Finance Schools in Rhode Island
The following information provides details about master’s degrees in finance offered in Rhode Island. Students can pursue a variety of finance degrees, from Master of Science in Finance (MSF) to Master of Business Administration (MBA) degrees. Some universities offer specialization or concentration areas, and others offer preparation for professional designations like the Chartered Financial Analyst (CFA) or the Certified Public Accountant (CPA) examinations. Students can find programs that are offered on a full-time basis, part-time format, or even fully online. Those with advanced degrees in finance may find opportunities to work in Rhode Island’s financial sector after graduation. Continue reading below to learn more information about different types of finance master’s, program requirements, and career possibilities in Rhode Island.
Finance Program Stats
- There are 6 four-year not-for-profit colleges and universities with finance degree programs in Rhode Island.1
- 2 schools offer a master’s or advanced degree in finance.1
- Highest graduation rate*: Providence College 83%.1
- Highest transfer-out rate*: Bryant University 16%.1
- Highest net price per year*: Bryant College $36,490.1
- Lowest net price per year*: Rhode Island College $9,145.1
- Annual undergraduate tuition range for finance programs in Rhode Island*: $8,206-$46,970.1
- 2 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: Bryant University College of Business (#44), Providence College School of Business (#61).2
- No schools in the US News Best Business Graduate Schools in 2017 (top 100).3
*For 4-year not-for-profit colleges and universities that offer a finance degree program.
Schools in Rhode Island with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
University of Rhode Island
The College of Business Administration at the University of Rhode Island offers a Master of Science in Finance (MSF) degree designed for current or aspiring finance professionals looking to advance their careers. This program is open to students from a variety of educational backgrounds, such as business, economics, engineering, computer science, or mathematics. The curriculum provides training in financial theory, analysis, and strategy, and students learn the technical aspects of subjects such as corporate finance, business and security valuation, trading strategies, hedging, and corporate reorganization. Full-time students can complete the program in one year, and part-time evening students can complete the program in about two years. Graduates are prepared to sit for the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) examinations. URI alumni go on to find career opportunities in investment banks, mutual funds, consulting companies, and major corporations.
Students at Providence College’s School of Business can earn a Master of Business Administration (MBA) degree in one to two years. This program is management-focused, providing students with both business knowledge and practical business experience. The core curriculum includes courses such as Corporate Finance, Operations and Service Management, and Managing Teams and Organizations, and students also focus on developing critical thinking skills, data analysis tools, and problem-solving strategies. Students can take advantage of career development opportunities through networking events or an optional international study abroad experience. For those with specific career interests, concentrations are available in accounting, finance, international business, management, and marketing. Students without an academic history in Statistical Analysis, Managerial Finance, and Math for Business Analysis/Calculus may need to complete additional prerequisite courses.
Bryant University‘s Master of Business Administration (MBA) degree is designed for a working professional to complete in two years. Courses are taught two nights a week in the classroom, and the program is cohort-based and emphasizes alumni and professional networking connections. The coursework focuses on data-driven, quantitative skills as well as the interpersonal and communication skills necessary to lead an organization. Through team-based projects and real-life case studies, MBA students learn how to develop business strategy and make critical decisions. Students can choose a general management degree or specialize in global finance, global supply chain management, international business, or business analytics. Students can also travel abroad to complete a Global Immersion Experience, meeting with people from international businesses, firms, and governmental organizations. Those without an academic business background may need to complete prerequisite courses in macroeconomics, microeconomics, and statistics before beginning the program.
Online Master’s in Finance Programs
Johnson & Wales University
Johnson & Wales University offers a wide range of online degrees in business and finance, including a traditional Master of Business Administration (MBA) degree. This online program can be completed in as little as 18 months. The career-focused curriculum was developed with the input of industry leaders to focus on relevant business knowledge necessary for success. Core courses include Financial Management, Global Economic Environments, Business Information and Decision Making. Students learn how to critically analyze information through a business administration outlook and how to use business theory, models, and tools to address challenges. Johnson & Wales also offers online MBA programs with specialty areas such as finance, organizational leadership, nonprofit management, and operations and supply chain management, as well as an online Master of Science in Finance (MSF) degree.
Salve Regina University
Students at Salve Regina University can complete a Master of Business Administration (MBA) degree that can be earned entirely online. This program focuses on developing leadership skills in students, emphasizing leaders with technical knowledge as well as ethical and social awareness in contemporary business issues. The core curriculum covers subjects from entrepreneurship, finance, and accounting to organizational behavior and strategic management. Students with specific career interests can choose to pursue concentrations in cybersecurity, nonprofit management, social ventures, entrepreneurial enterprise and health care administration and management. For those without an academic business background, some prerequisite courses may be required in accounting, economics, and quantitative analysis in calculus or statistics.
Rhode Island Career Opportunities for Graduates
Graduates from finance schools in Rhode Island may find an opportunity to work in the state’s financial industry after completing their degrees. Rhode Island is home to many major national and international companies, including CVS Caremark and Textron. The major American bank Citizens Financial Group is headquartered in Providence, and insurance companies such as Amica Mutual Insurance and FM Global are headquartered in the state as well. Other financial companies, like Bank of America, Fidelity Investments, and Metlife Insurance Company have large centers in Rhode Island. In addition to a large finance sector, Rhode Island is also home to a number of large healthcare organizations and nationally-known companies such as Hasbro, American Power Conversion, and GTECH Corporation. Students who graduate with master’s in finance degrees may have an advantage in finding positions in financial roles in these Rhode Island companies.
Rhode Island Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||25,460||$75,000|
|Financial Specialists, All Other||690||$71,650|
|Personal Financial Advisors||N/A*||$127,380|
Data from the Bureau of Labor Statistics as of 2018.
*Data not available from the BLS.4
Rhode Island Salary and Job Outlook
Students with master’s in finance degrees in Rhode Island may be able to find positions in the state’s finance sector after graduation. Rhode Island has the second-highest concentration of financial examiners in the country, and these positions are projected to grow by 17.7% through 2024, nearly double the national rate of 9.7%.5,6 Financial examiners in Rhode Island earn an average of $86,790 annually, similar to the national average of $88,940.4,5 Rhode Island also has a high concentration of financial specialists, who earn an average of $71,650 in the state.7,4 Financial manager positions are projected to grow by 11% in Rhode Island, or 100 positions a year, and these positions earn an average of $141,420 in the state (nearly the same as the national average of $139,720).6,4,8 Students with degrees from finance schools in Rhode Island may use that degree to find a financial role in the state after graduation.
- Rhode Island Society of Certified Public Accountants (RISCPA) – State association for Certified Public Accountants. RISCPA organizes networking events and encourages continued learning and professional development for CPA members.
- Healthcare Financial Management Association, Massachusetts-Rhode Island Chapter (HFMA MA-RI) – Regional chapter of HFMA devoted to improving the financial management of healthcare organizations. This HFMA chapter organizes educational events, publishes a newsletter and industry-relevant news, and supports professional development and networking events.
- Society of Financial Service Professionals, Rhode Island Chapter (FSP Rhode Island) – Professional association for those working in the financial industry. The Rhode Island FSP supports members by providing educational opportunities and professional development resources.
Directory of Rhode Island Master’s in Finance Programs
1150 Douglas Pike
Smithfield, RI 02917
Johnson & Wales University Providence
8 Abbott Park Pl
Providence, RI 02903
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, Rhode Island: https://www.bls.gov/oes/current/oes_ri.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 Specialists, All Other: https://www.bls.gov/oes/current/oes132099.htm
8. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Managers: https://www.bls.gov/oes/current/oes113031.htm