Illinois Institute of Technology MS Finance: Fees, Living Costs, Test Scores, Visa Process, Work during Study, Entry Requirements.

Illinois Institute of Technology Master of Science [M.S] Finance Fees, Deadlines, Eligibility etc.

Chicago, IllinoisLocation
UniversitySchool type
Estd1890established year
7164enrollment
Private (Not for Profit)
7.1/10

Master of Science [M.S] (Finance)

2 years
Full Time
On Campus

Field of Study

Ranked #401 out of 1501 by THE Global Ranking 2023

$29,370 /Yr

15 Students Applied
14 Students Admitted
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Collegedunia Team

Content Curator | Updated on - Nov 28, 2025

IIT Chicago M.S Finance is a 2 years Full Time Master program. This program is offered On Campus, requiring a successful completion of 33 credits. The first year fees for M.S Finance at IIT Chicago is ₹ 26.27 Lakhs (USD 29370). Earlier in 2023, the M.S Finance Fee was ₹ 27.56 Lakhs (USD 30816). This shows that the academic fees has decreased by ₹ 129344 (USD 1446).

For admission to M.S Finance at IIT Chicago, international students need GPA 3.0, IELTS 6.5, TOEFL 80, Duolingo 115. The Application Deadline For Fall Intake is 15 June 2026. For more details, check IIT Chicago Admissions 2025

According to Times Higher Education, IIT Chicago ranked 401 out of 1501 in Global Ranking.

IIT Chicago M.S Finance Total Fees 2025

The tuition fee for M.S Finance at IIT Chicago is USD 29370 per year (₹ 26.27 Lakhs). Meanwhile, the total cost is USD 57986/Year (₹ 51.87 Lakhs). This includes the tuition fee and other expenses such as Living Cost, Books & Supplies, Health Insurance, etc.

The tuition fee for M.S Finance at Illinois Institute of Technology is as follows:

Expense TypeAverage Cost (INR)Equivalent (USD)
Tuition Fee₹ 26.27 LakhsUSD 29370
Application Fee₹ 8,945USD 100

The other expenses for M.S Finance at Illinois Institute of Technology is as follows:

Expense TypeAverage Cost (INR)Equivalent (USD)
Housing Cost ₹ 10.47 Lakhs USD 11700
Food ₹ 4.2 Lakhs USD 4700
Transportation ₹ 1.79 Lakhs USD 2000
Personal and Miscellaneous ₹ 3.13 Lakhs USD 3500
Health Insurance ₹ 2.04 Lakhs USD 2286
Books and supply ₹ 83,189 USD 930
Miscellaneous expenses ₹ 3.13 Lakhs USD 3500
Total Cost ₹ 25.6 Lakhs USD 28616

M.S Finance Tuition Fee Trends at IIT Chicago

IIT Chicago M.S Finance Fees for Indian students is ₹ 26.27 Lakhs (USD 29370). This academic fee has decreased by ₹ 129344 (USD 1446) from 2023. Candidates can check the year on year trends in IIT Chicago Fees in the table below.

Academic YearTuition Fees (INR)Tuition Fees (USD)
2024₹ 26.27 LakhsUSD 29370
2023₹ 27.56 LakhsUSD 30816
2021₹ 47.64 LakhsUSD 53262

IIT Chicago M.S Finance Application Deadlines & Important Dates

The key dates for the application process for M.S Finance at IIT Chicago include:

  • Application Deadline For Spring Intake is 15 November 2025
  • Application Deadline For Summer Intake is 15 March 2026
  • Application Deadline For Fall Intake is 15 June 2026

M.S Finance at IIT Chicago Admission 2025

To be eligible for admission to M.S Finance at IIT Chicago, applicants must meet specific academic and language requirements.

Category

Details

School

Stuart School of Business

Course Duration

2 years

Total Credits

33

Academic Requirements

Applicants must have a bachelor’s degree with a minimum cumulative grade-point average of 3.0 on a 4.0 scale

English Proficiency Score

  • IELTS Overall score of 6.5 with minimum score of 6.0 in each component.
  • TOEFL iBT Overall score of 80 with minimum score of 20 in each component.
  • Duolingo Overall score of 115 with minimum score of 115 in each component.

