Best Online Master's in Finance 2023
An online Master’s in Finance is a dynamic and flexible academic program designed to equip individuals with a deep understanding of the complex world of finance, all while providing the convenience of remote learning.Â
This advanced degree delves into various aspects of finance, such as investment analysis, risk management, financial markets, and corporate finance, preparing students for key roles in the financial industry.Â
Is Masters in Finance worth it?
A Master’s in Finance not only broadens your knowledge but also enhances your marketability, making you a more attractive candidate for high-paying positions.Â
While the salary increase varies by job role, location, and prior experience, statistics consistently show that professionals with advanced finance degrees tend to earn substantially more than those with only a bachelor’s degree.Â
So, for those looking to harness the opportunities for career advancement and a higher earning potential within the financial sector, an online Master’s in Finance can be a well-justified and financially rewarding investment.
University of North Carolina at Chapel Hill
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Average Undergrad Tuition
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In-state: $7,019
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Out-of-state: $34,198
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Average Graduate Tuition
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In-state: $10,552
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Out-of-state: $28,278
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Acceptance Rate: 25%
Johns Hopkins University
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Average Undergrad Tuition
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In-state: $54,160
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Out-of-state: $54,160
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Average Graduate Tuition
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In-state: $57,010
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Out-of-state: $57,010
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Acceptance Rate: 11%
Liberty University
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Average Undergrad Tuition
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In-state: $14,791
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Out-of-state: $14,791
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Average Graduate Tuition
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In-state: $7,935
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Out-of-state: $7,935
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Acceptance Rate: 50%
What can I do with a Master's in Finance?
Financial Analyst: Financial analysts assess investment opportunities, economic trends, and financial data to provide guidance to businesses and individuals. Salaries typically range from $60,000 to $100,000 per year.
Financial Manager: Financial managers oversee a company’s financial health, including budgeting, financial planning, and risk management. Median salaries often exceed $120,000 annually.
Investment Banker: Investment bankers facilitate financial transactions, mergers, and acquisitions for corporations and government entities. Salaries can be substantial, often exceeding $100,000 and potentially reaching into the six-figure range or more with bonuses.
Risk Manager: Risk managers evaluate and mitigate financial risks within an organization. Salaries can range from $80,000 to $150,000 or more, depending on the industry and the level of experience.
Portfolio Manager: Portfolio managers oversee investment portfolios for individuals or organizations. Compensation varies widely but can be quite lucrative, with potential earnings well into the six figures.
Financial Planner/Advisor: Financial planners offer investment and financial advice to individuals and families. Earnings can range from around $60,000 to $150,000 or more, depending on the client base and expertise.
Corporate Finance: In roles such as financial controller or treasurer, professionals manage a company’s finances. Salaries vary but often start around $90,000 and can go up significantly with experience and company size.
Private Equity Analyst: Private equity analysts evaluate investment opportunities in private companies. Salaries can be substantial, with junior analysts earning around $100,000 or more and increasing with experience.
Hedge Fund Manager: Managing a hedge fund can lead to substantial earnings, but it’s important to note that success in this field can be highly variable. Salaries can range from low six-figures to several million dollars for top-performing managers.
Compliance Officer: Compliance officers ensure that financial institutions adhere to laws and regulations. Salaries range from approximately $60,000 to $150,000 or more, depending on experience and responsibilities.
Best Online Master's in Finance
1. University of North Carolina at Chapel Hill
The online Master’s in Finance program at the University of North Carolina at Chapel Hill offers a flexible and accessible pathway for aspiring finance professionals to advance their education and career.Â
While admission eligibility requirements may evolve, typically, candidates are expected to hold a bachelor’s degree from an accredited institution and demonstrate a competitive GPA, often around 3.0 or higher.Â
The program provides a robust online learning experience, making it possible for students to engage with coursework, instructors, and fellow learners via the internet.Â
While the program’s campus is located in Chapel Hill, online students still have access to the university’s extensive resources, including academic support, libraries, and career services.Â
University of North Carolina at Chapel Hill
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Average Undergrad Tuition
-
In-state: $7,019
-
Out-of-state: $34,198
-
Average Graduate Tuition
-
In-state: $10,552
-
Out-of-state: $28,278
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Acceptance Rate: 25%
2. Johns Hopkins University
The Online Master’s in Finance program at Johns Hopkins University offers a comprehensive and accessible avenue for individuals seeking to elevate their expertise in finance.Â
Admission eligibility requirements may vary over time, but typically, applicants are expected to possess a bachelor’s degree from a recognized institution. A competitive GPA, often around 3.0 or higher, is commonly sought.Â
The program’s online format allows students to access their coursework, interact with faculty, and collaborate with peers from anywhere in the world, providing a flexible and accommodating learning environment.Â
While the university’s physical campus is located in Baltimore, Maryland, online students benefit from the wealth of academic resources and support services that Johns Hopkins has to offer.Â
Johns Hopkins University
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Average Undergrad Tuition
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In-state: $54,160
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Out-of-state: $54,160
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Average Graduate Tuition
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In-state: $57,010
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Out-of-state: $57,010
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Acceptance Rate: 11%
3. Liberty University
Liberty University’s Online Master’s in Finance program is a flexible and accessible option for those looking to advance their careers in the finance industry. Admission eligibility requirements typically include a bachelor’s degree from an accredited institution.Â
While GPA expectations may vary, a competitive GPA, often around 3.0 or higher, is commonly preferred. The online format allows students to pursue their studies from anywhere, accommodating a wide range of schedules and locations.Â
While there is no physical campus presence required, students can still benefit from the robust online resources and support services offered by the university.Â
Additionally, Liberty University provides various funding options, including scholarships and financial aid, to help make education more affordable and accessible for eligible students.Â
Liberty University
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Average Undergrad Tuition
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In-state: $14,791
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Out-of-state: $14,791
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Average Graduate Tuition
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In-state: $7,935
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Out-of-state: $7,935
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Acceptance Rate: 50%
4. Southern New Hampshire University
Southern New Hampshire University’s Online Master’s in Finance program offers a convenient and flexible pathway for individuals seeking to further their education and career in finance.Â
Admission eligibility typically involves holding a bachelor’s degree from a recognized institution, and while GPA requirements can vary, a competitive GPA, often around 2.75 or higher, is commonly preferred.Â
Campus life is not a factor in an online program, but students can access a wide range of digital resources and academic support services. Furthermore, Southern New Hampshire University offers several funding options, including scholarships and financial aid, to assist eligible students in financing their education.Â
For the most up-to-date information regarding admission criteria and available funding support, prospective students are encouraged to visit the official program website or contact the university’s admissions and financial aid departments.
Southern New Hampshire University
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Average Undergrad Tuition
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In-state: $9,600
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Out-of-state: $9,600
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Average Graduate Tuition
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In-state: $18,810
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Out-of-state: $18,810
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Acceptance Rate: 94%
5. Florida International University
Florida International University’s Online Master’s in Finance program provides a convenient and accessible opportunity for individuals looking to enhance their financial expertise.Â
Admission eligibility requirements generally entail a bachelor’s degree from an accredited institution, and while GPA expectations may vary, a competitive GPA, often around 3.0 or higher, is typically preferred.Â
The program offers a diverse range of courses designed to provide a comprehensive understanding of finance, covering topics like financial management, investments, and risk management.Â
The program often consists of 36 credit hours, which students can complete entirely online.Â
Furthermore, Florida International University offers various funding options, including scholarships and financial aid, to support eligible students in their educational pursuits.
Florida International University
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Average Undergrad Tuition
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In-state: $4,721
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Out-of-state: $16,529
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Average Graduate Tuition
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In-state: $8,912
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Out-of-state: $21,393
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Acceptance Rate: 58%
What is an Online Master's in Finance, and what are its benefits?
An Online Master’s in Finance is a graduate program that offers a comprehensive education in finance via online platforms. The benefits include flexibility, accessibility, and the opportunity to advance your career in the finance sector.
What are the typical admission requirements for an Online Master's in Finance?
Admission requirements often include a bachelor’s degree from an accredited institution. Some programs may require work experience, standardized test scores (such as GRE or GMAT), letters of recommendation, and a statement of purpose.
What is the average duration of an Online Master's in Finance program?
The duration varies depending on the program and the course load you choose. On average, students can complete the program in 1 to 2 years of full-time study.
Is prior experience in finance necessary for admission to these programs?
While some programs prefer applicants with prior finance experience, it’s not always a strict requirement. However, relevant experience can be an asset during the admission process.
Are online programs as reputable as on-campus ones?
Many reputable universities offer online finance programs that provide the same quality education as on-campus counterparts. It’s important to choose accredited programs from well-established institutions.
Can I work while pursuing an Online Master's in Finance?
Online programs often cater to working professionals, as they offer flexibility in terms of scheduling. However, it’s essential to manage your time effectively to balance work and studies.
What types of financial aid and scholarships are available for online finance programs?
Many universities offer financial aid and scholarships to help offset the cost of tuition. Prospective students should explore these options and check eligibility criteria on the program’s official website.
Do online students have access to the same resources as on-campus students?
Online students typically have access to a variety of resources, including digital libraries, academic support, and career services. While there’s no physical campus presence, online students can access these services virtually.
What career opportunities are available with a Master's in Finance?
Graduates of finance programs can pursue careers in financial analysis, management, investment banking, corporate finance, risk management, and more. Salaries and job prospects vary by role and location.
How does online learning in finance differ from traditional in-person education?
Online learning offers flexibility and convenience but requires self-discipline and strong time management skills. Interaction with instructors and peers may occur through virtual means, such as discussion forums and video conferencing.
Are there specific software or technical requirements for online finance programs?
Most online programs require a computer with reliable internet access. Certain courses may also require specific financial software, which is often provided or available for download.
