Finance Degree for Jobs in Arkansas


The Federal Insurance Corporation (FDIC) has reported that after a few stagnant years (2010-2013), Arkansas’s financial services sector is set to experience significant growth as the state’s economy rebounds and consumer investment continues to rise. The total assets of Arkansas-based banks reached $64.941 billion in September of 2014, a number that is only expected to grow considerably in the coming years. 

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Degrees Available to Finance Majors in Arkansas

Arkansas’s business schools offer finance degrees at all levels, which are available through both online and traditional campus based programs. Whether you’re just starting out or looking to advance your current career, a degree that fits your specific needs can be found in one of Arkansas’ business schools.

Associate’s Degrees in Finance – Designed for those seeking entry-level corporate finance jobs as well as securities, commodities, and financial services sales agents, among others:

  • Associate of Applied Science in Business Management with a concentration in Banking and Finance
    • Located in Bentonville, online option
    • 60 Credit Program
  • Associate of Science in Business with a concentration in Finance
    • Located in Hot Springs National Park
    • 62 Credit Program
  • Associate of Arts in Business Administration with a focus in Finance
    • Located in Little Rock, online option

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 Fayetteville
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in Little Rock
    • 120 Credit Program
  • Bachelor of Science in Finance with an emphasis in Financial Management or Banking
    • Located in Jonesboro
    • 120 Credit Program
  • Bachelor of Business Administration in Finance
    • Located in Conway
    • 120 Credit Program
  • Bachelor of Business Administration in Finance
    • Located in Magnolia
    • 120 Credit Program
  • Bachelor of Science in Economics and Finance
    • Located in Russellville
    • 120 Credit Program
  • Bachelor o Science in Finance
    • Located in Searcy
    • 128 Credit Program

Master’s Degrees in Finance – Designed for those seeking management and director-level positions in corporate finance, as well as wealth managers, investment analysts and more:

  • Master of Science in Finance
    • Located in Fayetteville
    • 37 Credit Program
  • Master of Science in Finance
    • Online
    • 56 Credit Program
  • Master of Science in Finance
    • Online
    • 39 Credit Program

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

  • Graduate Certificate in Financial Markets & Institutions
    • Online
    • 12 Credit Program
  • Graduate Certificate in Financial Analysis
    • Online
    • 21 Credit Program
  • Graduate Certificate in Applied Finance
    • Online
    • 12 Credit Program
  • Graduate Certificate in Finance with a concentration in Corporate Finance
    • Online
    • 27 Credit Program

MBAs in Finance – Designed for those preparing to become financial managers, CFOs and other business leaders in corporate finance and more:

  • MBA with a concentration in Finance
    • Located in Fayetteville
    • 48 Credit Program
  • MBA with a concentration in Finance
    • Located in Conway
    • 30 Credit Program
  • MBA with a concentration in Finance
    • Located in Jonesboro, online option
    • 33 Credit Program
  • MBA with a specialization in Finance
    • Located in Little Rock, online option
    • 36 Credit Program
  • MBA with a concentration in Finance
    • Located in Magnolia
    • 30 Credit Program

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

  • Doctor of Philosophy in Finance
    • Located in Fayetteville
    • 42 Credit Program
  • Doctor of Philosophy in Financial Management
    • Online
    • 60 Credit Program
  • Doctor of Business Administration with a specialization in Finance
    • Online
    • 82 Credit Program

The Largest Employers of Finance Professionals in Arkansas

According to professors and economic experts at the University of Arkansas, the state will experience moderate economic improvement in 2015 due to growth in many industries, including finance. A few of the largest financial institutions in Arkansas to contribute to this economic growth include:

  • Signature Private Wealth Management located in Fayetteville - $500 billion in assets under management
  • Arvest Bank Operations, Inc. located in Bentonville - $15 billion in assets under management
  • Raymond James Financial, Inc. located in Little Rock - $70.9 billion in assets under management
  • Centennial Banking located in Conway - $8 billion in assets under management

Salary Expectations for Financial Professionals in Arkansas

It takes thousands of savvy financial professionals to make these large financial corporations successful. According to reports released by the Arkansas Department of Workforce Services, the average salaries for those who work in the Arkansas’ finance industry are quite competitive.

The following list shows the bottom 10 percent average, the overall average salary, and the top 10 percent average for a number of key finance jobs in Arkansas (US Bureau of Labor Statistics, 2014):

  • Financial Managers
    • $43,980; $107,650; $187,199*
  • Financial Specialists
    • $28,900; $41,400; $67,700
  • Budget Analysts
    • $30,320; $50,370; $77,820
  • Financial Analysts
    • $40,530; $67,550; $99,150
  • Personal Financial Advisors
    • $28,070; $82,400; $176,690
  • Financial Examiners
    • $36,850; $71,790; $107,000
  • Loan Officers
    • $32,650; $65,030; $105,260
  • Securities, Commodities, and Financial Services Sales Agents
    • $27,090; $86,000; $175,920

*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 Financial Professionals in Arkansas

The U.S. Department of Labor has estimated that the number of finance jobs in Arkansas will experience significant growth during the ten-year projection period between 2012 and 2022:

  • Financial Managers – 320 positions added, 9 percent growth
  • Financial Specialists – 90 positions added, 17 percent growth
  • Budget Analysts – 100 positions added, 17 percent growth
  • Financial Analysts – 90 positions added, 11 percent growth
  • Personal Financial Advisors – 140 positions added, 22 percent growth
  • Financial Examiners – 20 positions added, 11 percent growth
  • Loan Officers – 160 positions added, 7 percent growth
  • Securities, Commodities, and Financial Services Sales Agents – 110 positions added, 9 percent growth

 

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