Finance Degree

The finance program at Spring Arbor University prepares students for careers as a credit analyst, finance officer, financial advisor, financial analyst, financial planner, loan officer, or investment banker. The program focuses on planning, managing, and analyzing financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Program courses include: principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management. Get more details below including other Michigan colleges that offer finance degrees.

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Spring Arbor University (SAU)

19900 W Nine Mile Rd, Southfield, MI

Spring Arbor University is a nonprofit private institution located in Spring Arbor, MI and provides a large number of degree programs for students. The school maintains a Free Methodist affiliation, which is evident in the role it plays in program curriculums and daily life at the school. Approximately 4,200 students enroll at SAU annually.

Students can pick from many areas of study, including but not limited to:

• Business And Marketing Studies
• Psychology
• Family And Consumer Sciences
• Health And Clinical Professions

The admissions process will include the submission of an application, school records, and test scores, which are then reviewed by admissions officials. Students may provide either the ACT or SAT scores to be considered for admissions to Spring Arbor University. A score between 940 to 1170 on the SAT, or 20 to 26 for the ACT is common among admitted students. This school has an acceptance rate of about 74% of which only 19% chose to enroll. More information regarding admissions can be found here.

The cost of tuition is close to $24,000 for the year. Tuition prices may change for a variety of reasons, and therefore students should use the school's net price calculator to get a better idea of their cost of attendance. Housing is available for students, which costs around $3,900 annually. Spring Arbor University may provide financial aid for students that qualify as loans, grants, scholarships and work study programs.

Spring Arbor University has a variety of athletic programs overseen by the NAIA. Athletic programs available may include:

• Baseball (NAIA Division II)
• Basketball (NAIA Division II)
• Golf (NAIA Division II)

Students can visit the school's http://www.arbor.edu to view additional information.

Students Enrolled in the Finance Program

Get more details below regarding enrollment, academics, and school demographics. Spring Arbor University offers a bachelor's degree program in finance.

Students by Gender (2019)

Students by Race (2019)

Source: IPEDS Survey 2012-2020: Data obtained from the US Dept. of Education's Integrated Postsecondary Education Data System (IPEDS). Data may vary depending on school and academic year.

Career Options for Graduates

Chief Sustainability Officers

Description

Communicate and coordinate with management, shareholders, customers, and employees to address sustainability issues. Enact or oversee a corporate sustainability strategy.

General and Operations Managers

Description

Plan, direct, or coordinate the operations of public or private sector organizations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services.

Treasurers and Controllers

Description

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Career Outlook & Projections ()

According to the BLS, treasurers and controllers employment is expected to grow at a rate of 6.8% from 2014 to 2024

Salary & Wages

• Detroit-Dearborn-Livonia, MI Metropolitan Division
  • Total Employment: 2
  • Average Hourly Rate: $58.52
  • Average Annual Salary: $121730

Budget Analysts

Description

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

Career Outlook & Projections ()

According to the BLS, budget analysts employment is expected to grow at a rate of 2.5% from 2014 to 2024

Salary & Wages

• Detroit-Dearborn-Livonia, MI Metropolitan Division
  • Total Employment: 350
  • Average Hourly Rate: $41.71
  • Average Annual Salary: $86760

Credit Analysts

Description

Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.

Career Outlook & Projections ()

According to the BLS, credit analysts employment is expected to grow at a rate of 6.1% from 2014 to 2024

Salary & Wages

• Detroit-Dearborn-Livonia, MI Metropolitan Division
  • Total Employment: 120
  • Average Hourly Rate: $30.23
  • Average Annual Salary: $62870

Financial Analysts

Description

Conduct quantitative analyses of information affecting investment programs of public or private institutions.

Career Outlook & Projections ()

According to the BLS, financial analysts employment is expected to grow at a rate of 11.7% from 2014 to 2024

Salary & Wages

• Detroit-Dearborn-Livonia, MI Metropolitan Division
  • Total Employment: 1
  • Average Hourly Rate: $42.26
  • Average Annual Salary: $87900

Personal Financial Advisors

Description

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.

Career Outlook & Projections ()

According to the BLS, personal financial advisors employment is expected to grow at a rate of 29.6% from 2014 to 2024

Salary & Wages

• Detroit-Dearborn-Livonia, MI Metropolitan Division
  • Total Employment: 710
  • Average Hourly Rate: $48.79
  • Average Annual Salary: $101480

Loan Officers

Description

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Career Outlook & Projections ()

According to the BLS, loan officers employment is expected to grow at a rate of 8.1% from 2014 to 2024

Financial Quantitative Analysts

Description

Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.

Business Teachers, Postsecondary

Description

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).