What is Finance?
A finance professional is an individual who specializes in managing and analyzing financial data, making investment decisions, and providing financial advice. They play a crucial role in helping individuals and businesses make informed financial decisions and achieve their financial goals. Finance professionals work across various industries such as banking, investment firms, insurance companies, and corporate finance departments. Their knowledge in this area allows them to assess and analyze financial risks and market trends to develop strategies designed to maximize profitability.
The role of finance professional can vary depending on the industry and organization they work for. Some common job titles in this field include financial analyst, investment manager, risk manager, financial planner, and corporate treasurer. Each role requires specific skills and knowledge, but they all involve working with financial data and making informed decisions based on financial analysis. An effective finance professional requires strong analytical abilities to evaluate financial statements, market trends, and investment opportunities. Furthermore, they should possess an in-depth knowledge of the principles underlying finance such as reporting, budgeting, and risk management. Finally, effective communication skills are vitally important within this profession, as finance professionals frequently need to present complex financial information to clients, colleagues, and stakeholders.
Technology plays an essential role in finance today. Professional finance managers must stay current on the most cutting-edge software and tools to streamline processes, maximize efficiency, and be flexible enough to adapt as the industry changes and advances. To excel in the finance industry, it’s crucial to stay updated with the latest trends and developments in the field. Continuous learning and professional development through certifications, workshops, and industry conferences are essential to remain competitive and advance in this dynamic sector.
Top Ranked Campus & Online Finance Programs in New York
Columbia University
Score: 92.57
- Undergraduate Tuition
- In-State: $69,045
- Out-of-State:$69,045
- Net Price: $22,058
- Acceptance Rate: 4%
- Retention Rate: 98%
- Graduation Rate: 95%
- Total Enrollment: 34,782
- Undergrad Students: 8,902
- Graduate Students: 25,880
- Grads Salary: $91,000
- Student-to-faculty: 6:1
Cornell University
Score: 91.16
- Undergraduate Tuition
- In-State: $66,014
- Out-of-State:$66,014
- Net Price: $26,060
- Acceptance Rate: 7%
- Retention Rate: 97%
- Graduation Rate: 95%
- Total Enrollment: 25,898
- Undergrad Students: 15,735
- Graduate Students: 10,163
- Grads Salary: $93,000
- Student-to-faculty: 9:1
Binghamton University
Score: 85.23
- Undergraduate Tuition
- In-State: $10,363
- Out-of-State:$29,453
- Net Price: $19,535
- Acceptance Rate: 42%
- Retention Rate: 91%
- Graduation Rate: 83%
- Total Enrollment: 18,312
- Undergrad Students: 14,402
- Graduate Students: 3,910
- Grads Salary: $90,000
- Student-to-faculty: 19:1
New York University
Score: 84.84
- Undergraduate Tuition
- In-State: $60,438
- Out-of-State:$60,438
- Net Price: $29,499
- Acceptance Rate: 12%
- Retention Rate: 95%
- Graduation Rate: 87%
- Total Enrollment: 59,144
- Undergrad Students: 29,401
- Graduate Students: 29,743
- Grads Salary: $87,000
- Student-to-faculty: 8:1
CUNY Bernard M Baruch College
Score: 83.46
- Undergraduate Tuition
- In-State: $7,464
- Out-of-State:$15,414
- Net Price: $4,991
- Acceptance Rate: 50%
- Retention Rate: 84%
- Graduation Rate: 74%
- Total Enrollment: 19,854
- Undergrad Students: 15,896
- Graduate Students: 3,958
- Grads Salary: $81,000
- Student-to-faculty: 19:1
University of Rochester
Score: 79.37
- Undergraduate Tuition
- In-State: $64,348
- Out-of-State:$64,348
- Net Price: $39,775
- Acceptance Rate: 39%
- Retention Rate: 92%
- Graduation Rate: 90%
- Total Enrollment: 12,197
- Undergrad Students: 6,767
- Graduate Students: 5,430
- Grads Salary: $86,000
- Student-to-faculty: 9:1
University at Buffalo
Score: 76.25
- Undergraduate Tuition
- In-State: $10,782
- Out-of-State:$30,572
- Net Price: $18,524
- Acceptance Rate: 68%
- Retention Rate: 84%
- Graduation Rate: 74%
- Total Enrollment: 32,099
- Undergrad Students: 20,761
- Graduate Students: 11,338
- Grads Salary: $76,000
- Student-to-faculty: 12:1
Yeshiva University
Score: 76.03
- Undergraduate Tuition
- In-State: $49,900
- Out-of-State:$49,900
- Net Price: $35,912
- Acceptance Rate: 63%
- Retention Rate: 92%
- Graduation Rate: 85%
- Total Enrollment: 6,056
- Undergrad Students: 2,866
- Graduate Students: 3,190
- Grads Salary: $80,000
- Student-to-faculty: 7:1
CUNY Brooklyn College
Score: 75.89
- Undergraduate Tuition
- In-State: $7,452
- Out-of-State:$15,402
- Net Price: $5,972
- Acceptance Rate: 55%
- Retention Rate: 77%
- Graduation Rate: 55%
- Total Enrollment: 14,195
- Undergrad Students: 11,661
- Graduate Students: 2,534
- Grads Salary: $76,000
- Student-to-faculty: 13:1
Molloy University
Score: 75.39
- Undergraduate Tuition
- In-State: $37,840
- Out-of-State:$37,840
- Net Price: $27,243
- Acceptance Rate: 77%
- Retention Rate: 85%
- Graduation Rate: 69%
- Total Enrollment: 4,807
- Undergrad Students: 3,271
- Graduate Students: 1,536
- Grads Salary: $85,000
- Student-to-faculty: 10:1
Clarkson University
Score: 75.28
- Undergraduate Tuition
- In-State: $57,950
- Out-of-State:$57,950
- Net Price: $32,450
- Acceptance Rate: 78%
- Retention Rate: 83%
- Graduation Rate: 73%
- Total Enrollment: 3,719
- Undergrad Students: 2,668
- Graduate Students: 1,051
- Grads Salary: $89,000
- Student-to-faculty: 14:1
SUNY Polytechnic Institute
Score: 75.24
- Undergraduate Tuition
- In-State: $8,578
- Out-of-State:$20,228
- Net Price: $13,799
- Acceptance Rate: 82%
- Retention Rate: 79%
- Graduation Rate: 62%
- Total Enrollment: 2,842
- Undergrad Students: 1,982
- Graduate Students: 860
- Grads Salary: $80,000
- Student-to-faculty: 13:1
New York Institute of Technology
Score: 74.89
- Undergraduate Tuition
- In-State: $44,360
- Out-of-State:$44,360
- Net Price: $22,494
- Acceptance Rate: 76%
- Retention Rate: 77%
- Graduation Rate: 55%
- Total Enrollment: 6,906
- Undergrad Students: 3,453
- Graduate Students: 3,453
- Grads Salary: $91,000
- Student-to-faculty: 13:1
CUNY Queens College
Score: 74.66
- Undergraduate Tuition
- In-State: $7,538
- Out-of-State:$15,488
- Net Price: $6,434
- Acceptance Rate: 69%
- Retention Rate: 77%
- Graduation Rate: 56%
- Total Enrollment: 17,001
- Undergrad Students: 14,406
- Graduate Students: 2,595
- Grads Salary: $75,000
- Student-to-faculty: 14:1
SUNY College at Geneseo
Score: 74.21
- Undergraduate Tuition
- In-State: $8,966
- Out-of-State:$19,206
- Net Price: $19,557
- Acceptance Rate: 75%
- Retention Rate: 86%
- Graduation Rate: 74%
- Total Enrollment: 4,184
- Undergrad Students: 4,110
- Graduate Students: 74
- Grads Salary: $74,000
- Student-to-faculty: 16:1
Syracuse University
Score: 73.89
- Undergraduate Tuition
- In-State: $63,061
- Out-of-State:$63,061
- Net Price: $43,651
- Acceptance Rate: 52%
- Retention Rate: 91%
- Graduation Rate: 83%
- Total Enrollment: 22,698
- Undergrad Students: 15,421
- Graduate Students: 7,277
- Grads Salary: $85,000
- Student-to-faculty: 15:1
St. John's University
Score: 73.33
- Undergraduate Tuition
- In-State: $50,110
- Out-of-State:$50,110
- Net Price: $26,052
- Acceptance Rate: 85%
- Retention Rate: 82%
- Graduation Rate: 69%
- Total Enrollment: 19,663
- Undergrad Students: 15,652
- Graduate Students: 4,011
- Grads Salary: $83,000
- Student-to-faculty: 16:1
Manhattan College
Score: 73.11
- Undergraduate Tuition
- In-State: $50,850
- Out-of-State:$50,850
- Net Price: $29,535
- Acceptance Rate: 82%
- Retention Rate: 76%
- Graduation Rate: 72%
- Total Enrollment: 3,575
- Undergrad Students: 3,066
- Graduate Students: 509
- Grads Salary: $83,000
- Student-to-faculty: 11:1
Niagara University
Score: 72.64
- Undergraduate Tuition
- In-State: $38,135
- Out-of-State:$38,135
- Net Price: $18,165
- Acceptance Rate: 90%
- Retention Rate: 79%
- Graduation Rate: 72%
- Total Enrollment: 3,858
- Undergrad Students: 2,709
- Graduate Students: 1,149
- Grads Salary: $72,000
- Student-to-faculty: 11:1
State University of New York at New Paltz
Score: 72.46
- Undergraduate Tuition
- In-State: $8,524
- Out-of-State:$18,434
- Net Price: $19,592
- Acceptance Rate: 58%
- Retention Rate: 84%
- Graduation Rate: 73%
- Total Enrollment: 6,964
- Undergrad Students: 6,090
- Graduate Students: 874
- Grads Salary: $69,000
- Student-to-faculty: 16:1
St. Joseph's University-New York
Score: 72.31
- Undergraduate Tuition
- In-State: $34,535
- Out-of-State:$34,535
- Net Price: $18,001
- Acceptance Rate: 77%
- Retention Rate: 82%
- Graduation Rate: 69%
- Total Enrollment: 4,348
- Undergrad Students: 3,556
- Graduate Students: 792
- Grads Salary: $71,000
- Student-to-faculty: 12:1
St. John Fisher University
Score: 72.02
- Undergraduate Tuition
- In-State: $39,666
- Out-of-State:$39,666
- Net Price: $28,312
- Acceptance Rate: 73%
- Retention Rate: 83%
- Graduation Rate: 72%
- Total Enrollment: 3,621
- Undergrad Students: 2,629
- Graduate Students: 992
- Grads Salary: $77,000
- Student-to-faculty: 12:1
Adelphi University
Score: 71.86
- Undergraduate Tuition
- In-State: $47,290
- Out-of-State:$47,290
- Net Price: $26,953
- Acceptance Rate: 73%
- Retention Rate: 85%
- Graduation Rate: 67%
- Total Enrollment: 7,252
- Undergrad Students: 5,055
- Graduate Students: 2,197
- Grads Salary: $78,000
- Student-to-faculty: 12:1
Siena College
Score: 71.78
- Undergraduate Tuition
- In-State: $44,405
- Out-of-State:$44,405
- Net Price: $30,842
- Acceptance Rate: 80%
- Retention Rate: 85%
- Graduation Rate: 76%
- Total Enrollment: 3,648
- Undergrad Students: 3,516
- Graduate Students: 132
- Grads Salary: $77,000
- Student-to-faculty: 13:1
St. Bonaventure University
Score: 71.75
- Undergraduate Tuition
- In-State: $40,150
- Out-of-State:$40,150
- Net Price: $26,004
- Acceptance Rate: 81%
- Retention Rate: 80%
- Graduation Rate: 73%
- Total Enrollment: 2,602
- Undergrad Students: 1,856
- Graduate Students: 746
- Grads Salary: $75,000
- Student-to-faculty: 11:1
Online Finance Education in New York
The finance industry in New York is diverse and dynamic, encompassing various sectors such as banking, investment management, insurance, real estate, and more. Some of the largest financial institutions in the world - including JPMorgan Chase, Citigroup, Goldman Sachs, and Morgan Stanley - are headquartered in New York City.
Finance jobs in New York provide employment for thousands of individuals. According to data compiled by the US Bureau of Labor Statistics (BLS), as of May 2020 there were 462,900 employees employed in financial activities throughout New York-White Plains-Midtown/NY/NJ metropolitan division.
This figure includes individuals working in various finance-related occupations such as financial managers; financial analysts; accountants; auditors; loan officers; and securities, commodities, and financial services sales agents. The finance industry in New York offers a wide range of positions, catering to individuals with different skill sets and backgrounds, both within and outside of the capital city.
Working in the finance industry in New York can be highly rewarding both professionally and financially. The state boasts a vibrant job market with numerous career opportunities for finance professionals. Entry-level positions in finance include roles such as financial analysts, junior investment bankers and risk analysts. With experience and skill, these individuals may advance to more senior roles such as portfolio managers, investment directors, or finance directors.
Students interested in completing a finance program in the state will have plenty of options across the state. These options include Syracuse University, Fordham University, John Fisher College, Stony Brook University, Manhattan College, Pace University, Rensselaer Polytechnic Institute, New York University, Rochester Institute of Technology, Alfred University, the King's College, etc.
Online Associates (AS)
An associate degree in finance offers a practical and focused education for those looking to enter the world of finance. While not as comprehensive as a four-year degree, an associate degree provides a solid foundation in finance principles such as accounting, economics, and investment analysis. This degree is particularly beneficial for individuals who are looking to quickly gain skills that can be applied directly to the workforce.
One of the key advantages of pursuing an associate degree in finance is the accelerated timeline. Many programs can be completed in two years or less, allowing students to enter the job market more quickly than their counterparts with bachelor's degrees. Additionally, associate degrees are often cheaper than four-year programs, making them a cost-effective choice for those on a tight budget.
Another appealing aspect of an associate degree in finance is its flexibility. Graduates of these programs have access to various entry-level positions across different industries – from banking and insurance to corporate finance and financial planning. With this wide range of career opportunities available, students can choose a path that aligns with their interests and desired work-life balance.
Overall, while it may not offer all the same benefits as a bachelor's or master's degree, an associate degree in finance serves as an excellent steppingstone for those seeking immediate employment.
Online Bachelors (BS or B.Fin)
A bachelor’s degree in finance is more than just a steppingstone into the business world. It is an invaluable asset that equips students with the tools and knowledge to navigate the increasingly complex financial landscape. With courses ranging from investment management to risk analysis, finance programs provide a well-rounded education that prepares graduates for a variety of career paths.
One aspect that can set finance degree programs apart is their emphasis on real-world application. From internships at leading financial institutions to case studies and simulations, students can gain hands-on experience that builds their confidence and problem-solving skills. This practical approach not only improves job prospects after graduation but also ensures graduates are well-prepared to face the challenges of the workplace.
Furthermore, a finance degree offers versatility in terms of career options. Graduates can find exciting opportunities in corporate finance, investment banking, asset management, or even start their own financial consulting firm. The breadth of knowledge gained during these programs can open doors to various industries and positions. This flexibility allows for growth and adaptability throughout one's career, making a bachelor's degree in finance truly valuable in today’s ever-changing job market.
Online Masters (MS or M.Fin)
A master's degree in finance is not just a higher qualification but also a pathway to lucrative career opportunities. This specialized program goes beyond the basics of finance and delves into intricate areas like financial analysis, risk management, investment strategies, and more. It equips students with the knowledge and skills necessary to navigate complex financial markets and make informed decisions that can greatly impact businesses.
What sets a master's degree in finance apart is its practical approach toward learning. Unlike undergraduate programs that focus primarily on theoretical concepts, this advanced degree encourages hands-on experiences through case studies, simulations, and real-time projects. Collaborating with industry professionals and working on live business scenarios not only enhances problem-solving abilities but also develops critical thinking skills that are essential for success in the finance sector. Additionally, access to cutting-edge technologies such as data analytics tools provides students with an edge in today's data-driven world.
Moreover, pursuing a master's finance degree offers opportunities for networking and building connections within the finance industry. Many programs include internships or placements where students can gain valuable industry experience while establishing contacts that may lead to future job prospects. The close ties between academic institutions offering these degrees and prominent financial organizations can provide exclusive access to recruitment drives conducted by major players in the field – giving graduates an advantage when it comes to landing high-paying jobs upon completion of their degree.
Online Doctorate (PhD)
A PhD in finance is a rigorous and prestigious degree that opens a world of opportunities for career advancement and research. In addition to the extensive coursework, students are expected to conduct original research in their field of interest, making meaningful contributions to the existing body of knowledge. This not only requires intellectual curiosity but also analytical skills and persistence.
One unique aspect of pursuing a PhD in finance is the chance to collaborate with leading researchers in the field. From esteemed professors within your department to scholars from other institutions, these collaborations can lead to groundbreaking findings and valuable networking opportunities. The chance to work closely with experts allows students to gain insights into real-world problems and develop innovative solutions.
Another advantage of undertaking a PhD in finance is the opportunity for specialization. Whether it be corporate finance, investment management, or risk management - students can delve deep into their area of interest and become a true expert in their chosen field. The specialized knowledge gained during the program not only makes candidates highly sought after by employers but also equips them with problem-solving abilities that can help organizations thrive even amidst uncertainty.
Overall, pursuing a PhD offers unparalleled opportunities for academic growth and professional development. It allows individuals to have an impact on the financial industry through cutting-edge research while simultaneously positioning themselves for successful careers as academics or industry leaders.
Online Certifications
Finance certifications have become increasingly valuable as professionals seek to enhance their skills and improve job prospects in the financial industry. These certifications offer specialized knowledge in areas such as investment analysis, financial planning, risk management, and more. One of the most recognized certifications is the Chartered Financial Analyst (CFA) designation, which covers a broad range of topics including economics, ethics, portfolio management, and corporate finance. Obtaining a CFA certification can open doors to high-paying positions in investment banking, asset management, and private equity.
Another popular finance certification is the Certified Financial Planner (CFP) designation. This certification focuses on personal financial planning and equips individuals with the necessary tools and knowledge to help clients achieve their financial goals. With an increasing need for personalized financial advice due to complex tax regulations and retirement planning challenges, individuals who hold a CFP certification can stand out as top performers in the field.
In addition to these two prominent certifications, there are several other finance certifications available that cater to specific areas within the industry. For example, the Financial Risk Manager (FRM) certification is highly regarded among professionals in risk management roles. This certification provides expertise in identifying potential risks and developing strategies to mitigate them effectively.
Taking into account both practical experience and obtaining relevant finance certifications can significantly strengthen one's prospects in the competitive world of finance.
Become a Finance Professional in New York
The finance industry in New York offers a wide range of opportunities for aspiring professionals. Here are some steps you can take to become a financial analyst in the state of New York.
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Step 1: Earn a Finance Degree
Begin your journey toward financial independence by earning a bachelor's degree in finance or related field from one of the many reputable universities or colleges that offer such programs. A financial education will equip you with a firm understanding of fundamental financial concepts and principles.
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Step 2: Gain Practical Experience
While studying, you may also want to gain practical experience through internships or part-time jobs in finance-related roles. Not only will this bolster your resume, but it will also give you valuable insight into the industry.
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Step 3: Obtain Certifications
Consider earning industry certifications, such as the Certified Financial Analyst (CFA) designation or Certified Financial Planner (CFP) certification, to showcase your expertise and dedication to this field, making you more desirable as an applicant.
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Step 4: Network
Networking in finance is vital. You can attend industry events, join professional organizations, and build relationships through platforms like LinkedIn - you never know who could offer you job opportunities or mentorship.
What Can I Do with a Bachelor's in Finance?
A bachelor's degree in finance can open a wide range of career opportunities for graduates. While many assume that finance professionals work exclusively in banking or investment firms, the truth is that the field of finance encompasses much more than those two sectors alone. For instance, graduates with a bachelor's in finance can pursue careers in corporate finance, where they can manage and analyze financial data to help companies make informed business decisions.
Another exciting avenue for finance graduates is investment banking, where individuals work on complex financial transactions such as mergers and acquisitions. This sector offers high salaries and promising career growth prospects. Additionally, financial planning is another field that attracts many finance graduates who want to help individuals and families navigate complex financial matters like investments, retirement planning, and tax strategies.
Furthermore, graduates with a background in finance can explore opportunities within governmental institutions or non-profit organizations. Government agencies often require professionals who understand fiscal policies to manage budgets effectively. Non-profits also need individuals who can handle their finances efficiently while ensuring funds are used wisely.
Ultimately, a bachelor's degree in this field provides you with a diverse set of skills that are applicable across various industries – from healthcare to technology to manufacturing. Money management is essential for any organization's success, regardless of its size or purpose; therefore, employers value candidates with strong financial acumen.