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QS Rank:

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317

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University of Illinois at Chicago

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Illinois

United States

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Program Rank

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365

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.
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Total Tuition Fees

$47,168

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Duration

12 Months

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Median Salary

$70,842

Ranking

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#97

US World and News Report

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#317

QS World University Rankings

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Intake

Spring ( Apr - June )

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Intake

Fall ( Sept - Nov )

Class Profile

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Class Size

20

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Average Age

25

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Average Work Experience

2 Years

Diversity

International:

10%

Others:

5%

African American:

18%

Asian American:

15%

Hispanic American:

14%

White American:

48%

Career Outcomes

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Median Earnings After Graduation

$70,842 / year

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Graduation Rate

96%

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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

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Eligibility Criteria

English Proficiency Tests

  • IELTS

    6.5

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  • TOEFL

    80

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  • PTE

    54

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Standardised Test Score

  • GMAT

    600

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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.

intake

Application Fee: 160

  • intake

    Transcript

  • intake

    Passport

  • intake

    Resume

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    Personal Statement

    325

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    TOEFL

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    IELTS

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    General LOR

Application Deadlines

Standard DeadlinePriority 1Final Deadline
SpringSep 1, 2024N/AN/A
FallN/AMar 15, 2025Apr 1, 2025

Fees and Funding

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Tuition Fees

$47,168 / year

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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.

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    University of Illinois Alumni Scholarship

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    University of Illinois Chicago, Global

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    University of Illinois Merit Scholarship

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    The University of Illinois at Chicago

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    Chancellor's Fellowship

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    University of Illinois at Chicago Alumni Scholarship

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    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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