Finance Degree for Jobs in Maryland


The Maryland Department of Labor, Licensing, and Regulation expects strong growth in the state’s financial sector during the ten-year period spanning 2014-2024, with the number of jobs for financial managers, financial analysts, and accountants and auditors increasing at a rate more than twice the national average. This projected job growth is due in large part to the presence of diverse financial services firms that include large insurance companies, brokerages, investment banks, and asset management firms. 

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Degrees Available to Finance Majors in Maryland

Maryland is home to a number of business colleges and universities housing business schools that offer undergraduate and graduate degrees in finance through online programs designed with working professionals in mind as well as conventional classroom-based programs for full-time students:

Bachelor’s Degrees in Finance – Designed for series 65 licensed investment advisor representatives (IARs), financial specialists, and budget analysts, among others:

  • Finance Bachelor’s Degree
    • Located in Adelphi
    • Online program
    • Minimum of 120 hours
  • Bachelor of Science (BS) in Finance
    • Located in Baltimore
    • 24 hour hours in finance courses
  • Bachelor of Science Business Administration (BSBA) with a Major in Finance
    • Located in Salisbury
    • 120 hours

Master’s Degrees in Finance – Designed for financial examiners, certified government financial managers (CGFM), certified financial planners (CFP), and more:

  • Master of Science in Financial Management and Information Systems (MSFS)
    • Located in Adelphi
    • Online program
    • 36 hours
  • Master of Science (MS) in Accounting and Financial Management
    • Located in Adelphi
    • Online program
    • 36 hours
  • Master of Science (MS) in Finance
    • Located in Baltimore
    • 36 hours
  • Master of Science in Finance (MSF)
    • Located in Baltimore
    • 30 hours
  • Master of Science (MS) in Business-Finance
    • Located in Baltimore
    • Minimum of 90 hours
  • Master of Science in Finance
    • Located in College Park
    • 30 hours

MBA Degrees in Finance – Designed for aspiring fund managers, financial managers, bank managers, and executive leaders in corporate finance:

  • MBA with a Concentration in Financial Business
    • Located in Baltimore
    • 54 hours
  • MBA with a Specialization in Finance
    • Located in Baltimore
    • 36 hours
  • MBA with a Finance Track
    • Located in College Park
    • Online option
    • 66 hours
  • MBA with an Emphasis in Finance
    • Located in Baltimore
    • 33 hours

Graduate Certificates in Finance – Designed for aspiring financial managers, budget analysts, loan officers, and more:

  • Certificate in Financial Management
    • Located in Baltimore
    • 16 hours
  • Financial Management Certificate
    • Located in Frederick
    • 18 hours

Doctoral Degrees in Finance – Designed for aspiring consultants, researchers, educators and industry leaders:

  • PhD in Business Administration with a Finance Specialization
    • Located in Baltimore
    • 18 hours in finance courses

Maryland’s Top Financial Services Firms

Maryland’s top financial industry employers are heavily concentrated in Baltimore and Chevy Chase, and include internationally recognized insurance firms, lending institutions and brokerages:

  • T. Rowe Price in Baltimore – Investment services
  • Legg Mason in Baltimore – Asset management
  • Geico in Chevy Chase – Car insurance
  • CapitalSource in Chevy Chase – On-balance sheet lender
  • ABS Capital Partners in Baltimore – Venture capital firm
  • Rapid Advance in Bethesda – Capital loan company

Wage Ranges for Maryland’s Finance Professionals

The strength of Maryland's financial sphere is reflected in the wages that the professionals in this sector earn. The U.S. Bureau for Labor Statistics (BLS) reports the following income for Maryland's finance professionals (wages are listed as bottom 10% average, mean, and top 10% average):

  • Financial Managers – $75,000; $145,080; $208,000*
  • Accountants and Auditors – $46,500; $82,370; $127,060
  • Budget Analysts – $53,420; $84,720; $119,310
  • Financial Analysts – $51,750; $98,110; $160,320
  • Personal Financial Advisors – $40,000; $108,940, $208,000*
  • Financial Examiners – $32,970; $78,560; $130,450
  • Loan Officers – $28,560; $76,150; $147,470
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – $33,160; $97,920; $208,000*

*Values are equal to or greater than $208,000 a year.  The US Bureau of Labor Statistics does not report wages higher than this value.

Job Growth Projections for Maryland’s Finance Professionals

Whether in investment, corporate banking, or personal financial advisory, job opportunities in Maryland’s financial services sector are expected to be strong in the coming years. The Maryland Department of Labor, Licensing, and Regulation projects double-digit growth for nearly all of the following finance careers in the state for the period spanning 2014-2024:

  • Personal Financial Advisors – 32 percent growth
  • Financial Analysts – 29 percent growth (nearly three times greater than the national average)
  • Accountants and Auditors – 22 percent growth (twice the national average)
  • Financial Managers – 19 percent growth (nearly three times greater than the national average)
  • Budget Analysts – 16 percent (More than six times greater than the national average)
  • Financial Examiners – 11 percent growth
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – 11 percent growth
  • Loan Officers – 6 percent growth

 

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