Finance (M.S.)
At Illinois Tech, you study finance at the center of Chicago’s global financial markets.
The global financial industry is evolving rapidly. To stay ahead, successful finance experts need to understand how the industry’s key players—commercial and investment banks, investment management companies, hedge funds, private equity firms, and regulatory agencies—operate and thrive in this environment.
At Stuart School of Business, you can study in a nationally-ranked Master of Science in Finance program in the exciting city of Chicago, home to the world’s largest markets in financial derivatives.
You’ll learn the latest industry-relevant ideas and technologies from faculty who are both practitioners and scholars, bringing their career knowledge and understanding of the marketplace directly to the classroom.
Partnerships with alumni and other leaders in the finance industry provide opportunities for you to gain valuable experience by working on real-world projects, having an internship at a top company, and networking with finance professionals.
STEM-Designated Program
This is a STEM-designated program, and international graduates of the program are eligible to apply for an extension for Optional Practical Training in the U.S.
Program Overview
Students learn leading-edge ideas and technologies from faculty who bring their industry experience to their teaching. As a global center of financial markets, Chicago offers abundant opportunities for internships and networking.
Career Opportunities
Our M.S. in Finance prepares graduates to step into a variety of specialized careers in the finance industry, including positions such as quantitative financial analyst, financial risk manager, financial engineer, derivative trader or originator, portfolio manager, hedge fund manager, corporate financial analyst, equity analyst, credit risk analyst, financial analytics or technology specialist, and more.
A survey of the program’s class of 2020 showed that all were either employed full time (86.4%) or continuing their education (13.6%) within six months of graduation.
Companies that have hired Stuart School of Business finance graduates include:
- Chicago Board Options Exchange
- CME Group
- Eurex
- Federal Reserve Bank
- J.P. Morgan
- Morningstar
- Northern Trust Corporation
- Nuveen Investments
The M.S. in Finance program builds on a solid foundation in financial mathematics, statistics, and modeling. A selection of elective concentrations—ranging from corporate finance to high-frequency trading to risk management—allows students to build valuable expertise in industry specializations.
- Completed online application
- Official transcript submission with a minimum cumulative undergraduate grade-point average of 3.0 on a 4.0 scale
- No GMAT or GRE scores required
- Official TOEFL or IELTS score, if required. A minimum score of 85 on the internet-based TOEFL, 600 on the paper-based TOEFL, or 7.0 on the IELTS exam is required for admission consideration
- A one-page professional statement of goals and objectives
- At least one letter of recommendation from an academic or professional reference
Scholarships
Domestic students pursuing the M.S. in Finance degree are eligible to apply for the Chicago Talent Pipeline Scholarship, which supports motivated individuals to advance their career paths in Chicago’s dynamic finance industry. This scholarship awards a maximum of $14,000 per degree.
International students pursuing the M.S. in Finance degree are eligible to apply for the Stuart School of Business Dean’s Scholarship, which awards up to $14,000 for the full two-year program.
Read more about scholarship opportunities and tuition and aid below:
Get Hands-on with Finance
Experience an Internship
Through the Stuart School’s connections, our students get a head start on their careers with internships at CME Group, Eurex, Wintrust, and other top companies.
Dive into Equity Analysis
Learn by doing in Stuart Investments, the student-led organization where you can participate in equity research, valuation modeling, and portfolio management.
Gain a Competitive Edge
From risk management to equity valuation, Stuart students put their financial knowledge and skills to the test in national and international business competitions.
Move Your Career Forward
More Program Options
Dual Degree Programs
Combine your M.S. in Finance with another graduate degree in business (M.B.A.) or law (J.D.) to expand your career opportunities. Illinois Tech dual-degree programs can significantly reduce the number of credits required for two degrees.
Certificate Programs
Designed for working professionals, these programs are a quick, effective way to enhance your expertise—and move your career forward—with the latest industry-relevant ideas, skills, and tools.
Accelerated Master’s Program (AMP)
Current Illinois Tech undergraduates can earn both a bachelor’s degree and an M.S. in Finance in as few as five years through the AMP co-terminal option.
“Stuart School of Business professors are extremely approachable and have a sincere interest in students’ success. They have industry experience and the coursework is directly applicable to programming for financial markets.”
“Picking a graduate program is all about fit. I was looking for a program that could improve my programming skills, a program that competed in competitions, and a program that had current industry professionals teaching. Stuart checked all of my boxes.”
Stuart Stands Out
Rank in the U.S. of the M.S. in Finance Program
—TFE Times (2022)
Only Business School in a Tech-Focused University in Chicago
Stuart is AACSB Accredited. Only 5% of Business Schools Globally Are.
—Association to Advance Collegiate Schools of Business International
In the classroom and through a variety of activities at Stuart School of Business, Veronika Shestakova developed the skills that are bringing her professional success.
Veronika Shestakova (BA/M.S. FIN ’18)
Ahsan Lodhika picked Illinois Tech because of its accelerated master’s degree program and strong finance program. As an intern at CME Group, he saw the value of his business studies in his on-the-job experience.
Ahsan Lodhika (BA/M.S. FIN '19)
There were reasons for Oscar Cazelez to give up. He never did, and then graduated from Illinois Tech with two degrees and a path toward success.
Oscar Cazalez (BA/M.S. FIN ’18)
Aiman Moizuddin learned quickly that her education at Illinois Tech would put her on the path to success. She made sure to take full advantage.
Aiman Moizuddin (BA/M.S. FIN ’19)
A capstone project with Associate Professor Sang Baum Kang gave Trevor Wheeler the chance to build on his classroom learning and to show his understanding of investments and trading.
Trevor Wheeler (M.B.A./M.S. FIN ’19)
Excellence in Teaching
Associate Professor of Finance Sang Baum “Solomon” Kang is the recipient of the 2021 Stuart School of Business Excellence in Teaching Award. One of his students wrote that “I can tell that he truly wants to be an educator and see his students learn.”
Read More
Tools for Research
The Financial Markets Research Lab at Stuart School of Business is designed to give students the tools they need to pursue high-level research in finance. The lab features 10 individual dual-monitor Bloomberg workstations, two large wall-mounted monitors for screen sharing, and the latest software and subscriptions to major business databases.
Featured Faculty
Yiwei Fang
Ricky “Rick” Cooper
Haizhi Wang
Benjamin E. Van Vliet
Sang Baum “Solomon” Kang
Michael Rybak
