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Finance Schools in New York

New York is known globally for its diversity and its colleges and universities are no exception with over two dozen schools offering various graduate programs in finance. Fordham University confers the Master of Global Finance; New York University features a Master of Science in Mathematics in Finance; Columbia University awards the Master of Science in Financial Engineering; and Baruch College offers an Executive Master of Science in Finance.

Quick Facts

  • There are 53 colleges and universities with finance degree programs in New York.
  • 27 schools offer a master’s or advanced degree in finance.
  • Highest graduate rate*: New York University and University of Rochester, 85%.1
  • Highest transfer-out rate*: SUNY Institute of Technology at Utica-Rome and Dowling College, 44%.1
  • Highest net price per year*: New York University, $37,656.1
  • Lowest net price per year*: CUNY Queens College, $6,019. 1
  • Annual undergraduate tuition range for finance programs in New York: $12,117 – $44,475.2
  • 6 schools in the Businessweek’s Top Business Undergraduate Programs in 2013: Cornell University (3), New York University (14), Fordham University (40), Binghamton University (57), Syracuse University (72), Rochester Institute of Technology (93).
  • 11 schools in the US News Best Business Graduate Schools in 2013 (top 100): Columbia University (8), New York University (10), Cornell University (16), University of Rochester (37), CUNY Bernard M. Baruch College (75), University at Buffalo CUNY (75), Binghamton University (79), Fordham University (79), Syracuse University (79), University at Albany SUNY (86) and Rensselaer Polytechnic Institute (96).

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

Master’s in Finance Degree Programs in New York

City University of New York

City University of New York, through the Baruch College Zicklin School of Business, offers a Master of Business Administration with a major in Finance. This degree equips students with the skills and knowledge to start careers in financial management, analysis, and various other in-demand areas. In addition to the core finance curriculum and four major courses in finance, students may elect to study finance for their nine general elective credits. City University of New York gives students access to resources befitting a university in a major metropolitan area, as well as distinguished centers and institutes for research and professional advancement.

Rochester Institute of Technology

The Rochester Institute of Technology grants a Master of Science in Finance (MSF) degree that can be pursued through full-time or part-time study through its Saunders College of Business. This MSF consists of ten courses plus a required field exam. Graduates are prepared to work as financial analysts, portfolio managers, and consultants, among other career options. Admission to the program is competitive; admitted students are eligible for scholarships and assistantships to help with the cost of tuition. The Rochester Institute of Technology has received accolades from US News & World Report, the Princeton Review, Business Insider, and Businessweek, among many others.

University of Buffalo

The University of Buffalo offers a Master of Science in Finance degree program that can be completed more quickly than a Master of Business Administration with a finance concentration, in as little as one year. Two specializations are available, Financial Management or Quantitative Finance, as well as a Summer Finance Institute program. As a major research institution, the University of Buffalo offers competitive opportunities to its graduate students, including comprehensive financial aid packages for those who qualify. The University of Buffalo regularly appears at or near the top of university rankings, and its faculty and students are also regularly recognized for academic achievements.

Career Opportunities for Graduates

New York City is a major center for finance, so it is no surprise that overall, finance and insurance are among the top industries in New York state. State income and sales taxes are low, which helps offset the relatively high cost of living in New York. American Express, which has been ranked by CNNMoney and Fortune as one of the Best Companies to Work For, is headquartered in New York City. American Express is the largest credit card issuer in the world and also offers premium business services to its clients. The company is regularly recognized by JD Power & Associates for its high customer satisfaction ratings. The emphasis at American Express is on helping its associates build rewarding careers, and finance openings are regularly posted. Goldman Sachs, also headquartered in New York, is one of the top names in investment banking and securities. Competition for openings at this firm is high, but applicants may gain an advantage by pursuing one of the firm’s many internship opportunities.

New York Financial Analyst and Manager Salary and Job Outlook

Financial analysts in New York earn an average annual salary of $110,450,5 well above the national average of $74,350 for this occupation.6 Financial managers in the state earn an even higher annual average of $163,620,5 which is also significantly more than the national average for financial managers at $103,910.6 The quality of life for New York state residents is high according to data compiled by Forbes, as are the state’s economic climate and growth prospects.

New York Finance Salary and Jobs

OccupationNumber EmployedAverage Salary
Financial Analysts33,240$116,350
Financial Examiners2,070$105,900
Financial Managers34,540$170,370
Loan Officers16,570$116,950
Personal Financial Advisors23,710$123,250

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 & 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_ny.htm
6. Bureau of Labor Statistics: https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5