Earning a Master in Finance degree allows professionals to enhance their current skills and knowledge to expand their career opportunities, and to venture along a path to increasing their wages. Attending a school that offers one of the best Masters in Finance programs provides the tools for the graduate to become a leader that excels in the field of finance.
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Top Reasons to Earn a Master’s in Finance Degree
One reason for earning a master’s degree in finance is the fact that the skillset is easily translated across a variety of different fields in the finance sector. The Bureau of Labor Statistics lists financial managers, financial examiners, budget analysts, compensation, benefits and job analysis specialists as some fields with faster than average or much faster than average job growth through at least the year 2029. The anticipated job growth rate for financial managers is 15 percent, which is much faster than average, while the expected job growth for financial examiners is faster than average, compared to other occupations.
Although some career positions in finance may require only a bachelor’s degree, there is strong documentation demonstrating that workers with a master’s degree often earn wage premiums over the earnings of a person with a bachelor’s degree. Northeastern University lists a master’s degree in finance on its list of the top eight highest paying master’s degrees for 2021. The university referred to a recent survey that indicated that professionals with a master’s degree earn an average of 28 percent higher wages than individuals that do not hold a master’s degree.
The Bureau of Labor Statistics (BLS) reported similar information, indicating that financial managers with a master’s degree earned as much as a 41 percent wage premium over financial managers that held only a bachelor’s degree. In fact, workers in the finance industry enjoy ‘some of the highest wage premiums’ for workers that have a master’s degree.
The tuition rate for these best master’s in finance programs covers the cost of one credit hour of instruction. It does not include costs associated with required fees, books, supplies, or other costs unless stated otherwise in the description of a particular school. The stated tuition rate is based on resident tuition. Some colleges and universities charge different tuition rates for non-resident students.
|1||Colorado State University||Fort Collins, Colorado|
|2||University of Nebraska-Lincoln||Lincoln, Nebraska|
|3||University of Arkansas||Fayetteville, Arkansas|
|4||Ohio State University||Columbus, Ohio|
|5||University of Massachusetts Boston||Boston, Massachusetts|
Here are the best Master’s in Finance Programs in 2020!
Colorado State University
The Master of Finance (M.Fin.) program at Colorado State University is a comprehensive, highly quantitative program. The curriculum focuses on the principles, processes and practices of investment analysis, corporate finance, risk management, and portfolio management.
Some courses in the curriculum include Quantitative Methods in Finance, International Finance, Real Estate Finance and Investments, and Financial Institutions Management.
University of Nebraska-Lincoln
The University of Nebraska-Lincoln offers a Master of Science in Finance program that prepares graduates for career advancement and to earn credentials that likely help students in their quest for improved career and earnings opportunities. The accelerated format program features leading-edge learning technology for students in the online program. The classes are optimized for mobile platforms.
A few of the courses that students complete include managerial finance, managerial economics, multinational financial analysis, fixed income analysis and cases in financial management.
University of Arkansas
The University of Arkansas offers the Master of Science in Finance degree for students that want to build upon their current knowledge and professional skills. Gain the knowledge of business intelligence and advanced programming, and an understanding of diverse perspectives and analytics that are required for success in the digital world related to finance.
There are four specialization options for students to choose from, including energy finance and risk management, finance and business analytics, finance and digital technology, and finance and supply chain management.
Ohio State University
The Ohio State University Specialized Master in Finance program is a rigorous and intensive program that provides students with real-world learning opportunities and the knowledge and tools required to master the skills required in the rapidly changing world of finance.
Some topics covered in the program include data analytics, applied economics, financial software, mergers and acquisitions, corporate restructuring and bankruptcy, and fixed income analysis. Other topics include investment philosophies, derivatives valuation, and real estate finance.
Students choose either the corporate finance track, the investment management track, the risk management, or the real estate track.
University of Massachusetts Boston
Students enrolled in the University of Massachusetts Boston Master of Finance program choose either the General Finance track or the Investment Management and Quantitative Finance track. The program consists of finance course requirements, elective courses, and a capstone project. Students gain problem identification and problem-solving skills, critical thinking skills and analytical skills, along with leadership and communications skills.
