QS Rank:

317

University of Illinois at Chicago

Illinois
,United States

Program Rank

365

Program Name
Master of Science in Accounting and Financial Studies

Deadline
April 01st, 2025
Overview

The Master of Science in Accounting and Financial Studies at the University of Illinois at Chicago is designed to equip aspiring finance professionals with advanced financial knowledge and specialized skills that are crucial in today's dynamic business landscape. This program stands out due to its robust curriculum, which not only covers core finance principles but also delves into contemporary topics that are shaping the finance industry, such as sustainable finance, financial technology, and data analytics. Students will engage deeply with rigorous coursework that emphasizes real-world applications, ensuring they are well-prepared for successful careers upon graduation.
With a total of 32 credit hours, this program can be completed in a swift 12 months for full-time students or extended over several years for those pursuing part-time study. The curriculum is structured to provide solid foundational knowledge in areas such as financial reporting, investment analysis, and corporate finance. Additionally, students will have the opportunity to tailor their studies to focus on specific interests, whether it be in risk management, investment banking, or financial consulting. This degree prepares graduates not just to enter the workforce but to excel and lead in various financial roles.
One of the unique features of the program is its STEM designation, a recognition of its emphasis on quantitative methods and analytical skills. This designation not only highlights the program's commitment to providing a cutting-edge education in finance but also offers international students the benefit of extended Optional Practical Training (OPT) in the United States. This allows graduates to gain valuable work experience in a highly competitive market, enhancing their employability.
The faculty at UIC's College of Business Administration are distinguished experts in their respective fields, bringing a wealth of knowledge and experience from both academic and industry perspectives. They employ innovative teaching methodologies that include collaborative projects, case studies, and experiential learning opportunities. This approach not only promotes critical thinking but also allows students to gain insights from real-world scenarios, making the learning process more relevant and impactful.
Research opportunities abound within the program, with access to state-of-the-art resources and collaborations with various business entities. Students can participate in faculty-led research projects, providing them with firsthand experience and insights into current financial trends and challenges. Additionally, the program encourages networking through various events and seminars, connecting students with industry leaders and potential employers.
The program's strong ties to the finance industry in Chicago, one of the largest financial hubs in the United States, create numerous opportunities for internships and job placements. The UIC Business Liautaud Graduate School maintains partnerships with leading financial institutions, providing students with the chance to gain real-world experience while earning their degree. These connections greatly enhance students' career prospects, as they often lead to full-time positions post-graduation.
Graduates of the Master of Science in Accounting and Financial Studies can look forward to a variety of career pathways. Prospective job roles include Investment Banker, Credit Manager, Financial Risk Manager, and Business Analyst, among others. The program's strong emphasis on both quantitative skills and practical application ensures that graduates are well-equipped to tackle complex financial challenges across various sectors.
Alumni of the program have found great success in diverse roles across the financial landscape. Testimonials from former students highlight the program's rigorous yet supportive environment, where they were able to build lasting relationships with peers and faculty while gaining critical knowledge that propelled their careers. Many alumni credit their successful placements in reputable firms to the comprehensive education and networking opportunities provided by the UIC Business Liautaud Graduate School.
In terms of admissions requirements, candidates for the Master of Science in Accounting and Financial Studies must meet several prerequisites. Prospective students are required to submit a transcript, resume, and a personal statement, which allows them to outline their career goals and motivations for choosing UIC. Additionally, non-native English speakers must demonstrate proficiency through standardized tests such as TOEFL or IELTS. The application also requires a letter of recommendation to support the candidate’s application. An application fee of $160 is applicable, and the program has multiple intakes with deadlines for applications set for March 15th, 2025, for the fall semester.
In conclusion, the Master of Science in Accounting and Financial Studies at the University of Illinois at Chicago not only prepares students with essential financial skills but also equips them to thrive in an ever-evolving global economy. It offers a unique blend of theoretical knowledge and practical application, all facilitated by a distinguished faculty and enriched by industry connections.
Why Study Master of Science in Accounting and Financial Studies at University of Illinois at Chicago
- Rigorous curriculum that combines core financial principles with cutting-edge topics.
- STEM-designated program providing extended Optional Practical Training (OPT) for international students.
- Access to experienced faculty with real-world insights and industry connections.
- Strategic location in Chicago, enhancing internship and job placement opportunities.
- Strong alumni network with proven success in various finance sectors.
- Flexible study options tailored to fit diverse student needs.
- High graduation and job placement rates, ensuring strong career outcomes.

Total Tuition Fees
$47,168

Duration
12 Months

Median Salary
$70,842
Ranking
#97
US World and News Report
#317
QS World University Rankings

Intake
Spring ( Apr - June )

Intake
Fall ( Sept - Nov )
Class Profile

Class Size
20

Average Age
25

Average Work Experience
2 Years
Diversity
International:
10%Others:
5%African American:
18%Asian American:
15%Hispanic American:
14%White American:
48%Career Outcomes

Median Earnings After Graduation
$70,842 / year

Graduation Rate
96%

Job Placement
94%
Prospective Job Roles
GIS Business Analyst
Credit Manager
Investment Analyst
Credit Risk Analyst
Financial Risk Manager
Equity and Inclusion Specialist
Investment Banking
Investment Advisor
Risk Manager
Investment Banker
Risk Analyst
Business Analyst
International Business Analyst
Credit Analyst
Global Business Analyst
Top recruiters














Eligibility Criteria
English Proficiency Tests
IELTS
6.5
TOEFL
80
PTE
54
Standardised Test Score
GMAT
600
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

Application Fee: 160
Transcript
Passport
Resume
Personal Statement
325
TOEFL
IELTS
General LOR
Application Deadlines
Standard Deadline | Priority 1 | Final Deadline | |
---|---|---|---|
Spring | Sep 1, 2024 | N/A | N/A |
Fall | N/A | Mar 15, 2025 | Apr 1, 2025 |
Fees and Funding

Tuition Fees
$47,168 / year

Overall Cost
$68,939 / year
Funding Options
Department Funding
Scholarships
A scholarship is gift assistance that does not have to be repaid. Scholarships are awarded based on a student's academic achievement, athletic ability, field of study, special talents, etc.
University of Illinois Alumni Scholarship
University of Illinois Chicago, Global
University of Illinois Merit Scholarship
The University of Illinois at Chicago
Chancellor's Fellowship
University of Illinois at Chicago Alumni Scholarship
University of Illinois at Chicago Graduate Fellowship
FAQs
- The time it will take to receive an admission decision will vary by program. Unfortunately, the Office of Admissions cannot provide a timeline for when a decision can be expected.
- Applicants must have earned at least a bachelor's degree from a regionally accredited college in the United States or a comparable degree from a recognized institution of higher learning abroad by the proposed term of admission at UIC.
- The Graduate College requires an undergraduate grade point average of at least 2.75 (A= 4.00) for the final 60 semester (90 quarter) hours of baccalaureate study (typically around two years), and all post-baccalaureate coursework.
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