online phd financial planning

Personal Financial Planning Doctorate

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Develop the knowledge, skills and tools necessary to achieve success as a university faculty, director of research or practitioner of financial planning.

The personal financial planning doctorate is the first in the nation to be conducted largely online and is one of only three doctoral programs to be registered with the CFP® Board. It is designed for professionals, like you, who already have busy careers and substantial roots where they live.

March 5 Personal Financial Planning Doctorate Webinar Personal financial planning doctorate webinar with Morgan Graham at 7 p.m. (CST) on March 5, 2024.

*This estimate includes online tuition and College of Health and Human Sciences fees and is for illustrative purposes only. Your hours and costs will differ depending on your transfer hours, course choices and your academic progress.  See more  about tuition and financial aid.

New Tuition and Fees Structure for 2021-22 Academic Year To better assist students with understanding the cost of attendance, K-State has simplified the tuition and fees structure for students enrolled in online programs.

Hybrid Format

The personal financial planning doctorate is a hybrid program in which you will take online courses during the fall and spring semesters and participate in intensive 10-day summer experiences. During three consecutive summer residency sessions on the K-State campus in Manhattan, Kansas, you will build connections with faculty, peers and the university.

For the final summer session, you will travel abroad with your classmates to see up-close how global markets work and how they affect financial planning in the United States and worldwide.

Career Prospect Highlights

Graduation Rate

Median salary.

Nationwide Median Salary

Jobs Nationwide

5-Year Nationwide Job Growth

Admission Requirements

All students are required to meet the general university admission requirements.

Additional Requirements

• An undergraduate and graduate GPA of 3.0 (B) or better. In some cases, a 2.75 will be permissible if the last 60 hours of study were at least a 3.0.
• GRE/GMAT scores from within the last five years

Program-Specific Application Deadline

• Summer semester (begins in late May): Dec. 1

Additional Documentation View detailed information about the documentation required to complete your application.

The personal financial planning doctorate will prepare you for a career as a:

• finanical planning professional
• researcher in financial planning
• college or university faculty

If you have not taken a graduate-level statistics course in the recent past, you may be required to take STAT 703 or another introductory research and statistics course prior to your first session on campus.

A maximum of 30 credit hours may be transferred into the doctoral program. If you are interested in teaching in an AASCB-accredited business program, we recommend taking 15 or more credits in finance.

Research Courses (minimum 46 credit hours) Grades of B or better are required for PFP 805, 806, 888, 889, 890 and 906.

• STAT 705 - Regression and Analysis of Variance (3 credits)
• PFP 805 - Statistical Software Application in PFP (3 credits)*
• PFP 806 - Statistical Methods in PFP I (3 credits)*
• PFP 808 - Research Application in Personal Financial Planning (3 credits; must repeat for 6 credits) *
• PFP 888 - Research Methods in Personal Financial Planning I (3 credits) *
• PFP 889 - Theories and Models in PFP (3 credits)*
• PFP 890 - Research Methods in Personal Financial Planning II (3 credits) *
• PFP 906 - Statistical Methods in PFP II (3 credits)*
• PFP 990 - Dissertation Proposal Seminar (1 credit)*
• PFP 999 - Dissertation Research (18 credits)

Professional Courses (minimum 14 credit hours)

• PFP 825 - Survey of PFP Research and Theory (3 credits)*
• PFP 894 - Professional Issues in PFP (1 credit; must repeat for 3 credits)*
• PFP 900 - Research Seminar (1 credit; must repeat for 2 credits)*
• PFP 956 - Clinical Research and Applications in Financial Counseling and Planning (3 credits)*
• PFP 979 - Global Issues in PFP (3 credits)*

Supporting (Core Content) Courses (minimum 18 credit hours) A maximum of 18 transfer hours may be applied for supporting (core content) courses.

• PFP 760 - Retirement Planning for Families (3 credits)
• PFP 762 - Investing for the Family’s Future I (3 credits)
• PFP 764 - Estate Planning for Families (3 credits)
• PFP 766 - Insurance Planning for Families (3 credits)
• PFP 772 - Personal Income Taxation (3 credits)
• PFP 836 - Financial Planning Case Studies (3 credits)

Electives (minimum 12 credit hours) A maximum of 12 transfer hours may be applied for elective courses.

