Finance Programs and Careers in Massachusetts
This guide provides an overview of programs and opportunities for those interested in earning a degree and beginning a career in finance in Massachusetts. Prospective students will find various finance degree options in Massachusetts, from bachelor’s programs to master’s and Master of Business Administration (MBA) programs with finance concentrations. Some schools also offer part-time programs, evening and weekend classes, or fully online finance degrees. Graduates with degrees in finance can find growing financial industry opportunities in the state, from high-paying positions as financial analysts to investment managers. The information below offers details on finance programs and career prospects in Massachusetts.
- There are 38 colleges and universities with finance degree programs in Massachusetts.1
- 8 schools offer a certificate in finance.1
- 1 school offers an associate’s degree in finance.1
- 32 schools offer a bachelor’s degree in finance.1
- 18 schools offer a master’s or advanced degree in finance.1
- 3 schools ranked in Forbes’ Best Business Schools 2019.2
- 4 schools ranked in Princeton Review’s Great Schools for Business and Finance Majors 2020.3
- 3 schools ranked in US News & World Report’s Best Undergraduate Finance Programs 2021.4
- 3 schools ranked in US News & World Report’s Best Graduate Finance Programs 2021.5
For not-for-profit colleges and universities with finance degree programs.
Table of Contents
- Comparison of Finance Programs
- Top-Ranked Schools with Finance Programs in Massachusetts
- Select Schools in Massachusetts with Finance Degrees
- Massachusetts Finance Careers and Salary Outlook
- Finance Associations in Massachusetts
Massachusetts Finance Program Comparison
We have developed the following table to help you compare all of the finance programs in Massachusetts from not-for-profit schools that offer programs with a concentration in finance. In addition to allowing you to compare the business school’s accreditation, finance degrees that appear in bold are Chartered Financial Analyst (CFA) Institute University Affiliation Programs, those that have been recognized for curricula aligned to preparing for the CFA Exam.
|School Name||Accreditation||Finance Degree(s)||Acceptance Rate6||Grad Rate1||Online Options?||Median Debt7||Net Price1|
|American International College||IACBE||BS-Economics/Finance;|
Minor-Fraud and Financial Crimes
|Assumption University||—||BA-Actuarial Science;|
BS-Managerial Financial Planning and Analysis;
BS-Corporate Finance and Accounting;
|Boston College||AACSB||BS-Accounting for Finance and Consulting;|
Minor-Accounting for Finance and Consulting;
|Boston University||AACSB||BSBA: Finance;|
MS-Mathematical Finance & Financial Technology
|Bridgewater State University||—||Certificate-Finance;|
BS-Accounting and Finance: Finance;
Minor-Accounting and Finance;
|Bunker Hill Community College||—||AS-Finance||N.Av.||14%||—||$4,750||$8,358|
|Clark University||AACSB||Accelerated BA/MSF: Finance*;|
|Curry College||IACBE||BA-Business Administration: Finance||N.Av.||52%||—||$19,267||$28,766|
|Eastern Nazarene College||—||BS-Finance||N.Av.||40%||—||$18,500||$20,798|
|Elms College||IACBE||Certificate-Financial Planning;|
|Emmanuel College||—||BA-Economics: Finance;|
|Fisher College||IACBE||BS-Management: Finance||N.Av.||33%||—||$9,500||$23,981|
|Framingham State University||IACBE||BS-Finance;|
BS-Finance: Financial Planning;
|Harvard University||AACSB||Certificate-Financial Accounting;|
Certificate-Leading with Finance;
|Hult International Business School||AACSB||MS-Finance||38.4%||N.Av.||—||N.Av.||$44,377|
|Lesley University||ACBSP||Minor-Financial Planning||N.Av.||60%||—||$15,750||$33,524|
|Massachusetts Institute of Technology||AACSB||BS-Finance;|
|Merrimack College||—||BSBA: Financial Planning;|
|Nichols College||IACBE||BSBA: Finance;|
BSBA: Corporate Finance & Investments
|Northeastern University||AACSB||Certificate-Corporate Finance;|
Certificate-Financial Markets and Institutions;
