Best Online Bachelor's in Finance Degrees

By OnlineU Staff | Updated 11/22/2021

If you're intrigued by the way money fuels the world's economy and you'd like to assist other people and organizations in managing their money effectively, earning an online bachelor's degree in finance might be the first step toward a fulfilling career. A finance degree is designed to prepare graduates for an array of occupations, many with annual salaries in the $60,000-$90,000 range.

Below is our ranked list of the best online finance degree programs. Following that, we've provided details about bachelor's degrees in finance, common courses, careers, and certifications to help you determine whether this degree is right for you.

Find an Online Degree:
Find an Online Degree:

2020 Best Online Colleges Offering Bachelor's in Finance Degrees

2020 Best Online Colleges Offering Bachelor's in Finance Badge

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.

RankSchool Annual Tuition Mid-Career Salary
# 1 #1 LeTourneau University $14,250 $123,500
# 2 #2 University of Massachusetts - Amherst $11,700 $111,400
# 3 #3 Franklin Pierce University $12,000 $107,400
# 4 #4 Northeastern University $16,230 $108,600
# 5 #5 California State University-East Bay $18,864 $109,100
# 6 #6 University of Minnesota Online $13,364 $102,050
# 7 #7 Park University $12,450 $100,000
# 8 #8 Old Dominion University $12,210 $92,400
# 9 #9 Wilmington University $11,811 $91,600
# 10 #10 University of Maryland Global Campus $14,970 $88,200
# 11 #11 Florida International University $10,376 $84,300
# 12 #12 Rutgers University-Camden $29,012 $91,100
# 13 #13 Troy University $10,140 $82,800
# 14 #14 Northern State University $10,537 $82,300
# 15 #15 University of Massachusetts - Dartmouth $12,060 $81,800
# 16 #16 National University $16,650 $81,400
# 17 #17 DeSales University $15,240 $79,700
# 18 #18 Bemidji State University $8,758 $76,800
# 19 #19 Columbia College $11,250 $77,300
# 20 #20 Northwood University-Michigan $14,105 $78,100
# 21 #21 Kansas State University $14,745 $78,300
# 22 #22 Dallas Baptist University $29,220 $84,000
# 23 #23 Franklin University $12,338 $76,100
# 24 #24 University of Memphis $15,390 $76,900
Salary data provided by Payscale Logo
Find an Online Degree:
Find an Online Degree:

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

Finance students have the option of earning degrees at every level through online programs. The associate degree curriculum introduces students to key topics in the field, such as financial institutions, financial statement analysis, global economic trends, and investments. Bachelor’s programs offer students a broader, more well-rounded education with additional general education and business core courses. Finance major courses may include analysis for financial management, ethics, financial markets and institutions, and investments and portfolio management. Bachelor’s programs usually include a capstone course, which requires enrollees to complete a business project.

Online graduate degrees in finance are designed for those who want to expand upon 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. 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.

Is a Finance Degree Better Than an Accounting Degree?

Both finance and accounting are math-heavy programs that involve a great deal of analytical thinking, which some students may find challenging. However, these majors are well suited to those who are detail-oriented and enjoy working with numbers. Accounting focuses on documenting, tracking, and interpreting financial data primarily for business organizations, where finance is focused on the management, growth, and protection of money for individuals and organizations. Finance may be the more versatile of the two, as a degree in finance prepares students for a broad range of occupations in many types of work environments.

Interested in learning about similar degree programs? View OnlineU's lists of the best online bachelor's in accounting, best online bachelor's in business management, and accredited online bachelor's in economics programs.


Online Bachelor's Degrees in Finance

A bachelor’s degree in finance combines a core of business classes with the financial expertise to develop financial reports, analyze financial data, and effectively invest an individual's or organization’s capital. Some finance programs include courses from the arts and humanities for a Bachelor of Arts degree, while others focus on building industry-specific skills, leading to a Bachelor of Science degree. There are also some schools that offer a Bachelor of Business Administration degree with a concentration in finance.

A bachelor’s degree in finance combines a core of business classes with the financial expertise to develop financial reports, analyze financial data, and effectively invest an individual's or organization’s capital.

Like most bachelor's degrees, a finance degree typically requires the completion of 120 credit hours of coursework. Most students need approximately four years to complete graduation requirements. However, students who have already taken some college classes may be able to graduate in less time, and those who've earned associate degrees may earn a bachelor's degree in as little as two years. Applicants need a high school diploma or the equivalent to be considered, and they may be required to have a minimum GPA of 2.5 and high scores on the ACT or SAT. Tuition rates for online finance programs vary, but some schools offer in-state resident tuition to online students.


