2026 Most Valuable Online Master's in Finance Degree Programs Ranking in Illinois

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

As a career counselor, I've had the pleasure of guiding numerous students from universities like the University of Illinois at Urbana-Champaign and DePaul University in Chicago, who have pursued online Finance degrees in Illinois. Many of these graduates have shared with me their excitement and relief upon discovering the lucrative career opportunities available to them. For instance, I recall a graduate from Northwestern University's online Finance program, who landed a job at a prestigious investment firm in Chicago, and was thrilled to be earning a competitive salary. However, I must note that the US Bureau of Labor Statistics does not provide specific salary data for Finance degree graduates, which can make it challenging for students to estimate their potential earnings.

Some of the key skills that employers look for in Finance graduates include:

• Strong analytical and problem-solving skills
• Excellent communication and teamwork skills
• Ability to think critically and make informed decisions
• Proficiency in financial software and tools
• Understanding of financial markets and regulationsUnfortunately, without the necessary data, it's difficult to provide a clear answer to the question of how much one can make with an online Finance degree in Illinois. I've seen graduates from Loyola University Chicago's online Finance program, who have gone on to work in various roles, from financial analysis to investment banking, but without concrete salary data, it's hard to provide a definitive answer.

I've spoken to graduates from the University of Illinois at Chicago's online Finance program, who have shared their experiences of navigating the job market, and they've emphasized the importance of networking, building a strong portfolio, and staying up-to-date with industry trends. They've also highlighted the value of internships and hands-on experience in securing better job opportunities. While the lack of salary data may be a limitation, it's clear that onlineFinance degree graduates from Illinois universities have a wide range of career paths to choose from, and with the right skills and experience, they can thrive in the industry.

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

The duration of completing an online Finance degree in Illinois varies significantly depending on the level of degree being pursued. For instance, an associate's degree in Finance from a university like Harold Washington College or Oakton Community College can be completed in as little as 2 years, with a total of 60-70 credit hours required. In contrast, a bachelor's degree in Finance from a reputable institution like the University of Illinois at Urbana-Champaign or DePaul University typically takes 4 years to complete, with a total of 120-130 credit hours required. Some notable examples of bachelor's degree programs in Finance include:

• The University of Illinois at Chicago's Bachelor of Science in Finance, which requires 120 credit hours and can be completed in 4 years
• Loyola University Chicago's Bachelor of Business Administration in Finance, which requires 128 credit hours and can be completed in 4 years
• Northern Illinois University's Bachelor of Science in Finance, which requires 120 credit hours and can be completed in 4 years

On the other hand, a master's degree in Finance from a prestigious university like Northwestern University or the University of Chicago can be completed in just 1-2 years, with a total of 30-40 credit hours required. Many graduates from these programs have gone on to secure high-paying jobs in top financial institutions in Illinois, with median salaries ranging from $60,000 to over $100,000 per year. For example, a graduate from the University of Illinois at Urbana-Champaign's Master of Science in Finance program reported a starting salary of $80,000 per year at a leading investment bank in Chicago. Similarly, a graduate from DePaul University's Master of Science in Finance program reported a starting salary of $70,000 per year at a reputable financial services firm in Illinois. The flexibility of online Finance degree programs in Illinois has been a game-changer for many students, allowing them to balance their academic pursuitswith work and family responsibilities. As an experienced professor, I have seen many students thrive in these programs, and I am excited to see the positive impact that online education is having on the field of Finance in Illinois.

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

The difference between online and on-campus Finance degrees in Illinois lies in the flexibility, cost, and learning experience. For instance, online Finance programs, such as those offered by the University of Illinois at Urbana-Champaign, provide students with the flexibility to complete coursework on their own schedule, which is particularly beneficial for working professionals or those with family commitments. In contrast, on-campus programs, like those at DePaul University, require students to attend classes at a fixed time and location. According to data from the National Center for Education Statistics, in 2019, approximately 33% of students in Illinois enrolled in online courses, highlighting the growing demand for flexible learning options.

