Finance Degree for Jobs in New Jersey


The financial services sector is one of the strongest industries in the state of New Jersey. In fact, according to the US Bureau of Economic Analysis, the finance, insurance, and real estate industry was by far the largest industry in New Jersey responsible for $137.7 billion of the state’s gross state product (GSP). Conveniently located in close proximity to New York City, Boston, and Philadelphia, New Jersey serves as a prime location for a number of major asset management and financial services firms. 

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Degrees Available to Finance Majors in New Jersey

New Jersey’s many state and private universities housing schools of business offer finance degrees at all levels, from associate’s degrees to doctorates. With a lower cost of living than the large cities located in neighboring states, New Jersey’s colleges offer an affordable alternative for finance majors in the area.

Associate Degrees in Finance – Designed for those entering the field as securities, commodities, and financial services sales agents, among others:

  • Associate of Applied Science in Financial Services
    • Campus in Newark, Online Option
    • 90 Hours
  • Associate of Science in Business Administration with a Concentration in Finance
    • Campus in Trenton, Online Option
    • 60 Hours
  • Associate in Applied Science in Finance
    • Campuses in Blackwood, Camden, Blackwood, and Cherry Hill
    • 66 Hours

Bachelor Degrees in Finance – Designed for those preparing for jobs as loan officers, personal financial advisors, budget analysts, investment advisors and more:

  • Bachelor of Science in Business Administration with a concentration in Finance
    • Campus in Trenton, Online Option
    • 120 Hours
  • Bachelor of Science in Finance
    • Campus in Union
    • 124 Hours
  • Bachelor of Science in Finance
    • Campus in Lawrenceville
    • 126 Hours
  • Bachelor of Science in Finance
    • Campuses in Newark and New Brunswick
    • 120 Hours
  • Bachelor of Science in Finance
    • Campus in Glassboro
    • 120 Hours
  • Bachelor of Science in Finance
    • Campus in South Orange
    • 120 Hours
  • Bachelor of Science in Finance
    • Campus in Teaneck
    • 120 Hours

Masters Degrees in Finance – Designed for those pursuing management and director-level positions in corporate finance and in financial services firms:

  • Master of Science in Financial Analysis
    • Campuses in Newark and New Brunswick
    • 33 Hours
  • Master of Science in Quantitative Finance
    • Campuses in Newark and New Brunswick
    • 45 Hours
  • Master of Science in Finance
    • Campus in Glassboro
    • 30 Hours
  • Master of Science in Finance
    • Campus in Princeton
    • 48 Hours

MBAs in Finance – Designed for those pursuing careers as financial managers, controllers, financial officers and other leadership jobs in corporate finance:

  • MBA in Finance
    • Campuses in Newark and New Brunswick
    • 60 Hours
  • MBA with a Specialization in Finance
    • Campus in Glassboro
    • 36 Hours
  • MBA with a Specialization in Finance
    • Campus in South Orange
    • 56-58 Hours
  • MBA with a Specialization in Finance
    • Campus in Teaneck
    • 52 Hours
  • MBA with a Concentration in Finance
    • Campus in Englewood Cliffs
    • 48 Hours

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

  • Graduate Certificate in Investment Analysis
    • Campus in Lawrenceville
    • 18 Hours
  • Graduate Certificate in Finance
    • Campuses in Newark and New Brunswick
    • 15 Hours
  • Advanced Graduate Certificate in Finance
    • Campus in Glassboro
    • 9 Hours
  • Graduate Certificate in Finance
    • Campus in Teaneck
    • 12 Hours

Doctorates in Finance – Designed for those preparing to become CFOs, educators, consultants, and financial academicians:

  • Doctor of Philosophy in Finance
    • Campuses in Newark and New Brunswick
    • 72 Hours
  • Doctor of Philosophy in Finance
    • Online Program
    • 120 Hours
  • Doctor of Business Administration in Finance
    • Online Program
    • 86 Hours

Some of New Jersey’s Top Financial Institutions

With its close proximity to Wall Street and other major financial hubs, many highly successful asset management and financial services firms have major operations in New Jersey. According to Credio, the top five asset management companies in New Jersey as of 2017 based on the total amount of assets under management are:

  • Pgim – Located in Newark, $701 billion in assets under management
  • UBS Financial Services – Located in Weehawken, $392 billion in assets under management
  • Pgim Investments – Located in Newark, $265 billion in assets under management
  • Managed Account Advisors – Located in Jersey City, $256 billion in assets under management
  • Blackrock Investment Management – Located in Princeton, $227 billion in assets under management

Wages for Professionals in New Jersey’s Financial Services Industry

The US Department of Labor reported that the financial services industry in New Jersey paid wages of $18.6 billion as of 2016.  A breakdown of the income for many financial positions in New Jersey is shown below as the bottom 10 percent average, the overall average, and the top 10 percent average:

  • Financial Managers
    • $88,560; $165,560; $208,000*
  • Accountants and Auditors
    • $53,050; $88,940; $132,710
  • Budget Analysts
    • $51,590; $81,340; $121,830
  • Financial Examiners
    • $55,780; $99,450; $156,740
  • Loan Officers
    • $36,800; $82,240; $114,780
  • Financial Analysts
    • $55,360; $100,430; $157,430
  • Personal Financial Advisors
    • $52,800; $131,460; $208,000*
  • Securities, Commodities, and Financial Services Sales Agents
    • $36,880; $112,570; $208,000*

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

Job Growth Estimates in New Jersey’s Financial Services Industry

According to the New Jersey Department of Labor and Workforce Development, there were 226,570 professionals working in New Jersey’s financial services industry as of 2016. This number is expected to experience moderate growth during the projection period beginning 2014 and ending 2024: 

  • Accountants and auditors – 11 percent increase
  • Budget Analysts – 5 percent increase
  • Loan Officers – 4 percent increase
  • Financial Managers – 4 percent increase
  • Personal Financial Advisors – 4 percent increase
  • Financial Analysts – 2 percent increase

 

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