Key Takeaways
Program Overview: The University of Illinois Master’s in Finance is a cutting-edge program that prepares students for high-level careers in finance through a curriculum focused on quantitative analysis, global market trends, and ethical financial practices. It's structured to challenge students with a blend of theoretical coursework and practical, real-world projects.
Class Profile: The program attracts a diverse cohort of ambitious professionals. Students come from various global backgrounds, bringing unique perspectives that enrich discussions and learning experiences. The diversity and caliber of the student body enhance the program's collaborative environment, fostering both personal and professional growth.
Tuition Fees: Understanding the financial commitment to education is crucial. The University of Illinois Master’s in Finance program details its tuition fees clearly, enabling prospective students to plan their investments wisely in their educational journey.
Average Salary and Employment: Graduates of the University of Illinois Master’s in Finance are highly sought after, with a track record of securing competitive positions in finance sectors worldwide. The program boasts impressive employment rates and average salaries post-graduation, reflecting the value and industry relevance of the education provided.
Introduction
The University of Illinois Master of Science in Finance is a STEM-designated Master of Science degree. The University of Illinois Masters in finance degree is specifically designed to give you the knowledge and make you able to tackle the dynamic financial industry. The University of Illinois Masters in finance program is 15 months long and has inbuilt flexibility so that students can adjust and invest in making their future. Different kinds of students from different backgrounds apply to the program and gain valuable knowledge and insights.
| Program Length | 15 months |
| Tuition Fees | $72,963 |
| Program deadline | March 17, 2024 April 28, 2024 June 9, 2024 |
| Intakes | NA |
| Application Fees | $90 |
University of Illinois Masters in Finance Class Profile
Top-notch faculties and industry leaders teach their comprehensive, versatile, and leading-edge programs. The 15 months program will enable you to set up your successful career path. Their graduates have launched careers in leading corporations like PwC, Bloomberg, Deloitte, KPMG, etc. The program further introduces you to the latest concepts, practices, and innovations needed to thrive in today’s fast-paced finance industry. In addition, the MSF degree is STEM-designated, which may permit international students to stay in the US for up to 36 months on the Optional Practical Training STEM extension.
| Average GMAT | 680 |
| Average GRE | 320 |
| Average GPA | 3.37 |
| Average work experience | 2.25 Year |
| Average age | 34 |
| Pre-MFin industry | NA |
| Pre-MFin location | NA |
| Class size | 130 |
| Women MFin | NA |
| Country Represented | NA |
University of Illinois MFin Ranking
The University of Illinois' Master of Finance (MFin) program is highly ranked, often placing within the top 20 finance programs in the United States. This recognition is due to its rigorous curriculum, distinguished faculty, and strong career placement services, making it a popular choice for students aiming to excel in the finance industry.
| World University Rankings - Masters In Finance | #58 |
Program & Curriculum
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The University of Illinois Masters in finance has an innovative three-semester curriculum that presents students with a strong finance principles and practices foundation. Students can also choose from a wide array of electives in other spheres of finance, such as commercial banking, real estate, financial engineering or wealth management. Moreover, the optional full-semester practicum project will enable you to work on real-world projects for national and international companies to gain hands-on experience. The MSF program begins each year in August and is delivered in three semesters (fall, spring, fall).
- Corporate Finance - This course will cover a broad range of corporate finance topics providing a comprehensive overview of the material.
- Accountiong And Financial Anlysis - the fundamentals of reading and understanding financial statements. The basics financial statements will be introduced and there will be in-depth examples and cases demonstrating how the statements are constructed and how to carry out basic analysis.
- Quantitative Finance - This course provides an introduction to quantitative methods that are applicable in several areas of finance; presents concepts and methodologies from probability theory, statistical inference, and regression analysis; emphasis is placed on software applications of real data on stock returns, CAPM and Fama-French models, and cross-section firm data.
- Data Science & python for Finance - The financial industry is increasingly adopting Python. Libraries such as NumPy and pandas provide extraordinary insights into data analysis. This course focuses specifically on introducing Python for financial analysis. The first part of the course provides a detailed understanding of Python basics. Data structures, numerical computing with NumPy, and data analysis with pandas will be explained.
Electives
These elective courses cover a wide range of specialized topics within finance, providing students with opportunities to deepen their knowledge in specific areas of interest and develop expertise in niche areas of the finance industry. Some of the elective courses offered in the Illinois MFin program include:
- Accounting Analysis
- Financial Statement Analysis
- Real Estate Development
- Big Data Analytics in Finance for Predictive and Causal Analysis
- Financial Derivatives
- Fixed Income Portfolios
- Financial Modelling
- Enterprise Risk Management
- Urban Real Estate Valuation
- Real Estate Financial Markets
- Machine Learning in Finance
- Algorithmic Market Microstructures
Application Essay
Dear Admissions Committee,
I am writing to express my keen interest in the Master of Finance program at the University of Illinois. As a recent graduate with a Bachelor's degree in Finance and Accounting, I am passionate about pursuing a career in the field of finance and believe that the MFin program at the University of Illinois would provide me with the knowledge and skills necessary to achieve my professional goals.
Throughout my undergraduate studies, I have gained a solid foundation in financial analysis, financial reporting, and investment analysis. However, I recognize that the field of finance is constantly evolving and that I need to continue to enhance my knowledge and skills to stay competitive in the job market. I believe that the MFin program at the University of Illinois would provide me with the opportunity to do so.
I am particularly drawn to the program's curriculum, which includes courses such as Financial Modeling, Investments, and Corporate Finance. These courses will not only provide me with a deep understanding of finance theory but will also equip me with practical skills that I can apply to real-world problems.
In addition to the program's curriculum, I am also impressed by the caliber of the faculty members at the University of Illinois. Their vast experience and expertise in the field of finance will undoubtedly help me to flourish in life.
Yours Sincerely
(Your Name)
University of Illinois Masters in Finance Interview Questions
Preparing for interviews is a crucial step in the application process for the Master of Finance (MFin) program at the University of Illinois at Urbana-Champaign. While interview formats may vary depending on the program and the interviewer, here are some common interview questions that applicants may encounter:
What Makes University of Illinois MFin Unique
Is MFin worth it? The University of Illinois Masters in finance offers a STEM-designated Master of Science in Finance (MSF) degree that comprehensively qualifies students for the fast-paced financial industry. There are a lot of factors that make this program at the University of Illinois unique-
Helps set your career for success- Our MSF program will prepare you for a career as an investment analyst, business valuation associate, data analyst, and the CFA Level 1 exam.
Offers a flexible and cutting-edge curriculum- The MSF program includes a unique three-semester curriculum that gives you a solid foundation in financial principles and practises. The curriculum also teaches you the new concepts, processes, and technology required to succeed in today’s financial business.
With eight chairs or titled professorships, the Department of Finance has a distinguished faculty. According to numerous studies, the Department continues to be ranked among the most productive of all finance research groups in the world.
Complement your finance knowledge with cutting-edge materials and options that will enhance the value of your study.
Conclusion
The University of Illinois Masters in finance degree (termed MSF) is a STEM-designated program that lets you stay in the country for up to 36 months on the Optional Practical Training STEM extension. It becomes a great assistance for an international student at a time when you are expected to grab a job at such a pace that makes you compromise with your career. The MFin master is committed to an education based on data analytics, financial modeling, and financial technology, making the program one of a kind in the USA. If you are a business aspirant with a nudge of the technical sector, the University of Illinois MFin is for you.
