Finance Degree for Jobs in Connecticut


In 2015, the U.S. Census Bureau named the insurance and financial services industry as Connecticut’s top employer, with an annual payroll of over $16 billion in 2014 alone. In addition to successful local and regional firms, many of the largest international wealth management and investment firms are located here, along with headquarters for some of the largest insurance companies in the country. Connecticut’s finance professionals also enjoy salaries that are well above the national average.

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Finance Degrees Available Through State Schools and Private Universities

In addition to being an exciting place to work, Connecticut is also a great place to prepare for your career by getting a degree in finance. Colleges and universities here offer numerous options at the associate’s, bachelor’s and master’s level.

Associate’s Degrees in Finance – Designed for those seeking entry-level jobs in corporate finance or looking to enter brokerage firms as Series 7 licensed securities, commodities, and financial services sales agents, and more:

  • Associate Degree in Insurance & Financial Services
    • Located in Norwalk
    • 60 Credit Program
  • Associate of Science in Finance
    • Online
    • 60 Credit Program
  • Associate of Science in Financial Management
    • Online
    • 64 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 Fairfield
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in Storrs
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in Willimantic
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in Bridgeport
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in New Britain
    • 120 Credit Program
  • Bachelor of Science in Finance
    • Located in Danbury
    • 120 Credit Program

Master’s Degrees in Human Resources – Designed for those seeking management and director-level positions and more in corporate finance and investment firms:

  • Master of Science in Finance & Investment Management
    • Located in Fairfield
    • 33 Credit Program
  • Master of Science in Financial Risk Management
    • Located in Storrs
    • 33 Credit Program
  • Master of Science in Finance
    • Located in Fairfield
    • 30 Credit Program

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

  • Graduate Certificate in Corporate Finance
    • Located in Fairfield
    • 36 Credit Program
  • Graduate Certificate in Finance
    • Located in New Haven
    • 12 Credit Program
  • Graduate Certificate in Financial Markets & Institutions
    • Online
    • 12 Credit Program

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

  • MBA with a concentration in Finance
    • Located in Storrs
    • 57 Credit Program
  • MBA with a concentration in Finance
    • Located in Bridgeport
    • 30 Credit Program
  • MBA with a concentration in Financial Analysis
    • Located in Hamden
    • 46 Credit Program
  • MBA with a concentration in Finance
    • Located in West Haven
    • 30-48 Credit Program

Doctorates in Finance – Designed for those preparing to become consultants or university researchers and professors:

  • Doctor of Business Administration in Finance
    • Located in Fairfield
    • 45 Credit Program
  • Doctor of Philosophy in Finance
    • Located in Storrs
    • 59 Credit Program
  • Doctor of Philosophy in Finance
    • Located in New Haven
    • 84 Credit Program

Connecticut’s Top Finance Firms

As the number one employment industry in Connecticut, insurance and financial firms are a large part of the state’s economy. According to Forbes, some of the largest and most successful financial institutions in Connecticut include:

  • Hartford Financial Services – Located in Hartford, $93.6 billion in assets under management
  • People’s United Financial, Inc. – Located in Bridgeport, $15.6 billion in assets under management
  • Webster Financial Corp – Located in Waterbury, $11.9 billion in assets under management
  • Symmetry Partners – Located in Glastonbury, $4.1 billion in assets under management
  • Federal Street Partners – Located in Stamford, $1.8 billion in assets under management

Salaries for Connecticut’s Finance Professionals

According to Connecticut’s Department of Occupational Employment and Wages, financial professionals earn some of the best salaries in the business. The following list shows the bottom 10 percent average, the average salary, and the top 10 percent average:

  • Financial Managers
    • $72,860; $140,980; $187,199*
  • Financial Specialists
    • $36,300; $61,400; $101,600
  • Budget Analysts
    • $56,900; $78,520; $100,170
  • Financial Analysts
    • $54,580; $99,780; $187,050
  • Personal Financial Advisors
    • $50,870; $134,570; $187,199*
  • Financial Examiners
    • $52,910; $87,180; $136,210
  • Loan Officers
    • $34,300; $77,500; $139,220
  • Securities, Commodities, and Financial Services Sales Agents
    • $40,450; $141,870; $187,199*

*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 Connecticut

The U.S. Department of Labor has estimated that the financial field in Connecticut will see considerable job growth during the ten-year projection period of 2012-2022:

  • Financial Managers – 850 positions added, 6 percent growth
  • Financial Specialists – 50 positions added, 3 percent growth
  • Budget Analysts – 80 positions added, 8 percent growth
  • Financial Analysts – 1,120 positions added, 18 percent growth
  • Personal Financial Advisors – 1,320 positions added, 27 percent growth
  • Financial Examiners – 10 positions added, 1 percent growth

 

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