Master's Degree in Finance


Am I qualified to get into an online finance master’s program?






2+ Letters

At least two letters of recommendation from professors or former employers

Writing Samples

Brief Statement

A brief statement of intent regarding your degree program timetable and career aspirations


Graduate Management Admission Test (GMAT)

This is the standard entrance examination for most finance and business master's programs.

  • Average Score:
    • 550

While most finance programs examine GMAT scores, some finance programs take both the GMAT and GRE into consideration.

Additional Requirements

Prerequisite Courses

Graduate-level finance programs, in particular, are likely to require applicants to have completed a certain amount of courses in mathematics and business, especially in accounting.


Be sure to include previous finance-related experiences.

What undergraduate degrees do finance master’s students typically hold?

  • Accounting
  • Business Communications
  • Economics
  • Entrepreneurship
  • Applied Mathematics

What can I do to better my chances of getting into an online master’s program in finance?

Financial Aid

What scholarships and grants are available to online finance master’s students?

  • Ritchie-Jennings Memorial Scholarship Program: Finance majors who demonstrate an interest in fraud prevention can earn awards ranging between $1,000-$10,000 from the Association of Certified Fraud Examiners (ACFE).
  • Tribal Business Management Scholarship: Catching the Dream, an educational organization dedicated to the advancement of Native American students, offers the TBM scholarship of $5,000 a year to winning applicants.
  • HSF/ALPFA Scholarship: Latino students enrolled in finance graduate programs can win up to $10,000 from the Association of Latino Professionals in Finance and Accounting.
  • Daniel B. Goldberg Scholarship: The Government Finance Officers Association rewards graduate students with up to $6,000 if they plan to pursue a career in local or state government.
  • Federal Grant Wire: More than 180 grants listed on this site are concentrated in business and commerce fields, such as accounting.
  • Selected Professions Fellowships: Women pursuing business-related master’s and doctorate level degrees in business, law or finance may qualify for a $25,000 grant from the American Association of University Women.

Careers & Salary

Upon graduation from an online finance master’s degree program, what skills will I have?

  • A thorough understanding of risk and returns
  • The ability to apply portfolio theory principles to minimize risk
  • A greater awareness of local and global business climates
  • The ethical implementation of finance principles in organizations
  • The ability to critically analyze business scenarios

Once I’ve earned my online master’s in finance, what will my job prospects look like?

  • Financial Manager

    • Annual Mean Wage

    • Total Jobs, 2013

    • Total Jobs, 2022

    • Job Outlook, 2013-22

    • State with Higest Pay

      New York — $171,650
    • City with Highest Pay

      New York-White Plains-Wayne, NY-NJ Metropolitan Division — $182,960
    • State with Highest Job Concentration

      Connecticut — $135,760
    • City with Highest Job Concentration

      Bridgeport-Stamford-Norwalk, CT — $165,350
  • Personal Financial Advisor

    • Annual Mean Wage

    • Total Jobs, 2013

    • Total Jobs, 2022

    • Job Outlook, 2013-22

    • State with Higest Pay

      New York — $136,310
    • City with Highest Pay

      San Francisco-San Mateo-Redwood City, CA — $151,470
    • State with Highest Job Concentration

      New York — $136,310
    • City with Highest Job Concentration

      Bridgeport-Stamford-Norwalk, CT — $131,360
  • Financial Analyst

    • Annual Mean Wage

    • Total Jobs, 2013

    • Total Jobs, 2022

    • Job Outlook, 2013-22

    • State with Higest Pay

      New York — $120,060
    • City with Highest Pay

      New York-White Plains-Wayne, NY-NJ — $125,140
    • State with Highest Job Concentration

      Delaware — $87,330
    • City with Highest Job Concentration

      Bridgeport-Stamford-Norwalk, CT — $115,900

Source: Occupational Outlook Handbook and Occupational Employment Statistics, Bureau of Labor and Statistics; Collected July 2014

* Highest concentration of jobs refers to the location with the highest number of jobs (by field) for every thousand jobs. Average annual wage is then identified for the career in each location.


What are some of the most important publications in the finance field today?

  • Finance Research Letters: Students can gain a broad understanding of innovative research in the field of finance, with the inclusion of topics like financial engineering, forecasting, and risk management.
  • Journal of Corporate Finance: Unlike most finance journals, this publication places an emphasis on the clinical analysis of corporate finance, in addition to empirical and theoretical contributions.
  • The Journal of Finance: The American Finance Association released JF to a circulation of 8,000 readers, printing manuscripts that focus primarily on financial economics.
  • Journal of Economics and Finance: The Academy of Economics and Finance prints manuscripts on a wide range of professional and academic finance concerns, including policy changes and empirical studies.
  • Journal of Financial Econometrics: This Oxford University publication examines historical situations and statistical events, with new issues released quarterly.

What RSS feeds related to finance are worth subscribing to?

  • Freakonomics: This news source is named after the bestselling book by Steven Levitt and Stephen Dubner, the unlikely duo formed by an economist and the journalist who wrote about him.
  • Calculated Risk: CNBC and the Wall Street Journal have included this blog on lists of top finance blogs, due to its thorough economic data reports and breaking news updates.
  • Market Watch: This official Wall Street Journal feed aggregates national news regarding stocks and trading practices.
  • The Simple Dollar: This is another personal blog created by author Trent Hamm to address common financial mistakes Americans make with credit, investing, banking, education, and insurance.


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