Finance Degree for Jobs in the District of Columbia


Economists from the Center for Regional Analysis at George Mason University have stated that Washington D.C. will continue to experience strong job growth in the finance field for the foreseeable future. Home to headquarters for many international financial firms, the Washington D.C. area is a promising place to begin or advance a career in finance. 

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Finance Degrees Available Through State Schools and Private Universities in DC

A number of respected business schools in the D.C. area offer degrees with a major in finance, both through online programs designed for working professionals and traditional classroom based programs for full-time students.

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

securities, commodities, and financial services sales agents, and more:

  • Associate of Science in Finance
    • Online
    • 60 Hour Program
  • Associate of Science in Accounting and Finance
    • Online
    • 60 Hour Program
  • Associate of Applied Science in Financial Support Services
    • Online
    • 60 Hour Program

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

  • Bachelor of Business Administration in Finance
    • Located in Washington, D.C.
    • 120 Hour Program
  • Bachelor of Science in Finance
    • Located in Washington, D.C.
    • 120 Hour Program
  • Bachelor of Science in Business with a concentration in Finance
    • Located in Northeast Washington, D.C., Online option
    • 120 Hour Program
  • Bachelor of Science in Finance
    • Located in Northeast Washington, D.C.
    • 120 Hour Program
  • Bachelor of Science in Business Management with a concentration in Finance
    • Located in Northwest Washington, D.C.
    • 120 Hour Program

Master’s Degrees in Finance – Designed for those seeking management and director-level positions in corporate finance or investment firms, among other positions:

  • Master of Science in Finance
    • Located in Washington, D.C.
    • 48 Hour Program
  • Master of Science in Finance
    • Located in Washington, D.C.
    • 33 Hour Program
  • Master of Science in Finance
    • Located in Georgetown
    • 32 Hour Program

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

  • Graduate Certificate in Finance
    • Located in Foggy Bottom
    • 12-18 Hour Program
  • Graduate Certificate in Applied Economies and Financial Management
    • Located in Downtown Washington, D.C.
    • 15 Hour Program
  • Graduate Certificate in Public Financial Management
    • Located in Northwest Washington, D.C.
    • 15 Hour Program

MBAs in Finance – Designed for those preparing to become financial managers, budget analysts and more in corporate finance, or managers within financial services firms:

  • MBA with a concentration in Finance
    • Located in Washington, D.C., Online Option
    • 48 Hour Program
  • MBA with a concentration in Finance
    • Located in downtown Washington, D.C.
    • 36 Hour Program
  • MBA with a concentration in Finance
    • Located in Northeast Washington, D.C.
    • 48 Hour Program
  • MBA with a concentration in Finance
    • Located in Northeast Washington, D.C.
    • 48 Hour Program

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

  • Doctor of Business Administration with a concentration in Finance
    • Located in Northeast Washington, D.C.
    • 62 Hour Program
  • Doctor of Business Administration with a specialization in Finance
    • Online
    • 82 Hour Program
  • Doctor of Philosophy in Business Management with a concentration in Finance
    • Online
    • 120 Hour Program

The Largest Corporate Employers of Financial Professionals in the District of Columbia

The D.C. area is home to many prominent international investment firm headquarters and banks. According to Forbes, just a few of the top financial institutions in Washington D.C. include:

  • World Bank – Located in Washington D.C., $70 billion in assets under management
  • International Finance Corporation – Located in Washington D.C., $24.5 billion in assets under management
  • Convergent Wealth Advisors, LLC – Located in Potomac, $8.2 billion in assets under management
  • Cartica – Located in Washington D.C., $2.6 billion in assets under management

Income Expectations for Financial Professionals in the District of Columbia

According to the US Bureau of Labor Statistics, financial professionals in D.C. earn top dollar. Income 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 income, and the top 10 percent average for each job classification as of 2016:

  • Financial Managers
    • $104,420; $157,530; 208,000*
  • Budget Analysts
    • $64,660; $94,820; $119,800
  • Financial Analysts
    • $60,460; $103,900; $163,390
  • Personal Financial Advisors
    • $53,610; $135,130; $208,000*
  • Financial Examiners
    • $76,600; $148,940; 208,000*
  • Loan Officers
    • $42,140; $88,360; $152,160
  • Securities, Commodities, and Financial Services Sales Agents
    • $30,960; $93,420; $190,060

*The annual income is equal to or greater than $208,000. The US Bureau of Labor Statistics does not report data on income greater than this value.

Job Growth Projections for Financial Professionals in the District of Columbia

The DC.gov Department of Employment Services estimated that the following finance jobs will experience strong growth rates in Washington, D.C. within the ten-year projection period from 2014 to 2024:

  • Personal Financial Advisors –35 percent growth (higher than the national average)
  • Financial Analysts –15 percent growth
  • Loan Officers –4 percent growth
  • Financial Managers –2 percent growth
  • Budget Analysts –2 percent growth

 

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