The Department of Finance offers undergraduate and graduate programs that prepare students for a wide range of careers in finance.
In addition to standard finance offerings, we offer a specialized concentration in financial planning and different academic tracks that allow students to specialize in corporate finance and risk management, investments, and financial advising.
Our faculty are experts on a broad range of topics in finance, regularly publish their research in premier academic journals, and actively engage with Chicago finance professionals to provide innovative educational programs that enhance the skills and careers of students.
Seminar Series Heading link
Kairong Xiao, Columbia, Finance
Mahyar Kargar, University of Illinois Urbana-Champaign, Finance
Huseyin Gulen, Purdue, Finance
Giorgo Sertsios, UW Milwaukee, Finance
Aymeric Bellon, UNC, Finance
Daniel Hartley, Chicago Fed, Real Estate, In-Person, 10:30 a.m. to 12 p.m.
Peter Christensen, University of Illinois Urbana-Champaign, Real Estate, In-Person, 10:30 a.m. to 12 p.m
Seminar Series Heading link
Arpit Gupta, New York University, Real Estate
Samuel Hartzmark, University of Chicago, Finance
Paul Willen, Federal Reserve of Boston, Real Estate
Audra Boone, Texas Christian University, Finance
Sergey Chernenko, Purdue University, Finance
Eric Budish, University of Chicago, Finance
Christian Redfearn, University of Southern California, Real Estate
Sophie Shive, University of Notre Dame, Finance
Wenxin Du, University of Chicago, Finance
UIC Business Visits Chicago Board Options Exchange (Cboe) Heading link
Emeritus Finance Professor Gib Bassett led a group of UIC Business students, faculty, and staff to tour the new Chicago Board Options Exchange (Cboe) trading floor. The new trading floor opened in June 2022 with a hybrid trading system that combines open outcry and electronic trading.
Breaking up into small groups, Cboe tour guides described the floor operations and the roles played by the market makers and brokers on the floor. The tour ended with the group assembling on the bell-ringing platform overlooking the trading floor to ring the closing bell at 3:15 pm. UIC Business students included students from Professor Bassett’s FIN 594/494 class, The Chicago Exchanges; CMBA students; Business Scholars; and CME Scholars. Additional faculty included Finance faculty, Andriy Bodnaruk, Dermot Murphy, and Lingjie Ma, as well as Emeritus Professor of Economics, Mo-Yin Tam.
The Cboe offers trading across multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), and global foreign exchange (FX). It houses 10 trading pits including the S&P 500 Index (SPX) options, Cboe Volatility Index (VIX) options, Russell 2000 Index (RUT) options, and SPDR S&P 500 ETF Trust (SPY) options pits. The Cboe is the largest options exchange in the U.S.
Student Organization Spotlight: Finance & Investment Group Heading link
The Finance & Investment Group, or FIG, is a student-run organization that is dedicated to developing knowledge and networks for the future. We host speaker events where we invite business professionals from different finance fields, such as personal, public, private and corporate finance to speak about their experiences. Our speakers work in a wide variety of industries such as: investment banking, asset management, venture capital, private equity, and real estate. We also offer workshops and networking events for our members to deepen their knowledge on an interactive, personal level.
FIN 594 Visits CQA Heading link
John Wightkin and 18 students from the Advanced Asset Management class had the opportunity to attend the CQA fall conference in Chicago. CQA is an international group of quantitative investment professionals and professors. Students were able to listen to several prominent speakers including Daryl Morey, the General Manager of the Philadelphia 76ers basketball team. He, along with two other experts, discussed the parallels between analytics driven decision making in sports and quantitative investing. They also had the chance to meet some legendary money managers and learn more about the quantitative investment industry. This opportunity gives UIC Business students invaluable exposure to this investment community and is one of many opportunities that has been made available to the students through their participation in the Advanced Asset Management class.
Ferhat Akbas, Associate Professor of Finance Heading link
Had a paper titled, “Initial Margin Requirements and Market Efficiency,” (with Paul Koch and Lezgin Ay) accepted for publication in the Journal of Financial and Quantitative Analysis