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What is Finance?
Finance degree programs offer students the opportunity to explore a wide range of topics related to the financial industry. These may include economics, investments, accounting, banking, insurance, and risk management. Depending on the program or the school offering the degree program, there may be additional courses focusing on specific areas, such as real estate or international finance.
Undergraduate programs in finance often provide a solid foundation in key areas of finance and economics while providing basic training in financial modeling, analysis, and decision-making. While some programs are more specialized than others, most will require students to take classes in business law, quantitative methods, and managerial finance. In addition to these core topics, upper-level courses may explore alternative investments, such as derivatives markets or options trading.
Graduate degree programs typically take a more advanced approach than undergraduate degrees and often emphasize research projects with hands-on experience in different areas of finance including corporate finance, portfolio management, and mergers and acquisitions. Students interested in pursuing research careers may opt for an MBA with a concentration in finance that includes courses such as venture capital and private equity, financial institutions and markets, corporate strategy, behavioral and experimental economics, econometrics, international economics and trade policy, fixed income securities and derivatives markets, asset pricing theory, and public sector economics. Those looking for finance colleges and finance degrees can choose from many schools in Illinois such as Loyola University Chicago, DePaul University, Southern Illinois University, Northwestern University, Illinois Wesleyan University, Lake Forest College, the University of Illinois, and other options that are part of the Illinois State University System. If you are looking for finance programs in Illinois, make sure you consider the majors available as well, such as financial management.
Compare Popular Online Finance Programs
Top Ranked Campus & Online Finance Programs in Illinois
University of Illinois Urbana-Champaign
Score: 88.02
- Undergraduate Tuition
- In-State: $16,004
- Out-of-State:$34,501
- Net Price: $14,544
- Acceptance Rate: 45%
- Retention Rate: 93%
- Graduation Rate: 85%
- Total Enrollment: 56,916
- Undergrad Students: 35,120
- Graduate Students: 21,796
- Grads Salary: $84,000
- Student-to-faculty: 21:1
University of Chicago
Score: 82.56
- Undergraduate Tuition
- In-State: $66,939
- Out-of-State:$66,939
- Net Price: $36,991
- Acceptance Rate: 5%
- Retention Rate: 99%
- Graduation Rate: 96%
- Total Enrollment: 18,339
- Undergrad Students: 7,595
- Graduate Students: 10,744
- Grads Salary: $82,000
- Student-to-faculty: 5:1
University of St. Francis
Score: 80.65
- Undergraduate Tuition
- In-State: $37,000
- Out-of-State:$37,000
- Net Price: $18,560
- Acceptance Rate: 58%
- Retention Rate: 71%
- Graduation Rate: 65%
- Total Enrollment: 3,297
- Undergrad Students: 1,414
- Graduate Students: 1,883
- Grads Salary: $88,000
- Student-to-faculty: 13:1
University of Illinois Chicago
Score: 79.64
- Undergraduate Tuition
- In-State: $14,338
- Out-of-State:$29,360
- Net Price: $10,384
- Acceptance Rate: 79%
- Retention Rate: 78%
- Graduation Rate: 62%
- Total Enrollment: 33,747
- Undergrad Students: 21,807
- Graduate Students: 11,940
- Grads Salary: $80,000
- Student-to-faculty: 18:1
Millikin University
Score: 78.17
- Undergraduate Tuition
- In-State: $43,670
