Illinois State University United States

Mathematics - Actuarial Science (B.S.)

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.S.) at Illinois State University is designed for students eager to apply advanced mathematical principles to the complex world of risk assessment and financial security. As an undergraduate program recognized as a Center for Actuarial Excellence, you will delve into the core theories and practical applications that actuaries use to quantify future risks, particularly in insurance and pension systems. This rigorous Bachelor of Science degree equips you with the analytical and quantitative skills essential for a dynamic career where you'll help organizations manage uncertainty and ensure financial stability.

You will study this program full-time on campus over four years, engaging with a curriculum that balances foundational mathematics with specialized actuarial coursework, including probability, statistics, and financial mathematics. The syllabus outlines a structured progression, requiring a minimum of 120 credit hours with significant senior-level coursework in mathematics and related fields like accounting. You will develop expertise in areas such as financial modeling and risk management, preparing you to graduate with the knowledge and problem-solving abilities sought by insurance companies, consulting firms, and government agencies.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

The Bachelor of Science in Actuarial Science program provides a robust foundation in mathematics and its applications to the insurance and finance industries. Students will engage with core mathematical concepts, including calculus and statistics, alongside economics and accounting principles. This curriculum is designed to prepare graduates for careers in actuarial roles, focusing on risk assessment and financial modeling.

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

Brokerage & Trading & SecuritiesCommercial & Industrial ConstructionConstruction Technology & Digital SolutionsCorporate Finance & TreasuryEnvironmental & Sustainable ConstructionFinancial Technology (Fintech)Industrial & Offshore ConstructionPrivate Equity & Venture CapitalTax & Legal ComplianceWealth Management & Financial Advisory

Top Employers Hiring for this course

CBRE Group Inc

COUNTRY Financial®

Capital one

HUB international

State Farm

Why Study Mathematics - Actuarial Science (B.S.) 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.S.) 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 jobs don't require a separate work permit.

What English language score do I need for this course?

To enroll, international students need to meet specific English test requirements. Acceptable scores include a Duolingo overall score of 105 or equivalent scores from TOEFL, IELTS, or PTE.

What jobs can I get after studying this course?

Graduates can pursue careers as actuaries, risk analysts, data scientists, insurance underwriters, or pension consultants.

What will I actually study in this course?

Illinois State University's Actuarial Program is recognized as a Center for Actuarial Excellence. It offers a Bachelor and Master's degree, focusing on actuarial theory and professional practice.

When can I start — what are the intake months?

The Actuarial Science program accepts students three times a year: in January, May, and August. Ensure you apply before the intake deadlines for your desired start date.
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