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Overview
Actuaries are in demand because they are experts in assessing and managing risk. The actuarial curriculum at Illinois will prepare you for a rewarding career in the financial services industry or a related field.
The Actuarial Science Program at the University of Illinois at Urbana Champaign, housed in the Department of Mathematics, curriculum reflects the interdisciplinary nature of actuarial science, allowing students to receive not only essential actuarial training, but also to take a variety of courses in mathematics, statistics, economics, finance and computer science.
We have been named a Center of Actuarial Excellence by the Society of Actuaries (SOA), one of a few such programs in the U.S. to be so recognized. The designation is earned by meeting stringent requirements and qualifications regarding quality of degree program and curriculum at the undergraduate and graduate levels, faculty composition, connections to industry, and research/scholarship.
The Casualty Actuarial Society (CAS) has also selected the University of Illinois as an inaugural winner of the prestigious University Award, recognizing its exemplary work in preparing students for a career in the property and casualty insurance industry.
Tradition And Strengths
The Department of Mathematics at Illinois has a rich history of being home to many world-renowned founding fathers of modern probability theory. The probability theory has given rise to revolutionizing development in finance and actuarial science. Built on such a strong tradition, the Illinois Actuarial Science Program is uniquely positioned to offer rigorous training on probability modeling.
Our program also works closely with the Department of Statistics to offer training on statistics and data analytics. It is one of very few actuarial programs in the world that provides comprehensive training on both casualty actuarial science, which has been traditionally statistics focused, and life insurance mathematics, which concentrates on probabilistic applications.
Get more details
Visit official programme websiteProgramme Structure
Courses include:
- Theory of Interest
- Introduction to Actuarial Research
- Actuarial Problem Solving
- Actuarial Internship
- Actuarial Statistics
Key information
Duration
- Full-time
- 48 months
Start dates & application deadlines
- Starting
- Apply before
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Language
English
TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30. 103
IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading). 7.5
Credits
120 alternative credits
Delivered
On Campus
Disciplines
Mathematics Actuarial Science View 1749 other Masters in Mathematics in United StatesAcademic requirements
GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems. 3.5
English requirements
TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30. 103
IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading). 7.5
Other requirements
General requirements
National
- High school transcript
- Test score results (ACT, SAT)
- Application fee (Domestic $50 ; International $75)
International
- To be considered for admission, you must complete a program of study that qualifies you for admission to selective universities in your own country. Freshman applicants must report their academic credentials when they apply.
Tuition Fee
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International
30594 USD/yearTuition FeeBased on the original amount of 30594 USD per year and a duration of 48 months. -
National
29704 USD/yearTuition FeeBased on the original amount of 29704 USD per year and a duration of 48 months. -
In-State
12254 USD/yearTuition FeeBased on the original amount of 12254 USD per year and a duration of 48 months.
LAS International Rate: $32,094
Funding
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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Due for update
Updated over a year ago
Check the official programme website for potential updates.