Masters in Finance Online Degree Programs for 2022

Masters Degree in Finance Career Options & Salary

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Why Earn a Master's in Finance?

If you’ve already earned a bachelors, an online master’s in finance is a great next step to help you earn top-dollar in your industry. You could also use this higher-level degree to help you move from one industry to another or as your first step into a secondary career in teaching. You could get into investment banking, earn a position at the top of a firm that already exists, start teaching in a business school, or start your own accounting firm. With a master’s, your previous limitations will cease to be an issue. Or, if you haven’t earned your bachelor’s yet, you could always enter a combined bachelor’s/master’s program and get a head start on your future career. Skip years of necessary experience by earning both degrees in less than the usual 6 years you’d need to earn them separately. These are all available in traditional and online classrooms. The choices are yours.


    Like everything else in the world, there are pros and cons to earning a degree, whether it's earned online, on campus, or in a hybrid program (with online and in-person learning). It’s always a good idea to take a look at your options before committing to anything. While the pros are nice to know about, your main concern should be with the cons, if you can’t get past one of them you may have to switch your goals. For instance, if you must have a certain grade point average and you don’t have anywhere near that score, you may need to rethink your educational plans.

    Some of the pros of earning a master’s degree in finance are:

  • Earn a higher salary than with a bachelor’s
  • Expand your job options
  • The ability to earn more certificates
  • Higher level of respect
  • Ability to earn a doctorate
  • Finance is one of the most popular degrees earned, and therefore, the industry will be more competitive. A master’s will help you earn your place.
  • You will be confident and prepared, with all the skills you need


    Another thing that’s great about being able to look at the pros and cons of things before signing up is that it gives you an idea of what you can expect, as well as what is required so that you can decide if the benefits outweigh the bad. For example, one of the pros is that you can expand your job options, but, as you’ll see, it also takes longer to earn a master’s than it does a bachelor’s. You’ll need to decide whether or not having more job options is worth your time. Of course, there won’t be many cons when it comes to earning any kind of online degree, since learning and increasing your education pretty much always pays off.

  • A lesser return on investment is possible
  • Takes longer to earn than a lower level degree
  • Earning a master’s in finance includes complex courses and a lot of focus

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What are the Best Online Master of Science in Finance (M.Fin.) Programs?


Harvard University

Harvard University is in Cambridge, Massachusetts and is one of the oldest institutions of higher education in the US. Founded in 1636, Harvard is one of the eight Ivy League universities within the United States. Harvard has an impressive and one of the highest retention rates of 97% and overall graduation rates of 98%. Some of the most popular programs at Harvard are architecture, biological sciences, business, education, health, public administration, and social sciences. The average salary according to Payscale for Harvard graduates is around $94,000 per year.

  • Net Price: $18,037
  • Retention Rate: 76%
  • Graduation Rate: 98%
  • Total Enrollment: 30,391
  • Undergrad Students: 8,527
  • Graduate Students: 21,864
  • Diplomas Awarded: 148
  • Grads Salary: $96,000
  • Student-to-faculty: 5:1
  • Harvard University

Johns Hopkins University

Johns Hopkins University is a private, not-for-profit university, located in Baltimore, Maryland. Johns Hopkins was founded in 1876. It’s located in a large city, where students can sightsee and visit plenty of interesting, off-campus locations. The campus itself is spacious and large - students can live in dorms and can choose to earn a certificate, bachelor's, master's, or doctoral degree. And, despite being located in a large city, the school offers a 6 to 1 student-to-faculty ration, and 97% and 94% retention rate and graduation rate, respectively.

  • Net Price: $25,241
  • Retention Rate: 97%
  • Graduation Rate: 94%
  • Total Enrollment: 28,890
  • Undergrad Students: 6,331
  • Graduate Students: 22,559
  • Diplomas Awarded: 547
  • Grads Salary: $89,000
  • Student-to-faculty: 6:1
  • Johns Hopkins University

Purdue University

Purdue is one of the top names in higher education, with their main campus located in West Lafayette, Indiana. The school is known as a pioneer in many ways, but their online platform, Purdue Global, is bringing their highly esteemed instruction to students far and wide. In-state tuition is $9,900 and out-of-state tuition is significantly higher at $28,700. It also has a high 82% graduation rate. Salaries are $77,200 on average for graduates and students can choose any degree from an associate's to doctoral level.

