UIC Liautaus MS in Finance

Master of Science in Finance

Opportunities in finance are growing rapidly as technology has revolutionized information access, transaction speeds, data gathering, and quantitative analysis. To help you retool quickly, our thirty-two credit hour Master of Science in Finance degree can be completed in one year of full-time study (or more than one year of part-time study). Graduates of the program are prepared for careers in corporate valuation, trading, risk management, portfolio management, venture capital, investment banking, commercial banking, and financial policy and regulation.

About the UIC MSF

The UIC Liautaud Master of Science in Finance program emphasizes a strong foundation in the financial principles that underlie modern finance. As a research university, professors in the finance department ask (and answer) questions that change how people worldwide think about finance.

For students seeking employment in the wide range of finance occupations in both the private and public sectors, the program takes full advantage of its location in the global financial center of Chicago. The International Center for Futures and Derivatives has strong relationships with the local exchanges and hosts events like the annual R/Finance conference. Graduates will be able network with industry professionals. Students are provided with access to leading financial and analytical technology in our state-of-the-art Market Training Lab, which provides practical skills necessary to be successful in today’s finance industry.

Graduates of the program will be well prepared to take the professional exams that are typically required of financial analysts, financial planners, and alternative investment analysts. They will also be prepared for certifications in independent risk management and decision making.

The UIC MSF Advantage

Unique Program Features

Technology has revolutionized the world of finance, from trading to portfolio construction to risk management.  Access to information has exploded, transactions are now faster, and even how we analyze data has changed.  Life moves fast, and our program is designed to get you up-to-speed quickly.

Fast-paced and flexible: Thirty-two credit hour degree program that can be completed in one year full-time study (or more than one year of part-time study).

Not the typical classroom experience: Advanced courses like The Chicago Exchanges and Fixed Income and Structured Products.

CME Training Lab: Virtual electronic trading center featuring Bloomberg Professional and other industry software that makes students marketable and job ready for finance careers.  Because finance has become automated, we offer free training on the latest software, including Bloomberg, R, and OneTick. We also offer access to CRSP, Compustat, IBES, Thomson Reuters, NYSE TAQ data, Datastream, and SDC and incorporate these into our courses.

The Power of a Research University:  The Finance Department was ranked number 23 in the latest USNews pool. Every spring the International Center for Futures and Derivatives hosts and audience of 300 hedge fund managers, heads of research, government regulators, and academics from around the world at the R/Finance conference.

Financial certification preparation: Preparation to pass key professional exams.

Scholarships:  We offer scholarships for highly qualified applicants. Scholarships are competitive and merit-based. Students should submit the application for admission and all required supporting materials by the application deadline. No additional paperwork is necessary.

Degree Requirements

Prerequisites

Students are expected to have successfully completed prior study comparable to the following courses, or demonstrate appropriate comparable work experience, before beginning the MS in Finance program:

Accounting 210/ 211 or 500

Introduction to Financial Accounting

Finance 301/302 or 500

Introduction to Finance

IDS 371or Finance 330

Business Statistics and/or Quantitative Methods

For applicants with limited to no background in the above areas, these courses will be added to their program of study. The number of prerequisite courses that can be added ranges from 1–3 additional courses, depending on an applicant’s background and is determined at the time of admission. 

The program requires a minimum of 32 credit hours (not counting prerequisite courses). Unless otherwise noted, a course counts for 4 credit hours.

Required courses:

 

Finance 510

Investments

Finance 520

Corporate Finance

Finance 570

Quantitative Methods in Finance

 

Elective courses:

Elective courses will be selected in consultation with an adviser with the intent to meet the educational goals and occupational needs of the student. At least five courses must be chosen from the following list of approved electives. Other courses may be elected with prior approval of the Director of Graduate Studies. At most, two of the first five elective courses can be in disciplines other than Finance. 

Finance

  • Portfolio Analysis
  • Fixed Income and Structured Products
  • Options and Futures Markets
  • Money and Banking
  • Capital Markets
  • Asset Management
  • International Finance
  • Islamic Finance
  • Empirical Issues in Finance
  • Chicago Exchanges
  • Special Topics
  • Independent Study

Accounting

  • Financial Accounting
  • Financial Statement Analysis
  • Corporate Valuation & Accounting Information

Economics

  • Microeconomics
  • Macroeconomics
  • Econometrics

Information and Decision Sciences

  • Analytics for Big Data
  • Data Mining for Business

 Degree candidates must have a cumulative grade point average of at least 3.00 (A=4.00) for 32 hours counting toward the degree.

Admissions

Applications Checklist

  • Complete online application.
  • Non-refundable application fee ($60)
  • Official transcripts of all post-secondary study
  • Official GMAT or GRE score
  • Have your score sent to:
    University of Illinois at Chicago, Liautaud Graduate School of Business, MSF
  • Two letters of recommendation.
  • Personal Statement of Purpose.
  • Current resume.
  • International Applicants: Official TOEFL score sent to school code 1851.
  • International Applicants: Declaration of Finances form and financial support documents

Application Deadlines

Domestic Applicants

June 15 – Fall semester entry
November 1 – Spring semester entry

International Applicants

February 15 – Fall semester entry
July 15 – Spring semester entry


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