Location:

Chicago, United States

Program Type:

Full Degree

Degree Level:

Master

Specialty:

Finance

Program Overview

Program Description:

Deregulation is bringing major changes to the electric power industry. Electricity is now traded in commodity markets, and these new markets affect the way the electric power grid is controlled and operated. Electrical engineers need to understand both the technical and the business sides of these changes in order to address the needs of the electric power industry. IIT's Department of Electrical and Computer Engineering and Center for Financial Markets have teamed up to develop new master s degree and graduate certificate programs in electricity markets. Combining existing and new courses from the graduate programs in electrical engineering and in financial markets and trading, the programs provide graduate-level education in electricity markets suitable for electric power engineers. The program of study includes a minimum of 30 credit hours of acceptable graduate coursework, with a minimum of 18 credit hours at the 500 level or higher (excluding accelerated courses and master s seminars). Up to two credits of Master's Seminar (ECE 595 or ECE 596) and up to six credits of accelerated courses may be applied to the degree. A background in finance is not required.

Additional Program Information

Accreditation:

Illinois Institute of Technology is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.

Requirements:

Cumulative undergraduate GPA minimum: 3.0/4.0 Minimum GRE score: 1100 (quantitative + verbal), 3.5 (analytical writing)

International Requirements:

TOEFL minimum (if required): 550/213/80 (paper based/ computer based/ internet based)