Finance Degree for Jobs in New Mexico


According to the New Mexico Department of Workforce Solutions, the financial services sector employs 2.7 percent of New Mexico’s total workforce. The Department rated the occupations of personal financial advisors and loan officers among the New Mexico’s in-demand jobs as of 2016. 

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Undergraduate and Graduate Degrees for Finance Majors in New Mexico

New Mexico’s business schools and universities offer a wide variety of finance degree programs in specialized areas that range from banking to financial mathematics. Undergraduate and graduate degrees are available to finance majors in New Mexico at both traditional campus locations and through convenient online programs designed with working professionals in mind:

Associate Degrees in Finance – Designed for those preparing to become sponsored for the Series 7 (securities sales) and Series 65 (investment advisor representative) exams, among others:

  • Associate of Science in Financial Management
    • Online Program
    • 64 Hours
  • Associate of Science in Finance
    • Online Program
    • 87 Hours

Bachelor Degrees in Finance – Designed for those preparing for jobs in banking or as personal financial advisors, financial analysts, and more:

  • Bachelor of Business Administration in Finance
    • Campus in Las Cruces
    • 120 Hours
  • Bachelor of Business Administration with a Concentration in Finance
    • Campus in Albuquerque
    • 120 Hours
  • Bachelor of Business Administration with an Emphasis in Applied Economics and Finance
    • Campus in Portales
    • 128 Hours
  • Bachelor of Business Administration with a Concentration in Banking and Finance
    • Campus in Las Cruces
    • 120 Hours
  • Bachelor of Science in Business with a Concentration in Financial Planning
    • Campus in Albuquerque
    • 120 Hours

Masters Degrees in Finance – Designed for those preparing for management and director-level positions in corporate finance, as well as independent investment advisors, lead analysts and more:

  • Master of Science in Finance
    • Online Program
    • 56 Hours
  • Master of Science in Finance
    • Online Program
    • 32 Hours
  • Master of Science in Financial Mathematics
    • Campus in Las Cruces
    • 30 Hours

MBAs in Finance – Designed for those preparing for executive positions in corporate finance

  • MBA with a Concentration in Finance
    • Campus in Las Cruces
    • 36 Hours
  • MBA with a Concentration in Finance
    • Campus in Albuquerque
    • 36 Hours
  • MBA with a Concentration in Finance
    • Campus in Las Cruces, Online Hybrid Program
    • 36 Hours

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

  • Graduate Certificate in Finance
    • Campus in Las Cruces
    • 12 Hours
  • Graduate Certificate in Financial Planning
    • Campus in Albuquerque
    • 15 Hours
  • Graduate Certificate in Finance
    • Online Program
    • 15 Hours

Doctorates in Finance – Designed for those preparing to be CFOs, educators, consultants, and researchers:

  • Doctor of Business Administration with a Specialization in Finance
    • Online Program
    • 82 Hours
  • Doctor of Philosophy in Finance
    • Online Program
    • 54 Hours
  • Doctor of Business Administration with a Specialization in Finance
    • Online Program
    • 60 Hours

Most Profitable Financial Institutions in New Mexico

A number of New Mexico’s largest and most profitable financial institutions are investment management firms. According to the direct-comparison platform Credio, top investment companies in New Mexico include but are not limited to:

  • Thornburg Investment Management – Headquartered in Santa Fe, $49 billion in assets under management
  • Santa Fe Partners – Headquartered in Santa Fe, $839 million in assets under management
  • Sun Mountain Capital Advisors – Headquartered in Santa Fe, $753 million in assets under management
  • Ulrich Consulting Group – Headquartered in Albuquerque, $713 million in assets under management
  • Redw Stanley Financial Advisors – Headquartered in Albuquerque, $604 million in assets under management

Job Growth Estimates for Financial Professionals in New Mexico

According to economists with the New Mexico Department of Labor, the finance industry is set to experience moderate job growth rates during the ten-year projection period between 2014 and 2024:

  • Personal Financial Advisors
    • 171 positions expected to be added; 32 percent growth
  • Securities, Commodities and Financial Services Sales Agents
    • 80 positions expected to be added; 9 percent growth
  • Accountants and Auditors
    • 541 positions expected to be added; 8 percent growth
  • Loan Officers
    • 113 positions expected to be added; 8 percent growth
  • Financial Analysts
    • 42 positions expected to be added; 8 percent growth
  • Financial Managers
    • 156 positions expected to be added; 8 percent growth
  • Budget Analysts
    • 23 positions expected to be added; 4 percent growth

Income Expectations for Finance Industry Professionals in New Mexico

With many experienced workers earning wages that approach or exceed the six-figure income range, a career in finance can be very lucrative. Wage ranges for finance jobs in New Mexico are shown below as 10th percentile average, overall average, and 90th percentile average (US Bureau of Labor Statistics, 2016)  

  • Securities, Commodities, and Financial Services Sales Agents
    • $28,190; $70,010; $160,160
  • Loan Officers
    • $21,670; $70,010; $160,160
  • Financial Examiners
    • $40,570; $71,400; $127,230
  • Financial Analysts
    • $46,180; $79,350; $119,510
  • Accountants and Auditors
    • $38,500; $65,220; $99,960
  • Budget Analysts
    • $48,970; $72,400; $100,990
  • Financial Managers
    • $47,780; $94,390; $149,720

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

 

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