M.Sc. On Campus

Financial Engineering

University of Illinois at Urbana Champaign

15 months
55680 USD/year
55680 USD/year
Tuition fee
Apply date
Start date


The Financial Engineering degree at University of Illinois at Urbana Champaign is a 3 semester STEM designated program


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.

Key Features 

  • 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

  • The Illinois Master of Science in Financial Engineering degree is both technical and pragmatic. Students receive training in the most advanced techniques, providing them the grounding and tools to advance quickly in the field. 
  • The program features practice-based learning opportunities which assure the curriculum is always demanding and contemporary. Further, the featured Practicum in the third semester of the program serves as a bridge with industry focusing on real world financial modeling problems.

Key information


  • Full-time
    • 15 months

Start dates & application deadlines


48 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
GRE admission requirements GRE®
GMAT admission requirements GMAT

Other requirements

General requirements


  • 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 Fee

To alway see correct tuition fees
  • International

    55680 USD/year
    Tuition Fee
    Based on the tuition of 69600 USD for the full programme during 15 months.
  • National

    55680 USD/year
    Tuition Fee
    Based on the tuition of 69600 USD for the full programme during 15 months.

Living costs for Urbana

1100 - 1500 USD /month
Living costs

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


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Financial Engineering
University of Illinois at Urbana Champaign


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