Best Master's In Finance Degrees

A ranking of the best master's in finance degrees. Programs ranked by affordability, flexibility, and academic quality.

Updated October 17, 2023

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Master's in finance programs provide advanced business knowledge. Master's degree-holders may work as budget analysts, financial analysts, or financial advisors. Some degree-seekers pursue a master's in finance to qualify for high-level careers such as financial analyst, controller, or director.

Master's in finance programs consider applicants with strong GPAs and relevant bachelor's degrees or financial experience. Most programs cover econometrics and financial reporting. Possible electives and concentrations include corporate finance, investment management, and government finance.

This page lists the best master's in finance programs. Read on to learn about costs, common classes, and potential jobs for graduates.

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Featured Online MBA Finance Programs

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Frequently Asked Questions About Finance Degrees

What can you do with a master's in finance?

Many graduates work as banking or investment professionals. Others work in government or nonprofit finance.

What is the salary for a master's in finance?

Master's in finance graduates earn an average annual salary of $81,000, according to Feb. 2022 Payscale data.

What finance jobs pay the most?

Financial managers earn a median annual salary of $134,180, according to the Bureau of Labor Statistics (BLS). The top-earning 10% of these managers make over $208,000.

Why Get a Finance Degree?

Earning a master's degree in finance builds in-demand skills in financial strategy, risk management, and financial innovation. Companies need professionals who can use machine learning and big data to make financial decisions. Graduate-level finance programs provide valuable specialization for certain fields, roles, and industries.

Many online finance master's programs run asynchronously. Learners can complete coursework around their schedules.

How Much Does a Finance Degree Cost?

Master's degrees cost an average of $66,340, according to EducationData.org. Many factors influence cost, including school type and learners' residency status. For example, master's degrees at private universities cost an average of $26,000 more than they do at public schools.

Master's programs usually require at least four semesters. Traditional programs require about two years to finish. Accelerated programs help students finish in 12-15 months by featuring shorter terms throughout the year. Most master's in finance programs include a capstone project, which may involve summer work.

Additional Online Student Fees

Online learners save money on commuting and residency costs. They also usually pay fewer university fees. However, online learners must still buy books and supplies. Some online master's programs require some campus visits. These visits may create travel and lodging expenses for out-of-state learners.

Other costs may include technology and graduation fees. Students may need to upgrade their internet or buy a new laptop. Depending on their desired career, graduates may need to budget for professional exams and licenses.

How Much Do Finance Majors Make?

Graduates with a master's degree in finance can pursue many high-paying business and financial jobs. These professionals earn a median annual salary of $72,250. The BLS projects jobs for business and financial professionals to grow 8% from 2020-2030.

Earning a finance master's degree can boost graduates' earning potential. Master's graduates may work as finance managers or finance directors. These professionals earn more than double the median annual salary of $41,950 for all occupations.

Courses for a Master's in Finance

A master's degree in finance typically requires 30-33 credits. Enrollees develop skills in data analysis, financial valuation, and econometrics. They also build communication skills that help them negotiate contracts and work on financial teams.

Most graduate programs encourage specialization and offer concentrations. Options may include risk management or investments. See below for three common classes in master's in finance programs. Keep in mind that classes vary by program.

Featured Online MBA Programs

Find a program that meets your affordability, flexibility, and education needs through an accredited, online school.

Career and Salary Outlook for Finance Majors

Professionals with a master's in finance degree may work in various industries. Many work for the government or nonprofits. Others work in banking and investments. Graduates may work as accountants, financial analysts, or financial managers. See below for some potential careers for master's in finance degree-holders.

Median Annual SalaryProjected Growth Rate (2020-2030)Description
Accountants and Auditors$73,5607%
Financial Analysts$83,6606%
Financial Managers$134,18017%

Source: BLS

Best Master's in Finance Degree

#1 Best Master’s In Finance Degrees

University of Florida

  • Gainesville, FL
  • 4 years
  • Online + Campus

The master of science in finance at the University of Florida is one of 126 master's programs offered at the university. Students can advance their career opportunities and increase their earning potential with this degree. Graduate programs prioritize flexibility through their enrollment options, which help degree-seekers balance school with work or other responsibilities.

During the program, learners gain theoretical and practical knowledge through the rigorous finance curriculum. Students apply their training in internships and other hands-on learning opportunities, which strengthen career-ready skills. Degree candidates can specialize their finance education by choosing electives and concentrations.

University of Florida at a Glance:

Location: Gainesville, Florida

School Type: Public

Admission Rate: 37%

Graduate Tuition In State: $10,770

Graduate Tuition Out of State: $27,335

Percent of Students Awarded Aid: 92%

Average Amount Aid Awarded: $10,673

Average Price After Aid: $10,457

Average Undergrad Tuition
In-state
$4,477
Out-of-state
$25,694
Average Graduate Tuition
In-state
$10,770
Out-of-state
$27,335
Retention Rate
97%
Acceptance Rate
37%
Students Enrolled
52,407
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

#2 Best Master’s In Finance Degrees

The University of Texas at Austin

  • Austin, TX
  • 4 years
  • Online + Campus

The University of Texas at Austin stands out for its 113 master's programs, which include a master of science in finance. The program appeals to students seeking a graduate degree that will increase their career opportunities. Candidates may be able to choose from campus and online enrollment options, adding flexibility for enrollees who work full time while in school.

