Most Affordable Online Master’s In Finance Degrees

A ranking of the most affordable online master's in finance degree programs. Programs ranked by affordability, flexibility, and academic quality.

Updated August 26, 2022

Most Affordable Online Master’s In Finance Degrees

Are you ready to find your fit?

A master's degree in finance opens up numerous career opportunities for students after graduation.

An online master's degree makes successfully completing such a program more convenient, especially for those with various personal life demands.

College Choice has also put together a list of the most affordable grad schools.

What kind of online Master's in Finance degree should you get?

All of these degrees below will give you a sturdy foundation in all things finance. You'll graduate ready to take on the world of commerce. However, each program also varies a bit in its structure and emphasis. Some provide specialization areas while others emphasis hands-on experience.

You should look close at the curriculum as well as extra-curricular opportunities. Think about what your career goals are and what kind of degree you'll need to accomplish those goals.

How much money will you make with a Master's in Finance degree?

Depending on the career you pursue and the title you attain the average salary for one with a Master's in Finance varies.

For example, one of these degrees will allow you to become a Financial Analyst, who make, on average, over $84,000 a year. But these programs will also fully prepare you to become a Chief Finance Officer. This position can make upwards of $140,000 a year, according to PayScale.

What can you do with a Master's in Finance degree?

As we wrote above, a Master's in Finance degree will open innumerable doors for you. Whether you envision yourself in a corner office as the CFO of a thriving company or you plan to work for yourself as an independent fraud examiner, one of these degrees will serve you well.

Many of the programs below fully prepare you for personal certifications, including CFA, CFP, CMA, CTP. This has allowed graduates from these programs to go on to acquire a range of careers. For example, students from these specific programs have become:

  • Cost Analysts
  • Financial Consultant/ Advisor
  • Government Accountant
  • Internal Auditor
  • Treasurer, and much more

What are the requirements for a Master's in Finance degree?

These two-year programs require one year of intensive coursework in the fundamentals of finance. What this looks likes may vary a bit, but for the most part you can expect foundational courses in finance. For example, in your first year you may find yourself in the following classes:

  • Project Management
  • Macro and Microeconomics
  • Accounting, and more

In your second year you can specialize through a formal concentration track or through combined electives. You may also participate in research projects, capstone assignments, or internships. We've been sure to note these.

What are the most affordable online master's in finance degrees?

This college ranking focuses entirely on cost, ranking programs by the average in-state tuition for each college as recorded in the NCES database. Note that some colleges charge a different per-credit-hour rate for their online courses and some do not. Some online degree programs also allow students to combine online and on-campus courses in their curriculum. For this reason, we have used the in-state tuition rate stated in NCES for each college for ranking affordability, which can lag behind by one AY (Academic Year). Each college entry provides both tuition rates and per-credit-hour rates.

Most Affordable Online Master's in Finance Degrees

See our rankings methodology page.

#1 Most Affordable Online Master’s In Finance Degrees

Aspen University

  • Denver, CO
  • 4 years
  • Online

Aspen University’s online graduate programs emphasize quality and affordability. The master of business administration in finance is an excellent choice for degree-holders with a bachelor’s in finance who want to advance their careers in this field. Enrollees maintain more control over their schedules by completing the rigorous graduate curriculum remotely.

Learners benefit from the program's 10-to-1 student-to-teacher ratio. The curriculum is steeped in advanced theoretical concepts and practices in finance. By far the biggest benefit of this master’s is preparation for career advancement in this field and related ones, along with the foundational knowledge for a Ph.D.

Tuition costs a yearly average of $3,900. Many degree-seekers qualify for financial aid such as grants and scholarships from the school and third parties.

Average Tuition
In-state
$3,600
Out-of-state
$3,600
Retention Rate
80%
Admission Rate
Not provided
Students Enrolled
6,893
Institution Type
Private
Percent Online Enrollment
100% Percentage of all students who are enrolled online.
Accreditation
Yes Distance Education Accrediting Commission

#2 Most Affordable Online Master’s In Finance Degrees

University of Houston-Clear Lake

  • Houston, TX
  • 4 years
  • Online + Campus

The master's in finance at University of Houston-Clear Lake is a top-ranked degree designed for online finance students. This program provides learners with advanced knowledge and training required for many higher-level job opportunities in the field. Master's candidates can also pursue a doctorate later on if they choose.

