MS in Financial Engineering

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

About University:

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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About University:

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

$23600

Tuition Fee (Domestic)

$34400

Tuition Fee (International)

$47100

Eligibility

Minimum/ Avg Score

Undergrad GPA

3

TOEFL

79 - 103

IELTS

6.5 - 7.5

Duolingo

115 - 135

GRE Total

324

(waiver offered)

GRE Verbal

155

GRE Quant

165

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Intake Deadline 1

01 Jan, 2025

(August-2025)

Intake Deadline 2

01 Feb, 2025

(August-2025)

01 Mar, 2025

(August-2025)

01 Apr, 2025

(August-2025)

15 Apr, 2025

(August-2025)

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Document Required:

  • Degree Certificate

    Common Document

  • Degree Transcript

    Common Document

    Upload unofficial transcripts

  • 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.

  • Personal Statement

    University Specific

    All applicants are presented with a series of short-answer personal statement essay questions. Each essay has a 250 word maximum. Questions 1-2 are required from all applicants, while questions 3-4 are optional (your response is voluntary and not answering these questions will not affect your admissions decision). Question #1: Please describe pivotal experiences, opportunities, and/or challenges (including any financial or access barriers) that have influenced your educational and professional development. Question #2: At Illinois, we value a student’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. 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. 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.

  • 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

    Provide a purpose statement: In 300 words or less, describe your area of interest and what your goals are upon completion of the MSFE program. **Please note: The online application asks for a personal statement of up to 1000 words. For MSFE applicants, please limit your statement to 300 words.

  • 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: Why do you feel you are best suited for the MS Financial Engineering Program? What are your career goals after completing our program?

  • Test Score Report

    Common Document

    GRE/GMAT (optional)

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