Financial Economics (M.S.)
Much of finance has its roots in economics, so mastery of topics at the intersection of those two fields is key to understanding and solving challenges in today’s financial system and to the proper application of regulation and public policy.
The Master of Science in Financial Economics program at Stuart School of Business provides a foundation in both the theory and practical areas of finance and economics. You’ll develop the comprehensive scientific, mathematical, and applied skill sets for testing and applying financial and economic models, as well as the tools and critical thinking skills to solve problems in practice and regulation involving asset pricing, risk management, financial engineering, corporate finance, or portfolio management.
The program’s curriculum is particularly well-suited to students with a background in economics or finance who are interested in highly employable careers conducting research, making policy, or managing risk in financial institutions or government entities.
At Stuart, you’ll learn the latest industry-relevant ideas and technologies from faculty who are both practitioners and scholars and who bring their career knowledge and understanding of the marketplace directly into the classroom.
Chicago is a global financial center, and our strong industry connections open up opportunities for internships, real-world projects in courses, and networking with Stuart alumni and other accomplished professionals.
Intakes
- Jan
- May
- Aug
Application Processing Time in Days: 30
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
The M.S. in Financial Economics program provides excellent preparation for the private, public, and nonprofit sector job markets in positions such as economists, policy analysts, financial analysts, and management consultants. Depending on the concentration that you choose, the degree is flexible and also includes career paths ranging from investment adviser, to economic forecaster, to data analyst.
PSW Opportunity
Post-Study Work visa or permit, allowing international students on F-1 visas to work in the US after completing their studies, typically through Optional Practical Training (OPT).
Eligibility:
To be eligible for OPT, students must have been enrolled full-time in a US educational institution for at least one academic year and be seeking work related to their major.
Duration:
Students can apply for up to 12 months of OPT, either before they finish their studies (pre-completion) or after graduation (post-completion).
STEM OPT:
Students in STEM (Science, Technology, Engineering, and Mathematics) fields can apply for an extended OPT period of up to 24 months.
Contact our PSA counselor for more information
Admission Requirement / Eligibility Criteria
Illinois Tech requires a four-year bachelor's degree conferred with a minimum cumulative undergraduate grade-point average of 3.0/4.0 (or its equivalent) from an accredited institution for regular admission. Individual departments may have different requirements, however.
India
Four-year bachelor’s degree in any field; three-year bachelor’s degrees must be conferred in First Class with Distinction from an NAAC Grade “A” Indian institution; other three-year bachelor’s degrees must be accompanied by a two-year master’s degree. (Note: profession qualifications and postgraduate diplomas completed after a bachelor’s degree are not considered sufficient for admission
Provide Illinois Tech an official copy of the English proficiency Duolingo English Test, TOEFL or IELTS score report. The TOEFL code to send your scores to Illinois Tech is 1318. Duolingo English Test can be submitted directly by indicating Illinois Institute of Technology.
TOEFL iBT: 80
IELTS: 6.5
Duolingo: 115
International applicants who are interested in attending Illinois Tech, and who meet academic and financial requirements but do not meet the minimum English proficiency requirements, may be offered conditional admission.
For further enquiry please contact to our PSA cousellor.
- Course Type: Full Time
- Course Level: Masters/PG Degree
- Duration: 01 Year
-
Total Tuition Fee:
33318 USD
Average Cost of Living: 14000 USD /year
Application Fee: 100 USD
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