MS Predictive Analytics and Risk Management at University of Illinois Urbana-Champaign

Programme overview

The MS combines modern statistical methods with actuarial science and financial risk management for students with a strong quantitative background. Core courses take an actuarial science perspective and include a case study course and an internship.

Faculty: College of Liberal Arts and Sciences | Duration: 32 credit hours; can be completed in one academic year with appropriate scheduling | Study mode: full-time | Location: Champaign, IL, United States

What you will study

32 hours with core courses and a 20-hour concentration (Enterprise Risk Management, or Financial and Insurance Analytics). Training covers statistical machine learning, big data techniques and Bayesian methods. Courses include ASRM 455 Predictive Analytics, ASRM 539 Risk Analytics and Decision Making and FIN 530 Foundations in Risk Management.

Career pathways

Careers in predictive analytics for insurance and other financial sectors, including consulting, investment, pensions, healthcare and banking.

Official programme page

Application information

Entry requirements

Minimum GPA 3.0.

Domestic applicants: USD 18,206 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: $35,502. Excludes campus and mandatory fees, health insura Source

International applicants: USD 35,502 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://grad.illinois.edu/admissions/apply

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