Finance Programs in Arizona
Finance Schools in Arizona
Online Finance Programs:16
Average Scholarship Package:$3,977
Average Grant Amount:$5,317
Average Housing Cost:$5,502
Average Gender Ratio:41% Men / 57% Women
Average Student-to-Faculty Ratio:18:1
Seventeen schools in Arizona offer finance degrees. Of these schools, ten offer an Associate’s degree in finance. One school offers a certificate in finance. Ten offer a Bachelor’s degree in finance, eight offer Master’s degrees in finance, and five offer PhD programs in finance.
There are many study abroad opportunities for Arizona finance students. Seven schools offer study abroad programs, including Northern Arizona University, Arizona State University, and Grand Canyon University.
Some of the most popular schools in Arizona for finance students are University of Arizona, Arizona State University, and Eastern Arizona College. University of Arizona and Arizona State University have high acceptance rates in addition to weekend and online classes, making them appealing options for non-traditional students. Eastern Arizona College has the most affordable tuition, at $960 per semester for both resident and non-resident students.
Class and degree requirements are very similar between colleges in Arizona. An Associate’s degree in finance takes approximately two years (four semesters) for a full-time student, as a finance associate program requires about 60 credits. A finance Associate’s degree includes classes in Accounting Principles, Business Calculations, Business Law, and Investments. This is in addition to lower-level general education requirements including English classes, general math courses, and humanities courses.
Some colleges that offer Bachelor’s degrees in finance, such as Arizona State University, offer finance as a complementary major. A second major must be chosen; it may be another business major or a major outside of the business program. The classes required for a Bachelor’s degree include Calculus, Mathematics for Business Analysis, Managerial Accounting, Macroeconomic Principles, and Business Statistics.
Many colleges, such as Northern Arizona University, have stringent academic requirements for finance students. Getting below a C in accounting or finance classes may be grounds for being dropped from the program. At Northern Arizona University, finance majors must also choose a certificate, more upper-level business courses, or a minor outside of the business school.
Master’s degrees in finance have various specialization tracks you can pursue. These specializations include Investment Management, Fixed Income, Corporate Finance, and Real Estate Finance. These programs generally take two years to complete, as they require 30 credit hours in course work and six credit hours of thesis work. Many Master’s programs in finance require or at least give students the option to take summer semester courses in order to graduate more quickly.
Those who pursue licensure as a stockbroker in Arizona must register with the Arizona Securities Commission. This is after passing a Series 63 or 66 exam and an exam that focuses on the product that they will sell. Stockbrokers must also keep up with two aspects of continued education: a computerized refresher course that is taken after two years and then every three years, and a Firm Element. This requires firms to inform agents of changes in the industry.
Selling life insurance and fixed annuities in Arizona also requires a license. You must pass a Prometric life insurance producer exam and then maintain 40 hours of continuing education every two years.
To become an Investment Adviser Representative, you must register with the Arizona Corporation Commission’s Securities Division. This requires you to pass the Series 65 exam or the Series 7 and 66 exam.
Thanks to a unique makeup of residents in Arizona, outlook is good for finance degree holders. There is a larger-than-average percentage of people nearing retirement age, meaning that there are many individuals who require assistance in preparing for retirement and cautiously managing their funds. There is also a larger-than-average percentage of children under five years of age, which means that there is a glut of parents who will soon be investing and saving for children’s college funds.
Many investment firms have locations in Arizona, giving finance graduates a wide variety of places to apply for work. Some of the biggest employers include Edward Jones, Genworth Financial, Northern Trust Corporation, and WealthTrust Arizona.
As of May 2020, finance professionals in Arizona earned the following average salaries:
- Financial analysts: $82,380
- Financial managers: $129,760
- Personal financial advisors: $93,620
Between 2018 and 2028, the number of jobs among the state’s financial analysts is projected to decrease by 2.8%, resulting in about 30 annual job openings during this ten-year period when combined with retirements and natural job turnover.
Between 2018 and 2028, the number of jobs among the state’s financial managers is projected to increase by 28.8%, resulting in about 580 annual job openings during this ten-year period when combined with retirements and natural job turnover.
Between 2018 and 2028, the number of jobs among the state’s personal financial advisors is projected to increase by 13.2%, resulting in about 240 annual job openings during this ten-year period when combined with retirements and natural job turnover.
May 2020 Bureau of Labor Statistics salary and job market trends for financial analysts, financial managers, and personal financial advisors. Figures represent state data, not school specific information. Conditions in your area may vary. Data accessed April 2021.
Job growth projections for financial and investment analysts, financial managers, personal financial advisors sourced from the U.S. Department of Labor-sponsored O*Net database and based on state-specific information (2018-2028)