Online Master’s in Finance

Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available

Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year
**NA – data not available

Online Master’s in Finance programs offer comprehensive coursework that covers financial theories, investment strategies, risk management, and financial analysis. Students gain expertise in analyzing financial data, making informed decisions, and managing portfolios. 

The programs provide a flexible learning environment, allowing students to balance their studies with other commitments. Online discussions, virtual classrooms, and interactive tools facilitate engagement with instructors and peers. Graduates are well-prepared for diverse finance-related careers in both the corporate and investment sectors.

Curriculum

The online master’s degree in finance concentration offers a deep dive into all aspects of the financial world. Most accredited schools have some mandatory courses in the program, and students can choose from various options. Here are some sample courses students will take in an online master’s in finance degree.

International Finance – This course equips students with the knowledge and skills to navigate the complexities of global financial markets. It delves into topics like international trade, foreign exchange, cross-border investments, and risk management. Graduates gain a competitive edge to pursue careers in multinational corporations, financial institutions, or international organizations.

Investment Analysis and Portfolio Management – Investment Analysis and Portfolio Management is a comprehensive course focusing on financial analysis, asset valuation, and portfolio construction. Students learn to make informed investment decisions, manage risk, and optimize portfolio performance. Graduates are equipped to pursue careers as investment analysts, portfolio managers, or financial advisors in various finance sectors.

Risk Management – This course provides students with the expertise to identify, assess, and mitigate financial risks businesses and financial institutions face. It covers topics like financial modeling, insurance, derivatives, and regulatory compliance. Graduates are well-prepared for careers as risk managers, risk analysts, or consultants in the finance and banking sectors.

Corporate Finance – In this course, students are taught topics such as capital structures, strategic financial decisions, financial aid, financial accounting, financial markets, financial modeling, financial strategies, international finance risk management, cost of capital vs. cost of operations, forecasting, etc. In particular, everyone should be mindful of four elements within corporate finance: operating flows, invested capital, security analysis, cost of capital, and return on invested capital.

Banking – This course focuses on the principles, practices, and regulations within the banking industry. It covers areas such as financial analysis, banking operations, risk management, and financial technology. Graduates are equipped to pursue various roles in commercial and investment banks, financial institutions, and regulatory bodies, contributing to the dynamic banking field.

Quantitative Methods in Finance – This course emphasizes applying advanced mathematical and statistical techniques to financial analysis and decision-making. Students learn to model financial markets, manage risk, and develop algorithmic trading strategies. Graduates are prepared for quantitative roles in finance, including quantitative analysts, financial engineers, and data scientists in investment firms and financial institutions.

Skills You’ll Gain

Completing a Master’s in Finance equips graduates with a diverse skill set and knowledge base essential for excelling in the dynamic world of finance. Through rigorous coursework and hands-on experience, students develop expertise in various financial disciplines and gain valuable insights into the intricacies of global markets. Upon graduation, these finance professionals are equipped with multiple sought-after skills that enable them to navigate complex financial challenges and make strategic decisions in diverse financial roles and industries.

Learning Outcomes and Skills Gained:

• In-depth understanding of financial theories, concepts, and principles
• Advanced knowledge in areas such as corporate finance, investments, and financial markets
• Proficiency in financial analysis, modeling, and forecasting
• Ability to evaluate and manage various financial risks
• Skill in applying quantitative methods to financial decision-making
• Familiarity with financial regulations and compliance
• Proficiency in communicating and presenting financial information effectively for reporting purposes.
• Capability to create and optimize investment portfolios
• Competence in using financial software and technology
• Ethical and strategic decision-making in financial management.

Degree Types

A Master’s in Finance (MFin) is a sought-after academic program designed to provide students with specialized knowledge and skills in the field of finance. This rigorous degree prepares graduates for diverse and rewarding careers in the finance industry, equipping them with essential tools to analyze complex financial scenarios and make strategic decisions. Master’s in Finance programs offer various degree options, each tailored to meet specific career goals and interests.

Specializations for Finance Students

A Master’s in Finance opens diverse career pathways in finance, investment, and financial management. Graduates can select specializations aligned with their interests and career prospects. Here are some specializations students pursuing a master’s in finance online can opt for:

Graduation Timeline

Typical Timeline: 2 years

Credits to Completion: 36

The graduation timeline for Master’s in Finance programs can vary depending on whether students enroll in part-time or full-time programs and the total credits required for completion. Typically, a full-time Master’s in Finance program may take 18 to 24 months, while part-time programs may extend to 2 to 3 years. The total credits required for graduation often range from 30 to 36, depending on the program’s depth and curriculum.

In the field of finance, students have the opportunity to enroll in free courses to gain a better understanding of the industry. These courses can provide valuable insights into the work of finance professionals. While completing these courses may earn students certificates of completion, they may not be considered valid by organizations or equivalent to accredited courses. Below are some free finance courses available for students:

Graduates of online finance master’s degree programs have diverse career opportunities in various financial sectors. Employers consider the specialized focus of the master’s program and applicants’ experience. 

Top-growing fields include finance, insurance, scientific and technical services, financial management, state and local governments, and manufacturing. The following list presents salary information, related jobs, and employment projections for various financial careers:

Graduate students in finance can thrive by attaining and consistently renewing certifications and licenses throughout their careers. These credentials bring benefits like increased salaries, promotions, enhanced marketability, and job security. While some certifications are optional, others are essential for certain roles, ensuring compliance with industry standards. Certification organizations often sponsor professional societies, facilitating ongoing industry knowledge and networking opportunities for career growth. Here are a few examples:

• CMA: Certified Management Accountant²¹: The Certified Management Accountant (CMA) designation is a globally recognized certification for management accountants. Offered by the Institute of Management Accountants (IMA), the CMA program equips professionals with advanced skills in financial planning, analysis, decision-making, and strategic management. CMAs play vital roles in organizations, providing valuable insights for driving business success and financial performance.
• Financial Risk Manager Certification²²: The Financial Risk Manager (FRM) certification is a prestigious designation for risk management professionals. Offered by the Global Association of Risk Professionals (GARP), FRM equips individuals with advanced skills in risk assessment, analysis, and mitigation. FRM-certified professionals are sought-after in various industries to effectively manage and mitigate financial risks.
• Certified Treasury Professional²³: The Certified Treasury Professional (CTP) designation is a sought-after certification for treasury and finance professionals. Offered by the Association for Financial Professionals (AFP), the CTP program equips individuals with specialized knowledge in cash management, risk management, and financial planning. CTP-certified professionals are recognized for their expertise in optimizing cash and liquidity management for organizations.
• Certified Public Accountant (CPA) Certification ²⁴: The Certified Public Accountant (CPA) certification is a prestigious designation for accounting professionals. It signifies expertise in accounting, auditing, taxation, and financial analysis. CPAs ensure financial compliance, provide strategic guidance and contribute to business growth. This qualification opens doors to diverse career opportunities in finance and accounting.

There are various resources to help students further their graduate studies. These resources include networking events, online forums, and industry conferences, providing opportunities to connect with peers, professionals, and experts. Through collaborative learning and exposure to current financial trends, students enhance their knowledge base, staying abreast of industry developments and building valuable connections for their future careers.

The following resources are for finance students and professionals wanting to build or advance their careers. Memberships can include access to job boards, certification examination testing, and extended career education:

1. American Management Association²⁵: The American Management Association (AMA) is a renowned global learning and development organization. With a rich history spanning over a century, AMA provides training and resources to individuals and organizations, helping them develop essential management and leadership skills. AMA’s diverse range of programs and resources empowers professionals to thrive in today’s dynamic business environment and achieve their career and business objectives.
2. The Professional Accounting Society of America²⁶: The Professional Accounting Society of America is a prominent organization dedicated to advancing the accounting profession. With a focus on education, networking, and professional development, the society provides valuable resources and support to accountants and finance professionals. Through certifications, conferences, and publications, the society empowers members to excel in their careers and contribute to the accounting industry’s growth.
3. CMT Association²⁷: The CMT Association is a globally recognized organization for technical analysis and market professionals. It offers the Chartered Market Technician (CMT) designation, providing finance graduates with specialized skills in technical analysis, enhancing their ability to predict market trends and make informed investment decisions. The CMT Association fosters professional growth and credibility, positioning finance graduates for success in the financial industry.
4. Association for Finance Professionals²⁸: The Association for Finance Professionals (AFP) is a leading global organization catering to finance and treasury professionals. It provides valuable resources, certifications, and networking opportunities to enhance its members’ expertise and career growth. AFP’s focus on best practices, cutting-edge technologies, and thought leadership empowers finance graduates to excel in their roles and contribute to their organization’s financial success.
5. Financial Planning Association (FPA)²⁹: The Financial Planning Association (FPA) is a prominent professional organization dedicated to advancing the financial planning profession. Focusing on education, advocacy, and networking, FPA provides financial planners and advisors with resources and support. Members gain access to educational programs, industry insights, and networking opportunities, empowering them to deliver comprehensive and effective financial planning services to their clients.