• PFP 768 - Introduction to Financial Therapy (3 credits)
• PFP 769 - Money and Relationships (3 credits)
• PFP 770 - Applied Behavioral Finance (3 credits)
• PFP 771 - Financial Therapy Theory and Research (3 credits)
• PFP 835 - Professional Practices Management in Personal Financial Planning (3 credits)
• PFP 860 - Advanced Retirement Planning Issues (3 credits)
• PFP 864 - Advanced Estate Planning Issues (3 credits)
• PFP 909 - Financial Ethics and Mediation (3 credits)
• Other elective as agreed upon by the committee

*Indicates courses must be taken at K-State unless prior approval is received from committee.

Related Programs

Ph.D. in Financial Planning

UGA’s Ph.D. program in financial planning provides students with the opportunity to focus on research and statistical analysis in the field of Financial Planning to expand your expertise in theory, research methods, analytical thinking, and statistical analysis. Upon completion of this concentration, graduates will be prepared to enter academia or a post-doctoral research position.

What the degree offers students:

• A focused approach to theory and research-based methodology needed to help advance the financial planning profession. 
• The opportunity to explore the financial planning profession in depth from a theoretical and research basis with tenure-track and published UGA faculty.
• A research-intensive experience that prepares students for academic, policy, and business positions.
• Find a variety of  career opportunities .

Time to Completion

Students typically complete the Ph.D. program in 3 to 4 years, depending on the research topic and student background. 

Admission Requirements

In order to be admitted into the UGA professional master's program in financial planning, you must first be admitted by the University of Georgia Graduate school. See how to  apply to the graduate school here . 

Certifications & Opportunities  

UGA’s Financial Planning Program is registered with the  Certified Financial Planner Board of Standards, Inc ., and the  Association of Financial Counseling and Planning Education . Graduates are eligible to sit for the Certified Financial Planner (CFP®), the Accredited Financial Counselor (AFC®), and the Certified Retirement Counselor (CRC®) examinations upon completion of the program. The Behavioral Financial Planning/Financial Therapy option allows students to sit for the Certified Financial Therapist-I™ (CFT-I) examination.

While in the program, students can have the opportunity to participate in a variety of experiential learning research including the  ASPIRE Clinic  and  Volunteer Income Tax Assistance (VITA) .  

Degree Requirements

The button below will provide the Financial Planning course sequencing required for the Ph.D. program. Please contact Melissa McBride at 706-542-4856 or  [email protected] with any questions. 

Ph.D. Financial Planning Degree Requirements

Key Faculty

John Grable

Athletic Association Endowed Professor of Family and Consumer Sciences

  [email protected]

Lance Palmer

  [email protected]

Swarn Chatterjee

Department Head and Bluerock Professor of Financial Planning

  [email protected]

  706-542-4877

Kristy Archuleta

  [email protected]

Joan Koonce

Professor & Extension Financial Planning Specialist

  [email protected]

  706-542-4865

Joseph Goetz

  [email protected]

Assistant Professor

  [email protected]

Effie Antonoudi

Assistant Professor and Undergraduate Coordinator

  [email protected]

  770-229-3322

Travis Mountain

Assistant Professor of Extension in Financial Planning

  [email protected]

James Pasztor

  [email protected]

  303-990-3883

Michael Thomas

  [email protected]

Kimberly Watkins

  [email protected]

Melissa McBride

• Technology Services
• Website Support
• Faculty and Staff Resources
• FACS Openings
• Extension Agent Openings

Address/Map

Dawson Hall 305 Sanford Dr Athens, GA 30602

SSAC 706-542-4847

Administration, Alumni, Communications 706-542-6402

15 Best Online PhD in Finance Programs [2024 Guide]

Looking for Online PhD in Finance Programs? Some schools have no GRE and offer accelerated courses to help you finish faster.

A doctoral degree in finance may be your ticket to the career you’ve always wanted.

Editorial Listing ShortCode:

This online finance degree can help you pursue an executive role or a teaching job related to accounting, banking, asset management, or financial policymaking.

Universities Offering Online PhD in Finance Programs

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.

1. Capella University

With Capella University in Minnesota, students can study online to earn a DBA with a concentration in Accounting or a PhD in Business Management with a concentration in Accounting.

