Finance Programs in Arkansas
Finance Schools in Arkansas
Online Finance Programs:15
Average Scholarship Package:$5,508
Average Grant Amount:$8,569
Average Housing Cost:$3,950
Average Gender Ratio:45% Men / 54% Women
Average Student-to-Faculty Ratio:23:1
Arkansas has 17 universities and colleges that offer degrees in finance. Twelve of those schools offer Associate’s degrees in finance, while ten offer Bachelor’s degrees in finance. Seven have Master’s programs in finance and five offer PhD programs in finance.
Some of the most competitive schools in the country are in Arkansas, including Arkansas State University with only a 7% acceptance rate, University of the Ozarks with a 9% acceptance rate, and University of Arkansas at Pine Bluff with a 32% acceptance rate.
University of Arkansas has the most popular and well-renowned finance program in Arkansas, and in fact the entire university was listed as #128 on a list of Best Colleges in America. Batesville and Pine Bluff round out the top three finance programs in Arkansas.
The average length of time it takes to finish an Associate’s degree in finance is two years. Most Associate’s degrees in this field require students to finish 60 credits. Some of the classes included in an Associate’s degree include Principles of Accounting, Algebra, Macroeconomics, and Quantitative Analysis. South Arkansas Community College offers a bridge program that allows students with an Associate’s degree in finance to earn their Bachelor’s degree in finance.
Many Bachelor’s programs in finance require students to choose a concentration, including the University of Arkansas. Here, students can choose from five concentrations: Banking, Financial Management/Investments, Insurance, Personal Financial Management, and Real Estate.
University of Arkansas at Little Rock includes courses in Bank Financial Management, Investment Analysis, Real Estate Finance and Development Portfolio and Management. University of Arkansas at Little Rock students have a unique opportunity in their senior year—they get a chance to manage the $250,000 Ford Investment Trust. This school also offers specializations in Real Estate and Financial Services and Risk Management.
Different financial careers in Arkansas may require exams for people to get their licensure. Schools in Arkansas boast a very high success rate for their students that take these exams.
To become an Investment Adviser Representative, you must have a license. In order to get your license, you must pass either the Uniform Investment Adviser Law Examination or the General Securities Representative Examination with the Uniform Combined Law Examination. This is followed by registering with the Financial Industry Regulatory Authority’s Investment Advisor Registration Depository system.
Becoming a stockbroker requires you to register with the Arkansas Securities Department. To be a stockbroker, you must past two securities exams. These test your expertise on the Arkansas Securities Act. Exams include the Securities General Knowledge Examination and the Uniform Securities Agent State Law Examination. After passing these tests, you must submit a Form U-4 Uniform Application for Industry Registration with the Central Registration Depository system. Once you are a licensed stockbroker, you must keep up with licensing requirements two years after licensure and then every three years after that.
The Arkansas Insurance Department requires that financial professionals selling life insurance and fixed annuities to be licensed. You must partake in 36 hours of classroom instruction. Then you take the Arkansas Insurance Department Licensing Exam. Every two years, insurance providers need to have completed 24 hours of continuing education.
Growth for finance graduates is about the same in Arkansas as it is in the rest of the country. However, there are some unique areas for finance graduates to work. Arkansas has gone through significant economic growth in recent years, leading to a surge in business funds and a need for financial planners and analysts.
Additionally, there’s a high percentage of adults at retirement age, meaning that there is a great need for personal financial planners and retirement fund specialists. By 2030, experts estimate that there will be a high percentage of young children in Arkansas whose parents will be creating and investing in college funds.
Some of the largest finance employers in Arkansas include Stephens Inc., Edward Jones, First Command Financial Services, and Raymond James. These are large, national investment companies with offices in metropolitan areas of Arkansas.
As of May 2020, finance professionals in Arkansas earned the following average salaries:
- Financial analysts: $79,060
- Financial managers: $112,190
- Personal financial advisors: $91,960
Between 2018 and 2028, the number of jobs among the state’s financial analysts is projected to increase by 13.3%, resulting in about 120 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 21.6%, resulting in about 510 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 11.2%, resulting in about 110 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)