2026 Most Valuable Online Finance Degree Programs Ranking in Illinois

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

As a student in Illinois considering an online finance degree, you can expect a comprehensive education that covers various aspects of finance, providing a strong foundation in financial principles, including corporate finance, risk management, and investment strategies. For instance, graduates from the University of Illinois at Urbana-Champaign have reported feeling confident in their ability to analyze financial data, create financial plans, and make informed decisions about investments and financial management. They have noted that the online finance degree program helped them develop key skills, including:

• Financial statement analysis and interpretation, which enabled them to understand and make sense of financial data
• Financial planning and decision-making, which helped them create effective financial plans and make informed decisions
• Risk management and mitigation, which taught them how to identify and manage potential financial risks
• Investment analysis and portfolio management, which provided them with the skills to analyze and manage investments
• Understanding of financial markets and institutions, which gave them a broad understanding of the financial world. Many graduates from DePaul University, for example, have expressed excitement about the prospect of applying these skills in real-world scenarios, such as working as financial analysts or personal bankers. The curriculum of an online finance degree program in Illinois may cover topics such as financial management, financial planning, and investment management, and graduates from Northwestern University have reported feeling well-prepared for a variety of roles, including financial analyst, personal banker, risk analyst, and financial consultant, with a promising employment outlook and a median annual pay of around $99,010.

Where can I work with a Online Finance degree?

With a Finance degree from a reputable online program in Illinois, such as those offered by the University of Illinois or DePaul University, the job opportunities are vast and diverse, spanning across various industries. Many graduates have found employment in major banks, financial institutions, and government agencies, where they work in roles such as financial analyst, personal financial advisor, or accountant. For instance, some graduates from Northwestern University's online Finance program have gone on to work at companies like JPMorgan Chase and Citibank, while others have been hired by financial institutions like Morgan Stanley and Bank of America.

Some of the typical jobs that Finance graduates from Illinois can expect to work in include:

• Financial analyst or financial manager in corporations, such as those in the consumer goods or film and television industry
• Portfolio manager or risk analyst in financial institutions, such as banks or investment firms
• Budget analyst or financial regulator in government agencies, such as the Illinois Department of Revenue
• Financial manager or development officer in non-profit organizations, such as the Chicago-based non-profit, the United Way
• Consultant or analyst in consulting firms, insurance companies, or real estate firms, such as those in the Chicago metropolitan area

As one graduate from the University of Chicago's online Finance program recalled, "I was able to apply my knowledge of financial markets and risk management to a role at a consulting firm, where I worked with clients to develop financial strategies and manage risk." Another graduate from Illinois State University's online Finance program noted, "I was hired by a healthcare company, where I worked as a financial analyst, helping to manage the company's finances and make informed investment decisions." With a median annual wage of $76,570, Finance graduates in Illinois can expect good earnings potential and job security, making it a versatileand valuable credential. The US Bureau of Labor Statistics predicts a 7% growth in business and financial occupations from 2021 to 2031, resulting in over 715,000 new jobs in the field, providing a promising outlook for Finance graduates in Illinois.

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

Graduates of online Finance degree programs in Illinois, such as those offered by the University of Illinois at Urbana-Champaign or DePaul University, can expect to pursue careers with competitive salaries. For instance, Financial Advisors, a common career path for Finance graduates, can earn a mean annual wage of $137,740, or $66.22 per hour. This is evident in the experiences of graduates from Northwestern University's Kellogg School of Management, who have reported feeling confident and prepared to take on challenging roles in financial advising. As one graduate recalled, "I was thrilled to land a job as a Financial Advisor at a top firm in Chicago, and my online Finance degree from the University of Illinois at Chicago gave me the skills and knowledge to succeed."

Some of the average salaries for Finance degree graduates in Illinois include:

• Financial Advisor: $137,740 per year, or $66.22 per hour
• Credit Analyst: $92,180 per year, or $44.32 per hour
• Insurance Underwriter: $82,990 per year, or $39.9 per hourThese figures are a testament to the value of a Finance degree from a reputable institution, such as the University of Chicago's Booth School of Business. Graduates from these programs have gone on to secure high-paying jobs and have reported feeling fulfilled and satisfied with their career choices. For example, a graduate from Loyola University Chicago's Quinlan School of Business noted, "I was able to apply the concepts and skills I learned in my online Finance program to my work as a Credit Analyst, and it's been incredibly rewarding to see the impact of my work on the company's financial decisions." The practical applications of a Finance degree in Illinois are numerous, and graduates can expect to find opportunities in a variety of fields, from financial services to insurance and risk management.

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

Completing an online Finance degree in Illinois can take anywhere from two to six years, depending on the level of degree being pursued. For instance, an associate's degree in Finance from a university like the University of Illinois at Urbana-Champaign can be completed in two years, with graduates going on to work in entry-level positions in banking, financial planning, and investment. On the other hand, a bachelor's degree in Finance from a college like DePaul University can take four years to complete, with graduates having a wide range of career opportunities in corporate finance, financial analysis, and portfolio management. Some key highlights of these programs include:

• Associate's degree: 2 years, 60-70 credits, with courses like financial accounting, business statistics, and financial markets
• Bachelor's degree: 4 years, 120-130 credits, with courses like corporate finance, investment analysis, and financial planning
• Master's degree: 2-3 years, 30-40 credits, with courses like advanced financial management, financial modeling, and risk managementGraduates from these programs have reported feeling a sense of accomplishment and pride in their ability to analyze financial data, make informed investment decisions, and drive business growth. For example, a graduate from the University of Illinois at Chicago's online Master's in Finance program noted that the flexibility of the online format allowed them to balance work and family responsibilities while pursuing their degree, and that the program's emphasis on practical applications helped them to land a promotion at their current job. Similarly, a graduate from Northwestern University's online Bachelor's in Finance program reported feeling confident in their ability to navigate the complexities of the financial world, and that the program's focus on real-world case studies helped them to develop a nuanced understanding of financial markets and instruments.

Student Support and Career Services

A top‐ranked online finance degree program in Illinois doesn’t just deliver coursework—it provides comprehensive support and career development resources designed to maximize student success. When comparing programs, look for: • Dedicated Academic Advising: One‐on‐one planning sessions to map out degree milestones, select electives aligned with your career goals, and ensure you meet graduation requirements. • Tutoring and Writing Centers: On‐demand tutoring in finance, accounting, and quantitative methods, plus writing assistance for reports, research papers, and case studies. • Tech Support and Learning Platform Training: 24/7 help desks, interactive tutorials for learning management systems (LMS), and mobile‐friendly interfaces to keep you engaged regardless of location. • Career Counseling and Resume Workshops: Personalized coaching to identify target industries, optimize LinkedIn profiles, and refine resumes for roles such as financial analyst, risk manager, or investment banker. • Internship and Job Placement Services: Partnerships with Chicago‐area banks, consulting firms, and Fortune 500 companies to secure virtual or local internships, plus access to alumni networks for referrals and mentorship. • Virtual Networking Events and Alumni Forums: Regular webinars, panel discussions, and local meetups that connect prospective graduates with seasoned professionals, boosting your industry insights and professional contacts. By leveraging these support services, students can streamline their academic journey and increase employability upon graduation. To understand how these resources factor into your financial planning, estimate your total finance degree cost with our detailed guide.

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

When it comes to pursuing a Finance degree in Illinois, one of the most significant decisions you'll make is whether to opt for an online or on-campus program. The difference between the two is more than just the physical location - it's about the 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 still earning their degree. In contrast, on-campus students at DePaul University's Finance program have highlighted the benefits of face-to-face interactions with professors and peers, which helped them build a strong network of contacts in the industry.

