In this article, we list the top-ranked and affordable online master’s in finance degree programs for 2017-2018.
Finance jobs are expected to expand by 8 percent over the next seven years. The United States Department of Labor’s Bureau of Labor Statistics reports an anticipated job growth for business and financial operations occupations.
This means that over 600,000 new jobs will be added to the industry. Most high-paying finance jobs require a graduate degree. But you don’t have to give up your current job to go back to school. Some of the nation’s top-ranked institutions offer online master’s in finance degree programs designed for working students.
Ranking MethodologyWe reviewed 52 accredited colleges and universities listed by the National Center for Education Statistics (NCES) College Navigator offering online master’s in finance or closely related degree programs. We then retained only those institutions with rankings from major publications like Forbes magazine, The Princeton Review, or U.S. News and World Report. Of these we selected the 15 most affordable programs and listed them in order based on recent in-state graduate tuition rates published by the NCES College Navigator.
Below are the resulting selections for our 15 best affordable online master’s in finance programs for 2017-2018.
Ranking of Affordable Online Master of Finance
#15 – Northeastern University
Online Master’s in Finance
Graduate Tuition/Fees: $22,061
Northeastern University is a top-ranked and accredited institution that offers an online master’s in finance degree program with no required residencies. In as little as 16 months, graduate students may earn a master’s in finance entirely online. Two tracks are also available so that students may tailor their degree to suit career goals and personal interests. These tracks include corporate finance and investment finance. All courses are delivered online and include analysis of financial institutions and markets, business turnarounds, fixed income securities and risk, investment analysis, and international finance management. Northeastern is ranked by major publications like Forbes magazine and U.S. News and World Report. In fact, U.S. News ranks the school as the 39th best national university. Also, the online graduate business programs, including finance, rank #37 out of more than 1,200 surveyed programs.
#14 – Pennsylvania State University World Campus
Online Master of Finance
University Park, Pennsylvania
Graduate Tuition/Fees: $19,832
The finance master’s programs online at Pennsylvania State University’s World Campus include the online master of finance degree. This 30-credit program is designed to provide quality education to busy professionals and equip them for leadership roles in various areas of business and finance. The program is AACSB-accredited and serves as the foundation for various professional certifications like the Chartered Financial Analyst (CFA). Courses are delivered online and include analysis of financial markets, current issues in corporate finance, financial decision processes, mergers and acquisitions, multinational managerial finance, and portfolio theory and policy. Penn State is ranked by U.S. News and World Report as the 50th best national university in the country and the 14th top public school. Also, the graduate business school ranks #41 in the nation.
#13 – Southern New Hampshire University
Online Master’s in Finance
Manchester, New Hampshire
Graduate Tuition/Fees: $18,810
Southern New Hampshire University’s finance master’s programs online include the MS in Finance degree. The program is designed for working professionals who want to take advantage of the 24/7 accessibility that an online graduate program offers. Students take two courses every ten-week term and can complete the degree within 15 months. No GMAT or GRE scores are required for admission. Two concentrations are available so that students may tailor their degree to better suit career goals. These include corporate finance and investments and securities. Required courses include corporate finance, cost accounting, economics for business, financial reporting and analysis, and quantitative analysis for decision-making. The university is ranked by U.S. News and World Report as the 101st best regional university in the North and #1 most innovative school.
#12 – Creighton University
Online Master of Investment Management and Financial Analysis
Graduate Tuition/Fees: $16,664
Creighton University’s accredited online master’s in finance degree is one of the top picks on our list. The investment management and financial analysis graduate program is designed to offer online convenience and preparation for the Chartered Financial Analyst (CFA) examinations. This top-ranked online finance master’s degree program has partnered with the CFA Institute, one of only 36 university partners in the United States. All courses are delivered online and taught by world-renowned university professors. Courses include ethics and professional standards, financial statement analysis, portfolio management and performance measurement, risk management, and security analysis. Creighton is ranked as the #1 best regional university in the Midwest by U.S. News and World Report. Also, the online graduate business programs are ranked #20 out of more than 1,200 surveyed programs.
#11 – University of Washington
Online Master’s in Computational Finance and Risk Management
Graduate Tuition/Fees: $16,278
One of the top online master degree programs in finance on our list is the computational finance and risk management (CFRM) degree from University of Washington. Offered online, this accredited graduate program is designed with the working professional in mind. All classes are delivered online and tailored to suit busy daytime schedules. Courses include actuarial models and estimation, credit risk management, ethics in the finance profession, financial data modeling and analysis, investment science, and Monte Carlo simulation methods in finance. University of Washington is the 54th best national university and 16th top public school, according to the most recent rankings published by U.S. News and World Report. Also, UW’s business school, which includes the finance programs, ranks #27 in the nation.
#10 – Johnson & Wales University
Online Master of Science in Finance
Providence, Rhode Island
Graduate Tuition/Fees: $16,056
Johnson & Wales University offers accredited online master degree programs in finance that include the MS in Finance degree. This online program is designed to prepare students for careers in finance using the most complex financial software. Two tracks of study allow students to tailor their degrees to better suit career goals. Students may select the financial planner pathway or the Chartered Financial Analyst track. All courses for the online finance master’s degree program are taught by university professors. Classes include financial management, financial reporting and control, fundamentals of investment and portfolio management, personal financial planning, and retirement planning. Courses run 11 weeks in length, and the entire degree can be completed in just 15 months. The institution is ranked by U.S. News and World Report as the 67th best regional university in the North, and the online graduate business programs have also earned recognition.
#9 – New England College
Online Master’s in Accounting – Forensic Accounting
Henniker, New Hampshire
Graduate Tuition/Fees: $13,735
While not the standard in finance master’s programs online, New England College offers a master’s in accounting program that may be completed 100% online with no residency requirement and a forensic accounting pathway that focuses on highly specific areas of financial reporting. This unique degree program requires no GRE or GMAT score, is designed to be completed in less than two years, and is accredited by the New England Association of Schools and Colleges. Online finance courses taken for the degree include auditing for financial reporting fraud, business finance, cost accounting, financial reporting, and international finance and accounting. New England College is ranked by U.S. News and World Report as a top regional university in the North. Also, the online graduate business programs rank 80th out of more than 1,200 surveyed programs.
#8 – Webster University
Online Master’s in Finance
St. Louis, Missouri
Graduate Tuition/Fees: $12,300
Webster University offers online finance master’s programs designed for working students with busy lives and schedules. The program serves as a foundation for those interested in pursuing advanced certification, including CFA, CFP, or other specialty areas. The MS in finance program is accredited by the Accreditation Council for Business Schools and Programs and offers small class sizes with access to experienced faculty. All classes are delivered online and include advanced corporate finance, capital budgeting and corporate investments, financial strategies, international finance, management accounting, and managerial economics. Webster is ranked by U.S. News and World Report as the 24th best regional university in the Midwest, and its online graduate business programs, including finance, are ranked #92 out of more than 1,200 surveyed programs.
#7 – University of Michigan
Online Master’s in Finance
Graduate Tuition/Fees: $11,280
University of Michigan’s online master degree programs in finance can be completed in just 12 months of full-time study. Admission is rolling, and both part-time and full-time options are available. Most part-time students enroll in May, while full-time students are admitted in September or January. The online finance master’s degree offers two concentrations so that students may tailor their degree towards personal interests or career goals. These include corporate finance and investments. All courses are delivered online and include derivatives and risk management, financial statement analysis, investment process and analysis/management, and topics in investments and capital markets. University of Michigan is ranked 40th for best regional universities in the Midwest, and the online graduate business programs (such as finance) are ranked #55 out of more than 1,200 surveyed programs.
#6 – Auburn University
Online Master of Science in Finance
Graduate Tuition/Fees: $10,418
Auburn University’s online master’s in finance degree program mirrors the same curriculum and academic features as the on-campus program. This AACSB-accredited degree is designed for working students who want to receive quality graduate education without stepping foot into the classroom. Online finance master’s programs at Auburn require various finance courses and follow either a non-thesis or thesis option. Courses include applied financial management, cost analysis and systems, financial analysis, security analysis and management, and topics in finance and finance-related areas. Auburn is ranked with U.S. News and World Report as a top national university. Also, the online graduate business programs like finance rank 10th in the nation out of more than 1,200 surveyed programs.
#5 – Bellevue University
Online Master’s in Strategic Finance
Graduate Tuition/Fees: $9,900
Bellevue University’s online finance master’s programs include the MS in Strategic Finance degree. Bellevue’s finance master’s programs online are both accredited and highly affordable. Admission requires a current bachelor’s or master’s degree from a regionally accredited institution and letters of recommendation. This 36-credit hour program offers online classes that are taught by university professors. Courses include accounting for performance management, business analysis for decision-making, business conditions in global markets, financial management and strategy, financial report and analysis, and risk management. Bellevue is ranked by major publications like U.S. News and World Report as a best regional university in the Midwest, and its online graduate business programs have also earned recognition.
#4 – Indiana University
Online MS in Finance
Graduate Tuition/Fees: $9,743
Indiana University’s online master degree programs in finance at Indiana University are designed to give students the opportunity to earn an advanced finance degree in as little as 15 months. All courses are delivered online and in a convenient fashion. Working students can take advantage of course content at all hours of the day. Online courses include asset pricing and security valuation, financial risk management, financial strategy and corporate restructuring, international financial management, managing accounting information for decision making, and valuation and capital investment. An option to add an MBA degree is also available for those interested in business and finance. U.S. News and World Report ranks the school as the 86th best national university. Also, the online graduate business programs are ranked #1 in the country!
#3 – Colorado State University Global Campus
Online Master’s in Finance
Greenwood Village, Colorado
Graduate Tuition/Fees: $9,000
Colorado State University’s online master’s in finance degree program is designed to develop leadership and operational skills in finance by emphasizing career development through its courses and curriculum. All courses are taught by qualified university instructors with contemporary industry experience. Fifteen available specializations allow students to tailor their degree towards personal interests and career goals. Online courses include bank management, derivatives and assets pricing, effective organizations–theory and practice, fundamentals of quantitative analysis, insurance and risk management, and principles of finance. The university is ranked as a top regional institution in the West by major publications like U.S. News and World Report. Also, the graduate business school is ranked.
#2 – University of Maryland University College
Online Master’s in Accounting and Financial Management
Graduate Tuition/Fees: $8,514
The online finance masters programs at University of Maryland University College include the master’s in accounting and financial management program. This 36-credit hour program is designed for working students and military spouses and family members. Courses are conveniently delivered online, making it easy to fit an online finance master’s degree into a busy schedule. Online courses include auditing, behavioral finance, financial accounting, financial management in organizations, investment valuation, long-term financial management, and strategic financial management. Admission requirements include 15 credits of undergraduate accounting courses with a grade C or better in each accounting course. The institution is accredited and ranked with U.S. News and World Report as a top regional university in the North.
#1 – West Texas A&M University
Online Master’s in Finance and Economics (MSFE)
Graduate Tuition/Fees: $6,043
West Texas A&M University offers the most affordable online master’s in finance program on our list. Admission is competitive and requires an undergraduate GPA of 3.0 or higher, three letters of recommendation, and a clear statement of goals for pursuing a graduate business degree. The program is designed for busy and working students who require online instruction. All courses are delivered online and include 21 core MSFE classes like corporate governance and ethics, current issues in industrial organization, international finance, investment, quantitative analysis in business, and seminar in advanced microeconomic theory. West Texas is ranked by U.S. News and World Report as the 35th top public school and 91st best regional university in the West. Also, the online graduate business programs rank #26 out of more than 1,200 programs surveyed by U.S. News.