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MS in Finance Programs in Illinois

Find information on several MS in Finance programs available in Illinois in this article. It also presents each program's curriculum information, tuition, and available concentration options.

The University of Illinois at Urbana-Champaign

The Gies College of Business at the University of Illinois - Urbana-Champaign offers a 15-month Master of Science in Finance (MSF) program with concentration options in accountancy, business and public policy, and data analysis; it also offers several specialization options, such as asset management, corporate finance, and real estate. The core courses of this program include corporate finance, quantitative methods, and investments, and this program also features a full-semester, optional practicum for real-world experience.

Northern Illinois University

Located in DeKalb, Northern Illinois University features a STEM-designated Master of Science in Finance program with full-time and part-time options that require 30 semester hours (ten courses). In this program, students can prepare for careers in commercial banking, corporate finance, insurance, and trading, and the curriculum explores topics like financial analysis, investments, financial risk management, and financial markets.

Loyola University Chicago

Loyola University Chicago offers a Master of Science in Finance program that lasts 12-15 months and offers specializations in corporate finance, asset management, and risk management. The 12-course curriculum of this STEM-designated program covers topics like investment management, econometrics, and risk management; it also includes a capstone project and three courses related to the specialization track.

DePaul University

A STEM-designated Master of Science in Finance program is available at DePaul University in Chicago. The program concentrates on topics related to financial decision making, designing and using financial tools, managing risk, and developing plans for productivity. This program requires 48 credits and includes courses like investment analysis, ethics in financial markets, and capital markets.

Lewis University

The College of Business at Lewis University in Romeoville offers a Master of Science in Finance program that concentrates on investment analysis and financial instruments, and it provides foundational courses for non-business students. Students pursuing this program can learn concepts related to global finance, economics, finance, income analysis, and management strategies; this program requires 36-45 credit hours.

Illinois Institute of Technology

The Master of Science in Finance program available from the Stuart School of Business at the Illinois Institute of Technology combines classroom training with hands-on practice through internships and interactions with financial professionals. The curriculum of this master's program contains 11 courses for 33 credit hours, and it comprises topics like financial modeling, alternative investments, analysis of financial markets, and valuation management.

University of Illinois at Chicago

UIC's business school features a STEM-designated Master of Science in Finance program, which can be completed in one year with a full-time study option and more than one year with a part-time study option. This MS program is available with four specialization tracks: corporate finance, asset management, financial exchanges, and banking and capital management. The 32-credit-hour curriculum includes courses like financial communication, behavioral finance, and securities trading.

School Name Programs Offered Average Graduate Tuition Cost (2019-2020)*
The University of Illinois at Urbana-Champaign M.S.F. in Accountancy, Business and Public Policy, or Data Analysis In-state: $14,997; Out-of-state: $28,404
Northern Illinois University M.S.F. $8,922
Loyola University Chicago M.S.F. in Corporate Finance, Asset Management, or Risk Management $18,594
DePaul University M.S.F. $19,584
Lewis University M.S.F. $14,400
Illinois Institute of Technology M.S.F.$29,487
University of Illinois at Chicago M.S.F. in Corporate Finance, Asset Management, Financial Exchanges, or Banking and Capital Management In-state: $13,276; Out-of-state: $23,850

Source: *National Center for Education Statistics

Admission Requirements for an MS in Finance Program

For admission, most schools expect candidates to hold a bachelor's degree from an accredited school, and some schools require applicants to have completed finance coursework as part of their undergraduate studies. Schools typically favor candidates with good GRE/GMAT scores or students with high GPAs (of 3.4 or more) in bachelor's degree coursework. Students may need to submit official transcripts of previously attended schools along with letters of recommendation, a professional resume explaining academic and professional achievements, and a statement of purpose describing interest in this program and future aspirations. Having work experience in a related field can improve a prospective student's application.

Schools in Illinois offer STEM-designated Master of Science in Finance programs that prepare students for careers in investment banking, corporate finance, real estate, asset management, insurance, and trading. In these master's degree programs, students get an opportunity to learn financial concepts like global finance, investment analysis, market analysis, financial risk management, and international financial markets.