MS Financial Engineering at University of Illinois Urbana-Champaign

Programme overview

The quantitative techniques may include Mathematics, Statistics, Computer Science, Machine Learning, Neural Nets, and generalized Data Analytics. The applications include searching for opportunities as well as deriving solutions to financial problems. All financial markets are a subject for FE, from public exchanges to private over-the-counter markets.

Study mode: full-time | Location: Champaign, IL, United States

What you will study

Requires 36 credit hours. Required courses listed include FIN 500 Introduction to Finance; FIN 512 Financial Derivatives; FIN 516 Term Structure Models; FIN 553 Machine Learning in Finance; IE 522 Statistical Methods in Finance.

Official programme page

Application information

Entry requirements

Applicants to the MSFE Program will have a Bachelor’s degree with one year of calculus, one semester of linear algebra, one semester of programming (preferably in C/C++), and one semester of probability and statistics. Knowledge of basic finance and economics is helpful but not necessary. Given its technical emphasis, applicants to this program typically will have completed a Bachelor’s degree in an engineering field, mathematics, physics, computer science, or economics that provides sufficient preparation to facilitate a fast-paced, in-depth learning environment. All applicants are expected to have a minimum grade point average of at least 3.25 (A=4.00) for the last two years of undergraduate study and a 3.50 for any previous graduate work completed. Scores on the Graduate Record Examination (GRE) general test are not required of applicants, but can be submitted. GMAT scores

Domestic applicants: USD 34,400 a year (2026-27). Illinois resident rate. Tuition only for new and continuing graduate students, Fall 2026-Spring 2027 at full-time (12 credit hours per term). Non-Illinois U.S. resident tuition for this programme: $47,100. Excludes campus and mandatory fees, health insura Source

International applicants: USD 47,100 a year (2026-27). International rate. Tuition only for new and continuing graduate students, Fall 2026-Spring 2027 at full-time (12 credit hours per term). Excludes campus and mandatory fees, health insurance, housing and other expenses as the source states them separately Source

Not all graduate programmes offer admission in all terms; term availability is set by each programme of study.

Graduate applicants apply online through the Graduate College application; deadlines and term availability are set by each programme. Medicine, law and veterinary medicine applicants apply directly to their colleges.

Apply through the official page: https://msfe.illinois.edu/admissions

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