MS Actuarial Science at University of Illinois Urbana-Champaign

Programme overview

The MS in Actuarial Science prepares students with quantitative undergraduate degrees for actuarial professional careers. It combines professional training, advanced techniques and experiential learning.

Faculty: College of Liberal Arts & Sciences | Department: Actuarial Science and Risk Management | Duration: 32 credit hours (thesis or non-thesis option) | Study mode: full-time | Location: Champaign, IL, United States

What you will study

8 hours of core courses plus electives (24 hours non-thesis, or 20 hours plus 4 hours of thesis research). Students take two core courses from ASRM 510 Financial Mathematics, ASRM 561 Loss Data Analytics & Credibility, ASRM 563 Risk Modeling and Analysis, ASRM 569 Extreme Value Theory and Catastrophe Modeling and ASRM 575 Life Insurance and Pension Mathematics.

Career pathways

Actuarial professional careers.

Official programme page

Application information

Entry requirements

Applicants hold a quantitative undergraduate degree.

Domestic applicants: USD 14,908 a year (2026-27). Illinois resident rate. Tuition only for new and continuing graduate students, Fall 2026-Spring 2027 at full-time (12 credit hours per term). Non-Illinois U.S. resident tuition for this programme: $32,204. Excludes campus and mandatory fees, health insura Source

International applicants: USD 32,204 a year (2026-27). International rate. Tuition only for new and continuing graduate students, Fall 2026-Spring 2027 at full-time (12 credit hours per term). Excludes campus and mandatory fees, health insurance, housing and other expenses as the source states them separately Source

Not all graduate programmes offer admission in all terms; term availability is set by each programme of study.

Graduate applicants apply online through the Graduate College application; deadlines and term availability are set by each programme. Medicine, law and veterinary medicine applicants apply directly to their colleges.

Apply through the official page: https://asrm.illinois.edu/ms-in-actuarial-science

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