Sarah Johnson
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While earning an online MBA, many students choose to specialize, with finance being a popular option. An online MBA in finance mirrors a standard MBA but places a greater emphasis on finance, investing, accounting, and related subjects. Graduates assume leadership roles, from financial managers to chief financial officers. This page explores reasons to pursue an online MBA in finance, offering insights into the curriculum and what prospective students can anticipate while enrolling in a finance-focused online MBA program.

online MBA in finance

Table Of Contents

Featured Online Programs

Southern New Hampshire University

PROGRAM: Online MBA in Finance

Southern New Hampshire University is a private, nonprofit, accredited institution with more than 3,000 on-campus students and over 60,000 online students, making us one of the fastest-growing universities in the country. Founded in 1932, we’ve been relentlessly reinventing higher education ever since and have gained national recognition for our dedication to helping students transform their lives and the lives of those around them.

We’re proud to provide affordable, accessible education that students can pursue on our 300-acre campus in Manchester, NH, over our innovative online platform or at our regional centers in Manchester, Nashua, Portsmouth and Salem, NH, and Brunswick, ME.

SNHU has earned the GetEducated.com Best Buy and Best of Business – Best Online Degree awards and is consistently ranked as a top Military Friendly® School by G.I Jobs®.

Best Online MBA Finance Programs

To list the MBA in Finance program rankings, OMC used a unique methodology that factored curriculum quality, cost, and relevance to specialized areas. Integral considerations included faculty expertise, institutional resources, research facilities, career prospects, communication, networking opportunities, program structure, and graduation rate. The OMC team conducted meticulous research, analysis, and surveys to ensure the rankings’ objectivity and accuracy. Here is the list of the best online MBA in finance programs:

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College Name & AddressTuitionGraduation Rate
#1
Fort Hays State University
600 Park St, Hays, Kansas 67601
$3,58243%
#2
Southeastern Oklahoma State University
425 W University Blvd, Durant, Oklahoma 74701
$4,71635%
#3
New Mexico Highlands University
803 University Ave, Las Vegas, New Mexico 87701
$5,11222%
#4
Missouri State University
901 S National Avenue, Springfield, Missouri 65897
$5,20278%
#5
The University of Texas Rio Grande Valley
1201 W University Dr, Edinburg, Texas 78539
$5,95946%
#6
Culver-Stockton College
One College Hill, Canton, Missouri 63435
$6,00052%
#7
Park University
8700 NW River Park Dr, Parkville, Missouri 64152
$6,01262%
#8
California State University-Stanislaus
One University Circle, Turlock, California 95382
$7,17683%
#9
Charleston Southern University
9200 University Blvd, Charleston, South Carolina 29406
$7,50065%
#10
University of Kansas
Administration Bldg 425, Fayetteville, Arkansas 72701
$7,75266%
#11
Spring Arbor University
106 E. Main St, Spring Arbor, Michigan 49283
$7,88678%
#12
University of Houston
212 E. Cullen Building, Houston, Texas 77204
$8.37061%
#13
Wilmington University
320 Dupont Hwy, New Castle, Delaware 19720
$8,78421%
#14
Touro University Worldwide
10601 Calle Lee #179, Los Alamitos, California 90720
$9,000100%
#15
Gardner-Webb University
Main St, Boiling Springs, North Carolina 28017
$9,00056%
#16
North Carolina State University
2101 Hillsborough Street, Raleigh, North Carolina 27695
$9,09582%
#17
University of North Carolina
103 South Bldg Cb 9100, Chapel Hill, North Carolina 27599
$10,55291%
#18
Ohio Christian University
1476 Lancaster Pike, Circleville, Ohio 43113
$10,76532%
#19
University of Florida
Tigert Hall, Gainesville, Florida 32611
$10,77088%
#20
University of Alabama
739 University Blvd, Tuscaloosa, Alabama 35487
$10,78071%
#21
University of Saint Mary
4100 S 4th St, Leavenworth, Kansas 66048
$11,12452%
#22
University of Colorado
Regent Drive at Broadway, Boulder, Colorado 80309
$11,82669%
#23
Johnson & Wales University
8 Abbott Park Pl, Providence, RI 02903
$13,73465%
#24
Regis University
3333 Regis Blvd, Denver, Colorado 80221
$14,44164%
#25
University of North Dakota
264 Centennial Drive, Stop 8193, Grand Forks, North Dakota 58202 $10,534
$10,53461%

