Finance Degree for Jobs in Alabama


With total assets of more than $227 billion at the end of 2014, the banking industry is thriving in Alabama. According to the State Banking Department, the banking sector is expected to see continued growth in the coming years. Alabama is also home to offices for many of the world’s most successful wealth management and brokerage firms, as well as top local and regional financial services firms. 

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Degrees for Finance Majors in Alabama

Alabama’s respected business schools offer finance degrees at all levels through conventional campus-based programs for full time students, while also offering convenient online options for working professionals.

Associate’s Degrees in Finance – Designed for those seeking entry-level finance jobs as

securities, commodities, and financial services sales agents, among others:

  • Associate of Science in Business, Banking and Finance option
    • Located in Phenix City
    • 72 Credit Program
  • Associate of Science in Finance
    • Online
    • 68 Credit Program
  • Associate of Science in Business Studies with a concentration in Finance
    • Located in Birmingham, online option
    • 60 Credit Program

Bachelor’s Degrees in Finance – Designed for those preparing to become loan officers, personal financial advisors, financial analysts and more:

  • Bachelor of Science in Finance
    • Located in Tuscaloosa
    • 120 Credit Program
  • Bachelor of Science in Global Business Finance
    • Located in Troy
    • 120 Credit Program 
  • Bachelor of Science in Finance
    • Located in Auburn
    • 123 Credit Program
  • Bachelor of Science in Finance
    • Located in Mobile
    • 122 Credit Program
  • Bachelor of Science in Finance
    • Located in Jacksonville
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in Montgomery
    • 121 Credit Program
  • Bachelor of Science in Finance
    • Located in Birmingham
    • 120 Credit Program

Master’s Degrees in Finance – Designed for those seeking management and director-level positions in corporate finance:

  • Master of Science in Finance
    • Located in Tuscaloosa
    • 30 Credit Program
  • Master of Science in Finance
    • Located in Auburn
    • 30 Credit Program
  • Master of Science in Finance
    • Online
    • 56 Credit Program

Graduate Certificates in Finance – Designed for professionals with a business background interested in specializing in finance:

  • Graduate Certificate in Finance
    • Located in Orange Beach
    • 12 Credit Program
  • Graduate Certificate in Financial Markets & Institutions
    • Online
    • 12 Credit Program
  • Graduate Certificate in Applied Finance
    • Online
    • 11 Credit Program

MBAs in Finance – Designed for those preparing to become financial managers, controllers and other specialists in corporate finance:

  • MBA in International Business and Finance
    • Located in Troy
    • 36 Credit Program
  • MBA with a concentration in Finance
    • Located in Birmingham
    • 39-48 Credit Program
  • MBA with a concentration in Finance
    • Located in Florence
    • 34 Credit Program

Doctorates in Finance – Designed for those preparing to be CFOs, educators, consultants, and experts in the finance field:

  • Doctor of Philosophy in Finance
    • Located in Tuscaloosa
    • 72 Credit Program
  • Doctor of Business Administration with a specialization in Finance
    • Online
    • 82 Credit Program
  • Doctor of Philosophy in Management with a specialization in Finance
    • Online
    • 82 Credit Program

Alabama’s Top Financial Services Firms

According to Forbes, some of Alabama’s top financial services firms include:

  • UBS Financial Services located in Birmingham - $695 billion in assets under management
  • Regions Financial Corporation located in Birmingham - $122 billion in assets under management
  • BBVA Compass located in Birmingham - $65 billion in assets under management
  • Kelley & Mullis Wealth Management, Inc. located in Birmingham - $50 billion in assets under management

Salary Expectations for Finance Professionals in Alabama

The Alabama Department of Wage Information shows that the many professionals working in Alabama’s financial institutions earn top salaries. Salaries may vary based upon the size of the company, location of the company, and the amount of education and experience an employee possesses.

The following list shows the bottom 10 percent average, the overall average salary, and the top 10 percent average for each finance occupation:

  • Financial Managers
    • 65,320; 119,970; 187,199*
  • Financial Specialists
    • $30,000; $69,600; $104,700
  • Budget Analysts
    • $44,020; $70,690; $103,600
  • Financial Analysts
    • $39,930; $85,590; $163,060
  • Personal Financial Advisors
    • $40,900; $109,190; $187,199*
  • Financial Examiners
    • Estimate Not Available
  • Loan Officers
    • $35,600; $66,580; $112,720
  • Securities, Commodities, and Financial Services Sales Agents
    • $27,730; $78,060; $178,280

*The annual salary is equal to or greater than $187,199. The US Bureau of Labor Statistics does not report salary data greater than this value.

Job Growth Projections for Finance Professionals in Alabama

According to the U.S. Department of Labor, in Alabama the following finance jobs will experience moderate growth during the projection period between 2012 and 2022:

  • Financial Managers – 370 positions added, 8 percent growth
  • Budget Analysts – 70 positions added, 5 percent growth
  • Financial Analysts – 100 positions added, 14 percent growth
  • Personal Financial Advisors – 300 positions added, 27 percent growth
  • Financial Examiners – 10 positions added, 3 percent growth
  • Loan Officers – 220 positions added, 7 percent growth
  • Securities, Commodities, and Financial Services Sales Agents – 200 positions added, 10 percent growth

 

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