Majors in the Department of Finance, Insurance, and Law follow the requirements and standards for all programs in the College of Business:
- 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.
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
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
Insurance-Business Information Systems (BIS) Sequence
Minor in Financial Planning
18 total hours required
- 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:
- ACC 233: A grade of C or better in ACC 131
- ACC 239: A grade of C or better in ACC 131
- FIL 220: ACC 131; ECO 101 and ECO 102
- FIL 242 (if taken as an option see above): FIL 190 or FIL 240
- FIL 250: No prerequisites
- FIL 342: ACC 233; FIL 220 or FIL 242; FIL 250
- FIL 345: FIL 220 or FIL 242; FIL 250
- FIL 371: FIL 342 and FIL 345 or conc. registration
Minor in Insurance
18 total hours required
Take 3 courses from the following
- FIL 342
- FIL 345
- FIL 350
- FIL 351
- FIL 352
- FIL 353
- FIL 354
- FIL 355
- FIL 380A04
- FIL 382
- FIL 398A10 (3 credit hours)
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.