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The tables below present the occupations that are most commonly associated with a degree in Finance. We have separated the tables depending on whether we examine graduates who stop their education with the bachelors degree in Finance, and those who get either a masters in Finance, a Ph.D. in Finance.
While the list above describes the occupations of students with advanced degrees in Finance some students with a bachelors degree in Finance will get advanced degrees in other fields. The tables listed below descibe the types of advanced degrees that were chosen by students with a bachelors in Finance.
Since all of the above tables present information on the average salary, it is possible to lose sight of the fact that some majors place students in jobs with a narrow range of salaries near to the mean while others place students in many different income categories. For this reason, we have drawn two frequency distributions (histograms) of Finance Salaries.
The diagram below includes all
students with a major in Finance who received no degree beyond the bachelors.
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The diagram below includes all
students with a major in Finance while an undergraduate. The data includes students who
subsequently earned degrees beyond the bachelors. 
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The information in the table below is based on data from people of all sexes and ages
whose most recent college degree was a bachelors degree majoring in Finance.
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Avg 1993 Number of Pct of Salary Observations Majors Description of Occupation ----------------------------------------------------------------------------------------------------------------------------------------------------------------- $46,277 213 23.48 Accountants, auditors, and other financial specialists $60,961 156 17.20 Top and mid-level managers, executives, administrators (people who manage other managers) $59,769 128 14.11 Insurance, securities, real estate, and business services $48,122 73 8.05 OTHER management related occupations $48,835 40 4.41 OTHER marketing and sales occupations $26,034 40 4.41 OTHER administrative (e.g., record clerks, telephone operators) $48,467 27 2.98 Computer system analysts $26,612 25 2.76 Accounting clerks, bookkeepers $47,525 21 2.32 Sales Occupations - Commodities Except Retail (e.g., industrial machinery/equipment/supplies, medical and dental equiptment/supplies) $46,806 20 2.21 Computer programmers (business, scientific, process control) $35,230 20 2.21 OTHER OCCUPATIONS (Not Listed) $40,356 13 1.43 OTHER computer, information science Occupations $57,518 12 1.32 Transportation/material moving occupations $36,373 11 1.21 OTHER service occupations, except health $40,203 10 1.10 Sales Occupations - Retail (e.g., furnishings, clothing, motor vehicles, cosmetics) $44,107 9 .99 Construction trades, miners and well drillers $58,274 7 .77 Personnel, training, and labor relations specialists $58,680 5 .55 Information systems scientists or analysts $29,768 5 .55 Operators and related occupations (e.g., machine set-up, machine operators and tenders, fabricators, assemblers) $31,671 5 .55 Social Workers $34,900 5 .55 Protective services (e.g., fire fighters, police, guards) $25,020 5 .55 Secretaries, receptionists, typists $24,790 5 .55 Food Preparation and Service (e.g., cooks, waitresses, bartenders) $42,748 5 .55 Unknown $23,150 4 .44 Teachers: Secondary - computer, math or sciences $23,300 4 .44 Precision/production occupations (e.g., workers, woodworkers, butchers, bakers, printing occupations, tailors, shoemakers, photographic process) $41,167 3 .33 Computer engineer - software $52,507 3 .33 Other engineers $27,200 3 .33 Farmers, Foresters and Fishermen $36,828 3 .33 Engineers: Industrial $27,600 3 .33 Health Technologists and Technicians (e.g., dental hygienists, health record technologists/technicians, licensed practical nurses, medical or laboratory technicians, radiologic technologists/technicians) $25,635 3 .33 Teachers: Elementary $34,800 2 .22 Engineers: Electrical, electronic, industrial, mechanical $40,300 2 .22 Operations research analysts, modelling $45,350 2 .22 Statisticians $29,000 2 .22 Artists, Broadcasters, Editors, Entertainers, Public Relations Specialists, Writers $36,000 2 .22 Mechanics and repairers $19,000 1 .11 Teachers: Secondary - other subjects $20,232 1 .11 Engineers: Sales $20,800 1 .11 OTHER health occupations $55,000 1 .11 Mathematicians $41,600 1 .11 OTHER engineering technologists and technicians $50,000 1 .11 Computer scientists, except system analysts $22,500 1 .11 Drafting occupations, including computer drafting $23,546 1 .11 Engineers: Electrical, electronic $24,000 1 .11 OTHER postsecondary $43,000 1 .11 Engineers: Aeronautical, aerospace, astronautical $24,900 1 .11 Teachers: Pre-Kindergarten and kindergarten
The information in the table below is based on data from people of all sexes and ages
whose most recent college degree was a masters degree in Finance.
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Avg 1993 Number of Pct of Salary Observations Majors Description of Occupation ----------------------------------------------------------------------------------------------------------------------------------------------------------------- $58,674 260 31.33 Accountants, auditors, and other financial specialists $77,287 218 26.27 Top and mid-level managers, executives, administrators (people who manage other managers) $80,136 69 8.31 Insurance, securities, real estate, and business services $60,699 44 5.30 OTHER management related occupations $58,934 29 3.49 Computer system analysts $56,853 20 2.41 OTHER marketing and sales occupations $63,192 17 2.05 Computer programmers (business, scientific, process control) $80,012 15 1.81 OTHER OCCUPATIONS (Not Listed) $58,447 11 1.33 Engineers: Electrical, electronic $37,201 11 1.33 Professors: Business Commerce and Marketing $46,332 9 1.08 Personnel, training, and labor relations specialists $44,167 9 1.08 Sales Occupations - Retail (e.g., furnishings, clothing, motor vehicles, cosmetics) $60,822 9 1.08 OTHER computer, information science Occupations $86,313 8 .96 Sales Occupations - Commodities Except Retail (e.g., industrial machinery/equipment/supplies, medical and dental equiptment/supplies) $54,173 8 .96 Computer engineer - software $48,629 7 .84 Information systems scientists or analysts $57,514 7 .84 OTHER service occupations, except health $62,213 6 .72 Engineers: Mechanical $77,897 5 .60 Other engineers $69,144 5 .60 Engineers: Chemical $56,242 5 .60 Engineers: Civil, including architectural and sanitary $68,600 5 .60 Economists $67,900 4 .48 Unknown $68,244 4 .48 Artists, Broadcasters, Editors, Entertainers, Public Relations Specialists, Writers $18,840 3 .36 Accounting clerks, bookkeepers $80,467 3 .36 Transportation/material moving occupations $55,933 3 .36 Engineers: Nuclear $55,500 2 .24 Chemists, except biochemists $28,663 2 .24 OTHER postsecondary $49,700 2 .24 Engineers: Industrial $47,500 2 .24 Construction trades, miners and well drillers $82,485 2 .24 Lawyers, Judges $29,250 2 .24 Professors: Economics $35,900 2 .24 Computer engineer - hardware $75,000 2 .24 Engineers: Environmental $60,500 2 .24 OTHER administrative (e.g., record clerks, telephone operators) $43,200 2 .24 Engineers: Materials or metallurgical $15,000 1 .12 Farmers, Foresters and Fishermen $56,000 1 .12 Engineers: Aeronautical, aerospace, astronautical $60,500 1 .12 Historians, science and technology $60,000 1 .12 Food Preparation and Service (e.g., cooks, waitresses, bartenders) $60,000 1 .12 Engineers: Bioengineering and biomedical $48,300 1 .12 Operations research analysts, modelling $47,216 1 .12 Computer scientists, except system analysts $46,800 1 .12 Engineers: Sales $44,000 1 .12 OTHER mathematical scientists $43,000 1 .12 OTHER health occupations $32,000 1 .12 Teachers: Secondary - social sciences $30,000 1 .12 Teachers: Secondary - computer, math or sciences $30,000 1 .12 Precision/production occupations (e.g., workers, woodworkers, butchers, bakers, printing occupations, tailors, shoemakers, photographic process) $27,600 1 .12 Architects Engineers (Also see 101-103) $22,298 1 .12 Registered nurses, pharmacists, dieticians, therapists, physician assistants $20,800 1 .12 Mechanics and repairers
The information in the table below is based on data from people of all sexes and ages
whose most recent college degree was a Ph.D. degree in Finance.
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Avg 1993 Number of Pct of Salary Observations Majors Description of Occupation ----------------------------------------------------------------------------------------------------------------------------------------------------------------- $68,386 15 46.88 Professors: Business Commerce and Marketing $62,400 5 15.63 Professors: Economics $79,997 3 9.38 Top and mid-level managers, executives, administrators (people who manage other managers) $140,000 3 9.38 Accountants, auditors, and other financial specialists $12,000 1 3.13 Insurance, securities, real estate, and business services $50,000 1 3.13 OTHER postsecondary $50,000 1 3.13 Precision/production occupations (e.g., workers, woodworkers, butchers, bakers, printing occupations, tailors, shoemakers, photographic process) $75,000 1 3.13 Operations research analysts, modelling $99,000 1 3.13 OTHER management related occupations $150,000 1 3.13 Economists
Avg 1993 Number of Pct of Salary Observations Majors Description of Field of Study ----------------------------------------------------------------------------------------------------------------------------------------------------------------- $61,625 90 36.89 Financial management $55,898 62 25.41 Business administration and management $58,043 19 7.79 Accounting $56,036 14 5.74 OTHER business management/administrative services $66,400 11 4.51 Business marketing/marketing management $50,456 9 3.69 Business, general $84,100 4 1.64 Marketing research $63,290 4 1.64 Computer science $57,425 3 1.23 Public administration $63,333 3 1.23 Computer/information sciences, general $45,988 2 .82 Education: OTHER education $38,100 2 .82 Education: Elementary teacher education $60,500 2 .82 Business/managerial economics $52,932 2 .82 Information services and systems $67,350 2 .82 Operations research $29,700 2 .82 Education: Counselor education/guidance services $66,000 1 .41 OTHER psychology $100,000 1 .41 Actuarial science $60,000 1 .41 Engineering: Electrical, electronics, communications $22,000 1 .41 Parks, Recreation, Leisure, and Fitness Studies $52,400 1 .41 Public policy studies $51,400 1 .41 Computer systems analysis $48,000 1 .41 Environmental science studies $47,256 1 .41 Engineering: Computer/systems $46,000 1 .41 Fine arts, all fields $35,000 1 .41 Health services administration $33,000 1 .41 History, other $30,000 1 .41 Psychology: Counseling $27,500 1 .41 Liberal Arts/General Studies
Avg 1993 Number of Pct of Salary Observations Majors Description of Field of Study ----------------------------------------------------------------------------------------------------------------------------------------------------------------- $55,941 3 50.00 Financial management $53,000 1 16.67 Business, general $150,000 1 16.67 Economics $150,000 1 16.67 Law/Prelaw/Legal Studies
Other advanced degrees include: JD, LLB, ThD, MD, and the DDS.
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Avg 1993 Number of Pct of Salary Observations Majors Description of Field of Study ----------------------------------------------------------------------------------------------------------------------------------------------------------------- $84,500 2 4.65 Financial management
Prepared by Prof. Kenneth S. Chapman: kenneth.chapman@csun.edu