Top 25 Most Affordable Online Master of Finance Degree Programs 2017

The U.S. Bureau of Labor Statistics projects steady growth in several financial occupations through 2022. Positions such as actuary, financial advisor, financial analyst, and management analyst are expected to have faster than average growth. This increased need for financial graduates means that there is a demand for qualified financial experts with a master’s in finance who have the knowledge and skills to minimize risk and maximize return on investments. An online master’s in finance can provide students with the education they need to be competitive in the job market, while allowing students to meet the demands of work and family life.

We created this list of the top most affordable online master of finance degree programs because we understand that finding an affordable, quality online master’s in finance is important. We conducted a search using College Navigator to find schools offering online programs in finance. We narrowed down our selection to exclude MBA and accounting programs, leaving only master’s programs in an area of finance. From that list, we confirmed accreditation and ranked them in order of average graduate tuition rates provided by College Navigator. Below is our list of the top most affordable online master of finance degree programs in order of cost, from highest to lowest.

#25. University of Miami-Coral Gables, Miami

Master’s in Finance Online

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Average Graduate Tuition Per Year: $34,200/year

Unique Features
The affordable online Master’s in Finance from the University of Miami is a 16-month program with AACSB International accreditation. Students can earn a Certificate in Corporate Finance or a Certificate in Financial Decision Making as part of the master’s program. This 32-credit hour program includes coursework in corporate finance and investments, international investments and valuation, financial decision making, and management information systems. Online students have access to on-campus networking opportunities to meet other like-minded students and engage with faculty. Graduates have gone on to work for companies such as United Airlines, Citibank, and JP Morgan.

#24. Suffolk University-Boston, Massachusetts

Master of Science in Finance Online

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Average Graduate Tuition Per Year: $32,333/year

Unique Features
Accredited by AACBS International, the online master’s in finance from Suffolk University is one of the top finance programs in the country. Students can work on their degree either full-time or part-time depending on their schedule. Full-time students can complete the program in just one year of study while part time students may take up to two years. As the only program in New England that is part of the CFA Institute University Recognition Program and a GARP Academic Partner, students are positioned to do well whether they plan to earn their CFA or FRM designations. Concentrations are available in Risk Management, Investments, or Corporate Finance. The EDGE Professional Development workshops are available to students to assist with resume building, networking, interviewing skills, and writing a cover letter.

#23. Drexel University-Philadelphia, Pennsylvania

Online Master of Science in Finance

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Average Graduate Tuition Per Year: $32,184/year

Unique Features
Drexel University features an online master’s in finance that prepares students for careers in areas such as private wealth management, security analysis, public accounting, and banking. Courses are offered in four 10-week quarters, allowing students to move through the program quickly and save money. Students learn concepts related to financial institutions and markets, business conditions and forecasting, investment management, risk management, and statistics. Internship and professional development opportunities are also available to online students. This top accredited online master’s in finance is ideal for students just starting out in their career or those who seek career advancement.

#22. Northeastern University-Boston, Massachusetts

Online Master of Science in Finance

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Average Graduate Tuition Per Year: $23,728/year

Unique Features
Ranked by U.S. News and World Report as one of the best online graduate business programs and accredited by the AACSB, the online master’s in finance at Northeastern University is certainly a best buy for those who want to expand their expertise in finance. Faculty are experts in finance and have experience in teaching, learning, and research. Students learn advanced communication skills to effectively lead teams and collaborate with other industry leaders around the globe. Coursework is offered 100% online with no residency requirements. Students can complete their degree in just 16 months while they continue to work in their local communities. Program tracks are available in either Corporate Finance or Investment Finance. Students who want to pursue their MBA can consider a dual degree option of an online Master of Science in Finance/MBA.

#21. Penn State World Campus-University Park, Pennsylvania

Master of Finance Online

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Average Graduate Tuition Per Year: $19,217/year

Unique Features
Penn State World Campus features an AACSB accredited online master’s in finance, nationally recognized by U.S. News and World Report as one of the best graduate business programs in the country. This 30-credit hour program can prepare students for a variety of certification examinations including the Chartered Financial Analyst certification. This top affordable online master’s in finance follows a cohort model, allowing students to work together as a team while building relationships. The program is ideal for students who want to pursue a career in financial management or investment management and have completed some coursework in business or statistics. Graduates have gone on to be successful working as financial analysts, financial model builders. Investment bankers, financial risk managers, and corporate finance officers.

#20. Southern New Hampshire University-Manchester, New Hampshire

Online MS in Finance

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Average Graduate Tuition Per Year: $18,810/year

Unique Features
Southern New Hampshire University offers an online master’s in finance that can be completed in just 15 months of study. Students are prepared to take the Chartered Financial Analyst Level 1 exam after completing the program and a test-prep course. Concentrations are available in both Corporate Finance and Investments & Securities. There is no GMAT or GRE test requirements for admission. Faculty are experienced in the field and offer a real-world perspective on issues and topics directly related to finance. With no on-campus residency requirements and 24/7 access to coursework, this program is ideal for the working professional.

#19. Golden Gate University-San Francisco, California

Master of Science in Finance Online

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Average Graduate Tuition Per Year: $17,550/year

Unique Features
The affordable online master’s in finance program at Golden Gate University provides students with the specialized knowledge needed to advance as a financial manager or investment advisor. Concentrations are available in either corporate finance or investment management, but students are also welcome to complete the general finance concentration option. This program differs from an MBA program by offering a focused set of coursework that is relevant to finance professionals rather than a broad spectrum of business coursework. This 45 credit hour program features coursework representing the foundations of finance-corporate finance, investments, and capital markets.

#18. University of Washington-Seattle, Washington

Online Master’s in Computational Finance and Risk Management

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Average Graduate Tuition Per Year: $15,207/year

Unique Features
The online master’s in Computational Finance and Risk Management at the University of Washington is a rigorous program designed to teach students about finance, risk management, and computing. Students can attend either full-time or part-time, with part-time students completing the program in about three years. Students typically have a wide range of experiences, from new graduates to seasoned financial professionals. This 42 credit hour program covers subject areas such as quantitative finance, R finance packages and open source programming, and risk management. Online students pay low resident tuition rates regardless of their physical location.

#17. Saint Xavier University-Chicago, Illinois

Online Master of Science in Finance

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Average Graduate Tuition Per Year: $15,100/year

Unique Features
Saint Xavier University is recognized by U.S. News and World Report as one of the best Midwest regional universities and features an affordable online accredited master’s in finance. This innovative online finance master’s program incorporates hands-on instruction in a virtual classroom environment using software such as MATLAB, Hadoop, R and SAS. The rigorous curriculum prepares students to successfully pass the CFA exam. A focus on risk-management gives students the training and education to be responsible financial managers. Students have the opportunity to participate in the Business Executive for Student Transformation (BEST) program which provides mentorship opportunities with successful financial professionals to help with career planning and networking.

#16. Creighton University-Omaha Nebraska

Online Master of Investment Management and Financial Analysis

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Average Graduate Tuition Per Year: $14,760/year

Unique Features
The accredited online master’s in Investment Management and Financial Analysis offered by Creighton University is designed to give students a professional edge working toward a successful career in security analysis and portfolio management. Creighton is the only official program partner of the Chartered Financial Analyst (CFA) Institute offering a fully online, specialized finance master’s degree. Students working full-time jobs can typically complete the program in two to three years of study and are not required to complete a residency.