Online Bachelor's in Finance Courses

Although finance programs include a number of specialized courses on finance, they often begin by introducing students to the fundamental concepts of business. Among the core business courses typically included in an online finance program are Principles of Management, Accounting, Business Law, Macroeconomics, Microeconomics, Business Information Systems, and Introduction to Corporate Finance. Students then proceed to take core courses in finance, which may include the following.

  • International Finance: Especially useful for students headed toward careers in international business, this course explores some of the common characteristics and financial uncertainty involved in global finance. Key concepts include fixed versus floating exchange rates, currency swaps, currency derivatives, international tax management, diversification, and emerging equity markets.
  • Investments: Some finance majors may decide to become financial planners, and this course helps prepare students for a career in managing investments. Students learn various methods, techniques, and strategies for developing and maintaining financial portfolios that meet specific investment goals. Additional topics include mutual funds, retirement savings, and commodities.
  • Money and Banking: In this course, students explore the role of banking and other financial institutions in the economy. Some of the many topics covered include money markets, interest rates, capital markets, the Federal Reserve system, bank management, foreign exchange markets, and monetary theory and policy. Coursework may also explain the causes and outcomes of recent financial crises.
  • Risk Management and Insurance: All business organizations face some degree of financial risk, so this course teaches students common methods of risk assessment and strategies for minimizing an organization's exposure. Coursework also covers the need for insurance — one of the primary tools used in managing risk — and details various types of insurance, such as life, property, medical, and liability insurance.
  • Advanced Corporate Finance: While introductory Corporate Finance courses typically provide a broad overview for all business students, this advanced course expands on many key topics such as valuation, cost of capital, capital management, equity and debt financing, and option pricing theory and applications. Coursework challenges students to think like financial executives when making strategic decisions. This course may be considered a capstone course in some programs.

Accreditation for Finance Degrees

When researching programs, it's important for prospective students to look for accredited online finance programs. Accreditation is a designation granted to institutions of higher education that meet high 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 program within the school has been approved. Finance degree programs are often accredited by one of two agencies that specialize in business programs: the Association to Advance Collegiate Schools of Business or the Accreditation Council for Business Schools & Programs.

Accreditation helps reassure students that they're receiving a high-quality education and that their online finance degree will be valued by future employers. Attending an accredited school is also necessary for students who plan to apply for federal financial aid or graduate school. To confirm a school's accreditation status, students can check the U.S. Department of Education or Council for Higher Education Accreditation databases.

Attending an accredited school is also necessary for students who plan to apply for federal financial aid or graduate school.

Is an Online Finance Degree Worth It?

In the finance industry, a bachelor's degree in finance or business is a requirement for most entry-level positions. Yet, it's not unusual for prospective students to wonder whether earning a degree will be worth the investment of money, time, and effort. Most students have personal circumstances that need to be factored into their decision, such as career goals, responsibilities, and financial resources. Individuals who are trying to decide if they should pursue an online finance degree may want to consider some of the following pros and cons:

Potential Advantages

  • The study of finance develops a broad base of skills. Finance programs typically require students to take courses from several different business disciplines. In the process, they learn such skills as how to prepare financial documents and how to use common business software programs. These courses also provide opportunities to enhance "soft" skills, including analysis, problem solving, and strategic thinking.
  • A finance degree can lead to a wide range of occupations. The financial expertise and business acumen students gain while earning their degrees helps prepare them for many different career paths. Some graduates may prefer to work with individuals and families as advisors or bankers, while others may want to manage the finances of business organizations. Additionally, the well-rounded education in business that comes with a finance degree allows alumni to branch out into far more business-related careers, even venturing into entrepreneurship.
  • Distance learning means having more education options. By including online finance programs in the mix of possibilities, prospective students can select the best finance program to fit their career aspirations and budget without having to relocate.

Potential Drawbacks

  • Finance professionals often work in stressful environments. Many finance occupations require employees to put in long days with the possibility of evenings and weekends devoted to work. Additionally, the work can be intellectually and emotionally taxing because professionals are managing large amounts of money for other people.
  • The distance learning environment makes it more difficult to network. Because online students don't typically connect with peers and professors in person, they may have to put more effort into establishing relationships, primarily through discussion boards and email.

What Can You Do With an Online Bachelor's in Finance Degree?

A career in finance may be an excellent choice for those interested in wealth management and growth, whether it's for individuals or business organizations. Bachelor's in finance graduates earn $73,000 a year on average, but many finance professionals earn higher wages. For example, personal financial advisors and financial analysts have median annual salaries over $80,000, while financial managers are among the highest paid, earning annual wages well over $100,000. The following list includes some entry-level careers open to finance majors, as well as potential paths for growth in the field.

