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Master of Science in Financial Economics (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

Much of finance has its roots in economics, so mastery of topics at the intersection of those two fields is key to understanding and solving challenges in today’s financial system and to the proper application of regulation and public policy.

The Master of Science in Financial Economics program at Stuart School of Business provides a foundation in both the theory and practical areas of finance and economics. You’ll develop the comprehensive scientific, mathematical, and applied skill sets for testing and applying financial and economic models, as well as the tools and critical thinking skills to solve problems in practice and regulation involving asset pricing, risk management, financial engineering, corporate finance, or portfolio management.

The program’s curriculum is particularly well-suited to students with a background in economics or finance who are interested in highly employable careers conducting research, making policy, or managing risk in financial institutions or government entities.

At Stuart, you’ll learn the latest industry-relevant ideas and technologies from faculty who are both practitioners and scholars and who bring their career knowledge and understanding of the marketplace directly into the classroom.

Chicago is a global financial center, and our strong industry connections open up opportunities for internships, real-world projects in courses, and networking with Stuart alumni and other accomplished professionals.

Through Illinois Tech’s one-of-a-kind Elevate program, you are guaranteed access to hands-on experiences, such as internships, throughout your graduate education, as well as personalized mentorship to guide your academic studies and career planning.

Program Overview

This interdisciplinary program focuses on the practical application of economics and data analytics through the lens of finance and the markets. You’ll develop sophisticated quantitative, analytical, and modeling skills that are in demand for research, policy making, and risk management jobs, especially in the financial and public sectors.

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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

Open

Aug 2025

Closed

Jan 2025, Aug 2024

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

    Merit Based and Need based

    Scholarship Information

    Illinois Tech offers competitive scholarships at both undergraduate and graduate level. Most of our scholarships are merit-based and do not require an additional application. We offer limited need-based scholarship at undergraduate level.

    Amount/ Range

    • 1000 USD to 15000 USD

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