University of Illinois MS in Financial Engineering: Fees, Living Costs, Test Scores, Visa Process, Work during Study, Entry Requirements.

UI Urbana MS Financial Engineering Fees, Requirement, Application, Deadline 2026.

Urbana, IllinoisLocation
UniversitySchool type
Estd1867established year
43283enrollment
Public
Urbanacampus
7.9/10

Master of Science [MS] (Financial Engineering)

15 months
Full Time
On Campus
Ranked #48 out of 1200 by THE Global Ranking 2022

$47,100 /Yr

23 Students Applied
18 Students Admitted
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Collegedunia Team

Content Curator | Updated on - Dec 23, 2025

UI Urbana MS Financial Engineering is a 15 months Full Time Master program. This program is offered On Campus, requiring a successful completion of 48 credits. The first year fees for MS Financial Engineering at UI Urbana is ₹ 42.35 Lakhs (USD 47100). Earlier in 2024, the MS Financial Engineering Fee was ₹ 35.38 Lakhs (USD 39344). This shows that the academic fees has increased by ₹ 697420 (USD 7756).

For admission to MS Financial Engineering at UI Urbana, international students need GPA- 3.5, TOEFL- 79, IELTS- 6.5, Duolingo- 115. The Application Deadline For Fall 2026 Intake is 15 April 2026. For more details, check UI Urbana Admissions 2025

According to Times Higher Education, UI Urbana ranked 48 out of 1200 in Global Ranking.

UI Urbana MS Financial Engineering Total Fees 2025

The tuition fee for MS Financial Engineering at UI Urbana is USD 47100 per year (₹ 42.35 Lakhs). Meanwhile, the total cost is USD 73414/Year (₹ 66.01 Lakhs). This includes the tuition fee and other expenses such as Living Cost, Books & Supplies, Health Insurance, etc.

The tuition fee for MS Financial Engineering at University of Illinois is as follows:

Expense TypeAverage Cost (INR)Equivalent (USD)
Tuition Fee₹ 42.35 LakhsUSD 47100
Application Fee₹ 8,093USD 90

The other expenses for MS Financial Engineering at University of Illinois is as follows:

Expense TypeAverage Cost (INR)Equivalent (USD)
Housing and Food ₹ 14.14 Lakhs USD 15730
Other Living Expenses ₹ 2.78 Lakhs USD 3090
Health Insurance ₹ 1.96 Lakhs USD 2176
Books and supply ₹ 1.62 Lakhs USD 1800
International differential fee ₹ 14,028 USD 156
Other Fees ₹ 3.02 Lakhs USD 3362
Total Cost ₹ 23.66 Lakhs USD 26314

MS Financial Engineering Tuition Fee Trends at UI Urbana

UI Urbana MS Financial Engineering Fees for Indian students is ₹ 42.35 Lakhs (USD 47100). This academic fee has increased by ₹ 697420 (USD 7756) from 2024. Candidates can check the year on year trends in UI Urbana Fees in the table below.

Academic YearTuition Fees (INR)Tuition Fees (USD)
2025₹ 42.35 LakhsUSD 47100
2024₹ 35.38 LakhsUSD 39344

UI Urbana MS Financial Engineering Application Deadlines & Important Dates

The key dates for the application process for MS Financial Engineering at UI Urbana include:

  • Application Deadline For Fall 2026 Intake is 15 April 2026

MS Financial Engineering at UI Urbana Admission 2025

To be eligible for admission to MS Financial Engineering at UI Urbana, applicants must meet specific academic and language requirements.

CategoryDetails
Duration15 Month
Academic RequirementBachelor Degree from a regionally accredited College/University.
English Language RequirementsTOEFL- 79, IELTS-  6.5, Duolingo- 115
Application Fee$90
Application LinkApply Here
Documents RequiredBachelor Degree
Unofficial Transcript
English language Proficiency score
Resume/CV
Statement of Purpose
Three Letter of Recommendation
Passport Copy

UI Urbana MS Financial Engineering Application Link

UI Urbana MS Financial Engineering Application Link; Apply Here

MS Financial Engineering at UI Urbana Admission Requirements

For admission to MS Financial Engineering, UI Urbana accepts TOEFL, IELTS, Duolingo exam. The average scores among admitted students are typically around: 79 in TOEFL, 6.5 in IELTS, 115 in Duolingo.

MS in Financial Engineering Fee Comparison

The fee comparison for similar programs like UI Urbana MS Financial Engineering are:

UniversityProgramFirst Year Fees in USDFirst Year Fees in INR
University of IllinoisM.S Civil and Environmental EngineeringUSD 39,344 /YrINR 35.4 L/Yr
University of WisconsinM.S Manufacturing Systems EngineeringUSD 24,480 /YrINR 22 L/Yr
Also Check:

Important Alert

  • Application Deadline For Fall 2026 Intake - Apr 15, 2026

Tuition Fees

Year1st Year Fees
Tuition Fees$47100

Other Expenses

HeadAvg Cost Per Year
Housing and Food$15730
Other Living Expenses$3090

Previous Year Tuition Fees

Year1st Year Fees
2024$39344

Important Dates

EventApplication Date
Application Deadline For Fall 2026 Intake Apr 15, 2026

Scores Required

79 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

115 / 160

Avg. Score in

Duolingo

90

Application Fees

48

ECTS Credits


Ranking

20252024202320222021202020192018

Times Higher Education logo
Engineering 25 out of 1250 in Global Ranking
( #13 out of 145 in USA 2025)

QS World University logo
Engineering 23 out of 550 in Global Ranking
( #9 out of 73 in USA 2025)

US News logo
Engineering 8 out of 198 in Global Ranking
( #8 out of 159 in USA 2025)

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Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
Application Deadline For Spring 2026 Intake (15th Feb 2026)
USD 39,344 /Yr
  • TOEFL: 79
  • IELTS: 6.5
  • Duolingo: 115
--
USD 24,480 /Yr
  • IELTS: 7
  • TOEFL: 92
  • Duolingo: 125

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