2020 Best Online Bachelor's in Finance Degrees
A degree in finance is a great option for students who are interested in mastering the concepts of financial fundamentals in business. We offer a list of the best online colleges offering finance degrees and the best online master's in finance programs, ranked based on tuition costs and alumni salary data provided by PayScale.
2020 Best Online Colleges Offering Bachelor's in Finance Degrees
Ranked based on affordability and earning potential, these 24 schools offer the best online bachelor's degrees in finance. LeTourneau University offers a Bachelor of Business Administration - Finance for $14,250 per year. Graduates of the school's finance program earn a median salary of $123,500. The most affordable school on this list is #18-ranked Bemidji State University, which charges just $8,758 per year. Graduates report earning a median mid-career salary of $76,800, making this school a good return on investment.
Alumni salaries were provided by PayScale. View our methodology for more details or learn more about OnlineU.
| # 1 || LeTourneau University || $14,250 || $123,500 |
| # 2 || University of Massachusetts - Amherst || $11,700 || $111,400 |
| # 3 || Franklin Pierce University || $12,000 || $107,400 |
| # 4 || Northeastern University || $16,230 || $108,600 |
| # 5 || California State University-East Bay || $18,864 || $109,100 |
| # 6 || University of Minnesota Online || $13,364 || $102,050 |
| # 7 || Park University || $12,450 || $100,000 |
| # 8 || Old Dominion University || $12,210 || $92,400 |
| # 9 || Wilmington University || $11,811 || $91,600 |
| # 10 || University of Maryland Global Campus || $14,970 || $88,200 |
| # 11 || Florida International University || $10,376 || $84,300 |
| # 12 || Rutgers University-Camden || $29,012 || $91,100 |
| # 13 || Troy University || $10,140 || $82,800 |
| # 14 || Northern State University || $10,537 || $82,300 |
| # 15 || University of Massachusetts-Dartmouth || $12,060 || $81,800 |
| # 16 || National University || $16,650 || $81,400 |
| # 17 || DeSales University || $15,240 || $79,700 |
| # 18 || Bemidji State University || $8,758 || $76,800 |
| # 19 || Columbia College || $11,250 || $77,300 |
| # 20 || Northwood University-Michigan || $14,105 || $78,100 |
| # 21 || Kansas State University || $14,745 || $78,300 |
| # 22 || Dallas Baptist University || $29,220 || $84,000 |
| # 23 || Franklin University || $12,338 || $76,100 |
| # 24 || University of Memphis || $15,390 || $76,900 | Salary data provided by
2020 Online Colleges Offering Finance Degrees - Ranking Details
#1 LeTourneau University
- Annual Tuition: $14,250
- Median Salary: $123,500
- Locations: Longview (TX)
- Accreditation: SACS COC
An interdenominational Christian university located in Longview, Texas, LeTourneau University offers an online Bachelor of Business Administration with a concentration in finance. This degree program is designed to give students a comprehensive understanding of investments and corporate finance, as well as knowledge of how to develop and implement financial models. The program is infused with a Christian worldview; students are taught to apply faith-based values and ethics in a professional environment. Coursework for online students is delivered through the Canvas online learning management system through which they can access and submit assignments, take quizzes and tests, share in discussions, and use video and audio materials. Students also have access to the university’s Student Success Center, online tutoring, and various resources that provide help and suggestions with writing, test-taking, note-taking, stress management, time management, and more. A total of 120 credits are required to complete the online finance degree, including 12 in the concentration and 12 in theology and vocation courses. Applicants to LeTourneau University are admitted based on transcripts, test scores, and class rank. Those wishing to enroll should have a high school diploma, GED, or HiSET, and transcripts need to be submitted from both high school and any college coursework taken prior to applying. Transfer students are those with 12 or more credits earned from prior coursework, and transfer credit from non-regionally accredited institutions and international colleges and universities are evaluated on a case-by-case basis.
