# 2026-2027 Course Catalog
**Source**: https://catalog.illinois.edu/graduate/las/actuarial-science-ms/
**Parent**: https://catalog.illinois.edu/graduate/
*for the Master of Science in Actuarial Science*
---
The Master of Science in Actuarial Science prepares students with quantitative undergraduate degrees for actuarial professional careers. The program offers a unique blend of coursework for both professional training and advanced techniques and opportunities for experiential learning.
*for the Master of Science in Actuarial Science*
---
For additional details and requirements refer to the department's [Guide to Graduate Studies](https://math.illinois.edu/academics/graduate-program/forms-guidebooks-handbooks-life-resources) and the [Graduate College Handbook](https://grad.illinois.edu/gradhandbook).
### Non-Thesis Option
Course List
| Code | Title | Hours |
| --- | --- | --- |
| Two courses chosen from the following: | | 8 |
| [ASRM 510](https://catalog.illinois.edu/search/?P=ASRM%20510 "ASRM 510") | Financial Mathematics | |
| [ASRM 561](https://catalog.illinois.edu/search/?P=ASRM%20561 "ASRM 561") | Loss Data Analytics & Credibility | |
| [ASRM 563](https://catalog.illinois.edu/search/?P=ASRM%20563 "ASRM 563") | Risk Modeling and Analysis | |
| [ASRM 569](https://catalog.illinois.edu/search/?P=ASRM%20569 "ASRM 569") | Extreme Value Theory and Catastrophe Modeling | |
| [ASRM 575](https://catalog.illinois.edu/search/?P=ASRM%20575 "ASRM 575") | Life Insurance and Pension Mathematics | |
| Electives chosen in consultation with the faculty advisors. These electives may include additional courses from the list above. | | 24 |
| Total Hours | | 32 |
#### Other Requirements
Grad Other Degree Requirements
| Requirement | Description |
| --- | --- |
| [MATH 405](https://catalog.illinois.edu/search/?P=MATH%20405 "MATH 405"), [MATH 415](https://catalog.illinois.edu/search/?P=MATH%20415 "MATH 415"), [MATH 444](https://catalog.illinois.edu/search/?P=MATH%20444 "MATH 444"), and [MATH 499](https://catalog.illinois.edu/search/?P=MATH%20499 "MATH 499") cannot be counted toward this graduate degree. | |
| Minimum hours required within ASRM: | 20 |
| Minimum GPA: | 3.0 |
| Minimum 500-level hours required overall: | 12 |
### Thesis Option
Course List
| Code | Title | Hours |
| --- | --- | --- |
| Two courses chosen from the following: | | 8 |
| [ASRM 510](https://catalog.illinois.edu/search/?P=ASRM%20510 "ASRM 510") | Financial Mathematics | |
| [ASRM 561](https://catalog.illinois.edu/search/?P=ASRM%20561 "ASRM 561") | Loss Data Analytics & Credibility | |
| [ASRM 563](https://catalog.illinois.edu/search/?P=ASRM%20563 "ASRM 563") | Risk Modeling and Analysis | |
| [ASRM 569](https://catalog.illinois.edu/search/?P=ASRM%20569 "ASRM 569") | Extreme Value Theory and Catastrophe Modeling | |
| [ASRM 575](https://catalog.illinois.edu/search/?P=ASRM%20575 "ASRM 575") | Life Insurance and Pension Mathematics | |
| Electives chosen in consultation with the faculty advisors. These electives may include additional courses from the list above. | | 20 |
| Thesis Research (min/max applied toward degree) | | 4 |
| Total Hours | | 32 |
#### Other Requirements
Grad Other Degree Requirements
| Requirement | Description |
| --- | --- |
| [MATH 405](https://catalog.illinois.edu/search/?P=MATH%20405 "MATH 405"), [MATH 415](https://catalog.illinois.edu/search/?P=MATH%20415 "MATH 415"), [MATH 444](https://catalog.illinois.edu/search/?P=MATH%20444 "MATH 444"), and [MATH 499](https://catalog.illinois.edu/search/?P=MATH%20499 "MATH 499") cannot be counted toward this graduate degree. | |
| Minimum hours required within ASRM: | 20 |
| Minimum GPA: | 3.0 |
| Minimum 500-level hours required overall: | 12 |
*for the Master of Science in Actuarial Science*
---
1. Acquire the mathematical and statistical foundation needed to assess risks.
2. Devise and implement actuarial models for life and nonlife applications.
3. Use appropriate software to collect, clean and analyze data relevant to actuarial modeling.
4. Communicate technical findings clearly and efficiently.
5. Complement the academic credentials with professional designations.
6. Be acquainted with the Actuarial Code of professional conduct.
\
*for the Master of Science in Actuarial Science*
---
## Graduate Degree Programs in Mathematics
- [Actuarial Science, MS](https://catalog.illinois.edu/graduate/las/actuarial-science-ms/)
- [Applied Mathematics, MS](https://catalog.illinois.edu/graduate/las/applied-mathematics-ms/)
- [Mathematics, MS](https://catalog.illinois.edu/graduate/las/mathematics-ms/)
- [Predictive Analytics and Risk Management, MS](https://catalog.illinois.edu/graduate/las/predictive-analytics-risk-management-ms/)
- [Enterprise Risk Management](https://catalog.illinois.edu/graduate/las/predictive-analytics-risk-management-ms/enterprise-risk-management/)
- [Financial and Insurance Analytics](https://catalog.illinois.edu/graduate/las/predictive-analytics-risk-management-ms/financial-insurance-analytics/)
- [Mathematics, PhD](https://catalog.illinois.edu/graduate/las/mathematics-phd/)
- optional concentrations:
- [Actuarial Science & Risk Analytics](https://catalog.illinois.edu/graduate/las/mathematics-phd/actuarial-science-risk-analytics/)
- [Computational Science and Engineering](https://catalog.illinois.edu/graduate/engineering/concentration/computational-science-engineering/)
- [Teaching of Mathematics, MS](https://catalog.illinois.edu/graduate/las/teaching-mathematics-ms/)
*for the Master of Science in Actuarial Science*
---
## **Actuarial Science and Risk Management**
Director: Feng Liang\
[Program website](https://asrm.illinois.edu/)\
[ASRM faculty](https://asrm.illinois.edu/directory/faculty)
264 Computing Applications Bldg., MC-382, 605 E Springfield Ave, Champaign, IL 61820\
(217) 300-5630\
Email: [ASRM-advising@illinois.edu](mailto:ASRM-advising@illinois.edu)
## **College of Liberal Arts & Sciences**
[College of Liberal Arts & Sciences website](https://las.illinois.edu/)
## **Admissions**
[ASRM MS Admissions & Requirements](https://asrm.illinois.edu/ms-in-actuarial-science)\
[Graduate College Admissions & Requirements](https://grad.illinois.edu/admissions/apply)