Search programs
x
Compare MBA in Finance Programs

Most schools have rolling admissions and financial help so you can start your degree in a few weeks!

Compare MBA in Finance Programs

Most schools have rolling admissions and financial help so you can start your degree in a few weeks!

An online MBA in finance may be precisely what you need to succeed in this field. These programs prepare students for various coveted roles, including financial analyst, investment banker, and financial manager, offering salaries ranging from $99,890 to $156,100 annually. With flexible study options, these programs can be completed in as little as 18 months, allowing working professionals to balance their careers and education. While costs can vary depending on the institution, the average tuition for a graduate degree is $20,513 per year.

We interviewed Michelle Pickett, director of Northern Illinois University’s Academic Advising Center, for her insights on finding the right MBA program and aligning your degree with your career aspirations.

Why Trust Us

The Intelligent.com Higher Education Team is dedicated to providing students with independent, equitable school and program rankings and well-researched resources. Our expert-driven articles cover topics related to online colleges and programs, paying for school, and career outlooks. We use data from the U.S. Department of Education’s College Scorecard, the National Center for Education Statistics, and other reputable educational and professional organizations. Our academic advisory team reviews content and verifies accuracy throughout the year for the most current information. Partnerships do not influence rankings or editorial decisions.

  • Analyzed over 2,000 national, accredited, and nonprofit colleges and universities
  • 800+ rankings pages are reviewed and updated yearly
  • Content is informed by reputable sources, surveys, and interviews with academic advisors and other experts
  • Over 100 data points are reviewed for accuracy and quality throughout the year, including sources

How we rank schools

Our list features the best online MBA in Finance degree programs at top colleges nationwide. Each school featured is a nonprofit, accredited institution — either public or private — with a high standard of academic quality for post-secondary institutions.

We evaluated each school’s program on tuition costs, admission, retention and graduation rates, faculty, reputation, and the student resources provided for online students. We collected data from trusted sources like the National Center for Education Statistics, individual school and program websites, school admissions counselors, and other data sources. Then, we calculated the Intelligent Score on a scale of 0 to 100 based on the following criterion:

Academic Quality:

  • Admission rate versus enrollment rate
  • Retention rate of students who return after year one
  • Accreditation status (regional and programmatic)
  • Nonprofit status, both private and public institutions

Graduation Rate

  • Overall graduation rate
  • Total number of currently enrolled students, including diversity metrics
  • Student-to-faculty ratio

Cost and ROI

  • In-state and out-of-state per-credit tuition rates and fees
  • Required credits to graduate
  • Earning potential after graduation
  • Availability of federal student loans, scholarships, and other financial aid options

Student Resources

  • Available student services for online-only and hybrid programs
  • On-campus amenities like tutoring centers and the number of libraries

Read more about our ranking methodology.

Best 49 Online MBA in Finance Programs

Filters
Filters:
49 Results
Clear Filters
Sort by: Intelligent Score
#1
Chapel Hill, NC | 4 years | Online + Campus | Public

University of North Carolina at Chapel Hill

Intelligent Score: 99.66
Undergraduate Tuition

In-state: $7,019

Out-of-state: $34,198

Graduate Tuition

In-state: $10,552

Out-of-state: $10,552

Test scores

SAT: 1280-1490

ACT: 28-33

Retention Rate
95%
Admission Rate
25%
On-campus students
9%
Graduation Rate
91%
Students enrolled
30,000
Student to faculty ratio
13:01
Average Salary
$50k
Average Student Debt
$15k

ESTIMATED COST PER CREDIT

$2,025

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

62

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 888-986-2622

#2
College Station, TX | 4 years | Online + Campus | Public

Texas A&M International University

Intelligent Score: 98.74
Undergraduate Tuition

In-state: $8,395

Out-of-state: $36,849

Graduate Tuition

In-state: $6,775

Out-of-state: $6,775

Test scores

SAT: 1160-1380

ACT: 26-32

Retention Rate
94%
Admission Rate
63%
On-campus students
67%
Graduation Rate
83%
Students enrolled
70,000
Student to faculty ratio
19:01
Average Salary
$54k
Average Student Debt
$18k

