University of Illinois Urbana-Champaign - Gies College of Business

Master of Science in Financial Engineering (MSFE)

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Master of Accounting Science (MAS)

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Duration
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Know More about the Illinois - Gies Master of Science in Financial Engineering (MSFE) Program

The Master of Science in Financial Engineering (MSFE) at the University of Illinois Urbana-Champaigns Gies College of Business combines finance, mathematics, and computational techniques to develop expertise in risk management, quantitative trading, and asset pricing. The program emphasizes data-driven decision-making and leverages industry connections for careers in finance and fintech. ..... Read More

Duration

18 Months

How does the Class Profile of Illinois - Gies's Master of Science in Financial Engineering (MSFE) Program look like?

Class Size

50

Average Age

25.0

Average Work Experience

2.0

Want to See Who You'll Be Learning With?

Explore detailed class demographics, academic backgrounds, and industry experiences that define your future classmates.

Where do graduates of Illinois - Gies's Master of Science in Financial Engineering (MSFE) program land? Discover More!

Median Earnings after Graduation

USD 110,000/- year

Graduation Rate

85.00 %

Recruiters

Goldman Sachs Bloomberg Citi CME Group Santander Bank Houlihan Lokey Federal Home Loan Banks Fifth Third Bank Valkyrie Trading Columbia Threadneedle Investments Phoenix TMA Armanino LLP Harvest Fund LUFAX

Multiple Prospective Job Roles such as

Quantitative Analyst Financial Engineer Risk Management Analyst Financial Data Scientist Algorithmic Trader Derivatives Analyst Financial Consultant Credit Risk Analyst Financial Product Developer

Eligibility Criteria for Illinois - Gies's Master of Science in Financial Engineering (MSFE) in Management program ?

Credential Evaluation Requirement

Mandatory English Proficiency Test

Mandatory GRE / GMAT Requirement

4 Year Bachelor’s Degree Requirement

Tuition Fees & Scholarship Opportunities!

Tuition Fees

USD 78,969/- PER YEAR

Application Fee

USD 90/-

Scholarship Opportunities upto

USD 6 Million

What makes Illinois - Gies's
Master of Science in Financial Engineering (MSFE) Different!

STEM-Designated, Quantitative, and Interdisciplinary Curriculum

The MSFE is a 3-semester, STEM-designated program that blends finance, mathematics, statistics, computer science, machine learning, and data analytics, equipping students with advanced quantitative and computational skills highly sought after in financial markets

Real-World, Industry-Driven Practicum Experience

Students gain hands-on experience through applied practicum projects with leading organizations such as CME Group, Morgan Stanley, Google, and BMO. These projects enable students to apply classroom learning to real financial challenges and build industry connections before graduation

Instruction by Renowned Faculty and Industry Practitioners

Courses are taught by distinguished professors and experienced industry professionals, ensuring students receive both rigorous academic training and practical market insights

Wide Range of Electives and Customization

Students can tailor their education with electives in areas such as data analytics, fintech, big data analytics, advanced corporate finance, and financial intermediation, allowing them to align their studies with specific career interests

Focus on Risk Management and Cutting-Edge Techniques

The program emphasizes the measurement, management, mitigation, and transfer of risk using state-of-the-art mathematical methods, optimization, neural networks, and machine learning, preparing graduates for dynamic roles in the world’s most innovative financial markets

Upcoming Illinois - Gies Events

Event Type
None
Virtual
In Person
Area Of Interest
None
MBA
Specialized Masters
Location
None
India
Africa
Middle East
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Business School Festival - US & Canada - Mumbai

Meet admission representatives from top-ranked North American Business Schools

Saturday, 26 July, 2025
12:30 PM - 5:00 PM
Taj Land's End
Register Now
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Business School Festival - US & Canada - Delhi

Meet admission representatives from top-ranked North American Business Schools

Sunday, 27 July, 2025
12:30 PM - 5:30 PM
Le Meridien
Register Now
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Business School Festival - US & Canada - Pune

Meet admission representatives from top-ranked North American Business Schools

Tuesday, 29 July, 2025
5:30 PM - 10:00 PM
Sheraton Grand Hotel
Register Now
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Business School Festival - US & Canada - Hyderabad

