Program Overview
The Mathematical Finance at Illinois Institute of Technology is a Master programme in Business & Management, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of business & management. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Mathematical Finance programme are well-prepared for careers in academia, industry, government, and the private sector across United States and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Language of instruction: English
- Study mode: On-campus
- English requirement: IELTS 5.5
- Tuition: USD 1,313 (Tuition (Module)) — International students; USD 1,313 (Tuition (Module)) — National students
- Location: Chicago, United States, United States
Career Opportunities
Graduates of the Mathematical Finance programme are prepared for diverse careers in business & management:
- Business Analyst
- Management Consultant
- Product Manager
- Strategy Analyst
- Operations Manager
- Entrepreneur
Program Curriculum
Course Structure
- Futures, Options and OTC Derivatives
- Computational Finance
- C++ with Financial Applications
- Stochastic Processes
- Mathematical Finance
- Monte Carlo Methods in Finance
Admission Requirements
Academic Requirements
You need the following GPA score:
Applicants for graduate programs must have the equivalent of a bachelor\xe2\x80\x99s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
- Bachelor\'s degree in mathematics, engineering, or equivalent completed prior to enrollment (minimum GPA of 3.0/4.0)
- GRE (For tests taken prior to August 1, 2011: minimum score of 1200 [quantitative + verbal], 2.5 [analytical writing]; For tests taken after August 1, 2011: mimimum score of 310 [quantitive + verbal], 2.5 [analytical writing])
- Applicants from Non-English-speaking countries must submit TOEFL scores (a minimum paper based score of 600, computer-based score of 250, and Internet-based score of 100)
- Two Essay Questions:
- Why do you wish to pursue graduate study in the program to which you are applying? Discuss how you believe graduate studies will contribute to your professional goals.
- Develop a five-year career plan, including your professional goals and how you intend to implement them. Discuss how you believe your IIT Stuart education will fit in to your plan.
- Resume
- Two letters of recommendation
English Proficiency: IELTS 5.5 or equivalent.
Tuition & Financial Information
Tuition Fee
USD 1,313 (Tuition (Module)) — International students; USD 1,313 (Tuition (Module)) — National students
Tuition fees: USD 1,313 (Tuition (Module)) — International students; USD 1,313 (Tuition (Module)) — National students
IELTS requirement: 5.5
Financial Aid & Scholarships
Contact Illinois Institute of Technology directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About Illinois Institute of Technology
Illinois Institute of Technology
Chicago, United States
Illinois Institute of Technology is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen...
University Profile- Language English