Best Online MBA in Finance Programs
An online MBA in finance degree can help you lead in a fast-growing finance sector without having to put your career on pause. Check out our top finance MBA programs.
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The finance industry is expected to grow rapidly in the coming years, and an online master’s degree in business administration (MBA) with a specialization in finance can help equip you with the skills to excel in this evolving sector.
Employment for financial managers is projected to grow by 17% from 2023 to 2033, according to the Bureau of Labor Statistics (BLS). That’s more than four times the average projected growth rate of 4% across all occupations, reflecting a booming sector.
Additionally, the financial technology (fintech) field in particular is set for meteoric growth. Estimates from a 2023 report by Boston Consulting Group project industry revenues to grow from $245 billion to $1.5 trillion by 2030.
An online finance MBA degree can help you improve your career prospects or break into the field, without even having to leave your current job. Explore our list of the best finance MBA programs based on student outcomes and affordability to help you find the right one for you.
Finance MBA Highlights
- Our 2024 Online Education Trends Report found that 94% of online MBA and master’s students and graduates surveyed said they think earning an online degree has had or will have a positive return on investment.
- Most online MBA in finance programs take about two years to complete.
- The BLS projects employment for several finance jobs, such as financial managers and financial analysts, to grow at a faster-than-average rate from 2023 to 2033.
- MBA graduates have starting salaries that are almost $30,000 higher than those of bachelor’s in business administration (BBA) graduates, according to 2023 data from the National Association of Colleges and Employers (NACE).
Source: BestColleges, Bureau of Labor Statistics, National Association of Colleges and Employers
Best Online MBA Finance Programs
How We Rank Schools
To create this ranking, BestColleges sourced the most recent data available from the National Center for Education Statistics and the U.S. Department of Education College Scorecard. We then ranked each school according to the top variables college students selected in our College Choice and Admissions Survey. To learn more, check out our full rankings methodology or read the summary below.
To qualify for our rankings lists, each school must be an accredited public or private, nonprofit institution. Each eligible school was then ranked based on a formula measuring:
- Affordability (30%)
- Student outcomes (30%)
- Reputation (20%)
- Diversity and social mobility (20%)
In addition, we only included colleges with graduation rates in the top third of all online colleges.
University of North Carolina at Chapel Hill
Chapel Hill, NC4 yearCampus + Online
$10,552
$28,278
25%
91%
$7,019
$34,198
95%
30,092
Public
Yes
$10,552
$28,278
Chapel Hill, NC4 yearCampus + Online
$10,552
$28,278
25%
91%
$7,019
$34,198
95%
30,092
Public
Yes
Villanova University
Villanova, PA4 yearCampus + Online
$20,619
$20,619
31%
95%
$56,730
$56,730
96%
11,032
Private
Yes
$20,619
$20,619
Villanova, PA4 yearCampus + Online
$20,619
$20,619
31%
95%
$56,730
$56,730
96%
11,032
Private
Yes
Pennsylvania State University-World Campus
University Park, PA4 yearCampus + Online
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
Public
Yes
N/A
N/A
University Park, PA4 yearCampus + Online
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0
Public
Yes
Babson College
Wellesley, MA4 yearCampus + Online
$89,550
$89,550
27%
79%
$54,144
$54,144
92%
3,340
Private
Yes
$89,550
$89,550
Wellesley, MA4 yearCampus + Online
$89,550
$89,550
27%
79%
$54,144
$54,144
92%
3,340
Private
Yes
University of Maryland-College Park
College Park, MD4 yearCampus + Online
$13,158
$29,250
51%
93%
$8,824
$34,936
95%
40,709
Public
Yes
$13,158
$29,250
College Park, MD4 yearCampus + Online
$13,158
$29,250
51%
93%
$8,824
$34,936
95%
40,709
Public
Yes
Purdue University-Main Campus
West Lafayette, IN4 yearCampus + Online
$9,208
$28,010
67%
82%
$9,208
$28,010
93%
46,655
Public
Yes
$9,208
$28,010
West Lafayette, IN4 yearCampus + Online
$9,208
$28,010
67%
82%
$9,208
$28,010
93%
46,655
Public
Yes
Texas A & M International University
Laredo, TX4 yearCampus + Online
$3,350
$10,712
59%
59%
$3,818
$13,634
74%
8,525
Public
Yes
$3,350
$10,712
Laredo, TX4 yearCampus + Online
$3,350
$10,712
59%
59%
$3,818
$13,634
74%
8,525
Public
Yes
Webster University
Saint Louis, MO4 yearCampus + Online
$13,500
$13,500
53%
59%
$28,500
$28,500
77%
8,197
