M.Sc. On Campus Online

Mathematics - Actuarial Science

12 months
838 USD/credit 27654 USD/year
838 USD/credit 27654 USD/year
404 USD/credit 13332 USD/year
Tuition fee
Apply date
Start date


The Mathematics - Actuarial Science Program at Illinois State University combines high quality education in all areas of actuarial theory with serious commitment to actuarial practice and professionalism.


We offer two ways to complete the M.S. in Mathematics - Actuarial Science Program at Illinois State University; traditional (on-campus) or online. The actuarial science program is designed to support you as you prepare to pass the professional exams set by the two major societies for Actuaries in the U.S. or to take similar exams from similar societies elsewhere. 

Traditional Sequence

The traditional sequence is offered on-campus located in Normal, IL and courses are conducted during the day. During the last year of your program, a culminating experience is completed locally within in Illinois. 

Online Sequence

The online Actuarial Science sequence offers the same quality program taught by our faculty, but courses are offered in real-time (synchronous) accompanied by independent coursework.

The courses are generally offered in the evenings (Central US Time Zone) during the week. The online program provides you with the flexibility of completing courses part-time for a flat fee per credit hour.

Programme Structure

Courses include:

  • Statistics and Data Analysis
  • Actuarial Models
  • Mathematical Models in Finance and Investments 
  • Applications of Actuarial Principles 
  • Statistical Learning and Data Mining
  • Fundamentals Of Econometrics 

Key information


  • Full-time
    • 12 months
  • Part-time
    • 24 months

Start dates & application deadlines


33 SCH


On Campus, Online

Academic requirements

GPA admission requirements GPA
GRE admission requirements GRE®

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Start from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Illinois State University and/or in United States, please visit Student Insurance Portal.

Other requirements

General requirements

A student applying to a master's program must:

  • have earned a four-year bachelor's degree or its equivalent from a college or university that is accredited by the appropriate regional accrediting association, or do so within one academic year
  • have a minimum 3.2 GPA (on a scale in which an A is a 4.0) for the last 60 hours of undergraduate work
  • present unofficial transcripts from each college or university other than Illinois State at which graduate, undergraduate, or non-degree credit was earned. 
  • Upload your resume or C.V. in the application system.
  • The system will ask you to upload a statement of purpose
  • Submit the name and email address for a letter of recommendation. 
  • Use institutional code 1319 to submit your GRE scores to Illinois State.

Tuition Fee

To alway see correct tuition fees
  • International

    27654 USD/year
    Tuition Fee
    Based on the tuition of 838 USD per credit during 12 months.
  • National

    27654 USD/year
    Tuition Fee
    Based on the tuition of 838 USD per credit during 12 months.
  • In-State

    13332 USD/year
    Tuition Fee
    Based on the tuition of 404 USD per credit during 12 months.

Living costs for Normal

1100 - 1500 USD /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Mathematics - Actuarial Science
Illinois State University


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