Online Master’s Degree in Finance and Investment

By | June 22, 2022

The Best Online Master’s in Finance Degree Programs

An online master’s in finance can qualify you for competitive positions in finance, accounting, and compliance. Read about the 10 best programs below. is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Are you ready to discover your college program?

Online Master’s in Finance

Students who are passionate about finance and culture can access professional opportunities by earning an MS in finance online degree. A master’s in finance is an advanced degree focused on developing skills in financial management and analysis, investment, and managerial accounting. With a finance master’s degree, graduates can pursue opportunities in business, insurance, professional services, and government.

Careers in finance offer good salaries and job stability. The Bureau of Labor Statistics (BLS) projects a 16% increase in employment of financial managers between 2018 and 2028. These professionals earn a median income of $129,890 each year.

Prospective students interested in advancing their careers can earn an online master’s in finance without ever visiting a college campus. Below, we take a look at the 25 best online programs in finance, exploring admission requirements, learning outcomes, and typical courses.

Read on to learn how a master’s in finance can help turn your passion into a lucrative career.

Master’s in Finance Degree Overview

An online master’s in finance degree provides students with the advanced graduate education they need to pursue finance careers. Core coursework generally covers the fundamentals of finance, such as financial market analysis, portfolio management, and corporate finance. Elective coursework delves into niche areas and sometimes includes internships.

Students in master’s in finance programs develop quantitative skills that can be used to evaluate financial information, make financial decisions, choose and assess portfolios, and manage risk. Students learn to apply financial strategies to practical business needs.

Featured Online Schools for Master’s in Finance

The Best Online
Master’s in Finance

  1. Founded in 1876 as the country’s first research university, Johns Hopkins University now hosts around 26,000 students annually. The university’s Carey School of Business offers a finance master’s program that degree-seekers can complete online, studying part time.

    The 36-credit master’s in finance includes 24 credits of business foundations and core courses. Johns Hopkins does not offer concentrations for this program, but students can tailor the degree to their interests and career goals through electives like advanced hedge fund strategies, big data machine learning, and wealth management.

    Online courses generally follow an asynchronous format, but they sometimes include synchronous components as well. Students can graduate in two years and can access career coaching opportunities with Johns Hopkins alumni. These opportunities help degree-seekers connect with professionals at prominent corporations in the Baltimore and Washington, D.C., areas.

    To apply, prospective students need at least two years of work experience and a bachelor’s degree. They must also submit GMAT or GRE scores, one recommendation letter, two essays, a resume, and transcripts.

  2. Graduate students interested in finance can choose from two online options at Boston University: an MS in financial management or an MBA with a concentration in finance.

    Students who choose the MS in financial management can specialize in international finance or investment analysis. The 40-credit program covers topics like financial accounting and financial regulations and ethics. Students may also take several electives or pursue a dual degree in actuarial science, computer science, or telecommunications.

    The 45-credit MBA program follows a module system wherein students take one module at a time instead of enrolling in several traditional courses. Modules build upon each other, covering topics like managing risk and creating value for business and society. The program features mostly asynchronous courses, although students may need to log on at specific times for certain requirements.

    Most applicants to the MBA program have at least three years of work experience. The university does not require GMAT scores as long as applicants can demonstrate quantitative abilities in their undergraduate courses. Applicants to the MS in financial management must submit transcripts, a personal statement, and three recommendation letters.

  3. Carnegie Mellon University

    A private institution that hosts over 14,000 students annually, Carnegie Mellon University offers an online MBA with a concentration in finance that prepares students for careers in corporate finance firms, investment banks, and Fortune 500 companies.

    The MBA program includes a STEM focus, and most students in the program studied engineering, business, or economics during their undergraduate education. The finance concentration includes courses on investment analysis, corporate finance, and venture capital and private equity. Students culminate the degree with a capstone experience.

    Online learners follow a part-time schedule but take classes year-round. Although students complete most coursework online, they must attend in-person weekends six times per year at various locations across the country.

    Applicants must hold a bachelor’s degree and submit an essay, one professional recommendation, GMAT scores, and undergraduate transcripts. Most degree-seekers enrolled in this program have 3-10 years of work experience. Incoming students earned an average 3.4 undergraduate GPA and an average score of 671 on the GMAT.

  4. Located in upstate New York, Syracuse University is a private research university that hosts nearly 23,000 students annually. The school offers a 54-credit, online MBA program with a concentration in finance.

    Students take classes on topics like financial analytics, corporate financial policy and strategy, introduction to derivatives, and investment analysis. The curriculum also includes a culminating capstone course. If students enroll in two courses per term, they can graduate in two years.

    Distance learners must participate in three residencies at various locations. These residencies last three days and function as mini business conferences. In the past, students have attended residencies in cities like Dublin, Stockholm, New York, and New Orleans. At least one of these experiences takes place on campus in Syracyse, New York.

    Applicants with at least three years of work experience can apply with only their undergraduate transcripts. Syracuse does not require GMAT scores, but encourages applicants to submit the scores if they strengthen the application.

  5. University of North Carolina

    The first public university to grant degrees in the 18th century, the University of North Carolina at Chapel Hill continues to provide a high-quality education to its approximately 30,000 annual students today. The school’s online finance MBA comprises 62 credits, which students can complete through a few different pathways.

    Students can choose from 21-month, 24-month, and 27-month tracks. Learners complete one synchronous class each week. The program also requires at least two in-person summits, which allow students to experience immersive learning and networking opportunities. Past trips have taken students to Helsinki, Lima, and Mumbai.

    Graduates can pursue credentials like certified public accountant, certified management accountant, and certified financial analyst. They generally find jobs in areas like private equity, financial analysis, investment banking, and accounting.

    Applicants must hold a bachelor’s degree and submit undergraduate transcripts, a resume, two recommendation letters, and two essays. Individuals with fewer than five years of professional experience must also submit GMAT or GRE scores. The application process also involves a webcam interview.

  6. Established in 1789, Georgetown University is affiliated with the Catholic church and offers a variety of undergraduate and graduate programs, including many online options. The mostly online master’s in finance offers full- and part-time options.

    Learners study topics like financial markets, financial econometrics, and corporate valuation and modeling. Courses feature a mix of synchronous and asynchronous components. Students also complete a few in-person requirements, including a two-day orientation, a week-long residency, and two capstone global consulting project residencies, including residencies in foreign countries, like Namibia or South Africa.

    Applicants must hold a bachelor’s degree and submit transcripts, GMAT or GRE scores, a personal essay, and a recommendation letter. Georgetown does not set a minimum GPA requirement but generally looks for applicants with at least a 3.0 GPA.

  7. University of Massachusetts – Amherst

    Established in 1867, the University of Massachusetts Amherst offers a variety of undergraduate, graduate, and certificate programs, including an online MBA with a concentration in finance.

    This program prepares students to work in areas like investment banking and corporate finance. The 45-credit program includes classes on private wealth management, real estate investment, and value investing. Distance learners can pursue the degree fully online or take some courses on campus.

    Student groups like the Graduate Business Association and MBA Women International can help learners connect with their peers at the university and beyond. Applicants need a bachelor’s degree and at least 3-5 years of business experience. They must also submit transcripts, GMAT or GRE scores, a personal statement, two recommendation letters, and a resume.

  8. Temple University enrolls nearly 40,000 students annually through its 17 schools and colleges. The university’s Fox School of Business and Management offers an online MBA with a concentration in financial management.

    The 48-credit program includes courses on leadership in organizations, financial analysis and strategy, and quantitative methods for business. The online program also includes a week-long opening residency on campus.

    Learners can participate in global immersion programs. These experiences center around a specific theme, like international entrepreneurship or global emerging markets. Past experiences have taken students to places like China, Sweden, and Brazil.

