M.B.A. Quantitative Finance program

Quantitative Finance (M.B.A.)

Develop the key quantitative skills and expertise in management and finance in our STEM-designated M.B.A. program that can take your career to the next level—and beyond.

The Master of Business Administration (M.B.A.) Quantitative Finance program at Illinois Institute of Technology’s Stuart School of Business offers rigorous training in management and finance that distinctively prepares you for high-level managerial and consulting roles in a wide range of businesses and organizations.

The program’s tech-focused curriculum is designed to build your comprehensive business skills and expertise in strategic decision-making, analytics, leadership, and managing innovation. Courses drawn from Stuart’s nationally ranked M.S. in Finance program provide a foundational understanding of finance, financial instruments, and financial markets that you can apply in any business environment.

You’ll study with faculty who bring extensive industry experience into the classroom and teach with an applied approach that connects theory to real-world practice. You’ll also benefit from Illinois Tech’s legacy of 125 years of business education and curricular innovation, including establishing quantitative finance as an academic discipline and offering the world’s first graduate program in financial markets and trading.

Our location in downtown Chicago—home to the world’s largest markets in financial derivatives—and connections with leading professionals and companies across the city’s global business and financial hub provide opportunities for internships, networking, and jobs.

Our exclusive partnership with Chicago Innovation provides Stuart M.B.A. students with a free membership and access to the organization’s many business and networking events, which are annually attended by more than 10,000 successful professionals. 

Through Illinois Tech’s one-of-a-kind Elevate program, you are guaranteed access to hands-on experiences throughout your graduate years, such as virtual and in-person internships and projects, business competitions, and more. You’ll also receive personalized mentorship to guide your academic studies and career planning.

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, which allows selected students to stay and work in the United States for up to three years after graduation.

Program Overview

Stuart’s M.B.A. Quantitative Finance program combines a broad-based knowledge of management and operations, business decision-making, and leadership with quantitative skills and knowledge in finance. Our graduates are prepared to excel in key management and leadership roles, and advance their careers at businesses and organizations across all industries.

Career Opportunities

Graduates of this program are prepared for managerial careers in a broad range of companies and industries where their understanding of finance, financial instruments, and financial markets is an asset.

Financial managers are in high demand, with projected job growth of 16 percent from 2022–2032, according to the United States Bureau of Labor Statistics’ Occupational Outlook Handbook, and with median annual pay in 2022 of $139,790 for professionals in that occupation.

The Illinois Tech M.B.A. Quantitative Finance program encompasses key conceptual areas such as management, finance, strategy, operations, marketing, and leadership. The program also focuses on the development of quantitative finance knowledge and skills in financial modeling, asset pricing theory, the relationship between macroeconomic conditions and investment opportunities, and the price and risk management of derivative securities.

Course content and assignments are structured to connect theory with practice through case studies and group projects with businesses. Students must successfully complete 36 credits (12 courses) to earn the degree. All core courses are required; no electives. This program is typically completed in four semesters.

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  • Two or more years of professional work experience
  • 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
  • CV/Resume
  • Professional statement (Statement of purpose)
  • English proficiency exam, if required


Students pursuing the M.B.A. Quantitative Finance degree who demonstrate a continuing commitment to innovation are eligible for the Chicago Innovation Scholarship, which awards up to $14,000 over the course of six semesters. Read more about Stuart scholarship opportunities and tuition and fees:

Stuart Scholarships   Tuition and Fees

Featured Faculty

Smriti Anand
Assistant Director, Master of Business Administration Professor of Management
Yiwei Fang
Associate Professor of Finance
Benjamin Van Vliet
Assistant Program Director Associate Professor of Finance Director, Center for Strategic Finance

Stuart Stands Out


Career Placement Rate

—Stuart School of Business 2022 master’s and Ph.D. graduates reporting

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Alumni relations

A global network of accomplished Illinois Tech alumni is available to engage with and support our students.

Career development

Stuart’s Career Management Center offers individualized career counseling, resources for job and internship search, and opportunities to network with industry professionals.