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Online MBA in finance programs prepare students for careers in financial services, particularly high-level positions like chief financial officer, management consultant, and financial manager. According to the Bureau of Labor Statistics (BLS), financial managers earned a median annual salary of $129,890 in 2019.

In this guide, readers can find a list of the top 10 finance programs and learn what to expect from an MBA in finance. The following sections include sample courses from MBA programs and potential career options for graduates.

Readers can also learn more about the best online MBA in finance programs.

What Are the Best Online MBA in Finance Programs of 2021? Here Are Our Top 10:

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Rank School Location
1 University of North Carolina at Chapel Hill Chapel Hill, NC
2 Villanova University Villanova, PA
3 Pennsylvania State University-World Campus University Park, PA
4 Babson College Wellesley, MA
5 University of Maryland-College Park College Park, MD
6 Purdue University West Lafayette, IN
7 Texas A & M International University Laredo, TX
8 Webster University Saint Louis, MO
9 University of North Carolina Wilmington Wilmington, NC
10 University of Delaware Newark, DE
How We Rank Schools

At BestColleges, we believe a college education is one of the most important investments you will make. We want to help you navigate the college selection process by offering school rankings that are transparent, inclusive, and relevant for online students.

Our rankings are grounded in a few guiding principles and use the latest statistical data available from trusted sources. Read our Ranking Methodology. We hope our approach helps you find the school that is best for you.

2021 Best Accredited Online MBA in Finance Programs

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Rank School Location Cost Graduation Rate Description Toggle
1

University of North Carolina at Chapel Hill

Chapel Hill, NC Cost: $$$$$ Graduation Rate: 89%

UNC-Chapel Hill's Kenan-Flagler Business School offers an online master of business administration with a concentration in finance. Learners who take two classes each quarter can graduate in 24 months.

Core business classes include analytical tools for decision-making, strategic economics, and financial accounting. The finance concentration offers suggested electives in derivatives, corporate financial strategy, taxes and business strategy, and global finance and emerging markets. Two in-person summits round out the program's experiential learning offerings.

The program offers four start dates per year and requires at least two years of work experience to apply. UNC-Chapel Hill holds regional accreditation from the Southern Association of Colleges and Schools Commission on Colleges, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Public
Tuition: $2,026 per credit
Credit Requirements: 62 quarter credits
Program Length: 18-36 months
Format: Online, with two in-person summits required
Instruction Style: Asynchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

2

Villanova University

Villanova, PA Graduation Rate: 91%

A Catholic university located in Pennsylvania, Villanova's School of Business offers an online master of business administration with a specialization in finance. The 48-credit program requires one immersive weekend on campus.

Students take core business courses such as business operations in the 21st century, strategic marketing management, and corporate finance. The finance specialization requires students to take at least 7.5 credits in finance-specific courses. Towards the end of the program, students complete three practica, allowing students to demonstrate knowledge mastery and gain practical experience.

Villanova holds regional accreditation from the Middle States Commission on Higher Education, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Specialization
School Status: Public
Tuition: $1,375 per credit
Credit Requirements: 48 credits
Program Length: 2 years
Format: Online, with one immersive in-person weekend required and a seven-day international immersion capstone encouraged
Instruction Style: Asynchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

3

Pennsylvania State University-World Campus

University Park, PA Cost: $$$$$ Graduation Rate: 71%

Based in University Park, Penn State World Campus offers an online master of business administration with a concentration in finance. The program requires one three-day residency on campus.

Students take business core courses, such as data analysis for decision-making and leadership communications for change management. Courses in the nine-credit finance concentration include analysis of financial markets, multinational managerial finance, and portfolio management.

Penn State holds regional accreditation from the Middle States Commission on Higher Education, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Public
Tuition: $1,236 per credit
Credit Requirements: 48 credits
Program Length: 2 years
Format: Online, with one in-person residency required
Instruction Style: Asynchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

4

Babson College

Wellesley, MA Graduation Rate: 91%

Located in Massachusetts, Babson offers an online entrepreneurial master of business administration with a concentration in finance. Students can choose between full-time and part-time tracks.

Students begin the 45-credit curriculum with business core courses, investigating topics like business analytics, managing people and organizations, and entrepreneurship. Finance concentration classes widen a student's financial perspective and include options like real estate investments, financing and valuing sustainability, and energy market business models and opportunities. Students complete 12 credits within their concentration.

Babson focuses on experiential learning, offering students consulting and travel abroad opportunities. Babson is regionally accredited by the New England Commission of Higher Education.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Private
Tuition: $1,990 per credit
Credit Requirements: 45 credits
Program Length: 12-21 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

5

University of Maryland-College Park

College Park, MD Cost: $$$$$ Graduation Rate: 86%

UMD's Robert H. Smith School of Business offers an online master of business administration with a specialization in finance. The 54-credit curriculum includes a residency at the beginning of the program and an in-person capstone requirement at the end.

Students complete fundamental business courses, including corporate finance, operations management, and the global economic environment. The finance specialization includes classes like commercial bank management and financial restructuring. The program strongly suggests applicants possess at least two years of professional work experience before applying.

UMD holds regional accreditation from the Middle States Commission on Higher Education, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With Finance Specialization
School Status: Private
Tuition: $1,617 per credit
Credit Requirements: 54 credits
Program Length: 24 months
Format: Online, with two in-person residencies required
Instruction Style: Asynchronous

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

6

Purdue University

West Lafayette, IN Cost: $$$$$ Graduation Rate: 81%

Based in West Lafayette, Indiana, Purdue Global offers an online master of business administration with a finance concentration. The program offers four start dates per year and students focus on one or two courses at a time during each six-week term.

Students take various foundational business courses during the 76-quarter-credit program, including economics for global decision-makers, managing the value chain, and ethics in business and society. Finance specialization courses investigate corporate finance, financial statement analysis, and risk analysis and management.

Purdue holds regional accreditation from the Higher Learning Commission, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Public
Tuition: $485 per credit
Credit Requirements: 76 quarter credits
Program Length: 24 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: Not required

Contact the School

Request more information about this program.

7

Texas A & M International University

Laredo, TX Cost: $$$$$ Graduation Rate: 46%

Located in Laredo, TAMIU's A.R. Sanchez, Jr. School of Business offers an online master of business administration in international banking and finance.

Students study finance topics such as the analysis of market activities, current techniques for hedging risks in international portfolio investments, and the financial management of a firm. These seven-week courses help students develop the leadership and critical thinking skills needed to lead large financial institutions.

TAMIU holds regional accreditation from the Southern Association of Colleges and Schools Commission on Colleges, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration in International Banking and Finance
School Status: Public
Tuition: $336 per credit
Credit Requirements: 30 credits
Program Length: As few as 15 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: 3.0 minimum required on upper-level courses
Standardized Tests: GRE or GMAT required if an applicant's GPA is below 3.0

Contact the School

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8

Webster University

Saint Louis, MO Graduation Rate: 59%

Located in St. Louis, Missouri, Webster's George Herbert Walker School of Business & Technology offers an online master of business administration with an emphasis in corporate finance.

Students complete core competencies related to business leadership before moving onto specialization courses. The corporate finance curriculum includes classes in financial modeling, advanced corporate finance, and financial statement analysis. Courses prepare students to work in environments with heavy regulatory requirements and large-scale transactions.

Webster holds regional accreditation from the Higher Learning Commission, and its business school is accredited by the Accreditation Council for Business Schools and Programs.

Program Snapshot

Program Name: Master of Business Administration With a Corporate Finance Emphasis
School Status: Public
Tuition: $780 per credit
Credit Requirements: 39-45 credits
Program Length: 2 years
Format: Online
Instruction Style: Asynchronous and synchronous

Admission Requirements

GPA: 2.75 minimum required
Standardized Tests: Not required

Contact the School

Request more information about this program.

9

University of North Carolina Wilmington

Wilmington, NC Cost: $$$$$ Graduation Rate: 73%

Located in Wilmington, UNCW's Cameron School of Business offers an online master of business administration with a specialization in finance.

Students begin by completing business core requirements designed to develop leadership skills and an understanding of business operations. Finance students also take classes such as investment management, financial statement analysis, and real estate investment analysis. Faculty deliver courses over seven-week terms. Applicants must possess at least two years of work experience to qualify for admission.

UNCW holds regional accreditation from the Southern Association of Colleges and Schools Commission on Colleges, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With Specialization in Finance
School Status: Public
Tuition: $415 per credit (in-state); $1,093 per credit (out-of-state)
Credit Requirements: 36 credits
Program Length: As few as 12 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: Minimum GMAT score of 500 (or GRE equivalent) required

Contact the School

Request more information about this program.

10

University of Delaware

Newark, DE Cost: $$$$$ Graduation Rate: 81%

Based in Newark, Delaware, UD's Alfred Lerner College of Business and Economics offers an online master of business administration with a finance focus. Students build a solid business foundation by taking a series of seven-week classes.

Students take core business courses such as fundamentals of analytics and economic analysis for business. Finance students then take courses in their concentration, delving into corporate financial analysis, investment analysis, and portfolio management. Applicants must possess at least two years of work experience to qualify for admission.

UD holds regional accreditation from the Middle States Commission on Higher Education, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With Finance Focus
School Status: Public
Tuition: $950 per credit
Credit Requirements: 44 credits
Program Length: As few as 16 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: 2.8 minimum required
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

11

Bethel University

Saint Paul, MN Graduation Rate: 77%

Located in St. Paul, Minnesota, Bethel offers an online master of business administration with a finance concentration. Courses in this program start every six weeks.

Students take core business courses to prepare for leadership positions. Finance specialization classes include foundations in business analytics, contemporary topics in finance, and advanced managerial finance. Learners also take part in a capstone experience that includes a collaborative project managing finances for a mock company. Students must provide evidence of at least two years of prior work experience to qualify for admission.

Bethel holds regional accreditation from the Higher Learning Commission, and programmatic accreditation for its business school is granted by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Private
Tuition: $650 per credit
Credit Requirements: 42 credits
Program Length: 24-30 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: Not required

Contact the School

Request more information about this program.

12

Ball State University

Muncie, IN Cost: $$$$$ Graduation Rate: 63%

Based in Muncie, Indiana, Ball State's Miller College of Business offers an online master of business administration with a finance concentration. Students may pursue the degree on a full-time or part-time basis and begin the program in fall, spring, or summer.

Students begin by studying the intricacies of leadership and organization within a business setting. From there, finance-specific courses include investment management, global financial policy, and risk management and insurance. Graduates often go on to find careers in corporate finance or commercial banking.

Ball State holds regional accreditation from the Higher Learning Commission, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Public
Tuition: $449 per credit (in-state); $661 per credit (out-of-state)
Credit Requirements: 30-34 credits (student with a business degree); up to 43 credits (students without a business degree)
Program Length: 2 years
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: 2.75 minimum required
Standardized Tests: GMAT (minimum score of 450) or GRE (minimum score of 149 on both sections) required

Contact the School

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13

University of Massachusetts-Amherst

Amherst, MA Cost: $$$$$ Graduation Rate: 80%

UMass Amherst's Isenberg School of Management offers an online master of business administration with a finance focus.

Students take core business courses designed to build critical thinking and leadership skills before moving on to a finance-specific curriculum. Finance courses go over areas like corporate real estate, value investing, and private wealth management. Students may also take flex focus courses, such as project management classes, to enhance their knowledge. Applicants must possess three years of work experience to qualify for admission.

UMass Amherst holds regional accreditation from the New England Commission of Higher Education, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With Finance Focus
School Status: Public
Tuition: $900 per credit
Credit Requirements: 45 credits
Program Length: 2 years
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: GMAT or GRE required

Contact the School

Request more information about this program.

14

Florida Atlantic University

Boca Raton, FL Cost: $$$$$ Graduation Rate: 52%

Located in Boca Raton, FAU's College of Business offers an online master of business administration with a finance concentration.

Students prepare for in-demand careers in finance by taking core business courses, including financial accounting concepts, the global environment of management, and operations management. Students then proceed to take finance-specific courses, such as advanced monetary economics, financial markets, and multinational finance. Applicants must possess at least four years of professional work experience to qualify.

FAU holds regional accreditation from the Southern Association of Colleges and Schools Commission on Colleges. Its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Concentration
School Status: Public
Tuition: $800 per credit
Credit Requirements: 40-46 credits
Program Length: 23 months
Format: Online
Instruction Style: Asynchronous

Admission Requirements

GPA: 3.0 minimum preferred over an applicant's last 60 undergraduate credits
Standardized Tests: GMAT or GRE required

Contact the School

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15

Syracuse University

Syracuse, NY Graduation Rate: 83%

Located in upstate New York, Syracuse's Martin J. Whitman School of Management offers an online MBA in finance. Students take courses online, but there are also three required residencies.

Students build strong foundations in business through the core curriculum and then focus on finance-related coursework. Finance classes include financial analytics, investment analysis, and introduction to derivatives. The curriculum emphasizes corporate finance and investments.

Applicants must possess three years of work experience to qualify for admission. Syracuse holds regional accreditation from the Middle States Commission on Higher Education, and its business school is accredited by the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Business Administration With a Finance Specialization
School Status: Public
Tuition: $1,683
Credit Requirements: 54 credits
Program Length: 24 months
Format: Online, with three required residencies
Instruction Style: Asynchronous and synchronous

Admission Requirements

GPA: No minimum requirement
Standardized Tests: GMAT optional

Contact the School

Request more information about this program.

What Can I Expect From an Online MBA in Finance Program?

Students enrolled in these programs learn critical leadership and management skills that can help them advance their career.

An MBA in finance opens the door to upper-level finance careers like chief financial officer and financial manager. Students enrolled in these programs learn critical leadership and management skills that can help them advance their career.

An MBA in finance takes about two years to complete and requires 60 credits. Program length varies depending on the college. Students typically enroll full time. Students who enroll part time may need more time to complete their degree.

Some finance programs offer concentrations like corporate financial management, investment and portfolio management, leadership and management, or project management. Other schools offer finance as a concentration under a broader MBA.

Many, but not all, programs require previous work experience for admission. MBA programs may ask students without work experience to complete an internship during the program. Readers should keep in mind that only some programs provide internship placements to students. Others require students to find their own internships.

Finance programs typically also require group projects and case studies about real-world corporations and business strategies.

MBA in finance programs typically culminate in a rigorous capstone or thesis project. Students choose an area of finance and complete an original research project under the guidance of a finance professor. These projects may include a written and/or oral report.

Admission Requirements for Online MBA in Finance Programs

Most MBA in finance programs require a bachelor's degree, preferably in finance or a related field. These schools also typically set a minimum GPA.

Applicants should expect to submit GMAT scores for admission. Many schools also require previous work experience, although the amount of experience differs depending on the program.

Readers can learn more about graduate admission requirements here.

Still Looking for the Right Fit? Discover Similar Programs.

What Courses Will I Take in an Online MBA in Finance Program?

Online MBA in finance programs build on key concepts from undergraduate finance programs and delve deeper into financial theory and practice. These programs prepare graduates for the workplace. Therefore, most classes teach practical skills — such as financial analysis and management — that students can use in their jobs after graduation.

Corporate Management

This course looks at financial decision-making and management practices from a corporate standpoint. Students learn about capital structure and restructuring, budgeting, and financial policymaking. Through real-world case studies, students learn how to evaluate risk level versus financial opportunity and make decisions that benefit the company and shareholders.

Short-Term Financial Management

Students learn about key concepts in short-term financial management, including core cash management, payment systems, liquidity analysis and management, and receivables and payables management. This course also provides a look at banking relationships and risk management when dealing with short-term borrowing. The class features theoretical and real-world examples.

Portfolio Management

This course delves into the real-world methods used to assess the value of stocks and bonds. Students learn how to manage investment portfolios and determine what will and won't make a sound investment. This class covers topics like risk-return measurement, diversification, and valuation.

Measuring Success in an Organization

This leadership course prepares students for management positions in finance. Students learn how to write and evaluate financial and accounting reports using cutting-edge analytical techniques and computer-based analysis tools. Students examine different metrics for determining the success of an organization and learn how to overcome challenges with limited resources.

Strategic Opportunity Management

This class emphasizes the importance of data-driven decisions. Through group projects, students learn the value of innovation and cooperation when implementing adaptive strategies to meet practical and aspirational goals. This course explores real-world examples on setting strategic objectives and building sustainable relationships with stakeholders.

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What Can I Do With an Online MBA in Finance Degree?

An MBA in finance prepares graduates for high-level positions, including chief financial officer, corporate controller, and financial consultant. Graduates may work in the private or public sector. In general, professionals with a master's degree earn more than their counterparts with only a bachelor's.

The BLS projects that financial managers will experience 15% job growth between 2019 and 2029. These professionals earned a median annual salary of $129,890 in 2019.

See where a master's in finance degree can take you. Learn more about finance careers here.

Financial Manager

Financial managers oversee the overall financial well-being of a business. These professionals create financial reports, analyze market trends, and offer advice on increasing profit margins. Although financial managers may only need a bachelor's degree to get started, professionals in this career typically can earn more and advance farther with a master's degree.

Financial Analyst

Financial analysts with a master's degree tend to earn more than their counterparts with only an undergraduate degree. These professionals help companies and individuals make investments. Financial analysts research the current and historical value of different stocks and bonds, helping their clients make the best decisions about what to do with their money.

Chief Financial Officer

Chief financial officers operate as top executives within a company. These professionals oversee all financial personnel and make high-level decisions about the financial future of the business. Chief financial officers work closely with other top executives to explain financial issues and offer sound financial advice.

Corporate Controller

Corporate controllers oversee important duties like billing, accounts payable and receivable, and budgeting. These professionals often manage financial and accounting departments, coordinating efforts between financial professionals and other employees within the company. Corporate controllers write financial reports and analyses for top executives, including the chief financial officer.

Financial Consultant

Financial consultants, also known as personal financial advisors, work with individuals and clients on financial issues. These professionals offer several services, including educating clients about sound investing, helping with budgeting issues, and auditing accounts. Financial consultants work closely with their clients and need excellent communication and analytical thinking skills.

Finance Not for You? Check Out These Related Careers.

Frequently Asked Questions About MBA in Finance Programs

Is an MBA in finance worth it?

Yes. An online MBA in finance allows professionals to earn higher salaries and seek management positions in finance and accounting. A master's provides proof of financial expertise to current and potential clients. Finance is a competitive industry, and an MBA can help professionals stand out from the crowd.

What can I do with an MBA in finance?

Graduates with an MBA in finance can choose from several paths. Professionals can advance in their current job, taking on more responsibilities and earning a higher salary. Professionals can also seek new positions, including managerial roles. An MBA prepares current managers for upper-level positions like chief financial officer.

How many finance majors get jobs?

Finance is both a coveted and competitive field. However, strong growth means there are ample opportunities for employment. The BLS projects that financial managers will experience 15% job growth between 2019 and 2029. During the same period, the BLS projects 5% growth for financial analysts and 4% growth for chief financial officers.

How much money can I make with an MBA in finance?

Salary outlook depends on the location of the job, the professional's level of experience, and the specific employer. For example, top executives in a large corporation typically earn more money than those in a small business. Finance professionals can earn salaries ranging from $87,850-$136,110.

What are the highest paying jobs with an MBA in finance?

According to PayScale, chief financial officers earn an average salary of $136,110. According to the BLS, financial managers earned a median annual salary of $129,890 in 2019. During the same year, financial analysts earned a median annual salary of $81,590 and personal financial advisors made $87,850.