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Illinois State University

Illinois , Normal ,United States

Masters Economics - Financial Economics

The Financial Economics sequence provides students training in the financial theory of the firm, financial markets and institutions to complement their training in applied economics analysis. It is designed for students who have an interest in employment opportunities in the financial sector such as investment and commercial banks, economic and financial asset management companies, and consulting firms, or who are interested in pursuing a Ph.D. degree. This is a STEM designated degree, which focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. STEM designated degree programs offer additional benefits for students, including potential grant funded opportunities and, for international students, extended OPT study options.

Intakes

  • March
  • June
  • Oct

Application Processing Time in Days: 15

Minimum English Language Requirements

English Level Description IELTS (1.0 -9.0) TOEFL IBT (0-120) TOEFL CBT (0-300) PTE (10-90)
Expert 9 120 297-300 86-90
Very Good 8.5 115-119 280-293 83-86
Very Good 8 110-114 270-280 79-83
Good 7.5 102-109 253-267 73-79
Good 7 94-101 240-253 65-73
Competent 6.5 79-93 213-233 58-65
Competent 6 60-78 170-210 50-58
Modest 5.5 46-59 133-210 43-50
Modest 5 35-45 107-133 36-43
Limited 4 32-34 97-103 30-36
Extremely Limited < 4 < 31 < 93 < 30

Job Opportunity Potential

Career Services strives to provide students and alumni with the career resources and services that enhance their career development and readiness, while providing them with opportunities to connect with employers seeking Redbirds as candidates.

Career Services assists all Illinois State University students with developing, evaluating, and implementing career decisions.

To be recognized by internal and external stakeholders as a leading, full-service career center serving the Illinois State University community.

PSW Opportunity

Post-Study Work visa or permit, allowing international students on F-1 visas to work in the US after completing their studies, typically through Optional Practical Training (OPT).

Eligibility:
To be eligible for OPT, students must have been enrolled full-time in a US educational institution for at least one academic year and be seeking work related to their major.

Duration:
Students can apply for up to 12 months of OPT, either before they finish their studies (pre-completion) or after graduation (post-completion).

STEM OPT:
Students in STEM (Science, Technology, Engineering, and Mathematics) fields can apply for an extended OPT period of up to 24 months.

Admission Requirement / Eligibility Criteria

University Admission Requirements

A student applying to a master's program must:

  • have earned a four-year bachelor's degree or its equivalent from a college or university that is accredited by the appropriate regional accrediting association, or do so within one academic year
  • present unofficial transcripts from each college or university other than Illinois State at which graduate, undergraduate, or non-degree credit was earned. The unofficial transcript should be easily readable and clearly indicate degree(s) awarded, courses and course grades for each term.

International students can learn more about specific application requirements by visiting the Office of Admissions.

Additional Program Admission Requirements

To be considered for this program, you must meet the following requirements.

GPA

You must have a cumulative GPA of 3.0 on a 4.0 scale for either the last 60 hours of your undergraduate coursework or any previous work in a Master's program.

GRE

Submit your score from the Graduate Record Examination (GRE) Revised General Test. 

Admitted students typically meet or exceed Quantitative score of 155, and combined Verbal + Quantitative score of 300.

Academic Background

This program requires an undergraduate degree in computer science or closely related areas. If you lack sufficient background, you will need to complete fundamental courses before enrolling in the MS Computer Science degree courses. 

Students lacking sufficient background should expect to complete some or all of the following fundamental courses with a grade of B or better before enrolling in MSCS: 

  • IT 168: Structured Problem-solving Using The Computer 
  • IT 179: Introduction to Data Structures 
  • IT 180: C++ Programming 
  • IT 225: Computer Organization 
  • IT 279: Algorithms and Data Structures 
  • IT 383: Principles of Operating Systems 
  • IT 378: Database Processing 

English Proficiency Score (International Students Only)

International students must have a TOEFL score of at least 79 iBT. The minimum acceptable IELTS score is 6.5 overall band.

  • Course Type: Full Time
  • Course Level: Masters/PG Degree
  • Duration: 01 Year  
  • Total Tuition Fee: 28944 USD
    Average Cost of Living: 14000 USD /year
    Application Fee: 50 USD
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