Illinois State University United States

Mathematics - Actuarial Science (M.S.)

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 2 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon August 2027

Course Overview

The Mathematics - Actuarial Science (M.S.) at Illinois State University is designed for aspiring actuaries seeking to master the quantitative and analytical skills essential for a successful career in risk assessment and financial modeling. You will delve into advanced mathematical concepts, statistical methods, and the practical application of actuarial principles, preparing you to meet the rigorous demands of the actuarial profession. This postgraduate program provides a robust foundation in areas like probability, financial mathematics, and statistical modeling, equipping you with the knowledge to analyze complex financial risks and make informed strategic decisions.

This Master of Science degree is studied full-time on campus over two years, offering a comprehensive curriculum that includes specialized actuarial science sequences and advanced mathematics courses. You will engage with topics such as stochastic processes and regression analysis, alongside practical applications relevant to the Society of Actuaries and Casualty Actuarial Society professional standards. You will graduate with the analytical expertise and problem-solving abilities necessary to pursue roles as an actuary in insurance, finance, and consulting industries, ready to tackle challenging professional examinations.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

The Master of Science in Mathematics with a specialization in Actuarial Science program equips students with the advanced mathematical and statistical knowledge essential for a career in actuarial science. This program focuses on developing a strong foundation in probability, statistics, financial mathematics, and risk management. Graduates will be prepared to tackle complex actuarial problems, pursue professional designations, and contribute to the insurance and financial services industries.

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 15,798.00
Second Year Fee Tuition fee
USD 15,798.00
Total Program Cost Estimated total tuition
USD 31,596.00

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

Accounting & AuditingBanking & Financial ServicesConstruction Technology & Digital SolutionsEconomic Research & PolicyElectrical & Mechanical InstallationEnvironmental & Sustainable ConstructionIndustrial & Offshore ConstructionProject & Construction ManagementQuantity Surveying & Cost EstimationReal Estate Development

Top Employers Hiring for this course

CBRE Group Inc

COUNTRY Financial®

Capital one

HUB international

State Farm

Why Study Mathematics - Actuarial Science (M.S.) at Illinois State University

What makes this program stand out

August 2027 Closing soon

Next intake is in August 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 (M.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 work doesn’t require separate permits.

What English language score do I need for this course?

Applicants must meet specific English test requirements. Acceptable tests include Duolingo, TOEFL, IELTS, and PTE, with minimum scores varying by test.

What jobs can I get after studying this course?

Actuary, Risk Analyst, Consultant, Data Scientist, Underwriter.

What will I actually study in this course?

The Actuarial Science Program at Illinois State offers high-quality education in actuarial theory and a commitment to professionalism. You can complete the M.S. on-campus or online while preparing for professional actuarial exams.

When can I start — what are the intake months?

The intake month for the Actuarial Science (M.S.) program is August. Make sure to prepare your application in advance to meet the deadlines.
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