Finance Degrees for Jobs in New York


New York City has long been recognized as the center of the financial industry in the United States. Though NYC has jockeyed with London over the years for the title of “world’s financial capital,” The Atlantic recently named New York City the most economically powerful city in the world. New York’s financial services sector makes up over 8 percent (approximately 310,000) of all jobs in the state. 

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Degrees Available to Finance Majors in New York

A number of New York’s business schools that offer degrees in finance are located close to the action in downtown New York City, giving students access to internship opportunities with some of the world’s most successful financial institutions. Finance degrees are available through online programs designed for working professionals as well as traditional classroom based programs for full-time students:

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

  • Associate of Applied Science in Financial Services
    • Campus in Manhattan
    • 90 Credits
  • Associate of Applied Science in Business Administration with a focus in Finance
    • Campus in New Rochelle, Online Option
    • 60 Credits
  • Associate of Science in Finance
    • Online Program
    • 60 Credits

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

  • Bachelor of Business Administration in Finance
    • Campuses in New York City and Westchester
    • 128 Credits
  • Bachelor of Science in Business with a specialization in Finance
    • Campus in Downtown Manhattan
    • 120 Credits
  • Bachelor of Science in Finance
    • Campuses in Queens, Staten Island, and Manhattan
    • 120 Credits
  • Bachelor of Science in Finance
    • Campus in Syracuse
    • 120 Credits
  • Bachelor of Business Administration with a specialization in Finance
    • Campus in Garden City
    • 121 Credits
  • Bachelor of Science in Finance
    • Campus in Garden City
    • 121 Credits
  • Bachelor of Science in Finance
    • Campus in Buffalo
    • 120 Credits

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

  • Master of Science in Finance
    • Campus in Syracuse
    • 30 Credits
  • Master of Science in Finance
    • Campus in Manhattan
    • 30 Credits
  • Master of Science in Financial Services
    • Campus in New Rochelle
    • 48 Credits
  • Master of Science in Financial Risk Management
    • Campus in Manhattan
    • 30-42 Credits
  • Master of Science in Risk Management, Finance Concentration
    • Campus in Queens
    • 30 Credits
  • Master of Science in Global Finance
    • Campus in Manhattan, online hybrid option
    • 36 Credits
  • Master of Science in Finance
    • Campus in New Rochelle
    • 51 Credits

MBAs in Finance – Designed for those pursuing careers as controllers, financial managers, CFOs and other executive-level leadership roles in corporate finance:

  • MBA with a Specialization in Finance
    • Campus in Garden City
    • 33-66 Credits
  • MBA with a Specialization in Finance
    • Campus in Manhattan
    • 57 Credits
  • MBA in Financial Services
    • Campus in Manhattan
    • 45 Credits
  • MBA in Corporate Finance
    • Campuses in Oakdale and Shirley
    • 36 Credits
  • MBA with a Concentration in Finance
    • Campuses in Manhattan, West Harrison, and Bronx
    • 36 Credits
  • MBA in Financial Management
    • Campus in New Rochelle
    • 57 Credits
  • MBA in Finance
    • Campus in Rochester
    • 67 Credits

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

  • Graduate Certificate in Finance
    • Campus in Garden City
    • 15 Credits
  • Graduate Certificate in Financial Management
    • Campus in New Rochelle
    • 15 Credits
  • Graduate Certificate in Financial Management
    • Campus in Westchester
    • 12-14 Credits
  • Graduate Certificate in Advanced Finance and Investment
    • Campus in Manhattan
    • 15 Credits
  • Graduate Certificate in Corporate Finance
    • Campus in Hempstead
    • 15 Credits

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

  • Doctor of Philosophy in Business with a Specialization in Finance
    • Campus in Manhattan
    • 60 Credits
  • Doctor of Philosophy in Management with a Major in Finance
    • Campus in Buffalo
    • 60-80 Credits
  • Doctor of Philosophy in Business with a Concentration in Finance
    • Campus in Westchester
    • 57 Credits
  • Doctor of Philosophy in Finance
    • Campus in Ithaca
    • 58-70 Credits

New York’s Top Financial Services Firms

Manhattan’s financial district is home to some of the world’s most powerful and profitable financial institutions. These successful businesses depend on the expertise of thousands of brokers, analysts and advisors who oversee trillions of dollars in assets. According to Forbes, some of the top financial services firms in New York include:

  • Blackrock – Located in Manhattan, $4.72 trillion in assets under management
  • Morgan Stanley – Located in Manhattan, $2.03 trillion in assets under management
  • Citigroup – Located in Manhattan, $1.9 trillion in assets under management
  • J.P. Morgan Asset Management – Located in Manhattan, $1.7 trillion in assets under management
  • Goldman Sachs Group – Located in Manhattan, $1.18 trillion in assets under management

Salary Expectations for New York’s Finance Professionals

On average, those working in New York’s financial industry earn the highest salaries of all finance professionals nationwide. Listed below are salaries for the 10th percentile, the overall average salary, and 90th percentile salaries for each occupation (U.S. Bureau of Labor Statistics, 2014):

  • Financial Managers
    • $80,150; $175,020; $187,199*
  • Financial Examiners
    • $55,680; $112,980; $187,199*
  • Personal Financial Advisors
    • $47,580; $136,000; $187,199*
  • Securities, Commodities, and Financial Services Sales Agents
    • $42,420; $152,860; $187,199*
  • Financial Analysts
    • $57,360; $119,230; $187,199*
  • Budget Analysts
    • $50,650; $75,750; $109,140
  • Financial Specialists
    • $42,050; $86,570; $144,130
  • Loan Officers
    • $37,2250; $96,470; $184,270

*The annual salary is equal to or greater than $187,199. The US Bureau of Labor Statistics does not report salary data greater than this value.

Job Growth Projections for Professionals in New York’s Financial Services Sector

According to the New York State Department of Labor, the following financial professions are expected to experience strong growth during the projection period from 2012 to 2022:

  • Financial Managers
    • 2,510 positions to be added, 7 percent increase
  • Personal Financial Advisors
    • 4,110 positions to be added, 15 percent increase
  • Financial Analysts
    • 3,670 positions to be added, 11 percent increase
  • Budget Analysts
    • 340 positions to be added, 8 percent increase
  • Financial Specialists
    • 700 positions to be added, 7 percent increase
  • Loan Officers
    • 240 positions to be added, 1 percent increase

 

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