Admission to the program is highly competitive based on factors such as prior academic record, professional experience, recommendations, and other factors.
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Texas A&M University
Texas A&M University offers a Master of Science in Finance degree that prepares non-finance undergraduate to launch a career in finance upon completing this program. The school explains that students that have a quantitative undergraduate degree in areas such as economics or STEM are ‘highly sought after’ by employers
Students gain a new understanding of finance concepts and theories through the research and creativity of the program. Students choose the thesis or the non-thesis option.
University of South Florida
The Master of Science in Finance program offered by the University of South Florida places an emphasis on finance and economics. Students gain the education and skills necessary to compete in careers in corporate finance, financial services, investments, risk management, and other areas related to careers in finance.
The curriculum provides students with the foundation for completing several professional certifications. Some courses include Accounting Concepts for Managers, Financial Modeling and Analytics, Managerial Decision Analysis, and Investments.
University of Scranton
The University of Scranton offers an online Master of Science in Finance degree with a focus on responsible financial management. The school also offers the program in the traditional classroom environment.
Program topics include gaining knowledge in management theory and practice, managerial economics, financial markets, financial securities, capital budgeting techniques and other critical areas of knowledge. Students also gain advanced knowledge in corporate finance, quantitative methods, derivative securities and responsibility, sustainability, and justice.
Students receive a generous discount on the Wiley CFA Finance Review. They also have the option to become certified in Bloomberg Terminals, and receive the Bloomberg Market Concepts (BMC) certification at no additional cost.
University of Illinois Chicago
The University of Illinois Chicago, located just steps away from the city’s financial district, offers a Master of Science in Finance. The program is STEM-designated, and allows students to graduate with a solid foundation in the principles and practice of finance, along with the understanding of today’s concepts and issues related to finance.
Students choose their preferred specialization track from four options, which includes corporate finance, asset management, banking and capital markets or commodities, derivatives, and financial exchanges. There is also a virtual trading center for the benefit of students.
Achieve your educational and career goals when you graduate from Vanderbilt University with a Master of Science in Finance degree. Complete the fast-track program at a faster rate than the time it takes to complete a master’s in finance program at some other schools, and start enjoying the increased opportunities available to finance experts.
Gain a solid foundation in finance with a curriculum that allows students to tailor some classes based on their career goals and interests. Some courses include Finance Reporting, Econometrics, Financial Modeling and Corporate Valuation.
University of California at San Diego
The University of California at San Diego offers its Master of Finance (M.Fin.) degree through the Rady School of Management. The program features a rigorous curriculum with hands-on learning training opportunities with an emphasis on quantitative models and methods that trains students to develop innovative solutions to the complex problems of the finance industry.
Students receive rigorous instruction and training empirical finance, financial econometrics, data analysis, risk management and other in-demand skills and knowledge.
Tulane University invites prospective Master of Finance students to ‘go further in finance’ as they complete this degree program. The STEM-designated program prepares students to meet the challenges of today’s finance industry, and to gain greater agility in the profession.
Students take courses in financial reporting, corporate finance, investments, valuations, and courses in other finance areas.
The fast-paced program challenges students to develop greater critical thinking skills, and to enhance their other skills and knowledge to fulfill their professional goals.
Johnson & Wales
The Johnson & Wales University Master of Science – Finance degree program is offered in an online format for students that either cannot make the commitment to attend traditional classes in an on-campus setting, or that prefer the flexibility offers in an online program. Students receive the same high-quality instruction offered to students that complete programs in the traditional learning environment.
Students learn to make the most of complex financial software and theory that helps finance professionals find value for their clients. The school recognizes that modern analysts need more extensive training than in the past, and features a curriculum that supports the training, knowledge and skills required for success in today’s ever-changing financial careers.
A few required courses include Corporate Financial Accounting, Financial Management, Personal Financial Planning, and Financial Reporting and Control. Students choose five elective courses from options such as Estate Planning, Principles of Risk and Insurance, Applied Behavioral Finance, and Equity Analysis.
Pennsylvania State University World Campus
The online Master of Finance degree program offered by the Pennsylvania State University World Campus allows busy finance professionals to continue working or taking care of other responsibilities without the constraints of a set schedule of class times.