- Out-of-State:$43,670
- Net Price: $10,492
- Acceptance Rate: 75%
- Retention Rate: 70%
- Graduation Rate: 58%
- Total Enrollment: 1,807
- Undergrad Students: 1,708
- Graduate Students: 99
- Grads Salary: $78,000
- Student-to-faculty: 10:1
Bradley University
Score: 76.39
- Undergraduate Tuition
- In-State: $39,680
- Out-of-State:$39,680
- Net Price: $24,053
- Acceptance Rate: 75%
- Retention Rate: 83%
- Graduation Rate: 76%
- Total Enrollment: 5,552
- Undergrad Students: 4,143
- Graduate Students: 1,409
- Grads Salary: $78,000
- Student-to-faculty: 12:1
Saint Xavier University
Score: 75.79
- Undergraduate Tuition
- In-State: $36,840
- Out-of-State:$36,840
- Net Price: $11,302
- Acceptance Rate: 84%
- Retention Rate: 71%
- Graduation Rate: 53%
- Total Enrollment: 3,523
- Undergrad Students: 2,981
- Graduate Students: 542
- Grads Salary: $79,000
- Student-to-faculty: 15:1
Lewis University
Score: 75.45
- Undergraduate Tuition
- In-State: $37,882
- Out-of-State:$37,882
- Net Price: $19,184
- Acceptance Rate: 74%
- Retention Rate: 81%
- Graduation Rate: 62%
- Total Enrollment: 6,513
- Undergrad Students: 3,933
- Graduate Students: 2,580
- Grads Salary: $79,000
- Student-to-faculty: 14:1
Augustana College
Score: 75.43
- Undergraduate Tuition
- In-State: $49,834
- Out-of-State:$49,834
- Net Price: $24,660
- Acceptance Rate: 61%
- Retention Rate: 81%
- Graduation Rate: 78%
- Total Enrollment: 2,349
- Undergrad Students: 2,318
- Graduate Students: 31
- Grads Salary: $74,000
- Student-to-faculty: 11:1
Illinois Wesleyan University
Score: 75.15
- Undergraduate Tuition
- In-State: $55,704
- Out-of-State:$55,704
- Net Price: $30,096
- Acceptance Rate: 42%
- Retention Rate: 82%
- Graduation Rate: 79%
- Total Enrollment: 1,527
- Undergrad Students: 1,527
- Graduate Students: N/A
- Grads Salary: $77,000
- Student-to-faculty: 11:1
University of Illinois Springfield
Score: 74.77
- Undergraduate Tuition
- In-State: $12,252
- Out-of-State:$22,017
- Net Price: $11,733
- Acceptance Rate: 82%
- Retention Rate: 76%
- Graduation Rate: 53%
- Total Enrollment: 4,198
- Undergrad Students: 2,393
- Graduate Students: 1,805
- Grads Salary: $75,000
- Student-to-faculty: 12:1
Northern Illinois University
Score: 74.13
- Undergraduate Tuition
- In-State: $12,700
- Out-of-State:$12,700
- Net Price: $13,884
- Acceptance Rate: 71%
- Retention Rate: 65%
- Graduation Rate: 53%
- Total Enrollment: 15,649
- Undergrad Students: 11,429
- Graduate Students: 4,220
- Grads Salary: $78,000
- Student-to-faculty: 14:1
Trinity Christian College
Score: 73.26
- Undergraduate Tuition
- In-State: $20,325
- Out-of-State:$20,325
- Net Price: $18,822
- Acceptance Rate: 71%
- Retention Rate: 77%
- Graduation Rate: 69%
- Total Enrollment: 908
- Undergrad Students: 854
- Graduate Students: 54
- Grads Salary: $69,000
- Student-to-faculty: 10:1
Lake Forest College
Score: 73.08
- Undergraduate Tuition
- In-State: $54,202
- Out-of-State:$54,202
- Net Price: $27,839
- Acceptance Rate: 60%
- Retention Rate: 85%
- Graduation Rate: 78%
- Total Enrollment: 1,753
- Undergrad Students: 1,727
- Graduate Students: 26
- Grads Salary: $72,000
- Student-to-faculty: 12:1
Western Illinois University
Score: 72.36
- Undergraduate Tuition
- In-State: $14,952
- Out-of-State:$14,952
- Net Price: $11,213
- Acceptance Rate: 75%
- Retention Rate: 67%
- Graduation Rate: 47%
- Total Enrollment: 7,643
- Undergrad Students: 5,309
- Graduate Students: 2,334
- Grads Salary: $74,000
- Student-to-faculty: 13:1
Eastern Illinois University
Score: 71.46
- Undergraduate Tuition
- In-State: $13,403
- Out-of-State:$15,879
- Net Price: $13,380
