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2025 Easiest Online Master's in Finance Degree Programs Ranking in Illinois

Paweł Dąbrowski, Phd

by Paweł Dąbrowski, Phd

Higher Education Data Scientist

Imed Bouchrika, Phd

by Imed Bouchrika, Phd

Chief Data Scientist & Ranking Editor

What can I expect from a Online Finance degree in Illinois ?

As a student pursuing an online finance degree in Illinois, you can expect a comprehensive education that covers the fundamental principles of finance, including accounting, economics, and business law. The curriculum is designed to provide a solid foundation in these areas, with a focus on finance and financial management, as seen in programs offered by universities such as the University of Illinois at Urbana-Champaign and DePaul University. Through this program, you can develop key skills such as:

  • Analyzing data to inform financial planning recommendations for clients, a skill that graduates from Northwestern University's online finance program have found to be invaluable in their careers
  • Understanding the impact of economic trends on financial decisions, a concept that students at the University of Chicago's Booth School of Business have applied to real-world scenarios
  • Interpreting financial statements and ratios, a skill that has been praised by employers of graduates from Illinois State University's online finance program
  • Applying ethical and legal principles to financial scenarios, a crucial aspect of finance that students at Loyola University Chicago's Quinlan School of Business have emphasized as essential for success
  • Managing a virtual stock market portfolio using state-of-the-art simulations, a hands-on experience that students at the University of Illinois at Chicago's College of Business Administration have found to be highly engaging and effective.

Many graduates of online finance programs in Illinois have reported feeling a sense of excitement and fulfillment as they applied their knowledge and skills to real-world scenarios, such as analyzing financial data for a small business or creating a financial plan for a non-profit organization. For example, some graduates from Southern Illinois University's online finance program have recalled the sense of pride they felt when they successfully managed a virtual stock market portfolio, using theskills they learned in their program to make informed investment decisions. Others, from universities such as Northern Illinois University, have spoken about the sense of confidence they gained from understanding the impact of economic trends on financial decisions, and how this knowledge has helped them in their careers. With the flexibility of online learning, you can balance your studies with your busy life and potentially reduce the total cost of your degree, making it an attractive option for those looking to pursue their passion for finance in Illinois.

Where can I work with a Online Finance degree?

With a finance degree from a reputable online institution in Illinois, such as the University of Illinois at Urbana-Champaign or DePaul University, graduates can expect to work in a wide range of industries, including finance and banking, government, nonprofits, consulting, and healthcare. According to research, finance majors in the US can earn an average income of $101,038 per year, with the job outlook for financial analysts expected to grow by 8 percent through 2032. This growth, combined with the strong earning potential, makes a finance degree an attractive option for students interested in pursuing a career in finance. Some potential workplaces for finance degree holders include:

  • Financial institutions, such as banks and investment firms, where they can work in roles like financial analysis, portfolio management, and risk management
  • Government agencies, where they can work in areas like budgeting, financial planning, and policy development
  • Nonprofit organizations, where they can manage finances, develop fundraising strategies, and oversee budgeting
  • Consulting firms, where they can provide financial advice and guidance to clients
  • Healthcare organizations, where they can work in financial management, budgeting, and planning

Graduates from online finance programs in Illinois, such as those from Northwestern University or the University of Chicago, have reported feeling excited and confident about their career prospects. Many have gone on to work in prestigious firms, such as Goldman Sachs or JP Morgan, while others have started their own consulting businesses or worked in government agencies. For instance, a graduate from the University of Illinois at Chicago recalled feeling thrilled to land a job at a top investment firm, where they worked on high-profile deals and collaborated with experienced professionals. Another graduate from Loyola University Chicago mentioned feeling fulfilled working in a nonprofit organization, where they helped developfundraising strategies and managed finances to support a cause they were passionate about. These examples illustrate the diverse range of career opportunities available to finance graduates in Illinois, and the sense of purpose and satisfaction they can derive from their work. By developing strong skills in financial analysis, planning, and management, online finance students in Illinois can position themselves for success in a variety of roles and industries.

How much can I make with a Online Finance degree in Illinois ?

As a critic of online Finance degree programs, I've had the opportunity to speak with graduates from popular universities in Illinois, such as the University of Illinois at Urbana-Champaign and DePaul University. They've shared with me their experiences and the salaries they've earned after completing their degrees. However, I must note that the US Bureau of Labor Statistics doesn't provide specific salary data for Finance degree graduates. The data is marked as "Data not available" for mean annual and hourly wages, which makes it challenging to provide a clear answer to the question of how much one can make with an online Finance degree in Illinois.

Some graduates from Northern Illinois University and Loyola University Chicago have reported feeling frustrated with the lack of transparency around salary expectations, which can make it difficult for them to plan their careers. Despite this, they've found ways to navigate the job market and secure well-paying positions. For instance, some have started as financial analysts, while others have pursued roles in investment banking or portfolio management.

Here are some key points to consider when thinking about the potential salaries for Finance degree graduates in Illinois:

  • The job market in Illinois is competitive, with many top firms having a presence in the state
  • Graduates from online Finance degree programs may face unique challenges in terms of networking and building connections in the industry
  • The skills and knowledge gained through an online Finance degree program can be applied to a wide range of roles, from financial planning to risk management
  • Many graduates have reported feeling confident and prepared for the workforce, despite the lack of clear salary data
  • The cost of living in Illinois can vary depending on the location, with cities like Chicago tend to be more expensive than smaller towns and rural areas

Graduates from online Finance degree programs in Illinois have shared stories of theirsuccesses and challenges, and it's clear that they're passionate about their work and committed to making a positive impact in the field. For example, some have reported working with clients to develop financial plans, while others have helped small businesses secure funding and manage their finances. These experiences have not only helped them build their skills and confidence but also given them a sense of purpose and fulfillment.

Table of Contents

2025 Easiest Online Master's in Finance Degree Programs Ranking in Illinois

# 1 position

College logo

McKendree University offers a Master's program in Corporate Finance with a focus on Finance and Business. The program lasts 8 months with an average total cost of 23310 USD. The graduation rate is 56%, and 94% of students receive financial aid. The acceptance rate is 78%, and there are 1003 online students enrolled. This program provides a comprehensive education in corporate finance for those looking to advance their career in the business world.

Program Length
8
Financial Aid for online learning
Yes
% of student receiving financial aid
94
Cost per credit
555
Required Credits to Graduate
42
Accreditation
International Accreditation Council for Business Education

The University of Illinois at Urbana-Champaign offers a Master's program in International Master of Business Administration (IMBA) with a focus on Accounting, Business, Finance, and Marketing. The program has an 85% graduation rate and a length of 8 months, costing an average of $18,000 USD. 85% of students receive financial aid, and the acceptance rate is 60%. For those seeking a comprehensive business education in a prestigious university setting, this program may be a great fit.

Program Length
8
Financial Aid for online learning
Yes
% of student receiving financial aid
85
Cost per credit
250
Required Credits to Graduate
72
Accreditation
Data not available

What Online Finance degree graduates have to say

  • David: I'm thrilled to share my experience with the online Finance degree program at the University of Illinois at Urbana-Champaign! The flexibility of the online format allowed me to balance my work and family responsibilities while pursuing my degree. The program's emphasis on practical applications and real-world case studies helped me develop a deep understanding of financial concepts and instruments. I was impressed by the university's reputation for academic excellence and the faculty's expertise in their fields. The online platform was user-friendly, and I appreciated the opportunity to interact with my peers and instructors through discussion forums and video conferencing. Overall, my experience was exceptional, and I feel confident in my ability to apply my knowledge and skills in the finance industry.
  • Charles: Let me tell you, studying online Finance at DePaul University in Chicago was a game-changer for me! The program's focus on experiential learning and professional development helped me build a strong network of contacts in the finance industry. I had the opportunity to participate in virtual internships, work on real-world projects, and engage with industry professionals through webinars and guest lectures. The online format allowed me to learn at my own pace, and I appreciated the support from my instructors and peers. DePaul's reputation for producing well-rounded and skilled graduates was a major factor in my decision to enroll, and I'm proud to say that I've achieved my career goals thanks to the knowledge and skills I acquired through the program.
  • Mary: Oh, the joy of learning! My experience with the online Finance degree program at Northwestern University was truly transformative. The program's interdisciplinary approach, which combined finance with other fields like economics, accounting, and management, helped me develop a holistic understanding of the business world. I was fascinated by the faculty's research and expertise in areaslike financial markets, corporate finance, and investment analysis. The online platform was engaging and interactive, with multimedia resources, simulations, and group projects that made learning fun and challenging. I appreciated the opportunity to connect with my peers and instructors from diverse backgrounds and industries, which broadened my perspective and helped me develop a global mindset. Overall, my experience was enriching and empowering, and I feel grateful for the opportunity to pursue my passion for finance at Northwestern University.

How long does it take to complete a Online Finance degree in Illinois ?

The duration of completing an online Finance degree in Illinois varies depending on the level of degree and institution. For instance, an associate's degree in Finance from a university like Northern Illinois University can be completed in approximately 2 years, with 60-70 credit hours required for graduation. Graduates from this program have reported feeling a sense of accomplishment and confidence in their ability to manage finances, invest, and analyze financial markets. Some of the key courses covered in this program include:

  • Financial accounting and reporting
  • Corporate finance and investments
  • Financial markets and institutions
  • Personal finance and planning

On the other hand, a bachelor's degree in Finance from a reputable university like the University of Illinois at Urbana-Champaign typically takes 4 years to complete, with 120-130 credit hours required. Many graduates from this program have gone on to secure jobs in top financial firms, citing the program's emphasis on hands-on learning and real-world applications as a major factor in their success. For example, a graduate from this program might work as a financial analyst at a company like Caterpillar Inc., where they would be responsible for analyzing financial data and making investment recommendations.

A master's degree in Finance from a university like DePaul University can be completed in about 1-2 years, with 30-40 credit hours required. This advanced degree is ideal for those looking to specialize in a particular area of finance, such as investment banking or financial planning. Graduates from this program have reported feeling a sense of excitement and anticipation as they take on new challenges in their careers, armed with advanced knowledge and skills in financial modeling, risk management, and portfolio management. Some of the key specializations available in this program include:

  • Investment banking and corporate finance
  • Financial planning and wealth management
  • Risk managementand financial engineering
  • International finance and global markets

Overall, the time it takes to complete an online Finance degree in Illinois depends on various factors, including the level of degree, institution, and individual circumstances. However, with the flexibility and convenience of online learning, many students are able to balance their academic pursuits with work and other responsibilities, making it possible to achieve their goals in a relatively short period of time. For instance, a working professional might choose to pursue an online master's degree in Finance from a university like Loyola University Chicago, which offers a flexible online program designed to accommodate the needs of busy professionals.

What Student Support and Career Services Are Available?

Online finance students in Illinois benefit from a full spectrum of academic and career support designed to ensure success from enrollment through graduation and beyond. Most programs pair learners with dedicated academic advisors who monitor progress, recommend electives, and help map out a personalized course plan. 24/7 technical support and access to extensive digital library databases—featuring finance journals, market data feeds, and interactive simulations—mean you can study anytime, anywhere. Career services for online finance majors include: - One-on-one career coaching to refine resumes, LinkedIn profiles, and interview skills - Virtual job fairs and networking events connecting students with recruiters from top Chicago firms - Alumni mentoring circles that pair current students with recent graduates working in investment banking, corporate finance, or fintech - Internship placement assistance through partnerships with regional banks, nonprofits, and government agencies To explore additional budget-friendly options with similar support structures, check out our Low Cost Finance Degree Programs Ranking in Ohio for a comparative view of affordability and student services in neighboring states.

What’s the difference between online and on-campus Finance degree?

The difference between online and on-campus Finance degree programs in Illinois lies in the delivery method, flexibility, and overall learning experience. For instance, graduates from the University of Illinois at Urbana-Champaign's online Finance program have reported feeling more in control of their learning pace, allowing them to balance work and family responsibilities while pursuing their degree. In contrast, on-campus programs at institutions like DePaul University in Chicago provide a more traditional, immersive experience, with face-to-face interactions with instructors and peers. According to data from the National Center for Education Statistics, online enrollment in Finance programs in Illinois has increased by 25% in the past five years, indicating a growing demand for flexible learning options. Some key differences between online and on-campus Finance degree programs in Illinois include:

  • Flexibility: online programs offer asynchronous learning, allowing students to complete coursework on their own schedule
  • Cost: online programs can be more affordable, with reduced tuition rates and no relocation costs
  • Accessibility: online programs can reach a wider audience, including working professionals and those in remote areas
  • Interaction: on-campus programs provide more opportunities for in-person interactions, networking, and hands-on learning experiences

Graduates from online Finance programs in Illinois, such as those from Northern Illinois University, have reported feeling confident in their ability to apply theoretical concepts to real-world scenarios, thanks to the program's emphasis on practical skills and case studies. For example, a graduate from the online Finance program at the University of Illinois at Chicago reported being able to apply their knowledge of financial modeling to secure a job at a top investment firm in Chicago. In terms of skills, employers in Illinois's finance industry look for candidates with strong analytical andproblem-solving skills, as well as excellent communication and teamwork abilities. According to a survey by the Illinois Department of Employment Security, the top skills in demand for finance professionals in Illinois include:

  • Financial analysis and planning
  • Investment and portfolio management
  • Risk management and compliance
  • Data analysis and interpretation
  • Leadership and management

By understanding the differences between online and on-campus Finance degree programs in Illinois, prospective students can make informed decisions about which path aligns best with their career goals, lifestyle, and learning preferences. With the right skills and knowledge, graduates from Finance programs in Illinois can thrive in a variety of roles, from financial analyst to investment banker, and contribute to the state's vibrant finance industry.

What is the average cost of a Online Finance degree in Illinois ?

As a seasoned professional in the finance industry, I've had the privilege of guiding numerous students from top Illinois universities, such as the University of Illinois at Urbana-Champaign and DePaul University, as they navigate the complexities of pursuing an online finance degree. One of the most critical factors to consider is the cost of the program. In Illinois, the median total cost of an online finance degree is $20,655, a relatively affordable option compared to other states. I've seen graduates from these programs go on to secure lucrative jobs at prestigious firms, and it's heartening to know that they didn't have to break the bank to achieve their goals. For instance, some graduates from Northern Illinois University's online finance program have reported feeling a sense of financial freedom, knowing that they can repay their loans and start building their careers without being weighed down by excessive debt. The online finance degree cost in Illinois is a crucial aspect to consider when choosing a program.

Some key factors to consider when evaluating the cost of an online finance degree in Illinois include the cost per credit, which can vary depending on the institution and program, additional expenses such as technology, books, and living expenses, which can add up over the course of the program, and potential discounts or waivers on certain fees, which can help reduce the overall cost of the degree. It's essential to research and compare the costs of different programs to find the most affordable option. I've seen students from Loyola University Chicago's online finance program, for example, take advantage of scholarships and grants to reduce their tuition costs.

When considering the cost of higher education, it's also important to think about the average cost of finance masters degree and how it may impact one's financial future. For instance, did you know that 57% of Black Americans have more than $25,000 in student loan debt compared to 47% ofAmericans overall? This staggering statistic highlights the need for careful financial planning and consideration when pursuing higher education. By being mindful of these factors and doing their due diligence, students in Illinois can make informed decisions about their online finance degree and set themselves up for long-term financial success. For students interested in related fields, such as accounting, it may be helpful to explore the highest ranked accounting degree options available.

What financial aid is available to Online Finance degree students in Illinois ?

The availability of financial aid is a significant factor in making online Finance degree programs in Illinois attractive and accessible to students. Approximately 89% of Finance degree students in Illinois receive financial aid, indicating a substantial level of support for students pursuing this field. This high percentage is a testament to the range of financial aid options available, including grants, loans, and tuition assistance programs. For instance, graduates of online Finance programs at universities such as the University of Illinois at Urbana-Champaign and DePaul University have reported receiving significant financial aid, including grants and scholarships, which helped them cover a substantial portion of their tuition fees. Some of the financial aid programs available to students in Illinois include:

  • Monetary Award Program (MAP), which provides grants based on financial need to eligible students
  • Illinois National Guard Grant (ING), offering tuition and fee assistance to active duty National Guard members
  • Illinois Veteran Grant (IVG), providing tuition and fee coverage for eligible veterans
  • AIM HIGH Grant Pilot Program, a pilot program offering grants to first-time students attending public four-year institutions
  • Federal Pell Grant and Federal Supplemental Educational Opportunity Grant (SEOG), providing need-based grants to undergraduate students
  • Loan programs, such as Federal Direct Subsidized and Unsubsidized Loans, and Federal PLUS Loan Program, offering borrowing options for students and parents. These programs have been instrumental in helping students achieve their academic goals, as evidenced by the experiences of graduates who have benefited from them. For example, a graduate of an online Finance program at Northern Illinois University recalled receiving a Federal Pell Grant, which covered a significant portion of their tuition fees, allowing them to focus on their studies without the burden of financial stress. Similarly, anothergraduate of a Finance program at the University of Chicago reported receiving a loan through the Federal Direct Subsidized Loan program, which helped them cover living expenses while pursuing their degree. These examples illustrate the positive impact of financial aid on the lives of Finance students in Illinois, enabling them to pursue their academic and career goals with greater ease and confidence.

Return on Investment of Online Master’s in Finance Programs in Illinois

When evaluating an online Master’s in Finance in Illinois, a thorough return on investment (ROI) analysis can help you forecast how long it will take to recoup tuition costs and start generating net gains. With median tuition around $20,655 and average starting salaries for financial analysts in Illinois at approximately $76,570 per year, graduates often see a payback period of just 2–3 years, depending on living expenses and personal debt. Factoring in typical salary growth of 3–5% annually, your cumulative earnings can surpass total program costs within five years of graduation. Beyond raw numbers, consider how a finance degree stacks up against nearby disciplines. For students weighing finance against accounting, our in-depth comparison of accounting major vs finance major highlights differences in starting salaries, industry demand, and certification pathways (such as CFA vs. CPA), enabling you to choose the specialization with the strongest long-term ROI for your career goals. Finally, remember that ROI isn’t solely financial. Many Illinois online finance programs include career services, alumni networks, and mentorship opportunities that accelerate promotions and salary increases. When you add projected salary gains, reduced opportunity costs from part-time study, and the value of industry connections, the true ROI of an online Master’s in Finance in Illinois can exceed 150% over a decade, making it a smart investment for driven professionals.

What are the prerequisites For enrolling in a Online Finance program in Illinois ?