MS-Finance and Business Administration
|Regis College||ACBSP||Certificate-Financial Planning;|
|Salem State University||—||BSBA: Corporate Finance and Accounting;|
|Simmons University||AACSB||BSBA: Finance;|
|Stonehill College||AACSB||BSBA: Finance;|
|Suffolk University||AACSB||Certificate-Corporate Finance;|
Certificate-Financial Services and Banking;
BSBA: Corporate Accounting and Finance;
MS-Financial Services and Banking;
MS/MS-Dual Degree Accounting/Finance*;
MS/MBA-Dual Degree Finance/MBA
|University of Massachusetts-Amherst||AACSB||BBA: Finance;|
|University of Massachusetts-Boston||AACSB||MS-Finance||N.Av.||49%||Yes||$16,250||$17,511|
|University of Massachusetts-Dartmouth||AACSB||Certificate-Finance;|
|University of Massachusetts-Lowell||AACSB||BSBA: Finance;|
|Western New England University||AACSB||BS-Finance;|
|Worcester Polytechnic Institute||AACSB||Certificate-Financial Technology;|
- * indicates combined program.
- — indicates none.
- N.Av. indicates no data available.
Top-Ranked Schools with Finance Programs in Massachusetts
Forbes’ Best Business Schools 2019
- Harvard University (#4)
- Massachusetts Institute of Technology (#8)
- Boston University (#39)
Georgetown CEW’s ROI Ranking by Long-Term Net Present Value 2019
The Georgetown University Center on Education and the Workforce (CEW) has compared 4,500 colleges and universities on graduates’ return on investment (ROI). We use their net present value (NPV) ranking, which is the current dollar value of earning a four-year degree from the school over a 40-year horizon.
- Massachusetts Institute of Technology (#4; $2,273,000)
- Babson College (#7; $1,985,000)
- Harvard University (#8; $1,967,000)
- Bentley University (#20; $1,786,000)
- Worcester Polytechnic Institute (#28; $1,725,000)
- Boston College (#57; $1,476,000)
- Northeastern University (#79; $1,385,000)
- Boston University (#116; $1,294,000)
- Stonehill College (#186; $1,216,000)
- Brandeis University (#255; $1,151,000)7
Princeton Review’s Great Schools for Business and Finance Majors 2020
- Babson College
- Bentley University
- Boston College
- Massachusetts Institute of Technology
US News & World Report’s Best Undergraduate Finance Programs 2021
- Massachusetts Institute of Technology (#4)
- Boston College (#7 tie)
- Babson College (#30 tie)
- Massachusetts Institute of Technology (#5)
- Harvard University (#7)
- Boston College (#31 tie)
- Financial Planning Association of Massachusetts (FPAMA): Local chapter of FPA advocating for the value of financial planning, providing networking, education events, and group philanthropic activities.
- Financial Executives International-Boston (FEI): Professional organization for senior and mid-level corporate financial managers that provides opportunities to network across industries, as well as educational professional development programs.
- Society of Financial Service Professionals, Boston Chapter (FSP): Society of professionals in the financial services sector, including members from real estate, financial planning, and insurance, among other industries.
US News & World Report’s Best Graduate Finance Programs 2021
Select Schools in Massachusetts with Finance Degrees
Traditional Undergraduate Programs
At Framingham State University (FSU), students enrolled in the College of Business can earn an IACBE-accredited Bachelor of Science (BS) in Finance. Admittance to the program requires the completion of prerequisite coursework and/or test scores that demonstrate that students can meet the academic performance required for the level of the program. The rigorous curriculum prepares students for the global business environment through courses such as Managerial Finance, Legal Environment of Business, and Quantitative Modeling for Business and Economics. Students must choose one of two concentrations: General Finance or Financial Planning. Each concentration consists of seven specialization courses that include core courses and electives. The Financial Planning concentration is approved by the CFP Board and certifies students to sit for the CFP exam.
Lasell University’s College of Business offers an ACBSP-accredited Bachelor of Science (BS) in Finance that prepares students to gain various industry certifications such as CFP (Certified Financial Planner), CFA (Certified Financial Analyst), ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter), and the Series 6, 63, and 7 broker licenses. The curriculum emphasizes hands-on experience including internships and partnerships with major corporations. Classes are structured boardroom-style rather than lecture-style and students practice research and analysis through projects that challenge them to generate and record revenue. A seven-course program is available that is designed to meet the CFP Board of Standards requirements and can be completed over eight weeks. Students can opt to complete a challenging double major in accounting and finance in as little as three years.
Traditional Master’s Programs
At the Massachusetts Institute of Technology (MIT), students can earn a Master of Finance (MFin) from the Sloan School of Management. This STEM-designated program focuses on academic research in the field of financial economics. Students learn about the global finance economy using quantitative methods to analyze complex financial systems. This master’s degree also focuses on innovative management practices and the application of financial research in the real world. Courses encourage collaborative learning and student clubs offer opportunities to network outside of the classroom. The highly customizable program includes such courses as Foundations of Modern Finance, Corporate Financial Accounting, and Financial Markets. Students can complete the program in 12 to 18 months, and graduates can find opportunities in asset management, consulting companies, corporate banks, and treasury and finance departments. MIT also offers a Bachelor of Science (BS) in Finance and a Minor in Finance option.
The Master of Business Administration (MBA) program at Suffolk University (SU) in Boston offers a concentration in Finance that focuses on real-world business knowledge. Students have the option to specialize in subjects such as corporate finance, financial technology (fintech), investments, and risk management. The downtown Boston campus is located near biotech, finance, and start-up businesses and the student career center offers opportunities to form connections in the financial industry. Students can attend professional workshops to build their resumes, expand their networks, and learn about other professional development opportunities. Some courses may be waived for those who are already certified public accountants (CPAs) and other accelerated program options are available. The SU North Campus in Lawrence, Massachusetts, offers the same MBA program on a full- or part-time basis, and the degree can also be completed online.
The University of Massachusetts in Boston (UMB) offers a Master of Science in Finance (MSF). The program consists of 10 courses, or 30 credits, and students complete core classes, finance electives, and a capstone course. The program can be completed on a full-time or part-time basis, and it is geared toward those looking for careers in the finance sector. Students can choose between a General Finance track or an Investment Management and Quantitative Finance focus. The program emphasizes business foundations, focusing on market analysis and financial decision-making. Students collaborate on real-world projects that require critical thinking, creative problem solving, and strategic planning. The highly competitive program admits students based on prior academic record, professional experience, test scores, essays, and recommendations.
Online and Hybrid Programs
Bridgewater State University (BSU) offers an online option for students seeking careers in banking, financial planning, and investments. The Bachelor of Science (BS) in Finance is designed to develop students’ problem-solving and critical thinking skills while making decisions based on ethics and good business. The program emphasizes business communication skills and teamwork in a variety of business and financial settings. Students gain Bloomberg certification as part of their coursework which includes Fundamentals of Financial Reporting; Real Estate Investment and Finance; and Statistics for Economics and Business. The Boston Chartered Property Casualty Underwriters (CPCU) chapter and other professional organizations maintain close ties to the program, providing mentorship opportunities for students. A minimum grade of “C-” is required in all courses in the 120-hour program. A graduate Certificate in Finance is also available.
Gordon College’s Master of Science in Financial Analysis (MSFA) is a STEM-designated program designed to prepare students for the Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and Certified Management Accountant (CMA) certifications. Almost all of the coursework is completed online except for an intensive, interactive in-person two-week Summer Residency that offers networking opportunities. The flexible 36-credit hour degree can be earned in one or two years, depending on part-time or full-time status. Prerequisite online learning modules must be completed prior to starting the program. Course titles include Equity Analysis, Corporate Finance, and Alternative Investments. Gordon College, located north of Boston, also offers a Bachelor of Arts (BA) in Finance program.
