Financial Markets
Department:
College:
Stuart School of BusinessDegrees:
- Master of Science in Financial Markets
Description:
Introduced in 1992, the Master of Science in Financial Markets (FM) is the nation's oldest and most prestigious graduate degree program focusing exclusively on modern capital markets. Designed at the request of and in collaboration with industry leaders, the program provides an intellectual framework for understanding how financial markets are structured, regulated and interconnected in the U.S. and around the world. The FM program helps students develop the quantitative and analytical skills required for planning financial strategies and for trading, while providing up-to-date information about market players, products and evolving industry technology.As global markets increase in complexity, the time honored tradition of learning by doing becomes a risky strategy. Everyone in today's international marketplace - investors and corporate end—users, brokers, traders, and commercial and investment bankers—must not only know the products and the markets they trade, but they must also understand the economics that drive demand and the mathematics that explain it. And as new markets open in Europe, Latin America and Asia, they must understand all of this from a complex global perspective.
Those students with experience in the markets will gain a new perspective on their current specialties. For example, for those students currently working in equities, the program will not only improve their knowledge of cash and derivative equity products, but will also broaden their perspectives to include the interest rate, currency and commodity markets.
The FM program helps prepare students for a variety of positions: in financial engineering, research, marketing and brokerage, compliance and regulation, back-office and technical support, desk trading and support, investment banking, corporate risk management, portfolio analysis or management, and trading. Graduates have obtained positions in trading firms, banks, brokerage houses, exchanges and in technology and information, money management and research firms around the world. Working students have found new positions within their firms and in other areas of the industry as a result of the new skills and knowledge they acquired in the FM program
Specializations:
- Financial Engineering & Programming
- Trading Strategies
- Investments
Certificate Programs:
- Alternative Investments
- Electronic Trading
- Equity Analysis
- Equity Modeling
- Financial Markets
- Financial Programming
- Fixed Income Modeling
- Investment Management Strategies
- Market Technology
- Portfolio Management
Distance Learning:
http://www.distance-education.iit.edu/Dual Degrees / Joint Degrees:
- J.D./M.S. in Financial Markets
Research Facilities:
Research Areas:
Admission Requirements:
To be considered for admission to the Financial Markets Program, students must submit a completed application form, a $75 application fee, a resume, two letters of recommendation, official transcripts, a score report for the Graduate Management Admission Test (GMAT) or the Graduate Record Exam (GRE)*, and a summary of work experience. Applicants must have earned an undergraduate GPA of 3.0/4.0 for admission as a degree-seeking student. Students are required to take a math diagnostic assessment prior to enrollment. Applicants from non- English-speaking countries must submit a TOEFL scores of at least 550/213** unless they have received a bachelor’s or master’s degree from an accredited U.S. institution. The English Proficiency Review examination is required of students with scores below 600/250.
* Students should contact the department for requirements under the new GRE test-format and scoring system effective October 2002.
** Paper-based test score/computer-based test score.
How to apply:
Stuart School of Business AdmissionDepartmental Website:
http://www.stuart.iit.edu/The 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.