- Acceptance Rate: 68%
- Retention Rate: 71%
- Graduation Rate: 55%
- Total Enrollment: 8,857
- Undergrad Students: 6,916
- Graduate Students: 1,941
- Grads Salary: $69,000
- Student-to-faculty: 15:1
Southern Illinois University-Carbondale
Score: 71.25
- Undergraduate Tuition
- In-State: $13,244
- Out-of-State:$13,244
- Net Price: $16,990
- Acceptance Rate: 91%
- Retention Rate: 70%
- Graduation Rate: 49%
- Total Enrollment: 11,107
- Undergrad Students: 8,000
- Graduate Students: 3,107
- Grads Salary: $78,000
- Student-to-faculty: 11:1
Quincy University
Score: 71.18
- Undergraduate Tuition
- In-State: $35,740
- Out-of-State:$35,740
- Net Price: $11,985
- Acceptance Rate: 62%
- Retention Rate: 69%
- Graduation Rate: 50%
- Total Enrollment: 1,307
- Undergrad Students: 1,147
- Graduate Students: 160
- Grads Salary: $69,000
- Student-to-faculty: 14:1
North Central College
Score: 71.09
- Undergraduate Tuition
- In-State: $44,394
- Out-of-State:$44,394
- Net Price: $25,285
- Acceptance Rate: 61%
- Retention Rate: 77%
- Graduation Rate: 63%
- Total Enrollment: 2,695
- Undergrad Students: 2,368
- Graduate Students: 327
- Grads Salary: $75,000
- Student-to-faculty: 12:1
Illinois State University
Score: 70.92
- Undergraduate Tuition
- In-State: $16,021
- Out-of-State:$28,086
- Net Price: $20,551
- Acceptance Rate: 86%
- Retention Rate: 80%
- Graduation Rate: 67%
- Total Enrollment: 20,683
- Undergrad Students: 18,055
- Graduate Students: 2,628
- Grads Salary: $71,000
- Student-to-faculty: 19:1
Illinois College
Score: 70.85
- Undergraduate Tuition
- In-State: $37,470
- Out-of-State:$37,470
- Net Price: $16,296
- Acceptance Rate: 77%
- Retention Rate: 73%
- Graduation Rate: 67%
- Total Enrollment: 1,029
- Undergrad Students: 1,028
- Graduate Students: 1
- Grads Salary: $64,000
- Student-to-faculty: 12:1
DePaul University
Score: 70.65
- Undergraduate Tuition
- In-State: $44,460
- Out-of-State:$44,460
- Net Price: $32,151
- Acceptance Rate: 70%
- Retention Rate: 84%
- Graduation Rate: 69%
- Total Enrollment: 20,917
- Undergrad Students: 14,134
- Graduate Students: 6,783
- Grads Salary: $80,000
- Student-to-faculty: 17:1
Elmhurst University
Score: 70.46
- Undergraduate Tuition
- In-State: $41,628
- Out-of-State:$41,628
- Net Price: $24,108
- Acceptance Rate: 76%
- Retention Rate: 80%
- Graduation Rate: 64%
- Total Enrollment: 3,731
- Undergrad Students: 3,027
- Graduate Students: 704
- Grads Salary: $73,000
- Student-to-faculty: 13:1
Dominican University
Score: 69.67
- Undergraduate Tuition
- In-State: $37,844
- Out-of-State:$37,844
- Net Price: $18,162
- Acceptance Rate: 90%
- Retention Rate: 75%
- Graduation Rate: 59%
- Total Enrollment: 3,196
- Undergrad Students: 2,136
- Graduate Students: 1,060
- Grads Salary: $69,000
- Student-to-faculty: 11:1
Aurora University
Score: 66.68
- Undergraduate Tuition
- In-State: $28,220
- Out-of-State:$28,220
- Net Price: $19,350
- Acceptance Rate: 82%
- Retention Rate: 73%
- Graduation Rate: 60%
- Total Enrollment: 5,918
- Undergrad Students: 4,048
- Graduate Students: 1,870
- Grads Salary: $65,000
- Student-to-faculty: 18:1
Online Finance Education in Illinois
A finance professional is someone who specializes in helping organizations and individuals make decisions related to money management, investments, budgeting, and other financial matters. Finance professionals must have a thorough understanding of business fundamentals, as well as the ability to analyze financial data and interpret it into meaningful information that can be used strategically. They may work in various roles such as accountants, auditors, financial advisors, or bankers.
