M.A.S in Mathematical Finance
3.8 /5
- Private University
Talk to ExpertM.A.S in Mathematical Finance at Illinois Tech Overview
M.A.S in Mathematical Finance
at Illinois Tech
The Illinois Institute of Technology is well known for its M.A.S in Mathematical Finance program at the PG level. Designed to be completed in 18 to 24 months, this program provides a solid academic foundation and practical exposure.
Admission to this program requires candidates to meet specific eligibility criteria, including valid scores in exams such as IELTS, TOEFL, PTE and GRE.Choosing the course can be a great decision for students looking to advance in this field. The tuition fee for the first year of the M.A.S in Mathematical Finance is approximately USD 32,516. Additionally, students should plan for living expenses, which include accommodation (hostel or rent), food, study materials, and other daily necessities, averaging around USD 14,550.
Duration | 1.5 - 2 years Get Curriculum |
Tuition & Fees | ₹28.85 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
M.A.S in Mathematical Finance
Table of content
- Overview
- Fees
- Curriculum
- Entry Requirements
- Application Process
- Rankings
- Placements
- Highlights
- Scholarships
M.A.S in Mathematical Finance at Illinois Tech Fees
M.A.S in Mathematical Finance
at Illinois Tech
The first-year tuition fees that students are required to pay as per the Illinois Institute of Technology M.A.S in Mathematical Finance fee structure. The total cost of living at the university is estimated to be USD 14,550 which includes the costs of housing, food, and other utilities. The total costs may vary based on the expenses of the student and the lifestyle being followed by them. Some additional fees may also be charged by the Illinois Institute of Technology during the course duration. The complete fee breakdown of the M.A.S in Mathematical Finance is around USD 32,516 which is shown in the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 28,85,145 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 12,91,022 |
| Insurance | INR 1,49,688 |
Calculated at the exchange rate of 1 USD = INR 88.73 | Tuition & expenses were last updated on 16ᵗʰ December 2024M.A.S in Mathematical Finance at Illinois Tech Curriculum
M.A.S in Mathematical Finance
at Illinois Tech
Check more information about the Illinois Institute of Technology M.A.S in Mathematical Finance course by clicking the green button below. The Curriculum PDF covers various details and facts about the university including the specialization, courses, duration of the course, language requirement, electives and many more along with a semester-wise breakup of the course.
Download exam sample paper
TOEFL
TOEFL
PTE
IELTS
Duolingo
GRE
M.A.S in Mathematical Finance at Illinois Tech Entry Requirements
M.A.S in Mathematical Finance
at Illinois Tech
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- CGPA - 3/4
- Read less
- Applicant must hold a bachelor's degree in mathematics, engineering, or equivalent completed prior to enrollment with a minimum GPA of 3.0/4.0
- Applicants are required to have a background in undergraduate-level probability theory, multivariate calculus, and linear algebra. A background in ordinary differential equations will enhance the chance of admission to the program
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 90/120
-
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Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
PTE
- Marks - 63/90
- With a minimum section score of 53
IELTS
- Marks - 6.5/9
- Read less
- With a minimum section score of 6.5
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
GRE
- Marks - 310/340
- Typically, admitted students score at least 156 on the quantitative portion of the GRE and at least 3.0 on the analytical writing portion.
Duolingo
- No specific cutoff mentioned
Other eligibility criteria
During the admission process, Illinois Tech waives TOEFL or IELTS requirements if the applicants:
first or native language is English
have received a degree from an English-speaking institution and have attended that school for at least two years
school’s official medium of instruction is in English, per transcript
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M.A.S in Mathematical Finance at Illinois Tech Application Process
M.A.S in Mathematical Finance
at Illinois Tech
Step one
Prepare documents for application
LOR
- Two letters of recommendation from individuals who are able to assess applicant's academic and/or career achievements and potential
- Recommenders may include professors or employers, but may not include family members or personal friends
ESSAYS
- Submit an essay responding to the following:
- Why does the applicant wish to pursue graduate study in the Master of Mathematical Finance program? Define a five-year career plan and discuss how the applicant believes graduate studies will contribute to his/her professional goals. How will this joint College of Science / Stuart Business School degree fit into the applicant's plans?
