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
University of Illinois at Urbana-Champaign offers MS in Financial Engineering at PG level. Available for Indian students, this course can be completed in 15 months. To be eligible, Indian students should have required scores in exams such as IELTS, TOEFL, GRE, GMAT and Duolingo. Also, they have to submit all the mandatory documents as part of the admission process. For an Indian student the budget to study at University of Illinois at Urbana-Champaign should include tuition and cost of living. The first-year University of Illinois at Urbana-Champaign tuition fee for MS in Financial Engineering is USD 46,400 (INR 4,453,936). The cost of living is approx USD 11,360 (INR 1,090,446). The cost of living covers accommodation, food, travel, books, supplies and other expenses.
Duration | 15 months |
Tuition & Fees | ₹44.43 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 contents
MS in Financial Engineering at University of Illinois Urbana Champaign Fees
MS in Financial Engineering
at University of Illinois Urbana Champaign
To get admission in MS in Financial Engineering at University of Illinois at Urbana-Champaign students need to cover tuition fees and living costs. The fee structure varies based on whether the student is domestic or international. For international students the tuition fee for the first year is USD 46,400 (INR 4,453,936). In addition to these students should budget for
- Other living expenses
- including
- housing
- food
- transportation
- books and personal expenses
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 44,42,817 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 10,87,724 |
| Insurance | INR 1,77,521 |
Calculated at the exchange rate of 1 USD = INR 95.75036 | Tuition & expenses were last updated on 12ᵗʰ December 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
- Applicants must have a UG degree other than that a UG equivalent typically in a engineering field, mathematics, physics, CS other than that economic as All applicants are expected to have a grade point average of 3.25 A=4 for the last two years of UG study and a 3.50 for any previous PG work completed
- Prerequisites as
- 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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Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
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
Conditional Offer
- Not mentioned
Sign-up to view details
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 8.62 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 | |
| #19 | |
| #26 |
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
10 Verified ReviewsStudent Views (Based on Reviews)
- 42% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Fun loving
Liberal
Internships4.2
Part time work4.8
Post study jobs4.3
Quality of faculty4.8
Student Life4.8
Value for money4.4
Public transportation5
Safety4.7
Indian Food3.6
Permanent Immigration3.4
A
Anonymous
Master of Science in Information Management - Batch of 2027
4.3
Amazing curriculum and campus life.
Tips: One of the greatest universities in the US. Amazing curriculum and campus life. Plenty of on campus part-time opportunities. It's a campus town so you get to experience student life first hand. Multiple events and competitions take place all year round.
Total Monthly ExpenseUSD 150
Prepping time for classes25 hours/Week
Expected Annual SalaryUSD
A
Anonymous
Master of Science in Information Management - Batch of 2027
4.5
Quite safe campus town to explore.
Tips: Location is remote but a very lovely town with a lot of students and a friendly environment. In my opinion it's better than the city. Part time is easy and food options are also available. The university is very big with a lot of events happening so you always have something to enjoy. Campus town is quite safe, people can roam around at midnight without fear plus the bus services are good.
Likes (Safety): Crimes do happen but it's rare. MTD Connect is a good feature that operates in the campus town which allows you to go from one place to another in the campus town and it's free of cost.
Dislikes (Permanent Immigration): The US in general is a difficult place for permanent settlement so it does not make sense to give any US university above 3 stars. The US is a bad choice for permanent settlement.
Total Monthly ExpenseUSD 650
Prepping time for classes10 hours/Week
Expected Annual SalaryUSD 100000
A
Arnaav Anand
Master of Science in Information Management - Batch of 2026
4.4
The university provides you with all the required tools; you just need to know how to build it.
Tips: Students must know that the university provides all the necessary facilities for them to succeed but it is up to them to do the work. The opportunities are plenty; you just need to be active enough. The goal here is to network with as many industry professionals and alumni as possible to get a head start and make a career for yourself.
Likes (Safety): There are facilities like safe rides, campus security and being a college town full of students, the safety is pretty high standard. I have personally never experienced any security so far in the 2 years I have stayed on campus. It has all the safety precautions and safeguards in place.
Dislikes (Permanent Immigration): Permanent settlement is way different from attending college. It is dependent on a lot of factors like intention, job aspects, etc. The university provides a good opportunity to learn and work in a good company but a permanent settlement comes way in the future and is not dependent on college but rather the job you pursue.
Total Monthly ExpenseUSD 1025
Prepping time for classes10 hours/Week
Expected Annual SalaryUSD 104100
M
Madhura Saurabh Mirikar
Master of Science in Information Management - Batch of 2026
4.7
Opportunities, impact and academics.
Tips: UIUC offers strong, rigorous programs, especially in Data and Analytics. The coursework is hands-on and project based, so prior exposure to tools like Python, SQL or visualization helps. It is easy to get part-time jobs on campus. Also, campus life is pretty amazing.
Likes (Indian Food): Signature Grill offers very nice South Indian Food. Average price for a single person is 12 dollars. We have Bombay Market serving items starting from 3.99, which is very cheap for students. It offers various types of Indian cuisines making it the most popular spot for Indian students.
Total Monthly ExpenseUSD 900
Prepping time for classes10 hours/Week
Expected Annual SalaryUSD 80000
A
Anonymous
Master of Education in Educational Administration and Leadership - Batch of 2026
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
View All 12 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.
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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
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