Finance Programs in Tennessee
Finance Schools in Tennessee
Online Finance Programs:21
Average Scholarship Package:$8,250
Average Grant Amount:$11,666
Average Housing Cost:$4,505
Average Gender Ratio:44% Men / 55% Women
Average Student-to-Faculty Ratio:19:1
Tennessee has a wide variety of colleges and universities. Twenty-three of those schools have programs in finance. There are six schools with Associate’s degrees in finance and all 23 schools have Bachelor’s degrees in finance. Master’s degrees in finance are available at 19 Tennessee colleges. Students who want to earn a PhD in finance can get it at nine Tennessee schools.
Some of the best finance colleges in the country are in Tennessee. Three popular finance schools in Tennessee are at Vanderbilt University, the University of Tennessee, and East Tennessee State University. Vanderbilt University is the most selective of these three, with an acceptance rate of 14%. The other two schools have acceptance rates over 60%.
Average tuition at a Tennessee finance school is $18,628. Higher tuition is typical for states on or near the coast. The average scholarship package is $11,666, making it easier for students to afford a Tennessee education.
Earning an Associate’s degree in finance has many benefits. This degree takes about two years from start to finish. Upon graduating, you can work as a financial clerk, bookkeeper, or in a wide range of entry-level finance careers. Schools with Associate’s degrees, such as Hiwassee College, include general education coursework. In addition to classes like Personal Finance and Introduction to Finance, students take courses in basic math, English, and social sciences.
Most students who want to earn a degree in finance go for a Bachelor’s degree in finance. It takes four years to finish a Bachelor’s degree in finance, and students graduate prepared for a high-level career in finance or graduate school. Some schools require students to choose a concentration or specialty; others, like Middle Tennessee State University, do not.
This degree requires students to complete a minimum of 120 credits. Students take classes like International Financial Management, Real Property Valuation, and Problems in Government Finance. Many students choose to complete an internship in finance to improve their prospects in the job market.
Another option for students with Bachelor’s degrees in finance is a Master’s degree in finance. This takes about two years of study beyond a Bachelor’s degree. Students may focus on International Finance, Corporate Finance, or Personal Financial Planning. A Master’s degree prepares students for leadership roles in financial institutions.
Most entry-level careers pursued by Associate’s degree holders do not require additional licensure or examination. However, there are several higher-level finance careers that do require licensure in Tennessee: investment advisors, stockbrokers, and financial planners.
To become an investment advisor in Tennessee, you must be licensed by the Securities Division of the Department of Commerce. Applicants must pass the Series 65 exam or the Series 66 and Series 7 exams. Exceptions are made for applicants who have had their license in another state or who have another professional designation.
Stockbrokers in Tennessee also register with the Securities Division. They have to pass the Series 63 or 66 exams in addition to the Series 6 or 7 exam. Continuing education is required every two years for stockbrokers.
Financial planners that sell life insurance and fixed annuities are registered with the Tennessee Insurance Division. Applicants have to take a 20-hour course in insurance and pass the life insurance licensing exam. Every two years, insurance producers must complete 24 hours of continuing education.
As of May 2020, finance professionals in Tennessee earned the following average salaries:
- Financial analysts: $69,560
- Financial managers: $114,930
- Personal financial advisors: $85,500
Between 2018 and 2028, the number of jobs among the state’s financial analysts is projected to increase by 14.2%, 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 financial managers is projected to increase by 22.8%, resulting in about 1,840 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 15.3%, resulting in about 340 annual job openings during this ten-year period when combined with retirements and natural job turnover.
There are many large financial firms in Tennessee, offering plenty of career opportunities to finance graduates. Large finance employers in Tennessee include Republic Finance, Lend Lease, and Robert Half Finance & Accounting.
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)