Effective business leadership demands a multifaceted skillset. While strong communication and problem-solving abilities are undoubtedly crucial, a compelling argument can be made for the significance of exceptional financial and analytical capabilities.
To navigate both prosperous and challenging economic climates, leaders require a deep understanding of a business's financial workings to ensure profitability and maintain a healthy financial standing.
For professionals seeking to enhance these skills and gain the confidence to make impactful business decisions, an online MBA in finance offers a valuable pathway.
This flexible learning format allows individuals to upskill at their own pace and on a schedule that complements their existing commitments. For aspiring business leaders eager to explore this option, we've compiled a list of the top 10 online MBA programs specializing in finance.
Best Online MBA in Finance Degree Options
To curate a selection of high-quality yet accessible online MBA programs in finance, we established a specific set of criteria. Our initial pool of institutions was narrowed down based on three key factors: accreditation from a recognized regional or national body, notable rankings in prominent publications such as U.S. News and World Report, and a graduate tuition and fee structure below $26,000. The resulting programs were then organized according to their overall affordability.
1- University of North Carolina
The University of North Carolina at Chapel Hill (UNC), a prestigious public research university established in 1789, holds the distinction of being one of the oldest public universities in the United States.
Renowned as one of the eight original Public Ivy institutions, UNC provides a world-class education comparable to Ivy League standards at a public university price point.
UNC offers a comprehensive range of over 70 academic programs through its fourteen colleges and the College of Arts and Sciences. The university is committed to providing a well-rounded education, with all undergraduate students receiving a strong foundation in liberal arts before specializing in a major of their choosing.
Furthermore, UNC is home to UNC Health Care, a renowned research and treatment hospital established in 1952, with a particular focus on cancer care.
For aspiring business professionals, UNC's Kenan-Flagler Business School offers a highly regarded online MBA program, MBA@UNC. This program distinguishes itself through its innovative blend of asynchronous and synchronous learning, allowing for both flexibility and engagement.
Students benefit from a dynamic learning environment that includes live, interactive sessions with faculty and peers, ensuring a low student-to-faculty ratio and ample opportunities for personalized attention.
The MBA@UNC program boasts a diverse range of specializations, including Entrepreneurship, Global Supply Chain Management, Marketing, Investment Management, Sustainable Enterprise, Management Consulting, Data Analytics and Decision Making, and Corporate Finance.
Coupled with a wide selection of elective courses and consistent recognition as a top-ranked online MBA program by U.S. News and World Report, UNC's program provides students with a comprehensive and high-quality education.
2- Arizona State University
Arizona State University (ASU), a prominent public metropolitan research university, boasts five distinct campuses across Arizona, with its main campus situated in downtown Phoenix.
Recognized as one of the largest public universities in the United States by enrollment, ASU operates under the "New American University" model.
This forward-thinking approach, championed by ASU President Crow, emphasizes inclusivity, impactful research, and a deep commitment to the well-being of the communities it serves.
The Carnegie Classification of Institutions of Higher Education designates ASU as a research university with very high research activity (RU/VH).
This dedication to research excellence has consistently placed ASU among the nation's leading research institutions, both public and private, since 2005.
ASU's W. P. Carey School of Business offers a fully online, accredited, and asynchronous MBA program through its Online division.
While the program narrowly missed a higher ranking on our list due to a single required on-campus meeting prior to the start of coursework, it excels in providing comprehensive career support.
Each student is assigned a dedicated Career Services team member who offers personalized guidance throughout their academic journey and assists with post-graduation career placement by leveraging a vast network of alumni connections.
Students pursuing the online MBA can choose from a diverse selection of finance and accounting electives, culminating in a specialized finance concentration.
This rigorous curriculum, coupled with its top-five ranking by U.S. News & World Report, makes ASU's program an excellent choice for aspiring finance professionals.
3- Saint Francis University
Saint Francis University stands out for its exceptional value, offering one of the most affordable online MBA programs with a finance specialization. Its remarkably low tuition rates and streamlined curriculum contribute to a cost-effective and efficient learning experience.
Recognizing the dynamic nature of today's business world, Saint Francis University recently revamped its MBA curriculum. The program now places a strong emphasis on globalization and technology, equipping students with the skills and knowledge needed to thrive in this rapidly evolving landscape.
The curriculum's practitioner-based approach allows students to seamlessly apply their classroom learning to their professional roles, making an immediate impact.
Additionally, students have the flexibility to transfer up to nine credits and can potentially complete the program in as little as 12-18 months. Further solidifying its reputation for quality, Saint Francis University is ranked #28 among regional universities in the Midwest by U.S. News and World Report.
4- Pennsylvania State University
Penn State University presents a compelling option for working professionals seeking a top-tier online MBA with a focus on finance. Offered through the esteemed Penn State Smeal College of Business, the program boasts affordability, flexibility, and a rigorous curriculum delivered by the same distinguished faculty who teach on campus.
