Master of Science in Finance

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 1 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon January 2027

Course Overview

The Master of Science in Finance at Illinois Institute of Technology is designed for ambitious professionals seeking to deepen their expertise in financial markets and quantitative analysis. You will explore core financial concepts, including mathematics with financial applications, statistical analysis, and financial modeling, while developing a valuable specialization through elective concentrations. This program is ideal for individuals aiming to advance their careers in areas such as investment banking, risk management, or financial technology, providing a robust foundation for complex financial decision-making.

You will study this postgraduate degree on campus full-time over 12–15 months, or part-time over two years, completing 10 courses. The curriculum integrates theoretical knowledge with practical application, featuring required courses in valuation, derivatives, and financial statement analysis. You will have the opportunity to choose a concentration in areas like Mathematical Finance, Financial Technology, or Risk Management, allowing you to tailor your learning to specific industry needs. Upon graduation, you will be prepared for advanced roles in the finance sector, equipped with specialized skills and a strong analytical toolkit.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

The Master of Science in Finance program offers a comprehensive curriculum designed to equip students with advanced financial knowledge and analytical skills. Core courses cover essential topics such as financial mathematics, statistical analysis, financial modeling, valuation, portfolio management, derivatives, and financial statement analysis. Students can further specialize through various tracks, including Mathematical Finance, Financial Technology, Portfolio Management, Risk Management, Quantitative Modeling and Trading, and Corporate Finance and Valuation. The program also provides opportunities for elective study in areas like entrepreneurial finance and special topics in finance.

1 Core Courses

Mathematics with financial applications Compulsory
Statistical analysis in financial markets Compulsory
Financial modeling Compulsory
Valuation and portfolio management Compulsory
Futures, options, and OTC derivatives Compulsory
Financial statement analysis Compulsory

2 Mathematical Finance

Investments
Theory of finance I
Theory of finance II

3 Financial Technology

Machine learning for finance and business
High frequency finance and technology
Global markets and technology

4 Portfolio Management

Asset valuation
Quantitative portfolio management
Fixed income portfolio management

5 Risk Management

Market risk management
Credit risk management
Time series analysis

6 Quantitative Modeling and Trading

Models for derivatives
Term structure modeling and interest rate derivatives
Energy commodities analytics and trading

7 Corporate Finance and Valuation

Corporate finance
Investment banking and venture capital
Asset valuation

8 Elective Course

Entrepreneurial finance
Special topics in finance
Independent study in finance

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 61,083.00
Total Program Cost Estimated total tuition
USD 61,083.00

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

Architecture & Urban PlanningBlockchain & Emerging TechnologiesConsumer Finance & Credit ServicesFleet Management & OperationsInvestment Management & Asset ManagementPerformance & Growth MarketingResidential ConstructionSatellite CommunicationsSupply Chain & Freight ManagementTransport Engineering & Infrastructure

Top Employers Hiring for this course

Amazon

Amazon Web Services

Deloitte

Gensler

INTEL

Microsoft

Why Study Master of Science in Finance at Illinois Institute of Technology

What makes this program stand out

January 2027 Closing soon

Next intake is in January 2027

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 Master of Science in Finance 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 without a separate work permit. Off-campus work requires university approval after the first year.

What English language score do I need for this course?

For admission, you must meet specific English test requirements: a Duolingo score of 115, a TOEFL overall score of 80, or an IELTS overall score of 6.5. Ensure you achieve the minimum scores in all relevant sections.

What jobs can I get after studying this course?

Graduates can pursue careers as Financial Analysts, Risk Managers, Portfolio Managers, Corporate Finance Analysts, or Quantitative Analysts.

What will I actually study in this course?

Program Overview

By choosing Illinois Tech’s Master of Science in Finance degree program, you’ll enjoy a number of program advantages, including:

  • Gain professional expertise through Illinois Tech’s Elevate program. This one-of-a-kind program guarantees access to hands-on experiences—including research projects, internships, study away, competitions, short courses, and more—as well as personalized academic and career mentorship, all in pursuit of ensuring that our students

When can I start — what are the intake months?

You can start the Master of Science in Finance program at Illinois Tech in either January or September. Choose the intake month that best fits your schedule and academic goals.
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