#15. New England College of Business-Henniker, New Hampshire

Master of Science in Finance Online

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Average Graduate Tuition Per Year: $13,560/year

Unique Features
Students looking for an affordable private institution offering an online master’s in finance should consider the New England College of Business. NECB also features a concentration in Global Finance Trading for students with an interest in finance from a global perspective. Offered in an accelerated format, the program can be completed in just 15 months of continuous enrollment. Coursework is offered entirely online with no residency requirements and instructors are experienced teaching online learners. Graduates are prepared to pursue professional designations including the CFP, ChFC, and CFA which are all highly desired certifications.

#14. Davenport University-Grand Rapids, Michigan

Online Master of Accountancy with a Concentration in Finance

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Average Graduate Tuition Per Year: $12,942/year

Unique Features
The Master of Accountancy program with a specialization in finance at Davenport University is a great choice for students who want to learn how to analyze financial information, conduct financial planning, and understand the overall financial position of their company. Davenport University offers an employment guarantee which awards students additional education benefits if they are unable to secure employment within six months of graduation. Students are also assigned a mentor who can assist with career planning.

#13. Webster University-St. Louis, Missouri

Master of Science in Finance Online

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Average Graduate Tuition Per Year: $12,690/year

Unique Features
Webster University features an online master’s in finance accredited by the ACBSP that can be completed as a stand alone master’s or as a dual degree MBA/MS in Finance. Students can choose from a variety of elective coursework to prepare for advanced certification such as the CFA or CFP. A capstone experience is featured at the end of the program which enables students to apply their knowledge and skills acquired through the program.

#12. Johnson and Wales University-Providence, Rhode Island

Online Master of Science in Finance

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Average Graduate Tuition Per Year: $11,826/year

Unique Features
Johnson and Wales University offers a flexible online finance master’s degree that can be completed in just 15 months of study following an accelerated schedule. Faculty are professionally accredited and understand the needs of today’s market and what it takes to be successful. Students can elect to focus on a specialization as a financial planner or a Chartered Financial Analyst. There is no residency requirement, and students can complete coursework online when it is most convenient.

#11. Bellevue University-Bellevue, Nebraska

Master of Science in Strategic Finance Online

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Average Graduate Tuition Per Year: $9,810/year

Unique Features
The affordable online master’s in finance degree at Bellevue University is a flexible program with a real world-focused curriculum. Students develop sound financial decision making skills by focusing on risk management, business strategy, and value optimization in real-world situations. This 36 credit hour program features 19 different areas of concentration including concentrations in cybersecurity, executive coaching, human capital management, international management, and information security management. Students complete a 27 credit hour MSSF core set of courses and nine credit hours in their area of concentration. Students interested in pursuing a second master’s degree can do so with as little as an additional 18 credit hours.

#10. Ohio University-Athens, Ohio

Online Master of Financial Economics

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Average Graduate Tuition Per Year: $9,510/year

Unique Features
Ohio University’s online master’s in finance is ranked #14 in the country by Financial Times and was designed by Wall Street executives. This affordable finance master’s online degree requires no GRE/GMAT test scores and is endorsed by the Chartered Financial Analyst Institute. Graduates score well above average on the Chartered Financial Analyst exams, which is a critical indicator of the effectiveness of the program. Most students can graduate in just two years of study, with graduates finding employment in banks, brokerage firms, investment banks, mutual funds, and private corporations.

#9. Kaplan University-Davenport, Iowa

Master of Science Degree in Finance

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Average Graduate Tuition Per Year: $9,432/year

Unique Features
The online master’s in finance at Kaplan University provides students with a rigorous curriculum, focused on real-world situations and financial problem solving. Students learn to analyze decisions, understand risk management and investment analysis, and comply with legal requirements in an ethical manner. Kaplan offers students multiple start dates throughout the year, so students can begin the program when it is most convenient. Concentrations are available in either Financial Analysis or Financial Planning, providing even greater flexibility and focus.

