Master of Science [M.S] (Financial Engineering)
STEM Course
1 year
Full Time
On Campus
Field of Study:
Ranked #48 out of 1200 by THE Global Ranking 2022
₹28,744/Yr
лв29,034 /Yr
21 Students Applied
16 Students Admitted
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹28744 (KGS 29034) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Board | ₹13181 (KGS 13314) |
| Books and supply | ₹891 (KGS 900) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | ₹69944 (KGS 70650) |
- MS in Financial Engineering at the University of Illinois-Urbana Champaign is offered as a 1-year (3 semester) program by the Gies College of Business.
- This university is ranked #47 in the National University Rankings by US News 2021.
- It is an on-campus program offered on a full-time basis only.
- Financial Engineering (FE) is the application of quantitative methods to the analysis of financial markets and financial products.
- The objective of the MSFE program is to provide students with exposure to the latest in theory and techniques in the financial markets and apply their knowledge even before graduation with real-world projects.
- The Master of Science in Financial Engineering (MSFE) degree program is jointly sponsored by the Department of Industrial and Enterprise Systems Engineering (ISE) in The Grainger College of Engineering and the Department of Finance in the Gies College of Business.
- 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.
- The MS in Financial Engineering program consists of 48 credits.
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Eligibility & Entry Requirement
Academic Eligibility:
- Applicants must hold a bachelor’s degree in an engineering field, mathematics, physics, computer science, or economic or equivalent from a recognized institution.
- A GPA of at least 3.25/4.0 is required to be eligible for the program.
- Prerequisites:
- 1 year of Calculus.
- 1 semester of Linear Algebra and Differential Equations.
- 1 semester of Probability and Statistics.
- 1 semester of Programming (preferably in C/C++).
- Knowledge of basic finance is helpful but not required.
Indian Student Eligibility:
- Students must complete a 4 year Bachelor's Degree with first-class in a relevant field from a highly ranked university in India.
- Or, students completed a master's degree with first-class in a relevant field from a recognized institution.
- Full Status Admission Minimum GPA Requirements:
- 55%
- 2nd Class Upper
- 8/10
Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.
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Scores Required
3.25 / 4
Minimum gpa
GPA
Duolingo English Test Minimum Score: 105
Required Document List
The following required documents are:
- Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Three Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
- Statement of Purpose: This statement must describe your qualifications and the objectives of your intended educational program.
- Personal Statement: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
- Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.
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Key Resources for Your Study Abroad Journey
Course Guides
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MBA in Finance in USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
Career and Placement after Course
The careers after graduation are:
- Financial engineer
- Investment manager
- Portfolio manager
- Risk manager
- Trading strategist
- Financial manager
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College Student Profiles
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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Ritchie-Jennings Memorial Scholarship Program | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| TEC Scholarship | Scholarship per student₹ 990/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Narotam Sekhsaria Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| QS scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| Jane M. Klausman Women in Business Scholarship | Scholarship per student₹ 4,950/Yr$5,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Richard A. Freund International Scholarship | Scholarship per student₹ 4,950/Yr$5,000 | Level Of StudyDoctorate | TypeMerit-Based |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
-- | INR 28,744/Yr KGS 29,034 /Yr |
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Important Dates
| Program | Important Dates |
|---|---|
| M.S Computer Science | Quarter 3 (29th Nov 2024) Quarter 4 (28th Nov 2024) |
| M.B.A | Quarter 2 (27th Nov 2024) Quarter 1 (3rd Dec 2024) |
| M.S Aerospace Engineering | get today (30th Nov 2024) Late Year (25th Nov 2024) Quarter 4 (20th Feb 2025) |
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