MS in Financial Engineering

University of Illinois at Urbana-Champaign (United States) ยท University of Illinois Urbana and Champaign, Illinois, United States

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The University of Illinois Urbana-Champaign is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the University of Illinois system and was founded in 1867. Enrolling over 56,000 undergraduate and graduate students, the University of Illinois is one of the largest public universities by enrollment in the nation. Illinois contains 16 schools and colleges and offers more than 150 undergraduate and over 100 graduate programs of study. The university holds 651 buildings on 6,370 acres (2,578 ha) and its annual operating budget in 2016 was over $2 billion. The University of Illinois Urbana-Champaign also operates a Research Park home to innovation centers for over 90 start-up companies and multinational corporations, including Abbott, AbbVie, Caterpillar, Capital One, Dow, State Farm, and Yahoo, among others.

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Program Details:

Program Website

Basic Info

Institute

Grainger College of Engineering

Degree

MS

Duration

1.5 years

STEM Designated

Yes

Program

Financial Engineering

Expense

Living Expenses

USD 23600

Tuition Fee (Domestic)

USD 21300

Tuition Fee (International)

USD 40400

Eligibility

Minimum/ Avg Score

Undergrad GPA

3

TOEFL

79 - 103

IELTS

6.5 - 7.5

Duolingo

115 - 135

TOEFL (NEW)

4 - 5

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Deadlines:

Deadline Website

Intake Deadline 1

01 Dec, 2026

(August-2027)

Intake Deadline 2

01 Jan, 2027

(August-2027)

01 Feb, 2027

(August-2027)

01 Mar, 2027

(August-2027)

01 Apr, 2027

(August-2027)

15 Apr, 2027

(August-2027)

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Document Required:

  • Degree Transcript

    Common Document

    Upload unofficial transcripts

  • Essay

    University Specific

    Personal statement essays 1 and 2 are required for all applicants. Question 1) Please describe pivotal experiences, opportunities, and/or challenges (including any financial or access to education barriers) that have influenced your educational and professional development. (250 words max) Question 2) At Illinois, we value a studentโ€™s ability to contribute to a community of inclusion, belonging, and respect where our graduate students can learn and collaborate productively and positively. Please provide an example of how you contributed to or engaged with a community of students or colleagues with different perspectives, abilities, and experiences to achieve a positive outcome, and reflect on what you learned from this experience. (250 words max)

  • Letter of Recommendation (LOR)

    University Specific

    Recommendations should be provided from employers, supervisors, professors, or others who are able to comment on your professional and educational goals and potential (no friends or relatives, please). Recommendation letters should specifically address your ability to succeed in your proposed academic program and discuss any experience that may have prepared you to succeed in the program.

  • Resume

    Common Document

    Provide your most recent resume with dates of employment (note: work experience in the field is not required to apply).

  • Statement of Purpose (SOP)

    University Specific

    MSFE applicants, please limit your statement to 300 words. This document should be uploaded to your application. 1) How has your academic and professional background, including any professional training, prepared you for graduate study? 2) How will our program help you achieve your intellectual and professional goals? 3)What are your academic interests, and why do you wish to pursue graduate studies in this specific program?

  • Test Score Report

    Common Document

    TOEFL/IELTS/Duolingo

  • Video Essay

    University Specific

    Digital Uploads Instructions for MS Financial Engineering Applicants Please upload a video file of no more than 2 minutes in length answering the following questions: 1) Why do you feel you are best suited for the MS Financial Engineering Program? 2) What are your career goals after completing our program?

  • Essay

    University Specific

    Personal statement essays 3 and 4 are optional. Question 3) If you believe that your academic record does not demonstrate your true capabilities, please explain why. You may also discuss any gaps in your academic and professional experience. (250 words max) Question 4) If there is something that you would like to share with the admissions committee that you have yet to discuss in other areas of the application, please do so here. If needed, you may also use this space to expand upon the topics discussed in the above essays. (250 words max)

  • Test Score Report

    Common Document

    GRE/GMAT

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