Online Master’s in Finance Management programs are a flexible and convenient option that is revolutionizing the way finance professionals pursue higher education. These programs offer a pathway for individuals to gain the knowledge, skills, and credentials necessary to excel in finance management roles. They combine the rigor and quality of traditional on-campus education with the flexibility and accessibility of online learning, making it easier than ever to earn a Master’s in Finance Management.
In this article, we will delve into the various benefits of pursuing an online Master’s in Finance Management. We will explore how these programs provide professionals experiences needed to thrive in the dynamic field of finance management. So, if you’re ready to take your finance career to new heights and master the future of finance management, join us as we explore the world of online Master’s in Finance Management programs and unlock the door to endless possibilities.
What is Finance Management?
Finance Management is one of the most crucial aspects for individuals and organizations in today’s rapidly evolving business world. Growing wealth is no longer about simply saving money. It is amassed by managing and developing resources. All business leaders desire to run an organization efficiently and effectively while achieving business goals.
Successful business leaders possess a working knowledge and keen understanding of finance management. These seasoned professionals acquire knowledge and skills through experience and education. Some finance managers start at the bottom rung of an organization and work their way to the top after learning their craft for years. The brightest of the bunch will pair their experience with a degree from a top business school, like an online Master’s in Finance Management, to get an edge on the competition.
Future Outlook of Financial Management
The U.S. economy continues to grow at an impressive rate. This growth allows for a lot of new domestic and international investment opportunities. With a high rate of development comes a soaring need for qualified finance professionals. Demand for financial managers with cash and risk management expertise is increasing. The U.S. Bureau of Labor Statistics reports an almost 20% growth rate from 2021 to 2031. That number is nearly three times the five percent average among all occupations.
Retiring workers from the baby boomer generation are increasing the need for personal financial advisors. The BLS projects a fifteen percent employment increase for personal financial advisors between 2021 and 2031. Thanks to innovative investment opportunities in global markets, financial analyst positions are projected to grow nine percent in this period.
What is an Online Master’s in Finance Management?
Competition will remain high in these fields due to the significant pool of applicants vying for these sought-after positions. An online master’s degree in finance or finance management will lead to career advancement and help improve graduate students’ employment opportunities. Savvy distance learners can choose an online Master’s in Finance Management program to boost their knowledge and skills in economics, financial management, analysis, managerial accounting, and investments.
An online finance master’s program gives working students much-needed flexibility. These professionals are often responsible for organizational and family leadership. Before Covid-19, web-based programs followed the same rigorous curricula as brick-and-mortar degrees. Many business schools learned to pivot quickly and offer attractive options to distance learners.
We will continue to see an uptick in online learners. These professionals will enjoy similar advancement opportunities that their on-campus counterparts have come to expect. The online format is ideal for students looking to save money on other costs besides tuition. Online learners do not pay travel expenses like gas and parking. They will often pay the same as in-state students since distance learning saves colleges and universities money in many ways vs. traditional education.
What Can I Do with an Online Master’s in Finance Management?
An online Master’s in Finance Management is an ideal degree. It prepares graduate students for financial management positions. Finance managers work as treasurers, finance officers, controllers, and risk or cash managers. The degree is also suitable for financial analysts. They can find roles as portfolio managers, risk and rating analysts, and fund managers. Personal financial advising and investment banking are career paths for individuals earning their online master’s in finance.
Here is a quick list and explanation of the most popular finance management careers:
Personal financial advisor
Personal financial advisors work with clients to determine their financial goals and advise them in making wise financial decisions. These advisors specialize in investments, insurance, mortgages, and retirement. Personal financial advisors typically have a bachelor’s degree. A master’s degree in finance and business administration will help them advance their career.
Financial analyst
Financial analysts are also called investment analysts and securities analysts. These professionals recommend and evaluate investment decisions and portfolios. Businesses and individuals hire financial analysts to help them make money decisions. Most analysts hold a bachelor’s degree in the relevant field of their expertise. A master’s degree in finance helps them advance their careers. They may develop into the area of fund management.
Finance manager
Finance managers prepare financial statements and business activity reports. They forecast for their organization. These managers are savvy in ensuring their firms’ financial health and planning long-term goals. Finance managers conduct data analysis and advise senior managers on profit-boosting strategies. An undergraduate degree is expected of finance managers. Most valid employers prefer candidates who have put the time into earning an online master’s degree in finance, business administration, accounting, or economics.
