Finance Degree for Jobs in Texas


Texas’s financial services sector supports more than 563,000 direct jobs in the state, a number that is steadily increasing. In fact, according to the US Bureau of Labor Statistics, Texas created more jobs in this sector in recent years than any other state in the country. In 2016 alone, thousands of new jobs were created in the financial services industry, with top firms headquartered in the state leading the way – USAA, Capital One, Visa, BBVA Compass, and Fidelity. 

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Degrees Available to Finance Majors in Texas

Between the years 2011 and 2016, public universities in Texas awarded more than 104,000 finance-related degrees, a number that is only expected to grow in the foreseeable future. In fact, eight Texas universities were named on the U.S. News & World Report’s 2016 list of the top 100 business schools in the country.

Associate Degrees in Finance – Designed for those preparing for entry-level finance jobs as securities, commodities, and financial services sales agents, among others:

  • Associate of Applied Science in Finance and Banking
    • Campus in Houston
    • 60 Hours
  • Associate of Applied Science in Mortgage Banking
    • Campus in Irving
    • 60 Hours
  • Associate of Science in Finance
    • Online
    • 68 Hours

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

  • Bachelor of Business Administration in Finance
    • Campus in Austin
    • 120 Hours
  • Bachelor of Business Administration in Finance
    • Campus in College Station
    • 120 Hours
  • Bachelor of Business Administration with a Concentration in Finance
    • Campus in Houston
    • 120 Hours
  • Bachelor of Science in Finance
    • Campus in Denton
    • 120 Hours
  • Bachelor of Business Administration in Risk, Insurance, and Financial Services
    • Campus in Denton
    • 120 Hours
  • Bachelor of Business Administration in Finance
    • Campus in Arlington
    • 120 Hours

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

  • Master of Science in Finance
    • Campus in Austin
    • 36 Hours
  • Master of Science in Finance
    • Campus in College Station
    • 36 Hours
  • Master of Science in Finance
    • Campus in Houston
    • 36 Hours
  • Master of Science in Finance
    • Campus in Denton
    • 49.5 Hours

MBAs in Finance – Designed for those preparing to become financial managers, CFOs and other executive-level leaders in corporate finance and financial services:

  • MBA in Corporate Finance
    • Campus in Austin
    • 47 Hours
  • MBA in Investment Management
    • Campus in Austin
    • 47 Hours
  • MBA in Private Equity Finance
    • Campus in Austin
    • 46 Hours
  • MBA in Finance
    • Campus in Denton
    • 54 Hours

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

  • Graduate Certificate in Financial Lending
    • Campus in Houston
    • 27 Hours
  • Graduate Certificate in Financial Operations
    • Campus in Houston
    • 21 Hours
  • Graduate Certificate in Commercial Banking
    • Campus in Houston
    • 21 Hours
  • Graduate Certificate in Corporate Finance
    • Campus in Houston
    • 9 Hours
  • Graduate Certificate in Financial Services Management
    • Campus in Houston
    • 13.5 Hours

Doctorate Degrees in Finance – Designed for those preparing to be CFOs, educators, consultants, and specialists in the finance field:

  • Doctor of Philosophy in Finance
    • Campus in Austin
    • 80-120 Hours
  • Doctor of Philosophy in Finance
    • Campus in College Station
    • 84-90 Hours
  • Doctor of Philosophy in Finance
    • Campus in Houston
    • 81-90 Hours
  • Doctor of Philosophy in Finance
    • Campus in Denton
    • 69-99 Hours

Top Financial Services Firms in Texas

As the 4th best state to do business in the country according to Forbes’ 2016 list, Texas has a large number of financial services firms to help manage the assets generated by companies in the state. The top five financial institutions headquartered in the state are as follows:

  • Comerica Bank – Headquartered in Dallas, $69.9 billion in assets under management
  • USAA – Headquartered in San Antonio, $69.4 billion in assets under management
  • Prost Bank – Headquartered in San Antonio, $27.8 billion in assets under management
  • Prosperity Bank – Headquartered in El Campo, $21.7 billion in assets under management
  • Texas Capital Bank – Headquartered in Dallas, $17.8 billion in assets under management

Job Growth Projections in Texas’s Financial Services Industry

The Texas finance industry has proven to be very resilient in light of the Great Recession. Though employment in the financial services sector originally declined, corporations recovered, regaining and even surpassing the number of jobs that were lost. According to the Texas Workforce Commission, these financial occupations are expected to experience double-digit growth throughout the projection period between 2014 and 2024:

  • Personal Financial Advisors: 30 percent growth
  • Accountants and auditors: 24 percent growth (twice the amount of national growth)
  • Financial Examiners: 23 percent growth (twice the amount of national growth)
  • Loan Officers: 20 percent growth (twice the amount of national growth)
  • Financial Analysts: 19 percent growth
  • Financial Managers: 19 percent growth (twice the amount of national growth)
  • Securities, Commodities, and Financial Services Sales Agents: 18 percent growth
  • Budget Analysts: 16 percent growth (five times the amount of national growth)

Wage Expectations for Financial Professionals in Texas

Financial professionals in Texas earn highly competitive wages. Listed below are the bottom 10 percent, the average, and the top 10 percent of wages for each occupation (U.S. Bureau of Labor Statistics, 2016):

  • Budget Analysts – $47,630; $79,870; $122,270
  • Personal Financial Officers – $40,750; $115,350; $208,000*
  • Loan Officers – $36,150; $36,150; $143,810
  • Securities, Commodities, and Financial Services Sales Agents – $32,610; $88,590; $196,500
  • Financial Analysts – $49,430; $92,920; $155,850
  • Accountants and Auditors – $42,690; $80,490; $127,740
  • Financial Examiners – $48,690; $85,380; $136,110
  • Financial Managers – $74,740; $149,470; $208,000*

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

 

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