ESTIMATED COST PER CREDIT

$367

DELIVERY FORMAT

Online

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

30

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 956-326-2001

#3
College Park, MD | 4 years | Online + Campus | Public

University of Maryland

Intelligent Score: 98.07
Undergraduate Tuition

In-state: $8,824

Out-of-state: $34,936

Graduate Tuition

In-state: $13,158

Out-of-state: $13,158

Test scores

SAT: 1270-1480

ACT: 30-34

Retention Rate
95%
Admission Rate
51%
On-campus students
7%
Graduation Rate
87%
Students enrolled
41,000
Student to faculty ratio
17:01
Average Salary
$50k
Average Student Debt
$20k

ESTIMATED COST PER CREDIT

$1,733

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

54-56

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 888-836-4735

#4
Villanova, PA | 4 years | Online + Campus | Private

Villanova University

Intelligent Score: 97.48
Undergraduate Tuition

In-state: $56,730

Out-of-state: $56,730

Graduate Tuition

In-state: $20,619

Out-of-state: $20,619

Test scores

SAT: 1320-1460

ACT: 30-33

Retention Rate
96%
Admission Rate
31%
On-campus students
5%
Graduation Rate
92%
Students enrolled
11,000
Student to faculty ratio
11:01
Average Salary
$65k
Average Student Debt
$26k

ESTIMATED COST PER CREDIT

$1,263

DELIVERY FORMAT

Online, On-Campus, Hybrid

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

48

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 610-519-4336

#5
Wellesley, MA | 4 years | Online + Campus | Private

Babson College

Intelligent Score: 96.55
Undergraduate Tuition

In-state: $54,144

Out-of-state: $54,144

Graduate Tuition

In-state: $89,550

Out-of-state: $89,550

Test scores

SAT: 1270-1450

ACT: 27-32

Retention Rate
92%
Admission Rate
27%
On-campus students
21%
Graduation Rate
95%
Students enrolled
3,000
Student to faculty ratio
14:01
Average Salary
$77k
Average Student Debt
$23k

ESTIMATED COST PER CREDIT

$1,990

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

45

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 800-488-4512

#6
University Park, PA | 4 years | Online + Campus | Public

PennState World Campus

Intelligent Score: 96.48
Undergraduate Tuition

In-state: $15,025

Out-of-state: $24,413

Graduate Tuition

In-state: $22,464

Out-of-state: $22,464

Test scores

SAT: 1070-1300

ACT: 24-29

Retention Rate
87%
Admission Rate
78%
On-campus students
6%
Graduation Rate
73%
Students enrolled
90,000
Student to faculty ratio
15:01
Average Salary
N/A
Average Student Debt
N/A

ESTIMATED COST PER CREDIT

$1,248

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

48

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 814-865-5403

#7
Newark, DE | 4 years | Online + Campus | Public

University of Delaware

Intelligent Score: 95.16
Undergraduate Tuition

In-state: $12,730

Out-of-state: $34,160

Graduate Tuition

In-state: $34,164

Out-of-state: $34,164

Test scores

SAT: 1150-1330

ACT: 25-30

Retention Rate
90%
Admission Rate
66%
On-campus students
4%
Graduation Rate
82%
Students enrolled
24,000
Student to faculty ratio
15:01
Average Salary
$48k
Average Student Debt
$25k

ESTIMATED COST PER CREDIT

$950

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

44

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 844-237-1338

#8
Chapel Hill, NC | 4 years | Online + Campus | Public

University of North Carolina Wilmington

Intelligent Score: 95.05
Undergraduate Tuition

In-state: $7,019

Out-of-state: $34,198

Graduate Tuition

In-state: $10,552

Out-of-state: $10,552

Test scores

SAT: 1280-1490

ACT: 28-33

Retention Rate
95%
Admission Rate
25%
On-campus students
9%
Graduation Rate
91%
Students enrolled
30,000
Student to faculty ratio
13:01
Average Salary
$50k
Average Student Debt
$15k

