Finance
Department:
College:
Stuart School of BusinessDegrees:
- Master of Science in Finance
Description:
Stuart's Master of Science in Finance Program is designed to provide students with the advanced skills in applied finance required in today's competitive financial environment. The program provides a strong foundation in economics and teaches the quantitative and analytical skills employed in the investment structuring, pricing, and risk management of financial instruments, in the development of trading strategies, and in the utilization of financial products by end-users.
The program attracts students who desire a more specialized education than an M.B.A. provides, and is also attractive to M.B.A. graduates and students with science and engineering backgrounds who wish to apply their skills in the financial services industry. The admission standards are similar to those of first-tier M.B.A. programs. Acceptance to the M.S. in Finance Program requires a degree of competence in algebra, calculus, statistics, and accounting. Some prerequisite courses may be required. An M.B.A. dual-degree is offered in conjunction with the M.S. in Finance degree.
The 14-course curriculum was developed in consultation with leading industry professionals and incorporates an extensive use of industry software. There are no required courses. New students will meet with an adviser to plan an individual course of study to meet their specific goals. The program is organized into seven three-course sequences and a research seminar, MSF 596 (Research Seminar in Finance), which is taken near the end of the program.
Forty-six percent of Finance Program students earned undergraduate degrees in science or engineering, while 38 percent majored in finance or economics. Thirty-two percent have an M.B.A. Forty-three percent are in the top 10 percent of the GMAT quantitative score. Eighty percent of current students attend the program full time. REcent graduates have accepted positions at commercial banks, hedge funds, and in the investment management industry.
The faculty possess excellent academic credentials, as well as broad industry experience. Stuart full-time faculty have previously worked at commercial and investment banks and international institutions, such as the International Monetary FUnd (IMF) and the General Agreement on Tariffs and Trade (GATT). Adjunct faculty members are drawn from highly qualified professionals working in Chicago's financial services industry.
Specializations:
- Computational Finance
- Corporate Finance
- Economics
- Financial Econometrics
- Financial Modeling
- Investments
- Risk Management
Certificate Programs:
- Note: All certificate programs (except the E-Business program) are available only to students who possess advanced degrees in business, finance or management.
- E-Business
- Financial Management
- Information Management
- International Business
- Management Science
- Marketing
- Operations Management
- Organization and Management
- Quality Management
- Strategic Management
Distance Learning:
http://www.distance-education.iit.edu/Dual Degrees / Joint Degrees:
- M.B.A./M.S. in Finance
Research Facilities:
The Downtown Campus Libraries comprise an open-stack collection of more than 525,000 volumes, including the holdings of the Stuart Business Library, the Chicago-Kent Law Library, and the Library of International Relations, which contains international materials in history, economics, political science and law. Stuart's Downtown Campus is equipped with two computer labs, offering more than 100 student workstations linked to the Internet and networked with IIT libraries (including the Downtown Campus Libraries). The computer lab provides access to a wide range of business software and resources. The Quantitative Research Lab provides an interactive learning environment, featuring simulated trading, investment analysis and financial industry databases.Research Areas:
Admission Requirements:
Admission to the Stuart School of Business is based on a profile combination of undergraduate GPA, GMAT test scores, and work experience. Applicants to all mater's programs, including the M.B.A., must have, or are expected to have completed prior to enrollment, and undergraduate degree from an accredited institution. Applications are accepted throughout the year, and part-time students may enter most programs a the beginning of any quarter. Applicants must submit two essays, letters of recommendation, official transcripts, a recent GMAT score report, and a summary of work experience.
Applicants from non-English speaking countries must also submit TOEFL (Test of English as a Foreign Language) scores of at least 600 (paper-based), 250 (computer-based) or 80 (internet-based), unless they have received an undergraduate or graduate degree from an accredited U.S. institution. Applicants may be required to take Business Writing Courses in addition to required coursework.
How to apply:
Stuart School of BusinessDepartmental Website:
http://www.stuart.iit.eduThe material on these web pages contains the most current program offerings and requirements, and is intended for informational purposes only. Program offerings and requirements change from time to time, and these web pages are changed accordingly. The requirements applicable to a particular student's program are those set forth in the official Graduate Bulletin that was in effect the year the student began his or her graduate program. Therefore, to find the official program requirements applicable to his or her program, a student must consult the Graduate Bulletin from that year.
