Champaign,
FL,
United States
Type
Public
Degrees offered
Bachelor's Degree
MSc in Predictive Analytics and Risk Management in Urbana United States | University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
|
Urbana United States
Visit institution website
for more information
Qualification
Masters Degree
Languages
English
Delivery Mode
On-Campus
Tuition (2025)
USD
32,806
Attendance
Full-time
Full-time Duration
12 months
Created to meet the increasing need for specialists skilled in contemporary statistical methods and risk management across diverse sectors like insurance, consulting, finance, healthcare, and banking. This curriculum blends instruction in advanced statistical approaches with actuarial science fundamentals and financial risk strategies. Tailored for quantitatively prepared students, the program prepares them for predictive analytics roles in insurance and financial sectors through a comprehensive, interdisciplinary approach. Mandatory components cover three academic fields, financial risk management coursework, actuarial-focused risk and predictive analytics classes, plus instruction in statistical machine learning, big data processing, and Bayesian statistics. Students can then select relevant electives from these three disciplines to customize their learning path.
Destination of Study
Subjects of Study
Language Requirements
English
IELTS 7.5
Qualification Requirements
Applicants must have earned at least a bachelor's degree from a regionally accredited college in the United States or a comparable degree from a recognized institution of higher learning abroad. A grade point average (GPA) of 2.75 (A=4.0), or comparable GPA for an international applicant, for last two years of undergraduate study is a minimum requirement for admission. If your undergraduate study is longer than 4 years, additional semesters may be used to calculate the admission GPA.
Applicants enrolled in the final year of a bachelor's degree from an accredited college in the United States or a or comparable degree program from a recognized institution of higher learning abroad, and who meet the GPA requirements stated above will be admitted conditionally pending receipt of final academic credentials showing the undergraduate degree as conferred.
Calculus through multivariable calculus, linear algebra, and an introduction to probability and statistics.
Some training in computer programming and exposure to economics or finance are also helpful.
IELTS- 7.5, TOEFL IBT- 103
A grade point average (GPA) of 3.0 (A=4.0), or comparable GPA for an international applicant, for last two years of undergraduate study is a minimum requirement for admission.
GRE (Graduate Record Examination): The GRE general test is accepted but not required.
Transcripts: As part of the online application process you will be asked to upload a copy of your undergraduate transcript (and also graduate transcript if applicable) showing grades for the most recent semester.
Letters of Recommendation: Please arrange for three letters of recommendation to be uploaded to our online application system. Letters from professors who know you personally through a research project or industry professionals who have worked with you are the most useful.
Academic Statement of Purpose: Please include an academic statement of purpose (within 500 words) as part of your online application.
Applicants enrolled in the final year of a bachelor's degree from an accredited college in the United States or a or comparable degree program from a recognized institution of higher learning abroad, and who meet the GPA requirements stated above will be admitted conditionally pending receipt of final academic credentials showing the undergraduate degree as conferred.
Calculus through multivariable calculus, linear algebra, and an introduction to probability and statistics.
Some training in computer programming and exposure to economics or finance are also helpful.
IELTS- 7.5, TOEFL IBT- 103
A grade point average (GPA) of 3.0 (A=4.0), or comparable GPA for an international applicant, for last two years of undergraduate study is a minimum requirement for admission.
GRE (Graduate Record Examination): The GRE general test is accepted but not required.
Transcripts: As part of the online application process you will be asked to upload a copy of your undergraduate transcript (and also graduate transcript if applicable) showing grades for the most recent semester.
Letters of Recommendation: Please arrange for three letters of recommendation to be uploaded to our online application system. Letters from professors who know you personally through a research project or industry professionals who have worked with you are the most useful.
Academic Statement of Purpose: Please include an academic statement of purpose (within 500 words) as part of your online application.
Tuition
USD
32,806