Loan Officers
Median Annual Salary: $63,960
Loan officers typically work in commercial banks and other types of financial institutions. They are responsible for evaluating and approving or denying loan applications, a process that is carefully governed by policies and regulations. The BLS notes that the median annual salary for loan officers is $63,960, and about 25,000 new openings are projected to emerge each year through 2030.
Securities, Commodities, and Financial Services Sales Agents
Median Annual Salary: $64,770
The people who buy and sell — or advise others to buy and sell — various types of investments and services are securities, commodities, and financial services sales agents. These sales agents face a great deal of stress because they are often handling large amounts of money on tight deadlines in an environment that is constantly changing. The median annual salary for financial services sales agents is $64,770, and the BLS projects that 42,500 new jobs will emerge annually for the next several years. A graduate degree in business may be needed to advance in this occupation.
Personal Financial Advisors
Median Annual Salary: $89,330
Personal financial advisors work with individuals and families to help them meet their financial goals, such as paying off a mortgage, providing college tuition for children, or saving money for retirement. Advisors make recommendations regarding individual investments as well as overall portfolios of investments. The median annual salary for personal financial advisors is $89,330, and 21,500 new openings are projected to emerge annually from 2020 to 2030.
Financial Analysts
Median Annual Salary: $83,660
There are several specializations within the field of financial analysis, but in general financial analysts help businesses and individuals manage their investments in order to make a profit. For example, after determining an organization's time frame, investment goals, and risk tolerance, a financial analyst recommends the investment vehicles that should generate appropriate returns. Per the BLS, financial analysts earn a median annual salary of $83,660, and 41,000 new openings are expected to emerge each year through 2030.
Financial Managers
Median Annual Salary: $134,180
Financial managers make sure that the funds in an organization are managed appropriately and strategically. They create financial reports, direct funds to different projects, oversee the flow of cash, and purchase appropriate insurance. Financial managers, who typically have at least five years of prior experience before obtaining these positions, earn a median annual salary of $134,180. This is a high-growth occupation with 64,200 new openings projected to emerge each year between 2020 and 2030.

Certifications for Finance Professionals

Finance professionals may decide to pursue some form of certification, depending on their chosen occupation. In many cases certification is optional, but it may make job candidates more attractive because it demonstrates expertise and a commitment to professional growth. The following are just some of the more common certifications in the finance industry.

Chartered Financial Analyst

The CFA program, sponsored by the CFA Institute, is a certification for investment professionals. The certification assures that its holders are adept in concepts of portfolio management, wealth planning, and financial analysis. To earn CFA certification, candidates must pass a three-part exam, and test preparation tools are available.

Certified Financial Planner

Becoming a Certified Financial Planner — which is not necessarily required but is often preferred — is a rigorous process that can take up to two years to complete. In addition to holding a bachelor's degree, candidates must accumulate many hours of professional experience before passing the CFP exam, sponsored by the Certified Financial Planner Board of Standards.

Chartered Financial Consultant

Another possible credential for financial planners is the Chartered Financial Consultant, sponsored by the American College of Financial Services. Candidates for the ChFC must have a bachelor's degree, complete eight additional courses, and have accumulated three years of full-time work experience before sitting for the exam.

Financial Risk Manager

The Financial Risk Manager certification is not required, but this designation may help candidates stand out to many of the top banks and financial institutions. The Global Association of Risk Professionals monitors the exam and provides test-preparation study tools.

Mortgage Loan Originator

Those who aspire to become mortgage loan originators are required to obtain state licensure and pass the SAFE MLO test, monitored by the National Mortgage Licensing Service. Licensing requirements vary by state. Candidates must complete 20 hours of licensing courses before taking the exam.

This website offers school details to prospective students as an informational resource. The appearance of a school listing on this website should not be interpreted as an endorsement of the school by this site.

Related Articles

2022 Best Online Colleges in the U.S.

Earning an online bachelor's degree can vastly expand your career options and earning power. We've ranked the best colleges by alumni salaries.

By Shadi Bushra | 7/19/2022

2022 Best Online Business Degree Programs

Explore the best accredited colleges offering online business degrees ranked based on alumni salary.

By the OnlineU team | 6/7/2022

Best Online Bachelor's in Business Management Degrees

Our lists of the best online bachelor's in business management degrees rank schools according to their annual tuition rates and alumni salaries.

By OnlineU Staff | 11/19/2021

ADVERTISEMENT

Start Your Online College Search:

Review schools that align with your career aspirations.

ADVERTISEMENT

Start Your Online College Search:

Review schools that align with your career aspirations.