2020-2021 Undergraduate Catalog Finance, Insurance and Law

434 State Farm Hall of Business
Campus Box 5480

(309) 438-8777
Business.IllinoisState.edu

Chairperson: Domingo Joaquin

College of Business Program Information

Majors in the Department of Finance, Insurance, and Law follow the requirements and standards for all programs in the College of Business:

Course Finder

Honors in Finance, Insurance and Law

  • Maintain a 3.30 overall Illinois State University GPA or 3.60 GPA in last 60 hours at Illinois State University
  • Maintain a 3.50 major GPA
  • Complete 9 hours of approved FIL honors coursework
  • Complete either FIL 370, Educational Investment Fund, or FIL 299, Honors Independent Study
  • Fulfill the general requirements for participation in the University Honors Program
  • Refer to the Honors Program website for further details. 

Finance, Insurance and Law Programs

Degree Offered: B.S.

Major in Finance

The major in Finance develops the skills necessary to work in all areas of finance: corporate financial management, management of financial institutions, personal financial planning and investments. The major offers sequences which prepare students to take professional certification exams for the “Chartered Financial Analyst” and the “Certified Financial Planner” (CFA and CFP) designations. It also offers students a transformational experience in investment management involving student management of a $500,000 portfolio of equity securities and a $1,000,000 portfolio of fixed-income funds, with guidance and inspiration from investment professionals from corporate friends like COUNTRY Financial, State Farm Mutual Insurance and Wells Fargo.

Students in the Finance major must complete one of the following sequences.

General Finance Sequence

View General Finance Sequence Course Requirements

Major in Risk Management and Insurance

The major in Risk Management and Insurance develops skills necessary to help identify, evaluate and manage key risks, including natural disasters and man-made catastrophes. The Insurance Major-Business Information Systems (BIS) Sequence is particularly appropriate for students preparing for careers in information systems within the insurance industry. Based on an A.M. Best survey of insurance employers, Illinois State University has been ranked in the top four undergraduate programs in risk management and insurance in the United States. The program is committed to the preparation of future industry leaders by supporting strong industry involvement with our students, innovative teaching by outstanding faculty, cutting-edge applied research, and a student-centered learning environment.

Students in the Risk Management and Insurance major must complete one of the following sequences.

Risk Management and Insurance Sequence

View Risk Management and Insurance Sequence Course Requirements

Insurance-Business Information Systems (BIS) Sequence

View Insurance-Business Information Systems (BIS) Sequence Course Requirements

Minor in Financial Planning

18 total hours required

Notes

  • All required courses must be completed with a grade of C or better. 
  • No more than 9 hours from major program of study may be applied to minor.

  • Non-business majors will have a total of 30 credit hours required including prerequisites (24 credit hours in business and 6 credit hours of economics)

Prerequisites for required courses:

Minor in Insurance

18 total hours required

Take 3 courses from the following 

Notes

At least half of the credit hours (minimum of nine credit hours) for a minor must be distinct from any hours the student counts toward a major within the same department or school.