UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGN · UNITED STATES
Master of Science in Predictive Analytics and Risk Management
Master's · Taught in en
At a glance
12 mo
Duration
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IELTS
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Tuition / yr
en
Language
Master's
Level
- 32 credit hoursProgram Size
- 1 academic yearCompletion Time
- 2 concentrations availableSpecializations
- 3.0 minimum GPAAcademic Requirement
- At least 12 hours at 500-levelCourse Level
The Master of Science in Predictive Analytics and Risk Management is designed for individuals seeking to develop advanced analytical skills for risk management across various industries, including insurance, consulting, investment, healthcare, and financial services. This program combines modern statistical methods with principles of actuarial science and financial risk management, preparing students for careers in predictive analytics within these sectors. Students will gain expertise in statistical machine learning, big data techniques, and Bayesian statistical methods. The curriculum offers a multidisciplinary approach, with core requirements, a case study, and an optional internship. Students can further specialize through electives in related disciplines, tailoring the program to their specific career goals.
Curriculum
The 32-credit-hour program can be completed in one academic year. It includes 12 credit hours of major requirements and 20 credit hours for a chosen concentration. A minimum of 12 credit hours must be completed at the 500-level.
- Core Requirements (12 hours)
- Investments and Financial MarketsASRM 410
- Predictive AnalyticsASRM 455
- Risk Analytics and Decision MakingASRM 539
- Graduate Internship (or ASRM 490)ASRM 593
- Foundations in Risk ManagementFIN 530
- Concentration Requirements (20 hours)
- Enterprise Risk Management Concentration
- Financial and Insurance Analytics Concentration
Careers
Graduates will be equipped to assess risks, devise management strategies, and apply statistical learning techniques to big data in the financial and insurance sectors. The program aims to prepare students for roles requiring analytical and risk management expertise.
- Risk Analyst
- Data Scientist
- Actuarial Analyst
- Financial Analyst
- Insurance Analyst
- Predictive Modeler
Frequently asked questions
- What are the admission requirements for the Master of Science in Predictive Analytics and Risk Management program?
- Applicants need a strong quantitative background and a minimum GPA of 3.0. International students must also demonstrate sufficient financial support to cover their studies.
- How long does the Master of Science in Predictive Analytics and Risk Management program take to complete?
- The program is designed to be completed in one academic year, requiring 32 credit hours.
- What are the career prospects after graduating from this program?
- Graduates can pursue roles such as Risk Analyst, Data Scientist, Actuarial Analyst, Financial Analyst, Insurance Analyst, and Predictive Modeler in sectors like finance, insurance, and consulting.
- What are the tuition fees for international students?
- Tuition fees for international students are not specified in the provided program data.
- How can I apply to this program?
- To apply, visit the Graduate College admissions website, review program-specific requirements, submit the online application with supporting documents, and provide proof of financial support for international students.
- Are there any specific concentrations within the program?
- Yes, students can choose between two concentrations: Enterprise Risk Management or Financial and Insurance Analytics.
Entry requirements
Previous DegreeA strong quantitative background is required.
GPAMinimum GPA of 3.0
All admitted international candidates must demonstrate sufficient funding to cover their expenses during their studies to obtain a visa. The Graduate College will not process applications until funding documents are received.
Fees
Tuition (international)Tuition fees are not specified in the provided text.
Tuition (home)Tuition fees are not specified in the provided text.
LivingEstimated living costs are not specified in the provided text.
International applicants must be prepared to demonstrate self-funding for their entire period of study to obtain a visa. Funding documents are required before the application can be processed by the Graduate College.
How to apply
1. Visit Graduate College AdmissionsExplore the Graduate College admissions website for comprehensive information on applying to graduate programs at the University of Illinois Urbana-Champaign.
2. Review Program-Specific RequirementsCheck the program's admission requirements and overview on the Predictive Analytics and Risk Management website.
3. Submit ApplicationComplete and submit the online graduate application form through the Graduate College admissions portal.
4. Provide Supporting DocumentsUpload all required supporting documents as part of the online application. This typically includes academic transcripts, letters of recommendation, and a statement of purpose.
5. Demonstrate Financial SupportInternational applicants must submit documentation proving they can fully support themselves financially during their studies. This is a mandatory step for visa purposes and for application processing by the Graduate College.
Frequently asked questions
What are the admission requirements for the Master of Science in Predictive Analytics and Risk Management program?
+
Applicants need a strong quantitative background and a minimum GPA of 3.0. International students must also demonstrate sufficient financial support to cover their studies.
How long does the Master of Science in Predictive Analytics and Risk Management program take to complete?
+
The program is designed to be completed in one academic year, requiring 32 credit hours.
What are the career prospects after graduating from this program?
+
Graduates can pursue roles such as Risk Analyst, Data Scientist, Actuarial Analyst, Financial Analyst, Insurance Analyst, and Predictive Modeler in sectors like finance, insurance, and consulting.
What are the tuition fees for international students?
+
Tuition fees for international students are not specified in the provided program data.
How can I apply to this program?
+
To apply, visit the Graduate College admissions website, review program-specific requirements, submit the online application with supporting documents, and provide proof of financial support for international students.
Are there any specific concentrations within the program?
+
Yes, students can choose between two concentrations: Enterprise Risk Management or Financial and Insurance Analytics.