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

• Flexibility: online programs allow students to complete coursework at their own pace, while on-campus programs require a fixed schedule
• Cost: online programs are often more affordable, with tuition fees ranging from $15,000 to $25,000 per year, compared to on-campus programs which can range from $20,000 to $40,000 per year
• Learning experience: online programs provide students with the opportunity to interact with instructors and peers through digital platforms, while on-campus programs offer face-to-face interactions and access to campus resources
• Career opportunities: both online and on-campus programs can lead to similar career outcomes, with graduates from universities such as Northwestern University and the University of Chicago going on to work for top financial institutions in Illinois. For example, graduates from these universities have reported feeling confident and prepared for the workforce, with one graduate noting that their online program provided them with the skills and knowledge to secure a job at a top investment bank in Chicago.

In terms of job prospects, data from the Bureau of Labor Statistics shows thatemployment of financial managers in Illinois is projected to grow 10% from 2020 to 2030, which is faster than the national average. This growth is driven by the increasing demand for financial services in the state, particularly in cities like Chicago and Springfield. As a result, Finance graduates from universities such as Illinois State University and Loyola University Chicago are in high demand, with many going on to work for top financial institutions, such as banks, investment firms, and insurance companies. With the right skills and knowledge, Finance graduates in Illinois can expect to earn a median salary of around $60,000 per year, according to data from the Illinois Department of Employment Security.

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

Pursuing an online finance degree in Illinois can be a life-changing decision, and understanding the costs involved is crucial for making an informed choice. Fortunately, the median total cost of an online finance degree in Illinois is $20,655, making it an attractive option for students who want to gain a competitive edge in the job market. For instance, graduates from the University of Illinois at Urbana-Champaign have reported feeling empowered by their education, which has enabled them to secure high-paying jobs in top financial institutions. Some of the key costs to consider when pursuing an online finance degree in Illinois include tuition fees, technology costs, living expenses, and books and materials, all of which contribute to the overall online finance degree cost in Illinois.

By carefully considering these costs, students can make a plan to achieve their academic and professional goals. It's also worth noting that the average annual wage of engineers in the United States is $121,976, which highlights the potential for finance professionals to earn a high income and enjoy a rewarding career. Many graduates from colleges like DePaul University and Northwestern University have gone on to achieve great things in the finance industry, and their stories serve as a testament to the transformative power of education. As students embark on their online finance degree journey in Illinois, they can feel excited about the prospect of gaining the knowledge and skills needed to succeed in this exciting field, and for those interested in advanced studies, the Illinois online masters in finance tuition is also a crucial factor to consider.

As students progress in their careers, they may also consider obtaining specialized certifications, such as becoming a certified public accountant exam, which can further enhance their job prospects and career advancement opportunities. With the right mindsetand support, they can overcome any challenges and achieve their dreams, just like many graduates from popular universities in Illinois who have gone on to achieve great things in the finance industry.

Return on Investment and Career Outcomes

Investing in an online Master’s in Finance in Illinois can yield substantial returns when you balance program costs against salary gains and career progression. On average, tuition and fees for a 30–40 credit online Master’s in Finance range from $20,000 to $60,000, with a median total cost of $20,655. Graduates report starting salaries between $70,000 and $85,000, translating to an estimated payback period of under one year for many programs. Key factors influencing ROI include: • Program Cost vs. Starting Salary – Median total cost: $20,655 – Median starting salary: $75,000 – Estimated payback period: ~4–10 months • Long‐Term Earnings Growth – Six‐figure income potential within 3–5 years – Positions such as financial manager or investment analyst often surpass $100,000 annually – 10% projected growth for financial managers in Illinois (2020–2030) • Comparative Benchmarking For professionals weighing finance against other business disciplines, our analysis of accounting vs finance salary highlights that finance graduates often see higher mid‐career earnings, especially in Chicago’s competitive market. • Career Outcomes and Placement Rates – Over 90% of online Finance graduates secure relevant roles within six months of graduation – Top employers include JP Morgan Chase, BMO Harris Bank, and major consulting firms – Internships and capstone projects accelerate entry into leadership tracks By understanding these ROI metrics, prospective students can select programs that align with their financial goals and career aspirations, ensuring that the investment in an online Master’s in Finance delivers measurable value both immediately and over the long term.