These programs are designed to help students learn about theories, methods, rules and ethical issues that influence accounting practice and consider the implications of practicing accounting within a global marketplace.

Before graduation, DBA students are expected to complete two residencies and submit a major research project. PhD students are expected to do three residencies and complete a dissertation.

Both programs use Capella’s GuidedPath format with weekly discussions and specific deadlines for submitting assignments.

• PhD in Accounting
• DBA in Accounting

Capella University  is accredited by the Higher Learning Commission.

2. City University of Seattle

When you study with City University of Seattle, you’ll have the opportunity to choose your own area of specialty for your DBA program.

Students who choose the Specialized Study concentration can submit a proposal for the graduate-level courses they would like to take as part of their studies.

If you’re interested in finance, you may be able to request courses on the topics of finance and accounting. During online classes, you’ll have opportunities to engage in live conversations with faculty.

You’ll be expected to submit a dissertation during your doctoral studies and complete three different residencies.

• DBA in Business Administration (Finance concentration)

The City University of Seattle is Accredited by the Northwest Commission on Colleges and Universities.

3. George Fox University

As you pursue a DBA with a concentration in Accounting from George Fox University, you may take classes like Advanced Applications of Ethical Reasoning and Compliance in Accounting and Advanced Topics in Accounting.

In addition, you’ll need to complete both a dissertation and a practicum for the program. During the practicum, you’ll have opportunities to try your hand at teaching or consulting.

Most of the work for this hybrid DBA program is online, but you’ll need to report to the school’s campus in Oregon a few times a year.

George Fox University  is accredited by the Northwest Commission on Colleges and Universities.

4. Hampton University

If you’re interested in a PhD in Business Administration, check out Hampton University in Virginia. The program students to pursue a concentration in Accounting and Finance by taking multiple credit hours of elective courses.

These electives include classes like Financial Accounting and Reporting Research, Accounting Theory, Corporate and Financial Institutions, and Behavior Finance.

Students at this university take online courses during the traditional school year and come to campus for two summer residencies. This PhD program is appropriate for current professionals and for those straight out of a master’s program.

• PhD in Business Administration

Hampton U  is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

5. Kansas State University

Do you believe that it is critical for individuals and families to have a solid financial plan for their future? If so, you may be interested in the PhD in Personal Financial Planning from Kansas State University.

You may choose to use this degree in the business world or spread your knowledge to others by working in an academic setting.

During the online doctoral program, you’ll need to come to the school’s Kansas campus for a few intensive sessions and go overseas to expand your knowledge about global markets. A dissertation is required for this program.

• Hybrid PhD in Personal Financial Planning

Kansas State University  is accredited by the Higher Learning Commission.

6. Liberty University

For those interested in numbers and money, Liberty University’s online DBA offers two concentration options: Accounting and Finance.

Both programs begin with the same core courses, but Accounting students take specialized classes like Accounting for Decision Making and Advanced Auditing while Finance students focus on classes like Managerial Finance and Advanced Financial Statement Analysis.

Whichever track you choose, you will need to take a comprehensive exam and complete a dissertation before graduation from this Virginia university. Accounting graduates often work as auditors or budget supervisors, and Finance graduates may choose to become treasurers or financial managers.

Liberty University  is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

7. National University

You can pursue a DBA or a PhD in Business Administration from National University. NU is a network of nonprofit institutions headquartered in San Diego, CA.

The school encourages students of either program to pursue high-level leadership positions, but the PhD program is research-based, and the DBA involves the application of research findings that are already available.

Specialization options for both PhD and DBA students include Financial Management and Advanced Accounting. All faculty hold doctoral degrees, and many tracks can be completed fully online. Dissertations are required for PhD programs.

• PhD in Business Administration – Advanced Accounting
• DBA in Financial Management
• DBA in Advanced Accounting

National University  is accredited by the WASC Senior College and University Commission.

8. Rutgers University

This university offers a PhD in Management; concentrations include Finance, Accounting or Accounting Information Systems. The concentration in finance offers courses like Investments, Corporate Finance, Theory of Corporate Disclosures, Control and Governance, and Econometrics.

The concentration in accounting offers courses like Current Topics in Auditing and Empirical Analysis of Financial Reporting. Students are expected to take a qualifying exam and defend a dissertation before graduating from these programs. The school recommends that students have master’s level education in mathematics, economics or computer science before applying for enrollment.

Rutgers University  is accredited by the Middle States Commission on Higher Education.

9. Sacred Heart University

Although Sacred Heart University does require DBA in Finance students to come to its Connecticut campus, the program is described as “low-residency,” and it is structured to fit the schedules of people who are already in the workforce.

Each student is part of a cohort that provides opportunities for networking and group projects. During the course of the program, students study topics like mathematics and global markets and choose electives like Fixed Income Securities or Portfolio Management.

Students are also required to submit a dissertation before graduation. The school’s DBA graduates often find work in government, academia, and corporations.

• DBA in Finance

SHU  is accredited by the New England Commission of Higher Education.

10. Saint Leo University

You can get an online DBA from Saint Leo University in Florida. The program offers classes like Analytics for Decision Making, Organizational Behavior and Social Responsibility, and A History of Applied Management Theory. It can help you acquire research skills and learn how to apply your findings to real-world business applications.

Before graduation, you will be expected to take a comprehensive exam, defend a dissertation and complete a practicum. This DBA course of study is particularly well-suited for students who want to go into consulting, but the school’s graduates also teach, work as CFOs, manage organizations and become investment analysts.

• Doctor of Business Administration

Saint Leo University  is accredited by the Southern Association of Colleges and Schools.

11. Trident University

Whether you want to earn an online DBA or a PhD in Business Administration, you can pursue your degree from Trident University in California.

One available concentration for the PhD program is Accounting and Finance; students on that track study topics like auditing, global markets, corporation finance, and taxation.

The DBA is a generalist degree that doesn’t include specialization. If you go the PhD route, you’ll need to complete a dissertation, and if you choose a DBA, you will be expected to complete a doctoral study. To help you move through the online program, the university offers its Doctoral Positioning System tracker.

• PhD in Business Administration – Accounting

Trident University  is accredited by the WASC Senior College and University Commission.

12. University of Dallas

Students at the University of Dallas can earn a DBA through a mix of online classes and time on the school’s Texas campus.

This program is designed for those who already hold leadership positions in the business world and desire increased advancement, and its flexible nature helps working professionals earn their doctoral degrees while remaining in their current jobs.

This generalist program includes classes like Agile Organizations and Emerging Technologies. If you choose this university, you will be expected to join a colloquium and defend a dissertation and will have the option to complete a teaching practicum.

The University of Dallas  is accredited by the Southern Association of Colleges and Schools.

13. University of South Carolina

The Darla Moore School of Business at the University of South Carolina offers an on-campus program through which you can earn a PhD in Business Administration.

One available concentration for this program is Finance, and classes include Current Issues in Finance, Empirical Methods in Financial Research and Theory of Finance.

Faculty in this department have earned multiple recognitions, including the Alfred G. Smith, Jr. Excellence in Teaching Award and the Mortar Board Excellence in Teaching Award. A master’s degree is recommended before admission to the program, but it is not a requirement.

• Hybrid DBA in Business Administration – Finance

The University of South Carolina  is accredited by the Southern Association of Colleges and Schools.

14. University of the Cumberlands

The PhD in Business program at the University of the Cumberlands takes business courses ranging from comparative economic and corporate finance to managerial ethics and responsibility. Students can choose one of their specialty areas like accounting, entrepreneurship, finance, etc. The Curriculum of this program will engage students in the theories, strategies, and tactics that they need to.

• PhD in Business (Finance concentration)

The University of the Cumberlands is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

15. Walden University

Whether you’re interested in DBA or a PhD, you can earn it from Walden University. The DBA program offers concentrations like Accounting and Finance. On the path to earning a DBA, you can complete a doctoral study, assemble a portfolio or take part in a consultation program in which you work with a local organization or company.

If you would prefer to earn a PhD in Management, you can select a 21st Century Finance concentration, which requires the completion of a dissertation. Both the DBA and PhD tracks can be completed through online study.

Walden  University is accredited by the Higher Learning Commission.

Online PhD in Finance Programs

If you have a particular area of interest within the world of finance, then you may want to select a corresponding degree concentration.

