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Society of Actuaries Center for Actuarial Excellence
Casualty Actuarial Society


Degree Programs

The Illinois Actuarial Science Program offers both undergraduate and graduate degrees that prepare students for professional or academic careers in the actuarial and risk management professions.

Bachelor of Science in Actuarial Science

Curriculum and requirements
Undergraduate advising notes
On-campus transfer information (UI students only)
Off-campus transfer information

Department Distinction

Graduation with distinction will be awarded on the basis of overall performance, including, e.g., grade-point average and the passing of professional actuarial exams.

Master of Science in Applied Mathematics: Actuarial Science

Apply to the MS program
Curriculum and requirements
Master's degree advising notes

Doctor of Philosophy in Mathematics

We accept PhD students with research interests in actuarial and financial mathematics. This selective program is designed for students with superb quantitative skills who intend to pursue research careers in insurance and financial industries or in academia. Students may specialize in the Concentration in Actuarial Science and Risk Analytics.

Apply to the PhD program
Curriculum and requirements
Financial support for PhD students

Undergraduate Advising

Alison Champion, MS (Associate Director of Undergraduate Studies)
Corrie Proksa, FSA
A.J. Schmidt, ARM, MS
Ernesto Machado, MS

Contact these advisers at
313 Altgeld Hall, (217) 244-7310

Graduate Advising

Runhuan Feng, PhD, FSA, CERA
Director of Actuarial Science
374 Altgeld Hall

Correspondence between UI courses and professional actuarial exams
Although not part of the formal degree requirements, actuarial science students at both undergraduate and graduate levels who are planning to undertake an actuarial career should consider the taking of professional actuarial exams to be a core component of their preparation.

Society of Actuaries

Casualty Actuarial Society

U of I Courses


Exam P

Exam 1

MATH 408

Exam FM
Financial Mathematics

Exam 2
Financial Mathematics

MATH 210

Exam MFE
Models for Financial Economics

Exam S
Statistics and
Probabilistic Models

(To be offered
in Spring 2017)

Exam 3F
Models for
Financial Economics

MATH 476

Exam MLC
Models for Life Contingencies


MATH 471
MATH 472

Exam C
Construction and Evaluation of Actuarial Models

Exam 4
Construction and Evaluation of Actuarial Models

MATH 478


Exam 5
Basic Techniques for Ratemaking and Estimating Claim Liabilities

MATH 479

Validation by Educational Experience

VEE – Corporate Finance

VEE – Corporate Finance

FIN 221 or FIN 321

VEE – Economics

VEE – Economics

ECON 102 and ECON 103

VEE – Applied Statistics


MATH 469

Casualty Actuarial Society Syllabus of Basic Education

Society of Actuaries Education Requirements

Other links

Actuarial Science Club
What is an Actuary?

So, You Want to Be an Actuary
Be An Actuary
Casualty Actuarial Society
Society of Actuaries