Actuarial Science

College of Liberal Arts & Sciences


What is Actuarial Science?

Actuarial Science is a field that combines other fields to find the numbers behind risks and contingencies. In this major, you’ll enjoy the program’s strong foundation of mathematics and receive training in probability modeling. You’ll also learn important skills in math, data analysis, economics, statistics, and finance. With this degree, you’ll be able to determine the risk of certain actions in any industry. Using that information, you will consult on whether those plans are the best course of action.

Career Options

  • Actuarial science
  • Data analysis
  • Quantitative financial analysis
  • Predictive modeling
  • Risk analysis
  • Risk management

Post-Graduation Success1

85% employed or continuing education

69% employed after graduation

16% attending graduate school

$61,563 average starting annual income

Sample employer destinations: Willis Towers Watson, PricewaterhouseCoopers (PwC), Mercer View All

Sample grad school destinations: Columbia University, University of Illinois at Urbana-Champaign, University of California, Berkeley View All

Review Criteria

First-Year Major-Specific Criteria

  • Calculus preferred (if available at high school)
  • Demonstrated understanding of and interest in the major

View All Review Criteria

Transfer Criteria

Transfer Guide

Graduation & Retention2

3.8 years to degree

95% first-year retention rate

85% four-year graduation rate

96% six-year graduation rate

Annual Program Costs3

Illinois Resident

  • Tuition: $12,712
  • Fees: $4,928
  • Expenses: $18,222
  • Total: $35,862


  • Tuition: $31,832
  • Fees: $4,928
  • Expenses:$18,562
  • Total: $55,322


  • Tuition: $34,280
  • Fees: $4,928
  • Expenses: $18,562
  • Total: $57,770