Top 5 Online MBAs in Finance in 2022

Updated October 10, 2022

Graduates with an online MBA in finance can help businesses direct their long-term financial investments. Click here to see some of the top online MBA programs for 2022.

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Online MBA degrees in finance often enable career transition or advancement for professionals who want to retain their current jobs while in school. Today's top online MBA programs have similar content and rigor to on-campus programs, and finance MBAs emphasize foundational business management skills relevant to business and financial occupations -- which significantly more than the national median annual salary.

Online finance MBA programs differ considerably in quality, structure, and curricular foci, so take the time to research and compare prospective programs carefully. The following guide surveys possible curricula, career paths, and salaries associated with this degree. Readers can also find scholarships and professional organizations beneficial to online finance MBA students.

What Is an MBA in Finance?

Designed as preparation for business and financial management careers, MBAs in finance integrate coursework in management, finance, and marketing. Students also cultivate knowledge and skills in accounting, budgeting, and compliance. This versatile degree program can lead to careers in many fields, including marketing management, financial advising, and fundraising.

Due to growing demand for advanced business acumen and managerial skills, financial managers enjoy good job prospects. The Bureau of Labor Statistics (BLS) projects a 17% growth in financial manager positions from 2020-2030. PayScale reports that the average annual salary for professionals holding finance MBAs was $101,000 as of December 2021.

Why Should You Get an Online MBA in Finance?

Unrestricted by commuting constraints, online students may consider the nation's best online MBA programs. The location and schedule flexibility afforded by distance learning MBA programs allows working professionals to use their after-work hours to acquire new skills, expand their career options, and increase their salary potential. Often populated by working professionals, top online MBA programs in finance offer excellent networking opportunities that can lead to career advancement.

Working professionals also pursue finance MBA programs in hopes of promotion and/or salary advancement. Unlike MA or MS degrees in finance, which prepare students for finance-specific positions, MBAs in finance provide diverse and flexible general skills that prepare graduates for more various, higher-paying careers in finance.

Midcareer financial controllers earned an average annual salary of $85,380 as of December 2021, according to PayScale. Financial directors earned an average annual salary of $114,220 as of December 2021. Financial managers, on the other hand, earn a median annual salary of $134,180. Keep in mind that salaries vary based on job title, employer, and industry, and that other factors such as work experience and location also influence salary potential.

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What Can You Do With an MBA in Finance?

Finance Director

Finance directors oversee finance departments and teams in creating and implementing financial strategies. Finance directors possess advanced skills in accounting and financial analysis, projection, and reporting, and they typically need master's degrees in business administration, finance, or related fields. As managers, these leaders also hire and evaluate finance staff. Finance directors earn an average annual salary of $114,220, according to December 2021 PayScale data.

Certified Public Accountant

Accountants and auditors produce, organize, prepare, and review tax documents and other financial records, checking for accuracy and compliance with tax laws. These professionals may work for companies, governments, organizations, or private clients, and may specialize in areas such as auditing, financial planning, or valuation. CPAs sometimes help their employers streamline financial processes such as bookkeeping. PayScale reports that as of December 2021, CPAs made $69,780. The BLS projects a 7% job growth for accountants and auditors from 2020-2030.

Financial Controller

These professionals oversee financial departments such as accounting, auditing, or budgeting. Financial controllers frequently generate financial analyses, projections, and plans. This role also involves regulation compliance paperwork and financial reporting duties. Financial controllers need excellent communication, problem-solving, and quantitative skills. Most financial controllers hold related master's degrees and professional CPA, financial accountant, or financial manager certifications. Financial controllers earned an average annual salary of $86,280 as of December 2021.

Financial Manager

Tasked with ensuring their organizations' financial health, financial managers create financial goals, strategies, and plans to safeguard and improve their companies' financial success. These professionals need analytical and leadership skill sets to analyze data and market trends, direct investments, and supervise financial staff. Types of financial managers include credit or cash managers, treasurers, risk managers, and financial controllers. According to the BLS, financial managers earned a median annual salary of $134,180 as of 2020. The BLS also projects a 17% growth for this profession between 2020-2030.

Financial Analyst

Financial analysts advise public companies or private clients regarding financial investments. Financial analysts evaluate existing investments, such as stocks and bonds, and recommend new investments based on analysis of risk and market trends. These professionals may also evaluate company financial statements and management teams. Financial analysts need analytical, quantitative, and communication skills as they analyze and report to clients regarding investments and other financial information. Financial analysts earned a median annual salary of $83,660 as of 2020, according to the BLS. The BLS also projects a 6% increase in financial analyst positions from 2020-2030.