CV
- Submit Resume
Step two
Additional documents required
- Applicants must submit individual semester wise mark sheets along with failed-reappeared mark sheets if any
- GMAT/GRE Score
- English Language Proficiency Proof
- Financial Support Form
Step three
Application fees for this course
USD 75 = INR 6.65 Thousand
Mode of payment: Credit card
- Illinois Tech offers installment payment plans for full- and part-time students. For further information, please visit the Student Accounting Office website or contact that office directly at bursar@iit.edu or 312.567.3785
M.A.S in Mathematical Finance at Illinois Tech Rankings
M.A.S in Mathematical Finance
at Illinois Tech
University Ranking
| Rank | Rank Publisher |
|---|---|
| #591 | |
| #105 | |
| #351 |
M.A.S in Mathematical Finance at Illinois Tech Placements
M.A.S in Mathematical Finance
at Illinois Tech
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes, Students may have the opportunity to complete an internship |
Top Recruiters for Illinois TechEnvestnet
Goldman Sachs
JP Morgan Chase
Morgan Stanley
Illinois Institute of TechnologyStudents Ratings & Reviews
3.8/5
4 Verified ReviewsStudent Views (Based on Reviews)
- 33% students never faced discrimination in this university
Vibe of Campus
Easy going
Academically oriented
Friendly
Sporty
Internships3.5
Part time work3
Post study jobs4
Quality of faculty4.3
Student Life4.5
Value for money3.5
Public transportation5
Safety2.8
Indian Food3.3
Permanent Immigration3.8
S
Sri Hari Sivashanmugam
M.A.S in Data Science - Batch of 2023
Offered by Illinois Institute of Technology
4.1
Best cities to live in. The faculty help in networking.
Tips: For students moving here there will be a cultural shift for sure.
It is smart to get referrals for on-campus jobs, as they are limited. Try staying Bridgeport area, as it is affordable and safe. Chicago is one of the best cities in the US, you will get to a lot of networking events outside the university which can help you in many ways.
Total Monthly ExpenseUSD 1500
Prepping time for classes33 hours/Week
Expected Annual SalaryUSD 80025
A
Anonymous
M.S in Mechanical and Aerospace Engineering - Batch of 2021
Offered by Illinois Institute of Technology
3.2
One of the most Amazing Experiences.
Tips: There's definitely a cultural shift. I personally loved the new country/city/university challenge and was up for all the tasks ahead. Find good friends/roommates who will guide you and help you in your transition. Don't hesitate to change your accommodation if not suitable for your academic preference. I didn't avail of any scholarships because I wasn't aware of any. There are different undergrad and graduate school scholarships available so do your research. I can say that I am somewhat satisfied with the course/university. Definitely would have liked a cheaper college but I suppose I did the best I could with the scores. Chicago is a beautiful city. The summers are short but pleasant, winters are long and the city is covered in snow for almost 3 months so definitely extreme weather conditions will take some time to get used to but it is undeniably beautiful. Some parts of the city are not safe and generally, you will be aware of those with research. Try to avoid those areas and don't wander alone at night. Everything will be great. Good luck to whoever reading this for your future.
Likes (Public transportation): Chicago has one of the best public transportation systems with frequent trains and buses even during night times. It is super affordable as semester passes are generally provided by the university as part of your tuition fees. Public transportation runs in all weather (even in heavy snow and rain).
Dislikes (Part time work): On campus part time jobs are available but very limited. Usually, you get them through connections. 100s apply but a chosen few are selected. Very much depends on the particular facility you are applying for. Personally, I applied but never got any. It is definitely manageable. Sometimes you will have to do weekend shifts or work late at night but the campus provides late-night drop offs. Pay is generally minimum wage in the state (usually $12/hr - $14/hr).
