Master of Science in Finance
4.4 /5
- Public University
Gies College of Business
Talk to ExpertMaster of Science in Finance at University of Illinois Urbana Champaign Overview
Master of Science in Finance
at University of Illinois Urbana Champaign
University of Illinois at Urbana-Champaign offers Master of Science in Finance 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, Duolingo, GMAT and GRE. 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 Master of Science in Finance is USD 45,356. The cost of living is approx USD 13,014. The cost of living covers accommodation, food, travel, books, supplies and other expenses.
Duration | 15 months Get Curriculum |
Tuition & Fees | ₹40.22 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Science in Finance
Table of contents
Master of Science in Finance at University of Illinois Urbana Champaign Fees
Master of Science in Finance
at University of Illinois Urbana Champaign
For attending the University of Illinois at Urbana-Champaign for Master of Science in Finance, students have to pay the tuition fee as well as the living expenses. The University of Illinois at Urbana-Champaign Master of Science in Finance fee structure varies for domestic and international students.
Foreign students will have to pay USD 45,356 for the first-year of study. Other than the annual tuition fee, they will also have to cover the living expenses (includes housing, food, transportation, books and supplies, and other miscellaneous expenses), which is around USD 13,014 for overseas students. Based on the student’s lifestyle and purchasing power, the cost of living varies.
Refer to the table below for the breakdown of expenses for the University of Illinois at Urbana-Champaign Master of Science in Finance cost of attendance:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 40,21,716 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 11,53,951 |
| Insurance | INR 1,39,035 |
Calculated at the exchange rate of 1 USD = INR 88.67 | Tuition & expenses were last updated on 13ᵗʰ October 2025Master of Science in Finance at University of Illinois Urbana Champaign Curriculum
Master of Science in Finance
at University of Illinois Urbana Champaign
Latest curriculum for Master of Science in Finance at University of Illinois Urbana Champaign can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in MS at University of Illinois Urbana Champaign
Download exam sample paper
TOEFL
TOEFL
IELTS
Duolingo
GMAT
GRE
Master of Science in Finance at University of Illinois Urbana Champaign Entry Requirements
Master of Science in Finance
at University of Illinois Urbana Champaign
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 55%
- Read less
- The applicant should have completed one undergraduate course each in computer science, financial accounting, managerial accounting, and principles of economics as well as two courses each in calculus, probability and statistics, and financial management.
- Courses to remove deficiencies may be taken after beginning the program, but such courses will not count toward the departmental requirements for graduation.
- The minimum required grade point average for admission is 3.0 (A = 4.0).
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GPA
Percentage
CGPA
Out of 4
TOEFL
- Marks - 103/120
-
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Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
GMAT
- No specific cutoff mentioned
- NA
IELTS
- Marks - 7.5/9
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
GRE
- No specific cutoff mentioned
- NA
Duolingo
- Marks - 135/160
- NA
- Take Duolingo English Test from your home, in just 1 hour and get results in 2 days. 70% cheaper than other English Tests. Register now for Duolingo
Other eligibility criteria
- Unofficial Transcripts
- Resume
- Personal Statement:-The personal statement should specifically answer the following questions. Please limit your personal statement to 300 words or less.
- What is your area of interest in finance?
- What are your goals upon completion of the MSF program?
- What choices have led you to your current career path and position?
- Three References
- Proof of funding
- Copy of Passport
Sign-up to view details
Master of Science in Finance at University of Illinois Urbana Champaign Frequently Asked Questions
Master of Science in Finance
at University of Illinois Urbana Champaign
Q: What GPA do you need for Masters at University of Illinois Urbana-Champaign?
A:
The University of Illinois Urbana-Champaign expects a minimum cumulative GPA of 3 on a scale of 4 from international students. Along with the academic GPA, students must fulfill the eligibility by having a bachelor's degree from a recognised institute or equivalent. They must submit the transcripts/ certificate of degree, essay, reference, GRE/ GMAT scores (test-optional), and English language requirements.
Q: What is the acceptance rate for Masters at University of Illinois?
A:
The acceptance rate for international students at the University of Illinois at Urbana Champaign is 44%. This suggests that the university selects candidates for the MS programme using a somewhat rigorous procedure. Students must meet the minimal eligibility standards and achieve exceptional academic and standardized test scores to be admitted to the University of Illinois at Urbana Champaign's MS programs. Additionally, when making admissions decisions, the university considers several factors, such as the quality of secondary school records, class rankings, academic GPA, recommendations, exceptional essays, personal background, extracurricular activities, talent/ability, volunteer work, and relevant experience.
Q: Is the University of Illinois at Urbana-Champaign better than the University of Chicago?