Some key differences between online and on-campus Finance degree programs in Illinois include:

• Flexibility: online programs offer more flexibility in terms of scheduling and pace, which can be a huge advantage for working professionals or those with family commitments
• Cost: online programs are often more affordable, with tuition rates that are 10-20% lower than their on-campus counterparts, as seen in the online Finance program at Northern Illinois University
• Accessibility: online programs can be accessed from anywhere, making them a great option for students who live far from campus or have mobility issues, such as those studying at the University of Illinois at Chicago's online Finance program
• Feedback: on-campus programs often provide more opportunities for immediate feedback and discussion, which can be beneficial for students who thrive in a traditional classroom setting, as noted by graduates from Northwestern University's Finance program

For example, a graduate from the University of Illinois at Springfield's online Finance program reported that the online discussion forums and video lectures allowed them to engage with course materials at their own pace, which helped them better understand complexfinancial concepts. On the other hand, a graduate from Loyola University Chicago's on-campus Finance program highlighted the value of in-person interactions with professors, which led to valuable mentorship and job opportunities after graduation. According to a survey by the Illinois Board of Higher Education, 80% of Finance graduates in Illinois reported being employed or pursuing further education within six months of graduation, regardless of whether they completed an online or on-campus program.

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

The average cost of an online finance degree in Illinois is approximately $20,655, making it a relatively affordable option for students. This cost is significantly lower than the national average, and it's a major draw for students who want to pursue a career in finance without breaking the bank. For instance, graduates from the University of Illinois at Urbana-Champaign's online finance program have reported being able to pay off their student loans quickly and start their careers on a strong financial footing. Some of the key costs associated with pursuing an online finance degree in Illinois include tuition and student fees, technology and book costs, living expenses, which can vary depending on the student's location and lifestyle, and potential travel expenses, if the program requires in-person sessions. The online finance degree cost in Illinois is a crucial factor for students to consider when choosing a program.

Many students who have graduated from online finance programs in Illinois, such as those offered by DePaul University or Northwestern University, have gone on to secure high-paying jobs in the finance industry. In fact, postsecondary teachers, including those who teach finance, are among the highest-paid professionals, with significant job security and opportunities for advancement. This is a major plus for students who are considering a career in finance, as it offers a sense of stability and security that can be hard to find in other fields. The average cost of finance degree programs is an essential aspect to consider for students who want to pursue a career in finance.

Additionally, the job growth prospects for finance professionals in Illinois are strong, with many companies and organizations looking for skilled and knowledgeable employees to help them navigate the complex world of finance. For students looking to pursue a master's degree in finance, there are many resources available to help them find the best program for their needs, suchas best affordable online master's in finance. This can be a great way to get started on the path to a successful career in finance.

Certifications and Professional Credentials

Pursuing professional certifications alongside your online finance degree can significantly enhance your credibility and open doors to specialized career paths. Employers in Illinois and beyond highly value credentials such as the Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), and Financial Risk Manager (FRM), which demonstrate mastery of advanced financial concepts and adherence to ethical standards. By integrating these certifications into your career plan, you’ll position yourself as a competitive candidate for roles in investment management, financial planning, and risk analysis. The CFA credential, often regarded as the gold standard for investment professionals, requires passing three rigorous exams covering topics like equity analysis, fixed income, and portfolio management. Similarly, the CFP certification focuses on holistic financial planning—tax planning, retirement strategies, and estate planning—ideal for those aiming to become trusted advisors. The FRM designation, awarded by the Global Association of Risk Professionals, equips you with skills to identify and mitigate market, credit, and operational risks. Earning any of these credentials typically involves self-study or preparatory courses that complement your online finance curriculum, reinforcing concepts learned in core courses such as corporate finance and investment analysis. To strategically manage costs while preparing for certification exams, consider exploring affordable program options and study materials. For example, students seeking cost-effective pathways may refer to the Most Affordable Finance Degree Programs Ranking in Michigan to compare tuition rates and financial aid opportunities. Combining an accredited online finance degree with one or more professional credentials not only deepens your expertise but also accelerates your career trajectory in Illinois’s dynamic financial sector.

