Accounting & Finance

Bachelor of Business in Finance

Program Details

The field of finance is both broad and dynamic. It directly affects the lives of all individuals and organizations, whether the organization is financial or nonfinancial, private or public, for profit or not-for-profit. There are several areas of finance which can be studied, and a large number of varying career opportunities are available. Required areas of study for the Finance major include financial institutions, financial management, investment policy, insurance/risk management, and real estate. Additional subjects may be studied through courses such as Bank Management, Advanced Financial Management, Security and Portfolio Analysis, Personal and Commercial Lines of Insurance, and Real Estate Financing. In addition to class lectures, you will have the opportunity to learn from computer simulations, case studies, and field trips. You will also have the opportunity to learn from representatives of corporations and government agencies who visit as guest speakers to offer current insights into financial applications and relate classroom theories to actual working situations.

Finance graduates have excellent prospects for employment in financial institutions, brokerage or investment operations, and corporations or government agencies. In the long run, an education in finance has led many individuals to top positions in organizations across the country.

Earn TWO degrees in just five years!

Integrated Baccalaureate and Master's Degree
  • Bachelor of Business in Finance/Master of Business Administration (MBA)

An integrated baccalaureate and master’s degree program provides the opportunity for outstanding undergraduates to earn both degrees in five years. Typically, a baccalaureate degree requires four years to complete and a master’s degree requires an additional two years. However, the integrated degree programs are intended to be accomplished over a period of five years. In addition to earning both degrees a year early, the integrated programs may include additional opportunities to participate in a variety of experiential educational activities such as a master’s project or thesis.

Learn more about the integrated programs.

Professional and Personal Growth

As a Finance major, you will be encouraged to become involved in one or more of the department’s student organizations. The Finance Club and Rho Epsilon (real estate) will help keep you up-to-date in your major field through discussions with leading professional managers and field trips to local and national businesses.

Special Opportunities

The College of Business and Technology is fully accredited by the Association to Advance Collegiate Schools of Business (AACSB) International, which ensures that you receive a rigorous, up-to-date education. AACSB International is the largest and most prestigious accreditation organization for management education in the world.

The department and College encourage involvement in internship programs with public and private business and industry. Along with credit toward graduation, such internships provide valuable experience and frequently result in employment upon graduation. An opportunity to manage a real-dollar portfolio is competitively available to qualified students who are admitted to the upper-level portfolio management class sequence. In the portfolio management classes, students will master the art of stock investing, including the buying and selling of actual equities using money donated by WIU alumni specifically for the portfolio management classes.

Department Minors

  • Accountancy
  • Finance

Additional Resources

Alumni Job Titles

Within 5 Years of Graduation
  • Assistant Vice President - Lending
  • Certified Management Accountant
  • Certified Residential Appraiser
  • Compliance Associate
  • Credit Analyst
  • Financial Advisor
  • Leadership Management Trainee
  • Mortgage Banker
  • Registered Representative
5+ Years Past Graduation
  • Assistant VP and Senior Trust Officer
  • Business Application Developer
  • Business/Investment Analyst
  • Certified Financial Analyst
  • Certified Financial Planner
  • Certified General Appraiser
  • Financial/Investment Analyst
  • Portfolio Manager
  • President/CEO

Employers Alumni

  • Ameriprise Financial
  • Aon Hewitt Investment Consulting, Inc. (formerly Hewitt EnnisKnupp)
  • Archer Daniels Midland (ADM)
  • BMO Harris
  • Doosan Infracore International
  • Edward Jones
  • First Bankers Trust Company
  • Kovitz Investment Group, LLC
  • MAKE Corporation
  • MB Financial Bank
  • Met Life
  • Mid America National Bank
  • Midland States Bank
  • Modern Woodman Bank
  • Neader Financial Services
  • Northwestern Mutual
  • PNC Mortgage
  • Rally Appraisal
  • RR Donnelley Client Services
  • State Farm
  • USAC
  • Vantage Financial Partners
  • Wells Fargo Advisors

Please refer to the undergraduate catalog for detailed program information and course requirements.

Course Descriptions


101 Financial Health. (2) (General Education/ Human Well-Being) Develops strategies for achieving and maintaining well-being through personal finance skills. Topics include well-being as it relates to cash management, credit management, sources of educational funding, rental agreements, basic investments, taxes, insurance, financial math, and career planning. Cannot be applied towards meeting the requirements for the Finance major or minor.

301 Personal Financial Planning. (3) An introductory personal money management course. Topics studied will include managing cash income, home ownership, investments, insurance, income and estate tax planning, and retirement planning.

311 Introduction to Finance. (3) Introductory course in the study of money and its management for non-business majors. The course is divided into three sections that encompass the major areas of Finance: financial institutions and markets, investments, and business finance. Not available to students who are currently enrolled in or have completed FIN 331. Prerequisite: MATH 100 or higher.

321 Principles of Real Estate. (3) The study of real estate with an emphasis on a broad coverage of all areas including but not limited to markets, legal concepts, financing, brokerage, appraising, and governmental influence.

331 Financial Management I. (3) Financial organization and the principles and practices of decision-making involving financial analysis, valuation, capital allocation, and budgeting. Cases and readings are utilized to study problems and techniques of financial analysis. Prerequisite: ACCT 201.

