Finance Schools in Kentucky
The guide below provides information on advanced finance degrees in Kentucky. Finance schools in Kentucky offer a number of different degree options, from Master of Business Administration (MBA) degrees to Master of Science in Finance (MSF) programs. Students can find full-time or part-time programs as well as fully online degrees. Some programs are designed for those with a business background while others are ideal for recent undergraduate students or individuals changing careers. Those with a master’s in finance degree may find opportunities in the financial field in Kentucky after graduation. Read on below to find details on different degree programs and possible employment opportunities in Kentucky.
Finance Program Stats
- There are 9 four-year not-for-profit colleges and universities with finance degree programs in Kentucky.1
- 1 school offers a master’s or advanced degree in finance.1
- Highest graduation rate*: Bellarmine University and University of Kentucky 64%.1
- Highest transfer-out rate*: Western Kentucky University 30%.1
- Highest net price per year*: Bellarmine University $24,742.1
- Lowest net price per year*: Berea College $2,862.1
- Annual undergraduate tuition range for finance programs in Kentucky*: $39,750-$8,400.1
- 1 school in the Businessweek’s Top Business Undergraduate Programs in 2016: University of Kentucky Gatton College of Business and Economics (#).2
- 2 schools in the US News Best Business Graduate Schools in 2017 (top 100): University of Kentucky Gatton College of Business and Economics (#86), University of Louisville (#86).3
*For 4-year not-for-profit colleges and universities that offer a finance degree program.
Schools in Kentucky with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
University of Kentucky
At the Gatton College of Business and Economics at University of Kentucky, students can earn a Master of Science in Finance (MSF). This degree program prepares students for careers in the finance and banking industries through teaching technical, analytical, and interpersonal skills. Full-time students can complete the program in nine months, and part-time students can take two to three years. The curriculum emphasizes foundational subjects such as corporate finance, international financial management, and investments. In addition, students can participate in the $5 million student-managed investment fund or use university resources to prepare for the Chartered Financial Analyst (CFA) exam. UK alumni go on to work in fields such as investment banking and asset management and in positions involving the management of mutual funds and hedge funds, as well as in corporate treasury departments.
University of Louisville
The University of Louisville’s College of Business offers a Master of Business Administration (MBA) degree that can be completed in 13 months. This program is ideal for recent graduates with little professional experience as well as working professionals interested in an accelerated MBA. The courses are taught during the evening three days a week, allowing students to work full-time or complete a paid internship. The curriculum includes courses such as strategic analysis, finance, organizational behavior, and operations management. In addition to theoretical coursework, students learn hands-on business skills through professional development modules and networking opportunities. UofL also offers an entrepreneurship MBA and a part-time professional MBA.
Murray State University
At Murray State University’s Arthur J. Bauernfeind College of Business, students can earn a Master of Business Administration (MBA) degree on campus or completely online. The program focuses on a comprehensive business management curriculum that prepares students for a variety of careers in the global economy. Students start by studying foundational courses in financial accounting, economics, business calculus, and principles of marketing. Some credits for these foundational courses can be transferred from other schools (pending administrative approval). Students then complete core courses such as Accounting for Decision-Making, Managerial Economics, and Corporate Finance. For those interested in an online degree with courses taught by the same on-campus faculty, the tuition is the same for in-state and out-of-state students.
Online Master’s in Finance Programs
Northern Kentucky University
Northern Kentucky University offers a fully online Master of Business Administration (MBA) program that students can complete in as little as 12 months. This program focuses on the business knowledge and tools that help a student advance in his or her career. The curriculum starts with foundational business concepts including classes on topics such as management, marketing, and accounting. After completing the core requirements, students choose to focus on two of three specialties: finance, leadership, or innovation through competitive intelligence. Each specialty requires a sequence of three courses, allowing students to explore their chosen interests more in depth. NKU’s online MBA has rolling admissions and multiple start dates throughout the year. Tuition for the program is the same for in-state and out-of-state students.
Western Kentucky University
Students at the Gordon Ford College of Business at Western Kentucky University can earn an online Master of Business Administration (MBA) degree. The program combines foundational theory, real-world experience, and business technology to help students grow careers in business and nonprofit organizations. Students focus on topics in-depth, studying one course at a time before moving to the next. The curriculum can be finished full-time in 18 months, and part-time students can take up to five years. The tuition is the same for in-state and out-of-state students. WKU also offers an optional certification in business sustainability, as well as a full-time MBA and a part-time Executive MBA. Individuals without an academic background in business may need to complete the MBA Foundational Module to be proficient in the principles of accounting, economics, and finance before starting the program.
Kentucky Career Opportunities for Graduates
Graduates with master’s degrees in finance in Kentucky may find career opportunities in the state after graduation. Kentucky’s state economy is largely based on agriculture, automobile manufacturing, energy production, and medical facilities. Large companies such as Toyota, Ford, UPS, and local energy companies are based in the state, mostly in and around the urban areas of Louisville and Lexington. Healthcare organizations such as Humana, Norton Healthcare, Anthem, and Kindred Healthcare also have headquarters in Kentucky. The state is home to a number of local banking and financial institutions, such as Forcht Group of Kentucky, Paducah Bank, and Republic Bank & Trust Company. Graduates with degrees in finance may find positions in these financial institutions or in financial roles at one of the state’s many companies.
Kentucky Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||68,370||$60,820|
|Financial Specialists, All Other||1,420||$54,570|
|Personal Financial Advisors||1,540||$89,830|
Data from the Bureau of Labor Statistics as of 2017.4
Kentucky Salary and Job Outlook
Graduates with a master’s degree in finance in Kentucky may find positions in the state’s growing financial sector after graduation. Although many Kentucky salaries in the finance industry are lower than national averages, the cost of living in Kentucky is also relatively low.5 Financial analysts in Kentucky earn an average of $74,620 annually, less than the national average of $97,640.4,6 However, financial analyst positions in Kentucky are projected to grow 12.5% through 2024, similar to the national projected rate of 11.7%.7 Financial manager positions are projected to grow 13.7% in the state, or by 340 positions annually, through 2024, which is over double the national average of 6.8%.7 Personal financial advisors in Kentucky can expect to earn an average of $89,830 annually.4 Students pursuing master’s degrees in finance in Kentucky may have an advantage in finding positions in this state’s growing financial services economy after graduation.
- Healthcare Financial Management Association Kentucky Chapter (HFMAKY) – Professional organization for financial professionals working in the state’s healthcare industry. HFMAKY supports continued learning opportunities, professional networking, and advocacy on behalf of the industry.
- Kentucky Bankers Association (KBA) – Association of statewide banking institutions. KBA hosts educational seminars on industry topics and networking events and also provides legal and business resources to members.
- Kentucky Government Finance Officers Association (KYGFOA) – Professional association dedicated to promoting quality work in state and local government financial management. KYGFOA provides resources and educational opportunities on best industry practices and also hosts networking events.
Directory of Kentucky Master’s in Finance Programs
Northern Kentucky University
Highland Heights, KY 41099
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, Kentucky: https://www.bls.gov/oes/current/oes_ky.htm
5. Sperling’s Best Places, Kentucky State Cost of Living: https://www.bestplaces.net/cost_of_living/state/kentucky
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Analysts: https://www.bls.gov/oes/current/oes132051.htm
7. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm