MS in Financial Engineering
4.4 /5
- Public University
College of Business
Talk to ExpertMS in Financial Engineering at University of Illinois Urbana Champaign Overview
MS in Financial Engineering
at University of Illinois Urbana Champaign
Offered at the PG level of study by the University of Illinois at Urbana-Champaign, MS in Financial Engineering is one of the top picks among international students around the globe.
Overseas students can pursue this course over a period of 15 months. Additionally, candidates must meet the minimum score requirements for aptitude test and English proficiency exams such as IELTS, GRE, GMAT and TOEFL for admissions to the university for MS in Financial Engineering. Also, they must submit all the required documents.When it comes to the expenses of studying this program, the cost is bifurcated into two parts – annual tuition cost and the cost of living. The annual University of Illinois at Urbana-Champaign fee for MS in Financial Engineering is around USD 46,400. Also, the cost of living sums up to be around USD 11,360. Note that this amount is exclusive of housing, food, transportation, books and supplies, and other miscellaneous expenses.
Duration | 15 months |
Tuition & Fees | ₹41.17 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
MS in Financial Engineering
Table of content
- Overview
- Fees
- Entry Requirements
- Application Process
- Rankings
- Placements
- Highlights
- Scholarships
MS in Financial Engineering at University of Illinois Urbana Champaign Fees
MS in Financial Engineering
at University of Illinois Urbana Champaign
The first-year tuition fees that students are required to pay as per the University of Illinois at Urbana-Champaign MS in Financial Engineering fee structure. The total cost of living at the university is estimated to be USD 11,360 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 University of Illinois at Urbana-Champaign during the course duration. The complete fee breakdown of the MS in Financial Engineering is around USD 46,400 which is shown in the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 41,17,072 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 10,07,973 |
| Insurance | INR 1,64,505 |
Calculated at the exchange rate of 1 USD = INR 88.73 | Tuition & expenses were last updated on 9ᵗʰ January 2025Download exam sample paper
TOEFL
TOEFL
IELTS
Duolingo
GMAT
GRE
MS in Financial Engineering at University of Illinois Urbana Champaign Entry Requirements
MS in Financial Engineering
at University of Illinois Urbana Champaign
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- CGPA - 3.5/4
- Read less
- Bachelor’s degree, or bachelor equivalent, typically in an engineering field, mathematics, physics, computer science, or economic
- All applicants are expected to have a minimum grade point average of at least 3.25 (A=4.00) for the last two years of undergraduate study and a 3.50 for any previous graduate work completed
- Prerequisites:-
- Calculus
- Probability and Statistics
- Linear Algebra and Differential Equations
- Programming (preferably in C/C++)
- Knowledge of basic finance is helpful but not required
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 103/120
-
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GPA
Percentage
CGPA
Out of 10
GMAT
- No specific cutoff mentioned
- NA
IELTS
- Marks - 7/9
- A minimum score of 6.0 in each section
GRE
- No specific cutoff mentioned
- NA
Duolingo
- No specific cutoff mentioned
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MS in Financial Engineering at University of Illinois Urbana Champaign Application Process
MS in Financial Engineering
at University of Illinois Urbana Champaign
Step one
Prepare documents for application
SOP
- 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 (note: you do NOT need to provide 1500 words as requested in the on-line application
LOR
- Provide 3 letters of reference. They must be sent electronically from a university or company email address, or be signed and appear on official letterhead
CV
- Provide a resume with exact dates of employment
Step two
Additional documents required
- Upload certified transcripts and degree certificates
- Proof of GRE/ GMAT scores
- Proof of ELP scores
- All international applicants requesting visa eligibility documents (I-20 or DS-2019) are required to demonstrate that they have adequate financial resources to cover the cost of their education while in the United States
Step three
Start your online application
Step four
Application fees for this course
USD 90 = INR 7.99 Thousand
Mode of payment: Credit card, Wire money transfer
Step five
Application deadline
Fall (Aug): 19th Jan
Fall (Aug): 16th Feb
Fall (Aug): 23rd Mar
Fall (Aug): 23rd Apr
Fall (Aug): 11th May
*The dates specified are tentative dates as per the previous year records. Our expert counselors can help with exact deadline date. Connect with the expert now!
MS in Financial Engineering at University of Illinois Urbana Champaign Rankings
MS in Financial Engineering
at University of Illinois Urbana Champaign
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #1 | |
| #21 | |
| #23 |
MS in Financial Engineering at University of Illinois Urbana Champaign Placements
MS in Financial Engineering
at University of Illinois Urbana Champaign
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes, Students have a summer internship opportunity |
University of Illinois at Urbana-ChampaignStudents Ratings & Reviews
4.4/5
6 Verified ReviewsStudent Views (Based on Reviews)
- 43% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Liberal
Fun loving
Internships4.2
Part time work4.7
Post study jobs4.3
Quality of faculty5
Student Life4.8
Value for money4.3
Public transportation5
Safety4.5
Indian Food3.2
Permanent Immigration3.5
A
Anonymous
Master of Education in Educational Administration and Leadership - Batch of 2026
Offered by University of Illinois at Urbana-Champaign
4.3
A big university in a small town with modern facilities.
Tips: The university is truly awesome, you don't have to worry about that. If you are looking for a calm but fun town to spend your 5 years of the Ph.D, then you are looking at the right place. It's very fresh in here. If you are expecting US city life, then you probably need to go to Chicago, which is around 3 hours away from here. There are many on-campus jobs available and even plenty of off-campus jobs as well. If you are a graduate student, it's even better because you can work with professors on their research projects. The hourly pay is also not bad as the expenses in this town are very low. Overall, I am very satisfied with the environment, people, university culture, eating out options, etc.
Dislikes (Permanent Immigration): In general, there are fewer immigration options in the US. Provided the current scenario, the opportunities are getting even fewer. If I get a chance to permanently immigrate to the US, I would definitely not think twice about it. But the chances are better if you are from a STEM field or Academia.
Total Monthly ExpenseUSD 1400
Prepping time for classes15 hours/Week
Expected Annual SalaryUSD 70000
Keval Morabia
Professional Master of Computer Science (MCS) - Batch of 2020
Offered by University of Illinois at Urbana-Champaign
4.5
One of the best CS grad schools where I was able to make net positive money during my Masters!
Tips: Do not let cold weather be a reason for not joining UIUC, you get used to it. Apart from the thesis, there is no difference between MS and MS programme and both are considered the same for job applications but the thesis programme helps you improve your profile by getting to work with a professor on a research project. Computer Science programme has decent TA/RA opportunities and if you get one, you get 100% fee waiver and $2500 monthly stipend which is well above the monthly expenses. Post covid, intake to the professional MS programme has significantly increased from ~60 to ~300 resulting in a lot more competition to get a TA/RA.
Likes (Quality of faculty): UIUC has some of the best faculty in Computer Science, many times professors teach content that has been published in books by themselves. UIUC has many diverse professors, a very wide choice of course selection and a lot of flexibility in choosing courses.
Dislikes (Indian Food): Since Urban-Champaign is a college town, there are not that many Indian restaurants and for people who eat Jain food, there are hardly any food options outside. But there are many events in the department buildings where you can occasionally get free Pizzas.
Total Monthly ExpenseUSD 1000
Prepping time for classes25 hours/Week
Expected Annual SalaryUSD
Akash Singh
Master of Science in Systems and Entrepreneurial Engineering - Batch of 2022
Offered by University of Illinois at Urbana-Champaign
5
Best campustown in USA which gives you most bang for your buck compared to anywhere in states
Tips: Very accommodating culture. It will be the best experience of your life. Teachers are very knowledgeable. MS programme can be tailored to your liking where you can take courses from any department without much restrictions. This happened to be the best experience of my life.
Likes (Safety): Campustown is organized in a manner where all the students converge to Green Street where we have everything needed creating an awesome environment to meet new people and have fun. Cricket lovers can join Cricket Club of Illinois for a rewarding cricket experience and tons of tournaments in summer.
Dislikes (Public transportation): Faculty is very approachable and compassionate. After first semester most Masters student can find a RA or TA position. Try to meet with the faculty and show what drives you to do research and teaching and you will get a way around. The faculty is well-educated and mostly from universities ranked above UIUC.
Total Monthly ExpenseUSD 900
Prepping time for classes10 hours/Week
Expected Annual SalaryUSD 62650
A
Anonymous
Master of Science in Aerospace Engineering - Batch of 2024
Offered by University of Illinois at Urbana-Champaign
4.1
Most people and faculty are friendly.
Tips: Champaign is the best town to live in for those coming to the US for the first time. Pros such as low rent, a friendly campus, etc. can be of help. I availed a Research Assistantship which resulted in a tuition fee waiver. Very satisfied with my courses and the University.
Total Monthly ExpenseUSD 1000
Prepping time for classes21 hours/Week
Expected Annual SalaryUSD
A
Anonymous
Master of Science in Aerospace Engineering - Batch of 2023
Offered by University of Illinois at Urbana-Champaign
3.9
My Review on doing a Masters in UIUC
Tips: Since the university is in Illinois, the weather during the winters is brutal, which most Indians will find difficult to adapt to. Hence I advise you to buy proper winter clothes when winter approaches. The grocery stores on or near campus are also expensive, so you need to learn how to buy food in bulk without wasting anything. UIUC has a large diaspora of not only Indians but other nationalities as well, so socializing is necessary but not tedious. Despite this, feelings of loneliness can set in since everyone will be busy studying for their courses, which one should be prepared for.
Likes (Public transportation): The campus has a functional transportation service which is free for students of UIUC, with plenty of buses there to reach most parts of Champaign-Urban. Despite buses taking more time to reach the destination you wish to go to, the part that is already included in your tuition fees is convenient since one pays $60 as public transportation fees.
Dislikes (Value for money): Since I did my Masters in Aerospace Engineering, finding internships for myself was tedious due to ITAR. And unlike Indian institutes, we have to find internships by ourselves because most companies that come to the career fair look for US citizens only, though I would advise going to the career fair anyway to network.
Total Monthly ExpenseUSD 1200
Prepping time for classes30 hours/Week
Expected Annual SalaryUSD 85000
View All 7 Reviews
MS in Financial Engineering at University of Illinois Urbana Champaign Highlights
MS in Financial Engineering
at University of Illinois Urbana Champaign
- Financial Engineering (FE) is the application of quantitative methods to the analysis of financial markets and financial products
- The quantitative techniques may include Mathematics, Statistics, Computer Science, Machine Learning, Neural Nets, and generalized Data Analytics
- The Master of Science in Financial Engineering (terminal masters) can be completed in 15 or 24 months, beginning in August each year. The second and subsequent semesters allow students the flexibility to pursue specialized tracks within the program, such as data analytics and electronic trading
MS in Financial Engineering at University of Illinois Urbana Champaign Scholarships
MS in Financial Engineering
at University of Illinois Urbana Champaign
Scholarship information is not available. You can apply to non-college specific scholarships available for
USA.
View all 79 scholarships
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MS in Financial Engineering at University of Illinois Urbana Champaign Contact Information
MS in Financial Engineering
at University of Illinois Urbana Champaign
Address
300 Turner Student Services Building
610 East John Street
Champaign, Illinois 61820
Champaign ( Illinois)
Phone
Email
Go to College Website ->