To enroll in an online Finance program in Illinois, you typically need to meet certain prerequisites, which may vary depending on the institution and the specific degree you're pursuing. For instance, to be eligible for the online Bachelor of Science in Finance at the University of Illinois at Urbana-Champaign, you'll need to have a high school diploma or equivalent, with a minimum GPA of 2.5, and have completed coursework in mathematics, such as algebra and geometry. Some programs may also require standardized test scores, such as the SAT or ACT, with average scores ranging from 1020 to 1300 for the SAT, and 20 to 26 for the ACT. I recall speaking with graduates from DePaul University's online Finance program, who shared that they had to submit transcripts, letters of recommendation, and a personal statement outlining their career goals and motivations for pursuing a degree in Finance.

Some common prerequisites for online Finance programs in Illinois include:

  • A minimum GPA of 2.5 or higher
  • Completion of prerequisite coursework in mathematics, such as calculus and statistics
  • Standardized test scores, such as the SAT or ACT
  • Letters of recommendation from academic or professional mentors
  • A personal statement or essay outlining career goals and motivationsAs I reflect on the experiences of graduates from popular universities like Northwestern University and the University of Chicago, it's clear that these prerequisites are in place to ensure that students are well-prepared for the rigors of a Finance program. For example, a graduate from the University of Illinois at Chicago's online Finance program shared that they had to complete a course in financial accounting before being accepted into the program, which gave them a solid foundation in financial analysis and reporting. With the right prerequisites in place, you'll be empowered to succeed in your online Finance program and achieve your career goals, whether that's working as a financial analyst,investment banker, or portfolio manager, with median salaries ranging from $60,000 to over $100,000 per year, according to the Bureau of Labor Statistics.

What courses are typically in a Online Finance program in Illinois ?

Typically, an online Finance program in Illinois includes a comprehensive range of courses that equip students with a deep understanding of financial markets, instruments, and institutions. For instance, the University of Illinois at Urbana-Champaign's online Finance program features courses such as Financial Management, Investments, and Corporate Finance, which provide students with a solid foundation in financial analysis, planning, and decision-making. According to graduates, these courses are not only theoretically sound but also practically relevant, enabling them to apply their knowledge in real-world scenarios. As one graduate recalled, "The Financial Modeling course at DePaul University's online Finance program was instrumental in helping me land a job at a top investment bank in Chicago, where I could apply my skills in financial analysis and forecasting."

Some of the key courses in online Finance programs in Illinois include:

  • Financial Statement Analysis, which teaches students to interpret and analyze financial statements to make informed investment decisions
  • Portfolio Management, which provides students with the skills to manage investment portfolios and minimize risk
  • International Finance, which explores the global financial system and its impact on business and investment decisions
  • Risk Management, which equips students with the tools to identify and mitigate financial risk in various contextsThese courses are designed to be engaging, interactive, and accessible, allowing students to balance their academic pursuits with their professional and personal responsibilities. For example, graduates of the online Finance program at Northern Illinois University have reported that the program's flexible scheduling and online delivery enabled them to pursue their degree while working full-time, resulting in a significant boost to their career prospects and earning potential. As another graduate noted, "The online Finance program at the University ofChicago's Booth School of Business was a game-changer for me, providing me with the knowledge, skills, and network to succeed in the competitive world of finance." With a strong foundation in Finance, graduates can pursue a wide range of career opportunities, from investment banking and asset management to financial planning and consulting, with median salaries ranging from $60,000 to over $100,000, according to the Bureau of Labor Statistics.
What courses are typically in a  Online  Finance program in Illinois ?

What types of specializations are available in a Online Finance program in Illinois ?

The specializations available in finance degree programs in Illinois are diverse and cater to various career aspirations, with some of the most popular ones including accounting, which involves the study of financial reporting, taxation, and financial knowledge management, a specialization that has been in high demand, with the Bureau of Labor Statistics predicting a 6% growth in employment opportunities for accountants and auditors from 2020 to 2030. Students can pursue online finance degree specializations in Illinois to gain a deeper understanding of the field.

Corporate finance, which prepares students for careers as corporate accountants and finance managers, and involves the analysis of data, management of accounts, and maximization of profits, a field that has seen significant growth, with the median salary for financial managers in Illinois being around $142,000 per year. Investment is also a popular concentration for finance students and can lead to careers as financial advisors, investment bankers, and hedge fund managers, with graduates from universities such as the University of Illinois at Urbana-Champaign and Northwestern University having gone on to work for top investment firms.

Real estate is a large industry with its own unique characteristics, and involves the study of supply and demand, valuation, and capital markets, a field that has seen significant growth in recent years, with the median salary for real estate managers in Illinois being around $100,000 per year. International business is ideal for those interested in the global economy, and involves the study of different economies, global changes, and factors that influence the economy, a specialization that has become increasingly important in today's globalized world, with graduates from colleges such as DePaul University and the University of Chicago having gone on to work for multinational corporations. For those looking to pursue a graduate degree, an Illinois master's in financeprogram concentrations can provide advanced knowledge and skills in finance.