#2 University of Massachusetts - Amherst
- Annual Tuition: $11,700
- Median Salary: $111,400
- Locations: Amherst (MA)
- Accreditation: NECHE
The University of Massachusetts - Amherst’s University Without Walls offers an online Bachelor of Business Administration in Finance. The program is designed to give students an in-depth understanding of the processes involved in making key corporate financial decisions, as well as provide education in fundraising, investments, managing working capital, and properly assessing risk and return. Actual case studies are examined to give students an idea of how financial strategies are applied – along with the results – in a real-world environment. Students can customize their online bachelor's degree in finance by choosing from a number of electives that include accounting, hospitality and tourism management, marketing, and sports management. Coursework is delivered with the Blackboard and Moodle online learning management systems, both of which support the receiving and submitting of assignments, class discussions, tests and quizzes, chats, and viewing grades. Learning is asynchronous, so students can study at a time and place that is convenient for them. A total of 55 credits are required to complete the major, and students must have a minimum of 27 transferrable credits and a GPA near 3.0. Those applying to an undergraduate program at UMass must submit high school transcripts, SAT/ACT scores, and a letter of recommendation. Students can take up to five courses (for 15 credits) before applying or while waiting for application approval. Applicants whose native language is not English must provide TEFOL or IELTS scores to demonstrate their English proficiency. The average GPA of applicants admitted to UMass is 3.90.
#3 Franklin Pierce University
- Annual Tuition: $12,000
- Median Salary: $107,400
- Locations: Rindge (NH)
- Accreditation: NECHE
Founded in 1962, Franklin Pierce University has its main campus in Rindge, New Hampshire, with three other branch campuses in the state and one in Arizona. The university offers more than ten undergraduate degrees online, including a Bachelor of Science in Accounting-Finance. Designed for adult distance learners, students can create a workable schedule by choosing to study full- or part-time over six academic terms, and they have the option of combining online learning with classroom study. College credit is given for previously obtained certifications and licenses, as well as for prior work experience. With this degree, students select either the accounting or finance track; the latter includes instruction in money and banking, real estate, managerial finance, investing, and problems encountered in the field of finance. The Canvas online learning management system is used to deliver coursework, which includes assignments, discussions, readings, quizzes and exams, audio and video material, and more. Applicants must have a high school diploma or GED, but no minimum GPA or admissions tests – such as SAT or ACT – are required. All applicants to FPU must submit high school transcripts, including grades from the first quarter of their senior year. Those without a high school diploma can submit a GED certificate. Additionally, students must provide a letter of recommendation from a teacher or counselor and an essay that is at least 250 words long. Standardized test scores are not required but may be included with the application and other documents.
#4 Northeastern University
- Annual Tuition: $16,230
- Median Salary: $108,600
- Locations: Burlington (MA)
- Accreditation: NECHE
Located in Boston, Massachusetts, Northeastern University offers a fully online Bachelor of Science in Finance and Accounting Management with multiple entry terms – spring, summer, and fall – to allow busy adult learners to enroll when it is most convenient for them. In the program, students learn how accounting and finance go hand-in-hand with technology, globalization, and sustainability, as well as how to develop and interpret financial statements, manage budgets, and plan effective and successful investment strategies. Emphasis is placed on the development of analytical abilities, an essential asset in the world of finance and accounting. A total of 120 credits are required to complete the degree, with at least 60 earned at Northeastern. The degree can be completed in eight terms of 15-16 credits each. The major is comprised of eight courses and a capstone for a total of 28 credits. A minimum 2.0 GPA is required for graduation. A streamlined version of the program is available to international students who have a minimum of 32 applicable credits from previous college coursework. In two years, they can complete up to six semesters and be awarded their degree. Applicants should submit college transcripts, a resume, at least one letter of recommendation, and proof of English proficiency. Graduates of this online finance degree program can pursue such careers as an accountant, auditor, budget analyst, claims adjuster, financial analyst, loan officer, financial adviser, and tax examiner.
#5 California State University-East Bay
- Annual Tuition: $18,864
- Median Salary: $109,100
- Locations: Hayward (CA)
- Accreditation: WSCUC
Cal State East Bay, located in Hayward, offers a fully online Bachelor of Science in Business Administration with six different concentrations, including one in finance. This completion degree, a two-year program, helps students prepare for careers in corporations, banks and other financial institutions, securities brokerage, investment management, and more. The major consists of 75 credits and includes study in such areas as auditing, accounting ethics, risk management, international business finance, corporate finance, derivatives markets, financial modeling, real estate, and entrepreneurial finance. CSU uses the Blackboard online learning management system to deliver all coursework, and online learning includes video and audio materials, assignments, quizzes, tests, chat rooms, simulations, and other tools and methods. The system also supports announcements, links to helpful resources, and a place for students to meet. Coursework is available 24/7. Learning is asynchronous, but classes have weekly due dates for assignments. The program may be ideal for working adults who have family and professional responsibilities and need the flexibility to create their study schedule around these obligations. Those admitted as freshmen to CSU must have a high school diploma or GED. They must also have completed, or be in the process of completing, a 15-credit pattern of college preparatory courses with a minimum GPA of 2.0. Students who are enrolled in the California Promise program pledge to maintain a minimum GPA of 2.0 and to complete 30 units towards their degree every academic year; transfer students pledge to complete the degree in two years.
#6 University of Minnesota Online
- Annual Tuition: $13,364
- Median Salary: $102,050
- Locations: Minneapolis (MN) (and 4 others)
- Accreditation: HLC
The University of Minnesota Digital Campus offers an online Bachelor of Science in Finance through the university’s Business Department. The 120-credit degree program includes 22 credit hours in business core coursework and 40 credits in finance and open electives along with the university’s liberal education requirements. The degree curriculum focuses on areas including financial risk, consumer financial needs, financial theories and tools, and the role of technology and the legal, ethical, and economic environment. Virtual classes are delivered asynchronously. Online coursework incorporates interactive tools that allow students to communicate with peers and instructors in real-time via chat rooms and discussion boards. Students can choose to pursue applied learning and internships to get practical experience while they complete their degrees. Applicants are required to submit official high school transcripts along with their application. Students will be asked to answer a series of short essay questions to describe themselves and their academic goals.
#7 Park University
- Annual Tuition: $12,450
- Median Salary: $100,000
- Locations: Parkville (MO)
- Accreditation: HLC
Park University offers a number of online bachelor’s degrees for students looking to pursue a career in finances. The Bachelor of Science in Business Administration has three available finance concentrations that can be completed online: Finance, Financial Management, and Financial Planning. The Bachelor of Science in Management/Finance has available concentrations in Financial Management and Financial Planning. It is recommended that students take two courses at a time, and classes are split into eight-week terms. Virtual coursework is accessed through the Canvas learning platform, and classes are delivered asynchronously. Students are expected to participate regularly in class discussions, and Zoom calls with peers and instructors. Online students are supported through the Online Operations Department, which provides assistance to distance learners to help them achieve their academic goals. Students can enroll in the fall, spring, or summer semesters. Applicants are required to submit an online application along with official transcripts from high school and any already-completed college coursework.
#8 Old Dominion University
- Annual Tuition: $12,210
- Median Salary: $92,400
- Locations: Norfolk (VA)
- Accreditation: SACS COC
Old Dominion University hosts an online Bachelor of Science in Business Administration degree with a concentration in Finance through the university’s Strome College of Business Department of Finance. The degree is offered as both a start-to-finish curriculum as well as a degree completion program for students who have already completed college credits from another institution and who are looking to advance their career by completing an undergraduate degree. Students need to complete a total of 120 credits to graduate, 30 of which must be done at ODU. The curriculum focuses on topic areas such as financial management, decision-making, investments, portfolio management, banking, and international financial management. Classes are delivered both synchronously and asynchronously, and all courses follow ODU’s regular semester schedule. Students access course materials via the Blackboard learning platform. To be considered for admissions, students need to submit an online application along with official high school or college transcripts.
#9 Wilmington University
- Annual Tuition: $11,811
- Median Salary: $91,600
- Locations: New Castle (DE)
- Accreditation: MSCHE
Wilmington University offers a Bachelor of Science in Finance that can be completed entirely online through its College of Business. The 120-credit program focuses on both corporate and small businesses and explores topics that are designed to prepare students for careers at a variety of financial institutions including in financial planning, stock brokerage firms, insurance companies, banks, and more. Program start dates are offered every eight weeks, and students can choose to study either full-time or part-time. Online courses are delivered through the Canvas learning management system. All courses are delivered asynchronously, and students are expected to meet weekly deadlines and participate in course activities. Students will communicate with faculty and peers via e-mail, chat, and discussion boards. Applicants to the program are required to submit official transcripts from any school they have attended along with an online application and an immunization record. SAT and ACT scores are not required but could help qualify a student to be exempt from taking the Math and English Placement Tests.
#10 University of Maryland Global Campus
- Annual Tuition: $14,970
- Median Salary: $88,200
- Locations: Adelphi (MD)
- Accreditation: MSCHE
The University of Maryland Global Campus offers an online Bachelor of Science in Finance degree. The 120-credit program focuses on a foundation of business principles, economics, and accounting, with a focus on finance and financial management. Students have the option to study full-time or part-time and can enroll at many different times throughout the year, in any semester. Finance students can join the Accounting and Finance Community Hub or the Financial Planning Association Student Chapter to network with their classmates and peers. Online courses are administered through the Learning Experience Online (LEO) platform. Courses are delivered asynchronously, and students can communicate with their peers and instructors via online discussion boards and via email. Virtual students also have access to online tutoring, the UMGC Writing Center, and the UMGC library. Applicants are required to submit a statement of purpose along with official transcripts proving the completion of a high school diploma, or any undergraduate coursework already completed.
#11 Florida International University
- Annual Tuition: $10,376
- Median Salary: $84,300
- Locations: Miami (FL)
- Accreditation: SACS COC
Florida International University offers an online Bachelor of Business Administration in Finance through its R. Kirk Landon Undergraduate School of Business. The 120-credit degree program is designed to prepare students for careers in business, banking, corporate finance, or investments. The Finance track focuses on areas such as banking, corporate finance, investments, portfolio management, financial risk management, international finance, and more. Students will be required to complete 60 credits in upper-level coursework in business. Students can enroll in the fall, spring, and summer terms. Students access course materials through the Canvas learning management system. A required online orientation introduces students to the online learning experience and helps them get acquainted with the resources available to them like Success Coaches, online tutoring, and career development support. Applicants must submit an online application along with official SAT or ACT scores and official copies of their high school transcripts. The BBA program requires a minimum GPA of 2.5 overall for any undergraduate coursework for any transfer students interested in enrolling.
#12 Rutgers University-Camden
- Annual Tuition: $29,012
- Median Salary: $91,100
- Locations: Camden (NJ)
- Accreditation: MSCHE
The Rutgers University Camden campus offers an online Bachelor of Arts in Business Administration with a concentration in Corporate Finance through the School of Business. Courses for the online bachelor’s degree are offered in fall, spring, winter, and summer semesters, and students can complete the degree at their own pace—either part-time or full-time. Enrollment is available during all terms except the winter semester. The online finance degree requires 120 credits for graduation. The curriculum explores everything from the financial decisions of publicly traded firms to small, privately run businesses. Students will work with enrollment counselors, executive coaches, and academic advisors for support throughout their time at Rutgers. Concentration courses include corporate finance, short-term financial management, multinational corporate finance, M&A finance, and investments and portfolio management. Applicants must have a minimum of 18 credits from a regionally accredited university or college and a minimum cumulative GPA of 2.50 to be considered for admissions.
#13 Troy University
- Annual Tuition: $10,140
- Median Salary: $82,800
- Locations: Troy (AL)
- Accreditation: SACS COC
Troy University offers an online Bachelor of Science in Business Administration in Global Business with a concentration in Accounting and Finance. Offered by the Sorrell College of Business, the online Bachelor’s Degree in Finance explores financial reporting, financial management, cost accounting, and cost management in the global economy. The online finance degree requires 120 credits, 18 of which are focused on the Accounting and Finance concentration. Online courses take place over nine-week terms, and there are five start dates throughout the year. Class content is delivered through the Canvas learning management system, and courses are asynchronous. Students are expected to take part in online discussions, take assessments, and collaborate with both their instructors and their fellow classmates regularly. Applicants must have a cumulative high school GPA of 2.5 or higher and should submit their official transcripts along with their SAT or ACT scores. Applicants who are 25 years or older are not required to submit standardized test scores when applying.
#14 Northern State University
- Annual Tuition: $10,537
- Median Salary: $82,300
- Locations: Aberdeen (SD)
- Accreditation: HLC
Northern State University hosts an online Bachelor of Science in Banking and Financial Services through its School of Business. The 120-credit degree program can generally be completed within four academic years, though students have the option to enroll part-time and complete their degree at a decreased pace. Classes are offered during the fall, spring, and summer semesters, and courses follow a traditional semester schedule. Students who are transferring in undergraduate coursework and who plan to complete their degree at NSU are required to complete a minimum of 30 credits at the School of Business. Online students can take advantage of virtual resources like Academic Advising, Career Services, counseling, and more. To apply, students must submit an online application along with official transcripts and ACT or SAT scores. Their high school GPA should be at least 2.6 overall. Students transferring from another college or university should have a cumulative GPA of 2.0 or above.