Many learners appreciate the school’s convenient online format. This flexibility gives students more control over their schedules and makes it easier to juggle multiple priorities. Enrollees benefit from a supportive learning environment, whether they study online or on campus.

For consideration, applicants need a bachelor’s to apply unless otherwise stated. The admittance rate to this school is 74%, with some differences possible across programs. Tuition costs around $7,920 per year for Texas students. Learners can help fund their education with grants, loans, and scholarships.

Average Tuition
In-state
$5,740
Out-of-state
$19,176
Retention Rate
80%
Admission Rate
74%
Students Enrolled
9,082
Institution Type
Public
Percent Online Enrollment
42% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#3 Most Affordable Online Master’s In Finance Degrees

Purdue University Global-Indianapolis

  • West Lafayette, IN
  • 4 years
  • Online

An emphasis on accessibility is a key part of the mission for Purdue University Global-Indianapolis. The school delivers programs in many diverse fields. Remote learners can choose from 29 online master's degrees, including a master of science in finance. This adaptable program makes graduate education accessible to caretakers, full-time workers, and anyone unable to relocate for school.

A bachelor’s degree or the equivalent in the major, or a related field, is usually required for admission unless otherwise stated. Candidates complete intensive coursework that prepares them for more advanced career opportunities than undergraduate programs allow. A doctorate or another terminal degree is the next step for some master's degree-holders.

The tuition rate depends on residency, with Indiana learners paying $8,791 per year and out-of-state degree-seekers paying $9,768. Many learners receive grants and scholarships, both from the school and outside sources, to help finance their degrees. Loans may also be available to help students pay for all or part of the program.

Average Tuition
In-state
$7,920
Out-of-state
$13,356
Retention Rate
100%
Admission Rate
Not provided
Students Enrolled
38,138
Institution Type
Public
Percent Online Enrollment
99% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#4 Most Affordable Online Master’s In Finance Degrees

University of Maryland Global Campus

  • Adelphi, MD
  • 4 years
  • Online

Earning a graduate degree is achievable at University of Maryland Global Campus because of an institutional emphasis on flexibility. Remote learners can choose from 17 online master's degrees, including the master's in financial management, delivered from the Adelphi campus. Full-time workers and others who want to earn a graduate degree but cannot relocate should consider this adaptable degree.

Applicants should review the program page for more admissions information, but a bachelor’s is usually a starting point for a master's program. A big draw to a master’s program is the intensive coursework that provides enrollees with advanced preparation in their field. Some degree recipients continue onto a doctorate in this field.

The school keeps tuition competitive, charging $8,640 per year for Maryland students and $11,862 per year for those who live elsewhere. Degree-seekers can explore grants and scholarships to help pay for their education. Loans may also be available as an option for many students.

Average Tuition
In-state
$7,200
Out-of-state
$11,976
Retention Rate
52%
Admission Rate
Not provided
Students Enrolled
58,281
Institution Type
Public
Percent Online Enrollment
90% Percentage of all students who are enrolled online.
Accreditation
Yes Middle States Commission on Higher Education

#5 Most Affordable Online Master’s In Finance Degrees

Brenau University

  • Gainesville, GA
  • 4 years
  • Online + Campus

Brenau University, a private college, offers graduate programs in different fields from the Gainesville, Georgia, campus. A leader in online graduate education, the school offers 21 remote master's programs. The master of business administration in finance is one such option for students interested in the finance field.

Graduate students can use online education such as this program to accomplish a goal that may otherwise seem unachievable because of logistical issues. Busy enrollees may have access to recorded videos that facilitate anytime viewing. Learners can complete their assignments within a reasonable timeframe as faculty allow. The institution boasts extensive experience providing rigorous degrees that emphasize both rigor and flexible learning.

Based on their latest statistics, the school accepts about 58% of applicants each year. A bachelor’s degree in the field, or a related one, is the usual threshold for entry into a master’s program. To learn more, contact the program about application requirements.

Average Tuition
In-state
$29,370
Out-of-state
$29,370
Retention Rate
52%
Admission Rate
58%
Students Enrolled
2,817
Institution Type
Private
Percent Online Enrollment
60% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

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