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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.

Before enrolling in the sequence, students must consult the Graduate Program Director of the Department of Economics and the MBA Program Office to obtain approval for registering for Finance, Insurance, and Law (FIL) courses. In order to enroll in FIL courses, students must have satisfied the following requirements: (1) complete ECO 437 with a grade of B or better; (2) have a GPA of 3.0 or higher; (3) complete FIL 404 or equivalent (the student has either taken a similar course at the undergraduate level or passed a proficiency exam administered by the MBA Program Office) before registering for FIL 440.

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
  • have a minimum 2.8 GPA (on a scale in which an A is a 4.0) for the last 60 hours of undergraduate work
  • present official transcripts from each college or university other than Illinois State at which graduate, undergraduate, or non-degree credit was earned. Transcripts can be emailed from the university to or mailed in a sealed envelope to: Office of Admissions, 201 Hovey Hall, Campus Box 2200, Normal, IL 61790-2200

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

Additional Program Admission Requirements

A student applying to this program must:

  • submit official GRE Scores (use institutional code 1319). A minimum score of 295 combined verbal and quantitative is required.
  • Please submit three letters of recommendation to:
    Department of Economics
    Illinois State University
    Campus Box 4200
    Normal, IL 61790-4200

Admission Dates and Deadlines

Term Application Deadline
Fall (August)  July 1 
Fall (August)  May 1 for International students 
Spring (January)  March 1 
Spring (January)  October 1 for International students 
Summer (May/June)  No applications are accepted for summer 

Graduate Assistantship Information

The University provides graduate assistantships as a means of financial support. They are intended as a way to facilitate a student's progress to degree while providing important professional development.


To be eligible for an assistantship a student must, generally,

  • be admitted unconditionally as a degree-seeking student into a graduate academic program, or have a minimum of 120 undergraduate hours if in an integrated degree program
  • be in good-standing
  • be enrolled full-time (typically at least 9 credit hours during the fall or spring semesters, or at least 6 hours during the summer session).


Graduate assistants receive

  • monthly wages paid in the form of either a stipend or an hourly wage
  • a waiver for 100% of tuition during a semester of appointment
  • a waiver for up to 12 credit hours of tuition for the summer term immediately following a fall or spring appointment

Cost & Funding

See Student Accounts for information on tuition and fees. Funding for graduate students is available from several different sources. Students who have been admitted from continuous states including Iowa, Indiana, Kentucky, Michigan, Missouri, and Wisconsin will receive in-state tuition.

Graduate Coordinator

Name Office Email Phone
Hassan Mohammadi  Stevenson 430  (309) 438-7777 
2016-08-30T13:46:29.206-05:00 2016