Finance Programs in Oklahoma
Finance Schools in Oklahoma
Online Finance Programs:19
Average Scholarship Package:$4,774
Average Grant Amount:$6,951
Average Housing Cost:$4,089
Average Gender Ratio:48% Men / 51% Women
Average Student-to-Faculty Ratio:22:1
Oklahoma has 24 colleges and universities that offer finance degrees. Of those 24 schools, 12 schools have Associate’s degrees in finance. Fifteen schools have Bachelor’s level programs in finance, while 13 schools have Master’s degrees. Six schools have the PhD option and three schools have certificates in finance.
The average cost of tuition is $11,767, which may seem a little high for the Midwest. However, the vast majority of finance schools are clustered in and around Oklahoma City, explaining the higher tuition.
All of the finance schools in Oklahoma are high-quality. Three popular programs in the state are at the University of Oklahoma – Norman Campus, Oklahoma State University – Main Campus, and the University of Tulsa. The first two colleges have fairly high student acceptance rates. However, University of Tulsa is more competitive and only accepts 4% of applicants.
Each degree level has its own advantages. For instance, Oklahoma students who pursue an Associate’s degree in finance like the lower tuition cost and the fact that they graduate in two years. It’s also a good way to figure out if your chosen field is something you want to keep studying. Classes at this level include Income Tax, Payroll Administration, and Financial Accounting Applications.
Getting a Bachelor’s degree at an Oklahoma university is what many students choose to do. They like knowing that there are plenty of career options waiting for them when they finish. Some universities provide an overall education in finance. Others let students choose an area of concentration, as University of Tulsa does. The University of Tulsa gives students three specialty areas to choose from: General Finance, Corporate Finance, or Investments & Portfolio Management. Students take intensive courses like Working Capital Management, International Business Finance, and Investment Analysis.
A Master’s degree, like the one offered at University of Tulsa, may be earned on a part-time or full-time basis. Students who go full-time may complete their degree in less than two years. Going part-time may mean going to school for more than two years. Students can often choose a specialization. The University of Tulsa lets students choose from Corporate Finance, Investments and Portfolio Management, or Risk Management.
Before you graduate with your finance degree, it’s important to know which career field you want to go into. Some finance careers require additional licensure and examination, which can take time and keep you from working until you’ve been licensed. The three biggest licensed finance careers in Oklahoma are investment advisors, stockbrokers, and financial planners.
Investment advisors obtain their license from the Oklahoma Department of Securities. Applicants must pass the Series 65 exam; an alternative is passing both the Series 66 and Series 7 exams.
To become a stockbroker in Oklahoma, prepare to take two exams. First, you have to take one of the general Series 63 or 66 exams. Then, you have to take an exam that is specifically related to the products that you will be selling. After passing the exams, you register with the Oklahoma Department of Securities.
Financial planners that sell life insurance and fixed annuities get their license from the Oklahoma Insurance Department. Prior to licensure, you have to pass the state licensing exam. After becoming licensed, you have to do 24 hours of continuing education every two years.
As of May 2020, finance professionals in Oklahoma earned the following average salaries:
- Financial analysts: $87,360
- Financial managers: $121,090
- Personal financial advisors: $96,510
Between 2018 and 2028, the number of jobs among the state’s financial analysts is projected to increase by 6.5%, resulting in about 160 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 14.1%, resulting in about 680 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 7.3%, resulting in about 130 annual job openings during this ten-year period when combined with retirements and natural job turnover.
There are many businesses that hire finance graduates. Some of the main ones include AXA Advisors, Edward Jones, First State Investment Advisors, and Retirement Investment Advisors. Other major employers include Farmers Insurance, Maverick Trading, and Morgan Stanley Wealth Management.
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)