Master of Science in Financial Engineering Postgraduate Programme By Gies College of Business - University of Illinois Urbana Champaign |TopUniversities

Master of Science in Financial Engineering Master of Science in Financial Engineering

Location

Gies College of Business, Champaign, United States
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Application Deadline

15 Apr, 2026Application Deadline

Main Subject Area

FinanceMain Subject Area

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Programme overview

Main Subject

Finance

Degree

MSc

Study Level

Masters

Study Mode

On Campus

The objective of the Financial Engineering Program (MSFE) is to provide students with exposure to the latest in theory and techniques in the financial markets and apply their knowledge even before graduation with real world projects.



Why Choose Financial Engineering at ILLINOIS?



Financial Engineering at Illinois (MSFE) is a 3-semester STEM-designated Professional Master's Program.


  • Financial Engineering is the application of quantitative methods to the analysis of financial markets and financial products.
  • The quantitative techniques include: Finance, Mathematics, Statistics, Computer Science, Machine Learning, Deep Learning and Data Analytics.
  • Students apply Optimization, Data Science, Neural Networks, Machine Learning and the basic Mathematics in real time with these projects.
  • The applications include the search for profitable opportunities as well as deriving solutions to financial problems.
  • FE involves the measurement, management, mitigation and transfer of risk.
  • The US capital markets are the most dynamic and exciting in the world.
  • The derivatives market in Chicago are the most innovative in the world.
  • Recent Practicums have been with CME Group, Morgan Stanley, Google, BMO (Harris), Axis Re, Market Axess, CTC, The University of Illinois' Treasury Office, Peak6 and Principal Financial.

Programme overview

Main Subject

Finance

Degree

MSc

Study Level

Masters

Study Mode

On Campus

The objective of the Financial Engineering Program (MSFE) is to provide students with exposure to the latest in theory and techniques in the financial markets and apply their knowledge even before graduation with real world projects.



Why Choose Financial Engineering at ILLINOIS?



Financial Engineering at Illinois (MSFE) is a 3-semester STEM-designated Professional Master's Program.


  • Financial Engineering is the application of quantitative methods to the analysis of financial markets and financial products.
  • The quantitative techniques include: Finance, Mathematics, Statistics, Computer Science, Machine Learning, Deep Learning and Data Analytics.
  • Students apply Optimization, Data Science, Neural Networks, Machine Learning and the basic Mathematics in real time with these projects.
  • The applications include the search for profitable opportunities as well as deriving solutions to financial problems.
  • FE involves the measurement, management, mitigation and transfer of risk.
  • The US capital markets are the most dynamic and exciting in the world.
  • The derivatives market in Chicago are the most innovative in the world.
  • Recent Practicums have been with CME Group, Morgan Stanley, Google, BMO (Harris), Axis Re, Market Axess, CTC, The University of Illinois' Treasury Office, Peak6 and Principal Financial.

Admission Requirements

79+
6.5+
  • Bachelor’s degree, or bachelor equivalent, typically in an engineering field, mathematics, physics, computer science, or economics
  • 1 year of Calculus
  • 1 semester of Linear Algebra
  • 1 semester of Probability and Statistics
  • 1 semester of Programming (preferably in C/C++)
  • TOEFL or IELTS for all applicants whose native language is not English (exemptions see here)
  • Knowledge of basic finance is helpful but not required

15 Apr 2026
Aug

  • Candidates are required to submit references or letter(s) of recommendation for acceptance

Scholarships

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