Online MBA in Finance Curriculum

Online finance MBA program curricula vary by school, but most programs integrate core business management coursework with finance-related courses such as budgeting or financial planning. See below for descriptions of three sample MBA in finance courses.

  • Budgeting

    Budgeting courses cover cost/benefits analysis, risk analysis, and financial data analysis. Students learn how to create operating budgets by calculating expenses, production, and revenue.
  • Financial Forecasting

    This course cultivates skills in financial analysis and planning, teaching students how to utilize financial statements and variance analysis to estimate differences between budgeted and actual expenses.
  • Financial Compliance

    Financial compliance courses familiarize students with current compliance rules and regulations. Subtopics covered often include security, risk management, ethics, and fraud.

See More Top MBA Programs

How to Choose the Right Online MBA in Finance Program

Aspiring graduate students in finance may choose from many related master's degrees, so take the time to compare available program types, curricula, and attendance structures.

Recent college graduates or inexperienced professionals interested in finance-specific careers such as investments or securities trading often opt for the master of finance, an MS degree which focuses only on finance courses and does not require prior work experience. Meanwhile, the tax-focused curriculum of the MS in taxation and accounting prepares aspiring accountants and tax professionals seeking CPA licensure.

Unlike these two narrower paths of study, the finance MBA program curriculum includes finance coursework and a focus on foundational business management skills and topics. As you decide where to apply, consider your career interests and goals carefully. Keep an eye out for MBA programs offering concentration options tailored to your desired industry, field, or position.

Finance-related master's programs also vary in quality, so take care to apply only to accredited schools and programs. Top online MBAs in finance boast regional accreditation status. High-quality business programs usually also boast accreditation by the Association to Advance Collegiate Schools of Business or the Accreditation Council for Collegiate Business Schools and Programs.

Your schedule limitations should also factor into application decisions. New college graduates and others with flexible schedules and considerable eagerness may consider full-time or accelerated MBA programs, while busy working professionals often prove better off in part-time programs. Experienced business leaders frequently opt for part-time executive MBA programs.

Top online MBA programs usually require capstone thesis or on-site internship components, so before you apply, make sure that you can meet these in-person requirements. Also keep in mind that school name-recognition and existing partnerships between local schools and businesses can enhance networking, internship, and employment opportunities.

Scholarships for Finance MBA Programs

MBA degrees often carry high price tags, but scholarships and other financial aid can help college students defray education expenses. You may qualify for general or business-related scholarships based on identity, financial need, academic merit, or area of study. See below for a sampling of available scholarships.

Jane M. Klausman Women in Business Scholarship

Who Can Apply: Women pursuing business-related programs at accredited schools within Zonta districts or regions may apply. Application requirements include two recommendation letters and a 500-word statement of purpose.

Amount: $2,000-8,000

Apply for Scholarship

Association of Women in International Trade Student Scholarship

Who Can Apply: Female part- or full-time students may apply if attending accredited U.S. schools and interested in international trade. Applicants submit an essay response to an application prompt about international trade.

Amount: $1,500 + one year WIIT membership and mentorship

Apply for Scholarship

Goldberg-Miller Public Finance Scholarship

Who Can Apply: The Government Finance Officers Association (GFOA) awards this scholarship to 11 outstanding students enrolled in business-related degree programs who plan to pursue careers in governmental finance.

Amount: $5,000-$20,000

Apply for Scholarship

Patsy Mink Foundation Education Support Awards

Who Can Apply: Low-income single mothers (with minor children) may apply for these scholarships while pursuing their first professional, undergraduate, or graduate degree at an accredited nonprofit school.

Amount: Up to $5,000

Apply for Scholarship

Professional Organizations for Finance

Financial professionals typically rely heavily on networking when advancing their careers. Many financial professionals and students utilize networking opportunities afforded by the conferences, online forums, and career centers run by professional organizations. Most professional organizations also administer certification programs and other continuing education courses that increase financial professionals' skills, knowledge, and marketability.

Institute of Management Accountants

Also called the Association of Accountants and Financial Professionals in Business, IMA connects financial and accounting professionals, certifies management accountants, and provides career advancement resources.

American Association of Finance & Accounting

Since 1978, AAFA has connected executive search firms hiring accounting and finance professionals across North America. AAFA provides talent-identifying tools for employers and job-finding tools for financial and accounting professionals.

Society of Financial Service Professionals

This multidisciplinary community boasts dozens of local chapters around the country. FSP provides publications, conferences, education, and professional development opportunities.

Association for Financial Professionals

This professional association connects and supports financial and treasury professionals through conferences, continuing education, and other career advancement resources.

Certified Financial Planner Board

The CFP Board establishes professional standards and provides related certifications for financial planners. This board boasts diverse resources including a career center, professional toolkits, and publications.

2022's Best MBAs in Finance

Online learners can explore many flexible and affordable MBA programs. See below for five top MBAs in finance in 2022. Our methodology considers factors like academics and program reputation.

#1 Top 5 Online MBAs in Finance in 2022

University of North Carolina at Chapel Hill

  • Chapel Hill, NC
  • 4 years
  • Online + Campus

One of the nation's top public colleges, UNC-Chapel Hill enrolls about 31,500 students. The school serves nearly 12,000 learners pursuing graduate and professional credentials. UNC Kenan-Flagler Business School offers a flexible online MBA.

MBA With a Concentration in Finance

UNC-Chapel Hill's MBA with a concentration in finance blends online classes with immersive experiences on campus and in cities around the world. Students can complete the degree in 18-36 months. Enrollees typically take two classes per quarter to complete the degree in two years. 

Learners gain skills in core business functions like finance, marketing, and operations. Students pursue finance training in areas such as taxation, managerial accounting, and financial statement analysis. 

Faculty integrate applied learning throughout the curriculum using immersives and global, hands-on opportunities. Enrollees can access recorded lectures and complete assignments when convenient. 

UNC-Chapel Hill's Affordability

Students pay the same tuition regardless of residency. The school participates in the Forté Fellowship Program, which financially supports qualified women pursuing an MBA. Learners can pay for their degree in many ways, including scholarships, employer tuition assistance, and student loans.

Program at a Glance

  • School Type: Public
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; Association to Advance Collegiate Schools of Business
  • Tuition: $125,589 total
  • Required Credits: 62 credits
  • Program Length: 18-36 months
  • Delivery Format: Hybrid (online and on campus)
  • Admissions
    • Process: Applicants need a bachelor's degree from an accredited college and at least two years of professional experience. Prospective enrollees must submit essays and two professional recommendations.
    • GPA: N/A
    • Standardized Tests: GMAT or GRE
    • Cost: $150
Average Tuition
In-state
$7,019
Out-of-state
$34,198
Retention Rate
96%
Admission Rate
23%
Students Enrolled
29,877
Institution Type
Public
Percent Online Enrollment
12% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#2 Top 5 Online MBAs in Finance in 2022

Texas A & M International University

  • Laredo, TX
  • 4 years
  • Online + Campus

Laredo-based TAMIU serves about 8,400 students. The school boasts affordable and accessible degrees that do not compromise rigor. 

MBA in International Banking and Finance

Students can pursue TAMIU's online MBA in international banking and finance with or without an undergraduate business degree. The 30-credit curriculum enhances students' general business and managerial skills. Learners can complete the degree in 15 months. The program's seven-week classes accommodate the needs of working students.

Enrollees study financial and strategic management principles and best practices. A seminar explores theoretical and applied management concepts. Degree-seekers also study topics like leadership and HR management. A required class provides an in-depth study of financial statement analysis. 

Degree-seekers complete three electives that teach international finance, international investments, and financial markets and institutions. The program offers six annual start dates.

TAMIU's Affordability

Students living in Texas pay the most affordable tuition. 

Program at a Glance

  • School Type: Public 
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; Association to Advance Collegiate Schools of Business
  • Tuition: $10,991 total for in-state learners; $30,900 total for out-of-state learners 
  • Required Credits: 30
  • Program Length: 15-24 months
  • Delivery Format: 100% online (asynchronous)
  • Admissions
    • Process: Applicants need a bachelor's degree from an accredited business school or a non-business bachelor's degree and prerequisite courses
    • GPA: 3.0
    • Standardized Tests: GRE or GMAT scores with waivers available
    • Cost: N/A
Average Tuition
In-state
$3,818
Out-of-state
$13,946
Retention Rate
79%
Admission Rate
54%
Students Enrolled
8,305
Institution Type
Public
Percent Online Enrollment
46% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#3 Top 5 Online MBAs in Finance in 2022

Babson College

  • Wellesley, MA
  • 4 years
  • Online + Campus

Massachusetts-based Babson College serves about 3,350 students, including almost 1,000 graduate degree-seekers. Students can earn an MBA online from the F.W. Olin Graduate School of Business.

MBA With a Concentration in Finance

Working students can enroll in Babson's online MBA program part time. The 45-credit program blends classroom and project-based learning.

One-third of the MBA's curriculum explores functional business areas like financial reporting and operations management. Students learn how to manage people and organizations. The concentration teaches students financial trading strategies. Enrollees also learn how to make sound investment and financing decisions. 

Students choose from several finance electives. Topics cover areas like capital markets and real estate financial modeling. Learners can customize their degree by completing independent research or a consulting project.

