Finance Schools in Connecticut
This guide provides information about advanced finance degrees in Connecticut. Students have many degree program options within the state, as schools offer different types of degrees in finance, from Master of Business Administration (MBA) to Master of Science in Finance (MSF). Some programs allow students to customize their degree with concentrations or graduate certificates. Students can find full-time, part-time, or even completely online degrees in Connecticut and decide what best fits their schedule. After finishing their finance master’s, graduates may find career opportunities in the state in the field of finance. The following page includes details about different types of programs, degree options, and employment possibilities in Connecticut.
Finance Program Stats
- There are 11 four-year not-for-profit colleges and universities with finance degree programs in Connecticut.1
- 5 schools offer a master’s or advanced degree in finance.1
- Highest graduation rate*: Fairfield University and University of Connecticut 82%.1
- Highest transfer-out rate*: Western Connecticut State University 38%.1
- Highest net price per year*: Sacred Heart University $39,134.1
- Lowest net price per year*: Central Connecticut State University $14,852.1
- Annual undergraduate tuition range for finance programs in Connecticut*: $9,741-$46,000.1
- 6 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: Fairfield University Dolan School of Business (#43), University of Connecticut School of Business (#72), Quinnipiac University (#91), Sacred Heart University Jack Welch College of Business (#92), University of Hartford Barney School of Business (#101), US Coast Guard Academy (#104).2
- 2 schools in the US News Best Business Graduate Schools in 2017 (top 100): Yale University School of Management (#9), University of Connecticut School of Business (#65), 3
*For 4-year not-for-profit colleges and universities that offer a finance degree program.
Schools in Connecticut with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
University of New Haven
At the College of Business at University of New Haven, students can earn a Master of Science in Finance (MSF) degree. This program offers students a combination of real-world business experience and a strong academic foundation. Students first complete required courses such as Capital Market Theory, International Financial Management, and Data Analysis in Trading Room Applications, before choosing electives based on their interests. Students graduate from the University of New Haven with a strong foundation in financial theory and knowledge of data and analytical tools, as well as interpersonal skills in teamwork and deal-making. For those interested in pursuing the Chartered Financial Analyst (CFA) designation, the university offers study and review courses. The College of Business also draws on professionals in the local securities industry to speak and network with students.
Sacred Heart University
Sacred Heart University’s Jack Welch College of Business offers a Master of Science in Finance and Investment Management (MSFIM) that emphasizes quantitative techniques in asset valuation, product development and risk management. Students learn financial theory and advanced modeling methods as well as practical applications in the financial field. This program prepares graduates to sit for the Chartered Financial Analyst (CFA) and the Financial Risk Management examinations. Students can earn their degree in 18 months, and alumni work in the financial field in positions such as financial analyst, investment banker, portfolio manager, and wealth equity manager.
University of Connecticut
Students can earn a Master of Science in Financial Risk Management (MSFRM) from the University of Connecticut’s School of Business. With classes located at both the Hartford and Stamford campus, students can complete the program on a full-time basis in 15 months or on a part-time basis on a flexible schedule. This program is ideal for business professionals interested in learning how to identify and manage financial risk in their field. The coursework blends theory with practice, as students study analytical and quantitative theories and examine the human factors in risk management. The curriculum teaches students how to direct investment strategies and manage the financial risks of firms, institutions, and private clients. After completing the MSFRM program, students can also study an additional semester to add a concentration of Quantitative Methods in Risk Management.
Online Master’s in Finance Programs
At Quinnipiac University, students can earn a Master of Business Administration (MBA) degree completely online at their own pace. This program is designed to teach students the skills necessary to lead in global business, from theoretical techniques to decision-making and leadership strategies. Students learn skills in business fundamentals in accounting, finance, and marketing, and the coursework emphasizes communication, ethical leadership, and problem-solving skills as well. Students can customize their electives to match their interests and complete one of three professional tracks: finance, health care management, and supply chain management. The finance track is ideal for those pursuing careers in asset valuation or portfolio management, focusing on the skills needed to make risk management and wealth management decisions.
