QS Rank:

69

University of Illinois at Urbana Champaign

Illinois
,United States

Program Name
Master of Science in Finance

Deadline
September 17th, 2023
Overview

Embarking on a journey towards academic and professional excellence in the realm of finance can be a life-changing decision, and pursuing a Master of Science in Finance at the University of Illinois at Urbana-Champaign is an unparalleled opportunity for aspiring finance professionals. This prestigious program is designed not only to provide theoretical knowledge but also to immerse students in practical applications, ensuring they are well-equipped to tackle real-world financial challenges upon graduation. The curriculum is meticulously crafted to cover essential areas such as financial analysis, investment management, risk assessment, and corporate finance, enabling students to gain a comprehensive understanding of the dynamic financial landscape.
The program's curriculum integrates rigorous coursework with hands-on experiences, allowing students to engage in experiential learning through case studies, simulations, and collaborative projects. Core courses include Financial Accounting, Investment Analysis, Risk Management, and Corporate Finance, supplemented with elective courses that allow students to tailor their education according to their career aspirations. This well-rounded approach not only develops their analytical skills but also enhances their ability to make informed decisions in complex financial situations. The academic structure emphasizes the importance of quantitative analysis, preparing graduates to excel in data-driven environments.
At the heart of the program lies a faculty composed of esteemed experts and industry leaders who bring a wealth of real-world experience to the classroom. The faculty's diverse backgrounds in academia and the finance sector foster an engaging learning environment where students benefit from hands-on guidance and mentorship. Faculty members often incorporate cutting-edge research and current financial trends into their teachings, which keeps the curriculum relevant and competitive. Students are encouraged to collaborate with faculty on various research projects, offering them the chance to contribute to impactful findings that may influence finance practices globally.
The University of Illinois at Urbana-Champaign is also renowned for its commitment to research innovation and excellence. Students in the Master of Science in Finance program are afforded ample opportunities to participate in groundbreaking research initiatives across various finance disciplines. The university boasts state-of-the-art research facilities and laboratories that provide students with the tools necessary to conduct advanced financial analyses. This hands-on research experience is invaluable, enabling students to explore complex financial problems and develop innovative solutions that could lead to significant industry advancements.
Moreover, the program thrives on its robust connections with industry partners, which opens doors for students to secure internships and job placements at leading financial institutions. With its extensive network of alumni and partnerships with firms across various sectors, the university effectively bridges the gap between education and employment. Internship opportunities during the course provide students with practical experience, enhancing their employability and allowing them to establish vital professional networks. These experiences not only enrich students' learning but often lead to lucrative job offers upon graduation.
The career pathways for graduates of the Master of Science in Finance program are both diverse and promising. Alumni have successfully secured positions in top-tier investment banks, hedge funds, consulting firms, and corporate finance departments. Their roles range from financial analysts and investment bankers to risk management specialists and portfolio managers. The program's high graduate employability rate signifies its effectiveness in preparing students for successful careers in finance. Alumni testimonials frequently highlight how the knowledge and skills acquired during their studies have been instrumental in their career achievements, reflecting the program’s impact on their professional journeys.
In addition to its academic rigor and career support, the Master of Science in Finance program at the University of Illinois at Urbana-Champaign is distinguished by unique features that further enhance the student experience. The program offers a global perspective on finance, attracting a diverse community of international students, which enriches classroom discussions and fosters a vibrant learning atmosphere. Furthermore, the university's commitment to sustainability and ethical finance empowers students to engage in socially responsible practices within their future careers.
Students are also encouraged to participate in finance-related clubs and organizations, which provide additional networking opportunities and allow them to engage with industry professionals through workshops and seminars. This holistic approach ensures that graduates are not only knowledgeable but also well-prepared to make meaningful contributions in their chosen fields.
**Admission Requirements**: To apply for the Master of Science in Finance, prospective students must meet specific eligibility criteria. The application process requires a completed application form, a non-refundable application fee of $90, and standardized test scores such as the GRE or GMAT (if applicable). International students are required to demonstrate English proficiency through standardized language tests like IELTS or TOEFL, with minimum scores of 7.5 and 103 respectively. Additionally, applicants should provide a statement of purpose, letters of recommendation, and transcripts from previous academic institutions.
Why Study Finance at University of Illinois at Urbana-Champaign
- A popular choice for international students with a diverse community, allowing for rich cross-cultural interactions.
- Learn from leading faculty members who are accomplished researchers and industry practitioners, providing insights into real-world finance challenges.
- Access to cutting-edge facilities and labs that support advanced research and practical financial analysis.
- Strong industry connections offering exceptional internship and job placement programs after course completion, enhancing career prospects.
This blend of rigorous academics, practical learning, and extensive networking opportunities makes the Master of Science in Finance at the University of Illinois at Urbana-Champaign a compelling choice for students aspiring to excel in the dynamic world of finance.