Babson's Affordability

All students pay the same tuition regardless of residency. The part-time online format lets learners continue their careers. Babson works with students to review financing options. The school offers aid such as need-based scholarships.

Program at a Glance

  • School Type: Private
  • Accreditation: New England Commission of Higher Education; Association to Advance Collegiate Schools of Business
  • Tuition: $1,990 per credit
  • Required Credits: 45
  • Program Length: N/A
  • Delivery Format: 100% online (asynchronous)
  • Admissions
    • Process: Applicants need a bachelor's degree. Prospective enrollees submit short-answer responses and a professional recommendation.
    • GPA: N/A
    • Standardized Tests: N/A
    • Cost: $100
Average Tuition
In-state
$52,608
Out-of-state
$52,608
Retention Rate
95%
Admission Rate
26%
Students Enrolled
3,325
Institution Type
Private
Percent Online Enrollment
1% Percentage of all students who are enrolled online.
Accreditation
Yes New England Commission on Higher Education

#4 Top 5 Online MBAs in Finance in 2022

University of Maryland-College Park

  • College Park, MD
  • 4 years
  • Online + Campus

The state's flagship college, UMD enrolls about 41,000 students. Enrollees attending the Robert H. Smith School of Business learn from world-class faculty. Learners can network with employers in the Washington, D.C., metro area. 

MBA With a Specialization in Finance

UMD's online MBA develops skilled managers who can guide businesses in a highly competitive landscape. Students can earn the MBA with a specialization in finance mostly online in 24 months. Enrollees meet with faculty and peers during opening and closing on-campus residencies.

Learners develop expertise in areas like finance and accounting. Students learn how to effectively influence others and enhance their negotiation skills. The specialization explores commercial bank management, financial restructuring, and applied equity analysis. Learners use their cross-functional knowledge to address real business problems.

Degree-seekers can access support services like career coaching, networking opportunities, and an online recruiting system. 

UMD's Affordability

All students pay the same tuition regardless of residency. The school offers financial awards to applicants based on academic and professional achievements. Students can pursue federal student loans to pay for their degree. They can also explore the reduced tuition program for employees of Smith's corporate partners.

Program at a Glance

  • School Type: Public
  • Accreditation: Middle States Commission on Higher Education; Association to Advance Collegiate Schools of Business
  • Tuition: $1,682 per credit
  • Required Credits: 54
  • Program Length: 24 months
  • Delivery Format: Hybrid (online and on campus)
  • Admissions
    • Process: Applicants need a bachelor's degree and strong quantitative skills shown through coursework or GMAT or GRE scores. The program recommends at least two years of professional work experience. 
    • GPA: N/A
    • Standardized Tests: GMAT or GRE
    • Cost: $75
Average Tuition
In-state
$8,824
Out-of-state
$34,936
Retention Rate
95%
Admission Rate
44%
Students Enrolled
40,743
Institution Type
Public
Percent Online Enrollment
19% Percentage of all students who are enrolled online.
Accreditation
Yes Middle States Commission on Higher Education

#5 Top 5 Online MBAs in Finance in 2022

University of North Carolina Wilmington

  • Wilmington, NC
  • 4 years
  • Online + Campus

Part of a 17-campus system, UNCW enrolls about 18,000 students. The school's catalog includes 37 master's and five doctoral degrees. The business school offers online and executive MBA programs, each with 10 specializations.

MBA With a Specialization in Finance

UNCW's MBA in finance enrolls business professionals who work in finance and those who want to enhance their knowledge. Full-time students can complete 36 credits in 12 months. The online curriculum provides training in core areas of business operations. Learners take classes in business law, accounting, economics, and corporate finance. 

Students supplement core MBA classes with financial training in specialized fields. For example, degree-seekers can study healthcare finance and real estate investment analysis. They can also pursue finance expertise in investment management or financial statement analysis. The program offers six annual start dates.

UNCW's Affordability

North Carolina residents pay the most affordable tuition. The MBA's accelerated format saves students time and money. 

Program at a Glance

  • School Type: Public 
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; Association to Advance Collegiate Schools of Business
  • Tuition: $503 per credit for in-state learners; $1,271 per credit for out-of-state learners
  • Required Credits: 36
  • Program Length: 12 months
  • Delivery Format: 100% online (asynchronous)
  • Admissions
    • Process: Admission requires a bachelor's degree and at least two years of professional work experience. Applicants submit school transcripts from all colleges, a resume, and two recommendation letters.
    • GPA: 3.0
    • Standardized Tests: GMAT or GRE with waivers available
    • Cost: N/A
Average Tuition
In-state
$4,443
Out-of-state
$18,508
Retention Rate
86%
Admission Rate
65%
Students Enrolled
17,499
Institution Type
Public
Percent Online Enrollment
49% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

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