2024 Most Affordable Finance Degree Programs Ranking in Scranton, PA

What can I expect from a Finance degree in Scranton, PA?

Students pursuing a finance degree in Scranton, PA, can expect a well-rounded education that prepares them for various roles in the financial sector. Graduates often share their experiences, highlighting key aspects of their programs that shaped their careers.

• Core Curriculum: Many graduates recall diving into subjects like financial accounting and investment strategies. One graduate mentioned how a course on risk management helped them understand the intricacies of market fluctuations, providing a solid foundation for their career as a financial analyst.
• Diverse Career Paths: The versatility of a finance degree is a common theme among alumni. They often reflect on how their education opened doors to roles such as personal financial advisors or budget analysts. One graduate noted the excitement of landing a job in a growing field, emphasizing the projected 11% growth rate for financial analysts through 2026.
• Skill Acquisition: Students frequently highlight the critical skills they developed during their studies. For instance, a graduate shared how their analytical skills were honed through projects that required interpreting complex financial data, which proved invaluable in their current role advising clients.
• Professional Certifications: Many graduates pursued additional certifications like the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP). One graduate recounted how obtaining the CFP designation significantly enhanced their credibility and opened up new career opportunities.
• Internship Opportunities: Practical experience is a cornerstone of finance programs in Scranton. Graduates often reflect on their internships, which provided them with firsthand insights into the finance industry. One graduate described how their internship experience allowed them to apply classroom theories in real-world scenarios, boosting their confidence and employability.
• Earning Potential: Graduates consistently expresssatisfaction with their earning potential. Many mention that financial analysts typically earn around $77,000, and personal financial planners enjoy similar compensation, making their hard work in school feel worthwhile.

These experiences illustrate the comprehensive and supportive environment that finance degree programs in Scranton, PA, offer, equipping students with the tools they need for a successful career in finance.

Where can I work with a Finance degree?

Graduates with a finance degree from institutions in Scranton, PA, can find themselves in a variety of rewarding career paths. Many alumni have shared their experiences, highlighting the diverse opportunities available in the local job market.

• Corporate Finance: Graduates often secure positions in corporate finance, where they engage in budgeting and investment analysis. One graduate recalled how their role as a financial analyst at a local manufacturing firm allowed them to directly impact the company's financial strategies, earning a competitive salary and gaining invaluable experience.
• Public Sector: Many finance professionals find fulfilling roles within government agencies. A graduate mentioned working for a state agency, overseeing public funds and ensuring compliance with financial regulations. This role not only provided job stability but also a sense of pride in contributing to the community.
• Investment Banking: For those drawn to high-stakes environments, investment banking offers exciting challenges. A graduate shared their experience in a fast-paced investment firm, where they assisted with mergers and acquisitions, often working long hours but reaping the rewards of a lucrative salary.
• Consulting: The consulting sector is another popular avenue, with graduates advising businesses on financial strategies. One graduate described the thrill of working with diverse clients, helping them optimize their financial operations and navigate complex challenges.
• Fintech: The rise of financial technology has opened new doors for finance graduates. A recent alumna spoke about her role as a business analyst in a fintech startup, where she combined her finance knowledge with tech skills to develop innovative financial solutions.
• Asset and Wealth Management: Many graduates also pursue careers in asset management, helping clients achieve their financial goals. One graduate recounted the satisfaction of managing investmentportfolios and providing personalized financial planning.
• Insurance: The insurance industry offers roles for finance graduates to evaluate risks and develop financial products. A graduate shared how their analytical skills were put to use in assessing claims and ensuring the stability of the company.
• Nonprofits and Healthcare: Lastly, finance professionals are needed in nonprofits and healthcare organizations to manage budgets and ensure financial sustainability. A graduate expressed fulfillment in working for a local nonprofit, where they could make a difference while applying their finance expertise.

These experiences reflect the vibrant career landscape for finance graduates in Scranton, PA, showcasing the potential for growth and success in various sectors.

How much can I make with a Finance degree in Scranton, PA?

Graduates with a Finance degree in Scranton, PA, can expect to earn competitive salaries in various roles within the financial sector. For instance, a Financial Advisor in the area has a mean annual wage of approximately $137,740, translating to about $66.22 per hour. This role often involves helping clients manage their investments and plan for their financial futures, a rewarding career path that many graduates find fulfilling.

Another common position for Finance graduates is that of a Credit Analyst, where the mean annual wage is around $92,180, or $44.32 per hour. Graduates often share how their coursework at local institutions, such as the University of Scranton, equipped them with the analytical skills needed to assess creditworthiness and make informed lending decisions.

Additionally, Insurance Underwriters, another viable career option, earn a mean annual wage of $82,990, which breaks down to about $39.90 per hour. Many graduates recount their experiences in internships that provided hands-on training in risk assessment and policy evaluation, making them well-prepared for this role.

Here are some key takeaways for Finance degree graduates in Scranton, PA:

• Financial Advisor: $137,740 annually / $66.22 hourly
• Credit Analyst: $92,180 annually / $44.32 hourly
• Insurance Underwriter: $82,990 annually / $39.90 hourly

Graduates often express how their time at local colleges not only provided them with theoretical knowledge but also practical experiences through internships and networking opportunities. These experiences have proven invaluable as they transition into the workforce, allowing them to secure positions that offer both financial stability and personal satisfaction. The supportive community in Scranton fosters connections that help graduates thrive in their chosen careers.

How long does it take to complete a Finance degree in Scranton, PA?

Completing a Finance degree in Scranton, PA, typically takes different amounts of time depending on the level of the program. For an associate degree, students can expect to spend about two years in a full-time program. This foundational degree often serves as a stepping stone for those looking to enter the workforce quickly or pursue further education. Graduates from local community colleges often share how this degree helped them secure entry-level positions in banking or financial services, allowing them to gain practical experience while continuing their studies.

A bachelor’s degree in Finance usually requires four years of full-time study. Institutions like the University of Scranton offer comprehensive programs that not only cover essential financial principles but also provide opportunities for internships and networking. Graduates frequently highlight how their involvement in real-world projects and internships during their studies helped them land jobs in competitive fields, such as investment banking or financial analysis, shortly after graduation.

For those considering advanced education, a master’s degree in Finance can take an additional one to two years. Programs such as the MBA with a Finance concentration at local universities allow students to deepen their expertise and enhance their career prospects. Graduates often report that the advanced coursework and networking opportunities provided by these programs significantly boosted their confidence and employability in the finance sector.

In summary, prospective students in Scranton can expect the following timelines for Finance degrees:

• Associate Degree: Approximately 2 years
• Bachelor’s Degree: Approximately 4 years
• Master’s Degree: 1 to 2 additional years

These programs not only equip students with essential financial knowledge but also foster a supportive community that encourages personal and professional growth.

What’s the difference between online and on-campus Finance degree?

The primary difference between online and on-campus Finance degrees lies in the mode of delivery and the overall student experience. In Scranton, PA, institutions like the University of Scranton and Marywood University offer both formats, catering to diverse learning preferences.

Online Finance degrees provide flexibility, allowing students to balance work, family, and studies. Graduates often share how they appreciated the ability to attend classes from home, fitting coursework around their busy schedules. For instance, one graduate noted that online classes allowed them to complete assignments during their lunch breaks, making education more accessible without sacrificing job commitments.

On-campus programs, on the other hand, foster a more traditional college experience. Students benefit from face-to-face interactions with professors and peers, which can enhance networking opportunities. Graduates from local universities often emphasize the value of in-person discussions and group projects, which can lead to lasting professional relationships.

Key differences include:

• Interaction: On-campus students engage directly with faculty and classmates, while online students may rely on discussion boards and video calls.
• Structure: Online programs often allow for self-paced learning, whereas on-campus courses follow a set schedule.
• Resources: On-campus students have immediate access to campus facilities, such as libraries and study rooms, which can enrich their learning experience.

Both formats have their merits. For example, a graduate from the University of Scranton highlighted how the on-campus experience provided invaluable mentorship opportunities, while another from Marywood University appreciated the convenience of online classes, especially during their internship. Ultimately, the choice between online and on-campus Finance degrees in Scranton depends on individual circumstances, learning styles, and career goals.

What is the average cost of a Finance degree in Scranton, PA?

The average cost of obtaining a finance degree in Scranton, PA, can vary widely depending on several factors, including the type of institution and residency status. For students considering this path, understanding these costs is essential for planning their educational journey.

• Tuition Fees: In-state students at public universities in Scranton typically face tuition costs ranging from $10,000 to $30,000 per year. Out-of-state students may see tuition rates exceeding $40,000 annually. Private colleges in the area often charge more, with tuition averaging between $30,000 and $50,000 per year. Graduates from local public universities often share how they appreciated the affordability of their education, allowing them to focus on their studies without overwhelming financial stress. This affordability is a significant factor when considering the average cost of finance degree in Scranton.
• Additional Expenses: Beyond tuition, students should anticipate additional costs. Textbooks and course materials can add approximately $1,000 to $2,000 each year. Technology fees, especially for online programs, can further increase expenses. For those living on campus, housing costs can range from $8,000 to $15,000 annually. Many graduates recall how budgeting for these expenses helped them develop valuable financial management skills even before entering the workforce. Understanding these additional expenses is crucial for prospective students.
• Financial Aid: A significant portion of undergraduate students, around 66%, receive some form of financial aid, which may include grants, scholarships, and loans. This financial support can substantially reduce the overall cost of obtaining a finance degree. Graduates often express gratitude for the scholarships they received, which made their education more accessible and less burdensome. Financial aid plays a vital role in making education more attainable for many students.
• Return on Investment: While theinitial costs may seem daunting, a finance degree can lead to lucrative career opportunities. Graduates frequently highlight the rewarding nature of their careers, with financial managers earning a median annual salary of approximately $156,100 and personal financial advisers earning around $99,580 annually. This potential for high earnings makes the investment in a finance education in Scranton, PA, a promising choice for many students. For those interested in high-salary MBA graduates, exploring various programs can provide insights into the best paths to take.

In conclusion, while the average cost of finance degree in Scranton may vary, the potential return on investment and the availability of financial aid make it a worthwhile consideration for many students.

Professional Networking and Certification Pathways

Building a strong professional network and earning industry-recognized certifications can significantly enhance the value of your Finance degree in Scranton, PA. Many students join on-campus clubs such as the Finance and Investment Society at the University of Scranton or the Marywood Business Leaders Group to foster peer connections and engage in real-world case competitions. Local chapters of professional organizations—like the CFA Society of Northeast Pennsylvania and the Financial Planning Association—host regular seminars, networking mixers, and mentorship programs that introduce students to seasoned finance professionals. Internship fair events, often coordinated through campus career centers, provide direct pipelines to regional employers such as PNC Bank, Geisinger Health, and local asset management firms. Participating in these internship programs not only builds practical skills but also expands your professional contacts, increasing the likelihood of receiving full-time offers upon graduation. Certification pathways, including the Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP) designations, are highly regarded in the industry. Scranton institutions frequently offer preparatory workshops and study groups, leveraging alumni volunteers who have successfully passed these rigorous exams. Earning a CFA charter demonstrates advanced analytical competence, while a CFP credential underscores expertise in personal wealth management. For students aiming to further accelerate their career trajectory, pursuing an MBA with a finance concentration can open doors to executive roles and specialized leadership tracks. Research.com highlights some of the best rated online mbas in finance, which combine flexible learning with robust networking opportunities, positioning graduates for high-impact positions in corporate finance, investment banking, or consulting.

What financial aid is available to Finance degree students in Scranton, PA?

Finance degree students in Scranton, PA, benefit from a robust array of financial aid options designed to ease the financial burden of their education. With approximately 99% of students receiving some form of assistance, the support available is substantial and varied.

Key financial aid resources include:

• Grants: These funds, awarded based on financial need, do not require repayment. For example, a graduate shared how receiving a state grant significantly reduced their tuition costs, allowing them to focus more on their studies rather than worrying about finances.
• Scholarships: Many local institutions, such as Penn State Scranton, automatically consider first-year students for scholarships based on academic performance. One graduate recounted how a merit-based scholarship not only alleviated tuition costs but also motivated them to maintain high academic standards throughout their degree.
• Loans: Low-interest loans are available to cover remaining expenses after grants and scholarships. A recent graduate mentioned that while they took out a loan, the manageable repayment plan made it easier to transition into their career without overwhelming debt.
• Work-Study Programs: Federal work-study opportunities allow students to earn money while studying. A graduate described how working part-time in the university’s finance department not only helped pay for books and supplies but also provided valuable experience in the field.
• Special Programs: Institutions like Lackawanna College and the University of Scranton offer tailored programs, including emergency relief funds and tuition payment plans. One student shared how an emergency fund helped them navigate unexpected expenses, ensuring they could continue their education without interruption.

