Finance Degree for Jobs in Massachusetts


Boston's world-famous financial district is just one of several hotbeds for finance in Massachusetts. With a strong network of brokerages, community banks, and asset management firms, Massachusetts is a prime location for financial professionals, from entry-level Series 7 licensed stockbrokers to managers and analysts in corporate finance.

The Massachusetts Executive Office of Labor and Workforce Development expects significant job growth in the financial services sector. In fact, the department projects the fields of financial analysis and personal financial advising to each see more than 1,300 new jobs added during the period spanning 2014-2024. 

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Degrees for Finance Majors in Massachusetts

Massachusetts is not only a prime location for top finance companies – the state is also home to a number of respected business schools offering undergraduate and graduate degrees in finance:

Associate’s Degrees in Finance  Designed for aspiring Series 7-licensed stockbrokers (financial services sales agents), and more:

  • Associate in Science (AS) Degree with a Finance Option
    • Located in Boston
    • 61 hours

Bachelor’s Degrees in Finance  Designed for aspiring loan officers, Series 65-licensed investment advisor representatives (IARs), financial analysts and more:

  • Bachelor of Business Administration (BBA) in Finance
    • Located in Amherst
    • Online option
    • 120 hours
  • Bachelor of Science (BS) in Finance and Accounting Management
    • Located in Boston
    • Online program
    • 163 quarter hours
  • Bachelor of Science (BS) in Accounting and Finance with a Finance Concentration
    • Located in Bridgewater
    • 120 hours
  • Bachelor of Science (BS) in Finance
    • Located in Endicott
    • 125-126 hours
  • Bachelor of Business Administration (BBA) with a Concentration in Finance
    • Located in Lowell
    • 123 hours
  • Bachelor of Business Administration (BBA) with a Concentration in Finance
    • Located in North Andover
    • Six required courses in finance
  • Bachelor of Science in Business Administration (BSBA) with a Finance Concentration
    • Located in Salem
    • 120 hours
  • Bachelor of Science (BS) in Finance
    • Located in Waltham
    • 122 hours

Master’s Degrees in Finance  Designed for aspiring financial managers, budget specialists, bank managers, and more:

  • Master of Science (MS) in Mathematical Finance
    • Located in Boston
    • 36 hours
  • Master of Science (MS) in Finance/MBA
    • Located in Boston
    • 72 hours
  • Master of Science in Financial Services and Banking (MSFSB)
    • Located in Boston
    • 32-47 hours
  • Master of Science in Finance (MSF)
    • Located in Boston
    • 32-47 hours
  • Master of Liberal Arts, Finance
    • Located in Cambridge
    • Online courses available
    • 12 graduate courses
  • Master of Science in Finance (MSF)
    • Located in Chestnut Hill
    • 30 hours
  • Master of Arts (MA) in International Economics and Finance
    • Located in Waltham
    • Two-year program
  • Master of Science in Finance (MSF)
    • Located in Waltham
    • 40 hours
  • Master of Science (MS) in Finance
    • Located in Waltham
    • 30 hours
  • Master of Science (MS) in Financial Planning
    • Located in Waltham
    • 30 hours
  • Master of Science in Finance (MSF)
    • Located in Worcester
    • 10 courses

MBA Degrees in Finance  Designed for aspiring financial controllers, financial managers, CFOs and other leaders in corporate finance:

  • MBA in Finance
    • Located in Cambridge
    • Two-year program
  • MBA with a Specialization in Financial Reporting and Controls
    • Located in Chestnut Hill
    • Seven required courses
  • MBA with a Concentration in Finance
    • Located in Dartmouth
    • Online Option
    • 30 hours
  • Emerging Leaders MBA with a Concentration in Finance
    • Located in Waltham
    • 13-18 courses
  • MBA with a Specialization in Corporate Finance
    • Located in Waltham
    • 20 hours
  • MBA with a Specialization in Finance
    • Located in Worcester
    • Online courses available
    • 36 hours
  • MBA/MSF Dual Degree with a Concentration in Finance
    • Located in Worcester
    • 12-17 hours units

Graduate Certificates in Finance  Designed for aspiring personal financial planners (including CFPs), financial analysts, and more:

  • Graduate Certificate in Financial Markets and Institutions
    • Located in Boston
    • Online Option
    • 16 hours
  • Graduate Certificate in Finance
    • Located in Dartmouth
    • 12 hours
  • Graduate Certificate in Financial Planning
    • Located in Salem
    • Six courses

Doctoral Degrees in Finance  Designed for aspiring Chief Financial Officers (CFOs), personal financial advisors, and finance educators, among others:

  • PhD in Finance
    • Located in Amherst
    • Four-year program
  • PhD in Business Administration with a Finance Track
    • Located in Boston
    • Four-year program
  • PhD Program in Finance
    • Located in Cambridge
    • Four-year program
  • PhD in International Economics and Finance
    • Located in Waltham
    • Five-year program

Massachusetts’s Top Financial Services Firms

Financial services firms in Massachusetts that support the most jobs in the state include insurance groups and financial holdings companies on the Fortune 1,000 list. Examples of multibillion-dollar finance companies in the state include:

  • Liberty Mutual Insurance Group in Boston, $39.8 billion in annual revenue
  • Massachusetts Mutual Life Insurance in Springfield, $33.6 billion in annual revenue
  • State Street Corp in Boston, $10.7 billion in annual revenue
  • Hanover Insurance Group in Worcester, $5.1 billion in annual revenue
  • LPL Financial Holdings in Boston, $4.4 billion in annual revenue
  • Affiliated Managers Group in Prides Crossing, $2.5 billion in annual revenue

Income Ranges for Massachusetts’s Finance Professionals

Following graduation from finance programs in Massachusetts, many students elect to stay in the state to pursue a high-paying career. The U.S. Bureau for Labor Statistics (BLS) lists the bottom 10%, the mean annual wage, and the top 10% for the following Massachusetts finance careers:

  • Financial Managers – $61,460; $138,610; $208,000*
  • Accountants and Auditors – $49,420; $82,420; $125,320
  • Budget Analysts – $52,170; $77,480; $107,140
  • Financial Analysts – $55,760; $96,700; $153,360
  • Personal Financial Advisors – $34,060; $102,580: $208,000*
  • Financial Examiners – $57,090; $100,880; $167,660
  • Loan Officers – $41,290; $96,090; $174,730
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – $43,000; $124,450; $208,000*

Wages are at or above $208,000 per year. The US Bureau of Labor Statistics does not publish data on incomes beyond this value. 

Job Growth Projections for Massachusetts’ Finance Professionals

Massachusetts' financial industry is poised to generate significant job opportunities for professionals in the state in the coming years. According to the Massachusetts Executive Office of Labor and Workforce Development, the following finance jobs are expected to show strong growth during the ten-year period from 2014 to 2024:

  • Financial Managers – 1,269 projected new jobs; 25,533 total jobs
  • Accountants and Auditors – 3,069 projected new jobs; 42,100 total jobs
  • Budget Analysts – 119 projected new jobs; 1,896 total jobs
  • Financial Analysts – 1,336 projected new jobs; 18,564 total jobs
  • Personal Financial Advisors – 1,381 projected new jobs; 9,208 total jobs
  • Financial Examiners – 110 projected new jobs; 1,481 total jobs
  • Loan Officers – 442 projected new jobs; 5,974 total jobs

 

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