Meet admission representatives from top-ranked North American Business Schools

Thursday, 31 July, 2025
5:30 PM - 10:00 PM
Le Meridien
Register Now
img-blur-shadow

Business School Festival - US & Canada - Bengaluru

Meet admission representatives from top-ranked North American Business Schools

Saturday, 02 August, 2025
12:30 PM - 5:30 PM
Taj MG Road
Register Now

On Demand Events

img-blur-shadow

Alumni Insights - Careers in Product and Project Management

Alumni Perspectives on Building Careers in Product and Project Management
Register to access the video
img-blur-shadow

Mastering Consumer Decision-Making: How Brands Can Influence, Empower, and Elevate Choices

Encouraging your customers to make better decisions
Register to access the video
img-blur-shadow

From Any Background to Accounting Leadership in the USA: The Gies MSA Advantage

Get to know how the Gies MSA Program Prepares You for a Data-Driven Financial Career
Register to access the video

Know More about the Illinois - Gies Master of Science in Financial Engineering (MSFE) Program

The Master of Science in Financial Engineering (MSFE) at the University of Illinois Urbana-Champaigns Gies College of Business combines finance, mathematics, and computational techniques to develop expertise in risk management, quantitative trading, and asset pricing. The program emphasizes data-driven decision-making and leverages industry connections for careers in finance and fintech. ..... Read More

Duration

18 Months

How does the Class Profile of Illinois - Gies's Master of Science in Financial Engineering (MSFE) Program look like?

Class Size Monish

50

Average Age

25.0

Average Work Experience

2.0

Want to See Who You'll Be Learning With?

Explore detailed class demographics, academic backgrounds, and industry experiences that define your future classmates.

Where do graduates of Illinois - Gies's Master of Science in Financial Engineering (MSFE) program land? Discover More!

Median Earnings after Graduation

USD 110,000/- year

Graduation Rate

85.00 %

Recruiters

Goldman Sachs Bloomberg Citi CME Group Santander Bank Houlihan Lokey Federal Home Loan Banks Fifth Third Bank Valkyrie Trading Columbia Threadneedle Investments Phoenix TMA Armanino LLP Harvest Fund LUFAX

Multiple Prospective Job Roles such as

Quantitative Analyst Financial Engineer Risk Management Analyst Financial Data Scientist Algorithmic Trader Derivatives Analyst Financial Consultant Credit Risk Analyst Financial Product Developer

Eligibility Criteria for Illinois - Gies's Master of Science in Financial Engineering (MSFE) in Management program ?

Credential Evaluation Requirement

Mandatory English Proficiency Test

Mandatory GRE / GMAT Requirement

4 Year Bachelor’s Degree Requirement

Tuition Fees & Scholarship Opportunities!

Tuition Fees

USD 78,969/- PER YEAR

Application Fee

USD 90/-

Scholarship Opportunities upto

USD 6 Million

What makes Illinois - Gies's
Master of Science in Financial Engineering (MSFE) Different!

STEM-Designated, Quantitative, and Interdisciplinary Curriculum

The MSFE is a 3-semester, STEM-designated program that blends finance, mathematics, statistics, computer science, machine learning, and data analytics, equipping students with advanced quantitative and computational skills highly sought after in financial markets

Real-World, Industry-Driven Practicum Experience

Students gain hands-on experience through applied practicum projects with leading organizations such as CME Group, Morgan Stanley, Google, and BMO. These projects enable students to apply classroom learning to real financial challenges and build industry connections before graduation

Instruction by Renowned Faculty and Industry Practitioners

Courses are taught by distinguished professors and experienced industry professionals, ensuring students receive both rigorous academic training and practical market insights

Wide Range of Electives and Customization

Students can tailor their education with electives in areas such as data analytics, fintech, big data analytics, advanced corporate finance, and financial intermediation, allowing them to align their studies with specific career interests

Focus on Risk Management and Cutting-Edge Techniques

The program emphasizes the measurement, management, mitigation, and transfer of risk using state-of-the-art mathematical methods, optimization, neural networks, and machine learning, preparing graduates for dynamic roles in the world’s most innovative financial markets