Finance professionals are vital for both private businesses and public-sector organizations. They analyze economic trends and forecasts to help executives develop long-term strategies for success. They also monitor the organization’s progress against those plans and suggest corrective measures when needed. Additionally, finance professionals use their expertise to advise on complicated transactions involving mergers and acquisitions or corporate restructuring projects.
Most finance positions require at least a bachelor’s degree in accounting or finance from an accredited college or university program; some employers may prefer candidates with master's degrees in accounting or business administration with an emphasis on finance topics. Many schools offer undergraduate programs focused solely on finance such as Bachelor of Science (BS) degrees in Business Administration with concentrations in Financial Services Management or Accounting & Financial Analysis; these programs provide students with the necessary skills for entry-level positions within the field of finance.
Online Associate Degree in Finance (AS)
An associate degree in finance is a two-year program offered by many colleges and universities. It provides an introduction to the world of finance, giving students an understanding of the basics such as business organization and management, accounting principles, and financial analysis. Additional courses may cover topics like economics, statistics, credit risk management, investments, and portfolio management. After completing their degree program, graduates have a foundation for further education or entry into the financial field in roles such as budget analyst or bank teller.
The curriculum for an associate degree in finance is designed to give students ample knowledge of key financial concepts. Typically, coursework includes topics like corporate finance and investments, as well as budgeting and forecasting models. In addition to traditional classroom instruction, there may be lab experiences where students get hands-on practice with financial software applications. Many programs also offer internship opportunities that allow students to gain real-world experience in their chosen area of finance while earning college credits at the same time.
Online Bachelors Degree in Finance (BS or B.Fin)
A bachelor's degree in finance can open the door to a variety of career opportunities. Students will become knowledgeable in the areas of financial analysis, financial management, investment strategies, and international finance. They will learn how to evaluate investments and develop the skills necessary to reach their financial objectives. Courses may include corporate finance, banking and securities analysis, derivatives markets, investment management, taxation laws and regulations, private equity analysis, and portfolio theory, among others. Graduates are prepared for roles such as credit analyst or financial advisor, as well as entry-level positions in the banking industry or other business environments.
In addition to core courses related to finance, students may be required to take classes focusing on economics, accounting principles, and various mathematics. They will also learn about risk management techniques that aid in the decision making process for investments. As part of their degree program, students may gain hands-on experience through internships with employers in the fields of personal finance planning or stockbroking. A bachelor’s degree in finance is an excellent starting point for those looking to pursue a career in this field or further study at graduate level.
Online Masters Degree in Finance (MS or M.Fin.)
A masters in finance (MFin) is a specialized degree that provides students with the knowledge and skills to navigate complex economic systems. This type of degree program can be beneficial to those seeking an advanced career in finance such as accounting, banking, investments, or financial planning. It can also help those looking to move into higher-level management positions within their companies. The curriculum of a master's in finance degree typically consists of courses covering topics like corporate finance, financial markets and instruments, risk management and insurance, international finance, and taxation. Students may also learn about accounting principles, practices, and quantitative methods in economics. In some cases, the program may offer more specialized classes on topics such as derivatives or real estate investing. Additionally, depending on the school they attend students may have an opportunity to gain internship experience while earning their degree.
Upon graduation from a master's in finance program, students are often well prepared for careers across different sectors including government agencies, private corporations, and non-profit organizations. They have an understanding of the global economy, as well as important business strategies used by organizations around the world.
Online PhD Degree in Finance (PhD)
A PhD in finance can prepare students for a variety of careers and advancements in the financial sector. This degree provides an opportunity to develop highly specialized research skills, as well as knowledge of theoretical and practical concepts related to finance. During their program, students will learn advanced techniques to analyze financial documents such as balance sheets, income statements, and cash flow statements; they will also become familiar with sophisticated models used to forecast economic outcomes.
Additionally, graduates will develop proficiency in areas such as corporate governance and risk management that are vital components of any successful financial organization. Furthermore, the curriculum often includes courses on international finance, which helps equip professionals with the ability to work across borders in a global economy. Finally, many programs include additional coursework on topics such as behavioral finance and entrepreneurship which can help deepen a student's understanding of complex financial problems.
