Which Chicago Universities Offer a Master's Degree in Accounting & Finance?
Learn about accounting and finance master's degree programs available at Chicago universities. Read about prerequisites and course requirements to make an informed decision about your education.
Chicago has a few universities for those who are interested in a master's degree in accounting and finance. Below you can learn about the different schools offering this graduate degree, as well as some degree concentrations.
What You Need to Know
If you want to be an accountant, financial analyst, financial advisor or financial services manager in Chicago, IL, it could be helpful to earn a master's degree for career advancement or even certification purposes. A few universities located in Chicago provide master's level studies in finance or accounting. Some programs are stand alone programs that result in a Master of Science degree. You could also take accounting or finance as an area of concentration in a Master of Business Administration program. Course topics you could expect to discuss in these programs include accounting theory, corporate finance, auditing and accounting information systems. Most programs are campus-based; however, you can choose to take DePaul University's Master of Science in Accountancy online. So if you're interested in furthering your career in the accounting or finance field and want to study at a Chicago university, you could consider one of the programs detailed in this article.
Master's Degrees in Accounting and Finance in Illinois
DePaul University's Kellstadt Graduate School of Business awards both a Master of Science in Accountancy (MSA) degree and a Master of Science in Finance (MSF) degree. The MSA program is designed for students who have an undergraduate degree in an area other than accounting. The MSF program is for individuals with at least a bachelor's degree who have a strong background in quantitative analysis, economics and financial accounting. For students who already have an MBA or are currently pursuing one, some credits may be applied towards an MSA or MSF degree.
- Program Name: Master of Science in Accountancy (MSA), Master of Science in Finance (MSF)
- Program Length: 4 quarters (full-time); up to 6 years (part-time)
- Tuition and Fees: $19,422 per year (2018-2019)
- Prerequisites: For the MSA, accounting I and II; for the MSF, competence in economics, statistics, financial accounting and calculus
- Admission Requirements: Bachelor's degree and GMAT scores
- School Type: 4-year, private not-for-profit; about 22,400 students (about 7,900 graduates)
Loyola University Chicago
The Loyola University Chicago's Quinlan School of Business offers master's degrees in both accounting and finance. The accounting degree program can prepare you to take the CPA exam, and it includes coursework in ethics, international accounting and information systems. In the MFA degree program, you can choose from corporate finance or risk management concentrations. In the corporate finance concentration, you'll take courses in investment management, ethics and financial modeling. The risk management concentration requires courses in derivatives, structured finance and credit risk management.
- Program Name: Master of Science in Accountancy (MSA), Master of Science in Finance (MFA)
- Field of Study Options: For the MFA, corporate finance and risk management
- Program Length: 18-36 months
- Tuition and Fees: $19,498 per year (2018-2019)
- Prerequisites: For the MFA, calculus; for the MSA, basic business and accounting courses (for both programs, students with a deficiency can take these courses as part of the degree program)
- Admission Requirements: Bachelor's degree, GMAT scores and 2 letters of recommendation
- School Type: 4-year, private not-for-profit; about 17,000 students (about 5,100 graduates)
At Roosevelt University's Walter E. Heller College of Business, you can pursue a Master of Science in Accounting degree. This degree program may be appropriate if you wish to pursue your state CPA license or become a CMA. In this MSA program, you'll complete courses like asset valuation, accounting theory and accounting information systems. The program accommodates both full- and part-time students.
- Program Name: Master of Science in Accounting (MSA)
- Program Length: About 1.5-2 years (full-time)
- Tuition and Fees: $20,466 per year (2018-2019)
- Admission Requirements: A bachelor's degree with a minimum 2.7 GPA
- School Type: 4-year, private not-for-profit; about 4,300 students (about 1,800 graduates)
University of Illinois at Chicago
The Liautaud Graduate School of Business offers an MBA program with concentration options in accounting and finance. You can complete this program on either a part-time or full-time basis, and some courses are available online. Other options include the MSA degree and the joint MBA/MSA degree. Each of these 2 programs has its own course requirements, but all MSA students will study financial statement analysis, fraud detection, auditing, accounting theory, corporate taxation and business ethics.
- Program Name: Master of Business Administration (MBA), Master of Science in Accounting (MSA)
- Field of Study Options: The MBA program offers concentrations in accounting and finance
- Program Length: Under 2 years for the full-time MSA or MBA; 3-4 years for part-time MBA students
- Tuition and Fees: $16,792 per year for in-state students; $26,479 per year for out-of-state students (2018-2019)
- Admission Requirements: Bachelor's degree with 3.0 GPA, GMAT scores
- School Type: 4-year, public; about 31,700 students (about 10,900 graduates)
As you have read, Chicago has several schools in the area offering a master's program in accounting and finance - DePaul University, Loyola University Chicago, Roosevelt University, and University of Illinois at Chicago.