Finance Degree for Jobs in Tennessee


The Tennessee Department of Labor and Workforce is bullish on the future of the state’s finance sector, projecting that it will create some 23,920 new business and financial services jobs in the state in the period spanning 2014 to 2024. The growth of finance careers in Tennessee will undoubtedly be due in part to the state’s strong commitment to community banking, as well as the opportunities that exist in large international asset management firms. 

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Degrees Available to Finance Majors in Tennessee

To cash in on the growth of Tennessee’s finance sector, you will first need to enroll in a college or university offering a program dedicated to finance. Tennessee is home to a number of respected business schools offering a variety of degree options, both online and through campus locations in the state:

Bachelor’s Degrees in Finance  Designed for aspiring financial analysts, series 65 licensed investment advisors, personal financial planners and financial specialists, among others:

  • Bachelor of Science in Business Administration (BSBA) in Finance
    • Located in Athens
    • 18 semester hours
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Bristol
    • Online program
    • 124 hours
  • Bachelor of Business Administration (BBA) in Financial Management
    • Located in Collegedale
    • 124 hours
  • Bachelor of Science in Business Administration (BSBA) in Finance
    • Located in Cookeville
    • 120 hours
  • Bachelor of Business Administration (BBA) in Finance and BBA/MBA in Finance
    • Located in Henderson
    • 126 total hours for BBA; 48 hours for BBA/MBA
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Johnson City
    • 120 hours
  • Bachelor of Arts (BA) or Bachelor of Science (BS) in Applied Finance and Accounting
    • Located near Johnson City
    • 150 hours
  • Bachelor of Science in Business Administration (BSBA) in Finance
    • Located in Martin
    • 30 hours
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Nashville
    • 120 hours
  • Bachelor of Science in Business Administration (BSBA) with a concentration in Finance
    • Located in South Memphis
    • 12 finance courses available

Master’s Degrees in Finance  Designed for aspiring Certified Financial Planners (CFP), banking executives, corporate financial specialists, budget analysts and more:

  • Master of Science (MS) in Finance
    • Located in Murfreesboro
    • 33 hours
  • Master of Science (MS) in Finance
    • Located in Nashville
    • 32 hours

MBA Degrees in Finance  Designed for aspiring budget analysts, financial managers, and executive leaders in corporate finance, among others:

  • MBA in Finance
    • Located in Bristol
    • Online Program
    • 36 semester hours
  • MBA in Finance
    • Located in Collegedale
    • Online option
    • 12 hours
  • MBA with a Concentration in Finance
    • Located in Cookeville
    • 30 hours
  • MBA with a Finance Concentration
    • Located in Knoxville
    • 9 hours
  • MBA (Finance Concentration)
    • Located in Memphis
    • 35 hours
  • MBA and PMBA with a Financial Services Concentration
    • Located in Nashville
    • 36 hours
  • MBA with a Specialized Concentration in Finance
    • Located in Nashville
    • 36 semester hours
  • MBA with a Finance Concentration
    • Located in Nashville
    • 12 hours

Doctoral Degrees in Finance  Designed for professionals entering managerial roles at large finance companies, financial examiners, finance educators, and more:

  • Doctor of Philosophy (PhD) in Business Administration with concentration in Finance
    • Located in Memphis
    • 72 hours
  • Doctor of Philosophy (PhD) in in Finance
    • Located in Knoxville
    • Full-time program

Tennessee’s Top Employers of Finance Professionals

Professionals working in Tennessee’s financial services sector can be found in the offices of large insurance companies, bank headquarters offices, and large wealth management firms. Just some of the top Tennessee-based employers in the state’s finance sector include:

  • Unum Group in Chattanooga  Life insurance and disability insurance
  • First Horizon National Corporation in Memphis  Bank holdings company
  • Pinnacle Financial Partners in Nashville  Banking and financial services
  • Wilson Bank and Trust in Lebanon  Community banking
  • Franklin Synergy Bank in Franklin  Community banking

Income Ranges for Tennessee’s Finance Professionals

While the majority of Tennessee’s finance professionals earn healthy annual wages, the state’s top finance specialists can earn incomes well into the six-figure range. The U.S. Bureau for Labor Statistics lists the following income levels for finance professionals in Tennessee (wages are listed as bottom 10%, mean, and top 10%):

  • Financial Managers – $45,550; $105,530; $184,620
  • Accountants and Auditors – $37,890; $66,330; $100,080
  • Budget Analysts – $42,610; $67,000; $98,760
  • Financial Analysts – $43,250; $75,370; $113,720
  • Personal Financial Advisors – $29,870; $101,630; $208,000*
  • Financial Examiners – $32,230; $79,490; $135,070
  • Loan Officers – $31,150; $70,700; $132,500
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – $30,080; $84,140; $166,630

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

Job Growth Projections for Tennessee’s Finance Professionals

Financial professionals with undergraduate and graduate degrees alike can look forward to increased career opportunities in Tennessee. In fact, a number of finance jobs are increasing at a rate much greater than the national average. The Tennessee Department of Labor and Workforce projects job growth for the following finance careers in the period spanning 2014-2024:

  • Accountants and Auditors – 34% job growth (three times the national growth rate)
  • Financial Analysts – 32% job growth (nearly three times the national growth rate)
  • Personal Financial Advisors – 24% job growth
  • Financial Managers – 18% job growth (twice the national growth rate)
  • Budget Analysts – 13% job growth (five times the national growth rate)
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – 11% growth
  • Loan Officers – 10% job growth

 

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