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Master of Electricity Markets (STEM)

Illinois Institute of Technology - Mies Campus

USA,Illinois

0 Shortlist

24 Months

Duration

CAD 33,318/year

Tuition Fee

CAD 100

Application Fee

Apply Date

USA, Illinois

Type: University

Location Type: Urban

Founded: 1890

Total Students: 8,565 +

Campus Detail

Main Campus Address

10 W 35th St, Chicago, IL 60616, United States

Overview
Key Facts
Fees & Funding
Admission Requirements
Additional Info
Scholarships
Student Visa
Work Permit

Master of Electricity Markets (STEM)

Program Overview

Illinois Tech’s Master of Electricity Markets combines courses from graduate programs in electrical engineering and finance to address the changing needs of the electric power industry. Electricity is traded as a commodity in financial markets, which affects the way electric power grids are controlled and operated, and restructuring of electricity delivery brings major changes to the electric power industry,

The Department of Electrical and Computer Engineering and Illinois Tech's Stuart School of Business have teamed up to offer graduate-level coursework in electricity suitable for electric power engineers, preparing students to understand both the technical and business side of such changes.

Students courses include power system planning, financial planning, and elements of sustainable energy.

Program Overview

This program offers students graduate-level coursework in electricity suitable for electric power engineers and prepares students to understand both the technical and business side of such changes. Students courses include power system planning, financial planning, and elements of sustainable energy.

Detailed Program Facts

Program Level

Master's Degree

Application Processing Days

28 Days

Program Intensity

Full-Time

Duration of Program

24 Months

Backlogs Allowed

Program Intakes

Intake Month/Year		Intake Status
aug 2025		Closed

Application Fee

Application Fee: CAD 100

Tuition Fee

CAD 33,318 per year

*Note: The fee is approximate and is subject to change

Living Cost in Illinois Institute of Technology - Mies Campus

CAD 12,000 per year

*Note: The fee is approximate and is subject to change

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Check program website for more information about funding options.

English Test Requirements

IELTS
- Minimum Overall Score - 6.5
TOEFL
- Minimum Overall Score - 80
GRE
DUOLINGO
- Minimum Overall Score - 115.0

Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor's Degree.

Minimum CGPA Required: 70.00 %

Additional Information

Career Opportunities

Our graduate Master of Electricity Markets program will prepare you for such careers as:

Principal electrical power systems software engineer
Power systems engineer
Electric power engineer

Scholarships

Type of Scholarship	Scholarship Information	Amount/ Range
International Undergraduate Student Scholarships	International Undergraduate Student Scholarships Criteria: Open to international first-year and transfer students. No separate application required; considered automatically upon admission. Based on academic success, community involvement, and other achievements. Note: International students must submit a Financial Affidavit of Support to demonstrate their ability to finance their education. LINK: https://www.iit.edu/admissions-aid/tuition-and-aid/scholarships	International Undergraduate Student Scholarships Amount: $40,000–$100,000 over four years.

Work Permit

PGWP

Optional Practical Training or OPT is a period during which students, who have completed their degrees in the USA, are permitted to work for one year on a student visa by the United States Citizenship and Immigration Services (USCIS). OPT allows students to work for up to 3 years and develop real-world skills to survive in the competitive jobs market.

It is temporary employment for a period of 12-months that is directly related to the major area of study of an F-1 student. Eligible students have the option to apply for OPT employment authorization before completing their academic studies and/or after completing their academic studies.

A student can participate in three types of Optional Practical Training (OPT):

Pre-Completion OPT: This is temporary employment provided to F-1 students before completion of their course of study.
Post-Completion OPT: This is temporary employment available to F-1 students after completing their course of study.
24 Month STEM Extension: Students enrolled in STEM (Science, Technology, Engineering, and Mathematics) courses can a 24-month extension after their initial Post-Completion OPT authorization.