Most Affordable Online MBA Finance Programs Online

In curating a list of affordable  MBA in finance programs, the OMC team prioritized crucial aspects for students. This included evaluating tuition costs (for both in-state and out-of-state students), year-round availability of online classes, school accreditation, scholarships, grants, and other key factors. Given the rising yearly tuition fees, special attention was given to students facing financial challenges in compiling this list. Balancing affordability and overall quality is vital when seeking the best MBA in Finance program. Explore the convenience of cost-effectiveness and quality in a carefully chosen array of online MBA in finance programs:

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College Name & AddressTuitionGraduation Rate
#1
Fort Hays State University
600 Park St, Hays, Kansas 67601
$3,58243%
#2
Southeastern Oklahoma State University
425 W University Blvd, Durant, Oklahoma 74701-
$4,71635%
#3
New Mexico Highlands University
803 University Ave, Las Vegas, New Mexico 87701
$5,11222%
#4
Missouri State University
901 S National Avenue, Springfield, Missouri 65897
$5,20278%
#5
The University of Texas Rio Grande Valley
1201 W University Dr, Edinburg, Texas 78539
$5,95946%
#6
Culver-Stockton College
One College Hill, Canton, Missouri 63435
$6,00052%
#7
Park University
8700 NW River Park Dr, Parkville, Missouri 64152
$6,01262%
#8
California State University-Stanislaus
One University Circle, Turlock, California 95382
$7,17683%
#9
Charleston Southern University
9200 University Blvd, Charleston, South Carolina 29406
$7,50065%
#10
University of Kansas
Administration Bldg 425, Fayetteville, Arkansas 72701
$7,75266%
#11
Spring Arbor University
106 E. Main St, Spring Arbor, Michigan 49283
$7,88678%
#12
University of Houston
212 E. Cullen Building, Houston, Texas 77204
$8.37061%
#13
Wilmington University
320 Dupont Hwy, New Castle, Delaware 19720
$8,78421%
#14
Touro University Worldwide
10601 Calle Lee #179, Los Alamitos, California 90720
$9,000100%
#15
Gardner-Webb University
Main St, Boiling Springs, North Carolina 28017
$9,00056%
#16
North Carolina State University
2101 Hillsborough Street, Raleigh, North Carolina 27695
$9,09582%
#17
University of North Carolina
103 South Bldg Cb 9100, Chapel Hill, North Carolina 27599
$10,55291%
#18
Ohio Christian University
1476 Lancaster Pike, Circleville, Ohio 43113
$10,76532%
#19
University of Florida
Tigert Hall, Gainesville, Florida 32611
$10,77088%
#20
University of Alabama
739 University Blvd, Tuscaloosa, Alabama 35487
$10,78071%
#21
University of Saint Mary
4100 S 4th St, Leavenworth, Kansas 66048
$11,12452%
#22
University of Colorado
Regent Drive at Broadway, Boulder, Colorado 80309
$11,82669%
#23
Johnson & Wales University
8 Abbott Park Pl, Providence, RI 02903
$13,73465%
#24
Regis University
3333 Regis Blvd, Denver, Colorado 80221
$14,44164%
#25
University of North Dakota
264 Centennial Drive, Stop 8193, Grand Forks, North Dakota 58202 $10,534
$10,53461%

Understanding an Online MBA Finance Program

An online MBA in finance combines the traditional MBA curriculum and explores advanced financial concepts, equipping students with strategic financial management skills. Coursework covers areas such as investment analysis, risk management, financial markets, and corporate finance. Students deeply understand financial systems, quantitative analysis, and decision-making. The flexibility of online programs allows professionals to balance studies with work commitments, fostering a comprehensive grasp of financial principles applicable in diverse business settings.

