Studyportals

Actuarial Science

University of Illinois at Urbana Champaign

Bachelor On Campus
48 months
Duration
30594 USD/year
29704 USD/year
12254 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

Actuarial Science offered by the University of Illinois at Urbana Champaign is quantification of risk – actuaries use tools from statistics, economics and finance to measure and quantify risk.

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.

Programme 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

Language

English
TOEFL admission 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 admission requirements 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
Start practicing IELTS today!

Credits

120 alternative credits

Delivered

On Campus

Academic requirements

GPA admission 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 admission 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 admission requirements 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
Start practicing IELTS today!

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

  • International

    30594 USD/year
    Tuition Fee
    Based on the original amount of 30594 USD per year and a duration of 48 months.
  • National

    29704 USD/year
    Tuition Fee
    Based on the original amount of 29704 USD per year and a duration of 48 months.
  • In-State

    12254 USD/year
    Tuition Fee
    Based 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.

Due for update

Updated over a year ago

Check the official programme website for potential updates.

Our partners

Actuarial Science
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University of Illinois at Urbana Champaign

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