Investment banker
Investment bankers spend a lot of their time underwriting. It is the process of connecting businesses with investors. Investment bankers provide services for the initial public offering process. They determine how much a company is worth. Investment bankers ensure organizations meet the legal requirements to become publicly traded. These finance managers also advise firms on acquisitions and mergers. A bachelor’s degree is required for entry-level investment banking roles. Graduate students with MBA degrees and online Master’s in Finance Management degrees enjoy more plentiful job advancement opportunities.
Top 15 Finance Management Jobs
This is a list of some of the best financial management jobs and their median pay.
| Job | Median Pay |
|---|---|
| Chief Financial Officer (CFO) | $146,614 |
| Vice President (VP), Finance | $144,458 |
| Finance Director | $118,916 |
| Corporate Controller | $110,218 |
| Finance Manager | $98,890 |
| Financial Controller | $90,521 |
| Senior Financial Analyst | $86,113 |
| Financial Consultant | $73,998 |
| Investment Analyst | $71,436 |
| Credit Manager | $69,990 |
| Financial Planner | $67,247 |
| Valuation Analyst | $67,112 |
| Financial Analyst | $65,525 |
| Financial Advisor | $64,531 |
| Staff Accountant | $55,425 |
What Will I Learn in an Online Master’s in Finance Management?
Finance Degree Core Coursework
Core coursework for online finance master’s degrees includes classes in managerial economics. These courses focus on applying microeconomic theory to organizational problem-solving and decision-making. Corporate finance courses are standard. They review capital structure and valuation, mergers, and risk analysis. Graduate students enrolled in online finance master’s students learn about investments, which helps aspiring financial analysts and investment bankers. Core classes in financial management discuss key issues like capital structure, cost of capital, and financial planning and analysis.
Finance Degree Specialized Coursework
Many of the nation’s best online Master’s in Finance Management programs feature concentrations. These emphases allow students to focus on subjects within the finance field. One example is how a corporate finance concentration equips students to maximize the value of businesses. This skill is beneficial for graduate students pursuing financial management careers. Course topics may include financial strategy, risk management, capital budgeting, and long-term financing.
A specialization in international finance teaches master’s students where to steer investment opportunities within emerging global markets. These decisions often require regional knowledge and expertise. Coursework will include a review of international financial laws and regulations, international accounting, and global economics.
Finance Degree Capstone Experience
Online Master’s in Finance Management degrees include capstone courses. These program components are conducted as seminars or final projects. Seminars review all the topics learned throughout a program’s duration. A project-based course will challenge students to solve managerial problems like budgeting, bond refunding, or capital management. Another project-based capstone would involve students designing a financial strategy for a global multinational enterprise.
On-campus and some online programs ask graduate students to complete an internship as part of the curriculum. There are some excellent advantages to pursuing a program that features an internship. Finance students may intern at financial firms for some hours throughout a semester to earn class credit.
What are the Admissions Requirements for an Online Master’s in Finance Management?
Online finance master’s programs typically list a bachelor’s degree from an accredited school as a qualifying attribute for admission. The degree can usually be outside of finance. It could be in a related field. Some programs require candidates to complete relevant coursework before being admitted. Undergraduate degree holders in finance can generally move through their master’s faster. These students have taken some foundational courses so that they can waive hours.
Some programs require GMAT or GRE scores, while others do not rely on placement test scores as part of the application process. Other requirements could include essays, letters of recommendation, resumes, and admission fees.
How Important is Accreditation When Considering a Business School?
Accreditation status is vital for prospective online Master’s in Finance Management students. U.S. colleges and universities receive accreditation from entities recognized by the Department of Education. The accreditation process involves an extensive review of a business school’s educational programs and available student services. A school’s accreditation influences course credit transferability. Students’ eligibility for federal financial aid is also a significant factor when considering accreditation. Business students should ensure their school has earned national or regional accreditation.
What Does an Online Master’s in Finance Management Cost?
The overall cost of an online Master’s in Finance Management depends on several factors. State residency is a consideration. Many colleges and universities charge higher tuition to out-of-state students. However, more business schools charge flat tuition for online students regardless of where they live. Technology fees are another vital factor. These fees apply to online students rather than their on-campus counterparts. U.S. News reports per-credit costs for an online finance degree will range from $450 to $1,200. Online graduate students should expect to pay $15,000 to $40,000 in total tuition.
How Long Does It Take to Complete an Online Master’s in Finance Management?