  • Net Price: $12,294
  • Retention Rate: 93%
  • Graduation Rate: 83%
  • Total Enrollment: 46,655
  • Undergrad Students: 35,706
  • Graduate Students: 10,949
  • Diplomas Awarded: 32
  • Grads Salary: $77,300
  • Student-to-faculty: 13:1
  • Purdue University

University of Maryland

The University of Maryland, located in College Park, MD is just outside of Washington, DC and is a renowned research university. With an enrollment of just over 41,000 and 14,000 faculty members, the university provides students with a vast array of academic and athletic opportunities. Of the 41,000 students, nearly 30,000 are enrolled in an undergraduate program, though the school offers degrees from the associate level up to the doctoral level.

  • Net Price: $17,643
  • Retention Rate: 95%
  • Graduation Rate: 87%
  • Total Enrollment: 40709
  • Undergrad Students: 30875
  • Graduate Students: 9834
  • Diplomas Awarded: 70
  • Grads Salary: $78,200
  • Student-to-faculty: 17:1
  • University of Maryland

Georgetown University

Georgetown University (GU) is an excellent educational institution and has been rated as one of the top schools in the entire country, founded in 1789, is located in the Washington D.C. area. Many graduates of Georgetown University go on to be very successful in government or law enforcement, serving the American public in many ways. Georgetown University provides high education learning at the bachelor’s, master’s and PhD degree levels for 40 majors. GU has a student population over 19,500 with an acceptance rate of 17% and an overall graduation rate of 94%.

  • Net Price: $30,710
  • Retention Rate: 94%
  • Graduation Rate: 94%
  • Total Enrollment: 19,371
  • Undergrad Students: 7,357
  • Graduate Students: 12,014
  • Diplomas Awarded: 104
  • Grads Salary: $83,000
  • Student-to-faculty: 11:1
  • Georgetown University

Stevens Institute of Technology

Stevens Institute of Technology is a private, not-for-profit university celebrating 150 years in education. The higher learning institution is home to over 3,400 undergraduates and a total of nearly 7,000 students and 300 faculty at all degree levels. At Stevens, students have the opportunity to work on teams of an interdisciplinary nature as a way to experience collaboration, innovation, project management, teamwork, passion, anticipation, and learning to work well with others. Students at Stevens will have access to entrepreneurship courses, as well as co-ops and internships. It is possible to complete bachelor’s degrees, master’s degrees, and PhDs.

  • Net Price: $40,303
  • Retention Rate: 93%
  • Graduation Rate: 88%
  • Total Enrollment: 7,257
  • Undergrad Students: 3,791
  • Graduate Students: 3,466
  • Diplomas Awarded: NA
  • Grads Salary: $89,800
  • Student-to-faculty: 12:1
  • Stevens Institute of Technology

Boston University

Boston University (BU) is one of the largest private, not-for-profit higher learning institutions in the US with more than 35,000 students and over 300 programs. Boston University is a public research university located in Boston, Massachusetts. It was established in 1839 by former Methodists with its first campus at Newbury, Vermont. As the name suggests, BU has been a part of the Christian education movement since its beginnings. this university has a retention rate of 94% and an overall graduation rate of 89%.

  • Net Price: $29,154
  • Retention Rate: 92%
  • Graduation Rate: 89%
  • Total Enrollment: 32,718
  • Undergrad Students: 16,872
  • Graduate Students: 15,846
  • Diplomas Awarded: 254
  • Grads Salary: $79,100
  • Student-to-faculty: 10:1
  • Boston University

Santa Clara University

Santa Clara University is located in the heart of innovation central, also known as Silicon Valley, with 5,520 undergraduate students and 8,642 in total when you include graduate students. The more than 300 days of sun each year likely helps contribute to the 94% retention rate along with a desirable 11 to 1 ratio of students to instructors. A large percentage of students select Santa Clara for the balance of social consciousness and technology innovation in all coursework. The goal of the university is to produce future leaders who think at a global scale with an entrepreneurial directive along with the encouragement of creativity, incorporation of technology, and engagement with various communities. Such accomplishments begin in the classroom in specialized degree programs including business analytics, psychology, sustainable engineering, theater, and more.

  • Net Price: $48,284
  • Retention Rate: 93%
  • Graduation Rate: 92%
  • Total Enrollment: 8,616
  • Undergrad Students: 5,608
  • Graduate Students: 3,008
  • Diplomas Awarded: 5
  • Grads Salary: $89,800
  • Student-to-faculty: 11:1
  • Santa Clara University

Indiana University-Bloomington

Indiana University-Bloomington is a four-year public college located in Bloomington, Indiana. IU was founded in 1820. Its Bloomington campus is the flagship institution, leading seven other campuses, as well as two regional centers. The school offers a (bachelor’s and master’s) degree in ________, though in-state students will have a leg up on tuition, which is $10,900 while out-of-state tuition is $36,500. Still, the school has a 79% graduation rate and graduate’s salaries are $68,600 on average. The campus and town offer lots of cultural events and are also close to a national forest and state park.

  • Net Price: $13,191
  • Retention Rate: 91%
  • Graduation Rate: 80%
  • Total Enrollment: 43,064
  • Undergrad Students: 32,986
  • Graduate Students: 10,078
  • Diplomas Awarded: NA
  • Grads Salary: $69,300
  • Student-to-faculty: 16:1
  • Indiana University-Bloomington

Northeastern University

As a new student to Northeastern University, you’ll be attending a large university and living in a large town; Boston is the capital and most populous city in Massachusetts. Northeastern University was founded in 1898 and has six satellite campuses as well. The student-to-faculty ratio is solid at 14 to 1, which is comfortable for both students and professors. The university is a private, not-for-profit focused on teaching its 22,000+ students everything they need to succeed.

  • Net Price: $37,738
  • Retention Rate: 97%
  • Graduation Rate: 90%
  • Total Enrollment: 22,905
  • Undergrad Students: 15,156
  • Graduate Students: 7,749
  • Diplomas Awarded: 40
  • Grads Salary: $78,800
  • Student-to-faculty: 14:1
  • Northeastern University
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Overview of an Online Master's in Finance

What Finance Master’s Degrees are Available?

  • Master of Business Administration (MBA) in Finance:
    Studying for an MBA will include core classes in finance, management, accounting, business law, and marketing. It will take one to two years of graduate training to obtain an MBA, which can qualify you for a chief executive position in finance.
  • Master of Finance:
    Also known as a Master of Science in Finance (MSF), this graduate degree is for those interested in the field of finance. Students will gain knowledge of financial methods, concepts, theories, and models that they can use in finance managing roles in a corporate environment.
  • Master in International Finance:
    Designed to give students the knowledge and skills to prepare them for global business dynamics, the Master’s degree in International Finance is a good stepping stone for someone who wants to study various aspects of international trade.
  • Master of Financial Analysis:
    This broad postgraduate program provides students with the skills and knowledge needed to conduct financial analysis for companies by evaluating a business’s budget, projects, and more. Students will get a broader and deeper exposure to finance to determine suitability and performance.
  • Master of Science in Financial Analysis and Investment Management (MS-FAIM):
    The MS-FAIM provides you with the qualitative and quantitative skills of analysis involved with quantitative techniques used in risk management, corporate financial analysis, investment portfolio management, and more.

Online Admission Requirements

Those who earn an online bachelor's degree in finance will find a wide range of opportunities available to them in public, private, and non-profit organizations. Earning an online master's degree in finance, or a Master in Business Administration (MBA) with a focus on finance, will give you an advantage in the finance industry.

The Prerequisites to getting a master’s finance degree are:

  • A Bachelor's Degree: Most finance master's degree programs require a bachelor's degree.
  • Some Professional Experience: Some master’s degree in finance programs require applicants to have from one to two years of professional experience.
  • Minimum GPA: Most graduate programs in finance require that students have, at a minimum, an undergraduate GPA of 3.0.
  • Even some online programs will require that you attend an in-person seminar or one or two courses on campus. While this may not be optimal for everyone looking to earn their degree online, it does allow for more netowrking than the usual online format alone.

How long does it take to earn an online Master’s Degree in Finance?

Depending on your level of previous education, your dedication to studying, and the program you take, a master’s degree in finance can take anywhere from one to six years to complete.

To earn your master’s online, you will first need to obtain a bachelor’s degree that provides entry-level opportunity and can take anywhere from two to four years to complete. Moreover, if you decide to study full-time then you may be able to earn your master’s in finance in as little as one year, as there are fast track or accelerated programs available from many online institutions. However, if you decide to study part-time while taking an online class, then it can take up to six years to earn your master’s in finance.

Potential Careers in Finance with a Master’s

  • Financial Analyst
    Median Salary - $61,400

    Financial analysts are responsible for using owners and shareholders earned income to create company wealth by:

    • Preparing monthly financial forecasts and financial budgets
    • Providing analysis support to many areas of the company
    • Assisting with the preparation of financial analysis schedules, including weekly, monthly, and quarterly
  • Chief Financial Officer
    Median Salary - $136,100

    The job duties of a Chief Financial Officer are to:

    • Prepare or direct the preparation of financial statements, financial position forecasts, regulatory agencies required reports, annual budgets, and business activity reports
    • Develop internal control procedures, policies, and guidelines for activities that include cash and credit management, budget administration, and accounting
    • Provide coordination and leadership in the business planning, administrative, and accounting and budgeting of the company
  • Financial Controller
    Median Salary - $84,700

    A Financial Controller is responsible for:

    • Maintaining and establishing internal controls that support the financial infrastructure
    • Ensuring that policies and procedures are compliant with state and federal standards as well as regulatory requirements
    • Overseeing financial reporting, accounting, preparation, and analysis of the consolidated financial statements, as well as tax compliance schedules
    • Presenting potential risk areas and financial reporting to senior management
  • Finance Manager
    Median Salary - $92,400

    Finance managers develop and observe financial forecasts and departmental budgets for their company by:

    • Assisting the operations team in monthly review operations
    • Identifying areas for operational improvements and cost reductions
    • Preparing informational analyses on actual performances and process budgets for the present time and for previous years
    • Providing analyses to the operations team
  • Finance Director
    Median Salary - $114,200

    Finance directors have a leadership position in general management. Their duties include hiring, scheduling, and carrying out performance evaluations. These directors typically lead a finance team in strategic planning in regard to the company's finances, which includes accounting duties, projections, and financial analyses.

    The finance director and their team will identify areas in need of improvement and identify mistakes and risks for their company before profits are reduced.

  • Director, Financial Planning & Analysis
    Median Salary - $129,600

    Financial Planning & Analysis Directors use knowledge of accounting and economics for:

    • Providing financial analysis to spur profitability and growth, while also improving business performance
    • Approving and reviewing the department budgets
    • Determining what course of action to take to mitigate financial risks
    • Performing risk evaluations and identifying the weaknesses of the company financial model and business plan

Options to Advance

To advance your career after obtaining your online master's degree you can earn an online PhD degree. Earning a doctorate in finance is the highest level of education you can get in the finance industry. Doctor in Philosophy (PhD) in finance or Doctor of Business Administration (DBA) programs emphasize research and independent study.

In addition, these programs give students an in-depth understanding of financial mathematics, professional management, investments, human resources, and statistics in financial markets, products, and corporate finance. Both degree levels open the doors to advanced employment opportunities with more lucrative earnings. Some job opportunities include:

  • College professors
  • Conducting research for scholarly publications
  • Business school instructors

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