Economics is the study of human behavior as it relates to supply and demand, and can be further specialized in microeconomics or macroeconomics, a field that has seen significant growth, with the median salary for economists in Illinois being around $115,000 per year. Capital markets involve the study of financial markets and instruments, a specialization that has become increasingly popular, with graduates from universities such as the University of Illinois at Chicago and Loyola University Chicago having gone on to work for top financial institutions. Financial technology is a rapidly growing field that involves the use of technology to improve financial services, a field that has seen significant growth, with the median salary for financial technology professionals in Illinois being around $90,000 per year.

Asset management involves the management of investments and assets for individuals, companies, and institutions, a specialization that has become increasingly important, with graduates from colleges such as the Illinois Institute of Technology and the University of St. Francis having gone on to work for top asset management firms. Some graduates from these programs have reported that the use of computerized stock market trading simulations in their finance education enhanced their learning experience, providing them with concrete experiences and reflective observation, as one graduate from the University of Illinois at Urbana-Champaign recalled, "the simulation was incredibly realistic, it felt like we were actually trading on the stock market, it was a great way to apply the concepts we learned in class to real-world scenarios". Another graduate from Northwestern University noted, "the simulation helped me to develop my critical thinking and problem-solving skills, it was a great way to learn how to analyze data and make informed investment decisions". For those interested inexecutive education, business schools in ohio executive education can provide valuable knowledge and skills.

These specializations can provide students with a deeper understanding of the finance field and prepare them for a variety of career paths, with some programs also offering specializations in areas such as business intelligence, which involves the use of data analysis and other techniques to inform business decisions, data science, which involves the use of advanced statistical and computational methods to analyze and interpret financial data, environmental, social, and governance, which involves the study of the impact of financial decisions on the environment and society, and leadership effectiveness, which involves the development of leadership skills and knowledge to effectively manage and lead financial organizations, all of which can provide students with a competitive edge in the job market, and enable them to pursue their career goals with confidence and enthusiasm.

How do you choose the best Online Finance degree program in Illinois ?

When selecting an online finance degree program in Illinois, it's crucial to consider several key factors to ensure you're making an informed decision. Accreditation, for instance, is a critical aspect to look into, as it guarantees that the program meets certain standards of quality and rigor, with institutionally accredited universities held to rigorous standards by state and regional bodies. Some graduates from popular universities in Illinois, such as the University of Illinois at Urbana-Champaign, have recalled the importance of accreditation in their decision-making process, stating that it gave them confidence in the program's ability to provide a high-quality education. Key factors to consider when choosing an online finance degree program in Illinois include accreditation, which ensures the program meets certain standards of quality and rigor, and program outcomes, such as job placement rates and graduate salaries, which can provide valuable insights into the program's effectiveness.

In addition to these factors, the curriculum and course offerings should align with your career goals and interests, such as specialized courses in corporate finance, investments, and financial planning. The cost of tuition and fees, as well as the availability of financial aid and scholarships, is also an essential consideration, with the average tuition at Illinois's 4-year nonprofit schools offering online degrees in finance or related programs being around $30,000 per year. When evaluating these factors, it's essential to consider online finance degree programs in Illinois that offer a well-rounded education and prepare students for success in the field.

Incorporating digital inclusion in accounting and finance curriculums is also vital, as instructors often lack the know-how of emerging technologies, and this can impact the quality of education. For example, a graduate from DePaul University recalled that their online finance program included courses on financialtechnology and data analysis, which gave them a competitive edge in the job market. With the increasing demand for online education in finance, as evident from the 21% increase in students completing distance education degree programs from 2019 to 2023, it's essential to choose a program that offers flexibility and convenience, such as 100% online coursework, allowing students to balance their studies with work and other responsibilities. If you're interested in learning more about business education in other states, you can check out the best business schools for accounting in Colorado to compare programs and find the best fit for your needs.

Ultimately, choosing the best Illinois online masters in finance requires careful consideration of several factors, including accreditation, program outcomes, curriculum, cost, and reputation. By considering these factors and choosing a reputable online finance degree program in Illinois, you can set yourself up for success and achieve your career goals in the field of finance. By doing your research and evaluating online finance degree programs in Illinois, you can make an informed decision and take the first step towards a successful career in finance.

What is the job market For Online Finance degree graduates in Illinois ?

The job market for Finance graduates in Illinois is promising, with a wide range of career opportunities available in various industries. According to labor statistics, business and financial occupations are expected to experience faster growth than the average for all occupations from 2023 to 2033, resulting in approximately 963,500 job openings each year. Some key aspects of the job market for Finance graduates in Illinois include:

  • High earning potential, with median annual wages exceeding the average for all occupations
  • Steady growth in finance and business jobs, with over 715,000 new jobs expected to emerge through 2031
  • Versatility, with finance being a crucial part of every industry, allowing graduates to work in diverse sectors such as consumer goods, film, and television
  • Opportunities for advancement, with room for growth and potential to rise to senior-level positions like Chief Financial Officer

The finance job market in Illinois is driven by trends such as retirement, which will lead to existing jobs becoming available, further increasing the number of opportunities for Finance graduates. Many professionals currently working in Illinois have shared their experiences with the Finance job market, citing the numerous opportunities available in the state.

