Finance Schools in Pennsylvania
Pennsylvania universities offer a diverse range of master’s in finance programs. The guide below provides information to help you choose from different advanced degrees in finance. Some universities in Pennsylvania offer full-time, accelerated degrees, while other schools have part-time formats, evening and weekend classes, and even fully online degrees. Students with finance degrees in Pennsylvania may have an advantage finding career opportunities in the state after graduation. Read below to learn about different finance degree options and employment opportunities in the world of finance.
Finance Program Stats
- There are 47 four-year not-for-profit colleges and universities with finance degree programs in Pennsylvania.1
- 17 schools offer a master’s or advanced degree in finance.1
- Highest graduation rate*: University of Pennsylvania, 95%.1
- Highest transfer-out rate*: Lincoln University, 39%.1
- Highest net price per year*: Drexel University, $39,021.1
- Lowest net price per year*: Holy Family University, $15,611.1
- Annual undergraduate tuition range for finance programs in Pennsylvania: $11,102 – $52,310.1
- 8 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: Villanova University School of Business (#1), University of Pennsylvania Wharton School (#16), Pennsylvania State University Smeal College of Business (#19), Carnegie Mellon University Tepper Business School (#26), Lehigh University College of Business and Economics (#32), University of Pittsburgh Joseph M. Katz Graduate School of Business (#49), Duquesne University Palumbo Donahue School of Business (#55), Drexel University LeBow College of Business (#78).2
- 6 schools in the US News Best Business Graduate Schools in 2017 (top 100): University of Pennsylvania Wharton School (#1), Carnegie Mellon University Tepper Business School (#19), Temple University Fox School of Business (#32), Pennsylvania State University Smeal College of Business (#36), University of Pittsburgh Joseph M. Katz Graduate School of Business (#53), Drexel University LeBow College of Business (#88).3
*For 4-year not-for-profit colleges and universities that offer a finance degree program.
Schools in Pennsylvania with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
University of Pennsylvania
The Wharton School at the University of Pennsylvania offers a Master of Business Administration (MBA) degree that can be completed in 20 months, including a summer internship. Students study a general business curriculum and then choose from 19 different majors, such as finance, business analytics, multinational management, and entrepreneurial management. The MBA finance major at the University of Pennsylvania focuses on the analytic theories of the field and emphasizes quantitative foundations. MBA students within the finance major study tools that are applicable to real-world issues in finance and learn mathematical and statistical techniques for economic analysis. Finance majors may graduate and find positions in financial management in business firms, financial institutions, and government and not-for-profit entities.
At Drexel University’s LeBow College of Business, students can earn a Master of Science in Finance (MSF) degree. The 54-credit program can be completed in 24 months and students have the option to attend full-time, part-time, or online. The curriculum focuses on foundational theories used by financial professionals, with courses in corporate financial management, investment management, business institutions, and markets. The program also emphasizes critical thinking skills and experiential learning and students have the option to pursue an internship or consulting experience with an employer in the finance industry. Many students pursue the Chartered Financial Analyst designation post-graduation. Drexel University also offers a Master of Business Administration (MBA) with a finance concentration.
Pennsylvania State University
Pennsylvania State University’s Smeal College of Business offers a Master of Business Administration (MBA) degree that can be earned in two academic years. The first year of the program is comprised of core classes that emphasize fundamental business skills and the operations of international markets. In the second year, students choose their elective coursework and can concentrate on subjects such as consulting, finance, marketing, or supply chain management. Students learn about the challenges of international business and the tools to think critically and solve problems creatively. The MBA program emphasizes business leadership skills such as effective communication and interpersonal abilities. The curriculum at Pennsylvania State University is designed with the input of corporate recruiters and alumni advisors, so students are taught industry-relevant skills and are connected with top companies post-graduation.
Online Master’s in Finance Programs
At Lehigh University, working professionals can earn a flexible Master of Business Administration (MBA) on campus or online. The program can be completed on campus in an accelerated 16-24 months, or online and part-time in 24-72 months. Students learn theories and concepts that are relevant to solving challenges in the business community. The coursework focuses on organizational leadership, globally-relevant business concepts, business value chain principles, and ethical decision making. The core curriculum is 21 credits, and students can then select 15 elective credits for an optional concentration, including finance, international business, and project management.
