Finance Consultant Education Requirements And Degrees

The education needed to be a finance consultant is normally a bachelor's degree. Finance consultants usually study business, accounting or finance. 72% of finance consultants hold a bachelor's degree and 17% hold a master's degree. We found these by analyzing 15,918 finance consultant resumes to investigate the topic of finance consultant education more precisely.

The most common colleges for students to pursue their goal of becoming a finance consultant are University of Phoenix and New York University. We also broke down what colleges provide the best overall education for a finance consultant. Students have a great path to earning their finance consultant qualifications at the following schools:

  1. University of Pennsylvania
  2. University of Minnesota - Twin Cities
  3. Howard University

If you're interested in getting a college degree in an affordable college for finance consultants - Baruch College of the City University of New York is an excellent option for you. If your SAT or ACT score aren't as high as you'd like, you can look at Oklahoma Wesleyan University, as the admission requirements aren't too selective. On the other end of that spectrum are the Northwestern University, University of Pennsylvania and Boston University.

For those who would rather stay in your pajamas during the day, we prepared some online courses that can help in finance consultant education paths.

We prepared a list of a finance consultant certifications that you should consider. The necessary certifications that finance consultants must have to succeed are Certified Professional, Life and Health Insurance Program (CPLHI) and Certified Management Accountant (CMA).

What Degree Should I Get to Become a Finance Consultant ?

The most common degree for finance consultants is bachelor's degree 72% of finance consultants earn that degree. A close second is master's degree with 17% and rounding it off is associate degree with 6%.

  • Bachelors, 72%
  • Masters, 17%
  • Associate, 6%
  • High School Diploma, 2%
  • Other Degrees, 3%
Finance Consultant DegreeascdescPercentagesascdesc
Bachelors
72.4%
Masters
17.1%
Associate
5.7%
High School Diploma
1.9%
Diploma
1.1%

What Should I Major in to Become a Finance Consultant ?

Most finance consultants, 29% to be exact, major in business. Some other common majors for a finance consultant include accounting and finance majors.

Finance Consultant MajorascdescPercentagesascdesc
Business
28.8%
Accounting
20.4%
Finance
20.1%
Economics
6.7%
Political Science
3.0%

Most Common Colleges for Finance Consultant

Here are the most common colleges for a finance consultant career in the US based on their resumes. Advocates often get their degree in University of Phoenix, New York University, and Pace University .

University of Phoenix

New York University

Pace University

Rutgers, The State University of New Jersey

Arizona State University

Finance Consultant Common CollegeascdescPercentagesascdesc
University of Phoenix
10.58%
New York University
7.94%
Pace University
6.25%
Rutgers, The State University of New Jersey
5.88%
Arizona State University
5.51%

Average Finance Consultant Salary by Education Level

Finance consultants with a Masters degree earn more than those without, at $92,986 annually. With a Doctorate degree, finance consultants earn a median annual income of $83,766.

Master's Degree

Bachelor's Degree

Doctorate Degree

Finance Consultant Education LevelascdescFinance Consultant Salaryascdesc
Master's Degree
$92,986
Bachelor's Degree
$82,922
Doctorate Degree
$83,766

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10 Best Universities For Finance Consultants

In a lot of cases, a higher education can mean a higher salary or even a better job. That's why we found out the best colleges for finance consultants. We based this list on these metrics: admissions rate, retention rate, mean earnings of students working, ratio of working vs. non-working students 10 years after admission, average cost of attendance and median debt for graduates.

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

3. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

4. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

5. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

6. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

9. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

10. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition
$10,555
Enrollment
30,360
RankascdescSchoolascdescLocationascdesc
1
University of Pennsylvania
Philadelphia, PA
2
University of Minnesota - Twin Cities
Minneapolis, MN
3
Howard University
Washington, DC
4
Northwestern University
Evanston, IL
5
Pennsylvania State University
University Park, PA

19 Best Online Courses for Finance Consultants

Sometimes things are just better when you get to stay in your pajamas all day. That includes school. We found top courses for finance consultants from Udemy, Coursera, EDX, and ed2go that will help you advance in your career. Here are essential skills you need to be a finance consultant:

  • Customer service
  • Financial services
  • Financial statements
If you want to improve finance consultants skills these courses could help you in this.

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Accounting, Bookkeeping, & Financial Statements: Zero to Pro
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3 courses in 1 - Basic Bookkeeping to Advanced Financial Accounting and Financial Statements Preparation in just 8 hours...

Accounting & Financial Statement Analysis: Complete Training
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Audit - Financial Statement
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Learn the audit process from planning to audit report form a Certified Public Accountant (CPA)...

Financial Accounting Payroll
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Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

Financial Modeling for Business Analysts and Consultants
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Learn Financial Modeling in Excel that will allow you to participate in due diligence, strategy or turn around projects...

Financial Planning Coaching Certification Holistic Coaching
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Value Investing: The Complete Financial Statement Analysis
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Investment Banking: The Complete Financial Ratio Analysis
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Financial Accounting
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Best Finance Consultant Certifications in 2021

There are certain things that come along with being certified. In addition to earning a credential that proves you know what you're doing, you might also receive some extra benefits or a salary raise from your company. Sometimes it pays to do the extra work. If you're interested in making more money as a finance consultant, you might consider earning these certifications:

  • Certified Professional, Life and Health Insurance Program (CPLHI)
  • Certified Management Accountant (CMA)
  • Chartered Financial Analyst (CFA)

1. Certified Professional, Life and Health Insurance Program (CPLHI)

The Certified Professional, Life and Health Insurance Program (CPLHI) Program is a three-course education program in Bahasa Indonesia specifically designed to meet the industry education requirements of professionals in Indonesia. Recognized by the Insurance Directorate, Ministry of Finance and the Life Assurance Association of Indonesia (AAJI), who also requested LOMA create the program, the CPLHI Program provides a comprehensive business education for life and health insurance professionals.

