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.
What are the Pros and Cons of obtaining an Online Finance Master's Degree vs On Campus?
Pros of an Online Finance Master's Degree
Flexibility and Convenience: One of the most significant advantages of pursuing an online finance master's degree is the flexibility it offers. You can attend lectures, complete assignments, and take exams on your own schedule, which is particularly beneficial if you're working full-time or have other commitments.
Cost-Effectiveness: Generally, online programs are more cost-effective than their on-campus counterparts. This is due to lower tuition fees and the elimination of commuting costs, campus facility fees, and sometimes even textbook fees, as many resources are available digitally.
Broader Access to Top Programs: Geographic location is no longer a barrier when you opt for an online degree. This means you can enroll in top finance programs across the country or even internationally without having to relocate.
Technical Skills Development: Engaging in an online learning platform requires a certain level of technical proficiency. Throughout your course, you'll enhance your digital communication and online collaboration skills, which are highly valued in today's job market.
Cons of an Online Finance Master's Degree
Limited Networking Opportunities: While some online programs offer virtual networking events, they may not replicate the depth of connections made in an on-campus setting. Face-to-face interactions with peers and professors can often lead to more significant relationships and opportunities.
Self-Discipline Required: Success in an online finance master's program demands a high level of self-discipline and motivation. Without the structure of a physical classroom environment, some students may find it challenging to keep up with the coursework.
Perception Issues: Although the gap is closing, some employers may still perceive online degrees as less reputable than traditional on-campus degrees. It's essential to choose programs that are accredited and recognized in the industry to mitigate this concern.
Limited Hands-On Experience: Certain aspects of finance, like networking events, internships, and other hands-on experiences, might be harder to come by through an online program. These experiences are crucial for applying theoretical knowledge in real-world scenarios.
Pros of an On Campus Finance Master's Degree
Networking and Community Building: On-campus programs provide ample opportunities to build networks with peers, professors, and visiting professionals. These connections can be invaluable for your career growth and job search after graduation.
Structured Environment: The structured schedule of an on-campus program can benefit students who thrive under direct supervision and a routine. It also fosters a learning environment that encourages immediate feedback and clarification on complex topics.
Access to Campus Resources: Being on campus allows you direct access to resources such as libraries, financial labs, career services, and extracurricular activities that can enhance your learning experience and professional development.
Hands-On Learning Opportunities: Many on-campus finance programs offer internships, real-world projects, and other experiential learning opportunities. These experiences are critical for understanding how financial theories apply in real-world situations.
Cons of an On Campus Finance Master's Degree
Higher Costs: Beyond tuition, on-campus programs often come with additional costs for housing, commuting, meal plans, and campus facilities. These extra expenses can significantly increase the overall cost of obtaining your degree.
Less Flexibility: Traditional on-campus programs follow a set schedule that may not accommodate everyone's personal or professional commitments. This can be a significant drawback for students who are working or have family responsibilities.
Geographic Limitations: Your choice of institutions is limited to those you can realistically commute to or relocate for. This may mean compromising on the quality of the program if top schools are not within reach.
By weighing these pros and cons carefully, you'll be better equipped to choose the path that aligns with your career goals, lifestyle, and personal preferences. Remember, whether online or on-campus, a master's degree in finance is a significant investment in your future that requires careful consideration.
#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.
Online Finance Master's Degree FAQs
How long does it typically take to complete an online Finance Master's degree?
Completing an online Finance Master's degree usually takes between one to two years. The exact duration depends on:
- Whether you're studying full-time or part-time
- The specific requirements of the program
- Your prior educational background
Can I work while pursuing this degree?
Absolutely, one of the major advantages of an online Finance Master's degree is its flexibility, allowing you to:
- Schedule your study around work commitments
- Access course materials 24/7
- Interact with instructors and peers digitally
What are the typical admission requirements?
Admission requirements can vary, but most programs will ask for:
- A bachelor's degree from an accredited institution
- Official transcripts
- GMAT or GRE scores (though some programs waive this requirement)
- Letters of recommendation
- A statement of purpose or personal essay
Are there financial aid options available for online students?
Yes, financial aid is often available for online students, including:
- Federal financial aid
- Scholarships specific to the program or school
- Employer tuition reimbursement programs
It's recommended to check with the financial aid office of the institution offering the program for more details.
How do online courses work?
Online courses in a Finance Master's program typically include:
- Recorded lectures and live webinars
- Interactive forums for discussion with peers and instructors
- Assignments and projects that can be submitted electronically
- Exams administered online or at approved proctoring locations
Will my diploma indicate that I earned my degree online?
In most cases, your diploma will not differentiate between an online and an on-campus degree. You will receive a Master's degree in Finance, similar to traditional campus-based graduates.
What kind of career advancement can I expect with this degree?
An online Finance Master's degree can open doors to advanced positions such as:
- Financial Analyst
- Investment Banker
- Chief Financial Officer (CFO)
- Portfolio Manager
- Financial Planner
Additionally, it can significantly enhance your earning potential and provide you with a competitive edge in the job market.
Remember, choosing the right program that fits your career goals and lifestyle is crucial. Ensure the program is accredited and check its reputation among finance professionals to make the most out of your investment.
#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.
Online Finance Master's Degree Resources
Professional Associations
Enhance your network and stay updated with the latest trends in the finance sector by joining these professional associations:
- Ideal for those interested in investment management, the CFA Institute offers resources, educational programs, and a globally recognized designation.
Financial Management Association International (FMA)
- FMA serves to broaden the common interests between academicians and practitioners, providing opportunities to professional development.
Association for Financial Professionals (AFP)
- Focused on treasury and finance, AFP is great for accessing certification programs, networking opportunities, and cutting-edge research.
Industry Publications
Keeping up with industry publications is crucial for anyone pursuing or holding a Master's in Finance. Here are some top picks:
- A leading publication in finance and economics, providing deep insights into market trends and financial news.
- Known for its global finance news, the Financial Times is a must-read for those looking to understand international markets.
- Offers comprehensive coverage on the global financial landscape, including in-depth analysis and company profiles.
Other Resources
For additional support and learning materials, consider exploring these resources:
- A rich resource for learning financial concepts, market analysis, and personal finance tips.
- Provides access to online courses from top universities around the world, including specialized finance topics.
- Your go-to platform for career advice, resume tips, and job search strategies tailored to finance professionals.
By leveraging these associations, publications, and resources, you'll be well-equipped to navigate your career path in finance. Whether you're seeking to deepen your knowledge base, expand your professional network, or stay abreast of industry trends, these resources offer valuable support as you pursue your Online Finance Master's Degree.
Is an Online Finance Master's Degree Worth It?
Deciding to pursue an Online Finance Master's Degree is a significant investment of both time and resources. You might be wondering if this endeavor is truly worth it. Let's break down the value of obtaining this degree, focusing on career advancement, salary potential, flexibility, and skill development.
Career Advancement
- Higher-level Opportunities: Graduates often find doors open to senior financial analyst, financial manager, and chief financial officer positions.
- Competitive Edge: A master's degree can distinguish you from candidates with only a bachelor's degree during job applications.
Salary Potential
- Increased Earnings: According to the Bureau of Labor Statistics, professionals with a master's degree generally earn higher salaries than those with less education.
- Return on Investment: While the initial cost may be substantial, the potential for increased earnings over your career can outweigh these expenses.
Flexibility
- Study from Anywhere: An online program allows you to balance your studies with personal and professional responsibilities.
- Self-paced Learning: Many programs offer flexible schedules, enabling you to progress at a pace that suits your lifestyle.
Skill Development
- Advanced Financial Skills: Courses cover advanced topics in finance, equipping you with the skills needed to tackle complex financial challenges.
- Leadership and Management: Many programs include courses on leadership, preparing you for managerial roles within finance.
Networking Opportunities
- Professional Connections: Online programs often include virtual networking events, connecting you with professionals across the globe.
- Alumni Networks: Graduating from a program gives you access to an alumni network, aiding in job searches and professional development.
In summary, an Online Finance Master's Degree offers a pathway to higher salary potential, career advancement, and the development of specialized skills. The flexibility of online learning accommodates working professionals and those with personal commitments. If you're looking to elevate your career in finance, this degree could be a valuable investment.