About Financial Engineering, Ms in University of Illinois At Urbana Champaign
Financial Engineering (FE) is the application of quantitative methods to the analysis of financial markets and financial products. The quantitative techniques may include Mathematics, Statistics, Computer Science, Machine Learning, Neural Nets, and generalized Data Analytics. The applications include searching for opportunities as well as deriving solutions to financial problems. All financial markets are a subject for FE, from public exchanges to private over-the-counter markets. Similarly, all financial products, from equities, bonds and derivatives to bitcoins are candidates for quantification. An overarching theme for FE involves balancing reward against techniques for the measurement, management, and mitigation of risk.
Academic qualification equivalents
- Applicants must have a bachelor’s degree
English language requirements
- IELTS : 7.0
- TOEFL IBT: 102
University of Illinois At Urbana Champaign Highlights
| Application Portal |
Coalition Application/MyIllini application (Undergraduate Applicant)
Online Graduate Portal (Graduate Applicant) |
| Application Fee |
75 USD (International Undergraduate Applicant);
90 USD (International Graduate Applicant) |
| Acceptance Rate |
59% |
| Graduation Rate |
85% |
| SAT Score (Middle 50%) |
1400-1530 |
| ACT Score (Middle 50%) |
26-32 |
| Mode of Payment |
Visa/MasterCard Credit Card |
| Academic Calendar |
Semester Based |
| Intake Seasons |
Fall, Spring, and Summer |
| Work Experience |
Required for certain graduate programs |
| Financial Aid |
Scholarship, Grants, and Loans |
| International Student Helpdesk |
isss@illinois.edu |
University of Illinois At Urbana Champaign Annual Cost to Attend
Illinois Resident Tuition - $12,036
| Fee |
Cost |
| Books and Supplies |
$1,200 |
| Other Fees |
$3,086 |
| Room and Board |
$11,480 |
| Budget for Other Expenses |
$2,500 |
| Total One Year Cost |
$30,302 |
Out of State Resident Tuition -$29,178
| Fee |
Cost |
| Books and Supplies |
$1,200 |
| Other Fees |
$3,086 |
| Room and Board |
$11,480 |
| Budget for Other Expenses |
$2,500 |
| Total One Year Cost |
$47,444 |