    Applicants must hold a bachelor’s degree and submit undergraduate transcripts, recommendation letters, entrance essays, and GMAT or GRE scores. Applicants with 7-10 years of work experience and a minimum 3.0 GPA can bypass the test score requirement.

  9. Founded in 1819, the University of Cincinnati hosts more than 46,000 students annually through over 400 degree programs. The school offers an online MBA program with a specialization in healthcare finance.

    The 38-credit program includes courses in healthcare informatics, information systems, financial analysis, and health policy. Learners culminate the degree with a two-credit capstone course that allows them to apply learned knowledge and skills to an integrative project.

    The fully online program uses an asynchronous format, allowing students to balance their studies with personal and professional obligations. Applicants must hold a bachelor’s degree and submit transcripts, two recommendation letters, a goals statement, and a resume.

  10. The University of Miami is a private institution that hosts around 17,000 students annually. The school’s online MBA program offers two finance concentrations: corporate finance and financial decision-making.

    The corporate finance concentration prepares students for jobs in treasury management, capital budgeting, and investor relations, while the financial decision-making concentration qualifies managers for career advancement. Regardless of concentration, all finance MBA students must complete 47 credits.

    Learners take one seven-week course at a time, studying accounting, economics, operations research models, and international investments and valuation. Courses use an asynchronous format, allowing students to balance their studies with personal and professional obligations.

    Applicants must hold a bachelor’s degree and submit undergraduate transcripts, a resume, a personal statement, and two recommendation letters.

Online Master’s in Finance Programs
Ranking Guidelines

We ranked these degree programs based on quality, curricula, school awards, rankings, and reputation.

The motto of is
Finding the best school for you. Here is how we do it:

The value of any ranking list of schools and/or degree programs depends on having a methodologically sound assessment of each school’s/program’s characteristics, especially insofar as these can be objectively measured. A college or university is a complex entity, with numerous factors to consider, and distilling these down to the place where meaningful comparisons can be made to form a defensible ranking list becomes part science and part art.

To meet this challenge—and thereby provide you with the most useful and insightful educational rankings on the Internet — formulates our rankings based on five informational categories
(six, when considering online schools). The major metrics and qualities for which we rank are these (with expanded, detailed considerations and weights listed):

1. Academic excellence based on a school’s curriculum generally or within the selected discipline [weight = 25%]

  • Weighs school against known leading schools in that discipline
  • Weighs number of core curricula listed as advanced courses within that discipline and compares against introductory courses
  • Weighs school’s curriculum against known knowledge needs of major employers in that discipline
  • Considers number and types of specializations offered within that discipline
  • Considers faculty expertise in that discipline
  • Considers range of electives within that discipline
  • Considers quality of online environment offered to students (if applicable), particularly within that discipline

2. Strength of faculty scholarship [weight = 25%]

  • Considers education background of the faculty
  • Considers years of faculty experience both inside and outside of academia.
  • Considers faculty membership and leadership within relevant, prominent associations
  • Considers academic papers published by faculty in relevant, prominent periodicals
  • Considers awards and recognitions given to faculty members from prominent organizations and from other sources

3. Reputation [weight = 20%]

  • Considers a school’s reputation among academic peers and employers regarding the following:
    • Faculty
    • Curriculum
    • “Freshness” of academic knowledge
    • Adaptability to changes in employment sectors
    • Suitability of graduates for the workplace

4. Financial aid [weight = 10%]

  • Mandatory: Requires full accreditation from an agency endorsed by the U.S. Department of Education and listed on the federal register to accept student federal financial aid
  • Considers range of school-sponsored financial aid such as scholarships and grants

5. Range of degree programs [weight = 20%]

  • Considers range of degree levels: associate’s, bachelor’s, master’s, and doctoral and professional
  • Considers range of degree subjects offered, such as art & design, computers & technology, education & teaching, criminal justice, and business

6. Strength of online instruction methodology (if applicable) [weight = 25%; subtract 5% from each of the above for online schools/programs]

  • Considers the following of the online classes:

    • Types of online technology used to deliver content
    • Pedagogy style: asynchronous, synchronous, or both (depending on the degree)
    • Extent and quality of the online, community learning environment, including options for communication, interactivity, and collaboration between students and also between students and instructors
    • Variety, breadth, and depth of coursework, and its support, including project options and online tutoring
  • Considers the following of instructors:

    • Extent of training for teaching within an online learning environment
    • Amount of timely, consistent feedback to students
    • Extent of collaboration with prospective employers to ensure suitability of instructional materials for achieving desired skills
    • Ratio to number of students in a class
  • Number and quality of internships in a student’s geographical area for applicable degrees

Because students tend to review a variety of information when choosing a school, the weight a student gives any one criterion will vary. For instance, it’s not enough to offer a carefully constructed ranking of great schools if many are too expensive or too difficult to get into.

To better serve the needs of prospective students, we are therefore increasingly offering
that help you better use our rankings to find the schools that match your specific needs. These supplement our ranking criteria and include:

  • Accreditation
  • Public or private status
  • Acceptance rate
  • Retention rate
  • Graduation rate
  • ACT/SAT requirements
  • Cost in-state / out of state
  • Undergrad, grad, or both offered
  • Region
  • State
  • City

Get the best rankings here AND get them to suit your personal needs. That’s advantage!

If you have any questions about our ranking methodology, please contact us.

Citations: For a broader account of our ranking methodology, especially as it relates to’s underlying educational philosophy and, in other ranking articles, looks beyond academic excellence (as here) to such factors as return on investment or incidental benefit, see our article “Ranking Methodology: How We Rank Schools at TBS.” Reputation of schools and degree programs can at least in part be gauged through the school or department’s publishing activity, citations, and desirability. At, we keep track of such social and peer validation: “Making Sense of College Rankings.” For nuts-and-bolts information about colleges and universities, we look to the National Center for Education Statistics and especially its College Navigator. Insofar as salary and inflation data are relevant to a ranking, we look to the Bureau of Labor Statistics. Finally, nothing beats contacting schools and degree programs directly, which our researchers often do, with the result that all the entries in this article should be considered as belonging to this citation!

Choosing an Online Master’s in Finance Program

Selecting an online program requires careful consideration of cost, curriculum, formatting, and any in-person requirements, and each prospective student has unique needs, goals, and priorities. Visit the link below to learn more about choosing the right online program for you.

What Can I Expect From an Online Master’s in Finance Program?

Finance master’s programs online focus on specialized concepts like financial accounting, financial marketing, corporate valuation, and risk management. Concentrations in areas like wealth management, investment baking, and corporate finance allow students to focus on the areas that align with their career goals.

Finance Concentrations

  • Wealth Management:
    This concentration prepares students to offer clients financial services, including portfolio management, asset management, mergers and acquisition assistances, estate planning, and investment management. Wealth managers work with corporations, small business owners, and individuals to develop strategies to meet financial goals.
  • Investment Banking:
    Investment bankers focus on the buying or selling side of financial services. Learners studying the sales side analyze how brokers and bankers trade and promote securities, including debit, equity, and derivatives. Those on the buying side delve into how hedge funds, asset managers, and investors look after private equity funds, unit trusts, mutual funds, and other capital.
  • Corporate Finance:
    This concentration teaches students to manage the financial well-being of corporations by generating compliant financial statements and evaluating long-term organizational health using data collection and models. For example, by selling assets to gain capital when needed, professionals in this field help achieve the goals of executives and board members

Finance Curriculum

  • Corporate Valuation:
    This course is about learning to add corporate value. Students work through the theory and application of organizational finance policy, budgeting, restructuring, and investment options. They also survey and use key valuation tools.
  • Negotiations:
    Prospective financial service employers frequently require that applicants have strong negotiation skills. This course fosters communication and interpersonal expertise by reviewing case studies and doing mock simulations. Learners analyze bargaining styles, mediation strategies, and ethical issues of negotiation across the dynamic structures of teams and coalitions.
  • Audit Institutions and Processes:
    Students in this course explore the concepts, risks, and procedures of the auditing process. Topics include professional ethics, the impacts of the Sarbanes-Oxley Act, corporate compliance, the role of a board of directors, liability, and fraudulent financial reporting.

What’s the Difference Between a Master’s in Finance and an MBA in Finance?

Both degrees provide the graduate education needed for lucrative professions in finance. However, a master’s in finance is a more specialized degree, whereas an MBA is more generalized.

A master’s in finance focuses entirely on the study of finance, delving into niche knowledge, skills, and approaches to success in finance professions. An MBA in finance has some specialized focus in finance while taking a broader approach that covers business administration, managerial practices, organizational management, and other related concepts.

Finance Careers

While graduates can begin many entry-level finance careers with an undergraduate degree, earning an online master’s in finance enables professionals to pursue advanced roles within their organizations.

In the list below, we explore three of the most popular fields in finance: accounting, financial examination, and compliance.


Median Salary: $71,550 Projected Job Growth: 6%

Prepare and examine financial records to maintain accuracy and ensure that taxes are paid in a timely manner. Accountants may work on behalf of a single organization or with multiple corporate, government, and individual clients. Common tasks include examining financial statements, preparing tax returns, and suggesting methods of cost reduction.

Most accountants need at least a bachelor’s degree in accounting, but some employers prefer applicants with a master’s degree. Pursuing certifications, such as certified public accountant, certified management accountant, or certified internal auditor, can improve job prospects. This career requires keen analytical, communication, and mathematics skills.

Financial Examiners

Median Salary: $81,090 Projected Job Growth: 7%

Work with banks and other financial institutions to ensure compliance with laws, evaluate risk level of loans, and assess bank management. Financial examiners often specialize in either risk assessment or consumer compliance. Common tasks include reviewing balance sheets and expense accounts, preparing detailed reports, and reviewing new government regulations.

Entry-level financial examiners typically hold a bachelor’s degree and receive on-the-job training. Advancement to senior positions often requires a master’s degree in accounting, business administration, or a related field. Financial examiners must be detail-oriented, with excellent analytical, mathematics, and writing skills.

Compliance Officers

Median Salary: $85,660 Projected Job Growth: 6%

Compliance officers examine, evaluate, and investigate an organization’s conformity with applicable laws and regulations. In finance, compliance officers also help assess risks and reduce financial crime. Common tasks include evaluating financial data, conducting investigations, and working with management to address issues.

Professionals can typically find work in this field with a bachelor’s degree and relevant experience. Employers may prefer or require certified anti-money laundering specialist or certified fraud examiner certification. Compliance officers working in finance must have keen analytical, mathematics, and computing skills.

Frequently Asked Questions About Master’s in Finance Degrees

How Long Does It Take to Complete a Master’s in Finance Program?

Full-time students can earn a finance master’s degree in 1-2 years. Part-time students may take longer to graduate.

What Can I Do With a Master’s in Finance?

This versatile degree allows graduates to pursue advanced careers in finance, insurance, business, and government, including leadership positions.

Is a Master’s in Finance Better Than an MBA?

MBAs offer broad curricula, covering finance, statistics, and management. A master’s in finance is best suited to students who want to focus narrowly on finance, investments, and risk management.

Is a Finance Degree Hard?

All college programs are difficult to some degree. Students may consider different components of a master’s degree easy or hard depending on their individual strengths and weaknesses.

Featured MBA Programs

Related Articles

Popular with our students.

Highly informative resources to keep your education journey on track.

Take the next step
toward your future with online learning.

Discover schools with the programs and courses you’re interested in, and start learning today.

woman in an office

Online Master’s Degree in Finance and Investment


Posted by:

Read:  Refinance Investment Property to Primary Residence