PhD in Finance

Phd in financial management, phd in financial planning.

A concentration can give you opportunities to take an array of courses designed to hone your knowledge on that particular topic.

If you are a numbers person, there’s a good chance that you like accounting just as much as you enjoy general financial topics. This concentration can allow you to explore both of these areas of study.

You might put this degree to work in corporate or academic settings. You may also be interested in an Online PhD in Accounting program .

Being in charge of a company’s financial resources requires a special set of managerial leadership skills. A concentration in financial management can help you gain those skills.

This concentration is designed to teach topics like building a solid financial strategy and navigating international markets.

Helping individuals do their best with their money is the goal behind a concentration in financial management.

This concentration can help train you to guide wise financial choices as you learn not only about asset management and investment growth but also about how to influence smart decision-making through relational know-how.

With a PhD Financial Planning degree, you may help others manage their money, lead a financial advisement company, or teach future finance students.

Doctorate in Finance Salary

Earning your doctoral degree in finance may open many career paths to you. Once you graduate with this degree, you may work in an academic setting, a nonprofit organization, the corporate world, or the public sector.

Here are a few jobs you may be able to look forward to, along with the U.S. Bureau of Labor Statistics job outlook and average salary information.

Budget Analyst

Budget analysts are responsible for setting an organization’s budget and helping the company stick to it.

• Outlook for job growth: 5% increase
• Median salary per year: $78,970

This may be an enjoyable career path for those who want to understand all facets of a company – tracking and justifying where each penny goes. Budget analysts make recommendations for investment and expenditure to boost their company’s profitability.

Financial Analyst

Financial analysts are responsible for paying attention to the market in order to make recommendations on how people or businesses should invest their resources.

• Outlook for job growth: 6% increase
• Median salary per year: $83,660

Rather than monitoring their business or organization, they monitor the economy as a whole. This career may be ideal for those who find financial markets interesting and have a deep understanding of investments.

Personal Financial Advisor

Consider this career path if you want the satisfaction of knowing that you’re helping others plan for their futures.

• Median salary per year: $89,330

You might also need to have a knack for marketing and sales as you attract and welcome new clients to your firm. In this role, you might work for a successful money management company or start your own practice.

Finance Professor

You may be able to pass your knowledge onto others by teaching students at the university level.

• Outlook for job growth: 7% increase
• Median salary per year: $88,010

Like many careers, you’ll need more than knowledge of the financial sector to be successful in this position. You’ll need organization and communication skills to be able to teach effectively. You’ll also need to be willing to prove your teaching effectiveness to your department via annual reviews.

If you enjoy teaching, researching, and discussing business, you may find yourself quite at home among the faculty of a business college.

Curriculum for Finance PhD Programs

Similar to a MBA in finance or online master’s in finance , when pursuing an advanced degree in finance, you’ll likely take a variety of courses designed to equip you with a thorough understanding of financial matters and how they relate to decision-making for individuals and businesses.

Your classes may include:

• Accounting and Control for Nonprofit Organizations
• Business Ethics
• Business Valuation
• Data Analysis for Investments
• Financial Management for International Business
• Human Resource Development
• Investment Portfolio Analysis
• Managerial Finance
• Mathematical Foundations for Finance
• Mergers & Acquisitions
• Money, Capital Markets & Economic Growth
• Quantitative Research Design & Methodology
• Real Estate Finance
• Real Option Valuation
• Risk Management
• Strategic Thinking for Decision-Making
• Stochastic Foundations of Finance

Since your program will likely encourage you to take a mix of both foundational classes and specialized electives, the coursework listed above includes both core classes and electives. Your PhD in finance requirements may also include a dissertation or capstone project. A growing number of doctorate programs have no dissertation required , but these tend to be professional doctorates, not PhDs.

Choose programs with a capstone project if you’d like to finish your degree faster. Dissertations can often take 2-3 years more to complete after you finish your coursework.

DBA in Finance vs. PhD in Finance

When you have your sights set on a finance degree, there are two different doctoral routes you can take. You could earn a doctorate of business administration (DBA) in finance or pursue a Doctor of Philosophy (PhD) in finance.

Although you can learn a great deal about numbers, money, and economics either way, the two different degrees will likely set you on divergent career tracks.

People often choose a professional doctorate, such as a DBA in Finance, if they want to put their education to work in the field — for example, working on Wall Street or in a Fortune 500 company.

A DBA in Finance:

• Is typically pursued by those who want to stay with their current company or work for another corporation.
• May involve drawing from others’ data and research for the culminating project.
• Is often pursued by those with several years of professional experience.

A PhD in finance is often pursued by people who want to work in an academic setting. You may find that a PhD program focuses more on the theoretical aspects of finance than the practical ones.

A PhD in Finance:

• Is typically pursued by people who want to conduct research, get published or teach.
• Typically requires conducting original research.
• May be good for those straight out of school, such as recent graduates of a master’s in finance or master of accounting program.

Think about what you want to do for your career, then choose the degree that best fits those goals.

Online vs. Traditional Finance Degree

When it comes to online versus traditional finance doctoral programs, the main difference is the format through which the material is presented. The content should remain about the same, and the rigors of the program likely will as well.

You may choose a fully online program, an on-campus one, or a hybrid mix.

Accreditation for a Doctorate in Finance Online

Universities receive accreditation as proof that their programs provide a thorough educational experience for students. Therefore, when you’re looking for a doctor of finance program, the school’s accreditation should be the first thing that you consider.

Reputable universities receive accreditation from a regional accrediting agency . These organizations give a broad stamp of approval to the entire school rather than to its individual programs. It is essential that you enroll in a school with regional accreditation.

In addition, there are several national and international organizations that provide accreditation specifically for business programs. Although this type of accreditation may not be absolutely essential, it’s certainly a valuable sign that the program is thorough, reputable, and excellent in quality.

A finance program may be accredited by:

• Accreditation Council for Business Schools and Programs (ACBSP)
• Association to Advance Collegiate Schools of Business International (AACSB)
• International Assembly for Collegiate Business Education (IACBE)

The top finance PhD programs are accredited both regionally and programmatically by one of these specialty boards. You can find your chosen university’s accreditation by searching the US Department of Education’s accreditation database .

Financial Aid for a Finance Degree

As you begin looking into finance PhD programs, don’t forget to also look into financial aid opportunities. At the doctorate level, you may still be eligible for federal financial aid as well as fellowships and scholarships from universities and scholarships from private organizations.

Your employer might even have tuition assistance programs available.

Can I Get My PhD Online?

Yes, many universities offer online PhD and professional doctorate programs. This includes doctoral degrees in finance, public health, education, nursing, and organizational leadership.

This approach can help you earn your advanced degree in a format that fits your schedule.

Is an Online PhD Respected and Credible?

In an online program, you should have to work just as hard as you do in an on-campus program. Additionally, your official records are unlikely to specify how you earned your degree.

The important thing is not the format in which you completed your coursework but whether you attended an accredited university.

Are There Any Online PhD In Finance Programs?

Earning a doctoral degree in finance doesn’t have to require moving onto campus or uprooting your whole life. Rather, there are programs for a DBA or PhD in finance online.

In these programs, you can engage in a computer-based educational experience as you work toward your degree.

Getting Your PhD in Finance Online

To take your finance education to the highest level, you may want to pursue a doctoral degree in this field, whether a PhD or a DBA.

Completing your coursework online can help you receive a solid education in a format that fits your lifestyle and prepare you for the next step on your career path.

Use the above list of schools to narrow down the finance PhD programs for you.

Related Guides:

• Best Online Masters in Finance No GMAT
• Finance vs. Accounting – What’s the Difference?

Best Online Doctorates in Finance

Staff Writers

Contributing Writer

Learn about our editorial process .

Updated October 17, 2023

TheBestSchools.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Are you ready to discover your college program?

Whether your career interests lie in academia or business, graduating with a doctoral degree in finance opens doors to advanced job opportunities and earning potential. The U.S. Bureau of Labor Statistics (BLS) projects that popular finance careers like finance managers and personal finance advisors may grow by 15%-19% between 2016 and 2026. These occupations boast median incomes of $125,080 and $90,640, respectively. Doctors in finance also frequently find employment as college professors, educating students and conducting research for scholarly publications. With a variety of online degree options available from top schools around the country, it has never been easier to earn your doctorate in finance.