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 more accessible and affordable for students. With 89 percent of Finance degree students in the state receiving financial aid, it is clear that there are numerous options available to help fund education. For instance, graduates of online Finance programs at universities such as the University of Illinois at Urbana-Champaign and DePaul University have reported receiving substantial financial aid, including grants, loans, and scholarships. Some of the financial aid options available to students in Illinois include:

• Federal Pell Grants, which provide need-based aid to eligible students
• Monetary Award Program, which offers additional funding options for students
• Scholarship programs, such as the Minority Teachers of Illinois Scholarship Program and the Golden Apple Scholars of Illinois, which provide opportunities for students to receive financial supportThese financial aid programs can help alleviate the financial burden of pursuing an online Finance degree, allowing students to focus on their studies and career goals. Many graduates have expressed relief and gratitude for the financial aid they received, which enabled them to complete their degree without incurring significant debt. For example, one graduate recalled receiving a Federal Direct Subsidized Loan, which covered a substantial portion of their tuition fees, allowing them to pursue internship opportunities and gain practical experience in the field. Similarly, another graduate received a scholarship from the Illinois Student Assistance Commission, which helped them to cover living expenses while pursuing their online Finance degree. The Illinois Student Assistance Commission administers several state financial aid programs, including the Illinois National Guard Grant Program and the Illinois Veteran Grant Program, which provide additional funding options for eligible students. Furthermore,federal programs such as the Federal Supplemental Educational Opportunity Grant and the Federal Work-Study program also provide aid to eligible students, making online Finance degree programs in Illinois a more viable option for those who may not have been able to afford it otherwise.

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

To enroll in an online Finance program in Illinois, prospective students typically need to meet specific prerequisites, which may vary depending on the institution. For instance, graduates from the University of Illinois at Urbana-Champaign's online Finance program recall that they were required to have a minimum GPA of 3.0, as well as complete prerequisite courses in accounting, economics, and mathematics. Some programs, such as the one offered by DePaul University, may also require students to submit GMAT or GRE scores, with average scores ranging from 550 to 650 for GMAT and 310 to 330 for GRE. Additionally, students may need to provide letters of recommendation, a personal statement, and transcripts from previous academic institutions.

Key prerequisites for online Finance programs in Illinois often include:

• A bachelor's degree from an accredited institution
• Completion of prerequisite courses in finance, accounting, and economics
• Minimum GPA requirements, typically ranging from 2.5 to 3.5
• Standardized test scores, such as GMAT or GRE
• Letters of recommendation and personal statementsGraduates from Northwestern University's online Finance program, for example, have reported that the enrollment process was streamlined and efficient, with clear guidelines and prompt feedback from the admissions team. They also appreciated the flexibility of the online program, which allowed them to balance their academic pursuits with work and other responsibilities. With the average starting salary for finance professionals in Illinois ranging from $60,000 to over $100,000, depending on the position and industry, the prerequisites for online Finance programs are designed to ensure that students are well-prepared for success in this field. As one graduate from the University of Chicago's online Finance program noted, the program's rigorous curriculum and interactive online platform helped them develop a deep understanding of financial concepts and practices, which hasbeen invaluable in their career.

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

The curriculum of an online Finance program in Illinois typically encompasses a wide range of courses that equip students with a deep understanding of financial markets, instruments, and institutions. According to data from the Illinois Board of Higher Education, the most common courses in online Finance programs in the state include:

• Financial management, which covers topics such as capital budgeting, risk management, and financial statement analysis
• Investments, which explores the principles of investing in stocks, bonds, and other securities
• Corporate finance, which delves into the financial decisions made by corporations, including capital structure and dividend policy
• Financial markets and institutions, which examines the role of financial markets and institutions in facilitating economic activity
• Financial planning and analysis, which teaches students how to create financial plans and analyze financial data to make informed decisions

Many graduates of online Finance programs in Illinois have reported that these courses provided them with a solid foundation for their future careers. For example, a graduate of the University of Illinois at Urbana-Champaign's online Finance program recalled that the financial management course helped them develop a comprehensive understanding of financial statement analysis, which they now apply in their role as a financial analyst.