Application Fee

$100

Application Link

https://apply.illinoistech.edu/apply/?sr=8413d171-84fa-4644-94c4-4282a46a20fa

Documents Required

  • Completed online application
  • Application Fee
  • Official transcripts 
  • No GMAT or GRE scores required
  • A one-page statement of purpose, with goals and objectives
  • English proficiency exam scores 
  • Bank statement (The statement should be officially certified and signed by a bank official)
  • A copy of your passport
  • Students Visa (if available)

IIT Chicago M.S Finance Application Link

IIT Chicago M.S Finance Application Link; Apply Here

M.S Finance at IIT Chicago Admission Requirements

For admission to M.S Finance, IIT Chicago accepts IELTS, TOEFL, Duolingo exam. The average scores among admitted students are typically around: 6.5 in IELTS, 80 in TOEFL, 115 in Duolingo.

M.S in Finance Fee Comparison

The fee comparison for similar programs like IIT Chicago M.S Finance are:

UniversityProgramFirst Year Fees in USDFirst Year Fees in INR
Illinois Institute of TechnologyMaster of Mathematical FinanceUSD 53,400 /YrINR 47.8 L/Yr
DePaul UniversityM.B.A FinanceUSD 35,760 /YrINR 32 L/Yr
University of San FranciscoM.S/M.B.A Financial AnalysisUSD 29,140 /YrINR 26.1 L/Yr
University of IllinoisMS FinanceUSD 42,532 /YrINR 38 L/Yr
Saint Xavier UniversityM.B.A Financial Fraud Examination and ManagementUSD 29,970 /YrINR 26.8 L/Yr
Lewis UniversityM.S FinanceUSD 15,480 /YrINR 13.8 L/Yr
Northern Illinois UniversityM.S FinanceUSD 38,370 /YrINR 34.3 L/Yr
Also Check:

Important Alert

  • Application Deadline For Summer Intake - Mar 15, 2026

Tuition Fees

Year1st Year Fees
Tuition Fees$29370

Other Expenses

HeadAvg Cost Per Year
Housing Cost$11700
Food$4700

Tuition fee per credit: $1780

Previous Year Tuition Fees

Year1st Year Fees
2023$30816
2021$53262

Important Dates

EventApplication Date
Application Deadline For Summer Intake Mar 15, 2026
Application Deadline For Fall Intake Jun 15, 2026

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Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Comindware ScholarshipScholarship per student$ 4,000/Yr$4,000Level Of StudyApprenticeshipTypeMerit-Based
Forktip Women’s- Innovation ScholarshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
FINCAD Women in Finance ScholarshipScholarship per student$ 20,000/Yr$20,000Level Of StudyMasterTypeMerit-Based
Jane M. Klausman Women in Business ScholarshipScholarship per student$ 5,000/Yr$5,000Level Of StudyBachelorTypeMerit-Based
Ritchie-Jennings Memorial Scholarship ProgramScholarship per student$ 10,000/Yr$10,000Level Of StudyBachelorTypeMerit-Based
Axol Science ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeCompany-Sponsored

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
Application Deadline For Summer Intake (15th Mar 2026)
Application Deadline For Fall Intake (15th Jun 2026)
USD 53,400 /Yr
  • IELTS: 6.5
  • TOEFL: 80
  • Duolingo: 115
--
USD 35,760 /Yr
  • IELTS: 6.5
  • TOEFL: 80
  • PTE: 53
  • Duolingo: 115
  • GMAT: 500
--
USD 29,140 /Yr
  • TOEFL: 90
  • IELTS: 6.5
  • PTE: 61
  • Duolingo: 120
Application Deadline For Fall 2026 Intake (1st Apr 2026)
Application Deadline For Spring 2027 Intake (1st Sep 2026)
USD 42,532 /Yr
  • IELTS: 6.5
  • TOEFL: 80
  • PTE: 54
--
USD 29,970 /Yr
  • GMAT: 550
  • IELTS: 6.5
  • TOEFL: 80

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