For more degree and career info, jump to:

• Choosing a Doctorate in Finance Program
• What Else Can I Expect From an Online Doctorate in Finance Program?

Careers with a Doctorate in Finance

The best online doctorate in finance programs.

Online Doctorate in Finance Ranking Guidelines: We selected the degree programs based on the quality of program and range of courses provided, as well as school awards, rankings, and reputation.

Our Methodology

Here at TheBestSchools.org, we take the trust and welfare of our readers very seriously. When making our school and program rankings, our top priority is ensuring that our readers get accurate, unbiased information that can help them make informed decisions about online education. That's why we've developed a rigorous ranking methodology that keeps the needs of our readers front and center.

Our proprietary, multi-criteria ranking algorithm analyzes key data indicators — as collected by the federal government — for each school or program. What data we use depends on the focus of each specific ranking, but in all cases, our ranking methodology is impartial: Schools  cannot buy better rankings  at TBS.

While specific criteria under consideration can vary by ranking, there are a few data points that we value most highly. They are affordability, academic quality, and online enrollment. Below, we break down our algorithm to help you understand what you're getting when you use one of our rankings.

• Affordability
• Online Enrollment

Data Sources

The data used in TBS rankings comes primarily from the federal government, and much of it is provided by the schools themselves. We aggregate and analyze this data to build our rankings.

The  Integrated Postsecondary Education Data System  (IPEDS) is our primary source. Its data comes from annual surveys conducted by the U.S. Department of Education's  National Center for Education Statistics  (NCES). Every college, university, or technical school with access to federal financial aid must participate in these surveys, which include questions about enrollment, graduation rates, finances, and faculty qualifications. This is publicly available data, which you can access yourself through the  College Navigator .

Additionally, because we value a personal touch and the professional experience of our staff and Academic Advisory Board, we vet all results and adjust rankings as necessary based on our collected knowledge of schools and degree programs. Depending on the ranking, we may obtain additional input from  AcademicInfluence.com , subject matter experts, prior TBS ranking lists, or other sources we deem relevant to a particular ranking.

Breakdown of Our Rankings Methodology

About our ranking factors.

Here at TBS, we value what you value: quality education, affordability, and the accessibility of online education. These factors guide all of our program rankings.

Each of these factors are further broken down into weighted subfactors. For example, retention rates are weighted more heavily than availability of program options because they are a better indicator of student success.

We chose the following factors for our rankings because of their influence on learning experiences and graduate outcomes. However, students should always balance our rankings against their personal priorities. For instance, a learner who needs a fully online program may prioritize online flexibility more than our rankings do. Our rankings are designed to help you make a decision — not to make a decision for you.

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Academics - 75%

Affordability - 15%, online enrollment - 10%.

In all our school rankings and recommendations, we work for objectivity and balance. We carefully research and compile each ranking list, and as stated in our advertising disclosure, we do NOT permit financial incentives to influence rankings. Our articles never promote or disregard a school for financial gain.

If you have questions about our ranking methodology, please feel free to connect with our staff through  contact page .

We thank you for your readership and trust.

Finance PhD Programs for You

The best online doctorate in finance degree programs.

We use trusted sources like Peterson's Data and the National Center for Education Statistics to inform the data for these schools. TheBestSchools.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. from our partners appear among these rankings and are indicated as such.

#1 Best Online Doctorates in Finance

Liberty University

• Lynchburg, VA
• Online + Campus

The doctor of business administration in finance program at Liberty University offers a flexible route to a doctorate. The private university provides flexible enrollment options to meet the needs of diverse degree-seekers. Doctoral students receive research support throughout the program.

In the online program, learners complete doctoral coursework and strengthen advanced skills. After passing comprehensive examinations, doctoral candidates complete an original dissertation that contributes to the field. With a doctorate, professionals may work in academia, research, and leadership roles.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Contact the finance program to learn about the enrollment process and start dates.

Liberty University at a Glance:

Online Student Enrollment: 78,511

Online Master's Programs: 67

Online Doctoral Programs: 9

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

Graduate Tuition Rate: $7,980

Accepts Transfer Credits: Accepted

#2 Best Online Doctorates in Finance

Kansas State University

• Manhattan, KS

The personal financial planning doctorate at Kansas State University offers an online option for doctoral students. Thanks to a flexible format, the public institution makes it easier to complete a doctorate. Doctoral students benefit from support services like career advising.

