Bachelor of Science in Finance
Close connections to Chicago’s financial markets provide world-class experiential learning opportunities. Students majoring in finance will have access to faculty who bring both extensive real-world experience and an active research agenda on a variety of subjects into the classroom. They acquire both theoretical knowledge and practical skills in an atmosphere of intellectual stimulation and active learning.
Degree-at-a-Glance
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Why Earn Your Bachelor's in Finance at UIC Business
Our curriculum is built to help students focus on their dream careers within finance. The rich list of elective courses introduces students to various fields including corporate financial analysis, business valuation, investments and portfolio management, banking, international finance, trading, and risk management. Through close ties with finance professionals, we supplement the course materials with guest speakers from across the financial sectors. Our research and clinical faculty provides students with innovative educational programs that help students apply new insights to critical business problems.
- For a full list of curriculum requirements, visit the UIC Catalog
- For a full list of courses offered, visit the course catalog.
BS in Finance Careers and Outcomes
Program Outcomes
With a finance degree, you’ll have the skills and knowledge to:
- Prepare financial statements, business activity reports and forecasts
- Review company financial reports and seek ways to reduce costs
- Analyze market trends to find opportunities for expansion or for acquiring other companies
- Help management make financial decisions
- Recommend individual investments and collections of investments or portfolios
- Study a company’s financial statements to determine its value
- Buy and sell securities, such as stocks and bonds
- Buy and sell commodities, such as corn, oil and gold
- Monitor financial markets and the performance of individual securities
- Evaluate cost and revenue of agreements
UIC Business students are prepared for jobs in corporate finance, banking, investment management, and financial services positions.
Top Employers
Top employers hiring UIC Business Finance Graduates
- JPMorgan Chase & Co.
- Liberty Mutual
- Morgan Stanley
- Northern Trust
- Northwestern Mutual
- UBS Financial Services
- U.S. Bank
- CNA Financial
- National Futures Association (NFA)
- Office of the Comptroller of the Currency (OCC)
CME Trading Lab
Our CME Trading Lab has the latest financial software, including Bloomberg Terminals, R, XTrader and OneTick. The free training students receive in these programs gives them a competitive edge in the job market.
Frequently Asked Questions
What is the difference between finance and accounting?
To begin with, finance and accounting deal with very similar concepts and terms. In both finance and accounting you would deal with assets, liabilities, equity, profits, losses, investments, etc. However, time horizon and risk constitute the major difference. Accounting deals with the past and present account balances, flows, and transactions. Finance takes things from there to make decisions for the future periods, which are uncertain. Given that the future is never certain, even to the best and the brightest of financial decision-makers, at the heart of finance lies risk. Investing is risky since you are not guaranteed a return. Borrowing is risky because you may default. Budgeting is risky because you can never forecast your financial inflows and outflows with certainty. Starting a business or undertaking a new project is risky as it may turn out disappointing and ultimately fail. And so on. All financial decisions involve the passing of time and balance risk and return.
How rigorous is finance?
Most people who are just being introduced to finance think it is an exact science with right and wrong answers, cold numbers, solutions that can be programmed with an algorithm, and rigid structure, leaving no room for individuality. This perception is incorrect. True, as you are just starting out at an entry-level position, you would be involved in more structured tasks, but not necessarily. Ultimately, any analysis requires independent thinking and ability to ask open-ended questions. That’s how you get an edge against fellow financial analysts: by being able to think in different ways and look for valuable information in places that they haven’t considered!
Finance jobs require soft skills in addition to quantitative skills. Many occupations require extensive dealing with clients, customers, bankers, analysts, etc., and do not require for you to perform much quantitative analysis, although solid knowledge, recognition, and application of financial concepts is of course still essential.
Financial analysis requires certain math skills. To succeed in your finance coursework, as a minimum, you need good knowledge of college algebra and statistics. Don’t underestimate statistics: financial decisions deal with the uncertainty of the future! Everything we deal with is probabilistic rather than deterministic: maybe the stock price will go up, maybe down; maybe the economy will be strong next year, maybe weak, and so on. For some applications such as portfolio allocation, for example, linear algebra comes in handy; and of course if you want in-depth treatment of financial derivatives such as puts and calls, futures and swaps, you need basic calculus. Finally, most finance jobs need programming skills in addition to math skills. Mastery of Excel is the bare minimum. You need to be able to work with large amounts of data, use pivot tables, run regressions and simulations, and so on. Our curriculum provides a solid opportunity to learn these skills.