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Finance Schools in Alabama

This page is a guide to master’s in finance schools in Alabama. Those interested in an advanced degree in finance in the state will find many different program options. Some universities offer full-time, accelerated programs, while other schools have evening and weekend classes or fully online options. Students can choose between highly specialized curriculum or general business knowledge courses, and some universities offer graduate certificates or specific concentrations. Graduates with master’s in finance may find opportunities in the finance industry in Alabama after graduation.

Finance Program Stats

  • There are 16 four-year not-for-profit colleges and universities with finance degree programs in Alabama.1
  • 1 school offers a master’s or advanced degree in finance.1

Institution-Wide Facts

  • Highest graduation rate*: Auburn University 75%.1
  • Highest transfer-out rate*: Alabama A&M University 38%.1
  • Highest net price per year*: Samford University $29,544.1
  • Lowest net price per year*: Troy University $10,283.1
  • Annual undergraduate tuition range for finance programs in Alabama*: $7,500-$29,402.1
  • No schools in the Businessweek’s Top Business Undergraduate Programs in 2016.2
  • 2 schools in the US News Best Business Graduate Schools in 2017 (top 100): University of Alabama Manderson Graduate School of Business (#54), Auburn University Raymond J. Harbert College of Business (#83).3

*For 4-year not-for-profit colleges and universities that offer a finance degree program.

Schools in Alabama with Master’s in Finance Degrees

Traditional Master’s in Finance Programs

University of Alabama

The University of Alabama’s Culverhouse College of Commerce offers a Master of Science in Finance (MSF) degree that is generally completed over two years. The curriculum focuses on foundational theories and applied knowledge in investment banking, corporate finance, and financial derivatives. Students examine topics such as the role of finance intermediaries, the management of markets, and the valuation of financial assets. Students are not required to specialize but can choose to pursue formal tracks. The financial engineering track is designed for students interested in working in the financial services industry, and the corporate finance track is aimed at those pursuing careers within major corporations. Students without a background in business may need to complete prerequisite courses before starting the program.

Auburn University

The Raymond J. Harbert College of Business at Auburn University’s Master of Business Administration (MBA) program aims to prepare students for leadership positions in business. Those pursuing the MBA on a full-time basis can complete the degree in an average of 17 months. Students can choose a concentration for their degree such as finance, information systems, human resources management, supply chain management, and business analytics. This program emphasizes real-world business knowledge and includes a 10-day international business trip. Students with less than two years of work experience are required to complete a summer internship between their second and third semesters. Auburn University’s career services center offers resources and advice to students for post-graduation opportunities. This program is also available online, with the limited concentration options of finance, information systems, business analytics, and marketing.

University of North Alabama

Students can earn an online Master of Business Administration (MBA) degree at University of North Alabama. Students can start the program at three different points throughout the year and complete the curriculum in 12-18 months by studying full-time (or in 24-30 months on a part-time basis). By choosing specific electives, students can earn concentrations in areas such as accounting, finance, global business, or human resource management. The finance concentration prepares students for positions in banking, investment analysis, or corporate finance. For those with significant business experience, the University of North Alabama also offers an online Executive MBA. Managers and career professionals with at least five years of work experience can advance their careers by studying leadership strategies, managerial skills, and advanced business accounting.

Online Master’s in Finance Programs

Auburn University

At the Raymond J. Harbert College of Business at Auburn University, students can earn a Master of Science in Finance (MSF) following the same curriculum as on-campus students. The program consists of 30 class hours and some credits can be transferred from another university with administrative approval. Students who have not completed undergraduate prerequisites such as microeconomics and business analytics may need to take additional coursework before studying core courses like financial analysis, financial engineering, and investments. After the core curriculum, students choose either a thesis or non-thesis option. This program is only open to students from the United States.

University of Alabama at Birmingham

The Collat School of Business at the University of Alabama at Birmingham offers an online Master of Business Administration (MBA) degree. Students are trained in analytical processes, organizational behavior, and strategic planning. The curriculum prepares graduates for decision-making in leadership roles in modern organizations. The program is ideal for working professionals, with courses available in the evening or completely online. Most students complete the program in one to two years. Students interested in a concentration in an area such as finance, management information systems, health systems, or marketing can complete additional degree credit hours for the specialization.

Alabama Career Opportunities for Graduates

Alabama’s state economy has many potential opportunities for graduates from finance schools in the state. Alabama is home to many large banking headquarters, including Regions Financial Corporation, a Fortune 500 company, and centers for BBVA Compass and Superior Bancorp. Wells Fargo has an operations center in the state, as does the investment management company Harbert Management Corporation. Alabama is home to a large automotive manufacturing industry, including Mercedes-Benz, Honda, and Hyundai. State banks and financial services companies operate in the cities of Birmingham, Montgomery, Huntsville, and Mobile, as well as in other hubs around the state. Graduates from finance schools in Alabama may find positions in one of these companies as analysts, managers, bankers, accountants, and more.

Alabama Finance Job Information

OccupationNumber EmployedAverage Salary
Business and Financial Operations Occupations72,290$69,890
Financial Analysts1,420$82,530
Financial Examiners1,030$65,320
Financial Managers4,990$127,420
Financial Specialists, All Other740$72,640
Loan Officers3,740$66,680
Personal Financial Advisors2,060$125,640

Data from the Bureau of Labor Statistics as of 2017.4

Alabama Salary and Job Outlook

Graduates from finance schools in Alabama may find employment opportunities in the state after finishing their studies. Financial analyst positions in the state are projected to grow at a rate of 8.2% through 2024 (similar to the national average of 11.7%), and the average annual salary for financial analysts in Alabama is $82,530.5,4 Financial managers earn a mean wage of $127,420 in the state, and Alabama’s financial industry is projected to add 150 financial manager positions annually.4,5 Personal financial advisors earn $125,640 in Alabama, slightly more than the national average of $123,100, although these positions are projected to grow less rapidly in the state (18.1% over a 10-year period) than the nation at large (29.6% over the same period).4,6,5

Additional Resources

  • Chartered Financial Analysts Society Alabama (CFA Society AL) – State chapter of the global professional network for those in the investment industry. CFA Society Alabama promotes professional standards and provides networking opportunities.
  • Association for Financial Professionals Alabama (AFP Alabama) – Professional association for those in the treasury and cash management field. Members can attend networking events and pursue continued training in the field.
  • Government Finance Officers Association Alabama (GFOAA) – Statewide organization for professionals in the finance sector of the government or other not-for-profit groups. GFOAA provides training to professionals in the industry and also hosts association events.

Directory of Alabama Master’s in Finance Programs

University of Alabama
700 University Blvd
Tuscaloosa, AL 35487
(205) 348-6010
https://www.ua.edu/

References:
1. National Center for Education Statistics (NCES): https://nces.ed.gov/collegenavigator/
2. Bloomberg, Best Undergraduate Business Schools 2016: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
3. US News & World Report, Best Business Schools in 2017: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
4. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016 State Occupational Employment and Wage Estimates, Alabama: https://www.bls.gov/oes/current/oes_al.htm
5. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm