Actuarial Science
University Admission 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. The unofficial transcript should be easily readable and clearly indicate degree(s) awarded, courses and course grades for each term. If accepted, official transcripts can be emailed from the university to GraduateAdmissions@IllinoisState.edu or mailed in a sealed envelope to: Illinois State University, Graduate School, 209 Hovey Hall, Campus Box 4040, Normal, IL 61790-4040.
International students can learn more about specific application requirements by visiting the Office of Admissions.
Additional Program Admission Requirements
To be considered for this program, you must meet the following requirements.
Mathematical Background
You’ll need a minimum of the following mathematics courses:
- three semesters of Calculus
- one semester of Linear Algebra
- four quantitative courses about the Calculus/Linear Algebra level (such as advanced mathematics, finance, statistics, economics, etc.)
If your transcripts do not clearly show you have this background, please explain in your statement of purpose.
Resume
Upload your resume or C.V. in the application system.
Statement of Purpose
The system will ask you to upload a statement of purpose. Include the following information:
- Your interest in pursing a graduate degree in mathematics from Illinois State
- How your academic and professional goals align
- What you hope to achieve as a graduate student in mathematics
If your background is not in mathematics, please explain in your statement.
Letters of Recommendation
Submit the name and email address for a letter of recommendation. If you’re applying for a graduate assistantship and/or partial tuition waiver, you’ll need two letters of recommendation.
Letters will be uploaded by the individuals writing them.
Letters should address your academic ability and your ability to communicate mathematics.
GRE Scores or Professional Exam Evidence
Use institutional code 1319 to submit your GRE scores to Illinois State, or alternatively, submit evidence of your successful passage from a professional society such as the Society of Actuaries or the Casualty Actuary Society.
Global Access to Online Degree Programs
When applying, international students applying to a fully online program must agree to our international online and hybrid programs disclosure and disclaimer statements. Due to limited on-campus courses, immigration documentation cannot be issued for students seeking F-1 or J-1 status.
Application Deadlines - Traditional Sequence
- Fall (August) Term — July 1
- Spring (January) Term — October 1
- Summer (May/June) Term — April 1
Application Deadlines - Online Sequence
- Fall (August) Term — July 1
- Spring (January) Term — October 1
- Summer (May/June) Term — April 1
Graduate Coordinator
| Name | Office | Phone | |
|---|---|---|---|
| Dr. Maochao Xu | Stevenson 309C | mxu2@ilstu.edu | (309) 438-7674 |
Graduate Assistantship Information
The University provides graduate assistantships as a means of financial support. They are intended as a way to facilitate a student's progress to degree while providing important professional development.
Graduate assistantships are only available for applicants seeking the traditional sequence. Applicants seeking the online sequence are not eligible for a graduate assistantship.
Eligibility
To be eligible for an assistantship a student must, generally,
- be admitted unconditionally as a degree-seeking student into a graduate academic program, or have a minimum of 120 undergraduate hours if in an integrated degree program
- be in good-standing
- be enrolled full-time (typically at least 9 credit hours during the fall or spring semesters, or at least 6 hours during the summer session).
Benefits
Graduate assistants receive
- monthly wages paid in the form of either a stipend or an hourly wage
- a waiver for 100% of tuition during a semester of appointment
- a waiver for up to 12 credit hours of tuition for the summer term immediately following a fall or spring appointment
Cost & Funding
Traditional Sequence
See Student Accounts for information on tuition and fees. Funding for graduate students is available from several different sources. Students who have been admitted from contiguous states including Iowa, Indiana, Kentucky, Michigan, Missouri, and Wisconsin will receive in-state tuition.
Online Sequence
The online Actuarial Science sequence is charged at a flat rate of $1,500 per credit hour. This rate is not based on geographic location but rather the selection of this online program. All students in the online sequence will be charged the same amount for each course until the degree is completed.