At the University of Massachusetts Amherst’s Isenberg School of Management, financial professionals looking to further their careers can earn a Master of Business Administration (MBA) online. Online students study the same comprehensive curriculum as on-campus students but are able to complete their degree on a flexible schedule, potentially without taking time off from their full-time jobs. The MBA curriculum is based on general business principles and includes finance elective courses, and students can pursue specialized degrees with focuses such as Finance, Business Analytics, and Marketing. This highly adaptable finance master’s degree can be earned completely online or students can take some courses in-person at the Boston, Shrewsbury, or Springfield campuses. Graduates work in careers such as investment banking, corporate finance, and venture capital.
Massachusetts Finance Careers and Salary Outlook
Massachusetts, the most populous state in the New England region, is home to several large investment companies, like Putnam Investments and MFS Investment Management, as well as banks like State Street Bank and Eastern Bank. The Boston metropolitan area is the financial, business, and entrepreneurial center of the state; many companies, including Fidelity Investments, have headquarters in this area. Graduates with finance master’s degrees may find opportunities in Boston’s entrepreneurial start-ups, biotechnology companies, or information technology corporations. With a diverse and growing economy, Massachusetts offers many possible positions in the financial field.
Massachusetts is one of the country’s hubs for finance jobs. Financial examiners in Massachusetts earn an average of $122,000 per year, well above the national average of $92,330.8 In fact, Massachusetts is the second highest-paying state for this occupation in the nation.8,9 With estimated job growth of 3.2%, financial analyst positions in Massachusetts are expected to grow at a rate slightly slower than the national projected average of 6.2% through 2028, but with 18,130 positions in this field, the state has the fourth-highest employment rate of financial analysts in the country.10,11 Massachusetts also has a high concentration of personal financial advisors, who make an annual mean wage of $137,050 in the state, significantly higher than the national average of $119,290.12 The Massachusetts nonmetropolitan area also averages the highest salaries for personal financial advisor positions in the country, with personal financial advisors here earning an average of $168,880 annually.12
Massachusetts Finance Salary Information
|Occupation||Number Employed8||Average Salary8|
|Business and Financial Operations Occupations||220,430||$87,880|
|Financial and Investment Analysts and Other Specialists||18,130||$102,610|
|Personal Financial Advisors||7,960||$137,050|
Finance Associations in Massachusetts
1. National Center for Education Statistics College Navigator: https://nces.ed.gov/collegenavigator/
2. Forbes Best Business Schools 2019: https://www.forbes.com/business-schools/list/
3. The Princeton Review. The Best 382 Colleges, 2020 Edition. The Princeton Review, 2019.
4. US News & World Report Best Undergraduate Finance Schools 2021: https://www.usnews.com/best-colleges/rankings/business-finance
5. US News & World Report Best Graduate Finance Schools 2021: https://www.usnews.com/best-graduate-schools/top-business-schools/finance-rankings
6. US News & World Report Best Business Schools 2021: https://www.usnews.com/best-graduate-schools/top-business-schools
7. Georgetown University Center on Education and the Workforce, Ranking ROI of 4,500 US Colleges and Universities: https://cew.georgetown.edu/cew-reports/CollegeROI/
8. Bureau of Labor Statistics Occupational Employment Statistics, State Occupational Employment and Wage Estimates, Massachusetts: https://www.bls.gov/oes/current/oes_ma.htm
9. Bureau of Labor Statistics Occupational Employment and Wages, Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm
10. Projections Central Long Term Occupational Projections: https://projectionscentral.org/projections/longterm
11. Bureau of Labor Statistics Occupational Employment and Wages, Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other: https://www.bls.gov/oes/current/oes132098.htm
12. Bureau of Labor Statistics Occupational Employment and Wages, Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm