Finance Schools In Massachusetts
Massachusetts has 28 accredited finance schools where finance faculty who teach finance classes can find employment. Below are statistics and other relevant data to help analyze the state of finance and finance training in Massachusetts, which includes finance training at the following levels:
- Finance Certificate
- Associates degree in Finance
- Bachelors degree in Finance
- Masters degree in Finance
- PhD degree in Finance
Schools
Cities
Statistics
Professional Trends
Massachusetts Vs. National Finance Employment
| Massachusetts | 73,280 |
| National | 2,457,330 |
Of all of the finance professionals in the country, nearly 3% are in the state of Massachusetts.
Employment Growth for Finance professionals In Massachusetts
| 75,830 | 74,770 | 74,740 | 74,900 | 73,280 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
The number of finance professionals is shrinking in Massachusetts. In Massachusetts, 2,550 less finance professionals were working in 2010, than there were in 2006. Thus, the field of finance has shrunk by 3% in Massachusetts. This decline is faster than the change in the number of finance professionals around the country. Nationally, the number of finance professionals has shrunk by 1% from 2006 to 2010.
Finance VS. All Professions salaries in Massachusetts
| $70,096 | $77,832 | $78,081 | $78,417 | $80,209 |
| $49,058 | $52,712 | $53,675 | $55,178 | $56,645 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Finance
- Dark Yellow: All Professions
As the number of finance professionals is declining, the salaries paid to finance professionals are increasing in Massachusetts. The mean salary for finance professionals in 2006 was $70,096 per year. And in 2010 the mean salary was $80,209 per year.
Salary percentiles for Finance professionals in Massachusetts
10th percentile |
$44,167 |
25th percentile |
$55,030 |
50th percentile |
$72,103 |
75th percentile |
$95,972 |
90th percentile |
$119,841 |
This represents a growth in salaries of 13%. State trends for all professions mirror this growth. Within the field of finance, there is a huge variation in pay, with the highest paid finance professionals earning 103% more money than those in the bottom 10% of the pay bracket in Massachusetts state.
Average Salaries for Finance professionals and related professions in Massachusetts
Accounting |
$53,852 |
Business |
$109,129 |
Business Administration |
$102,900 |
Business Management |
$119,986 |
Finance |
$80,209 |
International Business |
$88,468 |
Marketing |
$103,050 |
Risk Management |
$83,317 |
Small Business |
$119,110 |
In Massachusetts, finance professionals make, on average, less than their counterparts in related professions.
Educational Trends
Finance programs available for each degree type for all schools in Massachusetts
associate |
4 |
bachelor |
26 |
master |
21 |
doctor |
2 |
Certificate |
6 |
| Total | 59 |
As the number of finance professionals is decreasing in Massachusetts state, the number of students graduating from the 28 accredited finance schools in Massachusetts state is increasing. In Massachusetts, there were 282 graduates in 2006. And there were 1,824 graduates from finance courses in 2010.
This represents a 547% increase in the number of finance degree or certificate school graduates in Massachusetts state. A majority of these graduates, or 44%, graduated with a bachelor's degree in finance.