MS in Financial Engineering at University of Illinois at Urbana-Champaign (UIUC)

The University of Illinois at Urbana-Champaign (UIUC) is home to a renowned College of Business, which offers a Master of Science in Financial Engineering. This program spans 15 months, providing students with a comprehensive education in financial strategies and engineering principles. The tuition fee for this course is USD 46,400. To enroll, international students must demonstrate English language proficiency by submitting IELTS or TOEFL scores. Additionally, applicants are expected to have a minimum graduation CGPA of 3.5 out of 4. This rigorous program is designed to equip students with the skills needed to excel in the competitive field of financial engineering. According to GyanDhan Grading, this course is highly rated for its curriculum and industry relevance, making it an excellent choice for aspiring financial engineers.

12th Grade

No specific cutoff is mentioned for 12th grade.

Graduation

Applicants need a bachelor’s degree, or an equivalent degree, usually in engineering, mathematics, physics, computer science, or economics. They should have a minimum GPA of 3.25 for the last two years of undergraduate study and a GPA of 3.50 for any completed graduate work. Required subjects include Calculus, Probability and Statistics, Linear Algebra and Differential Equations, and Programming (preferably in C/C++). Basic finance knowledge is helpful but not required.

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IELTS

Marks: 7.0

A minimum score of 6.0 in each section is required.

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University of Illinois at Urbana-Champaign Application Process

Step 1: Prepare Your Documents

Statement of Purpose (SOP): Write a statement in 300 words or less. Describe your area of interest and your goals after completing the MSFE program. You don't need to provide 1500 words as mentioned in the online application.

Letters of Recommendation (LOR): Submit 3 letters of reference. These must be sent electronically from a university or company email address, or be signed and appear on official letterhead.

Curriculum Vitae (CV): Provide a resume with exact dates of employment.

Step 2: Additional Documents Required

• Upload certified transcripts and degree certificates.
• Provide proof of GRE/GMAT scores.
• Provide proof of English Language Proficiency (ELP) scores.
• International applicants requesting visa eligibility documents (I-20 or DS-2019) must demonstrate adequate financial resources to cover their education costs in the United States.

Step 3: Start Your Online Application

Begin your application by visiting: https://choose.illinois.edu/apply/

Step 4: Application Fees

The application fee for this course is USD 90, which is approximately INR 7.58 thousand. You can pay using a credit card or wire money transfer.

Step 5: Application Deadlines

• Fall (August): 19th January
• Fall (August): 16th February
• Fall (August): 23rd March
• Fall (August): 23rd April
• Fall (August): 11th May

Note: The dates above are tentative based on previous year records. Our expert counselors can provide the exact deadline dates. Connect with an expert now!

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated in December 2024"