M.A.S in Mathematical Finance
at Illinois Institute of Technology, Chicago

3.8 /5

(5 Reviews)

B++ Shiksha Grade
Private University

M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Overview

Illinois Institute of Technology offers a 18 months long M.A.S in Mathematical Finance course. The tuition fees to pursue this program is USD 32516.0. English language proficiency test accepted for admission to Illinois Institute of Technology M.A.S in Mathematical Finance are IELTS, TOEFL, and PTE. Graduation cutoff for admission is CGPA - 3.0/4.

Duration	1.5 - 2 years
Course Level	PG Degree
Mode of Course	Full Time
International Students Admission Website	Go to Website
Tuition & Fees	₹27.40 Lakh View full breakup
Type of University	Private
Official Career Service Website	Go to Website

M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Highlights

The program is ranked 15th on the list of top Master's of Financial Engineering program by TFE Times (2019)
The program ranked 21st in QuantNet's Best Financial Engineering Programs (2018)
The program is offered jointly by the Department of Applied Mathematics in the College of Science and the Stuart School of Business
The program offers advanced education in theoretical, computational and business aspects of relevant quantitative methodologies
The graduate may pursue a career as a junior quantitative analyst (quant) with financial institutions such as banks, trading corporations or hedge funds
Students will study subjects such as Futures, Options, and OTC Derivatives or Models for Derivatives, Computational Finance, Stochastic Processes, Mathematical Finance, etc.

M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Curriculum

Latest curriculum for M.A.S in Mathematical Finance at Illinois Institute of Technology can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in MASc at Illinois Institute of Technology

M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Rankings

University Ranking

Rank	Rank Publisher
#601	World University QS, 2025
#98	National University US News & World Report, 2024
#351	University THE (Times Higher Education), 2024

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M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Entry Requirements

Requirements for 12th grade Lock Icon

No specific cutoff mentioned

Graduation Lock Icon

CGPA - 3/4
Applicant must hold a bachelor's degree in mathematics, engineering, or equivalent completed prior to enrollment with a minimum GPA of 3.0/4.0

Applicants are required to have a background in undergraduate-level probability theory, multivariate calculus, and linear algebra. A background in ordinary differential equations will enhance the chance of admission to the program
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TOEFL

Marks - 90/120
Register for TOEFL iBT® Test Today and get ?1500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL

PTE

Marks - 63/90
With a minimum section score of 53

IELTS

Marks - 6.5/9
With a minimum section score of 6.5

Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
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GRE

Marks - 310/340
Typically, admitted students score at least 156 on the quantitative portion of the GRE and at least 3.0 on the analytical writing portion.

Other eligibility criteria Lock Icon

During the admission process, Illinois Tech waives TOEFL or IELTS requirements if the applicants: first or native language is English have received a degree from an English-speaking institution and have attended that school for at least two years school’s official medium of instruction is in English, per transcript

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Conditional Offer Lock Icon

Yes
International applicants can be considered for conditional admission. Students applying for conditional admission do not need to submit TOEFL or IELTS scores if they specify on their application that they are interested in conditional admission. Students do not need to provide the Financial Affidavit of Support Form or a passport copy to the admission office
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Which exams out of the above do I need to give?

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M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Application Process

Step one

Prepare documents for application

LOR

Two letters of recommendation from individuals who are able to assess applicant's academic and/or career achievements and potential
Recommenders may include professors or employers, but may not include family members or personal friends

ESSAYS

Submit an essay responding to the following:
- Why does the applicant wish to pursue graduate study in the Master of Mathematical Finance program? Define a five-year career plan and discuss how the applicant believes graduate studies will contribute to his/her professional goals. How will this joint College of Science / Stuart Business School degree fit into the applicant's plans?

Submit Resume

Step two

Additional documents required

Applicants must submit individual semester wise mark sheets along with failed-reappeared mark sheets if any
GMAT/GRE Score
English Language Proficiency Proof
Financial Support Form

Step three

Application fees for this course

USD 75 = INR 6.32 Thousand

Mode of payment: Credit card

Illinois Tech offers installment payment plans for full- and part-time students. For further information, please visit the Student Accounting Office website or contact that office directly at bursar@iit.edu or 312.567.3785

M.A.S in Mathematical Finance
at
Illinois Institute of Technology
Fees

1st year tuition fees

Fees components	Amount (for 1 year)
Tuition & fees	INR 27,40,123

Other expenses in 1st Year

Fees components	Amount (for 1 year)
Hostel & Meals	INR 12,26,128
Insurance	INR 1,42,163
Transportation	INR 1,93,821
Activity Fee	INR 21,067
Total approximate fees	INR 15,83,179

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated on 16ᵗʰ December 2024

M.A.S in Mathematical Finance
at
Illinois Institute of Technology

Scholarships

Scholarship information is not available. You can apply to non-college specific scholarships available for USA.

View all 73 scholarships

Illinois Institute of Technology
Students Ratings & Reviews

3.8/5

4 Verified Reviews Info Icon

Vibe of Campus

Easy going
Academically oriented
Friendly
Sporty

Student Views

60% students never faced discrimination in this university

Internships3.5

Part time work3

Post study jobs4

Quality of faculty4.3

Student Life4.5

Value for money3.5

Public transportation5

Safety2.8

Indian Food3.3

Permanent Immigration3.8

Sri Hari Sivashanmugam Verified Icon

M.A.S in Data Science - Batch of 2023

Offered by Illinois Institute of Technology

4.1

Best cities to live in. The faculty help in networking.

Tips: For students moving here there will be a cultural shift for sure. It is smart to get referrals for on-campus jobs, as they are limited. Try staying Bridgeport area, as it is affordable and safe. Chicago is one of the best cities in the US, you will get to a lot of networking events outside the university which can help you in many ways.

Reviewed on 12 Feb 2024Read more

Anonymous

M.S in Mechanical and Aerospace Engineering - Batch of 2021

Offered by Illinois Institute of Technology

3.2

One of the most Amazing Experiences.

Tips: There's definitely a cultural shift. I personally loved the new country/city/university challenge and was up for all the tasks ahead. Find good friends/roommates who will guide you and help you in your transition. Don't hesitate to change your accommodation if not suitable for your academic preference. I didn't avail of any scholarships because I wasn't aware of any. There are different undergrad and graduate school scholarships available so do your research. I can say that I am somewhat satisfied with the course/university. Definitely would have liked a cheaper college but I suppose I did the best I could with the scores. Chicago is a beautiful city. The summers are short but pleasant, winters are long and the city is covered in snow for almost 3 months so definitely extreme weather conditions will take some time to get used to but it is undeniably beautiful. Some parts of the city are not safe and generally, you will be aware of those with research. Try to avoid those areas and don't wander alone at night. Everything will be great. Good luck to whoever reading this for your future.

Likes (Public transportation): Chicago has one of the best public transportation systems with frequent trains and buses even during night times. It is super affordable as semester passes are generally provided by the university as part of your tuition fees. Public transportation runs in all weather (even in heavy snow and rain).

Dislikes (Part time work): On campus part time jobs are available but very limited. Usually, you get them through connections. 100s apply but a chosen few are selected. Very much depends on the particular facility you are applying for. Personally, I applied but never got any. It is definitely manageable. Sometimes you will have to do weekend shifts or work late at night but the campus provides late-night drop offs. Pay is generally minimum wage in the state (usually $12/hr - $14/hr).

Reviewed on 24 Aug 2023Read more

Anonymous

B.S Computer Science /M.S Computer Science - Batch of 2027

Offered by Illinois Institute of Technology

3.2

Illinois Institute of technology has an academic oriented approach.

Tips: Before joining IIT, students should be prepared for a rigorous academic program, a smaller campus community, and life in Chicago with its opportunities and challenges, including harsh winters. Transitioning to IIT involves adapting to the American teaching style, independent living, and cultural differences. Scholarships, like the Residential Scholarship, often help with tuition but rarely cover living expenses. Overall, IIT is academically rewarding but must adjust to the cultural and lifestyle changes in the U.S.

Reviewed on 23 Nov 2024Read more

Manikantan Verified Icon

M.A.S in Mathematical Finance - Batch of 2023

Offered by Illinois Institute of Technology

4.9

Many Indian students are present in the campus.

Tips: In college, maximum number of students in ITM and CS branches are Indian only. So there was no cultural shift that I experienced. Initially, you may feel some changes and that's all. But after 2-3 weeks it will be the same. One should just focus on GRE and SOPs.

Reviewed on 13 Feb 2023Read more

M.S in Computer Science (MSCS) - Batch of 2018

Offered by Illinois Institute of Technology

2.8

US has its drawbacks too. Think carefully

Tips: Be prepared for a new life. College doesn’t matter. Personality matters. If you are smart you will get a job at Google and if not you will end up back in India wasting your money. So think carefully about the courses you are taking and the people you are hanging out with.

Reviewed on 8 Jul 2022Read more

View All 5 Reviews