#15 University of Massachusetts-Dartmouth
- Annual Tuition: $12,060
- Median Salary: $81,800
- Locations: North Dartmouth (MA)
- Accreditation: NECHE
The University of Massachusetts at Dartmouth offers a Bachelor of Science in Finance that can be completed entirely online. The online Bachelor’s Degree in Finance is hosted by the university’s Department of Online and Continuing Education and requires 120 credits within the University Studies course, business foundation courses, and finance courses. The curriculum will explore concepts including economics, accounting, and mathematics and will also expose students to the skills for analyzing trends in financial markets, developing an understanding of investments, and evaluating and planning for individual or business financial viability. Online students have access to free online tutoring as well as the university’s writing center and one-on-one personal advising. Applicants must submit an online application along with official transcripts from all accredited colleges or universities. Those with fewer than 13 college credits should submit an official high school transcript and official SAT or ACT scores along with a personal statement about their education and career goals.
#16 National University
- Annual Tuition: $16,650
- Median Salary: $81,400
- Locations: La Jolla (CA)
- Accreditation: WSCUC
National University offers two options for students looking to complete a bachelor’s degree in finance online. The Bachelor of Business Administration with a concentration in Finance is a 180-credit program that focuses on areas including marketing, statistics, accounting, economics, finance, and management. The Finance concentration gives a deeper dive into the topic area to enhance a student’s knowledge in that industry. The Bachelor of Science in Financial Management takes a hands-on approach to train students in data analysis and explores a range of tax laws and regulations. This program also requires 180 credits for graduation. Both online degrees include four-week courses that allow students to finish their degrees more quickly. Students focus on one course at a time and can enroll in the degree programs at any time throughout the year. Online coursework includes a mix of lectures, readings, presentations, evaluations, quizzes, and exams. Course materials are administered through the Blackboard Learn platform. Online students will complete an online course orientation to ensure they understand how to access course materials and interact with peers and instructors.
#17 DeSales University
- Annual Tuition: $15,240
- Median Salary: $79,700
- Locations: Center Valley (PA)
- Accreditation: MSCHE
DeSales University offers two options for students looking to complete an online Bachelor’s Degree in Finance. The Bachelor of Science in Finance - Accelerated and the Bachelor of Science in Finance - Accelerated with a concentration in Financial Planning are both 120-credit degree programs offered through the university's Evening and Online Adult Studies program. Online students have full access to the Trexler Library catalog online, as well as the Academic Resource Center. Online courses are delivered through the Blackboard Learn platform and courses can be both asynchronous, synchronous, or a combination of both. Online students will complete an online learner orientation to help orient them to the technology and resources they will be using throughout their course of study. Applicants for both programs should submit official high school transcripts or proof of a completed GED along with an online application. Those with some college credit can also apply, and DeSales will take up to 75 transfer credits to count toward a bachelor’s degree.
#18 Bemidji State University
- Annual Tuition: $8,758
- Median Salary: $76,800
- Locations: Bemidji (MN)
- Accreditation: HLC
Bemidji State University offers an online Bachelor of Science in Business Administration with a concentration in Finance. The program is an online bachelor’s degree completion program meant for students who already have at least 24-semester credits completed. Students enrolled in the program will complete 68 credits and must maintain a GPA of at least 2.25 throughout their course of study. The curriculum explores topics including principles of accounting, legal environment, business statistics, markets and resource allocation, and macroeconomics and the business cycle. Online courses are delivered through the Brightspace learning platform, and students will interact with peers and professors via group work and discussion boards. All virtual students will take an online orientation to get acquainted with the online learning environment. Students have access to technical support as well as a digital library. To apply, students must submit official transcripts along with their online application. Transfer students should have a minimum cumulative GPA of 2.0.