Private
Yes
$13,500
$13,500
Saint Louis, MO4 yearCampus + Online
$13,500
$13,500
53%
59%
$28,500
$28,500
77%
8,197
Private
Yes
University of North Carolina Wilmington
Wilmington, NC4 yearCampus + Online
$4,719
$18,548
68%
95%
$4,443
$18,508
84%
17,915
Public
Yes
$4,719
$18,548
Wilmington, NC4 yearCampus + Online
$4,719
$18,548
68%
95%
$4,443
$18,508
84%
17,915
Public
Yes
University of Delaware
Newark, DE4 yearCampus + Online
$34,164
$34,164
66%
96%
$12,730
$34,160
90%
23,613
Public
Yes
$34,164
$34,164
Newark, DE4 yearCampus + Online
$34,164
$34,164
66%
96%
$12,730
$34,160
90%
23,613
Public
Yes
Bethel University
Saint Paul, MN4 yearCampus + Online
$11,700
$11,700
87%
71%
$38,870
$38,870
85%
3,814
Private
Yes
$11,700
$11,700
Saint Paul, MN4 yearCampus + Online
$11,700
$11,700
87%
71%
$38,870
$38,870
85%
3,814
Private
Yes
Ball State University
Muncie, IN4 yearCampus + Online
$9,328
$25,542
87%
90%
$9,482
$26,470
80%
21,597
Public
Yes
$9,328
$25,542
Muncie, IN4 yearCampus + Online
$9,328
$25,542
87%
90%
$9,482
$26,470
80%
21,597
Public
Yes
University of Massachusetts-Amherst
Amherst, MA4 yearCampus + Online
$14,014
$30,120
65%
96%
$15,791
$35,779
89%
31,642
Public
Yes
$14,014
$30,120
Amherst, MA4 yearCampus + Online
$14,014
$30,120
65%
96%
$15,791
$35,779
89%
31,642
Public
Yes
Florida Atlantic University
Boca Raton, FL4 yearCampus + Online
$5,467
$16,695
75%
97%
$2,522
$14,374
82%
30,805
Public
Yes
$5,467
$16,695
Boca Raton, FL4 yearCampus + Online
$5,467
$16,695
75%
97%
$2,522
$14,374
82%
30,805
Public
Yes
Syracuse University
Syracuse, NY4 yearCampus + Online
$40,392
$40,392
69%
15%
$53,432
$53,432
89%
21,322
Private
Yes
$40,392
$40,392
Syracuse, NY4 yearCampus + Online
$40,392
$40,392
69%
15%
$53,432
$53,432
89%
21,322
Private
Yes
Why You Should Get an MBA in Finance
Upskill without leaving the workforce: Online MBA programs often feature asynchronous classes, meaning you fit classes and coursework around your busy schedule.
Prepare for an evolving financial sector: Business schools are incorporating emerging technologies like artificial intelligence (AI) into their curriculum to prepare students for the future of finance.
Acquire in-demand skills: Corporate recruiters say human skills taught in MBA programs, such as strategic thinking, will be important even amid the rising popularity of tech.
Meet fellow finance professionals: Online MBA programs often include networking opportunities such as online meetups, discussion groups, and professional development events.
Benefits of Getting a Finance MBA Online
In BestColleges’ 2024 survey, 97% of the online MBA and master’s students and graduates polled said they would recommend online education to others.
Similarly, 78% of the online MBA and master’s students and graduates polled said they think an online learning environment is better than or equal to learning on campus.
Online MBA programs are often tailored to working professionals, meaning you won’t have to leave your job to pursue your degree.
How to Choose the Best Finance MBA Program for You
In a broad field like finance, it’s important to choose an MBA program that meets your career and personal goals.
Make sure to weigh a program’s flexibility, application requirements, and cost. Also, consider its accreditation status, both at the institutional and programmatic levels. Confirming accreditation at both levels ensures that the college and program within it meet specific quality standards and may be required for certain career paths.
You should also evaluate the program’s curriculum to make sure it includes courses that align with your career goals. Dr. Angélica S. Gutiérrez, associate professor of management at Loyola Marymount University, says programs can differ in terms of specialization. For example, some may focus on corporate finance, investments, or real estate.
How Much Does a Finance MBA Program Cost?
Master’s in Business/Management, 2019-20
Online
$10,995 Avg. Tuition & Fees
$8,534 Avg. Net Price
In-Person
$21,974 Avg. Tuition & Fees
$15,428 Avg. Net Price
Pursuing an online MBA is usually more affordable than attending a traditional, in-person program.
In fact, National Center for Education Statistics (NCES) data from 2020 shows that online master’s programs in business/management, on average, cost less than half that of in-person programs before factoring in financial aid. This price can be further reduced by applying for scholarships and other financial aid programs.
However, keep in mind that the cost of online MBA programs can vary significantly from school to school. Nationally renowned business schools will be much more expensive, as a rule of thumb, than regional public institutions.
