Finance Degree for Jobs in Kentucky


In 2016, the US Bureau of Economic Analysis reported that the finance sector contributed $30.9 billion to Kentucky's Gross State Product (GSP). It’s well known that professionals in the financial services industry enjoy some of the best compensation packages available, consisting of top wages, bonuses and stock options. In fact, in 2016 alone the total combined payroll (wages only) for the professionals in Louisiana’s finance sector was $4.45 billion.

An impressive income isn’t the only thing that draws ambitious professionals to work in finance. Strong job growth is another important factor. For example, the number of jobs for budget analysts in Kentucky is expected to grow at a rate that is nearly seven times greater than the national average for this profession.

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Degrees for Finance Majors in Kentucky

Finance degrees available online and through campus based programs in state schools and private universities in Kentucky include:

Associate's Degrees in Finance – Designed for those preparing to start their careers as Series 7 licensed stockbrokers or student account advisors, among others:

  • Associate of Applied Science (AAS) in Business Administration with a specialization in Finance
    • Located in Paducah
    • Online option
    • 61-64 semester hours
  • Associate of Applied Science (AAS) in Business Administration with a major in Finance
    • Located in Somerset
    • Online option
    • 61-64 semester hours
  • Associate of Applied Science (AAS) in Business Administration Systems with a concentration in Finance
    • Located in Cumberland
    • Online option
    • 61-64 semester hours

Bachelor's Degrees in Finance – Designed for those preparing to become loan officers, series 65 licensed investment advisors, financial planners and more:

  • Bachelor of Business Administration (BBA) in Finance
    • Located in Lexington
    • 120 semester hours
  • Bachelor of Business Administration (BBA) with a concentration in Managerial Finance or  Financial Planning
    • Located in Richmond
    • Some classes offered online
    • 120 semester hours
  • Bachelor of Science (BS) in Finance
    • Located in Highland Heights
    • Some classes offered online
    • 120 semester hours
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Morehead
    • Some classes offered online
    • 120 semester hours
  • Bachelor of Arts/Science (BA/BS) in Business with a concentration in Finance
    • Located in Murray
    • Online option
    • 120 semester hours

Master's Degrees in Finance – Designed for those planning to become Certified Financial Planners (CFP) or Certified Government Financial Managers (CGFM), among others:

  • Master of Science (MS) in Finance
    • Located in Lexington
    • 30 semester hours
    • Applicants must have completed college-level mathematics and introductory statistics courses
  • Master of Finance Degree
    • Online only
    • 30 semester hours
    • Applicants can have a bachelor's degree in any subject, as well as related background knowledge

Graduate Certificates in Finance – Designed for those preparing to become client services associates or financial analytics directors, among others:

  • Post baccalaureate Certificate in Advanced Taxation
    • Located in Highland Heights
    • 12-16 semester hours
    • Some classes offered online
    • Applicants without a background in business may need to complete prerequisite courses
  • Financial Literacy Certificate
    • Located in Richmond
    • Some classes offered online
    • 12 semester hours
    • Applicants can apply while they are still undergraduates
  • Graduate Certificate in Finance
    • Online only
    • 15 semester hours
    • Applicants can be admitted upon completion of prerequisites, no degree required

MBAs in Finance – Designed for those coming from business backgrounds that want to become leaders in corporate finance:

  • MBA in Finance
    • Online only
    • 48-60 quarter hours
    • Applicants can have a bachelor's degree in any subject
  • MBA in Finance
    • Online only
    • 39 semester hours
    • Applicants can have an undergraduate degree in any subject

Doctorate Degrees in Finance – Designed for those who are maximizing their career potential, such as prospective senior marketing analytics managers, model/hour risk managers, and academicians, among others:

  • Doctor of Philosophy (PhD) in Finance and Quantitative Methods
    • Located in Lexington
    • 48 semester hours
    • Applicants must have at least a bachelor's degree, and are recommended to have academic experience in a field related to finance
  • Doctor of Business Administration (DBA) with a specialization in Finance
    • Online only
    • 82 quarter hours
    • Applicants must have a master's degree in any subject

Top Finance Companies in Kentucky

Kentucky's most prominent finance firms support most of the jobs in the state’s finance sector:

  • River Road Asset Management headquartered in Louisville – specializing in institutional investments with 40 corporate employees and $7.46 billion in assets under management
  • Hilliard Lyons headquartered in Louisville – specializing in full-service wealth management with more than one thousand employees and $7.01 billion in assets under management
  • Renaissance Investment Management headquartered in Covington – specializing in institutional and individual wealth investing with 21 corporate employees and $4.45 billion in assets under management
  • Fourth Street Performance Partners headquartered in Covington – specializing in market research, information, studies, and modeling with 13 corporate employees and $4.12 billion in assets under management

Income Ranges for Kentucky’s Finance Professionals

The US Department of Labor reported the following annual finance sector income ranges in Kentucky for 2016. These are listed first by the 10th wage percentile, the total average wage, and the 90th wage percentile:

  • Financial Managers – $51,950; $107,950; $180,140
  • Accountants and Auditors – $34,690; $63,790; $99,580
  • Budget Analysts – $40,100; $54,990; $77,520
  • Financial Analysts – $43,600; $74,620; $107,910
  • Personal Finance Advisors – $34,440; $89,830; $169,900
  • Financial Examiners – $35,000; $62,660; $101,900
  • Loan Officers – $34,670; $70,430; $112,840
  • Securities, Commodities, and Financial Services Sales Agents – $26,260; $77,200; $161,540

Job Growth Numbers for Finance Professionals in Kentucky

The Kentucky Labor Market Information agency expects that the number of jobs for finance professionals will increase considerably between 2014 and 2024:

  • Personal Finance Advisors – 19 percent growth
  • Accountants and Auditors – 19 percent growth
  • Budget Analysts – 17 percent growth (nearly seven times the national average)
  • Loan Officers – 15 percent growth
  • Financial Managers – 14 percent growth
  • Financial Analysts – 12 percent growth
  • Securities, Commodities, and Financial Services Sales Agents – 8 percent growth

 

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