Penn State's online MBA holds accreditation from the prestigious Association to Advance Collegiate Schools of Business (AACSB), ensuring a high-quality educational experience. The program distinguishes itself through its blended approach to learning, seamlessly integrating practical business applications with theoretical foundations.
This approach equips graduates with the comprehensive skillset and knowledge base needed to excel as business and finance leaders in today's complex global marketplace. Furthermore, Penn State's strong reputation is reflected in its #59 ranking among national universities by U.S. News and World Report.
5- Samford University
Samford University's online MBA in finance provides a targeted pathway for experienced managers aiming to elevate their expertise and leadership capabilities.
The program goes beyond foundational business principles, emphasizing practical problem-solving, innovation, and a deep dive into finance-specific subjects.
This comprehensive program spans 36-48 credits and encompasses a carefully curated curriculum. Students engage with courses like Accounting for Decision Making, Financial Accounting for Managers, Foundations of Economics and Statistics, and Managerial Communications Analysis, fostering a well-rounded skillset.
Admission requirements include a bachelor's degree from a regionally accredited institution, a minimum GMAT score of 480, a completed application, and official transcripts.
Samford University's commitment to academic excellence is evident in its #4 ranking among regional universities in the South and its impressive #90 ranking for best online MBA programs by U.S. News and World Report.
6- Arkansas State University
Established in 1909, Arkansas State University holds the distinction of being the second-largest university in Arkansas based on enrollment. The institution is deeply committed to providing accessible education for working professionals, exemplified by its flexible online MBA program.
Designed to cultivate essential business acumen, the program caters specifically to the needs of individuals seeking to advance their careers. The online MBA with a specialization in Finance provides a particularly strong pathway for those seeking to deepen their financial expertise.
Arkansas State University's dedication to quality education is further underscored by its accreditation from The Higher Learning Commission, assuring students of a rigorous and recognized program.
7- Colorado Technical University
Founded in 1965, Colorado Technical University (CTU) has established itself as a leader in online education, catering to students seeking undergraduate, graduate, and doctoral degrees in business, management, and technology. Notably, a significant majority of CTU students (92%) opt for online programs, highlighting the institution's commitment to flexible learning.
CTU's online MBA program, with a concentration in finance, seamlessly blends essential business administration principles with a targeted focus on developing financial expertise.
The program stands out for its emphasis on cultivating critical thinking and analytical skills, essential for making sound business decisions in today's complex environment.
Prospective students can be assured of the program's quality as Colorado Technical University holds regional accreditation from the esteemed Higher Learning Commission.
8- Benedictine University
Founded in 1887, Benedictine University (BenU) is a distinguished private Catholic institution that harmoniously blends academic rigor with a values-driven approach rooted in Benedictine traditions. Situated in suburban Lisle, Illinois, BenU provides a serene campus environment while offering convenient access to the vibrancy of Chicago.
The university is home to a diverse range of 56 undergraduate and 19 graduate programs, catering to a student body of approximately 3,400 undergraduates, 6,000 graduate students, and 500 online learners. BenU prides itself on a personalized learning experience, evidenced by its low 12:1 student-faculty ratio and small class sizes.
Benedictine University's commitment to quality is further reinforced by its accreditation from the Higher Learning Commission and recognition from esteemed organizations.
U.S. News & World Report places BenU at #220 among "National Universities," while HR.com's LEAD Awards recognize the university for its exceptional "Values-Driven Leadership Program."
The College of Business at BenU offers a fully online MBA with a specialization in Finance. This program equips graduates with a robust foundation in financial analysis and interpretation from a managerial perspective, along with sought-after soft skills. The core curriculum can be completed in as little as one year, consisting of eight core courses and four electives.
Students pursuing the financial management concentration delve deeper into organizational decision-making through an additional three courses, totaling 15 courses for the specialization.
BenU's MBA program enjoys prestige, ranking as the sixth largest in the Chicago area by Crain's Chicago Business in 2016. Moreover, the program's affordable $600 per credit hour tuition rate makes it an accessible choice for aspiring financial professionals.
Requirements for Working in Financial Careers
While most management roles don't necessitate specific licensing, many careers in finance often do. Professionals engaging in buying and selling investments on behalf of clients are generally required to obtain the appropriate licenses, typically regulated at the state level.
Similarly, while accounting and finance are distinct fields, pursuing a Certified Public Accountant (CPA) license can be highly beneficial for accounting professionals.
In addition to licensing requirements, voluntary certifications can significantly enhance career advancement in finance. The Certified Government Financial Manager (CGFM) designation and the Chartered Financial Analyst (CFA) certification are highly regarded credentials that demonstrate expertise and commitment to professional development within the field.