#19 Columbia College
- Annual Tuition: $11,250
- Median Salary: $77,300
- Locations: Columbia (MO)
- Accreditation: HLC
Students have two options for completing an online bachelor’s degree in finance at Columbia College. The Bachelor of Science in Business Administration with a concentration in Finance is a 120-credit program that focuses on instruction in financial analysis, financial markets, instruments, and investments and aims to prepare graduates for careers in corporate finance or personal financial management. The Bachelor of Arts in Business Administration with a concentration in Finance has similar goals, but this 120-credit program also requires students to complete six hours of a foreign language. Students are encouraged to take part in internships to enhance their coursework with practical experience. Students can enroll in the program at any time throughout the year and can study part-time or full-time. Online courses are delivered asynchronously. Students have access to academic advisors, the college’s library and career services, as well as the tutoring and support center. Applicants should submit an online application along with their official high school or college transcripts.
#20 Northwood University-Michigan
- Annual Tuition: $14,105
- Median Salary: $78,100
- Locations: Midland (MI)
- Accreditation: HLC
Northwood University-Michigan offers an online Bachelor of Business Administration in Finance. The degree requires 123 credits and can typically be completed in four years, though students have the option to enroll part-time. The curriculum focuses on a mix of foundational business courses and aims to provide students with the skills for a career in financial services. Coursework includes topics such as financial management, economics, real estate finance, analysis, and capital markets. Students can enroll during multiple start dates throughout the year and can take advantage of several student organizations and honor societies. Online students are never required to report to campus, and online course material is delivered modularly so students can self-pace their learning while meeting regular deadlines and interacting with their peers and professors virtually. To be considered for admission, students must submit an online application along with official high school transcripts and SAT or ACT scores. Students should have a cumulative GPA in good standing.
#21 Kansas State University
- Annual Tuition: $14,745
- Median Salary: $78,300
- Locations: Manhattan (KS)
- Accreditation: HLC
Kansas State University hosts an online Bachelor of Science in Personal Financial Planning through the College of Health and Human Sciences. The degree requires 120 credit hours, and there are no in-person requirements. The curriculum explores family relationships and decision-making, consumer rights, insurance, investments, and other topics. Students who complete the program will be eligible to sit for the CFP exam as well as the Accredited Financial Counselor exam. Students can enroll in the fall, spring, or summer semesters. Courses are delivered through the Canvas learning management system, and most courses are delivered asynchronously. Online students can take advantage of academic advising, testing support, technology help, and career resources. To be eligible for admissions, students must submit a final high school transcript or GED scores along with an online application. Students should have at least a 2.0 GPA if they live in Kansas, and out-of-state students are required to have a 2.50 GPA. Students should also submit their ACT or SAT scores. Transfer students must have a 2.0 GPA or higher on all transfer coursework.
#22 Dallas Baptist University
- Annual Tuition: $29,220
- Median Salary: $84,000
- Locations: Dallas (TX)
- Accreditation: SACS COC
Dallas Baptist University hosts an online Bachelor of Business Studies in Finance through the College of Professional Studies. The degree requires a minimum of 120 credit hours, 30 of which must be completed at DBU. Students can choose to enroll full-time or part-time. The degree curriculum focuses on a wide range of foundational business courses, as well as Finance concentration courses that explore topics such as managerial accounting, business and public law, real estate and finance investments, international finance, and more. Students must maintain a minimum cumulative GPA of 2.0 or higher throughout the program. Courses are delivered in an asynchronous format through the Blackboard learning platform and include online chat rooms, discussion threads, and exams. All online learners will take an Online Student Orientation course to help them get information for their virtual learning environment. Students can take advantage of a number of virtual resources, including the University Writing Center and the DBU library. To apply, students must submit an online application along with their official high school or college transcripts.
#23 Franklin University
- Annual Tuition: $12,338
- Median Salary: $76,100
- Locations: Columbus (OH)
- Accreditation: HLC
Franklin University offers two options for students seeking to complete their bachelor’s degree in finance online. The Bachelor of Science in Financial Management is a 124-credit degree that focuses on areas such as financial analysis and forecasting, portfolio management, cash management, international finance, and financial risk management. The Bachelor of Science in Financial Planning also requires 124 credits and focuses on giving students the skills to become a personal financial advisor or to specialize in a specific area, such as tax planning, estate planning, investment strategy, education planning, debt management, healthcare planning, or retirement savings and income planning. Both degrees can typically be completed in four years, and students have the option to transfer credits to accelerate their degree. Online courses are delivered through the BlueQuill learning management system and feature hands-on assignments, case studies, and access to a network of graduates. Students have access to free resources, including a personal academic advisor, online tutoring, writing, and research help. To apply, students should submit their online application along with official high school and/or college transcripts.
