Finance Programs in Connecticut
Presently, there are 22 colleges and universities that offer finance programs in Connecticut. Twenty of those colleges offer Associate's degrees in finance, while 13 have Bachelor's programs in finance. Ten schools offer Master's degrees in finance, while nine programs have PhD programs in finance.
Tuition in Connecticut is fairly reasonable; the average tuition is $16,477. Grant amounts are also very high, with an average grant award of $8,838. The three most renowned finance programs in Connecticut are at Central Connecticut State University, Quinnipiac University, and University of Hartford. Central Connecticut State University and Quinnipiac University offer Bachelor's programs in finance, while the University of Hartford has a Masters-level program.
Many of the finance programs in Connecticut have specific concentrations or areas that they specialize in. Students who are pursuing an Associate's degree can pursue one that focuses on financial and insurance services at Capital Community College. Students take classes in Managerial Finance, Statistics with Technology, and Principles of Accounting. An Associate's degree takes approximately two or two and a half years to complete, as many of the programs require more than the typical 60 credits. Community colleges like Capital Community College can transfer to four-year universities to pursue a Bachelor's degree and have all of their credits transfer.
Bachelor's programs in finance also have a variety of concentrations student can choose to study. Choosing a concentration in finance might add a semester to the four-year, 120 credit Bachelor's degree in finance. At institutions like Central Connecticut State University, students can choose from specializations in Banking, Investments, or Risk Management/Insurance. Classes in a Bachelor's finance program include Principles of Investments, Financial Markets and Institutions, Bank Management, Securities Analysis, and Financial Derivatives.
Another program that offers difference finance concentrations is Quinnipiac University. Rather than concentrations, the college calls them Unique Learning Tracks. Students can choose between Investment Management, Wealth Management and Financial Planning, and Corporate Finance. Classes included in this program include Public Finance, International Finance, Derivative Securities, and Financial Modeling. In general, Bachelor's degrees in finance offer students everything they need to take the exams required for licensure in major financial careers.
Master's programs in Connecticut, such as the one offered at Fairfield University, provide students the opportunity to focus on a specific field in finance. Fairfield University offers study in the areas of Investments, Corporate Finance, and Banking. This degree is recommended for students who want to become Chartered Financial Analysts, Certified Financial Managers, Certified Financial Planners, or Financial Risk Managers. A Master's degree in finance is usually around 30 credits and takes from one and a half years to two years for a full-time student to complete.
Finance students in Connecticut have unique scholarships available to them. The Healthcare Financial Management Association-Connecticut Chapter provides scholarships of $1,000-$4,000 every year for Connecticut finance students. Seniors and juniors can apply for the Andy Walker Jr. Award and Scholarship, while all finance majors can apply for the Marvin Anthony Scholarship.
Students who go on to become investment advisors must earn their investment advisor representative license. After taking one of two exams—the Series 65 or 66 exam—finance professionals must register with the Department of Banking. The exam requirement may be waived for people who hold other financial licenses, including people who are Chartered Financial Analysts, Personal Financial Specialists, or Chartered Life Underwriters.
Many certifications, included Financial Risk Management, are optional. While a financial professional does not have to become licensed, they may choose to pursue licensure. This, and other fields, require five years of experience in finance before students can call themselves certified.
The number of jobs for finance graduates is growing every year in Connecticut. This is because Connecticut is #1 in the country for average personal income, so there is lots of money that needs to be invested. This offers a big opportunity for financial planners and analysts.
On average, financial professional in Connecticut earn higher than average salaries for the same jobs in other parts of the country. The highest-earning financial professionals are financial analysts, who earn on average $107,170 per year. The lowest paid Bachelor-level professionals are tax preparers, earning on average $52,160 per year.
Those with an Associate's degree in finance have many career prospects in Connecticut as well. Bookkeepers and auditing clerks make an average of $42,190 per year, while other financial clerks make an average of $46,770 per year.
Large investment firms in Connecticut are some of the biggest finance employers. These firms include Barker Gilmore, Edelman & Associates, Northwestern Mutual, First Command Financial Services, and the Hartford.