Home

MSFE ranked in QuantNet's National Top 30 Best Quant Programs for 2017

Why choose Illinois MSFE?

Opportunity is everywhere and the financial industry is the place to find it - but with opportunity comes risk. Natural disasters happen. Prices collapse. Customers default. New products are developed. New markets emerge. Complex financial institutions and markets are designed to handle these opportunites. But people need to know how to make those institutions and markets work. Regulators need to understand how to guide them successfully. Businesses have to be able to use them to solve their own risk management tasks. All of this takes sophisticated mathematical and computational techniques, combining expertise in finance, economics, and engineering.

We teach the skills needed for quantitative analysis of financial instruments and markets. Our graduates are able to take these tools to corporations, financial institutions, and regulatory bodies, to use these markets to manage risk effectively today – and to develop the techniques and institutions to manage the new risk challenges of tomorrow.

What is Financial Engineering?

Financial Engineering is a multi-disciplinary field that pertains to the application of engineering approaches and methods to the analysis and management of financial opportunities and problems, particularly where risk is a concern.

The field has emerged as the result of the ever growing complexity required in describing and solving these business problems whose resolution requires fundamental economic principles and finance theory coupled with state-of-the-art mathematical methods, computational tools, and computer programming expertise.

In the News

See all news

Upcoming Events

See all events

Rankings and Affiliations

International Association for Quantitative Finance - Academic Program Affiliate Member Master of Finance Degrees top 25 programs US News and World Reports Best Grad Schools for Engineering Best Value School, Best ROI: Public Universities Midwestern US Region
TFE Times Top 10 International Association for Quantitative Finance - 2015 IAQF Case Competition Student Team Winner Best Quant Programs by QuantNet Ranked Top 30 for 2017 TFE Top 10 in 2017 Rankings

2017 Graduation RSVP

Please RSVP for the Class of 2017 Graduation Dinner by November 27, 2017.