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Finance professional education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become a finance professional. Finance professionals usually study business, finance, or accounting. 77% of finance professionals hold a bachelor's degree, and 11% hold an master's degree. We analyzed 2,154 real finance professional resumes to see exactly what finance professional education sections show.

The most common colleges for finance professionals are the University of Phoenix and the University of Phoenix.

There are also many online finance professional courses to help get the education required to be a finance professional.

There are certain finance professional certifications that you should consider. These finance professional certifications include Certified Professional, Life and Health Insurance Program (CPLHI) and Health Insurance Associate (HIA).

What education do you need to become a finance professional?

What degree do you need to be a finance professional?

The most common degree for finance professionals is bachelor's degree, with 77% of finance professionals earning that degree. The second and third most common degree levels are master's degree degree at 11% and master's degree degree at 8%.
  • Bachelor's, 77%
  • Master's, 11%
  • Associate, 8%
  • High School Diploma, 1%
  • Other Degrees, 3%

What should I major in to become a finance professional?

You should major in business to become a finance professional. 31% of finance professionals major in business. Other common majors for a finance professional include finance and accounting.

Most common colleges for finance professionals

Finance professionals often get their degrees at University of Phoenix, Rutgers, The State University of New Jersey, and University of California, Santa Barbara. Here are the most common colleges for finance professionals in the US based on their resumes.
Finance professional common collegePercentages
University of Phoenix9.13%
Rutgers, The State University of New Jersey7.83%
University of California, Santa Barbara6.09%
Ohio State University5.65%
University of California - Davis5.65%

Best majors for finance professionals

RankMajorPercentages
1Business31.2%
2Finance19.3%
3Accounting9.3%
4Economics7.5%
5Marketing4.8%

Best colleges for finance professionals

The best colleges for finance professionals are Northwestern University, University of Pennsylvania, and Boston University.

A finance professional with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for finance professionals. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become finance professionals.

1. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-state tuition

$14,760

Enrollment

31,451

2. Howard University

Washington, DC • Private

In-state tuition

$26,756

Enrollment

6,166

3. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

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 Nebraska - Lincoln

Lincoln, NE • Private

In-state tuition

$9,242

Enrollment

20,592

7. University of Southern California

Los Angeles, CA • Private

In-state tuition

$56,225

Enrollment

19,548

8. SUNY at Binghamton

Vestal, NY • Private

In-state tuition

$9,808

Enrollment

13,990

9. Villanova University

Villanova, PA • Private

In-state tuition

$53,308

Enrollment

6,819

10. San Diego State University

San Diego, CA • Private

In-state tuition

$7,488

Enrollment

30,018

20 best online courses for finance professionals

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Learn Financial Modeling for Project Finance and Infrastructure Valuation ( DCF and IRR )...

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Understanding key elements and basic workings of the Financial Services Industry (useful for exams as well)...

7. Financial Planning Coaching Certification Holistic Coaching

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8. Financial Statement Analysis

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9. How to Read Financial Statements: Build Financial Literacy.

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10. Personal Finance: Financial Security Thinking & Principles

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18. Financial Statement Analysis - Ratio Analysis

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Master the Art of Financial Statement Analysis: Unlocking Insights through Vertical, Horizontal, and Ratio Analysis...

19. Audit - Financial Statement

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Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...

20. Investment Banking: The Complete Financial Ratio Analysis

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Investment Banking For Investors & Financial Analysts - How to Perform Financial Statement Analysis & Company Valuation...

Top 10 most affordable universities for finance professionals

The most affordable schools for finance professionals are Baruch College of the City University of New York, suny farmingdale, and usf sarasota-manatee.

If the best universities for finance professionals are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for finance professionals.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

3. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

6. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

7. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

8. California State University - Bakersfield

Bakersfield, CA • Private

In-state tuition

$7,309

Cost of attendance

16,714

9. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

10. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

Top 10 hardest universities to get into for finance professionals

The hardest universities for finance professionals to get into are Northwestern University, University of Pennsylvania, and Boston University.

Some great schools for finance professionals are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for finance professionals based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six 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. Stanford University

Stanford, CA • Private

Admissions rate

4%

SAT average

1,497

5. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

6. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

7. Villanova University

Villanova, PA • Private

Admissions rate

29%

SAT average

1,407

8. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

9. Bentley University

Waltham, MA • Private

Admissions rate

43%

SAT average

1,338

10. George Washington University, The

Washington, DC • Private

Admissions rate

42%

SAT average

1,380

Top 10 easy-to-apply-to universities for finance professionals

The easiest schools for finance professionals to get into are Oklahoma Wesleyan University, holy names university, and barry university.

Some schools are much easier to get into. If you want to start your career as a finance professional without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for finance professionals.

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. Saint Joseph's College of Maine

Standish, ME • Private

Admissions rate

84%

SAT average

1,069

9. Ottawa University

Ottawa, KS • Private

Admissions rate

78%

SAT average

1,024

10. LIM College

New York, NY • Private

Admissions rate

83%

SAT average

1,061

Average finance professional salary by education level

Finance professionals with a Doctorate degree earn more than those without, at $68,340 annually. With a Master's degree, finance professionals earn a median annual income of $63,145 compared to $57,968 for finance professionals with an Bachelor's degree.
Finance professional education levelFinance professional salary
Master's Degree$63,145
Bachelor's Degree$57,968
Doctorate Degree$68,340

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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