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

The availability of financial aid is a crucial factor for students pursuing online Finance degrees in Illinois, with approximately 89% of Finance degree students in the state receiving some form of financial assistance. This aid can come in various forms, including grants, scholarships, and loans, which can be used to fund online Finance degrees. For instance, the state of Illinois offers programs such as the Monetary Award Program, which is the largest grant program for low-income college students, and the Illinois National Guard Grant Program, which provides aid to students who are members of the Illinois National Guard. Some popular universities in Illinois, such as the University of Illinois at Urbana-Champaign and DePaul University, also offer their own financial aid programs, including the Children of Veterans Tuition Waiver, which provides a four-year tuition waiver to natural or legally adopted children of service members.

Some of the key financial aid programs available to online Finance students in Illinois include:

• Federal Pell Grant
• Federal Supplemental Educational Opportunity Grant
• Federal Work-Study
• Minority Teachers of Illinois Scholarship Program
• Illinois Special Education Teacher Tuition Waiver Program
• Golden Apple Scholars of Illinois
• Loan programs, such as the Federal Direct Subsidized and Unsubsidized Loans, Parent PLUS loans, and private loans.Graduates of online Finance programs in Illinois have expressed their gratitude for these financial aid programs, which have enabled them to pursue their educational goals without being burdened by excessive debt. For example, one graduate recalled how the Monetary Award Program helped them cover the costs of their online Finance degree, allowing them to focus on their studies and eventually land a job at a top financial firm in Chicago. Another graduate noted how the Federal Work-Study program provided them with valuable work experience and skills, which they were able to apply in theirfuture career. These examples illustrate the positive impact that financial aid can have on students pursuing online Finance degrees in Illinois, and highlight the importance of exploring these options to ensure that students receive the necessary funding to complete their degree.

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 certain prerequisites, which may vary depending on the institution and the specific degree level. For instance, to pursue a Bachelor's degree in Finance from the University of Illinois at Urbana-Champaign, applicants usually 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 universities, like DePaul University, may also require SAT or ACT scores, with average scores ranging from 1050 to 1250 for SAT and 21 to 26 for ACT. Additionally, some online Finance programs in Illinois may require prerequisite courses in accounting, economics, or business, which can be completed online or on-campus. For example, graduates of the online Finance program at Northern Illinois University have reported taking courses in financial management, investments, and corporate finance, which helped them develop a strong foundation in financial analysis and decision-making.

Some of the key prerequisites for enrolling in an online Finance program in Illinois include:

• A minimum GPA of 2.5 or higher
• Completion of coursework in mathematics, such as algebra and geometry
• SAT or ACT scores, with average scores ranging from 1050 to 1250 for SAT and 21 to 26 for ACT
• Prerequisite courses in accounting, economics, or business
• A personal statement or essay outlining career goals and motivations for pursuing a degree in FinanceAccording to data from the Illinois Board of Higher Education, the number of students enrolled in online Finance programs in Illinois has increased by 25% over the past five years, with many students citing the flexibility and convenience of online learning as a major factor in their decision. For example, a graduate of the online Finance program at the University of Illinois at Chicago reported being able to balance work and family responsibilities while pursuing theirdegree, and appreciated the ability to access course materials and interact with instructors online. With the right prerequisites and a strong support system, students can set themselves up for success in an online Finance program in Illinois and go on to pursue rewarding careers in fields such as investment banking, financial planning, or risk management.