Online finance master’s degree programs can require 30 to 36 credits. Full-time graduate students typically graduate within one to two years. Some business schools offer dual degrees that allow business students to earn master’s degrees in finance and business administration. Dual degrees require students to earn more credits than a standard degree because of the extra course load.
Is Getting an Online Master’s in Finance Management Worth It?
Earning potential has everything to do with your job title, where you work, and how many years of experience you have. A Master’s in Finance Management degree can help you earn a higher salary than you would without one. PayScale reports the average salary for professionals with a Master’s in Finance is $83,000 per year. Some workers in the field make upwards of $150,000 per year, depending on their specific position and other factors.
Why Should I Consider Pursuing an Online Master’s Degree in Finance Management?
There are many reasons to pursue an online Master’s in Finance Management degree. Here are a few no-brainers:
Networking Opportunities
Earning an online master’s degree in finance management will make your world larger. You will have opportunities to network with other professionals in the industry. Top-notch business schools connect with you with alum. They will let you attend conferences and events. You can also participate in internships and other programs that will help you build your network and gain experience.
Access to a Specialization
An online Master’s in Finance Management will give you specialized knowledge and skills to make you stand out among the competition. You can choose a concentration based on your interests and career goals. There are specializations in corporate finance, investments, and financial planning.
Career Advancement
Are you already working in finance? A master’s degree can help you advance your career by offering a competitive edge. You can qualify for higher-paying positions or jobs with more responsibility. Pursuing a Master’s in Finance Management makes you marketable to companies needing well-trained business students.
What is the Difference Between a Master’s and an MBA in Finance Management?
If you’re considering a graduate degree in finance, you may be confused about the difference between an MS and an MBA with a finance management concentration.
Both degrees can provide valuable knowledge and skills in finance. There are some vital differences to consider. A master’s degree in finance focuses more on finance-specific topics. Enrolled students learn about investments, financial analysis, and risk management. This degree also provides in-depth technical training in data analysis and financial modeling.
An MBA with a concentration in finance features a broad business education that covers topics like marketing, accounting, organizational behavior, economics, and finance. It may feature more opportunities for management and leadership training. The degree is beneficial for students interested in pursuing executive-level positions in finance.
Choosing between a finance master’s degree and an MBA in finance depends on your career aspirations and personal preferences. Working professionals looking for specialized education in finance should take the online master’s degree route. Graduate students wanting a broader business education while focusing on finance will want to pursue an MBA.
What are Some of the Nation’s Best Online Master’s in Finance Management Programs?
Here are 20 of the best Online Master’s in Finance Management programs offered from top business schools. Schools are listed in alphabetical order.
One of the nation’s best online Master’s in Finance Management programs is featured at Raymond J. Harbert College of Business at Auburn University. This excellent online Master of Science in Finance offers the same high-quality content as the on-campus program. Enrolled students get the freedom to study when and where they want. Distance learners should check out this top-notch finance degree.
The Heider College of Business at Creighton University provides an excellent online Master’s in Finance Management. Graduate students leave this program with a deep, practical finance understanding. They learn to practice and apply critical thinking skills in business contexts. Creighton is focused on developing ethical, knowledgeable, and visionary finance professionals. This Master of Finance is exceptional.
An online Master’s in Finance Management program is at Florida International University’s College of Business. The one-year Master of Science in Finance boasts an in-depth curriculum. Enrolled students apply financial strategy to challenging business decisions. Program designers are committed to preparing students for a broad spectrum of higher-level financial roles. The sky is the limit for finance professionals earning this online MS in Finance.
Fordham University’s Gabelli School of Business features an online Master’s in Finance Management program. This degree helps students become agile and attuned to new business technologies. The STEM-designated, 30-credit MS in Finance is on-site in NYC and entirely online. Distance learners prepare for the finance careers of the future. They are grounded in traditional topics like managing assets and raising capital. This finance degree makes all the right moves.
Louisiana State University’s E. J. Ourso College of Business features an online Master’s in Finance Management. The online Master of Science in Finance is a flexible degree program. It provides students with a comprehensive financial education. Enrolled students become leaders in the complex finance field. The curriculum covers financial analysis, portfolio management, and financial information technology topics. This is a highly interactive online finance program.
Saint Joseph’s University’s Erivan K. Haub School of Business offers an online Master’s in Finance Management. Degree graduates are primed for success in the fast-paced and dynamic financial industry. The top-notch curriculum helps distance learners develop expertise in their chosen career paths. Courses include Risk Management, Portfolio Management, Security Analysis, and International Finance. Graduate students seeking a quality finance degree will want this one.
