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2023 Most Focused Master’s Degree Colleges for Financial Mathematics in Illinois

6 Ranked Colleges
300 Degrees Awarded
$33,600 Avg Cost*
Schools for a Master's Highly Focused on Financial Math Major in Illinois

Students have lots of options to chooose from today when trying to decide which college to attend. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Schools for a Master’s Highly Focused on Financial Math Major in Illinois” ranking is one tool we have developed to help in this regard.

In 2021-2022, 4,750 people earned their degree in financial mathematics, making the major the 153rd most popular in the United States.

Across Illinois, there were 304 financial mathematics graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 300 financial mathematics graduates with average earnings and debt of $59,827 and $47,424 respectively.

This year’s “Schools for a Master’s Highly Focused on Financial Math Major in Illinois” ranking looked at 6 colleges that offer degrees in a bachelor’s in financial mathematics. The colleges and universities that top this list are recognized because their financial mathematics program is one of the largest majors offered at the school.

Check out our ranking methodology for more information.

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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Schools for a Master’s Highly Focused on Financial Math Major in Illinois” list, to help you choose the best school for you.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Schools for a Master’s Highly Focused on Financial Math Major in Illinois

The following schools top our list of the Best “Schools for a Master’s Highly Focused on Financial Math Major in Illinois”.

Top 6 Most Focused Master’s Degree Colleges for Financial Mathematics in Illinois

1
UChicago crest
University of Chicago
Chicago, Illinois

Out of the 6 schools in the Schools for a Master’s Highly Focused on Financial Math Major in Illinois that were part of this year’s ranking, University of Chicago landed the #1 spot on the list. This fairly large school is located in Chicago, Illinois, and it awarded 144 masters’s financial math degrees in 2021-2022.

The school has an excellent freshman retention rate of 99%, which means students like the school well enough to return for a second year. The undergraduate student-to-faculty ratio of 5 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The low undergrad student loan default rate of 0.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read more about Financial Mathematics at University of Chicago

2

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #2 on our 2023 Schools for a Master’s Highly Focused on Financial Math Major in Illinois list. Located in Champaign, Illinois, this large public school handed out 88 degrees to qualified masters’s financial math students in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 0.6%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.

Read more about Financial Mathematics at University of Illinois at Urbana-Champaign

3
DePaul crest
DePaul University
Chicago, Illinois

You’ll join some of the best and brightest minds around if you attend DePaul University. The school came in at #3 for the Schools for a Master’s Highly Focused on Financial Math Major in Illinois. Chicago, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out masters’s financial math degrees to 28 students in 2021-2022.

The school has an impressive undergrad student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%.

Read full report on Financial Mathematics at DePaul University

4

You’ll join some of the best and brightest minds around if you attend Illinois Institute of Technology. The school came in at #4 for the Schools for a Master’s Highly Focused on Financial Math Major in Illinois. Located in Chicago, Illinois, this medium-sized private not-for-profit school handed out 3 diplomas to qualified masters’s financial math students in 2021-2022.

With a freshman retention rate of 87%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.8% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read more about Financial Mathematics at Illinois Institute of Technology

5

You’ll join some of the best and brightest minds around if you attend University of Illinois at Chicago. The school came in at #5 for the Schools for a Master’s Highly Focused on Financial Math Major in Illinois. University of Illinois at Chicago is a large school located in Chicago, Illinois that handed out 24 masters’s financial math degrees in 2021-2022.

The low undergrad student loan default rate of 0.7% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read full report on Financial Mathematics at UIC

6

Northern Illinois University ranked #6 on this year’s Schools for a Master’s Highly Focused on Financial Math Major in Illinois list. Located in Dekalb, Illinois, this fairly large public school awarded 13 degrees to qualified masters’s financial math students in 2021-2022.

The low undergrad student loan default rate of 2.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read full report on Financial Mathematics at NIU

Notes and References

References

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