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Finance and Financial Management Services at Wichita State University

Credential: Bachelor's | State: KS

Median Earnings (1yr post-grad): $49,302 | Annual Completions: 70

Wichita State Finance: Solid Earnings Potential with Strong Industry Demand

Program Analysis

The Bachelor's degree in Finance and Financial Management Services (CIP Code 5208) at Wichita State University (WSU) equips students with a robust understanding of financial principles, markets, and decision-making. This program delves into areas such as corporate finance, investments, financial planning, banking, and risk management. Students learn to analyze financial data, develop strategies for wealth creation and preservation, and navigate complex financial landscapes. WSU's program distinguishes itself through its strong ties to the local business community in Wichita, a hub for aviation and advanced manufacturing, offering students unique internship and networking opportunities. The curriculum often includes practical applications, case studies, and potentially specialized tracks allowing students to tailor their education to specific interests within finance.

Graduates of this program are well-positioned for a variety of rewarding career paths. Common job titles include Financial Analyst, Investment Banker, Portfolio Manager, Financial Planner, Credit Analyst, Risk Manager, and Banking Associate. These roles are in demand across numerous industries, including banking and financial services, insurance, manufacturing, technology, healthcare, and government. The Bureau of Labor Statistics (BLS) projects strong growth for many finance-related occupations. For instance, Financial Analysts are projected to grow 6% from 2022 to 2032, faster than the average for all occupations. Personal Financial Advisors are projected to grow 8%, also faster than average.

Salary expectations for Finance and Financial Management Services graduates are competitive. Entry-level positions typically start around $49,302 (WSU's 1-year post-graduation median). With experience, mid-career professionals can expect to earn between $70,000 and $100,000 annually, depending on specialization and employer. Senior-level roles, such as Chief Financial Officer (CFO) or senior portfolio manager, can command salaries well over $150,000, sometimes reaching $200,000 or more. These figures are generally in line with national averages for finance graduates, though location and specific industry can influence actual earnings.

The skills gained in this program are highly valued by employers. Core competencies include quantitative analysis, financial modeling, data interpretation, critical thinking, problem-solving, and strong communication skills. Graduates develop proficiency in financial software, understanding of economic principles, and the ability to assess risk and return. Soft skills such as teamwork, ethical judgment, and client relationship management are also emphasized, preparing students for collaborative and client-facing roles.

Industry trends significantly impact the demand for finance professionals. The increasing complexity of global financial markets, the rise of fintech, and the growing need for personalized financial advice are driving demand. Automation is changing some traditional roles, but it also creates new opportunities in areas like data analytics and cybersecurity within finance. Graduates with strong analytical skills and adaptability to new technologies will be highly sought after. The emphasis on financial planning and wealth management is also growing as populations age and financial literacy becomes more critical.

For students considering this program at Wichita State University, it's crucial to assess your aptitude for quantitative analysis and your interest in the financial world. Engage with the program's faculty and advisors early on to understand curriculum details and potential specializations. Actively seek out internships, especially within the vibrant Wichita business ecosystem, to gain practical experience and build a professional network. Consider pursuing relevant certifications (e.g., CFA, CFP) during or after your studies to enhance your marketability. Networking with alumni and attending industry events can provide invaluable insights and career opportunities. Finally, research the total cost of the degree against the projected earnings to ensure a positive return on investment.

ROI Verdict

The Finance and Financial Management Services program at Wichita State University offers a promising return on investment. With a median starting salary of $49,302, graduates can expect to recoup their educational expenses relatively quickly, especially when compared to the national average for finance degrees. The strong career outlook and potential for significant salary growth in mid- to senior-level roles further solidify its value.

Career Paths

Graduates of Finance and Financial Management Services at Wichita State University can pursue the following career paths:

  • Financial Analyst — Analyzes financial data, provides insights for investment decisions, and forecasts future financial performance for companies or individuals.. Median salary: $75,000, Strong growth outlook.
  • Investment Banker — Assists corporations and governments in raising capital through the issuance of stocks and bonds, and advises on mergers and acquisitions.. Median salary: $90,000, Strong growth outlook.
  • Personal Financial Advisor — Helps individuals and families plan their finances, manage investments, and achieve their long-term financial goals.. Median salary: $80,000, Strong growth outlook.
  • Credit Analyst — Evaluates the creditworthiness of individuals or businesses seeking loans or credit, assessing risk and determining loan terms.. Median salary: $65,000, Moderate growth outlook.
  • Portfolio Manager — Manages investment portfolios on behalf of clients, making decisions on asset allocation and security selection to meet investment objectives.. Median salary: $110,000, Strong growth outlook.

Skills Gained

Key skills developed in this program:

  • Financial Modeling and Analysis
  • Investment Valuation
  • Risk Management
  • Financial Planning and Forecasting
  • Data Interpretation and Reporting

Industry Outlook

The finance industry is experiencing significant transformation driven by technological advancements like fintech and AI, increasing regulatory scrutiny, and a growing demand for personalized financial advice. These trends create a dynamic job market where graduates with strong analytical, technological, and client-relationship skills are highly sought after. Opportunities are expanding in areas such as financial data analytics, cybersecurity, and sustainable finance, while traditional roles are evolving to incorporate more sophisticated tools and strategies.

Frequently Asked Questions about Finance and Financial Management Services at Wichita State University

Is Finance and Financial Management Services. at Wichita State University worth it?

The Finance and Financial Management Services program at Wichita State University presents a strong case for being a worthwhile investment. The median earnings one year post-graduation are reported at $49,302. While the exact cost of the degree varies, public university tuition in Kansas is generally more affordable than national averages. Considering the projected job growth in finance and the potential for mid-career salaries to significantly exceed $70,000-$100,000, graduates are likely to see a substantial return on their educational investment. The program's focus on practical skills and its location within a business-centric city like Wichita provide valuable networking and internship opportunities that further enhance career prospects and earning potential, making it a financially sound choice for aspiring finance professionals.

What jobs can I get with a Finance and Financial Management Services. degree?

A degree in Finance and Financial Management Services from Wichita State University opens doors to a wide array of finance-focused careers. Graduates are well-prepared for roles such as Financial Analyst, where they assess financial performance and provide strategic recommendations, often earning a median salary around $75,000. Other common paths include Investment Banker, assisting with capital raising and M&A activities, with potential earnings exceeding $90,000. You could also pursue careers as a Personal Financial Advisor ($80,000 median), helping clients manage their wealth, or as a Credit Analyst ($65,000 median), evaluating loan risks. Portfolio Managers, overseeing investment strategies and aiming for high returns, can earn upwards of $110,000. These roles are prevalent across diverse industries including banking, insurance, manufacturing, and technology.

How much do Finance and Financial Management Services. graduates earn?

Graduates from Finance and Financial Management Services programs typically see competitive earnings that grow significantly with experience. At Wichita State University, the median earnings one year post-graduation are $49,302. Entry-level positions often fall within the $45,000 to $60,000 range, depending on the specific role and location. As graduates gain experience and specialize, mid-career salaries commonly range from $70,000 to $100,000 annually. For those who advance into senior leadership positions, such as Chief Financial Officer (CFO), Vice President of Finance, or senior portfolio manager, earnings can exceed $150,000 and potentially reach $200,000 or more. These figures align with national trends, indicating a strong earning potential for finance professionals.

What skills will I learn in Finance and Financial Management Services.?

The Finance and Financial Management Services program at Wichita State University is designed to cultivate a comprehensive skill set essential for success in the financial industry. You will develop strong quantitative and analytical abilities, including financial modeling, data analysis, and forecasting, enabling you to interpret complex financial information and make informed decisions. Proficiency in investment valuation, risk assessment, and management techniques will be honed, preparing you to navigate market volatility and protect assets. The curriculum also emphasizes financial planning and strategy, equipping you to guide individuals and organizations toward their financial objectives. Furthermore, you'll gain crucial soft skills such as critical thinking, problem-solving, effective communication for presenting financial insights, and ethical decision-making, all of which are highly valued by employers in today's dynamic financial landscape.

Is there demand for Finance and Financial Management Services. graduates?

Yes, there is consistently strong demand for graduates with a Finance and Financial Management Services degree. The Bureau of Labor Statistics (BLS) projects robust growth for many finance-related occupations, with roles like Financial Analysts and Personal Financial Advisors expected to grow faster than the average for all occupations. This demand is fueled by the increasing complexity of financial markets, the need for expert financial advice in an aging population, and the continuous growth of businesses requiring financial management. While automation may reshape some tasks, it also creates new opportunities in areas like financial data analytics and fintech. Graduates equipped with strong analytical skills, adaptability, and a solid understanding of financial principles are well-positioned to meet this ongoing industry need.

How does Wichita State University's Finance and Financial Management Services. program compare to others?

Wichita State University's Finance and Financial Management Services program offers a solid foundation comparable to many other institutions, with a notable advantage in its regional focus. Nationally, finance programs aim to provide core competencies in financial analysis, investments, and corporate finance. WSU's median starting salary of $49,302 is competitive, though it may be slightly below the national average for top-tier finance programs which can exceed $60,000-$70,000. However, WSU's strength lies in its connection to Wichita's specific economic landscape, particularly aviation and manufacturing, offering unique internship and career opportunities that might not be as readily available elsewhere. The annual completion rate of 70 suggests a program of moderate size, potentially allowing for more personalized attention than very large programs, while still indicating sufficient student interest and success.

What are the admission requirements for Finance and Financial Management Services. at Wichita State University?

Admission requirements for the Finance and Financial Management Services program at Wichita State University typically align with general university admission standards, often with specific prerequisites for upper-division finance courses. Prospective students usually need a high school diploma or GED, with a strong emphasis on mathematics (Algebra I & II, Geometry) and English coursework. Standardized test scores (SAT/ACT) may be required, though many universities are adopting test-optional policies. Once admitted to the university, students typically declare finance as their major and must meet certain GPA requirements and complete foundational business courses (like introductory accounting, economics, and business statistics) before officially entering the finance specialization, usually in their sophomore or junior year. It's advisable for students to consult the official WSU College of Business Administration admissions page for the most current and detailed requirements, including any specific GPA thresholds or prerequisite course lists.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.