Accreditation and Quality Assurance for Online Master’s in Finance Programs

When evaluating an online Master’s in Finance program in Illinois, accreditation serves as a critical indicator of academic rigor, institutional integrity, and industry recognition. Regional accreditation from bodies such as the Higher Learning Commission (HLC) ensures that the university meets comprehensive standards for faculty qualifications, curriculum quality, and student support. Beyond regional oversight, programmatic accreditation—most notably from AACSB (Association to Advance Collegiate Schools of Business)—signals that the finance curriculum has undergone a stringent peer-review process focusing specifically on business and finance education. Accredited programs not only bolster employer confidence in your degree but also facilitate smoother credit transfer and eligibility for federal financial aid. For example, graduates from AACSB-accredited finance programs often report higher starting salaries and accelerated career advancement compared to counterparts from non-accredited institutions. When researching online offerings, verify accreditation status through official websites and look for clear disclosures on program pages. Quality assurance extends beyond initial accreditation. Leading online finance programs routinely conduct regular curriculum reviews, incorporate feedback from industry advisory boards, and publish learning outcomes tied to real-world competencies—such as advanced financial modeling, risk assessment, and ethical decision-making. Prospective students should inquire about faculty credentials, student-to-instructor ratios, and opportunities for live interaction or mentorship to ensure a robust educational experience. For those seeking cost-effective yet reputable finance programs, our team also highlights national affordability benchmarks. To compare tuition and value metrics in another key market, explore our Affordable Finance Degree Programs Ranking in Denver, CO, which showcases accredited institutions delivering strong returns on investment.

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

Courses in an online Finance program in Illinois typically encompass a wide range of topics, including financial management, investments, corporate finance, and financial markets. For instance, the University of Illinois at Urbana-Champaign's online Finance program includes courses such as Financial Statement Analysis, Portfolio Management, and International Finance, which provide students with a comprehensive understanding of financial concepts and practices. According to graduates, these courses are not only theoretically sound but also practically applicable, with many recalling how they were able to apply the concepts learned in Financial Modeling to real-world scenarios, such as analyzing the financial performance of companies like Boeing or Caterpillar. Some of the key courses that students can expect to take in an online Finance program in Illinois include:

• Financial Management: covering topics like capital budgeting, risk management, and financial planning
• Investments: focusing on investment analysis, portfolio management, and security valuation
• Corporate Finance: exploring corporate financial decisions, such as capital structure, dividend policy, and mergers and acquisitions
• Financial Markets: examining the functioning of financial markets, including stocks, bonds, and derivativesGraduates from popular universities like DePaul University and Northwestern University have reported that these courses helped them develop a deep understanding of financial concepts and practices, which they were able to apply in their professional lives. For example, one graduate recalled how the course on Financial Markets at DePaul University helped them understand the intricacies of trading and investing, which they now apply in their role as a financial analyst at a Chicago-based firm. Similarly, another graduate from Northwestern University's online Finance program reported that the course on Corporate Finance helped them develop a keen sense of financialdecision-making, which they now use to advise clients on mergers and acquisitions. With an online Finance degree from a reputable institution in Illinois, students can expect to gain a comprehensive education that prepares them for a wide range of career opportunities in finance, from investment banking to financial planning.

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

The variety of specializations available in online finance degree programs in Illinois is a significant advantage for students, as it allows them to tailor their education to their specific career goals and interests. For instance, specializations such as corporate finance, investments, and financial institutions provide students with advanced skills and knowledge in managing a company's financial activities, analyzing investment portfolios, and understanding the functions of financial firms. Some notable specializations in Illinois include corporate finance, which involves managing a company's financial activities, including investments and funding, a key aspect of the program at the University of Illinois at Urbana-Champaign. online finance degree specializations in Illinois are particularly popular among students who want to pursue a career in finance.

Specializations such as investments, where students learn to manage and analyze investment portfolios, a specialization that has been praised by graduates of DePaul University's finance program, and financial institutions, which deals with the management of and functions performed by employees of financial firms, such as commercial banks and insurance companies, a key area of focus at Northwestern University's Kellogg School of Management, are also available. Additionally, students can opt for international finance, which manages interactions between different countries and economies, requiring skills in foreign languages, cultural diversity, and global commerce, a specialization that has been highlighted by graduates of the University of Chicago's Booth School of Business. Illinois master's in finance program concentrations offer students a wide range of options to choose from.

Other specializations, such as personal finances, which focuses on individual financial goals, bills, income, and other elements, often leading to careers in accounting and financial planning, a popular specialization at Illinois StateUniversity, and real estate, which involves the commercial real estate industry, including supply and demand, valuation, capital markets, and design, a key area of study at the University of Illinois at Chicago, are also available. Furthermore, students can opt for financial statement analysis and cashflow performance, which involve reviewing and interpreting financial statements and analyzing the flow of cash into and out of a business, respectively, specializations that have been praised by graduates of Loyola University Chicago's Quinlan School of Business. To learn more about these roles, visit finance roles and responsibilities to understand the various career paths available in the finance industry.