Carnegie Mellon University
Carnegie Mellon University offers a part-time online Master of Business Administration (MBA) through the Tepper School of Business. Working professionals can study the same curriculum as full-time and part-time students with the flexibility of online classes. Students complete one live evening class per week for every course and study additional written or recorded material. Class sizes are small and online students can take advantage of a flexible format that still includes rigorous study and team-based projects. Online students are also required to attend immersive “Access Weekends”, held on campus every two months. These six yearly sessions allow students to access campus resources in person as well as network and create connections. The curriculum focuses on leadership development and analytics, teaching skills that help graduates navigate complex real-world business problems.
Pennsylvania Career Opportunities for Graduates
Pennsylvania, the fifth most populous state in the nation, has a growing financial sector. Most financial services and business institutions are clustered around the big cities in the state such as Philadelphia, Pittsburgh, Allentown, and Erie. Historically, Pennsylvania was home to some of the first nationally chartered banks, and now is home to headquarters of Wells Fargo and PNC Financial Services group. There are many community and state-wide banks, as well as corporate headquarters for companies like Comcast, Rite Aid, and Aramark. Financial institutions like Dollar Financial Group, Vanguard, and HSBC Bank USA have centers in Pennsylvania. Students with master’s in finance degrees in Pennsylvania may find opportunities within the state after graduation with these numerous companies and financial institutions.
Pennsylvania Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||275,630||$72,010|
|Financial Specialists, All Other||4,000||$78,900|
|Personal Financial Advisors||8,350||$119,140|
Data from the Bureau of Labor Statistics as of 2017.4
Pennsylvania Salary and Job Outlook
The finance job market in Pennsylvania pays comparable wages and has similar growth rates to national finance industry averages. Financial examiners in the state can earn a mean salary of $90,050, similar to the national average of $88,940.4,5 Loan officers in Pennsylvania can earn an average of $69,450 annually, although these positions in the state are only predicted to grow 2% over a ten year period.4,6 Financial managers in Pennsylvania can earn $149,980 a year, higher than the national average of $139,720.4,7 Regions in southern and western Pennsylvania have some of the highest employment levels of financial managers in non-metropolitan areas in the nation.7
- Pennsylvania Bankers Association (PA Bankers) – Association of professionals in the financial services trade. PA Bankers provides educational seminars, training resources, and advocacy activities to keep Pennsylvania’s bankers competitive.
- Pittsburgh Association for Financial Professionals (PAFP) – Regional chapter of the Association for Financial Professionals serving Southwestern Pennsylvania. PAFP hosts bi-monthly member meetings featuring industry speakers and networking opportunities as well as a yearly forum on industry issues.
- National Association of Insurance and Financial Advisors, Pennsylvania (NAIFA-PA) – Professional organization for those in the financial advising industry. NAIFA-PA hosts educational events and networking opportunities for its members and also practices advocacy for the industry in the state of Pennsylvania.
Directory of Pennsylvania Master’s in Finance Programs
Carnegie Mellon University
5000 Forbes Avenue
Pittsburgh, PA 15213
3141 Chestnut St
Philadelphia, PA 19104
109 W Sixth St
Erie, PA 16541
Holy Family University
9801 Frankford Avenue
Philadelphia, PA 19114
133 N River St
Wilkes-Barre, PA 18711
La Salle University
1900 W Olney Ave
Philadelphia, PA 19141
27 Memorial Drive West
Bethlehem, PA 18015
1570 Baltimore Pike
Lincoln University, PA 19352
Pennsylvania State University-Penn State Great Valley
30 East Swedesford Road
Malvern, PA 19355
Saint Joseph’s University
5600 City Avenue
Philadelphia, PA 19131
1801 North Broad Street
Philadelphia, PA 19122
University of Pennsylvania
34th & Spruce Street
Philadelphia, PA 19104
University of Pittsburgh-Pittsburgh Campus
4200 Fifth Avenue
Pittsburgh, PA 15260
University of Scranton
800 Linden Street
Scranton, PA 18510
University of the Sciences
600 South 43rd Street
Philadelphia, PA 19104
800 Lancaster Avenue
Villanova, PA 19085
One University Place
Chester, PA 19013
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, Pennsylvania: https://www.bls.gov/oes/current/oes_pa.htm
5. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm
6. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
7. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Managers: https://www.bls.gov/oes/current/oes113031.htm