Finance Degree

The finance program at Loyola University Chicago prepares students for careers as a credit analyst, finance officer, financial advisor, financial analyst, financial planner, loan officer, or investment banker. The program focuses on planning, managing, and analyzing financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Program courses include: principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management. Get more details below including other Illinois colleges that offer finance degrees.

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Loyola University Chicago

8317 W North Avenue, Melrose Park, IL

Loyola University Chicago, a nonprofit private institution, offers a large number of degree programs, allowing students to choose which major is right for them. Located in Chicago, IL, the school offers an urban setting for students to study in. The Roman Catholic affiliation at the school is an important part of the history, education and vision that defines the school. Enrollment at Loyola University Chicago exceeds sixteen thousand per year.

A list of some of the more popular programs offered are:

• Public Administration And Social Services
• Business And Marketing Studies
• Biological And Biomedical Sciences
• Legal Professions And Studies
• Psychology

To be considered for admissions, students may be asked to fill out an application, provide letters of recommendations, and submit school transcripts, which are then studied by the admissions office. An ACT or SAT exam may be required prior to applying, with scores within the range of 1610 to 1950 on the SAT and in a range of 25 to 29 on the ACT is common among students accepted to this school. Roughly 50 percent of all students that applied were admitted at this school, with 20 percent of those accepted choosing to enroll. More information regarding admissions can be found here.

The cost of tuition is nearly $37,000 annually. Tuition prices may change for a variety of reasons, and therefore students should visit the school's tuition calculator to get a better idea of their cost of attendance. The price of on-campus housing is about $8,300 annually. Loyola University Chicago may provide financial aid for students who are eligible in the form of loans, grants, scholarships and work study programs.

Athletic programs are available at Loyola University Chicago through the NCAA, allowing students to participate in intercollegiate athletics. Sports available may include but not limited to:

• Basketball (NCAA Division I-AAA)
• Track & Field (NCAA Division I-AAA)
• Golf (NCAA Division I-AAA)
• Soccer (NCAA Division I-AAA)

Contact information, admission forms, areas of study, and more may be accessed on school's website at http://www.luc.edu.

Students Enrolled in the Finance Program

Get more details below regarding enrollment, academics, and school demographics. Loyola University Chicago has offered the following academic levels for students:

• Bachelor's Degree
• Master's Degree

Students by Academic Level (2019)

Students by Gender (2019)

Students by Race (2019)

Source: IPEDS Survey 2012-2020: Data obtained from the US Dept. of Education's Integrated Postsecondary Education Data System (IPEDS). Data may vary depending on school and academic year.

Career Options for Graduates

Chief Sustainability Officers

Description

Communicate and coordinate with management, shareholders, customers, and employees to address sustainability issues. Enact or oversee a corporate sustainability strategy.

General and Operations Managers

Description

Plan, direct, or coordinate the operations of public or private sector organizations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services.

Treasurers and Controllers

Description

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Career Outlook & Projections ()

According to the BLS, treasurers and controllers employment is expected to grow at a rate of 6.8% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 22
  • Average Hourly Rate: $63.54
  • Average Annual Salary: $132170
• Gary, IN Metropolitan Division
  • Total Employment: 590
  • Average Hourly Rate: $43.72
  • Average Annual Salary: $90930
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Average Hourly Rate: $65.23
  • Average Annual Salary: $135670

Budget Analysts

Description

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

Career Outlook & Projections ()

According to the BLS, budget analysts employment is expected to grow at a rate of 2.5% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 890
  • Average Hourly Rate: $36.78
  • Average Annual Salary: $76510
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 90
  • Average Hourly Rate: $33.20
  • Average Annual Salary: $69060

Credit Analysts

Description

Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.

Career Outlook & Projections ()

According to the BLS, credit analysts employment is expected to grow at a rate of 6.1% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 1
  • Average Hourly Rate: $35.91
  • Average Annual Salary: $74690
• Gary, IN Metropolitan Division
  • Total Employment: 40
  • Average Hourly Rate: $23.44
  • Average Annual Salary: $48750
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 240
  • Average Hourly Rate: $29.23
  • Average Annual Salary: $60810

Financial Analysts

Description

Conduct quantitative analyses of information affecting investment programs of public or private institutions.

Career Outlook & Projections ()

According to the BLS, financial analysts employment is expected to grow at a rate of 11.7% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 10
  • Average Hourly Rate: $45.60
  • Average Annual Salary: $94840
• Gary, IN Metropolitan Division
  • Total Employment: 150
  • Average Hourly Rate: $35.91
  • Average Annual Salary: $74690
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 1

Personal Financial Advisors

Description

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.

Career Outlook & Projections ()

According to the BLS, personal financial advisors employment is expected to grow at a rate of 29.6% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 10
  • Average Hourly Rate: $53.09
  • Average Annual Salary: $110420
• Gary, IN Metropolitan Division
  • Total Employment: 240
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 600
  • Average Hourly Rate: $63.47
  • Average Annual Salary: $132020

Loan Officers

Description

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Career Outlook & Projections ()

According to the BLS, loan officers employment is expected to grow at a rate of 8.1% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 9
  • Average Hourly Rate: $39.79
  • Average Annual Salary: $82770
• Gary, IN Metropolitan Division
  • Total Employment: 340
  • Average Hourly Rate: $30.99
  • Average Annual Salary: $64470
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 790
  • Average Hourly Rate: $32.41
  • Average Annual Salary: $67410

Financial Quantitative Analysts

Description

Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.

Business Teachers, Postsecondary

Description

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).