Curriculum for an Online MBA in Finance Program

The online MBA in Finance program curriculum is designed to develop advanced financial expertise. Emphasizing strategic financial management, risk assessment, and decision-making, the program equips students with a comprehensive understanding of financial systems. The flexible online format facilitates professional engagement, offering a robust foundation for navigating complex financial landscapes in diverse business environments. Here are some courses students will encounter in an online MBA in Finance degree.

Corporate Finance Management

This course explores financial decision-making within organizations, covering areas such as capital structure, risk assessment, and financial strategy. Students gain practical insights into managing corporate finances, enhancing their ability to contribute effectively to financial planning and decision processes within business settings.

Marketing and Strategy

This course examines the intersection of financial principles with strategic marketing. It explores aligning financial goals with marketing strategies, equipping students to navigate the dynamic landscape of financial decision-making within the broader context of organizational strategy and market dynamics.

Ethics and Social Responsibility 

This course addresses ethical considerations in financial decision-making, emphasizing responsible financial practices. Students explore the integration of ethical principles, social responsibility, and financial management, fostering a comprehensive understanding of the ethical dimensions within the finance domain.

Interest Rates and Financial Markets

This course helps students examine the dynamics of interest rates, their impact on financial markets, and their implications for decision-making. Students gain insights into market trends, monetary policy, and the role of interest rates in shaping financial landscapes.

International Finance

This course explores global financial systems, exchange rates, and cross-border financial management. Students gain insights into navigating the complexities of international financial markets, enabling them to make strategic financial decisions in a global business environment.

Skills Gained in an Online MBA in Finance Program

MBA in finance graduates become leaders in the workplace. To function at a high level, graduates learn skills while completing an MBA. Students obtain these skills through lectures, coursework, collaboration, and sometimes internships. Some skills students obtain during an online MBA in finance include: 

  • Analytics: Many positions that graduates earn after completing their MBA require significant analysis of data and information. Students develop analytical skills through meticulous practice during courses. 
  • Decision Making: Whether leading a team or determining the best positions for a portfolio, MBA in finance graduates must make critical decisions. Class projects and internships help develop decision-making skills. 
  • Communication: Finance professionals regularly communicate with clients, coworkers, and other financial professionals. Expect to develop these skills through group projects. 
  • Mathematics: While not required for all career outcomes, many finance professionals use mathematics to determine the risk of assets, analyze financial statements, and find effective investment strategies. 
  • Attention to Detail: Many financial experts work with reports and complex portfolios. Graduates learn to pay special attention to important documents and decisions, ensuring no mistakes are made.

Degree Types

An online MBA in Finance is designed to provide students with advanced financial management skills, strategic decision-making abilities, and a comprehensive understanding of financial systems. Parallel to a traditional MBA, it covers core business disciplines with a distinct emphasis on financial concepts. Students acquire managerial and financial proficiency, readying them for leadership positions in finance, investment banking, corporate finance, and related fields. Graduates possess the skills to make strategic financial decisions and contribute to organizational success. The program is almost similar to on-campus counterparts but offers the flexibility crucial for working professionals, ensuring a dynamic and applicable learning experience.

MBA in Finance vs. MS in Finance

An MBA in Finance combines financial expertise with broader business acumen, emphasizing leadership and strategic decision-making. In contrast, an MS in Finance offers specialized, in-depth knowledge in finance, particularly suitable for those seeking technical proficiency in financial analysis and management. Both paths cater to distinct career goals, with the MBA offering a holistic business perspective and the MS providing specialized financial skills.

Common Specializations for an Online MBA in Finance

Some schools allow students to specialize in their online MBA in finance, leading to niche positions in high-paying industries. Pursuing one of these focuses could lead to a specific job outcome.

