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
Next Intake TBA

Course Overview

The M.S. in Financial Economics at the Illinois Institute of Technology equips you with a robust understanding of economic principles applied to financial markets, preparing you for advanced roles in finance. This interdisciplinary program integrates core concepts from economics, econometrics, and finance, allowing you to develop sophisticated quantitative and analytical skills. You will gain expertise in areas such as asset pricing, financial engineering, and risk management, making you a valuable candidate for roles demanding rigorous economic modeling and financial acumen. This master's degree is ideal for those seeking to deepen their analytical capabilities within the financial sector.

You will pursue this full-time, on-campus master's degree over two years (four semesters), with the option to complete it in as little as 16 months. The curriculum includes 30 credit hours of coursework, featuring core subjects like Mathematical Economics, Econometrics, Valuation, and Financial Statement Analysis. You can further specialize through elective concentrations in Asset Pricing, Financial Engineering, Risk Management, Corporate Finance, or Data Analytics. Upon graduation, you will be prepared for diverse career paths in investment banking, portfolio management, financial analysis, and economic consulting.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This Master of Science in Financial Economics program provides a rigorous foundation in economic theory and quantitative methods essential for financial analysis. Core coursework covers mathematical economics, econometrics, statistics, valuation, and financial statement analysis. Students can further specialize through electives in areas such as asset pricing, financial engineering, risk management, corporate finance, or data analytics, allowing for tailored development of expertise in specific financial domains.

1 Core Courses

Mathematical Economics I (Microeconomics) Required
Econometrics and Statistics I Required
Mathematical Economics II (Microeconomics and Macroeconomics) Required
Econometrics and Statistics II Required
Valuation and Portfolio Management Required
Financial Statement Analysis Required

2 Elective/Concentration Courses

3 Asset Pricing and Investments

Theory of Finance I
Investments
Equity Valuation

4 Financial Engineering

Derivative Securities
Models for Derivatives
Fixed Income Portfolio Management

5 Risk Management

Credit Risk Management
Market Risk Management
Time Series Analysis

6 Corporate Finance and Valuation

Corporate Finance
Investment Banking and Venture Capital
Equity Valuation

7 Data Analytics

Analytics for Decision Making
Visual Analytics - Data Analytics & Visualization
Time Series Analysis

8 Custom Concentration

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 27,765.00
Second Year Fee Tuition fee
USD 27,765.00
Total Program Cost Estimated total tuition
USD 55,530.00

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

Living Costs

Accommodation
USD 1,080.00 - USD 2,995.00
Food & Groceries USD 3,600.00 - USD 5,400.00
Transport USD 840.00 - USD 1,440.00
Utilities & Bills USD 1,200.00 - USD 2,040.00
Estimated Total USD 5,640.00 - USD 8,880.00

Living cost estimates are based on Eureka Campus.

Outcomes & Employability

What happens after you graduate

68%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Banking & Financial ServicesBlockchain & Emerging TechnologiesConsumer Finance & Credit ServicesCustoms, Trade & ComplianceData Science & AnalyticsFinancial Technology (Fintech)Insurance & Risk ManagementNetworking & Internet ServicesQuality Assurance & TestingSoftware Development & Engineering

Top Employers Hiring for this course

Amazon

Bank of America

Capital one

Deloitte

Why Study Financial Economics (M.S.) at Illinois Institute of Technology

What makes this program stand out

Moderate Application response time

Illinois Institute of Technology typically responds to applications within 1 - 2 weeks, giving you clarity on your options quickly.

Life at Illinois Institute of Technology 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 Financial Economics (M.S.) at Illinois Institute of Technology

Can I work while studying?

International students can work up to 20 hours per week during term time and full-time during breaks. On-campus work does not require a separate permit.

What English language score do I need for this course?

To apply, you must meet the English test requirements: Duolingo with an overall score of 115, TOEFL with a minimum overall score of 80, or IELTS with a minimum overall score of 6.5.

What jobs can I get after studying this course?

Graduates can pursue careers as financial analysts, risk managers, corporate finance specialists, asset pricing analysts, and data analysts.

What will I actually study in this course?

This program combines economics and finance, focusing on asset pricing and risk management. It equips students with mathematical and analytical skills for successful careers in various sectors.

When can I start — what are the intake months?

The Master of Science in Financial Economics program has an intake month in September. Make sure to prepare your application well in advance to secure your spot.
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