Duration
15 Months
Ranking
#41
US World and News Report
#48
The World University Rankings
#69
QS World University Rankings
Class Profile
Diversity
Black or African American:
14%Hispanic or Latino:
6%Others:
3%White:
64%Asian:
11%Two or more races:
2%Eligibility Criteria
English Proficiency Tests
IELTS
7.5
TOEFL
103
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: 90
Application Deadlines
Round 1 | |
---|---|
Spring | Sep 17, 2023 |
Fees and Funding

Tuition Fees
$52,001 / year
FAQs
To apply for the Master of Science in Finance at the University of Illinois at Urbana-Champaign, prospective students must meet the following eligibility criteria:
- A completed application form.
- A non-refundable application fee of $90.
- Standardized test scores such as the GRE or GMAT (if applicable).
- International students must demonstrate English proficiency through standardized tests like IELTS (minimum score of 7.5) or TOEFL (minimum score of 103).
- A statement of purpose.
- Letters of recommendation.
- Transcripts from previous academic institutions.
The Master of Science in Finance program at the University of Illinois at Urbana-Champaign features a well-rounded curriculum that integrates rigorous coursework with hands-on experiences. Key components of the program structure include:
- Core courses such as Financial Accounting, Investment Analysis, Risk Management, and Corporate Finance.
- Elective courses that allow students to tailor their education according to their career goals.
- Experiential learning opportunities through case studies, simulations, and collaborative projects.
This structure ensures that students develop both analytical skills and practical experience, preparing them for real-world financial challenges.
The program employs a variety of teaching methods to enhance student learning, including:
- Rigorous coursework that covers essential finance topics.
- Experiential learning opportunities such as case studies and simulations.
- Collaborative projects that encourage teamwork and practical application of financial concepts.
- Hands-on guidance and mentorship from esteemed faculty members who incorporate current financial trends into their teaching.
This diverse approach ensures that students are well-equipped to tackle complex financial situations.
Graduates of the Master of Science in Finance program enjoy diverse and promising career pathways. Alumni have successfully secured positions in various sectors, including:
- Top-tier investment banks.
- Hedge funds.
- Consulting firms.
- Corporate finance departments.
Common roles include financial analysts, investment bankers, risk management specialists, and portfolio managers. The program's high graduate employability rate reflects its effectiveness in preparing students for successful careers in finance.
The Master of Science in Finance program at the University of Illinois at Urbana-Champaign is distinguished by several unique features:
- A global perspective on finance, attracting a diverse community of international students.
- A commitment to sustainability and ethical finance, encouraging socially responsible practices.
- Access to cutting-edge research facilities and laboratories that support advanced financial analyses.
- Robust connections with industry partners, providing exceptional internship and job placement opportunities.
These elements enhance the overall student experience and prepare graduates for meaningful contributions in their careers.
The Master of Science in Finance program provides extensive career development support through:
- Robust connections with industry partners, opening doors for internships and job placements.
- An extensive alumni network that helps bridge the gap between education and employment.
- Opportunities to participate in finance-related clubs and organizations, facilitating networking with industry professionals.
These resources enrich students' learning experiences and significantly enhance their employability upon graduation.
Students in the Master of Science in Finance program will learn from a faculty composed of esteemed experts and industry leaders. The faculty's diverse backgrounds in academia and the finance sector provide:
- Hands-on guidance and mentorship.
- Insights into real-world finance challenges.
- Incorporation of cutting-edge research and current financial trends into the curriculum.
This engaging learning environment allows students to benefit from the wealth of experience that faculty members bring to the classroom.
The Master of Science in Finance program offers students ample opportunities to engage in groundbreaking research initiatives across various finance disciplines. Research opportunities include:
- Participation in collaborative research projects with faculty.
- Access to state-of-the-art research facilities and laboratories for advanced financial analyses.
- Exploration of complex financial problems to develop innovative solutions.
This hands-on research experience is invaluable for students, contributing to their academic and professional growth.
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