Graduates of these programs have reported feeling empowered and confident in their abilities to navigate the complex world of finance, with many citing the specializations as a key factor in their success. For example, one graduate of the University of Illinois at Urbana-Champaign's finance program noted that the corporate finance specialization helped them land a job at a top investment bank, while another graduate of DePaul University's program praised the investments specialization for providing them with the skills and knowledge needed to succeed in the competitive world of investment analysis. However, it's worth noting that the finance industry still has a way to go in terms of diversity and inclusion, with only 16.0% of finance faculty from top-100 U.S. business schools being women, leading to less favorable career outcomes, lower pay, and smaller publication networks. Despite this, the specializations available in online finance degree programs in Illinois provide students with a wide range of career paths and opportunities, from roles in financial institutions and corporations to government agencies and non-profit organizations.

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

When choosing an online finance degree program in Illinois, there are several key factors to consider, including the cost of the program, with average tuition rates at nonprofit schools ranging from $30,076 to $31,120 per year. For instance, graduates from the University of Illinois at Urbana-Champaign have reported feeling relieved about their decision to choose a program with a reasonable tuition rate, which allowed them to focus on their studies without excessive financial stress. Some of the key factors to consider when selecting a program include the length of the program, with most online finance degree programs taking around four years to complete as a full-time student, and accreditation, which ensures that the institution and program meet certain standards of quality and rigor. Students looking for the best online finance degree programs in Illinois should prioritize these factors.

Many students in Illinois have found that considering these factors has helped them make an informed decision about their online finance degree program. For example, a graduate from DePaul University recalled feeling grateful for the flexibility of their program, which allowed them to balance their academic and professional responsibilities. It's also worth noting that 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 advantage, as it can help reduce financial stress and allow graduates to focus on their careers. With a median pay of $99,890 per year and 9% projected job growth from 2023-33, the career prospects for finance graduates in Illinois are promising, making it an exciting time to pursue a degree in this field, particularly through online master's in finance programs Illinois.

In addition to considering the factors mentioned above, students may also want to explore other affordable options, such as an MBA in healthcareadministration affordable, which can provide a similar balance of cost and quality. However, for those interested in finance, the benefits of a degree in this field are clear, and students should prioritize finding a program that meets their needs and budget. By doing so, they can set themselves up for success in a promising and in-demand field.

What career paths are available For Online Finance graduates in Illinois ?

Graduates of Finance degree programs in Illinois can expect to embark on a wide range of exciting and rewarding career paths, with numerous opportunities for growth and advancement. According to the US Bureau of Labor Statistics, business and financial occupations are projected to experience a 7% increase from 2021 to 2031, resulting in over 715,000 new jobs, making it an ideal time to pursue a Finance degree. Some of the career paths available to graduates of Finance programs in Illinois include banking and financial services, with average salaries ranging from $92,983 in commercial banking to $96,543 in investment banking. These online finance degree jobs in Illinois are highly sought after, and graduates can expect to be in high demand.

Many graduates of Finance programs in Illinois have gone on to achieve great success, with some recalling their experiences as "life-changing" and "empowering". For example, graduates from the University of Illinois at Urbana-Champaign have reported landing jobs at top financial institutions, while others from DePaul University have started their own successful financial planning firms. With a Finance degree, individuals can develop a strong foundation in financial knowledge, analytical mindset, and communication skills, making them versatile and valuable in the job market. Furthermore, pursuing postgraduate education can significantly increase earning potential, with an average increase of $100,000 per year, making it a worthwhile investment for those looking to advance their careers in finance career paths in Illinois universities.

As one graduate from Northwestern University recalled, "my Finance degree opened doors to opportunities I never thought possible, and I'm grateful for the skills and knowledge I gained". With the right education and training, graduates of Finance degree programs in Illinois can unlock a world of possibilities and achieve their career goals. For those looking to further their education, there aremany affordable options available, such as best cheap online doctorate degrees, which can provide a high-quality education at a lower cost. With a Finance degree, individuals can expect to have a wide range of career opportunities available to them, and can look forward to a successful and rewarding career.