Online Finance Certifications
Finance certifications provide professionals with the knowledge and expertise necessary to succeed in the competitive financial services industry. These credentials come from a variety of organizations including universities, professional associations, and corporations. Finance certifications are generally offered at different levels depending on the individual’s level of experience and education. For instance, individuals can earn entry-level certificates such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). Those looking for more senior-level credentials may pursue additional designations such as Certified Investment Management Analyst (CIMA) or Certified Retirement Services Professional (CRSP).
Each certification requires passing an exam and maintaining continuing education requirements in order to demonstrate currency in the ever-evolving financial landscape. In addition to providing recognition within the industry, many employers recognize finance certifications when evaluating candidates for positions requiring specialized knowledge in this field. As such, having a finance certification serves as an important credential for those interested in working within finance professions.
Become a Financial Analyst in Illinois
A career in finance might be the perfect fit for you. However, while there are many entry-level positions available, becoming an experienced professional requires dedication, experience, and knowledge. Here is a step-by-step guide on how to become a successful financial analyst.
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Step 1: Earn an Undergraduate Degree
Most finance jobs require basic training at least at the undergraduate level. An undergraduate degree in accounting, economics, business administration, finance, or another related field will provide you with the right foundation for pursuing this career path. You don't need to pursue advanced Degrees to enter the industry but, if you plan to go further, such as in investment banking or portfolio management, then it’s wise to get additional qualifications like the CFA (Chartered Financial Analyst).
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Step 2: Gain Experience through Internships
Internships are essential when trying to get into any finance industry. Not only do they offer firsthand experience but they can also help build valuable connections and give credible references upon entering a full-time position. Internships can range from general accounting internships at small firms or consulting internships at larger firms. Networking is key in getting into reputable organizations, so seek out networking opportunities whenever possible throughout your college years as well as during job searches post-graduation.
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Step 3: Choose Your Specialty
Depending on your educational background and current skill set, some sub disciplines of finance may be more appropriate for you than others based on the needs of employers and possibly your own strengths and interests. If you bring expertise in accounting then choosing fields like public accounting or corporate finance makes sense because those roles focus on financial reporting, analysis, auditing etc. However, if you have more analytical and modeling skills, you might want to consider careers in investment banking or quantitative finance as these offer vast opportunities for growth within an organization, especially when dealing with complex financial affairs.
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Step 4: Expand Your Knowledge Base & Develop Marketable Skills
Continuously expanding your knowledge through reading reports and staying abreast with current trends is essential when pursuing a career in finance because markets change quickly enough that outdated information can affect the outcomes of decisions made, which costs money in terms of profit/losses, etc. Having industry certifications like CFA (Chartered Financial Analyst) really demonstrates technical levels of competence when applying for positions within investment banking, which adds credibility towards building trust with clients who hire professionals to look after their investments. Many employers today also value transferable skills that may not necessarily be acquired through formal education such as complex problem solving, effective communication (both verbal & written), and leadership qualities that open up even more doors when looking for roles that involve working alongside internal teams as well external vendors/partnerships.
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What Can I Do with a Bachelor's in Finance?
A bachelor's degree in finance can be used to pursue a variety of career paths. For example, graduates may find opportunities in banking, investments and financial consulting, insurance, or real estate. Additionally, those with a bachelor's degree in finance can work as personal financial advisors or become certified public accountants (CPAs). Graduates may also choose to work in corporate finance, helping businesses and organizations to manage their capital and investment decisions. Many employers prefer professional experience along with the formal education gained from studying finance.
Those with a degree in finance can also use this educational foundation to further their studies by earning an MBA degree or other advanced degrees such as a master’s in economics or financial engineering; this will open up even more career opportunities within the field of finance. Depending on their area of specialization, they could work as actuaries, risk managers, compliance officers, or financial analysts, among many other roles. Many of these positions require additional certifications, such as Chartered Financial Analyst (CFA) certification, which can make them more competitive for certain roles within the finance sector and add value to their resume when applying for jobs.