Actuarial Science Admissions

Degree Programs

The Illinois Actuarial Science Program offers an undergraduate curriculum that prepares 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 Actuarial Science

The Illinois Actuarial Science Program offers a master’s degree that offers students in depth coursework to prepare for professional careers in the actuarial and risk management professions.

Program Overview
Apply to the MS program
Master's degree advising notes

PhD in Mathematics -- Actuarial Science and Risk Analytics

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.

Program Overview
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 mathadvising@illinois.edu
313 Altgeld Hall, (217) 244-7310

Graduate Advising (for current students only)

Runhuan Feng, PhD, FSA, CERA
Director of Actuarial Science
actuarial-science-director@illinois.edu
374 Altgeld Hall

Graduate Admissions (prospective students only)

Marci Blocher
Assistant to the Director of Graduate Studies
math-grad@illinois.edu
267 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
Examinations
Exam P Probability	Exam 1 Probability	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 MFE Models for Financial Economics	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