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University of Illinois Urbana-Champaign Apply Google Translate University of Illinois at Urbana-Champaign Master of Science in Financial Engineering Search Menu Search About Need assistance? We’re here to help. Get In Touch About From the Director Board of Advisors Faculty Administration Career Services Employers Why Illinois? About the Area STEM-Designated Degree Why Financial Engineering at Illinois? Contact Us News Admissions Admissions Admissions Requirements Application Process and Timeline Application Review Dates Apply Now Frequently Asked Questions Information Session International Applicants Preferred Pathway Application Scholarships and Financial Aid Tuition and Cost Visit Illinois Academics Academics 4 Semester Option Concentrations Course Descriptions Electives Practicum Practitioner Speaker Series Rankings Current Students Current Students Ambassador Program Cohort Profiles Placement Information Scholarship Winners FAQ Home Engineer Your Financial Future MSFE Practicum Realworld Projects Provided by industry partners Learn more Academic Excellence Scholarship 2023 Sipeng Li Learn more The objective of the Financial Engineering Program (MSFE) is to provide students with exposure to the latest in theory and techniques in the financial markets and apply their knowledge even before graduation with real world projects. Now Offering New Summer Course in Financial Engineering News May 9, 2024 MSFE Faculty Ranked "Excellent" by students for the Fall 2023 Term News April 8, 2024 MSFE Practitioner Series Presents Gan Wang & Lucy Luo News April 8, 2024 ranked #5 Financial Engineering at Illinois ranked #5 Best Financial Engineering Program by the TFE Times in 2024 Testimonials Message from the Director Apply Why Choose Financial Engineering at ILLINOIS? Financial Engineering at Illinois (MSFE) is a 3-semester STEM-designated Professional Master’s Program. Financial Engineering is the application of quantitative methods to the analysis of financial markets and financial products. The quantitative techniques include: Finance, Mathematics, Statistics, Computer Science, Machine Learning, Deep Learning and Data Analytics. Students apply Optimization, Data Science, Neural Networks, Machine Learning and the basic Mathematics in real time with these projects. The applications include the search for profitable opportunities as well as deriving solutions to financial problems. FE involves the measurement, management, mitigation and transfer of risk. The US capital markets are the most dynamic and exciting in the world. The derivatives market in Chicago are the most innovative in the world. Recent Practicums have been with CME Group, Morgan Stanley, Google, BMO (Harris), Axis Re, Market Axess, CTC, The University of Illinois’ Treasury Office, Peak6 and Principal Financial. Upcoming Events June 10 First Day of Instruction, Summer Term 2 Go to Calendars 2024 Special Events Upcoming Practitioner Seminar Series March 4, 2024 10am CST - Joe Gitz & Zishan Cai Recent and Upcoming Information Sessions November 29, 2023 8am CST December 6, 2023 4pm CST "I think this program is very challenging, but it can give me a strong sense of satisfaction and honor after completing the required task. The courses are generally difficult but very practical." Ziheng Wu 2021 , "The experience of studying in MSFE program gave me an insight into the wonderful and complex world of derivatives. Although this process is not easy, it is worthwhile." Chenxiang Zhang 2021 , "The MSFE program in UIUC gives me a fantastic experience in finance, statistics and coding. Diverse courses and the practicum project help me better fulfill my career goals." Jingfan Xing 2021 , "Follow our passion in career, extend our imagination in journey and sense our feelings in life." Chong Zhao 2019 Financial Analyst , Houlihan Lokey, New York "I had tons of fun at MSFE. I learned a lot from the practicum project and received remarkable help and support from our alumni during my professional journey." Dizhou Wu 2019 , Chicago Trading Company, Chicago "The program is very well designed keeping present day industry requirements in mind, the best part of the course is the Practicum, where we get to work on real time projects with a firm. The curriculum just makes you industry ready!" Akhil Surannanavar 2018 , DV Trading, Chicago "Going to school after working for a while can be tough and boring if the program delves into lots of theory. Well, at UIUC it wasn’t like that. In fact, in this program I found a good balance between theory and practical implementation in many of the courses I enrolled. I would say the program was challenging, which makes it exciting from my point of view, and that was probably the driving force that keep me working on it the entire course. This wouldn’t have been possible without the encouragement that professors gave me with their commitment to learning and growth of my class" Jesus Miguel Ramirez Castro 2017 , "From studying with colleagues, spending the night at the hotel after attending an elective in Chicago, or enjoying a tour in New York after a career fair, the program provides a lot of opportunities to bond with fellow students and develop long lasting relationships." James Karam 2017 , Strategy&, New York "MSFE is a tough and challenging program, there’s no doubt about it. But in such a community, where you’re surrounded by other talented and passionate hard-working individuals, there are numerous opportunities to learn and grow. The program incorporates a congruous blend of business and engineering courses, besides constantly giving you the chance to make powerful and meaningful professional contacts. Being around people from different cultures and backgrounds has been an enlightening experience in many ways, and I’ve made some amazing friends here. There is also never a dull moment in this university, which, while being one of the best academic institutions in the country, also gives you one of the best social experiences. I’m glad I attended this program, and would especially recommend it to anybody interested in pursuing a career in the FinTech world!" Kruttika Swaminathan 2017 , Pelmorex Corp, Toronto Rankings and Affiliations Contact Us Master of Science in Financial Engineering 3252 Digital Computer Lab 1304 West Springfield Avenue Urbana , IL 61801 Phone: +1-217-300-7346 Fax: Email: msfe@illinois.edu Threads Twitter Instagram Facebook LinkedIn YouTube Sound Cloud The Gies College of Business The Grainger College of Engineering Learn more Contact Us MSFE Administration About Cookies Privacy Policy Copyright © 2024 Accessibility Contact Webmaster Powered by...