Stevens Institute of Technology’s School of Business offers an online Master’s in Finance Management. This STEM-designated Finance master’s reflects a blend of technology, analytics, and data skills. Professionals in the field can confront today’s challenges and understand tomorrow’s business opportunities. This distance degree addresses money flows and the cost of credit for money market institutions. You will get a lot from this online Master’s in Finance Management.
The College of Business at Texas A&M University-Commerce features a Master’s in Finance Management. This online Master of Science in Finance features a platform allowing students to develop as financial-economic experts. Graduates of the degree can spot opportunities, ask critical financial questions, and assess risks. Business school leaders emphasize a solid understanding of finance theory. This distance degree will help you address the global economic challenges of the 21st century and beyond.
The Carl H. Lindner College of Business at the University of Cincinnati offers an online Master’s in Finance Management. Earning this Master of Science in Finance through UC Online allows students to complete their degree at their pace. Specializing in the degree is as simple as focusing on Real Estate, Corporate Finance, Investments, or Risk Management. The Lindner MS Finance program is a winner.
The University of Colorado Denver Business School offers an online Master’s in Finance Management. This MS in Finance and Risk Management program has deep industry ties. Enrolled students connect with companies inside and outside the classroom. Classes are held online, so they work for your schedule. UC Denver’s program offers graduate students hands-on learning with experience in databases and software. This online finance degree is perfect for working professionals.
The University of Houston-Clear Lake’s College of Business offers an online Master’s in Finance Management. Enrolled students enhance their skill set in the world of finance. The Master of Science in Finance from UHCL gives distance learners the tools to advance in private, public, or non-profit sectors. This stellar degree is the key to excellent employment possibilities. Financial sectors continue to move in exciting directions. Professionals must position themselves as highly qualified experts. This finance degree will help you get there.
The University of Massachusetts Lowell’s Robert J. Manning School of Business has an online Master’s in Finance Management. UMass Lowell’s Master of Science in Finance (MSF) is a 10-course degree. It provides students with a deeper understanding of how finance management works. Graduates move into careers in corporate finance and financial management. Undergraduate business majors enjoy the quickest completion time. The MSF curriculum will prepare you for a successful career in finance.
The Herbert Business School at the University of Miami features an online Master’s in Finance Management. The online Master of Science in Finance provides a holistic study of executive leadership and financial principles. Coursework covers industry issues like statistical analysis, economic theory, and strategic management. Students can earn one of two certificates. Enroll in this online degree to enhance your career prospects and augment your leadership pathway.
The College of Business at the University of Michigan-Dearborn offers an online Master’s in Finance Management. The Master of Science in Finance helps prepare distance learners to succeed in finance careers. Enrolled students enjoy access to a specialization in Corporate Finance or Investments. The Bloomberg Finance Lab lets graduate students earn a Bloomberg certification. This finance degree works as a strong springboard into finance management.
The Robert J. Trulaske, Sr. College of Business at the University of Missouri features an online Master’s in Finance Management. Mizzou’s MS in Finance degree is entirely online. Individuals ready to enhance their financial and analytical decision-making skills will thrive. The program is designed for many prospective students with differing professional and educational backgrounds. The MS in Finance degree distinguishes students from their peers in the job market.
The University of Oklahoma has an online Master’s in Finance Management at the Michael F. Price College of Business. The online MS in Finance is a 32-credit hour program. It is designed to be completed in sixteen months. Distance learners study topics like mergers and acquisitions/corporate restructuring, risk management, and derivative securities and markets. The online program features a lock-step online format. Graduate students work through a pre-determined course sequence. Try this flexible finance degree on for size.
The Kania School of Management at the University of Scranton offers an online Master’s in Finance Management. Many qualities make this program unique. Enrolled students can save money on their post-graduate test prep. The curriculum is aligned with the CFA Institute’s ten areas of focus. Graduate students considering an MBA and passionate about finance should consider this degree. Scranton’s online MSF offers the core business acumen of an MBA. The online finance degree is a wise choice.
The University of Wisconsin-Whitewater’s College of Business and Economics delivers an online Master’s in Finance Management. Specialized business degrees in finance and accounting, like this one, have been rising in recent years. This is because many graduate students want to advance their positions in their current financial sector job. Wisconsin-Whitewater’s Master of Science in Finance provides the necessary skills and in-depth knowledge of applied finance. This degree develops tomorrow’s finance leaders.