#8. Auburn University-Auburn, Alabama

Master of Science in Finance-Online

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Average Graduate Tuition Per Year: $9,072/year

Unique Features
The accredited online master’s in finance at Auburn University is a 30 credit hour program (provided students have completed common body of knowledge courses in undergraduate school) designed for students who plan to continue working while continuing their education. Applications are accepted in both the fall and spring semester and the program is available to students in the U.S., Canada, or those in the military. Accredited by the AACSB, the online master’s in finance features the same lectures, faculty, and projects as the traditional program and is just as rigorous.

#7. Colorado State University-Fort Collins, Colorado

Master of Finance Online

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Average Graduate Tuition Per Year: $9,000/year

Unique Features
Colorado State University offers an online master’s in finance that prepares students for a career as a financial manager or leader in a corporate environment. Students study economics, decision making, risk management, strategic planning, and reporting. Faculty are experienced industry professionals who are trained to teach to online students, keeping them engaged. This 36 credit hour master’s degree is comprised of eight-three credit hour courses which include additional coursework in an area of specialization.

#6. Indiana University-Bloomington, Indiana

Online MS in Finance

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Average Graduate Tuition Per Year: $8,695/year

Unique Features
The Kelley School of Business at Indiana University offers a 30 credit hour online master’s in finance that can be completed in just 15 months of full time study. Students learn about a variety of topics including financial management, quantitative analysis, value creation, economics, risk management, and capital markets. There is a short residency required as part of the program in finance valuation, but aside from that, the entire program is offered online. Students interested in broad management skills can also earn an online MBA through the dual degree program, saving time and money.

#5. Youngstown State University-Youngstown, Ohio

Online Master of Arts, Financial Economics

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Average Graduate Tuition Per Year: $8,492/year

Unique Features
Youngstown State University offers an online master’s in financial economics that is one of only two such online programs in the country. Students gain an understanding of both microeconomics and macroeconomics, various financial markets and models, and utilize advanced statistical software such as Stata and SAS. The program is ideal for working professionals who need an online program with flexibility in order to continue working.

#4. University of Maryland University College-Adelphi, Maryland

Online Master of Science in Accounting and Financial Management or Financial Management and Information Systems

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Average Graduate Tuition Per Year: $8,244/year

Unique Features
The University of Maryland University College offers two different online master’s in finance. The online master’s in accounting and financial management is a 36 credit hour program that is popular among military spouses and family members. Graduates are prepared for a variety of certifications in accounting, financial management, auditing, and fraud certification. The online master’s in financial management specialization is also designed to provide students with the skills and training necessary to become a manager, treasurer, or analyst.

#3. Gardner-Webb University-Boiling Springs, North Carolina

Online Master of Accountancy

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Average Graduate Tuition Per Year: $7,722/year

Unique Features
Gardner-Webb University features an online master of accountancy that prepares students for upper level accounting and financial positions. This 30 credit hour program includes 15 credits of core curriculum, nine elective hours and six business elective hours. Students may select an area of emphasis if they desire to align their coursework with their intended career path. A capstone project is required to allow students to demonstrate their skills and knowledge acquired throughout the program.

#2. University of Houston-Clear Lake-Houston, Texas

Finance MS Online

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Average Graduate Tuition Per Year: $7,074/year

Unique Features
The online master’s in finance at the University of Houston is a 30 credit hour program that can be completed either full time or part time to allow for flexibility. Course offerings include corporate finance, investment management, international finance, portfolio management, quantitative methods in finance. Considered one of the best graduate programs in 2016 by U.S. News and World Report and accredited AACSB, the online master’s in finance is a reputable, quality program that is also affordable.

#1. West Texas A&M University-Canyon, Texas

Online Master of Science in Finance and Economics

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Average Graduate Tuition Per Year: $4,402/year

Unique Features
West Texas A&M University offers the most affordable online master’s in finance to make our list. Ranked by U.S. News and World Report as one of the best graduate business programs in the country, the online master’s in finance is designed for students who want to better understand finance and economics. The 36 credit hour program can be completed in just two years of study, although some full time students may finish in as little as one year.