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Saint Xavier University offers unique graduate business program in Chicago's Loop

Establishes SXU's presence in downtown Chicago starting in January

Chicago (Nov. 16, 2006) – Saint Xavier University will begin offering a one-of-a-kind graduate program in Chicago’s Loop starting Jan. 8.

Saint Xavier will offer graduate classes in the Financial Fraud Examination and Management program in the Chicago Bar Association building at 321 S. Plymouth Ct. The U.S. Air Force and Chicago Police Department have enrolled students in the program to better train agents and officers in identity theft and financial and procurement fraud.

“Chicago is a major international center for business enterprise, and downtown Chicago is the center of that activity,” said Saint Xavier University President Judith A. Dwyer, Ph.D. “As a leading comprehensive Catholic university in the Midwest, it is important that Saint Xavier University have a downtown presence.” 

Saint Xavier’s program is the only classroom-based MBA program in financial fraud and identity theft in the country, said William Kresse, assistant professor and director of the Financial Fraud Examination and Management graduate program at Saint Xavier’s Graham School of Management. Kresse is a member of the Chicago Bar Association.

One of the newest graduate degrees at Saint Xavier University, the program combines elements of law enforcement, law, accounting and general business education. The need for financial fraud examiners is rapidly growing, largely due to new federal laws requiring auditors to take additional steps to identify fraud as well as new accounting standards enacted since the Enron scandal, Kresse said. As a result, the CFE credential has become one of the most in-demand certifications by employers in both government and industry.

After a nationwide search for the best program, the U.S. Air Force enrolled agents in Saint Xavier’s financial fraud examination and management program in August to train its special agents to detect procurement fraud. The Chicago Police Department also uses Saint Xavier’s program to train its officers in financial fraud and identity theft.

The certificate program, which consists of four 10-week classes, can be completed in less than a year and can be applied to a Master of Business Administration or a Master of Science in Finance. Classes meet in the evenings one night a week.

Kresse is the chair of the Association of Certified Fraud Examiners’ Higher Education Advisory Committee. He is also an attorney, a certified public accountant, a certified fraud examiner and certified forensic accountant, and a consultant in the areas of accounting, auditing, fraud, arbitration, and election law. 

The Loop location allows Saint Xavier to bring the program to more students.

Terrence M. Murphy, executive director of the Chicago Bar Association, said there are many benefits to the arrangement. “The Chicago Bar Association is delighted that Saint Xavier University will be offering evening graduate-level classes at the CBA Building. This location will give Saint Xavier an important Loop presence that will help raise its academic profile in the city. Saint Xavier offers several highly technical and specialized classes that will appeal to lawyers and law enforcement officials.”    

Saint Xavier Provost Dominick Hart agreed. “The partnership with the Chicago Bar Association allows Saint Xavier University to offer a needed and timely program to a range of students in an area that has become one of the largest campuses in Illinois. With this program, Saint Xavier University, Chicago’s oldest Catholic University, will join a number of its sister institutions in an area of the city from which it has been too long absent.”

Founded in 1846 by the Sisters of Mercy, Saint Xavier University is a comprehensive Catholic university serving approximately 5,700 students at its campuses in Chicago and Orland Park. The University offers 35 undergraduate majors and more than 40 graduate program options in arts and sciences, business, education and nursing with day, evening and weekend courses to fit busy schedules.

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Saint Xavier University, a Catholic institution inspired by the heritage of the Sisters of Mercy, educates men and women to search for truth, to think critically, to communicate effectively, and to serve wisely and compassionately in support of human dignity and the common good.

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3700 West 103rd Street, Chicago Ill. 60655 * 18230 Orland Parkway, Orland Park, Ill. 60467
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