#24 University of Memphis
- Annual Tuition: $15,390
- Median Salary: $76,900
- Locations: Memphis (TN)
- Accreditation: SACS COC
The University of Memphis offers an online Bachelor of Business Administration in Finance, with concentrations available in Business Finance or Real Estate. The program is offered through the Department of Finance, Insurance, and Real Estate in the Fogelman College of Business and Economics. Students who complete the degree will be able to sit for the Chartered Financial Analyst or Certified Financial Planner exams. The degree program requires 120 credit hours and includes a combination of business core credits with general education and elective credits. Most students can complete the degree in four years, though there is an option to enroll as a part-time student. Online courses are delivered asynchronously, and virtual students will have access to one-on-one counseling and technology services, can work with academic advisors, and can access the UofM library and career services. To apply, students should submit their online application along with official high school and/or college transcripts.
Overview of Online Finance
Undergraduate finance degree programs cover the fundamentals of accounting, business management, economics, and finance. The associate degree curriculum introduces students to key areas in the field such as financial institutions, financial statement analysis, global economic trends, and investments. Bachelor’s programs offer students the opportunity to specialize in a specific area that represents their career interests. This may include analysis for financial management, ethics and enterprise, financial markets and institutions, and investments and portfolio management. Bachelor’s programs usually include a capstone course, which requires students to complete a business project.
Master’s programs allow students to expand their undergraduate knowledge base. The core of the finance master's program includes courses in advanced business and finance areas such as financial accounting, econometrics, and financial modeling. Other common courses include international finance, corporate finance, and risk management. The curriculum of doctoral programs integrates theory, research and students’ personal reflection with practice. Doctoral students are also required to take a comprehensive exam, conduct an original research project, and write a dissertation. Those who study at the graduate level can apply their advanced knowledge in finance to professional roles in consultancy, corporate finance, investments, personal finance, research, and teaching.
Online Bachelor's Degrees in Finance
The bachelor’s degree in finance combines a core of business classes with the financial skills to develop financial reports, analyze financial data, and wisely invest a business or organization’s capital. These four-year programs are often offered through the business school of a traditional college or university and require about 120 credit hours of coursework. As with most bachelor’s programs, applicants will need a high school diploma or the equivalent to apply.
The finance bachelor’s includes a set of general education courses, the business foundation, and the finance specialization. General education courses in topics like humanities, math, and English support critical thinking abilities and general college-level reasoning skills. The business core is an interdisciplinary set of classes that helps students understand a functioning business from many angles. Common courses include marketing, accounting, economics, leadership, and organizational behavior. Finance specialization classes include managerial finance, investing, financial institutions, and risk and insurance.
The broad yet practical skill set of the finance bachelor’s degree is useful for entering a number of professions. Graduates could go on to become financial analysts, budget analysts, or financial managers within a business, helping the organization interpret its financial situation and prepare for the future. Other graduates go on to become stock brokers, insurance underwriters, or personal financial advisors. The quantitative analysis and business skills of the finance program can be applied to a wide variety of careers.
Accreditation for Online Finance Degrees
When researching potential online finance degrees, it's important to choose a program that has been accredited. Accreditation is a designation granted to degree programs and institutions that meet high academic standards with regard to their curricula, faculty members, student resources, and research capabilities. Institutional accreditation means that the entire school has been accredited by a regional or national accrediting agency, and programmatic accreditation means that one particular degree program has been accredited.
Accreditation of either the school or the degree program you choose can help you feel confident that you're going to receive a high-quality education and that your degree will be valued by future employers. Attending an accredited school is also necessary if you plan to apply for federal financial aid or graduate school.
Finance degree programs are often accredited by agencies that specialize in business programs, such as the Association to Advance Collegiate Schools of Business (AACSB) and the Accreditation Council for Business Schools & Programs (ACBSP). Both of these agencies are recognized by the US Department of Education (USDE) as being trustworthy accrediting bodies. It's wise to visit the USDE's accreditation database before submitting an admissions application for any degree program you may be considering. Please visit OnlineU's accreditation section for more information about the benefits of accreditation.
