Illinois State University United States

Applied Economics - Financial Economics (M.S.)

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 2 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon January 2027

Course Overview

The Master of Science in Applied Economics with a specialization in Financial Economics at Illinois State University is designed for ambitious students seeking to deepen their understanding of financial theory, markets, and institutions. This rigorous postgraduate program complements core applied economic analysis with specialized training, preparing you for impactful roles in the financial sector or further academic pursuits. You will engage with critical concepts in the financial theory of the firm and gain expertise in areas vital to today's dynamic economy, making this a STEM-designated degree for enhanced career prospects.

This full-time, on-campus Master's degree is structured over two years, providing a comprehensive curriculum that includes a robust core of 21 hours in economics, alongside 6 hours of finance courses and electives. You will develop advanced analytical skills through coursework such as ECO 437, ECO 438, and MBA 440, potentially accessing graduate-level finance courses with strong academic performance. Upon completion, you will graduate with the quantitative and theoretical expertise necessary to pursue careers in investment banking, asset management, financial consulting, or to continue your education at the doctoral level.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This Master of Science program in Applied Economics with a specialization in Financial Economics provides advanced training in economic theory and quantitative methods applied to financial markets and institutions. Students will develop a strong foundation in both theoretical and empirical aspects of finance, preparing them for careers in financial analysis, investment management, banking, and related fields. The curriculum emphasizes the application of economic principles to understand and navigate the complexities of the global financial landscape.

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 15,798.00
Second Year Fee Tuition fee
USD 15,798.00
Total Program Cost Estimated total tuition
USD 31,596.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 1,000.00 - USD 1,600.00
Food & Groceries USD 3,000.00 - USD 4,560.00
Transport USD 600.00 - USD 1,200.00
Utilities & Bills USD 960.00 - USD 1,800.00
Estimated Total USD 4,560.00 - USD 7,560.00

Living cost estimates are based on Illinois Campus.

Outcomes & Employability

What happens after you graduate

91%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Civil & Infrastructure EngineeringConstruction Technology & Digital SolutionsElectrical & Mechanical InstallationFinancial Technology (Fintech)Industrial & Offshore ConstructionInvestment Management & Asset ManagementProject & Construction ManagementQuantity Surveying & Cost EstimationResidential ConstructionWealth Management & Financial Advisory

Top Employers Hiring for this course

CBRE Group Inc

COUNTRY Financial®

Capital one

HUB international

State Farm

Why Study Applied Economics - Financial Economics (M.S.) at Illinois State University

What makes this program stand out

January 2027 Closing soon

Next intake is in January 2027

Very Fast Application response time

Illinois State University typically responds to applications within 1 - 2 days, giving you clarity on your options quickly.

Life at Illinois State University in United States

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Applied Economics - Financial Economics (M.S.) at Illinois State University

Can I work while studying?

International students can work up to 20 hours per week on-campus during studies and full-time during breaks. Off-campus work may be possible after the first year with university approval.

What English language score do I need for this course?

English proficiency is required, with tests accepted including Duolingo (overall score 105), TOEFL (79), IELTS (6.5), and PTE (53). Make sure you meet these requirements before applying.

What jobs can I get after studying this course?

Potential job titles include financial analyst, investment banker, economic consultant, risk manager, and asset manager.

What will I actually study in this course?

This program offers training in financial theory, financial markets, and institutions, integrating applied economics analysis. It's aimed at students interested in the financial sector or pursuing a Ph.D.

When can I start — what are the intake months?

The Applied Economics - Financial Economics (M.S.) program has two intake months: January and August. You can apply for admission during either of these times.
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