Upcoming Illinois - Gies Events

Event Type
None
Virtual
In Person
Area Of Interest
None
MBA
Specialized Masters
Location
None
India
Africa
Middle East
img-blur-shadow

Business School Festival - US & Canada - Mumbai

Meet admission representatives from top-ranked North American Business Schools

Saturday, 26 July, 2025
12:30 PM - 5:00 PM
Taj Land's End
Register Now
img-blur-shadow

Business School Festival - US & Canada - Delhi

Meet admission representatives from top-ranked North American Business Schools

Sunday, 27 July, 2025
12:30 PM - 5:30 PM
Le Meridien
Register Now
img-blur-shadow

Business School Festival - US & Canada - Pune

Meet admission representatives from top-ranked North American Business Schools

Tuesday, 29 July, 2025
5:30 PM - 10:00 PM
Sheraton Grand Hotel
Register Now
img-blur-shadow

Business School Festival - US & Canada - Hyderabad

Meet admission representatives from top-ranked North American Business Schools

Thursday, 31 July, 2025
5:30 PM - 10:00 PM
Le Meridien
Register Now
img-blur-shadow

Business School Festival - US & Canada - Bengaluru

Meet admission representatives from top-ranked North American Business Schools

Saturday, 02 August, 2025
12:30 PM - 5:30 PM
Taj MG Road
Register Now

On Demand Events

img-blur-shadow

Alumni Insights - Careers in Product and Project Management

Alumni Perspectives on Building Careers in Product and Project Management
Register to access the video
img-blur-shadow

Mastering Consumer Decision-Making: How Brands Can Influence, Empower, and Elevate Choices

Encouraging your customers to make better decisions
Register to access the video
img-blur-shadow

From Any Background to Accounting Leadership in the USA: The Gies MSA Advantage

Get to know how the Gies MSA Program Prepares You for a Data-Driven Financial Career
Register to access the video

Connect with Illinois - Gies's Faculty in one click ...

Curious About Who Will Be Teaching You?

Explore other Illinois - Gies programs

Master of Accounting Science (MAS)

Duration
9 MONTHS

Master of Science in Business Analytics (MSBA)

Duration
9 MONTHS

Master of Science in Finance

Duration
15 MONTHS

Master of Science in Management

Duration
9 MONTHS

Master of Science in Technology Management (MSTM)

Duration
12 MONTHS
View All

Frequently Asked Questions

Get all your questions answered about Master of Science in Financial Engineering (MSFE) by Illinois - Gies

The principal difference between the MSF and MSFE programs is the greater emphasis on quantitative techniques and programming required in the MSFE program. MSFE prepares students for quantitatively- oriented finance careers, including careers in derivatives valuation, hedging, risk management, trading and portfolio management. The curriculum includes applied mathematics and statistics, computer programming, and finance. Half of the courses are taught by engineering faculty and the other are taught by finance faculty.
No, it is not required. Our current student's undergraduate backgrounds are in fields such as engineering, mathematics, physics, computer science, economics, statistics and finance.
No. The GRE/GMAT is not required but you may submit your score report to be used by the Admissions Committee as additional evaluative measures.
Securing an internship is the student’s responsibility. Although, with our guest speaker series and field trips to the Chicago and/or New York financial districts, a student has the opportunity to gain important business contacts for future employment and/or internships. Being a part of the MSFE Program allows our students to have access to both the College of Engineering’s Career Services Department and the College of Business’ Career Service Department. This provides them with double the resources to execute a strategy for finalizing internships and job placements.
You have twice as many options! Because MSFE is a joint program of the College of Engineering and the College of Business, MSFE students have the opportunity to participate in both Colleges' Career Service programs! Primary career services will be provided by the College of Engineering Career Services (ECS), however you will be eligible to register with the College of Business Career Services (BCS) and participate in College of Business Career fairs.

Contact us

For any queries, please feel free to reach out to us!

email
Email

jshamma@illinois.edu

call
Phone

++1 217-2656210