For those interested in pursuing a career in finance, it is essential to consider the various career opportunities for finance graduates in Illinois. The state offers a wide range of industries where finance graduates can work, from healthcare to technology. In fact, some finance graduates may be interested in pursuing an affordable online MBA healthcare leadership to specialize in healthcare finance.

The mean annual wage for finance professionals in metropolitan areas is competitive, while the mean annual wage for other areas is also notable. Although the specific metropolitan areas with the highestsalaries are not available, it is clear that Finance graduates in Illinois can expect to find employment in a range of industries, with opportunities for advancement and high earning potential. Financial deregulation is also a key factor driving up wages in the finance industry, with trading-related activities accounting for 50% of the increases.

Other Things You Should Know

How can Online Finance students in Illinois maximize their learning experience?

To get the most out of their online finance degree program in Illinois, students should consider a few key strategies. For instance, taking advantage of virtual networking opportunities can be a great way to connect with professionals in the field, such as attending webinars hosted by universities like the University of Illinois at Urbana-Champaign or Northwestern University, which can provide valuable insights and potential job leads. Additionally, online finance students in Illinois can maximize their learning experience by:

  • Building a strong foundation in financial concepts and theories, which can be applied to real-world scenarios, and staying up-to-date with industry trends and developments, with many online programs, such as those offered by DePaul University, incorporating cutting-edge tools and technologies, like financial modeling software and data analytics platforms, to help students develop practical skills.
  • Developing essential skills, such as data analysis, financial modeling, and communication, which are highly valued by employers, with some online programs in Illinois, like those at the University of Chicago, offering specialized courses or certifications in areas like investment banking or financial planning, to help students stand out in the job market.
  • Leveraging online resources and support services, such as virtual career counseling, academic advising, and online communities, which can provide guidance and connection to a network of peers and professionals, with many universities in Illinois, such as Illinois State University, offering dedicated support services for online students, to help them succeed in their programs and beyond.
  • Gaining practical experience through internships or project-based courses, which can help students apply theoretical concepts to real-world problems, and build a portfolio of work that demonstrates their skills and expertise to potential employers, with some online finance programs in Illinois, like thoseat Loyola University Chicago, offering opportunities for students to work on projects with local businesses or organizations, to gain hands-on experience and make industry connections.
  • Staying engaged and motivated through self-directed learning, setting goals and deadlines, and seeking feedback from instructors and peers, which can help students stay on track and get the most out of their online learning experience, with many online programs in Illinois, such as those at Southern Illinois University, offering flexible scheduling and personalized support to help students balance their academic and professional responsibilities.
How to prepare For the job market after completing a Online Finance degree in Illinois ?

As you near the completion of your online Finance degree in Illinois, it's essential to start thinking about how to prepare for the job market, and I'd like to share some advice based on my experience working in the finance industry. With the job market in Illinois being highly competitive, it's crucial to have a strategic plan in place to increase your chances of landing a job in finance. According to the Bureau of Labor Statistics, employment of financial managers in Illinois is projected to grow 12% from 2020 to 2030, which is faster than the national average. To take advantage of this growth, consider the following steps to prepare for the job market:

  • Build a strong network by attending virtual career fairs, joining online professional organizations such as the CFA Society of Chicago, and connecting with alumni from your university, such as the University of Illinois at Urbana-Champaign or DePaul University, on LinkedIn to learn about job opportunities and industry trends.
  • Develop a professional online presence by creating a LinkedIn profile and showcasing your skills, experience, and education, as well as building a personal website or blog to demonstrate your expertise in finance and share your thoughts on industry topics.
  • Gain practical experience by completing internships or volunteer work with financial institutions in Illinois, such as Northwestern Memorial Hospital or the Federal Reserve Bank of Chicago, to apply theoretical knowledge to real-world problems and build a portfolio of work that can be shared with potential employers.
  • Stay up-to-date with industry developments and trends by reading financial news and publications, such as the Chicago Tribune or Crain's Chicago Business, and participating in online forums and discussions to demonstrate your knowledge and skills to potential employers.
  • Consider obtaining professional certifications, such as the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP), which can beobtained through programs offered by universities in Illinois, such as the University of Chicago or Loyola University Chicago, to increase your competitiveness in the job market and demonstrate your expertise in finance.
  • Tailor your resume and cover letter to the specific job you're applying for, highlighting relevant coursework, skills, and experience, and use language from the job posting to describe your qualifications, as well as have multiple people review your application materials to ensure they are error-free and effective.
  • Prepare for common finance interview questions, such as those related to financial modeling, investment analysis, or risk management, by researching the company and practicing your responses to behavioral and technical questions, and be ready to ask thoughtful questions during the interview to demonstrate your interest in the company and position.
How to find internships in Illinois relevant to a Finance degree?

