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Master of Business Administration - Quantitative Finance (STEM) Illinois Institute of Technology - Downtown Campus Illinois Institute of Technology - Downtown Campus, USA

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USD 33318

Annual Tuition Fee

!
*Subject to change and other fees
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USD 100

Application Fee

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24 months

Duration

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6.5

IELTS

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80

TOEFL

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70%

Min GPA

Program Overview

The Master of Business Administration (M.B.A.) Quantitative Finance program at Illinois Institute of Technology’s Stuart School of Business offers rigorous training in management and finance that distinctively prepares you for high-level managerial and consulting roles in a wide range of businesses and organizations.

The program’s tech-focused curriculum is designed to build your comprehensive business skills and expertise in strategic decision-making, analytics, leadership, and managing innovation. Courses drawn from Stuart’s nationally ranked M.S. in Finance program provide a foundational understanding of finance, financial instruments, and financial markets that you can apply in any business environment.

You’ll study with faculty who bring extensive industry experience into the classroom and teach with an applied approach that connects theory to real-world practice. You’ll also benefit from Illinois Tech’s legacy of 125 years of business education and curricular innovation, including establishing quantitative finance as an academic discipline and offering the world’s first graduate program in financial markets and trading.

Our location in downtown Chicago—home to the world’s largest markets in financial derivatives—and connections with leading professionals and companies across the city’s global business and financial hub provide opportunities for internships, networking, and jobs.

Program Overview

Stuart’s M.B.A. Quantitative Finance program combines a broad-based knowledge of management and operations, business decision-making, and leadership with quantitative skills and knowledge in finance. Our graduates are prepared to excel in key management and leadership roles, and advance their careers at businesses and organizations across all industries.

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Additional Information

Program Level Master's Degree

College/University Processing Time 28 Days

Program Format Full-Time

Optional Practical Training (OPT) work permit

Program Intake

Closed

Jan 2026

General Admission Requirement

    Academic Requirement

    • Minimum Level of Education Required: To be accepted into this program, applicants must have a bachelor’s degree.

    6.5 IELTS Score
    80 TOEFL Score Minimum Overall Score
    115 Duolingo Minimum Overall Score
    70% CGPA Minimum Overall Score

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    Tuition Fee

    The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the Programs page.

    Average Tuition Fee Per Year

    33318

    Tuition Fee
    (USD)

    USD 100

    Application Fee
    (USD)

    12000 Per year

    Average Cost of Living
    (USD)

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    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

    Check program website for more information about funding options.

    Scholarships

    Type of Scholarship Scholarship Information Amount/ Range
    International Undergraduate Student Scholarships International Undergraduate Student Scholarships Criteria:
    Open to international first-year and transfer students.
    No separate application required; considered automatically upon admission.
    Based on academic success, community involvement, and other achievements.
    Note: International students must submit a Financial Affidavit of Support to demonstrate their ability to finance their education.

    LINK: https://www.iit.edu/admissions-aid/tuition-and-aid/scholarships
    International Undergraduate Student Scholarships Amount: $40,000–$100,000 over four years.

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