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Finance Schools in Tennessee

The information below aims to help those interested in a master’s degree in finance in Tennessee. Potential students can choose from many different programs, from technical master’s in finance degrees to industry-focused Master of Business Administration (MBA) degrees. Working professionals in the finance field have the option of part-time programs or completing a finance degree completely online.Tennessee is home to many small companies in the financial services sector, in addition to many national companies with finance positions. This guide provides information about finance schools in Tennessee, as well as details on post-graduation career opportunities.

Finance Program Stats

  • There are 18 four-year not-for-profit colleges and universities with finance degree programs in Tennessee.1
  • 3 schools offer a master’s or advanced degree in finance.1

Institution-Wide Facts

  • Highest graduation rate*: Vanderbilt University 92%.1
  • Highest transfer-out rate*: Southern Adventist University 29%.1
  • Highest net price per year*: Belmont University $34,678.1
  • Lowest net price per year*: University of Tennessee-Martin $10,430.1
  • Annual undergraduate tuition range for finance programs in Tennessee*: $7,689–$33,524.1
  • 3 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: Lipscomb University (#77), University of Tennessee-Knoxville Haslam College of Business (#83), Belmont University Jack C. Massey Graduate School of Business (#103).2
  • 2 schools in the US News Best Business Graduate Schools in 2017 (top 100): Vanderbilt University Owen Graduate School of Management (#25), University of Tennessee-Knoxville Haslam College of Business (#54) 3

*For 4-year not-for-profit colleges and universities that offer a finance degree program.

Schools in Tennessee with Master’s in Finance Degrees

Traditional Master’s in Finance Programs

Tennessee Tech University

The Master of Business Administration (MBA) program at Tennessee Tech University focuses on business strategy and financial management. The program can be finished in as little as one year or longer on a part-time basis, and students can study on campus, fully online, or a combination of both. Students develop general business knowledge through case studies, method simulations, and research projects. In addition to core classes, students can tailor electives to obtain concentrations in finance, international business, or accounting. The faculty at Tennessee Tech emphasize an awareness of the legal, ethical, and economic environments of global businesses, and students learn about the changing technology in the industry.

University of Memphis

The University of Memphis Fogelman College of Business and Economics offers a Master of Science in Business Administration (MSBA) with an optional concentration in Finance. Coursework in the program heavily emphasizes the specialty area of finance, with some courses from the Business Information and Technology department and some courses from the Finance, Insurance, and Real Estate department. The MSBA program requires a prerequisite in calculus, although students with bachelor’s degrees in business or engineering usually pre-qualify. The degree can be completed in two years, and evening classes are available. Class sizes are small, and students explore financial topics such as corporate finance and portfolio management. The University of Memphis Professional Development Center offers career resources for students, from networking events to resume workshopping.

Vanderbilt University

At the Owen Graduate School of Management at Vanderbilt University, students can obtain a Master of Science in Finance (MSF) in as few as nine months. For those looking to further their careers, the program focuses on leadership and professional development training. Students learn the technical skills they need to work in fields such as corporate finance, investment banking, asset management, and real estate. Class sizes are small, and coursework encourages collaboration and cooperation among students. Students can customize up to 50% of their courses with MBA-level electives, which allows students to focus on their career priorities. Preparation for the Chartered Financial Analyst (CFA) exam is also available through the university.

Online Master’s in Finance Programs

University of Tennessee at Chattanooga

The University of Tennessee at Chattanooga offers an online Master of Business Administration (MBA) that can be completed in 24 months. Students take core classes focusing on organizational behavior, accounting, finance, and entrepreneurship before completing a capstone. The coursework emphasizes the theoretical knowledge of business as well as the practical application of business techniques. The program at UTC particularly focuses on the skills and strategic thinking needed for entrepreneurial success. Students can choose to pursue a general MBA or a business analytics or healthcare administration concentration.

University of Tennessee, Knoxville

At the Haslam College of Business at University of Tennessee, Knoxville, working professionals can complete the Professional Master of Business Administration (MBA). This program is designed to be completed in 16 months while students continue to work full-time. The coursework is divided into classes held on campus on Saturdays and interactive, remote learning sessions on Tuesdays. Students have the option of participating in a week-long business immersion trip at an international location. The Professional MBA emphasizes theoretical business concepts and application in the workplace. Courses teach leadership skills, managerial strategies, and communication methods. Students deepen their business knowledge in school and in their workplace through applied learning case studies.

Tennessee Career Opportunities for Graduates

Although Tennessee is not a national financial hub, there are plenty of local opportunities for graduates with master’s degrees in finance. Local banks such as First Tennessee Bank and Pinnacle Finance Partners have job opportunities for those interested in financial services positions. Many large companies, such as FedEx, AutoZone, and Caterpillar Financial Services (CAT Financial), have headquarters in Tennessee, offering positions for accountants and financial analysts. The urban centers of Memphis, Knoxville, and Nashville provide many opportunities for those with finance degrees and smaller cities like Chattanooga and Murfreesboro are growing as well. Graduates with finance degrees in Tennessee may find opportunities in the financial field all around the state.

Tennessee Finance Job Information

OccupationNumber EmployedAverage Salary
Business and Financial Operations Occupations12,880$62,750
Financial Analysts3,690$75,170
Financial Examiners620$79,490
Financial Managers13,690$105,530
Financial Specialists, All Other1,590$66,800
Loan Officers6,380$70,700
Personal Financial Advisors2,330$101,630

Data from the Bureau of Labor Statistics as of 2017.4

Tennessee Salary and Job Outlook

The growing finance industry in Tennessee offers opportunities for those with advanced finance degrees. Loan officers in Tennessee earn an annual mean wage of $75,170, similar to the national average of $76,260.4,6 Financial analyst positions are growing by 32.1% annually in Tennessee, well above the national average of 11.7%.5 The state has an average of 340 openings in business operations specialist positions per year, predicted to grow at a rate of 12.8% annually.5 Personal financial advisor positions are expected to grow at a rate of 23.9% a year in Tennessee and people in that position can expect to earn an average of $101,630 annually in the state.5,7

Additional Resources

  • Financial Planning Association of East Tennessee (FPAETN) – Association for financial planning professionals in the region. FPAETN provides continued education opportunities for members and financial planning resources for the local community.
  • Healthcare Financial Management Association, Tennessee Chapter (HFMA) – Organization for financial management professionals in the healthcare industry. HFMA hosts educational events about fiscal responsibility and the healthcare market, as well as networking gatherings.
  • Tennessee Bankers Association (TBA) – Trade association for professionals in state banks, financial institutions, and trust companies. TBA offers frequent educational trainings for professionals and financial industry advocacy activities around the state.

Directory of Tennessee Master’s in Finance Programs

Christian Brothers University
650 East Parkway
South Memphis, TN 38104
(901) 321-3000
https://www.cbu.edu/

Southern Adventist University
4881 Taylor Cir
Collegedale, TN 37315
(800) 768-8437
http://www.southern.edu/

Vanderbilt University
2201 West End Ave
Nashville, TN 37240
(615) 322-7311
https://www.vanderbilt.edu/

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_tn.htm
6. Bureau of Labor Statistics: https://www.bls.gov/oes/current/oes132051.htm
7. Bureau of Labor Statistics: https://www.bls.gov/oes/current/oes113031.htm
8. Bureau of Labor Statistics: https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6
9. Bureau of Labor Statistics: https://www.bls.gov/ooh/management/financial-managers.htm#tab-6