Area of FocusDescriptionCareers This Concentration Prepares For
Banking and FinanceThis specialization explores the complexities of financial institutions, risk management, and investment strategies. This specialized track equips students with the expertise required for roles in banking, financial services, and investment management, providing a comprehensive understanding of the dynamic financial landscape.Financial managers, Banking managers, and Financial consultants
Corporate FinanceThis specialization focuses on financial decision-making within organizations. It covers areas such as capital structure, risk management, and financial strategy, equipping students with the skills needed for key roles in financial management, treasury, and strategic planning within corporate settings.Financial analysts, Real estate investors, and Financial consultants.
Finance and AccountingThis specialization comprehensively explores financial management, accounting principles, and financial reporting. Students gain dual proficiency, preparing them for financial leadership, auditing, and strategic financial decision-making roles in diverse organizational settings.Financial analysts, Finance operations directors, and Directors of Accounting
International FinanceThis specialization explores global financial systems, exchange rates, and cross-border financial management. Students gain insights into navigating the complexities of international financial markets, preparing for roles requiring expertise in managing finances on a global scale.Finance managers, Director of Finance, and Investment managers

Graduation Timeline for an MBA in Finance

The graduation timeline for an MBA in Finance varies based on enrollment status. For full-time students, completion typically ranges from 18 to 24 months. Part-time students, balancing studies with work commitments, often complete the program in 24 to 36 months, providing flexibility for professionals to advance their careers while earning their degrees.

Accelerated Online MBA Finance Programs

Accelerated MBA in Finance programs provide a rapid path to advanced financial expertise, catering to professionals seeking swift career growth. Students benefit from shorter timelines, retaining the quality of a traditional program. Researching these programs is crucial, considering accreditation, faculty expertise, and graduation outcomes to ensure alignment with career goals. Choosing the right accelerated MBA ensures a focused, efficient, and impactful educational journey. Here are examples of colleges that offer accelerated MBA in Finance online programs:

Murray State University1

University of Miami2

Online MBA Finance Admission Requirements

Each college and university sets its own online MBA in finance admission requirements. However, most accredited online schools use many of the same criteria, including the following:

  • GMAT: Many online MBA programs require applicants to submit GMAT test scores. Created specifically for graduate-level business programs, applicants who submit scores often must earn a minimum score. 
  • Bachelor’s Degree: All MBA concentrations cover graduate-level concepts, so applicants must earn a bachelor’s degree before starting the program. While preferred, students are not always required to complete their bachelor’s degree in business. 
  • Professional Experience: Some top MBA in finance programs prioritize candidates with 1-2 years of relevant business experience. Regardless of requirements, gaining professional experience enhances the application.
  • Letters of Recommendation: Online MBA programs often require applicants to submit 2-3 letters of recommendation. Schools use letters of recommendation to determine whether the applicant is a good fit for the program. 
  • Résumé:  Demonstrates academic and professional achievements. Some schools may request to assess one’s qualifications and experiences.
  • Statement of Purpose: Communicates applicant’s career objectives, leadership skills, and reasons for pursuing an MBA, highlighting their suitability for the program and contributions to the academic community.
  • Official Transcripts: Every online MBA in finance requires applicants to submit official transcripts. If students attended more than one school to complete their bachelor’s degree, they must send in transcripts from each school they attended. 

Online MBA Finance No GMAT Programs

GMAT, a common requirement for MBA admissions, assesses analytical, quantitative, and verbal skills. Some universities may waive the GMAT requirement based on factors like professional experience, prior academic achievements, or other standardized test scores. Applicants should review specific admission criteria, as policies vary among institutions. Waivers aim to provide flexibility for qualified candidates, recognizing diverse pathways to success in MBA programs.

Accredited Programs

Accredited MBA in Finance programs ensure adherence to quality standards, benefiting students with a rigorous curriculum, experienced faculty, and industry recognition. Accreditation guarantees program credibility, and eligibility for financial aid and enhances graduates’ marketability. Researching and choosing programs accredited by recognized bodies assures students of a valuable and respected education, aligning with industry standards. There are three main accrediting bodies for business programs in the United States:

  1. AACSB International (Association to Advance Collegiate Schools of Business)3
  2. ACBSP (Accreditation Council for Business Schools and Programs)4
  3. IACBE (International Accreditation Council for Business Education)5

Universities can also be accredited nationally or by one of six regional accrediting agencies:

Free Online MBA Finance Courses

How to Pay for an MBA in Finance Degree

Scholarships

Grants

Graduate Assistantships

Fellowships

Scholarships for Online MBA in Finance Students

Ritchie-Jennings Memorial Scholarship9

Only full-time students currently enrolled in a program may apply. Applicants must be pursuing a degree related to business administration or finance and should plan on beginning a career in fraud examination.  

Award/Amount: $2,000 – $10,000

Deadline: Varies

Forte MBA Fellowship10

Created for women, the Forte MBA Fellowship works more like a scholarship, awarding hard-working women with funds to help finance their MBA. Applicants must be studying full-time.

Award/ Amount: Varies

Deadline: Varies

Military MBA Scholarship11

Only U.S. residents who served in the military and earned bachelor’s degrees can apply for this scholarship. Applicants must submit official transcripts and two letters of recommendation, one of which must come from a supervising officer.

Award/Amount: Varies

Deadline: Varies

Career and Salary Outlook for Online Finance MBA Graduates

OccupationMedian Annual SalaryJob Growth (2022-2032)Job Description
Personal Financial Advisor12$95,39013% (much faster than average)Personal financial advisors work with individuals to plan taxes, create savings strategies, and discuss short and long-term financial goals. Most work with large securities companies, though some enjoy self-employment. 
Financial Analyst13
$96,220
8%(faster than average)A financial analyst examines financial statements and investments to evaluate portfolio strength and risk. Financial analysts work either on the buy-side, who buy investments, or sell-side, who sell investments. 
Financial Manager14$139,79016% (much faster than average)Financial managers monitor a business’s financial health. These professionals prepare financial statements, create financial forecasts, and find new ways to reduce expenditures. 
Budget Analysts15$82,2603%(as fast as average)Both public and private organizations employ budget analysts to examine budget proposals and oversee institutional spending, ensuring alignment with budgetary constraints and requirements.

Certifications and Licensing for MBA in Finance Graduates

Certifications and licensing are not typically mandatory for graduates with an MBA in Finance. However, earning certifications enhances the expertise and credibility of MBA in Finance graduates, unlocking advanced career opportunities and showcasing a commitment to excellence. These certifications contribute to higher salaries, promotions, and job security, benefiting both individuals and employers. Here are a few certifications that MBA in Finance graduates can consider:

Certified Public Accountant (CPA) Certification16

The Certified Public Accountant (CPA) certification is a prestigious designation in the accounting profession, indicating proficiency in accounting, auditing, taxation, and financial analysis. CPAs ensure financial compliance, offer strategic guidance and contribute to business growth. This qualification broadens the spectrum of career opportunities in finance and accounting.

 Chartered Financial Analyst17

For aspiring or practicing investment professionals, acquiring the knowledge and skills to succeed in a highly competitive industry is crucial. The CFA Program aims to provide expertise and real-world skills in investment analysis, facilitating career advancement. Whether a practicing professional, student, career switcher, or aspiring entrant, the CFA Program provides a pathway to achieve professional goals.

Resources for Online MBA Finance Students

American Association of Finance & Accounting18

Association for Financial Professionals19

The Professional Accounting Society of America20

National Association for Personal Financial Advisors21

National Black MBA Association22

FAQs about Online MBA Finance Programs

What is an MBA in finance all about?

An MBA in Finance focuses on equipping students with advanced financial management skills, strategic decision-making, and a comprehensive understanding of financial systems. Covering areas like investment analysis, risk management, and corporate finance, the program prepares graduates for leadership roles in finance, investment banking, and corporate financial management.

How long does it take to complete an online MBA in Finance?

Do I need work experience to apply for an online MBA in Finance program?

Can I interact with professors in an online MBA in Finance program?

How are online MBA in Finance programs delivered—synchronously or asynchronously?

How does an online MBA in Finance differ from undergraduate programs in the same field?

 Is an online MBA in Finance worth it?

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