Completing the Free Application for Federal Student Aid (FAFSA) is crucial for students to access these resources. By exploring these financial aid options, finance degree students in Scranton cansignificantly reduce their financial burden, allowing them to concentrate on their academic and career aspirations.

Return on Investment: Assessing the Long-Term Value of a Finance Degree in Scranton, PA

Investing in a Finance degree is a major financial commitment, and understanding the return on investment (ROI) can help prospective students make informed decisions. In Scranton, PA, the average annual tuition for a bachelor’s in Finance ranges from $10,000 to $30,000 for in-state students and up to $50,000 for private colleges. When paired with the mean starting salary of $77,000 for entry-level financial analysts and $137,740 for financial advisors, graduates can expect to recoup their educational costs within 4–6 years of full-time employment. Calculating ROI involves comparing total program costs—including tuition, fees, and living expenses—to lifetime earnings. Assuming a four-year degree cost of $120,000 and an average mid-career salary of $96,000, a Scranton Finance graduate may break even around year six, after accounting for taxes and living expenses. By year ten, cumulative earnings can exceed $600,000, yielding a net gain of over $480,000 above initial educational expenses. For students exploring regional alternatives, Scranton’s affordability compares favorably with neighboring states. For instance, data from the Affordable Finance Degree Programs Ranking in Minnesota shows slightly higher tuition averages but similar salary outcomes, translating to a comparable ROI timeline. This benchmark highlights Scranton’s competitive edge in combining lower average costs with robust salary prospects. To maximize ROI, prospective students should: • Apply for merit-based and need-based scholarships early • Leverage federal work-study and campus employment to offset living costs • Pursue paid internships and co-op programs to boost earnings potential post-graduation • Consider accelerated or dual-degree tracks to enter the workforce sooner By strategically managing financial aid, living expenses, and practical experience, students can not only reduce debt but also accelerate their path to financial stability and career growth.

What are the prerequisites For enrolling in a Finance program in Scranton, PA?

To enroll in a Finance program in Scranton, PA, prospective students typically need to meet several prerequisites that ensure they are prepared for the rigors of the curriculum. Most institutions, such as the University of Scranton and Marywood University, require a high school diploma or equivalent, along with a minimum GPA, often around 2.5 to 3.0. Additionally, standardized test scores like the SAT or ACT may be required, although some schools have adopted test-optional policies.

Graduates often recall their enrollment experiences fondly. One graduate mentioned how the admissions team at the University of Scranton was incredibly supportive, guiding them through the application process and helping them understand the importance of their high school coursework in mathematics and economics. This student emphasized that having a solid foundation in these subjects was crucial, as they directly relate to the analytical skills needed in Finance.

Key prerequisites include:

• High School Diploma or Equivalent: Essential for all applicants.
• Minimum GPA: Generally between 2.5 and 3.0, depending on the institution.
• Standardized Test Scores: SAT or ACT scores may be required, though some schools are moving towards test-optional policies.
• Prerequisite Courses: Courses in mathematics, economics, and accounting are often recommended to prepare for the program.

Another graduate shared how they took advanced placement courses in math and economics during high school, which not only boosted their GPA but also made them feel more confident in tackling the Finance curriculum. They found that these courses provided a strong foundation for understanding complex financial concepts.

Overall, the enrollment process in Scranton is designed to be accessible and supportive, allowing students to embark on their Finance education with the necessary tools for success.

What courses are typically in a Finance program in Scranton, PA?

Finance programs in Scranton, PA typically encompass a diverse range of courses designed to equip students with essential skills and knowledge for the financial sector. Core courses often include:

• Financial Accounting: This foundational course teaches students how to prepare and analyze financial statements, a skill crucial for any finance professional. Graduates often recall the hands-on projects where they simulated real-world accounting scenarios, enhancing their understanding of financial reporting.
• Corporate Finance: Students delve into the principles of capital management and investment strategies. Many graduates fondly remember group projects where they evaluated the financial health of local businesses, providing practical insights into corporate decision-making.
• Investment Analysis: This course focuses on evaluating investment opportunities and understanding market dynamics. Graduates frequently mention the excitement of participating in stock market simulations, which allowed them to apply theoretical knowledge in a competitive environment.
• Financial Markets and Institutions: Understanding the role of various financial institutions is crucial. Students often share how engaging discussions about the impact of the Federal Reserve on local economies deepened their appreciation for macroeconomic factors.
• Risk Management: This course teaches students how to identify and mitigate financial risks. Graduates often reflect on case studies involving real companies, which helped them grasp the importance of risk assessment in strategic planning.
• Personal Finance: Many programs include this practical course, where students learn about budgeting, saving, and investing for personal wealth management. Graduates often express gratitude for the life skills gained, which they apply in their own financial planning.

These courses not only provide theoretical knowledge but also foster practical skills through collaborative projectsand simulations, making the learning experience both engaging and relevant to real-world applications.

What types of specializations are available in a Finance program in Scranton, PA?

Students pursuing a finance degree in Scranton, PA, have access to a range of specializations that cater to various interests and career goals within the finance sector. These specializations not only enhance students' knowledge but also improve their employability in a competitive job market. Here are some key options available:

• Investment Management: Graduates often share how they learned to manage investment portfolios, focusing on asset allocation and market analysis. One graduate recalled using real-world case studies to develop strategies that could lead to significant returns.
• Corporate Finance: Many students appreciate the insights gained into corporate financial operations. A graduate mentioned how understanding capital structure helped them secure a role in a local corporation, where they contribute to enhancing shareholder value.
• International Finance: This specialization prepares students for the global market. A graduate reflected on how studying foreign exchange markets equipped them with the skills to navigate international trade, making them a valuable asset in multinational firms.
• Real Estate Finance: Students interested in real estate investments find this area particularly engaging. One graduate described how learning about property valuation and market analysis led them to a successful career in real estate development.
• Financial Planning: Aspiring financial advisors often thrive in this specialization. A graduate shared their passion for helping individuals manage personal finances, emphasizing the importance of retirement planning and investment strategies.
• Risk Management: This area teaches students to identify and mitigate financial risks. A graduate recounted their experience in a project that involved assessing market risks, which prepared them for a role in a risk management firm.
• Financial Analysis: Students in this specialization learn to evaluate financial data and provide strategicrecommendations. One graduate expressed how their analytical skills helped them land a job in a financial consulting firm.

For those seeking affordable finance program options in Scranton, there are various institutions that offer competitive tuition rates while providing quality education. Despite the diverse opportunities, it's important to note that only 16.0% of finance faculty from top-100 U.S. business schools are women, which can impact career outcomes and networking opportunities. This statistic highlights the need for increased representation in finance education, ensuring that all students have equal chances for success.

If you're interested in exploring more about finance degree specializations in Scranton PA, you can find additional resources and programs that fit your needs. For instance, you might consider looking into business degree programs online affordable to enhance your educational journey.

What is the job market For Finance degree graduates in Scranton, PA?

Graduates with a finance degree in Scranton, PA, can expect a robust job market characterized by strong growth and competitive salaries. The overall median annual wage for all occupations in business and finance in the area is reported at $76,850, which is significantly higher than the median annual wage of $46,310 across all occupations. This indicates that finance graduates in Scranton are well-positioned to secure lucrative entry-level roles, making the region an attractive destination for those seeking finance job opportunities in Scranton PA.

• Job Growth: The finance sector is projected to grow at a rate that exceeds the average for all professions, with approximately 963,500 job openings anticipated each year nationwide. This growth is fueled by both new positions and the need to replace departing workers, creating ample opportunities for recent graduates. The strong demand for finance professionals contributes to the positive career prospects for finance graduates Scranton.
• Entry-Level Demand: Positions such as financial analysts, tax associates, and auditors are particularly sought after. Many individuals currently working in Scranton have shared their experiences of landing these roles shortly after graduation, often highlighting how local firms actively seek fresh talent to navigate the complexities of finance.
• Specialization Opportunities: Graduates can explore various specializations within finance, including corporate finance and personal financial advising. One local finance professional recounted how they found their niche in investment banking, which not only aligned with their interests but also offered a clear path for career advancement.
• Networking and Development: Despite the positive outlook, challenges such as regulatory changes exist. Graduates are encouraged to engage in networking and professional development opportunities. A recent graduate mentioned attending local finance seminars, which helped them connectwith industry leaders and gain insights into emerging trends. Additionally, those interested in furthering their education may consider options like California online MBA programs to enhance their qualifications.

In summary, the finance job market in Scranton, PA, presents a wealth of opportunities for graduates, characterized by strong growth prospects and attractive compensation. With the right skills and networking efforts, new finance professionals can thrive in this dynamic environment.