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What Career Options are Available for Finance Majors?


Finance and related degree programs are offered at educational institutions in Texas and across the United States. This major is well-suited for individuals with an aptitude for and interest in numerical concepts, with graduates graining highly versatile knowledge and skills that can lead to many diverse employment prospects in the state and beyond. Professionals in this field are often highly sought after by companies in nearly every industry. Opportunities are, however, most abundant in money management, banking, and economics. The acquired expertise is also easily transferable, making finance graduates valuable in a wide variety of sectors.

According to the US Bureau of Labor Statistics, employment for business and financial occupations is expected to grow faster than is average for all occupation in the nation from 2022 to 2032. This will result in approximately 911,400 job openings each year. Notably, some finance professions are projected to grow more than others. Market research analysts, for example, can expect to see employment increase by 13% during the same period.

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Top Ranked Campus & Online Finance Programs in Texas


1
  • Undergraduate Tuition
    • In-State: $11,678
    • Out-of-State:$42,778
  • Net Price: $17,434
  • Acceptance Rate: 31%
  • Retention Rate: 95%
  • Graduation Rate: 88%
  • Total Enrollment: 52,384
  • Undergrad Students: 41,309
  • Graduate Students: 11,075
  • Grads Salary: $83,000
  • Student-to-faculty: 18:1
  • The University of Texas at Austin
View All Their Popular Majors and Rankings
2
  • Undergraduate Tuition
    • In-State: $13,099
    • Out-of-State:$40,328
  • Net Price: $20,375
  • Acceptance Rate: 63%
  • Retention Rate: 95%
  • Graduation Rate: 84%
  • Total Enrollment: 74,014
  • Undergrad Students: 57,512
  • Graduate Students: 16,502
  • Grads Salary: $80,000
  • Student-to-faculty: 18:1
  • Texas A&M University-College Station
View All Their Popular Majors and Rankings
3

Trinity University

Score: 79.76

  • Undergraduate Tuition
    • In-State: $51,352
    • Out-of-State:$51,352
  • Net Price: $30,038
  • Acceptance Rate: 31%
  • Retention Rate: 91%
  • Graduation Rate: 76%
  • Total Enrollment: 2,692
  • Undergrad Students: 2,512
  • Graduate Students: 180
  • Grads Salary: $77,000
  • Student-to-faculty: 9:1
  • Trinity University
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4

LeTourneau University

Score: 79.36

  • Undergraduate Tuition
    • In-State: $35,500
    • Out-of-State:$35,500
  • Net Price: $26,974
  • Acceptance Rate: 49%
  • Retention Rate: 77%
  • Graduation Rate: 67%
  • Total Enrollment: 3,536
  • Undergrad Students: 3,350
  • Graduate Students: 186
  • Grads Salary: $87,000
  • Student-to-faculty: 13:1
  • LeTourneau University
5
  • Undergraduate Tuition
    • In-State: $14,564
    • Out-of-State:$40,064
  • Net Price: $13,555
  • Acceptance Rate: 85%
  • Retention Rate: 87%
  • Graduation Rate: 70%
  • Total Enrollment: 31,570
  • Undergrad Students: 21,617
  • Graduate Students: 9,953
  • Grads Salary: $81,000
  • Student-to-faculty: 27:1
  • The University of Texas at Dallas
View All Their Popular Majors and Rankings
6
  • Undergraduate Tuition
    • In-State: $7,846
    • Out-of-State:$19,382
  • Net Price: $5,383
  • Acceptance Rate: 48%
  • Retention Rate: 79%
  • Graduation Rate: 49%
  • Total Enrollment: 8,505
  • Undergrad Students: 6,979
  • Graduate Students: 1,526
  • Grads Salary: $80,000
  • Student-to-faculty: 19:1
  • Texas A&M International University
View All Their Popular Majors and Rankings
7
  • Undergraduate Tuition
    • In-State: $64,460
    • Out-of-State:$64,460
  • Net Price: $45,094
  • Acceptance Rate: 52%
  • Retention Rate: 90%
  • Graduation Rate: 82%
  • Total Enrollment: 12,053
  • Undergrad Students: 7,056
  • Graduate Students: 4,997
  • Grads Salary: $85,000
  • Student-to-faculty: 11:1
  • Southern Methodist University
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8
  • Undergraduate Tuition
    • In-State: $9,711
    • Out-of-State:$22,191
  • Net Price: $14,056
  • Acceptance Rate: 66%
  • Retention Rate: 85%
  • Graduation Rate: 63%
  • Total Enrollment: 46,700
  • Undergrad Students: 37,943
  • Graduate Students: 8,757
  • Grads Salary: $76,000
  • Student-to-faculty: 21:1
  • University of Houston
View All Their Popular Majors and Rankings
9
  • Undergraduate Tuition
    • In-State: $11,852
    • Out-of-State:$24,451
  • Net Price: $17,896
  • Acceptance Rate: 67%
  • Retention Rate: 86%
  • Graduation Rate: 64%
  • Total Enrollment: 40,378
  • Undergrad Students: 32,579
  • Graduate Students: 7,799
  • Grads Salary: $76,000
  • Student-to-faculty: 21:1
  • Texas Tech University
View All Their Popular Majors and Rankings
10

Austin College

Score: 75

  • Undergraduate Tuition
    • In-State: $46,500
    • Out-of-State:$46,500
  • Net Price: $24,739
  • Acceptance Rate: 54%
  • Retention Rate: 84%
  • Graduation Rate: 73%
  • Total Enrollment: 1,182
  • Undergrad Students: 1,167
  • Graduate Students: 15
  • Grads Salary: $70,000
  • Student-to-faculty: 11:1
  • Austin College
11
  • Undergraduate Tuition
    • In-State: $57,220
    • Out-of-State:$57,220
  • Net Price: $44,190
  • Acceptance Rate: 56%
  • Retention Rate: 92%
  • Graduation Rate: 84%
  • Total Enrollment: 12,273
  • Undergrad Students: 10,523
  • Graduate Students: 1,750
  • Grads Salary: $77,000
  • Student-to-faculty: 14:1
  • Texas Christian University
View All Their Popular Majors and Rankings
12
  • Undergraduate Tuition
    • In-State: $10,026
    • Out-of-State:$22,626
  • Net Price: $13,025
  • Acceptance Rate: 86%
  • Retention Rate: 65%
  • Graduation Rate: 43%
  • Total Enrollment: 11,306
  • Undergrad Students: 7,383
  • Graduate Students: 3,923
  • Grads Salary: $91,000
  • Student-to-faculty: 20:1
  • Texas A&M University-Commerce
View All Their Popular Majors and Rankings
13
  • Undergraduate Tuition
    • In-State: $33,660
    • Out-of-State:$33,660
  • Net Price: $19,207
  • Acceptance Rate: 97%
  • Retention Rate: 71%
  • Graduation Rate: 66%
  • Total Enrollment: 3,588
  • Undergrad Students: 2,646
  • Graduate Students: 942
  • Grads Salary: $78,000
  • Student-to-faculty: 14:1
  • University of St. Thomas-Houston
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14
  • Undergraduate Tuition
    • In-State: $11,728
    • Out-of-State:$29,660
  • Net Price: $14,262
  • Acceptance Rate: 81%
  • Retention Rate: 74%
  • Graduation Rate: 53%
  • Total Enrollment: 43,946
  • Undergrad Students: 30,791
  • Graduate Students: 13,155
  • Grads Salary: $81,000
  • Student-to-faculty: 24:1
  • The University of Texas at Arlington
View All Their Popular Majors and Rankings
15
  • Undergraduate Tuition
    • In-State: $7,746
    • Out-of-State:$21,330
  • Net Price: $17,871
  • Acceptance Rate: 69%
  • Retention Rate: 67%
  • Graduation Rate: 54%
  • Total Enrollment: 8,562
  • Undergrad Students: 6,352
  • Graduate Students: 2,210
  • Grads Salary: $78,000
  • Student-to-faculty: 15:1
  • University of Houston-Clear Lake
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16

Baylor University

Score: 71.47

  • Undergraduate Tuition
    • In-State: $54,844
    • Out-of-State:$54,844
  • Net Price: $45,988
  • Acceptance Rate: 46%
  • Retention Rate: 90%
  • Graduation Rate: 81%
  • Total Enrollment: 20,709
  • Undergrad Students: 15,213
  • Graduate Students: 5,496
  • Grads Salary: $72,000
  • Student-to-faculty: 15:1
  • Baylor University
View All Their Popular Majors and Rankings
17

University of North Texas at Dallas

Score: 71.35

  • Undergraduate Tuition
    • In-State: $9,590
    • Out-of-State:$22,189
  • Net Price: $10,351
  • Acceptance Rate: 94%
  • Retention Rate: 68%
  • Graduation Rate: 44%
  • Total Enrollment: 3,685
  • Undergrad Students: 3,001
  • Graduate Students: 684
  • Grads Salary: $81,000
  • Student-to-faculty: 16:1
  • University of North Texas at Dallas
18

Texas A&M University-Texarkana

Score: 71.18

  • Undergraduate Tuition
    • In-State: $7,930
    • Out-of-State:$20,947
  • Net Price: $10,646
  • Acceptance Rate: 91%
  • Retention Rate: 63%
  • Graduation Rate: 30%
  • Total Enrollment: 2,110
  • Undergrad Students: 1,761
  • Graduate Students: 349
  • Grads Salary: $90,000
  • Student-to-faculty: 14:1
  • Texas A&M University-Texarkana
19
  • Undergraduate Tuition
    • In-State: $6,627
    • Out-of-State:$16,419
  • Net Price: $5,465
  • Acceptance Rate: 96%
  • Retention Rate: 76%
  • Graduation Rate: 40%
  • Total Enrollment: 2,198
  • Undergrad Students: 1,712
  • Graduate Students: 486
  • Grads Salary: $77,000
  • Student-to-faculty: 15:1
  • Texas A&M University-Central Texas
View All Their Popular Majors and Rankings
20
  • Undergraduate Tuition
    • In-State: $11,299
    • Out-of-State:$26,874
  • Net Price: $12,875
  • Acceptance Rate: 76%
  • Retention Rate: 73%
  • Graduation Rate: 41%
  • Total Enrollment: 9,056
  • Undergrad Students: 8,103
  • Graduate Students: 953
  • Grads Salary: $79,000
  • Student-to-faculty: 16:1
  • Prairie View A&M University
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21
  • Undergraduate Tuition
    • In-State: $11,164
    • Out-of-State:$21,244
  • Net Price: $15,283
  • Acceptance Rate: 79%
  • Retention Rate: 80%
  • Graduation Rate: 59%
  • Total Enrollment: 44,767
  • Undergrad Students: 33,023
  • Graduate Students: 11,744
  • Grads Salary: $70,000
  • Student-to-faculty: 23:1
  • University of North Texas
View All Their Popular Majors and Rankings
22
  • Undergraduate Tuition
    • In-State: $10,310
    • Out-of-State:$12,260
  • Net Price: $11,361
  • Acceptance Rate: 92%
  • Retention Rate: 63%
  • Graduation Rate: 41%
  • Total Enrollment: 5,784
  • Undergrad Students: 4,818
  • Graduate Students: 966
  • Grads Salary: $81,000
  • Student-to-faculty: 16:1
  • Midwestern State University
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23
  • Undergraduate Tuition
    • In-State: $8,991
    • Out-of-State:$21,965
  • Net Price: $12,664
  • Acceptance Rate: 87%
  • Retention Rate: 80%
  • Graduation Rate: 54%
  • Total Enrollment: 34,393
  • Undergrad Students: 29,686
  • Graduate Students: 4,707
  • Grads Salary: $71,000
  • Student-to-faculty: 24:1
  • The University of Texas at San Antonio
View All Their Popular Majors and Rankings
24
  • Undergraduate Tuition
    • In-State: $11,450
    • Out-of-State:$23,210
  • Net Price: $14,120
  • Acceptance Rate: 88%
  • Retention Rate: 80%
  • Graduation Rate: 56%
  • Total Enrollment: 38,171
  • Undergrad Students: 33,834
  • Graduate Students: 4,337
  • Grads Salary: $70,000
  • Student-to-faculty: 21:1
  • Texas State University
View All Their Popular Majors and Rankings
25

St. Mary's University

Score: 69.53

  • Undergraduate Tuition
    • In-State: $36,242
    • Out-of-State:$36,242
  • Net Price: $21,379
  • Acceptance Rate: 86%
  • Retention Rate: 68%
  • Graduation Rate: 56%
  • Total Enrollment: 3,253
  • Undergrad Students: 2,001
  • Graduate Students: 1,252
  • Grads Salary: $75,000
  • Student-to-faculty: 11:1
  • St. Mary's University

Online Finance Education in Texas


Prospective students interested in finance are likely to encounter a variety of higher education programs in both Texas and across the United States. Finance programs are widely available at different academic levels including associate, bachelor's, master's, and doctoral levels. Additionally, some institutions offer professional certificate programs, which, while requiring less time, may not hold the same academic significance as traditional degrees.

As per the US Bureau of Labor Statistics, most business and finance occupations mandate professionals to possess at least a bachelor's degree. While opportunities may exist for those with less education, opportunities of this kind are far less common. Rather, individuals with advanced degrees tend to experience enhanced job prospects and earning potential, with master's or doctoral degrees often being prerequisites for financial management roles.

Online Associate Degree in Finance (AS)

Associate degrees in finance generally consist of 60 credit hours of coursework that take full-time students approximately two years to complete. In undergraduate programs like these, students typically experience a mixture of general liberal arts education and specialized courses tailored to their chosen field of study. While curriculum structures may differ, participants can expect exposure to standard subjects like English communication, mathematics, and various social sciences. These are then supplemented by major-specific classes. In most cases, finance students receive instruction in finance, accounting, and bookkeeping. It’s also common for those enrolled to study business, payroll, software, and banking.

Individuals with this degree are equipped for various positions including accounting clerk, billing specialist, and bookkeeper. Initial job opportunities might also arise in various other sectors. This is because organizations across diverse industries frequently seek individuals skilled in spreadsheet management, budgeting, tax preparation, and financial data analysis.

Given that many employers prefer finance candidates to possess bachelor's degrees, a considerable portion of graduates choose to pursue further education. Depending on the institution, up to 60 or 90 undergraduate credit hours can be transferred and used to fulfill requirements for new degree programs. Consequently, associate degree holders often have already completed coursework equivalent to half of a standard bachelor's degree.

Online Bachelor's Degree in Finance (BS or B.Fin.)

Bachelor’s degrees in finance often consist of 120 credit hours of coursework that take full-time students approximately four years to complete. Credits earned through Advanced Placement (AP) exams or from prior academic degrees can also accelerate the graduation process.

In undergraduate programs like these, students typically experience a mixture of general liberal arts education and specialized courses tailored to their chosen field of study. While curriculum structures may differ, participants can expect exposure to standard subjects like English communication, mathematics, and various social sciences. These are then supplemented by major-specific classes. In most cases, finance students will receive instruction in information financial planning, forecasting, investing, financial statement evaluation, cash flows, and security markets. It’s also common for those enrolled to study accounting principles, financial institutions and markets, investments, and risk management.

Furthermore, colleges and universities frequently advise finance majors to opt for concentrations or specialized areas of study. Selecting instructional opportunities in a specific sub-field can assist students in preparing for particular types of employment upon graduation.

Available concentrations may include:

  • Investment Management
  • Banking and Financial Services
  • Corporate Finance
  • Risk Management and Insurance
  • Real Estate

Graduates with this degree can meet the minimum qualifications necessary to apply for roles such as financial planner, accountant, and financial analyst. Moreover, industries outside of finance often seek individuals with expertise in this field, as well.

Alternatively, graduates may choose to seek advanced education in the field, potentially expanding their employment opportunities and increasing their earning potential. Those aspiring to enroll in master's degree programs should be prepared to submit official undergraduate transcripts to prospective institutions. Additionally, applicants typically need to meet specified minimum grade point average (GPA) and Graduate Record Examinations (GRE) score criteria.

Online Master's Degree in Finance (MS or M.Fin.)

Master’s degrees in finance generally range from 30 to 36 credit hours of coursework that take full-time students approximately two years to complete. Notably, certain colleges and universities provide accelerated programs that can be completed in as little as 18 months.

Graduate curriculums usually exclude undergraduate and general liberal arts classes. Nevertheless, students are often expected to exhibit proficiency in advanced subject matter within the field, which is usually proven by submitting prior transcripts.

Programs of this kind are meant to equip students for advanced employment opportunities in the field. Instruction typically encompasses diverse subjects including business communications, financial accounting, derivatives and risk management, financial modeling and firm valuation, and international financial management. Additionally, many colleges and universities continue to advise finance majors to select concentrations or specialized areas of study.

Common options include:

  • Real Estate Finance
  • Computational Finance and Trading Systems
  • Derivatives and Risk Management
  • Finance and Economics

Graduates with this degree can meet the minimum qualifications necessary to apply for roles such as financial analyst, financial examiner, financial manager, and personal finance advisor.

Online PhD Degree in Finance (PhD)

A PhD or doctorate in finance generally consists of between 60 and 120 credit hours that take full-time students four to seven years to complete. Regarded as terminal degrees, signaling the pinnacle of education in this field, these programs are often demanding. Curriculums vary, but often cover advanced topics related to accounting research, advanced statistics, microeconomic theory, and corporate governance. In some cases, students may even have opportunities to work alongside professors to create unique programs designed to help them achieve specific employment outcomes.

Additionally, it’s not uncommon for those enrolled to select concentration areas.

Some popular specialty areas of study include:

  • Forensic Accounting
  • Accounting Information Systems
  • Audit Accounting
  • Public Accounting
  • Managerial Accounting

The early years of doctoral study typically involve conventional classroom instruction, but this gradually evolves into independent study, research, and writing as students advance. Residencies are often integrated into many programs and those enrolled must present dissertations prior to graduation.

Individuals who complete these programs can pursue various career paths for some of the most lucrative employment opportunities available in the field. Attaining doctoral degrees can unlock opportunities as corporate managers, higher education professors, and researchers.

Check out our Financial Aid Guide Get additional finance resources and scholarships

Become a Financial Manager in Texas


The finance industry is vast, presenting a multitude of career opportunities across various professional tiers. To navigate this broad spectrum of options more efficiently, begin by identifying your specific career interests and goals. Once you have identified a preferred finance occupation, mapping out a clear and focused path to success should become considerably more straightforward.

Find Online Finance Schools

When planning for your future career, it’s important to acknowledge that every finance profession is unique. While some roles may seem similar, variations in education, training, and experience requirements can be substantial. Familiarizing yourself with the standards and expectations of your desired occupation is crucial. This knowledge not only helps in selecting the right degree level and major but also influences decisions about elective courses, academic minors, departmental concentrations, extracurricular activities, and potential internship opportunities. Understanding these distinctions is essential for making informed choices aligned with your ultimate career goals.

Upon completing the necessary degree(s), you also have the choice to pursue professional certification or licensure. While not always the case, this may be mandatory for certain occupations. Regardless of job requirements, obtaining additional credentials can be highly beneficial. They often serve as clear evidence of proficiency in the field and emphasize your ability to provide specific services. Employers frequently prefer candidates who possess one or more relevant certifications, enhancing your competitiveness in the job market.

There are many relevant certifications available.

Some of the most popular options for financial professionals include:

  • Certified Financial Planner (CFP)
  • Chartered Financial Analyst (CFA)
  • Certified Management Accountant (CMA)
  • Certified Fund Specialist (CFS)
  • Chartered Financial Consultant (ChFC)
  • Chartered Investment Counselor (CIC)
  • Certified Investment Management Analyst (CIMA)
  • Chartered Market Technician (CMT)
  • Certified Public Accountant (CPA)
  • Personal Finance Specialist (PFS)
  • Chartered Life Underwriter (CLU)
  • Certified Government Financial Manager (CGFM)
  • Certified Healthcare Financial Professional (CHFP)
  • Certified International Investment Analyst (CIIA)
  • Certified Merger and Acquisition Advisor (CM&AA)
  • Chartered Economic Analyst (ChEA)
  • Financial Risk Manager (FRM)

A widely sought-after goal is obtaining licensure as a Certified Public Accountant (CPA), which is the primary credential for those aspiring to careers in public accounting. In Texas, the process for CPA licensing falls under the jurisdiction of the Texas State Board of Public Accountancy. This board is responsible for overseeing the licensing procedures for public accountants and accounting practitioners.

To apply for a CPA license in Texas, you will need to meet a variety of requirements. First, you must complete no fewer than 150 semester hours of college coursework taken at an accredited college or university, in addition to no fewer than 27 semester hours of upper-level accounting coursework. Candidates must also pass a background investigation and an exam on the board’s rules of professional conduct, which is sent via email after application submission.

Qualifying work experience is also necessary. This can be obtained through full-time or part-time employment under the direct supervision of a licensed CPA. Those working full-time must complete 12 calendar months, whole part-time candidates must work at least 2,000 hours over a period of not more than two consecutive years.

Additionally, CPA candidates must obtain a passing score of 85% or better on all open-book sections of the Uniform CPA Examination.

This test is overseen by the National Association of State Boards of Accountancy (NASBA) and consists of four, four-hour sections:

  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

Potential Careers for Finance Graduates


  • Accountant in Texas
    Accountants are financial professionals who play a pivotal role in managing financial records for companies and organizations. They ensure accuracy in financial reporting, examine financial statements, and assess tax obligations. These professionals also contribute to strategic decision-making by providing insights on budgeting and financial forecasting. With a focus on compliance, those in this position must remain updated about regulatory changes and utilize strong analytical skills to help businesses maintain financial health and adhere to accounting principles, fostering transparency and facilitating informed financial decisions. According to PayScale, accountants make an average base salary of $52,822 per year.
  • Certified Public Accountant (CPA)
    Certified Public Accountants (CPAs) are professionals who ensure the accuracy and compliance of financial records. They examine financial statements, prepare tax returns, and provide strategic financial advice. These professionals play a vital role in maintaining financial integrity, conducting audits, and advising businesses on financial decisions. Their expertise is essential for regulatory compliance, tax planning, and overall financial stability. With a focus on precision and ethical standards, their work significantly contributes to the financial health and success of companies and organizations. According to PayScale, certified public accountants make an average base salary of $70,989 per year.
  • Financial Advisor
    Financial advisors provide guidance to individuals, companies, and organizations on financial matters. They assess client financial situations, develop personalized plans, and offer advice on investments, insurance, and retirement planning. It is also important for them to stay informed about market trends, regulations, and financial products in order to make informed recommendations. Effective communication and analytical skills are essential for building trust and helping clients achieve their financial goals. These professionals may work independently or for financial institutions, tailoring their expertise to meet the diverse financial needs of their clients. According to PayScale, financial advisor make an average base salary of $61,063 per year.
  • Insurance Agent
    Insurance agents specialize in selling various types of insurance policies to individuals, companies, and organizations. These professionals play a vital role in educating individuals about insurance products, ensuring they have the right coverage for their specific situations. They assess client needs, explain coverage options, and help them choose suitable insurance plans. Additional tasks often include assisting with policy renewals, claims processing, and updating coverage as needed. Building strong client relationships is crucial to understanding and addressing client needs, as are strong communication and sales skills. According to PayScale, insurance agents make an average base salary of $40,843 per year.
  • Investment Banker
    Investment bankers are financial professionals specializing in advising clients on financial strategies and managing complex financial transactions. Their actions often contribute to the growth of businesses by structuring deals that optimize financial outcomes. They play a key role in facilitating mergers, acquisitions, and public offerings. Analyzing market trends and assessing risks, these professionals are able to provide valuable insights to clients that can help them make informed investment decisions. Strong analytical skills, financial expertise, and the ability to navigate intricate financial structures are often required. According to PayScale, investment bankers make an average base salary of $101,848 per year.
  • Tax Preparer
    Tax preparers assist individuals and businesses in preparing and filing accurate tax returns. They navigate complex tax codes, stay updated on changes, and identify potential deductions to minimize tax liabilities. Detail-oriented and knowledgeable about tax laws, these professionals also ensure compliance with regulations. This job often entails communicating with clients to gather financial information and provide advice on tax-related matters. Additionally, it demands a blend of analytical skills, attention to detail, and a thorough understanding of tax regulations to optimize financial outcomes for clients. According to PayScale, tax preparers make an average base salary of $48,505 per year.

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