Southern Connecticut State University
The online Master of Business Administration (MBA) degree at Southern Connecticut State University is designed for students with professional experience who want to grow within their career. The program aims to prepare leaders in business, nonprofits, and governmental organizations and can be completed on a full-time or part-time basis. The accelerated program is in an 18-month format, with online coursework and four on-campus Saturday meetings per eight-week session. The curriculum emphasizes hands-on, practical business knowledge, focusing on a systematic approach to the forces that influence modern business. Students also learn how to take on leadership positions to help their organizations stay competitive and grow.
Connecticut Career Opportunities for Graduates
Graduates with master’s in finance may find many career opportunities in Connecticut. The financial services and insurance industries are major employers in Connecticut. Companies such as The Hartford, Travelers, Cigna, Aetna, MassMutual, People’s United Financial, UBS, and Bridgewater Associates are headquartered in the state. These companies may offer many different positions for graduates with finance degrees. Other large companies, from United Technologies Corporation and XPO logistics to communications companies like Charter and Frontier are based in the state. Many of these companies are based in the state’s major cities of Hartford, New Haven, Stamford, Bridgeport, and Greenwich. Those with master’s degrees from finance schools in Connecticut may find employment in one of the state’s many companies after graduation.
Connecticut Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||92,470||$81,620|
|Financial Specialists, All Other||1,060||$82,890|
|Personal Financial Advisors||4,300||$133,210|
Data from the Bureau of Labor Statistics as of 2017.4
Connecticut Salary and Job Outlook
Connecticut, with a strong financial services industry, offers many career possibilities to graduates with master’s in finance degrees. The Bridgeport, Stamford, and Norwalk metropolitan area in particular is one of the top-paying regions in the nation for business and financial operations occupations.5 Financial analysts in Connecticut can expect to earn an average salary of $104,880, higher than the national average of $97,640, and the state is home to the fifth highest concentration of financial analysts in the country.4,6 Connecticut also has the second highest concentration of personal financial advisors and financial managers nationally.7,8 Personal financial advisors earn an average of $133,210 in the state (compared to $123,100 nationally).4,7 Financial managers also earn a relatively high salary in Connecticut, $153,180 annually, compared to the national average of $139,720, and these positions are projected to grow by 430 openings a year through 2024.4,8,9 Students with finance degrees in Connecticut may have an advantage in finding employment in Connecticut’s well-paid, growing financial industry.
- Financial Planning Association of Connecticut (FPA CT) – Professional organization for financial planners with chapters in Connecticut Valley, Fairfield County, and Greater New Haven. FPA CT members can take advantage of continued educational opportunities, local seminars, and networking events.
- Connecticut Hedge Fund Association (CTHFA) – Association for professionals in the private funds industry. CTHFA provides professional development opportunities for its members and also advocates for a favorable business climate for the industry in Connecticut.
- Chartered Financial Analyst Society Hartford (CFA Society Hartford) – Professional group of chartered financial analysts in Hartford with another local chapter located in Stamford. The CFA Society hosts educational and networking events for members and offers scholarships for individuals preparing for the CFA examination.
Directory of Connecticut Master’s in Finance Programs
1073 North Benson Rd
Fairfield, CT 06824
Sacred Heart University
5151 Park Ave
Fairfield, CT 06825
University of Bridgeport
126 Park Ave
Bridgeport, CT 06604
University of Connecticut
Storrs, CT 06269
University of New Haven
300 Boston Post Rd
West Haven, CT 06516
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, Connecticut: https://www.bls.gov/oes/current/oes_ct.htm
5. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Business and Financial Operations Occupations: https://www.bls.gov/oes/current/oes130000.htm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Analysts: https://www.bls.gov/oes/current/oes132051.htm
7. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm
8. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Managers: https://www.bls.gov/oes/current/oes113031.htm
9. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm