Doctor’s Degrees in Finance & Financial Management
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Education Levels of Finance Majors
During the 2018-2019 academic year, 67 students earned their doctor's degree in finance. This makes it the 7th most popular doctor's degree program in the country.
The following table shows the number of diplomas awarded in finance at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 46,736 |
| Master’s Degree | 5,579 |
| Basic Certificate | 2,713 |
| Graduate Certificate | 631 |
| Associate’s Degree | 296 |
| Undergraduate Certificate | 164 |
| Doctor’s Degree | 67 |
Earnings of Finance Majors With Doctor’s Degrees
The median salary for graduates holding a doctor's degree in finance is $92,900. However, this can depend on a number of factors, such as where you live and the number of years experience you have.
To get a better picture, earnings for this category of people can range from a low of $92,900 to a high of $92,900.
Student Debt
The median student debt for graduates holding a doctor's degree in finance is $41,880. The length of time it takes you to graduate and what college you attend can affect this number quite a bit.
The chart below shows the range of accumulated debt loads. On the high side of the range, $41,880 is the debt load, and the debt load on the low side is $41,880.
The median monthly payment of a finance graduate with a 10-year repayment plan is $488.
Student Diversity
More men than women pursue doctor's degrees in finance. About 74.6% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 50 |
| Women | 17 |
The racial-ethnic distribution of finance doctor’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 9 |
| Black or African American | 3 |
| Hispanic or Latino | 5 |
| White | 20 |
| International Students | 25 |
| Other Races/Ethnicities | 5 |
Most Popular Finance Programs for Doctor’s Degrees
There are 21 colleges that offer a doctor’s degree in finance. Learn more about the most popular 20 below:
Kansas State University tops the list of the most popular school in the U.S. for finance majors who are seeking their doctor's degree. Roughly 22,200 attend the school each year. The average in-state tuition for full-time undergraduates is $9,735 per year, while in-state graduate students, on average, pay $10,212 per year.
The finance program at Kansas State University awarded 11 doctor's degrees during the 2018-2019 school year. About 55% of this group were women, and 9% were students from an underrepresented racial-ethnic group.
University of Pennsylvania is the 2nd most popular school in the nation for students seeking a doctor's degree in finance. Roughly 25,800 attend the school each year. The average in-state tuition for full-time undergraduates is $51,156 per year, while in-state graduate students, on average, pay $36,254 per year.
The finance program at University of Pennsylvania awarded 9 doctor's degrees during the 2018-2019 school year. About 33% of this group were women, and 22% were students from an underrepresented racial-ethnic group.
Northwestern University is the 3rd most popular school in the nation for students seeking a doctor's degree in finance. Each year, around 22,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $56,232 per year, while in-state graduate students, on average, pay $56,067 per year.
During the 2018-2019 academic year, 7 people received their doctor's degree in finance from Northwestern. Of these students, 29% were women and 57% were members of underrepresented racial-ethnic groups.
The 4th most popular school in the country for finance majors who are seeking their doctor's degree is Texas Tech University. Each year, around 38,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $6,744 per year, while in-state graduate students, on average, pay $5,958 per year.
The finance program at Texas Tech University awarded 6 doctor's degrees during the 2018-2019 school year. Around 50% of these students were from an underrepresented racial-ethnic group, and 17% were women.
Capella University is the 5th most popular school in the nation for students seeking a doctor's degree in finance. The average in-state tuition for full-time undergraduates is $14,148 per year, while in-state graduate students, on average, pay $14,767 per year.
The finance program at Capella University awarded 4 doctor's degrees during the 2018-2019 school year.
New York University is the 5th most popular school in the nation for students seeking a doctor's degree in finance. Each year, around 51,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $50,684 per year, while in-state graduate students, on average, pay $33,408 per year.
The finance program at New York University awarded 4 doctor's degrees during the 2018-2019 school year. About 25% of this group were women, and 25% were students from an underrepresented racial-ethnic group.
Boston College comes in at #5 on our list of the most popular colleges offering doctor's degrees in finance. The average in-state tuition for full-time undergraduates is $56,780 per year, while in-state graduate students, on average, pay $30,600 per year.
The finance program at Boston College awarded 4 doctor's degrees during the 2018-2019 school year.
The 8th most popular school in the country for finance majors who are seeking their doctor's degree is Inter American University of Puerto Rico - Metro. The average in-state tuition for full-time undergraduates is $6,840 per year, while in-state graduate students, on average, pay $3,870 per year.
During the 2018-2019 academic year, 3 people received their doctor's degree in finance from Inter American University of Puerto Rico - Metro.
The 8th most popular school in the country for finance majors who are seeking their doctor's degree is The University of Texas at San Antonio. Roughly 32,200 attend the school each year. The average in-state tuition for full-time undergraduates is $5,510 per year, while in-state graduate students, on average, pay $5,771 per year.
For the 2018-2019 academic year, 3 doctor's degrees were handed out to finance majors at UTSA.
Georgia State University is the 8th most popular school in the nation for students seeking a doctor's degree in finance. The average in-state tuition for full-time undergraduates is $7,158 per year, while in-state graduate students, on average, pay $7,164 per year.
For the 2018-2019 academic year, 3 doctor's degrees were handed out to finance majors at Georgia State.
American College of Financial Services comes in at #8 on our list of the most popular colleges offering doctor's degrees in finance. Each year, around 9,500 students seeking various degrees attend the university. For the 2018-2019 academic year, 3 doctor's degrees were handed out to finance majors at The American College. Around 67% of these students were from an underrepresented racial-ethnic group, and 33% were women.
The University of Alabama comes in at #8 on our list of the most popular colleges offering doctor's degrees in finance. The average in-state tuition for full-time undergraduates is $10,780 per year, while in-state graduate students, on average, pay $10,780 per year.
During the 2018-2019 academic year, 3 people received their doctor's degree in finance from UA.
University of Puerto Rico - Rio Piedras is the 13th most popular school in the nation for students seeking a doctor's degree in finance. The average in-state tuition for full-time undergraduates is $3,968 per year, while in-state graduate students, on average, pay $3,420 per year.
The finance program at University of Puerto Rico - Rio Piedras awarded 2 doctor's degrees during the 2018-2019 school year.
Michigan State University is the 13th most popular school in the nation for students seeking a doctor's degree in finance. Each year, around 50,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,555 per year, while in-state graduate students, on average, pay $18,858 per year.
During the 2018-2019 academic year, 2 people received their doctor's degree in finance from Michigan State.
The 15th most popular school in the country for finance majors who are seeking their doctor's degree is Carnegie Mellon University. The average in-state tuition for full-time undergraduates is $55,816 per year, while in-state graduate students, on average, pay $45,037 per year.
For the 2018-2019 academic year, 1 doctor's degrees were handed out to finance majors at Carnegie Mellon.
University of Connecticut comes in at #15 on our list of the most popular colleges offering doctor's degrees in finance. The average in-state tuition for full-time undergraduates is $13,798 per year, while in-state graduate students, on average, pay $16,300 per year.
The finance program at University of Connecticut awarded 1 doctor's degrees during the 2018-2019 school year.
The 15th most popular school in the country for finance majors who are seeking their doctor's degree is Anderson University Indiana. The average in-state tuition for full-time undergraduates is $30,700 per year, while in-state graduate students, on average, pay $9,808 per year.
For the 2018-2019 academic year, 1 doctor's degrees were handed out to finance majors at Anderson University Indiana.
Finance Concentrations
| Major | Annual Degrees Awarded |
|---|---|
| Finance | 47 |
| Financial Planning & Services | 20 |
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Related Majors
Below are some popular majors that are similar to finance that offer doctor’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 2,604 |
| Human Resource Management | 317 |
| Business & Commerce | 258 |
| Management Sciences & Methods | 102 |
| International Business | 53 |
References
*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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