New York City Schools with Finance Programs
There are a number schools in New York City offering degree programs in finance, such as the three summarized below. In addition to an overview of the programs, this resource is designed to provide aspiring finance students with some key institutional statistics and a description of two other school options.
- The Brooklyn campus of Long Island University, a Division I school, offers an undergraduate program in business finance. LIU is located 2.6 miles from downtown New York City and features a large, international student body.
- CUNY Bernard M. Baruch College, part of the City University of New York (CUNY) system, is one of the top colleges in the Northeast, according to The Princeton Review. The college's Zicklin School of Business, also located 2.6 miles from New York City's downtown, is the largest collegiate business school in the nation and offers bachelor's, master's and doctoral degree programs in finance.
- An Ivy League school, Columbia University offers finance-related program exclusively at the graduate level. The university is located eight miles from downtown New York City.
Comparison of Schools
Aspiring finance students can use the following table to compare the undergraduate acceptance rates at the three featured schools - note that only 7% of applicants were admitted to Columbia University in 2017. This table also includes information about undergraduate tuition and financial aid, as well as graduation and retention rates.
|Long Island University - Brooklyn Campus||CUNY Bernard M. Baruch College||Columbia University|
|School Type||4-year; private not-for-profit||4-year; public||4-year; private not-for-profit|
|Total Enrollment (2017)||6,982*||18,289*||30,454*|
|Campus Setting||Large city||Large city||Large city|
|Tuition & Fees (2017-2018)||$36,978 (undergraduate)*|| $7,062 in-state undergraduate students, $14,452 out-of-state undergraduate students;
$10,810 in-state graduate students, $19,680 out-of-state graduate students*
|$57,208 (undergraduate), $46,956 (graduate)*|
|% of First-Year Undergraduates Receiving Any Form of Aid (2016-2017)||94%*||77%*||59%*|
|Undergraduate Acceptance Rate (2017)||84%*||29%*||7%*|
|Undergraduate Retention Rate (2016-2017)||64% for full-time students, 33% for part-time students*||90% for full-time students, 75% for part-time students*||97% for full-time students, 91% for part-time students*|
|Undergraduate Graduation Rate (students who began Fall 2011)||35% (38% transfer-out rate)*||70% (14% transfer-out rate)*||95%*|
Source: *NCES College Navigator
Long Island University - Brooklyn Campus
The bachelor's program in finance is offered through the School of Business, Public Administration and Information Sciences at LIU in Brooklyn.
Bachelor of Science in Business Finance
The bachelor's program in finance at LIU requires 120 credits for completion. Core business requirements include classes in accounting, financial markets and business law. In the finance specialization, students take classes in financial statement analysis and strategies, along with advanced electives in business. General education courses are part of the curriculum as well.
CUNY Bernard M. Baruch College
The business and finance programs at Baruch College are offered through the Zicklin School of Business. Applicants to the Master of Business Administration (MBA) programs must have at least a bachelor's degree. They'll also need to submit their Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) scores, letters of recommendation, essays and a resume. Doctoral candidates need transcripts documenting their undergraduate and graduate coursework, as well as their GMAT scores.
Bachelor of Business Administration in Finance
This program is comprised of several components, including general education courses and a business core. After students complete 45 credits with a GPA of 2.25/4.0, they can apply to the business school. Once admitted, students take core business classes, including Finance 3000, which serves as the prerequisite for all finance coursework. Within the finance major, students take three required courses covering corporate finance, statistical analysis and investments, as well as five electives in an area such as economics or finance.
Master of Science in Finance
In this 30-credit program, students will take required courses in econometrics, investment analysis and corporate finance. Electives are offered in areas of financial markets, investments, financial institutions, banking and risk management. The program can be completed in two semesters plus a summer session.
Doctor of Philosophy (PhD) in Finance
Baruch College's PhD in Finance program prepares students for academic and/or research positions in a variety of settings. Over a 5-year period, doctoral candidates learn about corporate finance theory, econometrics and financial markets, and take electives in their areas of special interest. They also prepare research and dissertation proposals, take comprehensive exams and produce and defend their dissertation.
Columbia University offers MBA programs in either a traditional format or an executive format, which has more flexible scheduling. Finance specializations are offered through the Finance and Economics Division.
The first year of the MBA program at Columbia includes a broad range of foundational courses in management, such as corporate finance, financial accounting and managerial economics. Students can choose from a wide variety of specialized financial electives, such as value investing, impact investing and financial services.
Master of Science (M.S.) in Financial Economics
This 2-year program includes courses from Columbia's MBA and doctoral programs. The coursework overlaps significantly with the doctoral program, providing similar training without the required dissertation. Incoming students must have completed prerequisite coursework in topics such as probability and statistics, microeconomics and calculus. Required classes for the M.S. program include econometrics, finance theory, empirical asset pricing, accounting and debt markets.
PhD in Finance and Economics
The PhD in Finance and Economics is a full-time program that typically takes five years to complete. The first year of the program includes coursework in microeconomics, econometrics and macroeconomics. Students begin developing a thesis proposal during the second year.
During the remainder of the program, students fulfill the breadth requirements and take an examination that demonstrates proficiency in their field of study. After preparing and defending their dissertation proposals, doctoral candidates receive a Master of Philosophy. Students then continue on to produce and defend their dissertations.
Other School Options
Other educational options in New York City include The New School, which offers a master's program in global political economy and finance, and CUNY City College of New York, which offers a Bachelor of Arts in Economics program with the option to specialize in finance.