Brief Overview of Online Finance Associate Degree Programs
An Online Finance Associate Degree is a gateway to the world of finance, offering a foundational education that can lead to various career opportunities and further education. This type of program is designed for individuals who want to gain a strong understanding of financial principles without committing to a four-year degree program. Here's what you should know about these dynamic and versatile online programs:
Flexibility: One of the primary benefits of pursuing an associate degree in finance online is the flexibility it offers. These programs are typically structured to accommodate working professionals, allowing students to balance their studies with personal and professional commitments.
Duration and Course Load: Most online finance associate degree programs can be completed within two years if enrolled full-time. However, many institutions offer part-time enrollment options, which can extend the duration of the program according to the student's availability.
Curriculum: The curriculum generally covers a broad range of topics, including basic accounting, economics, business law, financial management, and investment principles. This comprehensive approach provides students with a solid foundation in finance that can be applied in various business settings.
Accessibility: With courses available online, students can access learning materials from anywhere with an internet connection. This makes it easier for individuals living in remote areas or those with mobility issues to pursue higher education.
Affordability: Online programs often come with lower overall costs than their on-campus counterparts. Without the need for commuting or on-campus housing, students can save significantly on expenses related to their education.
Student Support Services: Many online programs offer robust support services, including tutoring, career counseling, and technical assistance, ensuring that distance learners receive the same level of support as on-campus students.
Accreditation: It's crucial to choose an accredited online finance associate degree program. Accreditation ensures that the program meets certain educational standards and that credits earned are more likely to transfer to other institutions if you decide to pursue further education. You can verify accreditation status through websites like the U.S. Department of Education or the Council for Higher Education Accreditation (CHEA).
Program Outcomes: When evaluating programs, look at graduation rates, job placement statistics, and alumni satisfaction surveys. These outcomes can provide insight into the program's effectiveness and its reputation within the industry.
Program Reputation: The reputation of the program can be a significant factor in your decision-making process. Our proprietary algorithm ranks programs based on various factors that contribute to their reputation, including feedback from current students and alumni, faculty credentials, and relationships with employers in the finance sector.
Choosing the right online finance associate degree program requires careful consideration of these key factors. By focusing on affordability, program outcomes, accessibility, student support services, accreditation, flexibility, and program reputation, you can select a program that aligns with your educational goals and career aspirations.
Best Online Finance Associate Degree Programs in 2024
#1 in Best Online Finance Associate Degree Programs in 2024
Middle Georgia State University
Program Accredited By: Southern Association of Colleges and Schools Commission on Colleges
Online Program Information:
Cost per Credit:
$131
Contact: ecampus@mga.edu
Online Graduate Overall Median Earnings:
Not Provided
Why We Picked It:
The Financial Technology program highlights a fast-growing industry with high salary prospects and demand for new FinTech employees, aligning well with industry needs and providing comprehensive education and online flexibility.,2,Miami Dade College,By focusing on specific financial sectors and having a direct alignment with the ABA/CFT, this program offers clear career pathways and specializations, alongside strong support resources for students.,3,Anne Arundel Community College,Offers an extensive range of career paths in accounting with preparation for professional certifications, embodied by a teaching staff of practicing certified accountants and comprehensive transfer options.,4,Wilmington University,Combines flexibility, affordability, and a solid foundation in finance with practical and theoretical courses taught by experienced professionals, making it a strong choice for students aiming for entry-level positions or further studies.,5,Franklin University,Notably affordable and flexible with a guarantee to lock in tuition rates, this program is tailored for working adults looking to enter financial services and offers strong career advancement opportunities.,6,Northeast Iowa Community College,Provides strategic finance and banking knowledge with opportunities for professional qualification, and has a lower cost per credit making it more accessible for out-of-state students.,7,University of Cincinnati,This fully online program is flexible and supports career advancement with an affordable cost structure, offering a business management approach to financial management.,8,Central Carolina Community College,Its comprehensive coverage of accounting and finance subjects and versatile online and in-person class offerings make this an appealing option for students targeting careers in accounting.,9,North Hennepin Community College,With a comprehensive AAS in Finance Management, paid internships, and affordable tuition rates, NHCC offers practical experience and financial aid, making it a strong contender.,10,Roane State Community College,The AAS in Financial Services is designed with a practical job-oriented approach, which includes a comprehensive curriculum and advising support tailored for students entering the finance industry.,11,Wake Technical Community College,Offers a well-rounded program in accounting and finance, accommodating both on-campus and online students, with a focus on entry-level accounting positions and transfer options.,12,Davenport University,Despite a higher cost per credit, this program offers specialized finance courses and small class sizes taught by industry-experienced faculty, with a curriculum developed with input from finance industry leaders.,13,Stark State College,Offers flexible scheduling and a comprehensive curriculum in finance that prepares students for a variety of career paths in the financial sector with scholarships available for financial support.,14,Madison Area Technical College,Strengths in flexible class delivery, high employment rates for graduates, and career pathways opportunities, along with broad student services, make this a strong program.,15,Fayetteville Technical Community College,Provides a focused curriculum in financial services, designed to equip students with essential knowledge and skills for the financial services industry, including diverse career paths options.,16,Brunswick Community College,Provides a blend of core accounting, law, and finance courses with its associate degree program, supported by comprehensive student and community engagement services.,17,Volunteer State Community College,Offers a wide variety of programs and robust student support services, but the specificity of finance-related outcomes and direct career pathways are less defined compared to others.,18,Wayne Community College,This program stands out for its anticipated job growth in the finance profession and offers a variety of degrees, diplomas, and certificates alongside specific certifications catered to the accounting and finance sector.,19,Cleveland State Community College,Its AS in Finance is designed with a transfer emphasis, providing foundational financial and managerial accounting, macroeconomics, and microeconomics education, making it suited for students planning to continue their education.,20,Piedmont Community College,While offering a wide array of programs and strong student support, the program's focus on practical accounting and finance skills essential for employment in the sector is noted, with various delivery methods to accommodate student needs.,21,Hinds Community College,The program's focus on preparing students for the financial services sector with a comprehensive curriculum in banking and finance is notable, although the detailed financial outcomes and specific career support mechanisms are less emphasized.
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).
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.
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 Associate Degree?
An Online Finance Associate Degree can be a stepping stone to various entry-level positions in the finance industry. As you consider this educational path, it's important to understand the types of jobs that may be available to you once you complete your degree. Here are several career options that associate degree holders in finance can explore:
Bank Teller: A foundational role in the banking industry, bank tellers handle daily customer transactions, manage cash drawers, and provide basic account services. This position can serve as a great starting point for those looking to advance within the banking sector.
Accounts Receivable Clerk: In this role, you'll be responsible for tracking and recording incoming payments, updating financial records, and following up on outstanding invoices. It's a position that demands attention to detail and proficiency with accounting software.
Junior Financial Analyst: As a junior financial analyst, you'll assist senior analysts in collecting and analyzing financial data, creating reports, and helping organizations make informed business decisions.
Credit Analyst Assistant: Working under the supervision of experienced credit analysts, you'll help assess creditworthiness of potential borrowers by reviewing financial history and preparing documentation.
Personal Financial Advisor Assistant: In this supportive role, you'll aid financial advisors in managing client portfolios, scheduling appointments, and preparing financial documents.
Insurance Sales Agent: With an associate degree in finance, you can start as an insurance sales agent, selling various types of insurance policies and advising clients on coverage options.
Financial Clerk: Financial clerks are responsible for maintaining financial records, performing transactions, and assisting customers with billing inquiries or issues.
Loan Officer Assistant: Assisting loan officers with processing loan applications, you'll help collect personal and financial information from clients and ensure all documentation is complete for review.
Each of these roles offers valuable experience that can lead to more advanced opportunities within the finance field. Moreover, they provide a practical application of the skills learned during your associate degree program.
For more detailed information about job outlooks and career advancement, consider visiting authoritative sites such as the U.S. Bureau of Labor Statistics or professional finance associations for industry insights and guidance.
Frequently Asked Questions (FAQs) About Online Finance Associate Degree Programs
What is an Online Finance Associate Degree?
An Online Finance Associate Degree is a two-year undergraduate program that provides foundational knowledge in financial principles, accounting, economics, and investment practices. This program is delivered entirely online, offering students the flexibility to balance their studies with personal and professional commitments.
How do I choose the best Online Finance Associate Degree Program?
When selecting the best program for your needs, consider the following factors:
- Affordability: Compare tuition costs and financial aid options.
- Program Outcomes: Look at graduation rates and post-graduation employment statistics.
- Accessibility: Ensure the program offers services like online tutoring and tech support.
- Student Support Services: Check for academic advising, career services, and counseling.
- Accreditation: Verify that the program is accredited by a recognized accrediting agency.
- Flexibility: Consider the availability of asynchronous courses and part-time enrollment options.
- Program Reputation: Research student reviews and rankings.
Can I get financial aid for an Online Finance Associate Degree?
Yes, financial aid is available for eligible students. Options include:
- Federal grants and loans: Fill out the FAFSA to determine eligibility.
- Scholarships: Search for scholarships offered by schools, private companies, and non-profit organizations.
- Employer tuition assistance: Some employers offer tuition reimbursement programs.
What careers can I pursue with an Online Finance Associate Degree?
Graduates can explore various entry-level positions, such as:
- Bank teller
- Financial clerk
- Credit analyst assistant
- Junior accountant
- Insurance sales agent
Is an Online Finance Associate Degree respected by employers?
Yes, an associate degree from an accredited online program is respected by many employers. It demonstrates a commitment to your education and a solid foundation in finance principles.
How long does it take to complete an Online Finance Associate Degree?
Typically, it takes two years to complete an associate degree. However, some programs may offer accelerated tracks or part-time schedules that can extend or shorten this timeframe.
Are there opportunities for advancement after completing an Online Finance Associate Degree?
Certainly! Graduates can:
- Transfer credits to a bachelor's degree program in finance or a related field.
- Obtain professional certifications in finance.
- Gain work experience to move up within their current organization.
What skills will I learn in an Online Finance Associate Degree Program?
Key skills you'll acquire include:
- Financial analysis
- Understanding of economic theories
- Accounting practices
- Use of financial software
- Communication and problem-solving skills
Can I transfer credits from an Online Finance Associate Degree to a four-year university?
Yes, many four-year institutions accept transfer credits from accredited associate degree programs. It's important to check with the specific university regarding their transfer policies.
How do I know if an Online Finance Associate Degree Program is accredited?
Check the program's website or consult authoritative bodies such as the Council for Higher Education Accreditation (CHEA) or the U.S. Department of Education to verify accreditation status.
Remember, our proprietary algorithm ranks the best programs based on affordability, program outcomes, accessibility, student support services, accreditation, flexibility, and program reputation to help you make an informed decision.