Gain a well-rounded understanding of finance through topics covered such as advanced financial theory, risk management, commodity fluctuation, global diversification of financial portfolios, strategic financial decision-making, and other topics.
The school stresses its commitment to providing students in its online programs the same high-quality education delivered to students in on-campus learning environments.
Michigan State University
The Master of Science in Finance degree offered at Michigan State University is ideal for recent college graduates and for seasoned professionals that want to advance in their career. Students gain quantitative-focused, comprehensive finance training that helps guide graduates towards their career goals.
Courses in the accelerated program focus on financial modeling, financial management, financial data analytics and machine learning in artificial intelligence, among other areas. The flexible curriculum allows students to choose some courses that align with their specific interests or career focus.
University of La Verne
The Master of Science in Finance program at the University of La Verne provides students with a broad understanding of financial economics, and the ability to develop strategies that guide the financial health of companies and organizations.
Students gain the knowledge required to analyze and develop complex financial models, solve problems in a dynamic environment with complex financial issues, and to understand international financial management practices. Some additional knowledge and skills that students gain while in the program includes the ability to manage short-term working capital, develop and manage capital expenditure budgets for large projects or for the purchase or improvement of fixed assets, and to demonstrate responsible behavior in financial markets.
The STEM-designated Master of Science in Finance program at Northeastern University is a program that features a rigorous quantitative finance curriculum that integrates economics, mathematics, and computer sciences with financial theories and applications. The school recognizes the importance that students in the program stay sharp and up-to-date with knowledge and skills in technology that helps them excel in their finance career.
The program provides instruction in human skills as they relate to finance, helping students to develop excellence in communications and interpersonal skills, rather than focusing strictly on the quantitative and technical skills typically associated with a master’s in finance program. Students also receive exceptional personal career support and instruction from world-class faculty members.
Indiana University offers an online Master of Science in Finance program for busy professionals that need flexibility in learning, yet the opportunity to receive the same high-quality education provided to students that earn their degree in the on-campus setting.
Gain the expertise to become a leader in your chosen career field after completing courses that focus on financial management, economics, quantitative analysis, value creation, risk management and other topics.
University of Texas at Dallas
The Master of Science in Finance program at the University of Texas at Dallas is a focused program that prepares students to start or enhance their career in finance. The program does not require an undergraduate degree in finance for students to apply to this program. It is offered full-time or part-time, and although students have the opportunity to complete some courses online, the entire degree cannot be completed in an online format.
Students have their choice of five concentrations, including Financial Analyst (CFA), Financial Technology, Financial Management, Corporate Finance/Investment Banking, or Real Estate Finance. Some courses include Mathematics for Finance, Financial Modeling for Valuation, and Analytics of Finance.
Pepperdine University reveals that while many master’s in finance programs focus primarily on theoretical concepts, the Master of Science in Applied Finance program at the university is a STEM-designated program that takes an experience-based approach to preparing graduates for a rewarding career in finance.
The curriculum was recently updated, which helps students prepare for the Chartered Financial Analyst (CFA) Exam and for a career in banking, project finance, asset and wealth management, risk management and other in-demand career paths. Some topics covered in the program include financial accounting, investment banking, and equity analysis.
Students decide whether to follow either the investments specialization, or the financial management specialization.
The Master in Finance (M.Fin.) degree at Princeton University features strong emphasis on data science, financial economics, financial engineering, computational methods and emerging tools in finance. Graduates have the knowledge and comprehensive understanding of economic theory, probability, optimization, computer science, machine learning, and other tools that are critical for working in the finance industry.
Students complete required coursework in finance, risk management, economics, mathematics, and financial analysis and then have the opportunity to customize their program. There is a required internship, which is completed during the summer between the first and second year of the program.
Students that complete the program within two years have an opportunity to obtain the Graduate Certificate from the Center for Statistical and Machine Learning (CSML).
We did the hard work of finding the best masters in finance degree programs for you. We obtained information directly from each school, and ranked the schools by assigning a unique score for tuition and the program length to provide reliable rankings and recommendations. When a tie occurred, the school with the lower tuition rate received the higher ranking.
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