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Finance Schools in Connecticut

Connecticut’s college and universities afford students the opportunity to earn undergraduate and graduate degrees in finance. Students pursuing a Master of Finance may choose to specialize in such areas as risk management. Many colleges and universities also have programs that allow students to earn a master’s degree in finance exclusively online.

Quick Facts

  • There are 18 colleges and universities with finance degree programs in Connecticut.
  • 4 schools offer a master’s or advanced degree in finance.
  • Highest graduate rate*: University of Connecticut 82%.1
  • Highest transfer-out rate*: Western Connecticut State University 27%.1
  • Highest net price per year*: Sacred Heart University $37,202.1
  • Lowest net price per year*: Western Connecticut State University $14,235.1
  • Annual undergraduate tuition range for finance programs in Connecticut: $19,353 – $39,990.2
  • 3 schools in the Businessweek’s Top Business Undergraduate Programs in 2013: University of Connecticut (54), Quinnipiac University (61), and Fairfield University (83).
  • 2 schools in the US News Best Business Graduate Schools in 2013 (top 100): Yale University (13) and University of Connecticut (58).

*For 4-year colleges and universities that offer a finance degree program.

Master’s in Finance Degree Programs in Connecticut

Fairfield University

Fairfield University offers a Master of Science in Finance (MSF) degree that students can use to advance their careers in investments, corporate finance, and banking. The program also qualifies students to pursue career certifications such as Certified Financial Manager (CFM) and Financial Risk Manager (FRM). The faculty teaching the MSF curriculum are active in the business and scholarly communities, and regularly receive public recognition for their achievements.

Sacred Heart University

Sacred Heart University confers a Master of Business Administration – Finance degree that takes a process-based approach to learning finance and leadership skills. The Finance concentration covers topics necessary to succeed in the finance world such as regulatory compliance, risk management, and contemporary issues. The MBA-Finance program is administered by the John F. Welch College of Business, which offers graduate students additional real-world learning opportunities through its Center for Non-Profit Organizations.

University of Connecticut

University of Connecticut’s School of Business offers a Master of Science in Financial Risk Management degree that focuses heavily on the core concepts and theories of managing different areas of financial risk. In a 15 month course of study, students work on real-world financial risk problems in learning how to design, deploy, and manage risk management strategies. The School of Business has been ranked among the Best 300 Business Schools by the Princeton Review and the related management department has been ranked highly for research productivity and the frequency with which its publications are cited by others.

Career Opportunities for Graduates in Connecticut

In its annual rankings of the best states in which to do business, Forbes regularly notes Connecticut’s business-friendly environment as well as the quality of life it provides to those living and working in the state. Connecticut’s location in the New England Corridor, close to New York City, Washington, DC, and other major urban centers also provides career opportunities. Well-known insurance and wealth management firm The Hartford is headquartered in Hartford, Connecticut. From its beginnings as a fire insurance agency incorporated by the state of Connecticut over 200 years ago, The Hartford has grown into a full suite risk management firm. It is frequently hiring for financial analysts, risk managers, and others to support its growth. Sovereign Bank, one of the largest personal banking institutions in the Northeast, is rapidly growing thanks to its acquisition of FleetBoston Financial and partnership with Santander. Employees receive extensive training and support, as well as a generous benefits package. Several other banks, including UBS and the Royal Bank of Scotland, have recently relocated US headquarters to Connecticut, attracted by the thriving economic opportunities.

Connecticut Financial Analyst and Manager Salary and Job Outlook

Demand for financial analysts and financial managers in Connecticut is healthy; over 5,000 financial analysts and over 12,000 financial managers are currently working in the state.5 The US Bureau of Labor Statistics reports that financial analysts in Connecticut make an average annual salary of $106,170.5 This places Connecticut as one of the top paying states for financial analysts. Financial managers here are also well compensated, with an average annual salary of $116,240.5 Only financial managers in the District of Columbia make a higher average salary.6

Connecticut Finance Salary and Jobs

OccupationNumber EmployedAverage Salary
Financial Analysts6,070$107,170
Financial Examiners330$96,360
Financial Managers12,180$126,930
Loan Officers1,980$78,800
Personal Financial Advisors3,580$130,710

Data from the Bureau of Labor Statistics as of May 2012.

References:
1. National Center for Education Statistics: https://nces.ed.gov/collegenavigator/
2. Niche College Search: https://www.niche.com/colleges/search/best-colleges-for-accounting/?type=private&type=public
3. Bloomberg Businessweek: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
4. US News and World Report: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
5. Bureau of Labor Statistics: https://www.bls.gov/oes/current/oes_ct.htm
6. Bureau of Labor Statistics: https://www.bls.gov/oes/current/oes113031.htm