ESTIMATED COST PER CREDIT

$517

DELIVERY FORMAT

Online

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

36

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 910-962-2807

#9
Saint Louis, MO | 4 years | Online + Campus | Private

Webster University

Intelligent Score: 94.73
Undergraduate Tuition

In-state: $28,500

Out-of-state: $28,500

Graduate Tuition

In-state: $13,500

Out-of-state: $13,500

Test scores

SAT: 1078-1260

ACT: 20-27

Retention Rate
77%
Admission Rate
53%
On-campus students
41%
Graduation Rate
55%
Students enrolled
8,000
Student to faculty ratio
12:01
Average Salary
$38k
Average Student Debt
$23k

ESTIMATED COST PER CREDIT

$752

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Accreditation Council for Business Schools and Programs

REQUIRED CREDITS TO GRADUATE

39-45

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 314-246-7800

#10
Amherst, MA | 4 years | Online + Campus | Public

UMass Amherst

Intelligent Score: 94.15
Undergraduate Tuition

In-state: $15,791

Out-of-state: $35,779

Graduate Tuition

In-state: $14,014

Out-of-state: $14,014

Test scores

SAT: 1200-1390

ACT: 27-32

Retention Rate
89%
Admission Rate
65%
On-campus students
4%
Graduation Rate
83%
Students enrolled
32,000
Student to faculty ratio
17:01
Average Salary
$44k
Average Student Debt
$23k

ESTIMATED COST PER CREDIT

$925

DELIVERY FORMAT

Online, Hybrid

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

45

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 413-545-5608

#11
Gainesville, FL | 4 years | Online + Campus | Public

UF Warrington School of Business

Intelligent Score: 93.37
Undergraduate Tuition

In-state: $4,477

Out-of-state: $25,694

Graduate Tuition

In-state: $10,770

Out-of-state: $10,770

Test scores

SAT: 1290-1460

ACT: 29-33

Retention Rate
97%
Admission Rate
31%
On-campus students
8%
Graduation Rate
89%
Students enrolled
53,000
Student to faculty ratio
17:01
Average Salary
$48k
Average Student Debt
$16k

ESTIMATED COST PER CREDIT

$1,208 - $1,500

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

32-48

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 352-392-7992

#12
Syracuse, NY | 4 years | Online + Campus | Private

Syracuse University

Intelligent Score: 93.34
Undergraduate Tuition

In-state: $53,432

Out-of-state: $53,432

Graduate Tuition

In-state: $40,392

Out-of-state: $40,392

Test scores

SAT: N/A

ACT: N/A

Retention Rate
89%
Admission Rate
69%
On-campus students
85%
Graduation Rate
83%
Students enrolled
21,000
Student to faculty ratio
15:01
Average Salary
$49k
Average Student Debt
$27k

ESTIMATED COST PER CREDIT

$1,872

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

54

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 844-797-4622

#13
Austin, TX | 4 years | Online + Campus | Public

The University of Texas Rio Grande Valley

Intelligent Score: 92.71
Undergraduate Tuition

In-state: $11,448

Out-of-state: $40,032

Graduate Tuition

In-state: $12,028

Out-of-state: $12,028

Test scores

SAT: 1210-1470

ACT: 26-33

Retention Rate
97%
Admission Rate
32%
On-campus students
8%
Graduation Rate
88%
Students enrolled
50,000
Student to faculty ratio
17:01
Average Salary
$52k
Average Student Debt
$20k

ESTIMATED COST PER CREDIT

$472

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

36

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 833-887-4842

#14
Bethlehem, PA | 4 years | Online + Campus | Private

Lehigh University

Intelligent Score: 92.05
Undergraduate Tuition

In-state: $54,790

Out-of-state: $54,790

Graduate Tuition

In-state: $27,000

Out-of-state: $27,000

Test scores

SAT: 1260-1433

ACT: 29-33

Retention Rate
91%
Admission Rate
50%
On-campus students
94%
Graduation Rate
88%
Students enrolled
7,000
Student to faculty ratio
9:01
Average Salary
$67k
Average Student Debt
$23k

ESTIMATED COST PER CREDIT

$1,295

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

36

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 610-758-4450

#15
Saint Paul, MN | 4 years | Online + Campus | Private

Bethel University

Intelligent Score: 91.65
Undergraduate Tuition

In-state: $38,870

Out-of-state: $38,870

Graduate Tuition

In-state: $11,700

Out-of-state: $11,700

Test scores

SAT: 1040-1338

ACT: 21-28

Retention Rate
85%
Admission Rate
87%
On-campus students
29%
Graduation Rate
74%
Students enrolled
4,000
Student to faculty ratio
12:01
Average Salary
$46k
Average Student Debt
$22k

ESTIMATED COST PER CREDIT

$665

DELIVERY FORMAT

Online, On-Campus, Hybrid

ACCREDITATION

Accreditation Council for Business Schools and Programs

REQUIRED CREDITS TO GRADUATE

42

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 651-635-8000

#16
Baltimore, MD | 4 years | Online + Campus | Private

Johns Hopkins University

Intelligent Score: 91.28
Undergraduate Tuition

In-state: $54,160

Out-of-state: $54,160

Graduate Tuition

In-state: $57,010

Out-of-state: $57,010

Test scores

SAT: 1470-1560

ACT: 34-36

Retention Rate
97%
Admission Rate
11%
On-campus students
12%
Graduation Rate
94%
Students enrolled
29,000
Student to faculty ratio
6:01
Average Salary
$68k
Average Student Debt
$16k

ESTIMATED COST PER CREDIT

$1,800

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

54

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 410-234-9220

#17
Tucson, AZ | 4 years | Online + Campus | Public

University of Arizona

Intelligent Score: 91.18
Undergraduate Tuition

In-state: $10,990

Out-of-state: $33,273

Graduate Tuition

In-state: $11,938

Out-of-state: $11,938

Test scores

SAT: 1090-1350

ACT: 21-29

Retention Rate
85%
Admission Rate
85%
On-campus students
44%
Graduation Rate
65%
Students enrolled
46,000
Student to faculty ratio
15:01
Average Salary
$42k
Average Student Debt
$20k

ESTIMATED COST PER CREDIT

$1,250

DELIVERY FORMAT

Online

ACCREDITATION

Association to Advance Collegiate Schools of Business

REQUIRED CREDITS TO GRADUATE

45

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 520-621-3420

#18
Hays, KS | 4 years | Online + Campus | Public

Fort Hays State University

Intelligent Score: 90.79
Undergraduate Tuition

In-state: $4,140

Out-of-state: $14,580

Graduate Tuition

In-state: $3,726

Out-of-state: $3,726

Test scores

SAT: N/A

ACT: N/A

Retention Rate
78%
Admission Rate
91%
On-campus students
43%
Graduation Rate
46%
Students enrolled
15,000
Student to faculty ratio
19:01
Average Salary
$37k
Average Student Debt
$20k

ESTIMATED COST PER CREDIT

$374

DELIVERY FORMAT

Online, On-Campus

ACCREDITATION

Higher Learning Commission

REQUIRED CREDITS TO GRADUATE

33

MORE PROGRAM INFORMATION

Email: [email protected]

Phone: 785-628-5339

Load More

How To Choose an Online MBA in Finance Degree Program

Choose your area of study

Many programs will allow you to select a concentration and focus your studies on a particular niche in this field. So, consider your career goals and strengths within the realm of finance when choosing your program.

For example, students with an analytical mindset may be well-suited for a concentration in investment analysis, while natural leaders will thrive in financial management. Research the specializations offered within MBA programs and consider the courses and curriculum content.

Additionally, seek advice from professionals already working in your field of interest to gain insights into the industry’s future trends and potential opportunities. This can highlight a specialization you are an excellent fit for but have yet to consider. “Researching the growth opportunities for a career is important and helps individuals understand the full scope and opportunities for an area they are interested in pursuing,” says Pickett. “Understanding this information is just one factor individuals can use to make a well-informed decision about their career path.”

Research schools and programs

Once you’ve chosen your area of specialization, conducting thorough research on schools and programs is crucial to finding the best institution for your needs. Start by identifying reputable universities and business schools offering an online finance MBA in your chosen specialization. You should also look into each option’s faculty and the services provided to online students.

Only apply to institutions that have been approved by a DOE-recognized regional accrediting organization, such as the New England Commission of Higher Education or Northwest Commission on Colleges and Universities. These organizations evaluate schools to ensure they provide students with a high-quality education. Those who attend a school that isn’t regionally accredited may be unable to access financial aid or transfer credits to another institution if needed.

Ideally, your MBA in finance program will also be accredited by a respected industry group like the Association for the Advancement of Collegiate Schools of Business (AACSB) or the Accreditation Council for Business Schools and Programs (ACBSP). These programmatic accrediting organizations have particularly high standards for business education.

To learn more about any schools that you’re interested in, Pickett recommends the following:

  • Check out the school’s admissions website
  • Take a virtual tour
  • Browse the school’s course catalog
  • Visit the webpage of the academic department you are interested in
  • Research the school’s support services for students
  • Explore their housing and dining options
  • Learn about their financial aid options

Prepare for tests and applications

To effectively prepare for tests and applications, consider following these critical strategies. First, familiarize yourself with the test format, such as the GMAT or GRE, and create a study schedule that allows for regular practice. Utilize official study materials and practice exams to proactively identify your strengths and weaknesses. Some students benefit from enrolling in test preparation courses or working with a tutor to receive personalized guidance. It’s worth noting there are many online MBA programs that don’t require GMAT scores, though.

Application requirements vary by school and program. Undergraduate transcripts are typically required, and you may also need to submit letters of recommendation and a personal statement. Always contact an admissions counselor to ensure you have the most accurate information regarding requirements and deadlines.

Select your program

Before making your final decision, review your needs and goals again. Do you plan to attend school full-time or part-time? Do you want your program to be as online as possible, or are you fine with a hybrid program that has a fair amount of in-person requirements? Some programs offer asynchronous courses, which can be completed at your own pace, while others only offer synchronous courses, which involve remotely attending lectures and completing assignments at the same time as other students — which of these two online learning formats do you prefer? Your school should accommodate your scheduling needs and learning preferences.

Determine how you’ll pay for your degree

Be sure to speak to financial aid counselors at the schools you’re interested in for the most accurate and specific information about program cost. While paying for an online MBA can initially feel overwhelming, many resources are available to help alleviate the financial burden of pursuing this advanced degree.

Explore financial aid options, including federal student aid, by completing the Free Application for Federal Student Aid (FAFSA). Check with your institution to see what scholarships they offer specific to your MBA program or related to finance. Additionally, scholarship and grant options may be available from professional organizations and private foundations. Some students can balance part-time work to help finance their education, and many MBA students utilize employer tuition reimbursement programs as a funding source.

What Can You Expect From an Online MBA in Finance Degree Program?

An online MBA in finance provides a well-rounded education designed to equip you with the necessary knowledge and expertise to succeed in the finance industry. Coursework covers financial analysis, investment management, corporate finance, risk management, and financial strategy. Students learn to analyze financial statements, evaluate investment opportunities, assess financial risks, and make strategic financial decisions.

Earning an online degree offers a certain degree of flexibility that makes it possible for working professionals to balance their education with other responsibilities, and an online MBA in finance is no exception. “The online experience is more individual and personalized,” says Pickett. “Students considering enrolling in an online college should ensure that they’re focused and motivated and can practice good time management and self-discipline skills, especially for self-paced programs.”

In an online learning environment, students engage in virtual collaborations, group projects, and discussions with classmates and faculty. Additionally, some programs may offer networking events, guest lectures, or virtual workshops to enhance the learning experience and foster connections with industry professionals. Most full-time students can complete all of the degree requirements in 18 months to two years, but some accelerated options may enable students to finish in less time.

