland

University College Dublin (UCD) 90
University College Cork (UCC) 90

PTE Score Required for MS in Actuarial Science in Ireland

The minimum PTE score requirement for MSc in Actuarial science in Ireland is 61 with no section procuring less than 59 for universities and 59 overall with no sections less than 56 for institute of technology, universities and colleges.

The below list describes the PTE score required for MS in Actuarial Science in Ireland.

Universities for Masters in Actuarial Science in Ireland

PTE Requirements for MS in Actuarial Science in Ireland

University College Dublin (UCD) 63
University College Cork (UCC) 63

Application Requirements for Masters in Actuarial Science in Ireland

Application requirements for MS in Actuarial Science in Ireland are a bit different in case of international candidates compared to the locals. Candidates can go through the college or university website for precise information on the application requirements. Alternatively, you can also speak to our educational consultants for help or precise information on the various criteria of Masters in Actuarial science in Ireland.

Below jotted down is a list of documents to be submitted for undergoing admission in the colleges or Universities. However, we always encourage you to give us a call for getting more clarity on the documents and for further assistance in procuring them.

  • Bachelor Degree Semester Wise mark sheets & Consolidated Marksheet
  • Bachelor's degree certificate
  • Passport
  • Resume
  • Letters of Recommendation
  • Statement of Purpose

Admission Process for MS in Actuarial Science in Ireland

We have already provided you with every detail on the admission process for MS in Actuarial science in Ireland. You will have all the details in place to get admitted to the universities or colleges. For more information on how we can assist and all other aspects, please feel free to contact our professional consultants at GoIreland and we are always there to walk you through everything for Masters in Actuarial Science in Ireland.

How to Apply for MS in Actuarial Science in Ireland

The process of applying for Masters in Actuarial science in Ireland is very simple and straightforward. All you need to do is follow the entire process mentioned above and get started with the process on how to apply for MS in Actuarial science in Ireland. Few things at a glance before you proceed.

  • Decide the course you want to apply for MS in Actuarial science in Ireland and then stick to the program without hovering through multiple courses. It is always better to decide a course and then stick to it for better career prospects and clarity. Check out multiple universities and colleges offering the same program to pick the best. 
  • Look out carefully for application deadlines for MS in Actuarial science in Ireland. After you finalize the university or college, check out the last submission date, guidelines and application fee. 
  • Collect all the documents carefully such as SOP, LOR, resume, and every other detail so that while applying, they are all in place. 
  • As you are done collecting all these documents, it's time now to apply for MS in Actuarial Science in Ireland.

Scholarship for MSc in Actuarial Science in Ireland

Ireland offers brilliant scholarships for MSc in Actuarial Science depending on the eligibility and other criteria. Meritorious students are always offered scholarships for Masters in Actuarial science in Ireland that can waive off the substantial cost of education. There are generally 3 kinds of scholarships for MSc in Actuarial Science in Ireland and universities do a lot of scrutiny before offering them to candidates. Scholarships for MS in Actuarial science in Ireland can waive off up to 50% of the tuition fees and can land you anything between 1000 to 4000 EUR subject to the institution.

Here is a list of scholarships for Masters in Actuarial Science in Ireland below.

Universities offers scholarship for Actuarial Science in Ireland

Name of the Scholarship

Awards

All University Centenary Scholarship Program 100% of One Year Tuition Fee
All University Open Study/Research Award Max Euro 15,000
All University Hugh Lane Fulbright Gallery Curatorial Award Max Euro 20,000
All University Government of Ireland - International Education Scholarships (GOI-IES) Euro 10,000
All University International Student Scholarship Euro 3,000 - 3500
University College Dublin (UCD) International Scholarship / Global Scholarship Euro 1,000 - 4,000
University College Cork (UCC) College of Science, Engineering and Food Science Euro 1,800 - 2,000
University College Cork (UCC) Quercus Taught Masters Academic Scholarships 50% of Tuition Fee
Dublin City University (DCU) DCU International Merit Scholarships (Fulbright) Upto Euro 2,000
Dublin City University (DCU) DCU Taught Masters Program Award (Fulbright) Max Euro 15,000
Dublin City University (DCU) DCU Merit Scholarship Upto 25% of Tuition Fee
Dublin City University (DCU) VV Giri Global Excellence Scholarship 50% - 100% of Tuition Fee
Dublin City University (DCU) Engineering and Architecture Scholarships for Non-EU Students Euro 3,000 - 10,000