During the program, learners gain theoretical and practical knowledge through the rigorous finance curriculum. Students apply their training in internships and other hands-on learning opportunities, which strengthen career-ready skills. Degree-seekers meet with faculty advisors to choose electives and concentrations to individualize the finance degree.

The University of Texas at Austin at a Glance:

Location: Austin, Texas

School Type: Public

Admission Rate: 32%

Graduate Tuition In State: $11,998

Graduate Tuition Out of State: $22,966

Percent of Students Awarded Aid: 67%

Average Amount Aid Awarded: $10,686

Average Price After Aid: $15,502

Average Undergrad Tuition
In-state
$10,824
Out-of-state
$38,326
Average Graduate Tuition
In-state
$11,998
Out-of-state
$22,966
Retention Rate
96%
Acceptance Rate
32%
Students Enrolled
51,090
Institution Type
Public
Percent Online Enrollment
25% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#3 Best Master’s In Finance Degrees

Johns Hopkins University

  • Baltimore, MD
  • 4 years
  • Online + Campus

Johns Hopkins University prepares graduates for career advancement in its master's in finance program. The private institution offers several enrollment options on its Baltimore, Maryland, campus and through its online programs. Master's degree-seekers take graduate classes in finance that build on their prior knowledge in the field.

Students participate in campus life and benefit from the university's support services. Academic advisors help with course selections, while career counselors host workshops, offer internship programs, and provide career planning services. Master's degree-seekers can also attend networking events and access library services.

Johns Hopkins University at a Glance:

Total Master's Programs: 124

Total Online Master's Programs: 30

Admission Rate: 11%

Graduation Rate: 93%

Student-to-Faculty Ratio: 6-to-1

Graduate Tuition In State: $55,350

Graduate Tuition Out of State: $55,350

Average Alumni Earnings After Six Years: $68,000

Average Undergrad Tuition
In-state
$55,350
Out-of-state
$55,350
Average Graduate Tuition
In-state
$55,350
Out-of-state
$55,350
Retention Rate
97%
Acceptance Rate
11%
Students Enrolled
27,079
Institution Type
Private
Percent Online Enrollment
46% Percentage of all students who are enrolled online.
Accreditation
Yes Middle States Commission on Higher Education

#4 Best Master’s In Finance Degrees

Vanderbilt University

  • Nashville, TN
  • 4 years
  • Online + Campus

Vanderbilt University stands out for its 104 master's programs, which include a master of science in finance. The program serves students seeking advanced education and increased career opportunities. Flexible enrollment options make it easier for busy enrollees and working professionals to attend a graduate program.

The master's curriculum uses theoretical and practical approaches to encourage a comprehensive understanding of finance. Students strengthen their knowledge through internships and other hands-on learning opportunities, which also build valuable professional connections. Learners can specialize their finance education by choosing electives and concentrations.

Vanderbilt University at a Glance:

Location: Nashville, Tennessee

School Type: Private

Admission Rate: 9%

Graduate Tuition In State: $48,624

Graduate Tuition Out of State: $48,624

Percent of Students Awarded Aid: 68%

Average Undergrad Tuition
In-state
$50,800
Out-of-state
$50,800
Average Graduate Tuition
In-state
$48,624
Out-of-state
$48,624
Retention Rate
97%
Acceptance Rate
9%
Students Enrolled
13,131
Institution Type
Private
Percent Online Enrollment
8% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#5 Best Master’s In Finance Degrees

University of Wisconsin-Madison

  • Madison, WI
  • 4 years
  • Online + Campus

Students interested in career advancement can earn their master of science in financial economics at the University of Wisconsin-Madison. The public institution serves degree-seekers with diverse needs by offering many enrollment options. Degree candidates take their finance knowledge to the next level thanks to accessible graduate courses.

Enrollees can access a generous selection of college resources and support services during their program. For example, academic advisors recommend course selections and connect students with tutoring services. Master's degree-seekers can also take advantage of networking and training events hosted by the university.

University of Wisconsin-Madison at a Glance:

Total Master's Programs: 147

Total Online Master's Programs: 3

Admission Rate: 54%

Graduation Rate: 88%

Student-to-Faculty Ratio: 17-to-1

Graduate Tuition In State: $10,728

Graduate Tuition Out of State: $24,054

Average Alumni Earnings After Six Years: $49,600

Average Undergrad Tuition
In-state
$9,273
Out-of-state
$36,333
Average Graduate Tuition
In-state
$10,728
Out-of-state
$24,054
Retention Rate
95%
Acceptance Rate
54%
Students Enrolled
44,257
Institution Type
Public
Percent Online Enrollment
18% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

Featured Online MBA Finance Programs

Find a program that meets your affordability, flexibility, and education needs through an accredited, online school.

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