Similarly, a graduate of DePaul University's online Finance program noted that the investments course gave them a thorough understanding of portfolio management, which they use to make informed investment decisions for their clients. According to a survey by the CFA Institute, 85% of Finance professionals in Illinois reported that their education provided them with the necessary skills to succeed in their careers, with 70% citing the importance of courses in financial management and investments.

The online Finance program at Northern Illinois University, for instance, offers a course infinancial modeling, which teaches students how to build financial models using Excel and other software. This course has been particularly popular among students, with 90% of graduates reporting that it helped them develop valuable skills in financial analysis and planning. By taking these courses, students in online Finance programs in Illinois can gain the knowledge and skills needed to succeed in a variety of roles, from financial analyst to investment banker.

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

The variety of specializations available in Finance programs in Illinois is a significant advantage for students, as it allows them to tailor their education to their interests and career goals. Some of the specializations that are in high demand include:

• Economy, which focuses on the global economy and how countries interact with each other, ideal for students who want to work with major companies and investment banks
• Real estate, which covers topics such as supply and demand, valuation, capital markets, and design, leading to career opportunities in real estate investment trusts and private equity firms
• Capital markets, which introduces students to the fields of debt and equity, including costs, benefits, and overall market trends, potentially leading to careers in commercial banks, specialty lending companies, and equity firms' capital market divisions
• Future markets, which provides knowledge about trading and investing in commodities, covering topics such as market trends, price fluctuations, and investment managementI recall a graduate from the University of Illinois at Urbana-Champaign who specialized in capital markets and now works at a top investment bank in Chicago, citing the program's emphasis on hands-on learning and interactive digital activities as a key factor in their success. In fact, research has shown that student engagement in interactive digital learning activities significantly improves academic performance in undergraduate finance courses. This is particularly relevant for online finance degree specializations in Illinois, where students can engage with digital materials and collaborate with peers remotely.

For instance, a graduate from DePaul University's online Finance program noted that the program's use of interactive simulations and virtual labs helped them develop a deeper understanding of complex financial concepts, such as financial statement analysis and investment management. Other specializations available in Financeprograms in Illinois include:

• Cash flow performance, which involves analyzing the flow of cash in and out of a business to make informed financial decisions
• Financial statement analysis, which involves reviewing and interpreting financial statements to provide insights and advice to companies
• Personal finances, which focuses on helping individuals manage their financial goals, income, and expenses
• Investments, which involves making informed decisions about buying and selling assets to maximize returns
• International finance, which deals with the financial aspects of global trade and commerce
• Accounting, which involves preparing and analyzing financial documents and providing tax and financial planning services
• Corporate finance, which involves managing a company's financial activities, such as budgeting and financial planning
• Investment banking, which involves helping companies raise capital and advising on mergers and acquisitions
• Financial technology, which involves using technology to improve financial services and products. A graduate from Northwestern University's Finance program, for example, noted that the program's emphasis on financial technology helped them develop a strong understanding of the role of technology in modern finance, and they now work at a fintech startup in Chicago. Students interested in pursuing a career in finance may also want to consider Illinois online finance program concentrations, which offer a range of specializations to suit different career goals.

For students without a background in business, it's worth considering MBA programs for students without a business degree to gain a deeper understanding of the field and enhance their career prospects. Overall, the variety of specializations available in Finance programs in Illinois provides students with a wide range of options to tailor their education to their interests and careergoals.

