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University of Illinois at Urbana-Champaign

Quality
0.46
Post-master’s salaries
$102,343
% of teaching conducted remotely
All courses hybrid.
Url
https://www.risk.net/quantitative-finance/7723386/quant-guide-2021-university-of-illinois-at-urbana-champaign
Teaching staff
15
Salary ($)
102343
Description
The University of Illinois at Urbana-Champaign’s Master of Science in Financial Engineering (MSFE) makes its second appearance in this year’s Quant Guide. The programme, directed by clinical professor of finance Morton Lane, takes place over 16 months and includes industry partner-sponsored practicum projects as a key element. Like many others, the course has seen a decline in student numbers this year – the latest cohort contains 22 students, against the last programme’s 50, the result of a large number of deferrals – it has made impressive gains in other areas. The average employment rate has increased since the MSFE’s last Quant Guide appearance, and graduate salaries have rocketed from an average of $87,500 to $102,343, putting the programme among the higher-earning segment of this year’s Quant Guide population. The MSFE is taught between two of the university’s colleges: the Gies College of Business; and the Grainger College of Engineering. Students, says Lane, have access to the career services teams in both colleges. He adds that the pandemic caused problems with recruiting for the current cohort, saying that staff saw a “drop-off in general inquiries from prospective employers”. Luckily, however, employers seeking particular expertise continued to court the programme. “[The drop in general interest] was offset by a pick-up in inquiries for specific skill sets – fortunately, ones that our students represent,” says Lane. Although remote teaching is not the programme’s preferred approach – Lane says that online classes are often more time-consuming than traditional ones – students have responded well to the coronavirus situation. The director adds that the MSFE has also introduced dedicated conversation sessions for students in China and the US, to foster the community atmosphere that cohorts expect to experience on campus.
Rank
13
Offers accepted
75 (accepted and paid deposit)
Programme director
Morton Lane
Address
Urbana and Champaign, Illinois, US
Title
Quant Guide 2021: University of Illinois at Urbana-Champaign
Applications received
342
Full-time students
22
Accept. rate
0.49
salary_descrepancy
7433
Visiting staff teaching hours
5
sheetnames
Empty
Academia
0.05
Students accepting
0.53
Class size
22
Staff to Students
0.68
peer_assessment
2.2
Average Citations
1539
Programme duration
16 months
Homework hours
20 hours per week
Offers made
166
Application deadline date
2021/04/15
tuition
52450
employment_descrepancy
0.13
Average class size
22
Most-cited lecturers
Charles Kahn: 2724 citations Neil Pearson: 1495 citations Ramavarapu Sreenivas: 371 citations Timothy Johnson: 923 citations B Peterson: 2182 citations
Ranking
82
Other
0.13
Consulting
0.2
Industry-affiliated teaching staff
5
Graduates employed in
Banking: 16% asset management: 34% consulting: 20% fintech: 12% academia: 5% other: 13%
emplm_rate_grad
0.6
Industry-affiliated lecturers
0.33
International students
20
class_descrepancy
16
% of take-home/remote exams
20% take-home 80% remote.
emplm_rate_3_month_aft
0.91
Remuneration
0.42
avr_start_salary_bonus
94910
Employment rate
0.95
Teaching hours
576
Reputation
0.36
Part-time students
Empty
cohort_size
6
Asset Management
0.34
Gender balance of teaching staff
87.5% male, 12.5% female
Banking
0.16
missing_data
10
avr_gre_quant
166
Website
https://msfe.illinois.edu/
Fintech
0.12
Fees
$77,880
Final
0.41
Gender balance of students
64% male, 36% female
Empl. rate
0.78
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