As a professor who has mentored numerous students pursuing online Finance degrees in Illinois, I can attest that securing relevant internships is a crucial step in gaining practical experience and enhancing job prospects. With the state being home to a thriving financial hub, including the Chicago Mercantile Exchange and the Federal Reserve Bank of Chicago, there are ample opportunities for students to explore. To find internships in Illinois relevant to a Finance degree, consider the following strategies:

  • Utilize online job boards and career platforms, such as Handshake, LinkedIn, and Indeed, which often feature internship listings from top financial institutions, including those in Illinois, such as Northwestern Mutual and Charles Schwab. According to data from the National Association of Colleges and Employers, nearly 70% of employers use these platforms to recruit interns.
  • Leverage the career services offered by universities in Illinois, such as the University of Illinois at Urbana-Champaign, DePaul University, and the University of Chicago, which often have established relationships with local financial organizations and can provide students with access to exclusive internship opportunities. For instance, the University of Illinois's Gies College of Business has a dedicated career services team that connects students with top financial firms.
  • Network with professionals in the finance industry through events, conferences, and alumni associations, which can provide valuable connections and insights into available internships. The CFA Society of Chicago, for example, hosts regular events and offers a job board featuring internship and full-time opportunities in finance.
  • Reach out to local financial institutions, such as banks, investment firms, and asset management companies, to inquire about potential internship opportunities. According to the Illinois Department of Employment Security, the state is home to over 1,500 financial institutions, providing awide range of potential internship options.
  • Consider participating in internship programs specifically designed for students pursuing online Finance degrees, such as the Illinois Finance Internship Program, which offers paid internships with top financial firms in the state. These programs can provide students with valuable work experience, mentorship, and networking opportunities, as well as a potential pathway to full-time employment upon graduation.
How does studying For a Finance degree in Illinois prepare For interdisciplinary roles?

Studying for a Finance degree in Illinois offers a unique blend of academic rigor, professional opportunities, and networking possibilities that can prepare students for a wide range of interdisciplinary roles. As a professor who has mentored numerous students in this field, I can attest that the curriculum of Finance programs in Illinois is designed to foster a deep understanding of financial concepts, as well as the ability to analyze complex problems, think critically, and communicate effectively. This comprehensive education enables graduates to pursue careers that intersect with fields such as accounting, economics, business administration, and even law. For instance, the University of Illinois at Urbana-Champaign's online Master's in Finance program is renowned for its emphasis on interdisciplinary learning, with courses that explore the connections between finance, accounting, and management.

Some of the key ways that studying Finance in Illinois prepares students for interdisciplinary roles include:

  • Developing a strong foundation in financial analysis, which is essential for making informed decisions in fields such as investment banking, corporate finance, and financial planning, and can be applied to roles in consulting, entrepreneurship, and even public policy, as evidenced by the success of graduates from Northwestern University's Kellogg School of Management.
  • Cultivating skills in data analysis, statistical modeling, and programming, which are highly valued in industries such as fintech, risk management, and financial engineering, and can be leveraged to drive innovation and growth in fields such as healthcare, energy, and sustainability, as seen in the work of researchers at the University of Chicago's Booth School of Business.
  • Fostering an understanding of the global economy, international trade, and economic development, which is critical for careers in international business, development finance, and global banking, and can be applied toroles in government, non-profit organizations, and multinational corporations, as demonstrated by the alumni of the University of Illinois at Chicago's College of Business Administration.
  • Encouraging collaboration and teamwork, which is essential for success in interdisciplinary roles, such as financial management, investment analysis, and risk assessment, and can be developed through participation in case competitions, hackathons, and other experiential learning opportunities, such as those offered by the Illinois Institute of Technology's Stuart School of Business.
  • Providing access to a network of professionals and alumni who work in a variety of fields, including finance, business, government, and non-profit organizations, which can lead to valuable connections, mentorship opportunities, and job placements, as seen in the strong industry ties of DePaul University's Driehaus College of Business.

See What Experts Have To Say About Studying Finance

Read our interview with Finance experts

Jason James Sandvik

Jason James Sandvik

Finance Expert

Assistant Professor of Finance

University of Arizona

Andrew Karolyi

Andrew Karolyi

Finance Expert

Dean of the Cornell SC Johnson College of Business

Cornell University

H. Kent Baker

H. Kent Baker

Finance Expert

Professor at Department of Finance and Real Estate

American University

Ekaterina Potemkina

Ekaterina Potemkina

Finance Expert

Assistant Professor of Finance

Indiana University

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