A:
The University of Chicago is better than the University of Illinois at Urbana Champaign. As per the unofficial source, the University of Chicago ranks at #11 among national universities, whereas the UIUC stands at #33 position. Also, the University of Chicago's graduation rate is higher than that of UIUC. Students can check the table below for the comparison between the two universities:
Particulars | University of Chicago | University of Illinois at Urbana-Champaign |
|---|---|---|
US News National University Rankings 2025 | #11 | #33 |
Graduation Rate | 86% | 73% |
Acceptance Rate | 5% | 44% |
Tuition fees | UG: INR 48 L-INR 56L PG: INR 19L- INR 93L | UG: INR 28L- INR 36L PG: INR 14L- INR 45L |
Student-faculty ratio | 5:1 | 20:1 |
Q: Whata are the Times Higher Education rankings at University of Illinois Urbana Champaign?
A:
According to the Times Higher Education university rankings, University of Illinois at Urbana Champaign has been ranked in the top 50 universities in the nation. The rankings of the university according to THE university level rankings are given as follows:
| Year | University Rank |
|---|---|
| 2023 | 48 |
| 2024 | 42 |
| 2025 | 46 |
Master of Science in Finance at University of Illinois Urbana Champaign Rankings
Master of Science in Finance
at University of Illinois Urbana Champaign
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #1 | |
| #21 | |
| #23 |
Master of Science in Finance at University of Illinois Urbana Champaign Placements
Master of Science in Finance
at University of Illinois Urbana Champaign
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes |
Master of Science in Finance at University of Illinois Urbana Champaign Students also asked
Master of Science in Finance
at University of Illinois Urbana Champaign
Q: What is the racial diversity of UIUC?
A:
As of Fall 2024, UIUC houses 13,350 international students on its campus. The UG student demographics of the university can be checked out from the table given below for 2024:
Ethnic/Racial Group | Headcount |
|---|---|
Native Hawaiian or other Pacific Islander, non-Hispanic | 12 |
American Indian or Alaska Native, non-Hispanic | 12 |
Race and/or ethnicity unknown | 618 |
Two or more races, non-Hispanic | 1,512 |
Black or African American, non-Hispanic | 1,944 |
Hispanic/Latino | 5,266 |
Nonresidents | 5,533 |
Asian, non-Hispanic | 8,419 |
White, non-Hispanic | 13,824 |
Total | 37,140 |
Q: Does University of Illinois at Urbana Champaign offer programs in Architecture to the international students?
A:
Yes, there are Architect programs available at undergraduate and graduate level. The Bachelor of Science in Architectural Studies is a four year degree, whereas Masters in Architecture is a 2 year programme accredited by NAAB.
Q: What services are offered to international students by the University of Illinois at Urbana at Champaign campus?
A:
The university offers various services to the students. These include:
- Career related services
- Counselling center
- Mental health related services
- Student organisations
- Legal Services
- On-campus accommodation etc.
Q: What is the ranking of University of Illinois at Urbana Champaign?
A:
University of Illinois at Urbana Champaign was ranked #23 at national level and #61 at the global level by Shiksha Popularity Ranking. THE (Times Higher Education) ranked the university #42 in 2025, which showcases an improved trend when compared with 2024. Apart from this, the university was ranked #69 by QS World University Rankings 2025.
Q: What are the US News rankings at University of Illinois Urbana Champaign?
A:
US News and World Report is known to be a recognised leader in graduate school and college and other rankings as well. It also releases National, Global, Regional and Subject Rankings. The US News rankings of the university are given as follows
| Year | US News Global Universities Rankings |
|---|---|
| 2023 | #74 |
| 2024 | #100 |
| 2025 | NA |
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
Master of Science in Finance at University of Illinois Urbana Champaign Highlights
Master of Science in Finance
at University of Illinois Urbana Champaign
- The MSF program has an innovative curriculum that provides you with a strong foundation in the principles and practices of finance
- The program also introduces students to the emerging concepts, practices, and technologies necessary to be successful in today's finance industry
- The Illinois Master of Science in Finance program has been officially named a CFA Program Partner®. As such, the MSF curriculum covers more than 70% of the CFA Body of Knowledge and teaches students the tools they need to prepare for and be successful with the CFA exams. The Chartered Financial Analyst (CFA®) certification is a professional designation awarded by CFA Institute
- Students can choose to specialize in:
Commercial Banking
Corporate Finance
Finance Research
Real Estate and Urban Land Economics
Risk Management and Insurance
Quantitative Finance
Read more
Master of Science in Finance at University of Illinois Urbana Champaign Scholarships
Master of Science in Finance
at University of Illinois Urbana Champaign
Scholarship information is not available. You can apply to non-college specific scholarships available for
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About the author
A tech enthusiast, Kartik has graduated with a Bachelor of Computer Application from the IMS Ghaziabad 2023 batch. Kartik loves to learn about Cybersecurity and Cybercrime. Also, his hobbies are such as traveling, trekking, cooking, and more. Moreove...Read Full Bio
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Master of Science in Finance at University of Illinois Urbana Champaign Contact Information
Master of Science in Finance
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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