Show 3+ Scholarships

Cost of Studying Masters in Actuarial Science in Ireland

Compared to the buzz and popularity of Actuarial science in Ireland, the tuition fee for MS in Actuarial science in Ireland is relatively less. Depending on the institution, the cost can vary, however, an average cost Masters in Actuarial Science in Ireland of €13,814 to €21,800 is the tuition fee to study MSc in Actuarial science in Ireland. Compared to other countries, Ireland has a relatively lower tuition fee for MS Actuarial Science and the cost of MSc Actuarial Sciene in Ireland includes a living expense of 10,000 Euro along with the tuition fee. Students take up part time jobs as they are legally eligible for 20hrs work per week and manage their expenses liberally.

Universities for Masters in Actuarial Science in Ireland

Tuition Fees for MS in Actuarial Science in Ireland

University College Dublin (UCD) €23210
University College Cork (UCC) €18490

Career Opportunities For MSc Actuarial Science in Ireland

Alternatively known as insurance consultant, An insurance advisor performs a number of functions such as intermediation, sales and other services for various transactions, compliance management, consulting or advisory role.

Actuary

An Actuary is someone that analyses data and works with statistics, using mathematical skill to assess or predict the probability of an event happening and its financial consequences. The decisions of actuaries can affect thousands of people so it is a well-paid job, with a lot of responsibility. Wherever there is risk, there are opportunities for actuaries.

Job Responsibilities of Actuary

  • Actuaries are responsible for managing risk; using analysis based on mathematics, they help organisations to plan and prepare by predicting the effects of risk and change.
  • In insurance-related areas, actuaries work to assess what levels or rates of insurance companies should set for individuals and businesses, based on the scale of risk involved.
  • Legislative and advisory work, such as reporting detailed financial forecasts to senior management, making sure the organization stays within legislation rules and managing other staff.

Financial Modeling Analyst

Financial modeling involves building conceptual models of a business or an investment product so that an analyst can then calculate, forecast or estimate financial numbers. These models can range from simple formulae to complex computer programs such as those for a Discounted Cash Flow (DCF) model or Value-at-Risk (VAR) models.

Risk Analyst

Financial institutions are required by law to constantly manage market and credit risks. Risk analysts identify and analyze the areas of potential risk threatening the success of organizations such as investment and commercial banks. They are responsible for predicting change and future trends, as well as forecasting costs. There are high degrees of specialization within the profession. Risk analysts may work in sales, origination, trading, marketing, financial services or private banking, specialising in credit, market, operational and regulatory divisions.

Professional Bodies Related to Actuary

  • Society of Actuaries in Ireland
  • Academy of Financial Trading
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FAQs:


Who can apply for MSc Actuarial Science in Ireland?

If you have a background in Finance or if you are good in math and looking for a profession into insurance, you can apply for MSc Actuarial Science.

Why should I take up MSc Actuarial science in Ireland?

An Actuary is a professional and taking up a masters degree exempts you from initial examinations of the Institute and Faculty of Actuaries (UK).

How much is the salary for Actuary in Ireland?

On an average you can make 45,000 EUR and with experience, you can make 60,000 EUR.

Will I get admit for MSc Actuarial science in Ireland?

We can analyze your profile and give you the possibilities for an admit.

Is there a special Visa for Actuaries in Ireland?

As of now there is no special Visa consideration but the profession is listed under the Critical occupation skill list.

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