341 Financial Institutions. (3) A study of the major financial institutions including commercial banks, savings institutions, credit unions, mutual funds, insurance companies, securities firms, finance companies, and pension funds. Prerequisite: MATH 100 or higher.

351 Risk Management and Insurance. (3) The primary focus of this course is evaluating various loss exposures and analyzing the methods for managing these risks including personal lines of insurance such as auto, homeowners, life, annuity, retirement plans, and related items. Prerequisite: MATH 100 or higher.

371 Investments. (3) Presents a foundation in investments examining various types of financial instruments, the issuance and trade of securities, mutual funds, theory of risk and return, modern portfolio theory, capital asset pricing model, bond prices and yields, bond portfolios, and equity analysis. Prerequisite: MATH 100 or higher.

400 Finance Internship. (1–12, repeatable to 12) Students apply finance theories in actual business practice. All internships are academically and professionally supervised. A maximum of 3 s.h. may be used to satisfy the Finance major or minor requirements. Prerequisites: Finance major or minor, minimum junior standing. 2.75 GPA, 9 s.h. of Finance coursework, and written approval of the department chairperson. Graded S/U only.

421 Real Estate Finance and Investment. (3) The study of instruments, techniques, and institutions of real estate finance. This course analyzes mortgage and property investment risk, the secondary mortgage market, and the financial arrangements used in the financing of residential, industrial, and commercial properties, including commercial leasing. Prerequisite: FIN 321 or permission of instructor.

431 Financial Management II. (3) Theories and practices applicable to the financial administration of the firm involving cost of capital, financial structure, dividend policy, long- and short-term financing, reorganization, and international aspects. Cases and readings are utilized to study problems and techniques of financial analysis. Prerequisite: FIN 311 or 331.

441 Bank Management. (3) A study of the functions, operations, policies, organization, management, and supervision of commercial banks. Case analysis is used to predict the financial health of operational individual banks. Prerequisite: FIN 341.

451 Foundations of Estate Planning. (3) This course covers various estate planning techniques to mitigate the financial risks associated with the transfer of wealth during lifetime and at death. Wills and trusts are discussed. Techniques for reducing, freezing, or eliminating gift and estate taxes are explained. Prerequisite: FIN 351 or permission of instructor.

452 Commercial Property and Liability Insurance. (3) The study of risk management techniques and concepts as they relate to commercial lines. Insurance and noninsurance techniques (such as fidelity and surety bonding) as they are used to deal with business risks are examined. Prerequisite: FIN 351 or permission of instructor.

460, 461 Independent Study in Finance I, II. (1–3 each, not repeatable) Prerequisite: Finance major or minor, 2.75 GPA or higher, 12 s.h. of Finance coursework, and written permission of instructor and chairperson.

471 Security Analysis and Portfolio Management. (3) Students will manage an actual investment portfolio making buy/sell recommendations to strategically fit the portfolio. The topics include basics of portfolio theory, application of capital asset pricing model, financial statement analysis, relative valuation techniques, and absolute valuation models. Prerequisite: grade of B or better in either FIN 371 or ACCT 341, and permission of instructor.

Seminars in Finance. (3) Each offering in this series is designed to provide students with an opportunity for intensive study in current theory and unresolved problems in the selected area. Open to Finance majors or minors in their senior year.

493 Seminar in Banking. (3) This bank course integrates a risk/reward framework based on theory with an intensive study of current issues. Unresolved problems are discussed as they relate to the financial industry both domestically and abroad, the regulatory environment, and the economy. Open to Finance majors or minors in their senior year. Prerequisite: FIN 341.

495 Seminar in Real Estate. (3) Open to Finance majors or minors in their senior year. Prerequisite: FIN 321 or permission of instructor.

496 Futures and Options Markets. (3) The course presents a foundation in futures and options contracts examining the types of contracts, structure of the markets, pricing of contracts, and applications in risk management. Prerequisite: FIN 311 or 331 or equivalent.

497 International Financial Management. (3) (Global Issues) This course presents the globalization factors, tools, and techniques encountered/employed by a corporation’s financial management team. Content examples include differing country-specific economic strengths, political risks, tax systems, exchange rate risks, and methods to reduce these risks. Prerequisite: FIN 311 or 331.


Department of Accounting and Finance

Dr. Gregg S Woodruff, Chairperson
Location: Stipes Hall 431
1 University Circle
Macomb, IL 61455-1390
Phone: (309) 298-1152
Fax: (309) 298-2952

Accounting and Finance Website

Accounting and Finance Directory

College of Business & Technology (CBT)

Dr. John A. Elfrink, Interim Dean
CBT Email:
Location: Stipes Hall 101
1 University Circle
Macomb, IL 61455-1390
Phone: (309) 298-2442
Fax: (309) 298-1039

CBT Website

CBT Directory

Accounting and Finance Advising

Andrea Riebling, Academic Advisor
Business Disciplines (A-I)

Chris Ramsey, Academic Advisor
Business Disciplines (J-L)

Sara Lytle, Director/Academic Advisor
Business Disciplines (M-O)

Anna James, Academic Advisor
Business Disciplines (P-Z)

Macomb: Stipes Hall 133
Phone: (309) 298-1619
Website: Stipes Hall Advising

Ashley Wilkinson, Academic Advisor
Quad Cities Campus
Quad Cities: QC Riverfront 109
Phone: (309) 762-5787
Website: Quad Cities Advising

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