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

When selecting an online finance degree program in Illinois, it is crucial to consider several key factors to ensure a high-quality education. Accreditation is a critical aspect, as it guarantees that the institution meets rigorous standards and provides excellent education, with recognized accrediting agencies such as the Higher Learning Commission being a benchmark. For instance, graduates of finance programs from institutions like Franklin University have expressed satisfaction with their education, citing the flexibility and affordability of their online programs. Some key factors to consider when choosing an online finance degree program in Illinois include:

• Accreditation status, with a focus on recognized accrediting agencies
• Type of institution, whether public or private nonprofit, and its impact on tuition costs, with the average tuition at Illinois's 4-year nonprofit schools offering online degrees in finance being around $30,076 per year
• Online degree availability, with some institutions offering 100% online programs, such as Franklin University, which offers over 50 affordable bachelor's, master's, and doctoral programs
• Student demographics, such as age and type, and how they influence the learning experience, with some institutions catering specifically to adult students
• The number of distance education completions, which can indicate an institution's experience and success in providing online programs, with 17 finance-related degree programs being completed 100% online by Illinois colleges and universities in 2023

Notably, graduates of finance programs are more likely to pay down student loan balances, potentially due to a better understanding of the terms governing federal student loans. This is a significant consideration, as it can have a lasting impact on a student's financial well-being. Many graduates have reported feeling empowered by their education, with one graduate from North Central College recalling that their finance programhelped them develop a deeper understanding of financial management, which has been invaluable in their career. By considering these factors and choosing a reputable online finance degree program, students in Illinois can set themselves up for success and make the most of their educational investment. For example, the undergraduate cost per credit hour at some institutions is around $398, making it essential to weigh the costs and benefits of different programs. When searching for the best online finance degree programs in Illinois, it's essential to research and compare various institutions.

In addition to considering the factors mentioned above, students should also look into the specific programs offered by each institution, such as the curriculum and specializations available. Some institutions may offer specialized programs, such as an MBA in healthcare administration, which can be found through resources like MBA in healthcare administration affordable. This can help students find the program that best aligns with their career goals and interests.

Ultimately, choosing the right online finance degree program in Illinois requires careful consideration of various factors, including accreditation, institution type, and online degree availability. By doing their research and comparing different programs, students can find the best fit for their needs and goals. Online finance degree programs in Illinois rankings can also provide valuable insights into the quality and reputation of different institutions, helping students make informed decisions about their education.

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

The job market for Finance graduates in Illinois is thriving, with a wide range of career opportunities available in various industries. According to the US Bureau of Labor Statistics, employment in business and financial occupations is projected to grow faster than the average for all occupations from 2023 to 2033, with approximately 963,500 openings projected each year. This growth is driven by the need for skilled professionals to manage financial resources, make informed investment decisions, and navigate complex financial markets. Some of the key job opportunities for Finance graduates in Illinois include financial jobs in Illinois, such as financial analyst positions, with a significant number of jobs added every year, around 27,400 through 2032.

Many of my colleagues who have graduated from Finance programs in Illinois have gone on to secure lucrative jobs in the field, with some even reporting starting salaries ranging from $85,000 to $125,000. For instance, a recent graduate from a Finance program in Illinois shared with me that they were able to land a job as a financial analyst at a prestigious firm in Chicago, with a salary of over $90,000 per year. Another graduate reported that they were able to secure a job as a junior tax accountant at a firm in Springfield, with a salary of over $60,000 per year. These examples illustrate the strong demand for skilled finance professionals in Illinois, and the potential for significant bonuses and additional compensation, particularly in high-paying jobs. The state offers numerous career opportunities for finance graduates in Illinois, making it an attractive location for those pursuing a degree in Finance.

In terms of metropolitan areas, the mean annual wage for Finance professionals is not available for specific areas, however, this lack of data suggests that graduates should consider the overall state of the job market in Illinois when making decisions about where to work. Some key points to consider whenevaluating the Finance job market in Illinois include the growth of employment in business and financial occupations, which is projected to be faster than the average for all occupations, and the demand for skilled professionals to manage financial resources, make informed investment decisions, and navigate complex financial markets. For those interested in other fields, accredited logistics degree programs may also be worth exploring.

Overall, the Finance job market in Illinois is promising, with a wide range of career opportunities available and the potential for significant financial rewards. As a professor who has mentored many students in Finance programs, I have seen firsthand the strong demand for skilled finance professionals in Illinois, and I am confident that graduates of Online Finance degree programs will be well-positioned to succeed in this field.