West Texas A&M University’s Paul and Virginia Engler College of Business, offers an online Master’s in Finance Management. This Master of Science in Finance and Economics (MSFE) applies to all applicants with a four-year undergraduate degree. The 36 to 45-hour program is available as online asynchronous courses to meet degree requirements. Full-time professionals should allow six years for completion to complement their work-life balance. This solid online finance degree will get your career going places.
An online Master’s in Finance Management is available at the Raymond A. Mason School of Business at William & Mary. Business runs on numbers but relies on people who can build sophisticated models to translate financial figures into insights and innovative strategies. This online Master of Science in Finance (MSF) has a 30% shorter time to completion than the average MSF. Enrolled students dive into finance more quickly and thoroughly than a typical MBA. Give this online finance degree a second look.
What Type of Licensure and Certification Can I Expect in Finance Management?
Licensure and certification are standard in the finance world. The chartered financial analyst, or CFA, is most marketable to organizations desiring certification as an attribute. The Financial Industry Regulatory Authority licenses financial analysts who sell financial products. The BLS reports that most licenses require employer sponsorship. Companies only expect applicants to hold licenses after getting hired. Investment bankers need to obtain licensure from and register with the FIRA as representatives of their organization.
Personal financial advisors provide investment advice to their clients. They can buy and sell bonds, stocks, and insurance policies. These actions require several licenses, according to the BLS. Advisors in small firms that manage client investments must register with state regulators. Workers in large firms register with the Securities and Exchange Commission. State boards require licenses for advisors who sell insurance. Personal financial advisors can pursue the certified financial planner, or CFP, certification. It requires candidates to pass an exam and hold a bachelor’s degree while having at least three years of relevant work experience.
What Professional Associations in Finance Can I Join?
Professional associations are great resources for current and future financial professionals. They allow finance students to tap into educational resources and search for job opportunities. Workers can also network with professionals in the field through conferences and gatherings.
Association for Finance Professionals
AFP is an organization for professionals in finance and treasury. Members enjoy access to market data, career centers, webinars, annual conferences, and global networks of 15,000 professionals. The Association for Finance Professionals awards certificates for professionals in treasury management, financial planning, and financial analysis.
Society of Financial Service Professionals
FSP supports certified public accountants, financial advisors, attorneys, and insurance experts. Members enjoy access to national meetings, webinars, and online networking opportunities. The Journal of Financial Service Professionals is an excellent publication. Membership rates for members under 40 are discounted by 50 percent.
Financial Planning Association
FPA is a professional group for certified financial planners, financial services providers, educators, and students. Full-time student members enjoy discounted webinars, a job board, events, conferences, and a mentor program. Members additionally receive a complimentary subscription to the Journal of Financial Planning and Money magazine.
How Do I Get an Online Master’s in Finance Management?
You have decided to invest in a master’s degree in finance management. Now it’s time to choose the right business school and program. Here are factors to consider:
Online or On-Campus?
Begin by deciding to attend an online or an in-person program. Online programs are more flexible and convenient. Some degrees may offer different networking opportunities. Look for one that features identical hands-on experience as its on-campus counterpart.
We’ll Say It Again – Accreditation!
Make sure your favorite program is accredited by a respected organization like the IACBE, the ACBSP, or the AACSB.
Price Tag
Consider the tuition and overall cost of the program. Decide if you want to take out loans or apply for financial aid. There are many scholarships and grants that can help offset the cost. Your company might offer free tuition or tuition payback programs.
“Well, Isn’t That Special”
Consider the business school’s specializations offered within the program. Make sure they align with your career goals. Common emphases in finance include risk management, corporate finance, investments, and financial analysis.
What Now?
Now you know more about an online Master’s in Finance Management degree. You may still be wondering if it’s the right choice for you. Here are questions to answer:
- Am I genuinely interested in pursuing a career in finance? If you are passionate about finance, you should work in the industry. An online master’s degree in finance management will provide you the knowledge and skills needed to succeed.
- Do you want to specialize in an area of finance? The world of finance is a vast one. An online master’s degree can give you specialized training and knowledge to work in a niche environment.
- Can you afford the time and cost commitment? An online Master’s in Finance degree is a significant investment of time and money. Consider how you will pay for the education. Ensure you can commit to the time and effort required to complete the distance degree.
Once you have researched and chosen the right program, it’s time to contact business school representatives. They can help you make the transition from applicant to student. You will discover an online master’s degree in finance management is a valuable investment for those pursuing a career in finance or advancing their existing employment. It will provide you with specialized knowledge and training. Your education will lead to higher salaries and advanced job opportunities.
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