This even applies to prestigious public institutions: An online MBA program from the University of North Carolina Kenan-Flagler Business School or the University of Michigan Ross School of Business, for example, will cost you more than $100,000.
Find Financial Aid for Your Finance MBA
How Long Does It Take to Get an MBA in Finance Degree?
Typical # of Credits
30-60 Credits
Typical Program Length
2-3 Years
Finance MBA programs usually take around 2-3 years to complete, but that isn’t always the case, especially if you’re a part-time student.
The University of Michigan’s online MBA program, for instance, allows students to complete it in anywhere between two and five years based on their workload.
Other MBA programs feature an accelerated format. That usually means shorter, more intense courses to condense a two-year curriculum down into 12-16 months.
Application Requirements
The application requirements for finance MBA programs usually include:
GMAT or GRE (not always required)
Personal essays
Letters of recommendation
Undergraduate transcripts
Resume
Prior work experience (not always required)
Accreditation for Finance MBA Programs
Enrolling in an MBA with programmatic accreditation is a good way to make sure you’ll get a positive return on your investment.
Academic programs undergo a rigorous evaluation process to earn programmatic accreditation, ensuring they meet stringent educational standards. Accreditors assess various factors, including faculty expertise, student employment outcomes, and the institution’s financial health, to determine whether a program qualifies for accreditation.
Here are some major accreditors to look out for when comparing programs:
- Association to Advance Collegiate Schools of Business (AACSB)
- International Accreditation Council for Business Education (IACBE)
- Accreditation Council for Business Schools and Programs (ACBSP)
Ask an Expert: How Important Is Accreditation?

Ask an Expert: How Important Is Accreditation?
“Accreditation is very important for any program. It signals that the curriculum meets high-quality standards and provides students with the skills they need in a finance career.”
What Can You Do With a Finance MBA?
Employment for business and financial occupations is projected to grow faster than the projected average rate of 4% growth for all occupations from 2023 to 2033, according to the BLS.
For instance, employment for financial managers is projected to grow by 17% from 2023 to 2033, and employment for financial analysts is projected to grow by 9% during the same time period, according to the BLS. This data reflects the fast-growing financial services industry and a looming advisor shortage.
The consulting firm McKinsey & Company projects a shortage of roughly 100,000 financial advisors by 2034 due to a declining workforce. This underscores the potential opportunities for those considering a career in finance as the demand for qualified professionals increases.
Below is a brief list of some jobs you can pursue with an MBA in finance degree:
Job | Median Annual Salary (May 2023) | Description |
---|---|---|
Financial Managers | $156,100 | Manage investments and financial planning for their organizations, help advise leaders on finances |
Financial Analysts | $99,890 | Evaluate an organization’s finances and the broader economy to help make business decisions |
Securities, Commodities, and Financial Services Sales Agents (including Investment Bankers) | $76,900 | Manage investments, sell securities, and advise people on how to invest |
Chief Executive Officers (including Chief Financial Officers) | $206,680 | Lead their organization’s financial planning efforts based on the business and broader economic environment |
Learn More About Finance Jobs
Is a Finance MBA Worth It?
Earning a finance MBA can help you develop essential business skills and stay up to date with industry best practices.
“An MBA in finance can help students develop the technical skills to be competitive, including analytical thinking, decision-making, and financial reporting,” says Gutiérrez. ” She also notes that you can develop interpersonal skills, such as management and communication, during your studies.
When combined with work experience, this degree can also help boost your earning potential well into six figures. For instance, financial managers earn a median annual salary of $156,100 as of May 2023, according to the BLS.
You may not even have to wait until graduation to start seeing a return on your investment. For example, more than 85% of online MBA students at the Indiana University Kelley School of Business reported a new job, raise, or promotion while still enrolled.
This increased earning potential can make an MBA in finance program an attractive option, especially for working professionals. In fact, online MBA programs are often designed with working adults in mind and feature an asynchronous format that lets you work toward your degree without pausing your career.
Education Beyond an MBA
Beyond a finance MBA degree, you can consider certifications to deepen your expertise.
A growing number of business schools are now offering certifications in high-demand finance areas like fintech and AI. For example, in 2023, the Ohio State Fisher College of Business rolled out a two-course fintech microcredential program.
A doctoral degree is also an option if you’re looking to get into academia or high-level consulting. Many schools offer online doctor of business administration (DBA) programs that focus on applying research to real-world business challenges.
Frequently Asked Questions About Finance MBAs
An MBA in finance is a master’s in business administration degree program with specialized coursework in finance. Its curriculum covers fundamental MBA topics, but the program also takes a deeper dive into finance with targeted courses such as corporate finance, investment analysis, and mergers and acquisitions.
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