Master of Science [M.S] (Financial Risk Management)
$32,220 /Yr
Important Alert
- Application Deadline For Spring 2024 Intake - Oct 1, 2025
Tuition Fees
Year | 1st Year Fees |
---|---|
Tuition Fees | $32220 |
Other Expenses
Head | Avg Cost Per Year |
---|---|
Housing and Food (On Campus) | $10880 |
Health Insurance | $1378 |
Previous Year Tuition Fees
Year | 1st Year Fees |
---|---|
2023 | $17876 |
Important Dates
Event | Application Date |
---|---|
Application Deadline For Fall 2023 Intake | |
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: |
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 |
Documents Required |
• Completed online application form • Proof of English language proficiency (for international applicants) |
Application Fee |
$60 |
Application Link |
|
Decision Time |
The time to receive an admission decision is not explicitly stated on the university website and can vary based on the application volume and the completeness of the submitted materials. |
Interview |
There is no mention of a mandatory interview as part of the admission process. |
Scores Required
TOP Scholarships
Scholarship name | Award amount | Eligibility |
---|---|---|
Graduate Assistantships | 17000 | Have a minimum cumulative grade point average of 3.0 and be in good academic standing. |
Key Resources for Your Study Abroad Journey
Course Guides
Best MS Courses in USA for International Students in 2025
Masters (MS) in USA: Colleges, Courses, Deadlines, Eligibility & Fees
MBA in Finance in the USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
MS in Finance in USA: Fees 2024, Top Colleges, Placements & Salaries
College Student Profiles
Scholarship Grants & Financial Aids
Name | Scholarship Per Student | Level of Study | Type | |
---|---|---|---|---|
AAUW International Fellowships | Scholarship per student$ 50,000/Yr$50,000 | Level Of StudyDoctorate | TypeMerit-Based | |
Shardashish Interschool fellowship | Scholarship per student$ 50,000/Yr$50,000 | Level Of StudyMaster | TypeCollege-Specific | |
University of Phoenix | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
Novus Biological Scholarship Program | Scholarship per student$ 1,500/Yr$1,500 | Level Of StudyAssociate | TypeMerit-Based | |
Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
Gyandhan Scholarship | Scholarship per student$ 1,207/Yr$1,207 | Level Of StudyMaster | TypeMerit-Based |
Similar Programs
Program | Important Date | Total Fees | Median Exams Score | Action |
---|---|---|---|---|
-- | USD 26,520 /Yr |
| ||
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 |
| ||
-- | USD 29,970 /Yr |
| ||
USD 24,786 /Yr |
| |||
USD 15,480 /Yr |
|
Do you think the Dates are wrong ? Report Here
Comments