If you want a successful career in finance, the University of Utah is a great college to attend, according to a new study reported in the Wall Street Journal.
The study ranked the University of Utah No. 11 among public college for the salaries that students earn in finance after graduating. The study was prepared by the Burning Glass Institute, a non-profit focused on employment trends, by reviewing pay data from Lightcast and Glassdoor.
One reason for the University of Utah’s high ranking is how the Department of Finance at the David Eccles School of Business is adding new academic opportunities to keep up with trends in job market. A recent example of this is the addition of new fintech academic opportunities, including a major with the fintech emphasis and a fintech minor. The Eccles School added the fintech opportunities through an interdisciplinary partnership with the John and Marcia Price College of Engineering.
“We knew we were doing a good job preparing our students for great careers, and this study validates our efforts,” said Mike Cooper, the chair of the Department of Finance at the Eccles School. “We are supporting them with an exceptional group of faculty and researchers, a broad variety of options to study entrepreneurship, and a strong local economy with lots of room for our graduates.”
The Wall Street Journal featured the rankings in an article titled “Top Colleges for High-Paying Jobs in Finance.”
According to the study, the average yearly salary of graduates from the University of Utah is $107,047. 4.22% of all graduates at the University of Utah work in finance. And graduates from that school who work in finance receive an annual salary premium of $10,296 compared to its peers.
The Wall Street Journal described the report methods: “For each college, an annual salary premium was calculated using the difference between the earnings of the school’s graduates in their first 10 years after graduation and the median graduate in the field. To filter for graduates working in finance, the Burning Glass Institute analyzed only the roles relevant to the profession.”
Read more on the Wall Street Journal website here (paywall).