Certifications for Online Finance Graduates
While completing an undergraduate or graduate a degree in finance will entail intensive business training, many employers also require specific certifications, depending on the field of work. Certifications are designed to help professionals maintain a high level of integrity in specific financial areas. Since the large number of finance certifications can be overwhelming, we've highlighted a few of the most popular ones here.
Actuary Certifications: Actuarial science, the study of risk management, is a major aspect of financial management for businesses. While many finance majors are well trained in calculating risk and expected returns, obtaining an actuarial certification signals to employers one's proficiency in the field. In the United States, different certifications are required for different careers. For example, a certification from the American Academy of Actuaries is required for anyone to sign official actuarial opinions. Another form of actuarial certification comes from the Casualty Actuarial Society, which certifies its holders to assess property and casualty risk.
Certified Managerial Accountant: The certified managerial accountant (CMA) certification is another certification that financiers may choose. As finance majors, most people are well exposed to accounting methods, such as time value of money or double-entry bookkeeping. The CMA certification stresses a higher level of business administration, which emphasizes accountancy methods with different aspects of business such as financial planning, operations management, and professional ethics in addition to proficiency in accounting methods.
Chartered Financial Analyst: The CFA is a certification for finance and investment professionals. The certification assures that its holders are adept in concepts of portfolio management and financial analysis, along with general training in economics and business ethics. With high standards for passing, this certification is coveted by many employers for upper-level positions in the field of finance.
Careers in Finance
Finance careers attract many people, due to the challenging, lucrative nature of the work. There are many different roles in business and finance that might interest finance graduates, depending on their skill set and preferred work environment. Administration, money management, employee management, and investment management are just a few of the major career areas within this field.
Most entry-level business and finance positions, such as HR generalist, administrative manager, and financial manager, require a bachelor's degree. Depending on the particular business and finance career you hope to pursue, a major in business administration, finance, economics, mathematics, or information technology could be good preparation. Getting practical training through an internship, co-op work experience, or externship is highly recommended during a business bachelor's program.
Some higher-level positions, such as investment broker, financial analyst, and management executive roles, require a master's degree. The Master of Business Administration, which includes two to three years of practical business training, is great preparation and highly valued in the business world.
- Administrative Services Manager: These managers coordinate the different services and actions necessary to keep a business running on a day-to-day basis. In a small business, these managers may perform many different tasks, from hiring employees, to buying supplies, to keeping financial records. In larger businesses, administrators specialize in a particular management area.
- Facility Manager: Facility managers take care of the buildings and grounds associated with a business. They make sure that utilities are working properly, that the building is secure, and that building standards are up to code.
- Human Resources Manager: HR managers act as liaisons between a business's management and its employees. They recruit, hire, and train new employees, and they administer employees compensation and benefits packages. In larger organizations, HR managers typically specialize in a particular HR sub-area.
- Information Technology Manager: IT managers oversee information systems and IT workers in an organization. They install and maintain computers and networks, manage IT projects, and train employees in the organization's information systems.
- Medical and Health Services Manager: Healthcare managers work in hospitals, skilled nursing facilities, clinics, and other medical settings. They hire and coordinate clinical care workers, manage records, and oversee the maintenance of the facility.
- Purchasing Manager: These managers buy products for a variety of businesses for a variety of purposes. They may purchase goods for wholesale or retail sale, or for repurposing. Purchasing managers compare products and negotiate with vendors in order to obtain the best price possible for their organization.
- Budget Analyst: Budget analysts act as consultants to help businesses, non-profits, and government agencies appropriately use their funds. They help organizations decide which projects deserve funding, and how funding should match up with an organization's goals.
- Financial Analyst: Financial analysts help businesses and individuals decide which investments to make. They work with an organization to determine its time frame, investment goals, and risk tolerance to pick stocks and bonds that will generate appropriate returns.
- Financial Manager: Financial managers make sure that the funds in an organization are managed appropriately. They create financial reports, direct funds to different projects, oversee the flow of cash, and purchase appropriate insurance.
- Personal Financial Advisors: Personal financial advisors work with individuals and families to help them plan for their financial goals. They help their clients budget enough money for retirement and college expenses and help them choose investments or other financial instruments.
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