Brief Overview of Online Finance Master's Degree Programs
Embarking on a Master's in Finance degree online can be a strategic move for professionals aiming to advance their careers in the financial sector. These programs are designed to furnish students with advanced knowledge and skills that are crucial in the high-stakes world of finance. Let's delve into what these programs typically offer and why they might be the right fit for your career aspirations.
Advanced Financial Concepts and Practices: Online finance master's programs cover a broad spectrum of topics including corporate finance, investment analysis, portfolio management, and financial modeling. This curriculum is crafted to deepen your understanding of complex financial concepts and enhance your strategic decision-making abilities.
Flexible Learning Environment: With an online format, you have the flexibility to balance your studies with personal and professional commitments. Many programs offer asynchronous coursework, allowing you to complete assignments at your own pace, while some may also provide live, interactive sessions for real-time learning experiences.
Diverse Career Opportunities: Graduates of online finance master's programs often pursue high-level positions such as financial analysts, investment bankers, financial advisors, and chief financial officers. The skills acquired through these programs are applicable across various industries, from banking and insurance to government and non-profit organizations.
Accreditation and Quality Assurance: Accreditation is a critical factor when selecting an online finance master's program. Look for programs accredited by recognized bodies such as the Association to Advance Collegiate Schools of Business (AACSB) to ensure you receive a quality education that meets industry standards.
Student Support Services: Top-ranked online programs often provide robust support services including career counseling, academic advising, and networking opportunities. These resources can be instrumental in helping you navigate through your program successfully and prepare for your future career.
Program Outcomes: Our proprietary algorithm considers program outcomes such as graduation rates, job placement statistics, and alumni success stories. These outcomes provide insight into the real-world effectiveness of the program and its ability to help students achieve their career goals.
Affordability: While investing in your education is important, it shouldn't break the bank. We take into account tuition costs, available financial aid options, and potential return on investment when ranking programs. Affordable programs that do not compromise on quality are highly valued.
Accessibility: Programs that cater to a diverse student body and provide accessible learning tools and resources score high on our list. Accessibility ensures that a wider range of students, including those with disabilities or those living in remote areas, can benefit from the program.
Flexibility: The ability to tailor your coursework to fit your specific career goals is a significant advantage. Programs that offer elective courses, specializations, or the opportunity to pursue dual degrees are particularly appealing for their customizability.
Reputation: A program's reputation can significantly impact your career prospects. We consider factors such as faculty expertise, industry connections, and the institution's standing in the academic community when evaluating programs.
By choosing one of the best online finance master's degree programs ranked by our algorithm, you're not just enrolling in a course of study—you're investing in a future that promises growth, opportunity, and financial expertise that can set you apart in the competitive landscape of finance. Whether you're looking to climb the corporate ladder or branch out as an entrepreneur, these programs offer the tools and credentials you need to succeed.
Best Online Finance Master's Degree Programs in 2024
#1 in Best Online Finance Master's Degree Programs in 2024
Southern New Hampshire University
Program Accredited By: Accreditation Council for Business Schools and Programs
Online Program Information:
Cost per Credit:
$548
Contact: mba@snhu.edu
Online Graduate Overall Median Earnings:
$85,729
Why We Picked It:
SNHU boasts one of the most accessible and affordable online MBA programs with special emphasis on finance, offering significant flexibility and a comprehensive support system for students. The program doesn't require GRE or GMAT for admission, making it highly accessible, and it's accredited by NECHE and ACBSP, ensuring quality education. The tuition is competitively priced, complemented by a range of concentrations catering to diverse career goals.
#2 in Best Online Finance Master's Degree Programs in 2024
Touro University Worldwide
Program Accredited By: WASC Senior College and University Commission
Online Program Information:
Cost per Credit:
$500
Contact: online@tuw.edu
Online Graduate Overall Median Earnings:
Not Provided
Why We Picked It:
TUW stands out with its affordability and a strong focus on making a quality education in finance accessible to more students, including offering a $3,600 Future Leaders Scholarship. The program's accreditation by WSCUC and candidacy by the ACBSP underline its commitment to academic excellence, while the no GMAT or GRE requirement and multiple start dates throughout the year enhance accessibility.
#3 in Best Online Finance Master's Degree Programs in 2024
University of Nebraska-Lincoln
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$650
Contact: comments@nebraska.edu
Online Graduate Overall Median Earnings:
$114,688
Why We Picked It:
The University of Nebraska–Lincoln offers a comprehensive online MBA with a finance specialization at a competitive price for both in-state and out-of-state students. Accredited by AACSB, this program combines flexible online learning with a robust curriculum aimed at career development in financial management, backed by financial aid and scholarship opportunities.
#4 in Best Online Finance Master's Degree Programs in 2024
University of Delaware
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$950
Contact: online@udel.edu
Online Graduate Overall Median Earnings:
$97,913
Why We Picked It:
The Online MBA in Finance from University of Delaware is notable for its swift completion time of 16 months and no GMAT requirement, enhancing accessibility. The program's AACSB accreditation and a curriculum focused on key finance concepts prepare students well for the finance industry, supported by a competitive cost per credit and flexible online coursework.
#5 in Best Online Finance Master's Degree Programs in 2024
Temple University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$1,250
Contact: foxinfo@temple.edu
Online Graduate Overall Median Earnings:
$121,267
Why We Picked It:
Temple University offers a comprehensive MBA program with flexible options, including an online path, making it a versatile choice for students with differing needs. AACSB accreditation, competitive tuition rates, and a wealth of financial support opportunities, alongside a strong emphasis on management principles relevant to finance, contribute to its ranking.
Top Career Paths by Salary for Finance in 2024
Career | Annual Median Salary | Hourly Median Salary |
---|---|---|
Cash Manager | $139,790 | $67.21 |
Chief Financial Officer (CFO) | $139,790 | $67.21 |
Finance Manager | $139,790 | $67.21 |
Asset Manager | $128,620 | $61.84 |
Finance Project Manager | $128,620 | $61.84 |
Hedge Fund Manager | $128,620 | $61.84 |
Private Equity Analyst | $128,620 | $61.84 |
Venture Capitalist | $128,620 | $61.84 |
Fiscal Policy Analyst | $113,940 | $54.78 |
Management Consultant | $104,830 | $50.4 |
Quantitative Analyst | $103,500 | $49.76 |
Financial Consultant | $95,390 | $45.86 |
Data sourced From O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).
#6 in Best Online Finance Master's Degree Programs in 2024
Lehigh University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$1,295
Contact: business@lehigh.edu
Online Graduate Overall Median Earnings:
$129,685
Why We Picked It:
Lehigh's online FLEX MBA with a finance concentration offers a part-time structure that accommodates working professionals, providing in-depth finance knowledge and online and on-campus modality options. The high median earnings of graduates underscore the program's potential ROI, despite its higher cost per credit.
#7 in Best Online Finance Master's Degree Programs in 2024
Florida Atlantic University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$800
Contact: graduatecollege@fau.edu
Online Graduate Overall Median Earnings:
$83,739
Why We Picked It:
FAU offers a competitive edge in the finance industry through its OMBA program, with specialized courses in finance. The program promises accessibility and a future-proof curriculum reflective of labor market trends. Despite a higher total cost, the quality of education and prospective career growth in financial management positions make it an attractive option.
#8 in Best Online Finance Master's Degree Programs in 2024
Indiana University-Bloomington
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$1,521
Contact: admissions@indiana.edu
Online Graduate Overall Median Earnings:
Not Provided
Why We Picked It:
Indiana University-Bloomington's online MBA program emphasizes leadership and experiential learning. Offering personal customization over 50% of the program allows students to concentrate deeply in finance, among other disciplines. The program's accolade for career advancement, including salary increase and promotions by graduation, signal strong ROI, balanced against its higher cost per credit.
#9 in Best Online Finance Master's Degree Programs in 2024
Syracuse University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$1,872
Contact: admissions@onlinebusiness.syr.edu
Online Graduate Overall Median Earnings:
$103,505
Why We Picked It:
Syracuse University's online MBA with a finance specialization stands out with its blend of practical and theoretical learning, supported by in-person residencies. Despite its higher cost per credit, the program's strong career preparation and faculty expertise offer a valuable return on investment for students aiming for leadership roles in finance.
#10 in Best Online Finance Master's Degree Programs in 2024
Bethel University
Program Accredited By: Accreditation Council for Business Schools and Programs
Online Program Information:
Cost per Credit:
$650
Contact: admissions@bethel.edu
Online Graduate Overall Median Earnings:
Not Provided
Why We Picked It:
Bethel University offers a unique blend of qualitative and quantitative finance education with various modes of delivery. Its emphasis on ethical decision-making and real-time financial decision-making simulations prepare students comprehensively for the finance sector. The program's structure allows for completion in as few as 24 months, providing flexibility for working professionals.
Typical Tasks for Careers in Finance
Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
Advise clients on aspects of capitalization, such as amounts, sources, or timing.
Advise licensees or other individuals or groups concerning licensing, permit, or passport regulations.
Agree on buying or selling prices at optimal levels for clients.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
#11 in Best Online Finance Master's Degree Programs in 2024
Babson College
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$1,990
Contact: gradadmissions@babson.edu
Online Graduate Overall Median Earnings:
$138,836
Why We Picked It:
Babson's MBA in Finance, with its high cost per credit, is justified by the program’s focus on investment and corporate finance, offering students hands-on experience managing part of the college’s endowment. The program preps students for high-level finance and investment careers through specialized tracks and a broad network of industry connections.
#12 in Best Online Finance Master's Degree Programs in 2024
Northeastern University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$900
Contact: gsba@northeastern.edu
Online Graduate Overall Median Earnings:
$79,996
Why We Picked It:
Despite Northeastern University's high potential return on investment, indicated by competitive median earnings, the temporary pause in enrollment for its Online MS in Finance/MBA program for curriculum improvement impacts its immediate accessibility. However, its experiential learning focus and dual degree option once enrollment resumes may offer strong value for future students.
Technologies and Skills Used for Careers in Finance
Accounting software
Analytical or scientific software
- IBM SPSS Statistics
- SAS
Basic Skills
- Listening to others, not interrupting, and asking good questions
- Reading work related information
What Jobs Can You Get With an Online Finance Master's Degree?
Earning an online Master's in Finance opens doors to a variety of prestigious and lucrative career paths. Whether you're interested in the corporate world, public sector, or entrepreneurial ventures, this degree equips you with the expertise to take on complex financial challenges. Here's a glimpse into the kinds of roles that graduates with an online finance master's degree can secure:
Financial Analysts: These professionals help businesses make informed investment decisions by analyzing financial data, market trends, and economic conditions. They often provide recommendations on stocks, bonds, and other investments.
Investment Bankers: With an advanced finance degree, you can enter the high-stakes world of investment banking, where you'll facilitate mergers, acquisitions, and the issuance of securities.
Corporate Finance Managers: Overseeing a company's financial activities, corporate finance managers are responsible for budgeting, forecasting, and strategizing to enhance profitability.
Risk Managers: As a risk manager, you'll identify potential risks to the assets, earning capacity, or success of organizations in industrial, commercial, or public sectors.
Portfolio Managers: This role involves managing investment portfolios for individuals or institutional investors, making decisions about asset allocation and investment strategies.
Chief Financial Officers (CFOs): With enough experience, finance master's graduates can ascend to executive positions like CFO, overseeing all financial aspects of a company.
Financial Consultants/Advisors: Offering tailored advice on financial planning, these professionals help individuals manage their finances and plan for their future.
Quantitative Analysts: Often referred to as "quants," these individuals apply mathematical and statistical methods to financial and risk management problems.
Regulatory Compliance Officers: In this role, you ensure that companies comply with all applicable laws and regulations regarding financial and operational practices.
Treasury Analysts: They manage an organization's funds to ensure there is enough liquidity for its operations while also planning for long-term investment strategies.
Graduates with a finance master's degree also have the potential to explore opportunities in areas like real estate finance, private equity, sales and trading, or financial technology (fintech).
If you're eager to learn more about the specifics of these roles including job outlook and salary expectations, reputable resources such as the U.S. Bureau of Labor Statistics offer extensive information. This can help you understand the landscape of finance careers and how an online Master's degree can be a significant advantage in your professional growth. Remember to always look for accredited programs as they are recognized for meeting industry standards in education which can greatly impact your employability.
Frequently Asked Questions (FAQs) About Online Finance Master's Degree Programs
What are the prerequisites for enrolling in an online Master's in Finance program?
- Bachelor's degree from an accredited institution, often with a minimum GPA requirement
- GMAT or GRE scores may be required, though some programs offer waivers based on work experience or academic background
- Foundational knowledge in finance, accounting, and economics; some programs may offer prerequisite courses for non-finance majors
How long does it typically take to complete an online Master's in Finance?
- Full-time students can often complete the program in 1 to 2 years
- Part-time students may take 2 to 4 years, depending on the program's flexibility and course load
Is an online Master's in Finance program as reputable as an on-campus program?
- Many online programs are offered by accredited institutions and have the same curriculum and faculty as their on-campus counterparts
- Employers increasingly recognize the validity of online degrees, especially when they come from well-respected schools
- Ensure the program is accredited by a recognized body such as the Association to Advance Collegiate Schools of Business (AACSB)
Can I specialize my online Master's in Finance degree?
- Yes, many online programs offer specializations such as Corporate Finance, Investment Banking, Financial Planning, or Risk Management
- Specializations allow students to tailor their education to their career goals and interests
What kind of support services are available to online Master's in Finance students?
- Virtual tutoring and mentoring
- Career services including resume reviews, interview preparation, and job placement assistance
- Access to online libraries, databases, and other resources
- Technical support for online learning platforms
Are there opportunities for networking in an online Master's in Finance program?
- Yes, programs often include virtual networking events with alumni and industry professionals
- Some programs offer in-person residencies or meet-ups that facilitate networking
- Online discussion forums and group projects provide additional networking opportunities with peers
What financial aid options are available for online Master's in Finance students?
- Federal student loans and grants (fill out the Free Application for Federal Student Aid (FAFSA))
- Scholarships specific to finance or business students
- Employer tuition reimbursement programs for employees furthering their education
How do I choose the best online Master's in Finance program for me?
- Consider factors such as affordability, flexibility, accreditation, faculty expertise, and program reputation
- Research program outcomes such as graduate employment rates and salary statistics
- Look into student support services offered by the institution
- Review our website's proprietary algorithm rankings for guidance on top programs
Will I need to visit campus during my online Master's in Finance program?
- Most programs are fully online with no campus visits required
- Some may have optional or mandatory residencies or workshops that require travel
- Check the specific requirements of each program before enrolling
By answering these common questions, prospective students can make informed decisions about pursuing an online Master's in Finance degree. Always verify the latest information directly with the program or institution for the most up-to-date details.