M.S. in Financial Risk Management from Northern Illinois University 2026 Entry: Dates, Fees, Eligibility, Entry Requirements etc.

DeKalb, IllinoisLocation
UniversitySchool type
Estd1895established year
18045enrollment
Public
6.7/10

Master of Science [M.S] (Financial Risk Management)

1 year
Full Time
On Campus

Field of Study

$32,220 /Yr

4 Students Applied
4 Students Admitted

Important Alert

  • Application Deadline For Spring 2024 Intake - Oct 1, 2025

Tuition Fees

Year1st Year Fees
Tuition Fees$32220

Other Expenses

HeadAvg Cost Per Year
Housing and Food (On Campus)$10880
Health Insurance$1378

Previous Year Tuition Fees

Year1st Year Fees
2023$17876

Important Dates

EventApplication Date
Application Deadline For Fall 2023 Intake May 1, 2025
Application Deadline For Spring 2024 Intake Oct 1, 2025

M.S. in Financial Risk Management from Northern Illinois University – Overview

NIU’s STEM-designated M.S. in Financial Risk Management prepares students for careers in portfolio and risk analysis using tools like R and Python. As a GARP partner, it includes FRM exam prep and Bloomberg certifications. Total estimated cost is ~$42,000 annually. Scholarships via NIU and GARP offer tuition support and exam fee coverage. The university has a ~59% acceptance rate and ~92% employment rate. Applications are accepted on a rolling basis; fee is $60.

M.S. in Financial Risk Management from Northern Illinois University – Fees

The estimated total cost for international students is approximately $42,000 per year, which includes tuition (~$28,626), housing (~$10,800), meals (~$4,500), books/supplies (~$1,200), and health insurance (~$2,100). The application fee is $60. Graduate assistantships can offer partial or full tuition waivers and stipends.

M.S. in Financial Risk Management from Northern Illinois University – Dates

NIU operates on a rolling admissions basis, meaning there is no fixed priority deadline. Applications are reviewed until program capacity is reached. International applicants are encouraged to apply early to allow sufficient time for visa processing. 

M.S. in Financial Risk Management – Curriculum Overview

Course Type

Course Code

Module (Course Title)

Required Courses

FINA 607

Financial Analysis

FINA 620

Investment Fundamentals

FINA 630

Analysis of Fixed Income Securities

FINA 650

Fundamentals of Financial Markets

FINA 674

Financial Risk Management I

FINA 675

Financial Modeling

Subtotal Required Credits

Elective Courses

Varies

Students must complete 12 credit hours of elective courses. This allows for specialization in areas of interest, including further study in risk management if advanced courses are offered. Examples of potential electives include:
• FINA 651 - Seminar in Financial Institution Management
• FINA 662 - Financial Management Strategies
• FINA 685 - International Business Finance
• FINA 695 - Seminar in Finance Topics


Eligibility & Entry Requirement

Category

Details

Academic Requirement

A baccalaureate degree from an accredited institution. A minimum undergraduate GPA of 2.75 on a 4.0 scale is typically required. Students without a background in finance may need to complete prerequisite courses.

Work Experience

The official program information does not specify a mandatory work experience requirement.

English Language Score

• TOEFL iBT: 80
• IELTS: 6.5
• PTE Academic: 53

Documents Required

• Completed online application form
• Official transcripts from all post-secondary institutions attended

• Proof of English language proficiency (for international applicants)
• Letters of recommendation
• A statement of purpose outlining your academic and career goals
• A current resume or curriculum vitae (CV)

Application Fee

$60

Application Link

https://enroll.niu.edu/portal/apply_gr

Decision Time

The time to receive an admission decision is not explicitly stated on the university website and can vary based on the application volume and the completeness of the submitted materials.

Interview

There is no mention of a mandatory interview as part of the admission process.


Scores Required

80 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

53 / 90

Avg. Score in

PTE

115 / 160

Avg. Score in

Duolingo

60

Application Fees

30

ECTS Credits

TOP Scholarships

Scholarship nameAward amountEligibility
Graduate Assistantships17000Have a minimum cumulative grade point average of 3.0 and be in good academic standing.



Comments


No Comments To Show

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
AAUW International FellowshipsScholarship per student$ 50,000/Yr$50,000Level Of StudyDoctorateTypeMerit-Based
Shardashish Interschool fellowshipScholarship per student$ 50,000/Yr$50,000Level Of StudyMasterTypeCollege-Specific
University of PhoenixScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
Novus Biological Scholarship ProgramScholarship per student$ 1,500/Yr$1,500Level Of StudyAssociateTypeMerit-Based
Forktip Women’s- Innovation ScholarshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
Gyandhan ScholarshipScholarship per student$ 1,207/Yr$1,207Level Of StudyMasterTypeMerit-Based

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
--
USD 26,520 /Yr
  • TOEFL: 80
  • IELTS: 6.5
  • Duolingo: 125
Round 4 Application Deadline For Fall 2025 Intake (8th Jun 2025)
Round 1 Application Deadline For Fall 2026 Intake (19th Jan 2026)
Round 2 Application Deadline For Fall 2026 Intake (16th Mar 2026)
Round 3 Application Deadline For Fall 2026 Intake (20th Apr 2026)
USD 42,532 /Yr
  • IELTS: 6.5
  • TOEFL: 80
  • PTE: 54
  • GRE: 300
--
USD 29,970 /Yr
  • TOEFL: 80
  • IELTS: 6.5
Application Deadline For Summer 2025 Intake (1st Apr 2025)
Application Deadline For Fall 2025 Intake (15th Jun 2025)
USD 24,786 /Yr
  • IELTS: 6.0
  • TOEFL: 61
  • Duolingo: 105
Application Deadline For Fall Intake (1st Jun 2025)
USD 15,480 /Yr
  • IELTS: 6.5
  • TOEFL: 79
  • PTE: 52
  • Duolingo: 105

Do you think the Dates are wrong ?  Report Here

Videos
Write A Review & Earn Upto 20 USD*

Refer & Earn 5 USD For Every Approved Review

Cash Rewarded

$1500

Reviews Collected

3k+ Reviews

interested in this College ?

Get free counselling
Important Dates