Mathematics Actuarial Science, M.S.
The Master of Science in Mathematics—Actuarial Science at Governors State University prepares students to analyze financial risk using advanced mathematics, statistics, and business principles for careers in insurance, finance, and risk management. The curriculum integrates advanced mathematics—including probability, statistics, and calculus—with applied coursework in finance, economics, and risk management, reflecting the interdisciplinary nature of actuarial work.
Students develop strong problem-solving and modeling skills while preparing for professional actuarial certification exams, an essential step in the field. The program emphasizes real-world application, helping students translate mathematical theory into practical decision-making in industries such as insurance, investment, and financial services. With flexible scheduling and a focused curriculum, students can complete the degree efficiently while building expertise that is in high demand across multiple sectors.
Career Outcomes
Graduates of the Actuarial Science program are prepared for high-demand careers that focus on analyzing and managing financial risk. Actuaries apply mathematical and statistical methods across industries such as insurance, finance, government, and consulting.
- Actuary – $113,000 (median)
- Risk Analyst / Enterprise Risk Analyst – $75,000–$120,000
- Insurance Underwriter – $77,000 (median)
- Financial Analyst – $96,000 (median)
- Pension Analyst / Retirement Consultant – $70,000–$110,000
- Data Analyst (Risk / Finance) – $75,000–$110,000
What You'll Study
Our academic catalog has detailed information about what you'll study, like courses, hours needed for completion, and other requirements.
How to Apply
You'll need certain documents and meet certain requirements in order to apply. Read about them on our admissions pages.
Financial Aid and Scholarships
Graduate students at GovState may be eligible for a variety of financial assistance options, including graduate assistantships, tuition waivers, federal financial aid, and scholarships. Many students also receive funding through teaching or research roles within the department, helping offset tuition while gaining valuable professional experience.
Get Involved
Actuarial Science students are encouraged to engage with professional organizations and applied experiences that support exam preparation, industry awareness, and career development.
Professional & Academic Organizations
- Society of Actuaries — Learn more
- Casualty Actuarial Society — Learn more
- Gamma Iota Sigma — Learn more
Campus & Experiential Engagement
- Participate in internships with insurance companies, financial institutions, or consulting firms.
- Engage in actuarial exam preparation and study groups to build readiness for professional certification.
- Attend industry panels, networking events, and career workshops focused on risk management and finance.
- Apply mathematical modeling skills through applied projects in finance, insurance, or data analysis.
Highlighted Faculty
Contact Us
- Division of Science, Mathematics, & Technology
- College of Arts and Sciences, F2401
- Governors State University, 1 University Parkway, University Park, IL 60484
- 708.534.4521
- cas-dsmt@govst.edu