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Finance Schools in Texas

The information in this guide is meant to help students decide between the many finance degree programs in the state of Texas. Graduates with master’s in finance degrees may find opportunities to work within the state’s growing financial services industry after finishing their studies. Students can pursue business-oriented Master of Business Administration (MBA) degrees, quantitatively-focused Master of Science in Finance (MSF) degrees, or hybrid programs that focus on other aspects of the industry. For working professionals or students who need a more flexible format, online degrees or part-time programs are available. This guide will provide details on the different types degrees and post-graduation career opportunities for students in Texas.

Finance Program Stats

  • There are 54 four-year not-for-profit colleges and universities with finance degree programs in Texas.1
  • 16 schools offer a master’s or advanced degree in finance.1

Institution-Wide Facts

  • Highest graduation rate*: University of Texas, Austin 81%.1
  • Highest transfer-out rate*: University of Houston, Downtown 49%.1
  • Highest net price per year*: Southern Methodist University $37,499.1
  • Lowest net price per year*: University of Texas, Rio Grande Valley $4,432.1
  • Annual undergraduate tuition range for finance programs in Texas*: $4,174 – $50,358.1
  • 5 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: University of Texas, Austin McCombs School of Business (#6), Southern Methodist University Cox School of Business (#21), Texas Christian University Neeley School of Business (#24), University of Texas, Dallas Naveen Jindal School of Management (#88), University of Texas, San Antonio College of Business (#113).2
  • 8 schools in the US News Best Business Graduate Schools in 2017 (top 100): University of Texas, Austin McCombs School of Business (#17), Rice University Jones Graduate School of Business (#29), Texas A&M University, College Station Mays Business School (#38), University of Texas, Dallas Naveen Jindal School of Management (#38), Southern Methodist University Cox School of Business (#52), Baylor University Hankamer School of Business (#65), Texas Christian University Neeley School of Business (#71), University of Houston C.T. Bauer College of Business (#93).3

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

Schools in Texas with Master’s in Finance Degrees

Traditional Master’s in Finance Programs

Rice University

At Rice University’s Jones Graduate School of Business, students can earn a Master of Business Administration (MBA) in two academic years. The first year of the program is devoted to core classes that focus on financial foundations like data analysis, financial management, strategic thinking, and organizational behavior. In their second year, students can choose electives to earn an academic concentration such as accounting, entrepreneurship, finance, or strategic management. Students also learn experientially outside the classroom through internships and experiences with real companies. Located in Houston, the largest city in Texas, Rice offers connections to alumni and other professionals in the finance field. The Jones Graduate School of Business also offers an online MBA and a Professional MBA available in a part-time extended format.

University of Texas at Austin

The University of Texas at Austin McCombs School of Business offers a Master of Science in Finance (MSF) degree for those interested in the quantitative skills and real-world knowledge needed in the world of finance. The program starts in July and takes place over an accelerated 10-month academic year. Students study finance theory and technical, statistical models to understand the international finance industry. Students have the option to specialize in subjects such as energy finance, corporate finance, consulting, asset management, and investment banking. The curriculum is designed with input from an advisory council of executives in the finance field to ensure the content is relevant and useful for graduates.

Texas A&M University

Texas A&M University’s full-time Master of Business Administration (MBA) can be completed in 18 months. The program focuses on applied learning through internship and study abroad opportunities, and students can also personalize their education through electives and specializations. The program is accelerated during the first year so students complete 75% of their coursework prior to their summer internships. The core curriculum focuses on financial and business foundations such as accounting, investment strategies, organizational behavior, and leadership strategies. All students select an academic track from data analytics, entrepreneurship, finance, healthcare, marketing, or supply chain operations. For post-graduation career opportunities, students can access the resources of the career development center and a global alumni network.

Online Master’s in Finance Programs

University of Texas at Dallas

The Naveen Jindal School of Management at the University of Texas at Dallas offers a Professional Master of Business Administration (PMBA) degree for working professionals looking to move up in their careers. The program is designed to teach strategic thinking and planning in a competitive global economy. Students at UT Dallas can complete the program entirely online at their own pace. Students can also take evening classes in an accelerated 24-month program or pursue a hybrid format with courses on-campus and online. A prerequisite knowledge of calculus is required for the program. The business core focuses on subjects such as financial accounting, management, statistics, and global business. After completing the core curriculum, students can choose electives to pursue their interests, although some elective courses are not available online.

West Texas A&M University

At the Paul and Virginia Engler College of Business at West Texas A&M University, students can earn a Master of Business Administration (MBA) degree completely online or in conjunction with on-campus courses. Most students complete the program in around two years, although students can choose their own accelerated or flexible format. Students start with foundational courses in financial accounting, statistics, and corporate finance, and those with an undergraduate in business administration may be able to skip some of these prerequisites. The curriculum focuses on financial knowledge in organizational behavior, international business, and quantitative analysis. After completing the core classes, students can choose an emphasis area such as general business, computer information systems, management, marketing, or healthcare management.

Texas Career Opportunities for Graduates

Texas has the second-highest gross state product in the nation, as well as the second biggest population. Graduates from finance schools in Texas may find opportunities to work for financial institutions and other companies within the state. There are many statewide banks, such as Texas Capital Bank and the Bank of Texas, as well as corporate centers for larger banks like Bank of America and Wells Fargo Bank. National and international companies such as AT&T, Kimberly-Clark, Whole Foods Market, and American Airlines are headquartered in the state in addition to many of the nation’s largest oil companies. Students with master’s in finance may have an advantage in finding employment opportunities with these companies and in the large economy of Texas.

Texas Finance Job Information

OccupationNumber EmployedAverage Salary
Business and Financial Operations Occupations564,390$77,250
Financial Analysts23,710$92,920
Financial Examiners3,600$85,380
Financial Managers27,670$149,470
Financial Specialists, All Other9,090$74,370
Loan Officers22,400$82,340
Personal Financial Advisors12,660$115,350

Data from the Bureau of Labor Statistics as of 2017.4

Texas Salary and Job Outlook

The finance industry in Texas is growing and graduates with degrees in finance may have an advantage in employment opportunities. Financial analyst positions are expected to grow by 19.1% over the 10-year period between 2014 and 2024 (880 annual job openings).5 Financial managers earn an annual mean wage of $149,470 in Texas, higher than the average national salary of $139,720.4,6 Personal financial advisor positions in Texas are projected to grow rapidly in the next ten years, by 30.3%, or 900 positions a year.5 The metropolitan areas of Houston and Dallas have high employment levels of personal financial advisors.7 The College Station metropolitan area is also one of the top-paying regions in the country, compensating personal financial advisors an average of $167,090 annually (compared to national average of $123,100).7

Additional Resources

  • Dallas Association for Financial Professionals (DAFP) – Professional organization for those in treasury and financial careers in Dallas and the surrounding areas. DAFP hosts professional development events as well as networking gatherings. Similar chapters of the Association for Financial professionals also in Austin, Houston, and San Antonio.
  • Texas Association for Healthcare Financial Administration (TAHFA) – Group providing educational opportunities and networking events for healthcare financial professionals. TAHFA also advocates for high financial standards for healthcare providers in Texas.
  • Texas Bankers Association (TBA) – Association of small and large banking institutions. TBA advocates for policy and regulation on behalf of the banking industry in Texas and also provides continued education opportunities for Texas bankers.

Directory of Texas Master’s in Finance Programs

Dallas Baptist University
3000 Mountain Creek Pkwy
Dallas, TX 75211
(214) 333-7100
http://www.dbu.edu

LeTourneau University
2100 S Mobberly Ave
Longview, TX 75602
(903) 500-2972
http://www.letu.edu/

Our Lady of the Lake University
411 SW 24th St
San Antonio, TX 78207
(210) 434-6711
http://www.ollusa.edu/

Southern Methodist University
6425 Boaz Lane
Dallas, TX 75205
(214) 768-2000
http://www.smu.edu/

Texas A&M University, College Station
210 Olsen Blvd
College Station, TX 77843
(979) 845-4714
http://mays.tamu.edu

Texas A&M University-Commerce
2200 Campbell St
Commerce, TX 75428
(903) 886-5102
http://www.tamuc.edu/default.aspx

The University of Texas at Arlington
701 S Nedderman Dr
Arlington, TX 76019
(817) 272-2011
https://www.uta.edu/uta/

The University of Texas at Austin
110 Inner Campus Dr
Austin, TX 78705
(512) 471-3434
https://www.utexas.edu/

The University of Texas at Dallas
800 W Campbell Rd
Richardson, TX 75080
(972) 883-2111
https://www.utdallas.edu/

The University of Texas at San Antonio
1 UTSA Circle
San Antonio, TX 78249
(210) 458-4011
https://www.utsa.edu/

University of Dallas
1845 East Northgate Dr
Irving, TX 75062
(972) 721-5000
https://udallas.edu/

University of Houston
4750 Calhoun Rd
Houston, TX 77004
(713) 743-2255
http://www.uh.edu/

University of Houston, Clear Lake
2700 Bay Area Blvd
Houston, TX 77058
(281) 283-7600
https://www.uhcl.edu/

University of North Texas
1155 Union Cir
Denton, TX 76203, USA
(940) 565-2000
https://www.unt.edu/

University of St Thomas
3800 Montrose Blvd
Houston, TX 77006
(713) 522-7911
https://www.stthom.edu/Home/Index.aqf

West Texas A&M University
2501 4th Ave
Canyon, TX 79016
(806) 651-0000
http://www.wtamu.edu/

References:
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, Texas: https://www.bls.gov/oes/current/oes_tx.htm
5. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Managers: https://www.bls.gov/oes/current/oes113031.htm
7. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm