Illinois State University United States

Mathematics - Actuarial Science (B.A.)

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 4 Years
Mode On Campus
Level Undergraduate
Degree Bachelors Degree
Closing soon January 2027

Course Overview

The Mathematics - Actuarial Science (B.A.) at Illinois State University is designed for ambitious students who are drawn to the complex interplay of mathematics, statistics, and finance. You will explore how actuaries quantify and manage risk, tackling real-world problems in insurance, pensions, and social programs. This undergraduate degree provides a robust foundation in actuarial theory and practice, preparing you for a dynamic career where analytical prowess directly impacts financial strategy and societal well-being. If you possess strong quantitative skills and an interest in applying them to business challenges, this program is an excellent pathway.

You will study full-time on campus over four years, engaging with a curriculum that includes essential mathematics, statistics, economics, and actuarial science courses. The program requires a minimum of 120 credit hours, including 40 senior-level hours, ensuring you develop advanced knowledge. You will build expertise in areas like probability, financial mathematics, and risk management, culminating in a comprehensive understanding of actuarial principles. Graduates are well-prepared to pursue professional actuarial designations and embark on careers in insurance companies, consulting firms, and government agencies.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This Bachelor of Arts in Actuarial Science program provides a strong foundation in mathematics and its applications to the insurance and finance industries. Over four years, students will engage with core mathematics courses, including calculus and probability, alongside economics and accounting principles. The curriculum is designed to equip students with the analytical and quantitative skills necessary for a career in actuarial science, preparing them for professional examinations and the demands of the field.

1 First Year - Fall Semester (13-14 credit hours)

ENG 101 or COM 110 General Education
MAT 145 General Education
ECO 101
Foreign language course 111-level or University-wide elective

2 First Year - Spring Semester (13-14 credit hours)

ENG 101 or COM 110 General Education
MAT 146 General Education
Foreign language course 112-level or University-wide elective
ECO 102

3 Second Year - Fall Semester (17 credit hours)

MAT 147 B.S.–SMT course
MAT 280
ACC 131
General Education course
General Education course

4 Second Year - Spring Semester (15 credit hours)

MAT 175
MAT 350
ACC 132
IT 166 or IT 168

5 Third Year - Fall Semester (17 credit hours)

MAT 351
MAT 380
FIL 242
AMALI/General Education course
General Education course

6 Third Year - Spring Semester (17 credit hours)

MAT 352
MAT 384
FIL 250
FIL 341
General Education course

7 Fourth Year - Fall Semester (15 credit hours)

MAT 353
MAT 355 or MAT 381
MAT 383 or MAT 385
University-wide elective

8 Fourth Year - Spring Semester (13-14 credit hours)

MAT 383 or MAT 385
MAT 355 or MAT 381 or General Education course
University-wide elective
General Education course

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 27,752.00
Second Year Fee Tuition fee
USD 27,752.00
Third Year Fee Tuition fee
USD 27,752.00
Fourth Year Fee Tuition fee
USD 27,752.00
Total Program Cost Estimated total tuition
USD 111,008.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 1,000.00 - USD 1,600.00
Food & Groceries USD 3,000.00 - USD 4,560.00
Transport USD 600.00 - USD 1,200.00
Utilities & Bills USD 960.00 - USD 1,800.00
Estimated Total USD 4,560.00 - USD 7,560.00

Living cost estimates are based on Illinois Campus.

Outcomes & Employability

What happens after you graduate

91%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Banking & Financial ServicesCivil & Infrastructure EngineeringConstruction Technology & Digital SolutionsEconomic Research & PolicyFinancial Technology (Fintech)Industrial & Offshore ConstructionInsurance & Risk ManagementInvestment Management & Asset ManagementResidential ConstructionTax & Legal Compliance

Top Employers Hiring for this course

CBRE Group Inc

COUNTRY Financial®

Capital one

HUB international

State Farm

Why Study Mathematics - Actuarial Science (B.A.) at Illinois State University

What makes this program stand out

January 2027 Closing soon

Next intake is in January 2027

Very Fast Application response time

Illinois State University typically responds to applications within 1 - 2 days, giving you clarity on your options quickly.

Life at Illinois State University in United States

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Mathematics - Actuarial Science (B.A.) at Illinois State University

Can I work while studying?

International students can work up to 20 hours per week during term time and full-time during breaks. On-campus work does not require a separate work permit.

What English language score do I need for this course?

International students must meet specific English test requirements. Accepted tests include Duolingo (overall score: 105), TOEFL (overall score: 79), IELTS (overall score: 6.5), and PTE (overall score: 53).

What jobs can I get after studying this course?

Graduates can pursue careers as actuaries, risk analysts, data scientists, and pension consultants.

What will I actually study in this course?

Illinois State University's Actuarial Program is recognized as a Center for Actuarial Excellence, combining education in actuarial theory with practical application. The program offers both undergraduate and graduate degrees, focusing on financial risk assessment and insurance calculations.

When can I start — what are the intake months?

The actuarial science program has three intake months: January, May, and August. Applicants can choose any of these months to begin their studies.
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