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Master's in Actuarial Science (MS)

Actuarial science applies probability theory and risk management to the areas of life and health insurance, property and casualty insurance, pension plans, and other employee benefit plans. Students who seek a graduate degree in actuarial science may have earned an undergraduate degree in mathematics, finance, economics, computer science, or other related field. Roosevelt will accept its first graduate actuarial science cohort in Fall 2017.

Location: Chicago
Start Term: Fall, Spring
Program Type: Master's
Risk analysts and actuaries, who evaluate the long-term financial impact of these plans on both the issuing company and the purchaser or beneficiary of the plan, are employed by insurance companies, consulting firms, large corporations and governmental agencies. The major in actuarial science emphasizes the mathematical theory that underlies risk evaluation.
Sivling Lam
, Admission Counselor

What Differentiates Us

A History of Success

A History of Success

Our students and alumni pass actuarial exams at an impressive rate (more than 140 exams over a five-year period, an average of more than 28 exams per year).

Small Classes

Small Classes

Classes are small, with 10-25 students, which means you’ll receive personal attention.

Expectations & Requirements


Our actuarial science courses and degree programs (the BA, the BS and the MS) are designed with the requirements for certification by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) in mind. The actuarial science courses in the curriculum cover most of the topics in the syllabi of the first set of SOA and CAS exams and will take courses that fulfill necessary requirements for Validation by Educational Experience (VEE). Students will have a chance to network with actuaries that are employed in the industry and learn about professional skills and culture. Students have the opportunity to work on an intensive modeling project with an industrial partner.

Sample Courses

  • Actuarial Mathematics I & II
  • Actuarial Science Seminar P/I
  • Actuarial Science Seminar FM/2
  • Advanced Probability

More Opportunities

Clubs & Activities

We offer an active Actuarial Science Club, which organizes study sessions, resume writing workshops, meetings with practicing actuaries, and an actuarial career fair.


“The Roosevelt University Actuarial Science Program, one of the top programs in the Midwest area, is housed in the Department of Mathematics. The program helps the students to achieve their career goals in risk analysis and risk management.”
Wanwan Huang
​Assistant Professor, Actuarial Science,

  • Online Application
  • $40 Application Fee
  • Official transcripts from all previously attended colleges/universities within the United States. Coursework completed outside the U.S. requires a Foreign Credential Evaluation to be submitted.
  • English Language Proficiency: All international students and individuals who completed a degree program outside the United States are required to meet this requirement. 
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