Finance Programs in New York
New York is one of the biggest financial states in the United States, so it's no surprise that there are 71 schools that offer finance degrees. For students interested in an Associate's degree, there are 39 schools to consider. There are 53 schools that offer Bachelor's programs in finance, and 47 schools with Master's programs in finance. Twenty-five schools offer PhD-level programs and two schools have certificates in finance.
Average tuition in New York is $20,146 for one year, which is on par with other New England states. It is more expensive than other areas, but scholarships and grants make it much more affordable to go to school in New York.
There are many excellent finance programs in New York. However, the top three finance schools in the state are located at New York University, University of Rochester, and Syracuse University. These schools are fairly competitive, with acceptance rates from 35% to 51%.
Earning an Associate's degree is a great first step for students who want to earn a degree quickly with minimal debt. This degree takes about two years, and students will leave prepared for many entry-level jobs. Courses at schools like Technical Career Institute include Accounting Technology, Introduction to Finance, and Business Management. Many Associate's degrees have credits that will transfer to a four-year degree.
Bachelor's degrees in finance cover a wide selection of finance topics and allow students to focus on finance topics that they enjoy. Syracuse University has a Bachelor's program in finance that prepares students for a multitude of finance careers. They also offer the chance to take double majors, which increases a student's prospects on the job market. Classes at this degree level include Qualitative Finance, International Finance, Corporate Finance, and Acquisitions & Mergers. A Bachelor's degree in finance will take most students about four years to complete. If you choose to do a double major program, you may need to take more credits and stay in school longer.
Earning a Master's degree in finance is the natural next step for many finance professionals. Many employers will pay for employees to earn their Master's degree in finance if it can be used on the job. The Master's program at Syracuse University includes courses in several different areas: statistics, accounting, economics, risk management, real estate, and corporate finance. Students also get the unique opportunity to work in a trading room, giving them hands-on experience in finance. Courses at this level include Investment Analysis, Financial Management, and Linear Statistics Models. Most students take two years to complete a Master's degree, as they are doing it at the same time as working full-time. If you go to school full-time, you may be able to complete it in one year.
While many entry-level financial careers do not require a license, there are several financial careers that do require extra examination and licensure in New York. Investment advisors, stockbrokers, and financial planners that sell life insurance and fixed annuities must all be licensed before working.
To work as an investment advisor in New York, you must be registered with the Investor Protection Bureau. Applicants can choose to take the Series 65 exam or the Series 66 and 7 exams.
Stockbrokers in New York also register with the Investor Protection Bureau. They must also pass at least two examinations before working. You must take the Series 7 exam, and then the Series 3, 6, 22, or 62 exam.
To sell life insurance and fixed annuities in New York, which classifies you as a financial planner, you must be licensed with the New York State Insurance Department. Prior to licensure, you have to take a 40-hour course approved by the Insurance Department.
According to the Bureau of Labor Statistics, New York salaries for financial professionals are significantly higher than national averages. Those who have Bachelor's or Master's degrees can work as credit counselors, loan officers, or credit analysts. Salaries for these careers range from $51,950 for credit counselors to $116,950 for loan officers. Associate's degree holders working in entry-level careers can earn between $36,530 and $47,970.
Some of the main finance employers in New York include Robert Half Finance & Accounting, Mass Mutual, Global Placements International, and Regions Financial Corporation.