Overview

The objective of the Financial Engineering program at University of Illinois at Urbana Champaign is to provide students with exposure to the latest in theory and techniques in the financial markets and apply their knowledge even before graduation with real world projects.

Quick Facts:

Financial Engineering is the application of quantitative methods to the analysis of financial markets and financial products.

The quantitative techniques include: Finance, Mathematics, Statistics, Computer Science, Machine Learning, Deep Learning and Data Analytics.

Programme Structure

Courses include:

Finance

Machine Learning in Finance

Statistical Methods in Finance

Financial Computing

Professional Development

Financial Derivatives

Stochastic Calculus & Numerical Models in Finance

Key information

Duration

Full-time
- 18 months

Start dates & application deadlines

Starting 2026-08-24 00:00:00
- Apply before 2026-04-15 00:00:00

Language

English

TOEFL^® IBT

103

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IELTS

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Credits

48 SCH

Delivered

On Campus

Campus Location

Urbana, United States

Disciplines

Financial Mathematics Engineering Management View 55 other Masters in Financial Mathematics in United States

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Academic requirements

GPA

3.5

GRE^®

Required

GMAT

Required

English requirements

TOEFL^® IBT

103

Schedule TOEFL®

IELTS

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

Prerequisites

Bachelor’s degree, or bachelor equivalent, typically in an engineering field, mathematics, physics, computer science, or economic

1 year of Calculus

1 semester of Linear Algebra and Differential Equations

1 semester of Probability and Statistics

1 semester of Programming (preferably in C/C++)

GRE or GMAT

TOEFL or IELTS for all applicants whose native language is not English (exemptions see here)

Knowledge of basic finance is helpful but not required

Additional Requirements

Undergraduate: 3.25 (A=4.00) for last 60 hours of study

Graduate: 3.50 for any previous graduate work completed

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

47100 USD / year

≈ 47100 USD / year
Out-of-State

47100 USD / year

≈ 47100 USD / year
Domestic

Applies to you

In-State

34400 USD / year

≈ 34400 USD / year

Living costs

Urbana

United States

1100 - 1500 USD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Financing

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Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

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Scholarships Information

Below you will find Master's scholarship opportunities for Financial Engineering.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Quick Facts:

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Living costs

Urbana

Financing

Funding

Scholarships Information

Available Scholarships

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