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Finance Schools in Virginia

While more than a dozen of Virginia’s colleges and universities offer undergraduate programs in finance, no schools feature graduate programs in finance. However, students can still remain in Virginia and earn a master’s degree in finance through an online program. Online programs typically allow students to fulfill degree requirements entirely online.

Quick Facts:

  • There are 14 colleges and universities with finance degree programs in Virginia.
  • No schools offer a master’s or advanced degree in finance.
  • Highest graduate rate*: Virginia Polytechnic Institute and State University, 83%. 1
  • Highest transfer-out rate*: Ferrum College and Virginia Union University, 48%.1
  • Highest net price per year*: Hampton University, $21,049. 1
  • Lowest net price per year*: Old Dominion University, $11,775. 1
  • Annual undergraduate tuition range for finance programs in Virginia: $14,630 – $27,764. 2
  • 4 schools in the Businessweek’s Top Business Undergraduate Programs in 2013: University of Virginia (2), College of William and Mary (27), James Madison University (29) and Virginia Polytechnic Institute and State University (52).
  • 3 schools in the US News Best Business Graduate Schools in 2013 (top 100): University of Virginia (12), College of William and Mary (70) and Virginia Tech (75).

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

Master’s in Finance Degree Programs in Virginia

Radford University
Radford University offers a Master of Business Administration that provides students with an education in business which can be tailored towards interests in finance through elective credits. The program can be taken full-time with flexible scheduling or part-time in the evenings. The curriculum includes applied projects in which students work on solutions to real world problems and opportunities for interdisciplinary and directed study. Radford University has been called a “Top Up-and-Coming School” by US News and is ranked among the top schools in the Southeast by the Princeton Review.

Virginia Commonwealth University
Virginia Commonwealth University awards a Master of Science in Business with a concentration in Finance that extensively covers the principles and practices of finance in business. Courses for the program are offered in the evenings, and students can pursue the degree through full or part-time study. The Virginia Commonwealth University School of Business actively assists students in forming professional networks through extended business relationships and additional learning opportunities. US News & World Report, the National Science Foundation, and the Princeton Review have included Virginia Commonwealth University in their respective rankings of top schools.

Virginia Tech
Virginia Polytechnic Institute and State University, more widely known as Virginia Tech, offers two programs to help finance professionals develop their skills: A Master of Business Administration with concentrations in either Corporate Finance or Investment Management and a Master of Science in Business, Finance Specialization. The Master of Science in Business, Finance Specialization program is highly competitive and enrolls an extremely limited number of students each year, whereas the MBA programs accept a greater number of students while still offering an academically rigorous program. After completing either program, students are prepared to embark upon desirable career paths in commercial banking, investment banking, and other areas of finance. Virginia Tech is consistently recognized by US News & World Report, Businessweek, and the Princeton Review as a top school.

Career Opportunities for Graduates

Virginia holds a top spot on Forbes’ Best States for Business rankings due to its accommodating regulatory environment, growth prospects, and economic climate. The State of Virginia Workforce Connection reports Capital One is one of the largest employers in the state. This well-diversified financial services firm is a component of the Fortune 500 and is headquartered in McLean, Virginia. Capital One offers benefits to support its employees’ physical and financial health and frequently posts openings for finance roles. Freddie Mac, part of the Federal Housing Finance Agency, is also based in McLean, with additional offices in Reston and Herndon. Freddie Mac is aggressively seeking finance and accounting professionals to assist the agency in its various functions.

Virginia Financial Analyst and Manager Salary and Job Outlook

On average, Virginia financial analysts earn $82,440 per year.5 Virginia financial managers earn an average of $126,710 per year.5 Virginia has among the highest concentrations of financial analysts in the nation, especially through the Washington-Arlington-Alexandria metro corridor.6 Opportunities for financial managers are also plentiful in this area.7 The US Bureau of Labor Statistics predicts that financial analysts will see 23% job growth between 2010 and 2020,8 and that financial managers will see somewhat slower but still healthy job growth of 9% during the same period.9

Virginia Finance Salary and Jobs

OccupationNumber EmployedAverage Salary
Financial Analysts9,060$89,040
Financial Examiners1,370$73,410
Financial Managers13,570$130,090
Loan Officers6,890$66,800
Personal Financial Advisors3,750$95,560

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/?degree=4-year&state=VA&major=finance-accounting&sort=best
3. Bloomberg Businessweek: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
4. US News and 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_va.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