The Certified Professional, Life and Health Insurance Program (CPLHI) Program is a three-course education program in Bahasa Indonesia specifically designed to meet the industry education requirements of professionals in Indonesia. Recognized by the Insurance Directorate, Ministry of Finance and the Life Assurance Association of Indonesia (AAJI), who also requested LOMA create the program, the CPLHI Program provides a comprehensive business education for life and health insurance professionals.

Certification Details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or Written Exam Required? Yes
  • Renewal Required? No
Certifying Organization
LOMA
2. Certified Management Accountant (CMA)

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 1 year(s)
3. Chartered Financial Analyst (CFA)

The CFA charter is recognized as the definitive standard by which to measure the competence, integrity, and dedication of serious investment professionals.

The CFA charter is recognized as the definitive standard by which to measure the competence, integrity, and dedication of serious investment professionals.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? Yes
  • Renewal Required? 
Certifying Website
Chartered Financial Analyst
Certifying Organization
CFA Institute

Entry Level Jobs For Becoming A Finance Consultant

Top 10 Affordable Universities For Finance Consultants

If those top 10 were a bit out of your price range, you might want to check these schools instead. After factoring in in-state tuition and fees, average cost of attendance, admissions rate, average net price and mean earnings after 6 years, we found that these are the most affordable schools for finance consultants.

1. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition
$7,262
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,046

2. USF Sarasota-Manatee

Sarasota, FL • Private

In-State Tuition
$5,587
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,043

3. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,091

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-State Tuition
$7,240
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-State Tuition
$6,942
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,469

6. University of Florida

Gainesville, FL • Private

In-State Tuition
$6,381
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,034

7. Brigham Young University

Provo, UT • Private

In-State Tuition
$5,620
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,136

8. California State University - Long Beach

Long Beach, CA • Private

In-State Tuition
$6,798
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,306

9. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-State Tuition
$4,094
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,302

10. Florida International University

Miami, FL • Private

In-State Tuition
$6,556
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$19,434

Top 10 Hardest Universities To Get Into For Finance Consultants

Some people like a challenge. Well, we challenge you to get into one of these schools. It's not going to be easy. We know this based on these institutions' admissions rates, average SAT scores accepted, median ACT scores accepted and mean earnings of students 6 years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions Rate
8%
SAT Average
1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions Rate
8%
SAT Average
1,492

3. Boston University

Boston, MA • Private

Admissions Rate
22%
SAT Average
1,420

4. University of Southern California

Los Angeles, CA • Private

Admissions Rate
13%
SAT Average
1,445

5. New York University

New York, NY • Private

Admissions Rate
20%
SAT Average
1,419

6. Villanova University

Villanova, PA • Private

Admissions Rate
29%
SAT Average
1,407

7. Vanderbilt University

Nashville, TN • Private

Admissions Rate
10%
SAT Average
1,514

8. Bentley University

Waltham, MA • Private

Admissions Rate
43%
SAT Average
1,338

9. George Washington University, The

Washington, DC • Private

Admissions Rate
42%
SAT Average
1,380

10. SUNY at Binghamton

Vestal, NY • Private

Admissions Rate
40%
SAT Average
1,376
RankascdescSchoolascdescLocationascdesc
1
Northwestern University
Evanston, IL
2
University of Pennsylvania
Philadelphia, PA
3
Boston University
Boston, MA
4
University of Southern California
Los Angeles, CA
5
New York University
New York, NY

Top 10 Easier To Apply Universities For Finance Consultants

Why make getting a job harder on yourself than it has to be? With these colleges, you're sure to be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores and average salary of students 6 years after graduation in order to uncover which were the easiest schools to get into.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions Rate
68%
SAT Average
964

2. Holy Names University

Oakland, CA • Private

Admissions Rate
70%
SAT Average
849

3. Barry University

Miami, FL • Private

Admissions Rate
91%
SAT Average
1,006

4. Notre Dame College

Cleveland, OH • Private

Admissions Rate
90%
SAT Average
994

5. University of North Texas at Dallas

Dallas, TX • Private

Admissions Rate
83%
SAT Average
992

6. La Roche College

Pittsburgh, PA • Private

Admissions Rate
99%
SAT Average
1,008

7. Holy Family University

Philadelphia, PA • Private

Admissions Rate
72%
SAT Average
1,017

8. Ottawa University

Ottawa, KS • Private

Admissions Rate
78%
SAT Average
1,024

9. Saint Joseph's College of Maine

Standish, ME • Private

Admissions Rate
84%
SAT Average
1,069

10. Kean University

Union, NJ • Private

Admissions Rate
86%
SAT Average
991
RankascdescSchoolascdescLocationascdesc
1
Oklahoma Wesleyan University
Bartlesville, OK
2
Holy Names University
Oakland, CA
3
Barry University
Miami, FL
4
Notre Dame College
Cleveland, OH
5
University of North Texas at Dallas
Dallas, TX

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Updated April 30, 2021