Master of Science in Finance
Study finance in the center of Chicago’s global financial markets at Illinois Institute of Technology.
Enter the world of finance with your Master of Science in Finance degree.
Finance is a globally connected industry that is constantly changing. The 2008 United States financial crisis caught many investors and homeowners off guard. The drastic ups and downs of cryptocurrency would have been unthinkable a few years ago. And the 2022–23 inflation rate levels haven’t been experienced in decades.
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, thrive, and even fail. A Master of Science in Finance degree can help you understand and succeed, even in volatile financial conditions.
At Illinois Institute of Technology’s Stuart School of Business, you’ll study in a nationally ranked M.S. in finance program that is located in Chicago—home to the world’s largest markets in financial derivatives.
In your M.S.F. courses, you’ll learn the latest industry-relevant concepts and technologies from finance professors who are both practitioners and scholars, bringing their career knowledge and understanding of the markets directly to the classroom.
Through our M.S. in finance program, you’ll leverage our partnerships with alumni and other leaders in the finance industry. You’ll gain valuable finance experience by working on real-world projects, having an internship at a top company, and networking with finance professionals.
Program Overview
By choosing Illinois Tech’s Master of Science in Finance degree program, you’ll enjoy a number of program advantages, including:
- Gain professional expertise through Illinois Tech’s Elevate program. This one-of-a-kind program guarantees access to hands-on experiences—including research projects, internships, study away, competitions, short courses, and more—as well as personalized academic and career mentorship, all in pursuit of ensuring that our students graduate with career-readiness.
- Dive deep into a concentration of your choice. In addition to your core coursework, you can choose to elevate your skills and knowledge by choosing a concentration in Financial Technology, Portfolio Management, Risk Management, Corporate Finance and Valuation, Quantitative Modeling and Trading, or Mathematical Finance.
- Live and learn in the heart of Chicago’s finance industry. Being just a short train ride away from one of the country’s major financial districts offers you incredible opportunities for internships and networking, with unparalleled access to industry professionals.
- Compete with finance students from around the globe. As a Stuart finance student, you’ll participate in national and international business competitions in areas such as equity research, portfolio and risk management, equity valuation, and trading.
- Learn from and collaborate with industry-leading experts. Our finance professors bring their finance experience directly to the classroom, offering extensive insights into financial markets, institutional operations, and industry research. You’ll learn from real industry professionals.
Career Opportunities
Our M.S. in Finance degree program will prepare you to step into a variety of specialized finance careers, such as:
- Financial or equity analyst
- Financial risk manager
- Derivative trader or originator
- Portfolio or hedge fund manager
- Credit risk analyst
Companies that have hired Illinois Tech’s Stuart School of Business finance graduates include:
- Chicago Board Options Exchange
- Chicago Mercantile Exchange (CME) Group
- Ernst & Young
- Eurex
- Federal Reserve Bank
- J.P. Morgan
- Morningstar
- Northern Trust Corporation
- Nuveen Investments
Illinois Tech’s Master of Science in Finance program consists of 10 courses, all taught by finance professors with extensive industry experience. A selection of elective concentrations allows students to develop valuable expertise in industry specializations. Almost all courses are offered outside of normal work hours, allowing you to maintain full-time employment. The program is generally completed part-time in two years or full-time in 12–15 months.
Degree Requirements
The program requires successful completion of at least 30 semester credit hours (10 courses; each course is three credit hours).
Core Courses
These six courses are required.
MSF 501—Mathematics with Financial Applications
MSF 502—Statistical Analysis in Financial Markets
MSF 503—Financial Modeling
MSF 504—Valuation and Portfolio Management
MSF 505—Futures, Options, and OTC Derivatives
MSF 506—Financial Statement Analysis
Concentration
Choose one of the six concentrations (three courses each) that are listed below or create a custom concentration of three courses (requires approval by the program director).
Mathematical Finance
MSC 623—Investments
MSC 631—Theory of Finance I
MSC 633—Theory of Finance II
Financial Technology
MSF 547—Machine Learning for Finance and Business
MSF 577—High Frequency Finance and Technology
MSF 591—Global Markets and Technology
Portfolio Management
MSF 544—Asset Valuation
MSF 546—Quantitative Portfolio Management
MSF 545—Fixed Income Portfolio Management
Risk Management
MSF 554—Market Risk Management
MSF 555—Credit Risk Management
MSF 566—Time Series Analysis
Quantitative Modeling and Trading
MSF 524—Models for Derivatives
MSF 525—Term Structure Modeling and Interest Rate Derivatives
MSF 568—Energy Commodities Analytics and Trading
Corporate Finance and Valuation
MSF 534—Corporate Finance
MSF 535—Investment Banking and Venture Capital
MSF 544—Asset Valuation
Elective Course
Choose one course from the following electives or from the courses listed in the concentrations shown above.
MSF 595—Entrepreneurial Finance
MSF 599—Special Topics in Finance
MSF 597—Independent Study in Finance
Master of Science in Finance admissions requirements
- 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
- A one-page statement of purpose, with goals and objectives
- English proficiency exam, if required
Have Questions? Connect with Us
For any questions about Stuart School of Business degree programs or the application and enrollment process, contact our Director of Student Recruitment Claire Johnson.
Why Choose Illinois Tech’s Master of Science in Finance Program?
Here are just some of the many reasons to choose Illinois Tech’s Stuart School of Business M.S. in Finance degree program:
- Our one-of-a-kind Elevate program offers extensive hands-on experience
- Our Financial Markets Research Lab, where you can conduct student research
- Participate in student-led Stuart Investments, with more than $1 million in assets
- Live and learn in Chicago, a major global finance center
- Internship opportunities with some of the world’s top companies, including CME Group, Eurex, Wintrust, and more
- Finance experience gained from participating in national and international business competitions
- Global connections with successful Illinois Tech alumni through our Bridge network
- Extensive career development and internship resources through our Career Management Center
Scholarships and Aid
All Stuart School of Business graduate students are automatically reviewed for merit-based scholarship awards at the time of admission to Illinois Tech. Learn more about merit-based and need-based financial aid awards and tuition and fees.
“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.”
Courses infused with technology and programming, plus a variety of hands-on experiences to apply her learning, gave Rucha Dhopeshwar an edge in launching her career in finance.
Rucha Dhopeshwar (M.S. FIN ’23)
A solid background in research methodology and opportunities to co-author scholarly publications have prepared Yao Xie to advance his career in quantitative finance.
Yao “Jason” Xie (M.S. FIN ’15, Ph.D. MSC ’21)
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)
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)Why Stuart’s Master of Science in Finance Stands Out
More reasons to choose Illinois Tech’s Stuart School of Business
Rank in the U.S. of the M.S. in Finance Program
—TFE Times (2025)
We offer the only business school in a tech-focused university in Chicago.
Stuart is AACSB Accredited. Only 6% of Business Schools Globally Are.
—Association to Advance Collegiate Schools of Business International
Featured Faculty
Ricky “Rick” Cooper
Haizhi Wang
Benjamin E. Van Vliet
Sang Baum “Solomon” Kang
Michael Rybak
Li Cai
Get Hands-on with Finance
Experience an Internship
Through 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
Additional Master of Science in Finance 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.
Excellence in Competitions
Stuart finance students have excelled in competitions in areas such as equity research, portfolio and risk management, and trading against teams from top universities around the world.
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.