Total Monthly ExpenseUSD 1000
Prepping time for classes20 hours/Week
Expected Annual SalaryUSD 70000
(1) 1 person found this helpfulM
Manikantan
M.A.S in Mathematical Finance - Batch of 2023
Offered by Illinois Institute of Technology
4.9
Many Indian students are present in the campus.
Tips: In college, maximum number of students in ITM and CS branches are Indian only.
So there was no cultural shift that I experienced. Initially, you may feel some changes and that's all.
But after 2-3 weeks it will be the same. One should just focus on GRE and SOPs.
Total Monthly ExpenseUSD 2500
Prepping time for classes43 hours/Week
Expected Annual SalaryUSD 99096
(3) 3 people found this helpfulA
AV
M.S in Computer Science - Batch of 2018
Offered by Illinois Institute of Technology
2.8
US has its drawbacks too. Think carefully
Tips: Be prepared for a new life. College doesn’t matter. Personality matters. If you are smart you will get a job at Google and if not you will end up back in India wasting your money. So think carefully about the courses you are taking and the people you are hanging out with.
Total Monthly ExpenseUSD 638
Prepping time for classes20 hours/Week
Expected Annual SalaryUSD 90612
(2) 2 people found this helpfulA
Anonymous
M.S Technical Communication and Information Architecture - Batch of 2025
Offered by Illinois Institute of Technology
5
Great faculty and a diverse student life.
Tips: Students will know all of the clubs and opportunities. The university has strong connections that help its students. The faculty and students are also so supportive of each other. They have some standout teachers who have been involved with their students and have helped them grow professionally. Overall, I am quite satisfied with my experience.
Likes (Quality of faculty): I like the college because there is no sexism or racism there. The college has many clubs, which allow students to interact with other departments. The college is also recognised for its research, as well as the importance of collaboration and communication between individuals and organisations in the workplace.
Dislikes (Indian Food): The faculty provides good orientation, which helps students to know about the career opportunities. I hope everyone will find good opportunities in tech with engineering skills and experience to help them achieve their goals and achieve their dreams.
Total Monthly ExpenseUSD 6925
Prepping time for classes36 hours/Week
Expected Annual SalaryUSD
View All 9 Reviews
M.A.S in Mathematical Finance at Illinois Tech Highlights
M.A.S in Mathematical Finance
at Illinois Tech
- The program is ranked 15th on the list of top Master's of Financial Engineering program by TFE Times (2019)
- The program ranked 21st in QuantNet's Best Financial Engineering Programs (2018)
- The program is offered jointly by the Department of Applied Mathematics in the College of Science and the Stuart School of Business
- The program offers advanced education in theoretical, computational and business aspects of relevant quantitative methodologies
- The graduate may pursue a career as a junior quantitative analyst (quant) with financial institutions such as banks, trading corporations or hedge funds
- Students will study subjects such as Futures, Options, and OTC Derivatives or Models for Derivatives, Computational Finance, Stochastic Processes, Mathematical Finance, etc.
Read more
M.A.S in Mathematical Finance at Illinois Tech Scholarships
M.A.S in Mathematical Finance
at Illinois Tech
Scholarship information is not available. You can apply to non-college specific scholarships available for
USA.
View all 78 scholarships
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Kanishk Aggarwal
Study Abroad Expert
Kanishk Aggarwal is a content writer at Shiksha.com, creating content for universities abroad. Having pursued an M.Sc. in Forensic Science from GD Goenka University, Gurugram, he has been creating content across diverse domains. When not guiding stud...Read Full Bio
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M.A.S in Mathematical Finance at Illinois Tech Contact Information
M.A.S in Mathematical Finance
at Illinois Tech
Address
10 W 35th St, Chicago, IL 60616, USA
Chicago ( Illinois)
Phone
3125673000
(For general query)
3125673020
(For admission query)
Email
intl@iit.edu
(For general query)
grad.admission@iit.edu
(For admission query)
Go to College Website ->