The University of Illinois Actuarial Science Program, one of the largest programs in the U.S., is housed in the Department of Mathematics. The program prepares students for careers as actuaries and enterprise risk analysts. The program curriculum reflects the interdisciplinary nature of actuarial science, allowing students to receive not only essential actuarial training, but also to take a variety of courses in mathematics, statistics, economics, finance and computer science.

The Illinois Actuarial Science Program has been named a Center of Actuarial Excellence by the Society of Actuaries (SOA), one of a few such programs in the U.S. to be so recognized. The designation is earned by meeting stringent requirements and qualifications regarding quality of degree program and curriculum at the undergraduate and graduate levels, faculty composition, connections to industry, and research/scholarship.