Potential courses you’ll take in an online MBA in finance program

  • Corporate Finance: A popular core course for finance majors, this class explores the financial decisions made within corporations, including capital budgeting, capital structure, dividend policy, and working capital management. Students learn to evaluate investment projects, optimize capital structure, and assess the financial impact of various decisions on the firm’s value.
  • Managerial Accounting: Another standard course for finance majors, managerial accounting teaches students how to use accounting information for internal decision-making and planning. Students learn about cost concepts, budgeting, cost-volume-profit analysis, and performance measurement.
  • Strategic Financial Management: Also known as “Corporate Financial Strategy,” this class is typically offered as an elective. Students focus on the financial aspects of strategic decision-making within organizations while learning how financial considerations shape corporate strategy.
  • Global Financing and Emerging Markets: Another popular elective in finance curricula, this class focuses on the complexities of international finance and the unique challenges and opportunities presented by emerging markets. Students study foreign exchange markets, international capital budgeting, and global investment strategies.
  • Mergers and Acquisitions: While mergers and acquisitions can be offered as a topic in financial strategy courses, some institutions offer this course as its own class. Students learn the fundamental concepts and strategies involved in corporate mergers, acquisitions, and divestitures. They study valuation methods, deal structuring, negotiation tactics, and post-merger integration.

What Can You Do With an Online MBA in Finance?

Career outlook

Although banking may be the first industry that comes to mind when you think of finance, your online MBA in finance prepares you for positions in just about any field in business and industry, as well as the nonprofit world.

Here are some common career paths you might follow:

  • Top executive — Coordinate the work of an organization by establishing goals, overseeing activities, and appointing department heads and managers.
    • Median annual salary: $103,840
    • Projected employment growth (through 2032): 3%
    • New job openings projected: 311,600 annually
  • Financial manager — Maintain the financial health of an organization by directing investment activities and developing plans for meeting long-term financial goals.
    • Median annual salary: $156,100
    • Projected employment growth (through 2032): 16%
    • New job openings projected: 69,600 annually
  • Financial analyst — Evaluate investment opportunities, assess the financial health of businesses, and provide recommendations for optimal financial strategies.
    • Median annual salary: $99,890
    • Projected employment growth (through 2032): 8%
    • New job openings projected: 27,400 annually

Online MBA in Finance Degree Frequently Asked Questions

How do I apply to an online MBA in finance degree program?

Applying to online MBA programs can be intimidating, but many institutions have similar application requirements. Access the online application form by visiting the program’s official website. Check to ensure you meet the program’s admission requirements, which typically include a bachelor’s degree, minimum GPA, and work experience. Then, prepare the necessary materials, including transcripts, letters of recommendation, a statement of purpose, and GMAT or GRE test scores. Don’t hesitate to reach out to an admissions counselor when in doubt. They can lend valuable insights into the admissions process, clarify any uncertainties, and ensure you meet all requirements before you apply.

How much does an online MBA in finance degree cost?

Programs on the more affordable side of the spectrum see an average cost of $302.80 per credit hour, which is relatively inexpensive. However, these degrees can quickly become pricey, with some schools reaching $70,000 or higher per year. It’s also important to consider the additional costs of an online degree, such as technology fees, textbooks, and course materials.

While online programs may save on expenses like commuting and accommodation, they may have other costs, such as online platform fees or residency requirements. On the other hand, in-person programs may have higher tuition due to on-campus facilities and resources. Therefore, it’s crucial to research and consider all associated costs before committing to an online MBA degree program.

How long does it take to earn an online MBA in finance degree?

On average, an online MBA in finance can be completed in 18 months to three years. Many online programs offer more flexibility than their on-campus counterparts, allowing students to complete degree requirements independently. However, if a student chooses to enroll part-time, the program will typically take longer to complete. The total number of required credits also impacts this timeline, with many programs requiring a range of 36 to 60 credit hours to graduate.

Is an online MBA in finance worth it?

Although many entry-level positions in finance are available to those with a bachelor’s degree in business or finance, an MBA in finance can open the door to higher-level positions, sometimes as part of an organization’s leadership team.

Many positions in the finance world are growing faster than average, making the field a good choice for individuals who want to enter or advance in a growing profession. The need for personal financial advisors, for example, is expected to grow by 15%, much faster than average, according to the BLS. That would mean that positions would be available for 50,900 trained financial advisors by 2031.

Earning your degree online can be a solid choice for many students — it increases the number of institutions available to study at and may offer financial savings. There is little stigma around earning a degree online — instead, it shows potential employers that you are self-motivated and organized, with excellent time management skills.