Doctoral candidates move through the program by passing exams and researching a dissertation project. With a doctorate, professionals may work in academia, research, and leadership roles.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Contact the program to learn about admission requirements.

Kansas State University at a Glance:

Online Student Enrollment: 5,850

Online Master's Programs: 26

Online Doctoral Programs: 4

Student-to-Faculty Ratio: 18-to-1

Graduate Tuition Rate: $10,212

Accepts Transfer Credits: Data not available

#3 Best Online Doctorates in Finance

National University

• San Diego, CA

National University offers an online Ph.D. in financial management. At the private institution, degree-seekers complete a doctorate in a flexible environment. Doctoral students receive research support and participate in scholarly events.

In the online program, learners take advanced doctoral coursework. After passing comprehensive examinations, doctoral candidates conduct research for their dissertation. As the terminal degree in finance, the program leads to career opportunities in academia, research, and industry.

At the accredited institution, online doctoral students qualify for scholarships, federal loans, and other forms of financial aid. Contact the program for more information about research support and financial aid.

National University at a Glance:

Online Student Enrollment: Data not available

Online Doctoral Programs: 15

Student-to-Faculty Ratio: 3-to-1

Graduate Tuition Rate: $16,983

#4 Best Online Doctorates in Finance

Walden University

• Minneapolis, MN

The online doctor of business administration in finance program at Walden University ranks as one of the best degrees in the finance field. At the private university, degree-seekers engage in online classes to earn a doctorate. Doctoral students participate in career counseling and benefit from research support.

During the online program, learners complete at least 49 credits of advanced coursework. After passing comprehensive examinations, doctoral candidates choose a dissertation topic and conduct research in their specialty area. As the highest degree in finance, the doctorate trains graduates for academic, research, and leadership careers.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Prospective applicants can contact the program for more about financial aid and admission requirements.

Walden University at a Glance:

Online Master's Programs: 39

Online Doctoral Programs: 20

Graduate Tuition Rate: $12,039

Choosing an Online Doctorate in Finance Program

50 Best Online Colleges & Universities Two main avenues exist for earning an online doctorate in finance: an academic route and an industry route. Students who want to apply their finance expertise to an industry job should consider earning a doctorate of business administration (DBA) in finance. Students looking to enter the academic profession as faculty should consider a Ph.D. finance program. While they may seem similar on the surface, these two finance doctorate pathways require different coursework and produce different learning outcomes. Carefully consider which path works best for your own goals.

An industry-focused program provides you with a firm foundation of quantitative financial skills and trains you to apply theory to real-world business scenarios. Additional concentrations may also let you further tailor your focus. Academic-focused programs require more intensive study of research and theory but offer fewer opportunities to hone mathematical finance skills. These programs also require dissertations, while industry-focused programs more commonly require a thesis. Finally, getting into an academic Ph.D. finance program may prove more difficult than a DBA program. While DBA programs often allow for cohorts of about 10 students, Ph.D. programs may only offer enrollment to one or two students per year.

What Else Can I Expect from an Online Doctorate in Finance Program?

The information below intends to provide a representative look at the potential curriculum content of a doctorate of finance. The specifics can vary, depending on the school and program you select. Different programs align with different career goals, in industry or academia, and offer courses according to these specific learning outcomes.

Concentrations Offered for an Online Doctoral Degree in Finance

• Careers this concentration prepares for: College Professor, Accountant, Auditor
• Careers this concentration prepares for: Finance Manager, Executive
• Careers this concentration prepares for: Personal Financial Advisor, College Professor

Curriculum for an Online Doctoral Degree in Finance

• Introduction to Empirical Methods: These introductory courses develop a foundational knowledge of academic and theoretical research methods by exploring a range of techniques and quantitative tools used for finance and economic analysis.
• Topics in Macroeconomics: Macroeconomics topics courses typically focus on two or three main areas of modern research, such as economic growth or wage inequality. Students read literature on the course topics and participate in discussions.
• Finance Theory: Expect to complete a few finance theory courses for your doctorate in finance online. From introductory levels to advanced courses, students develop an understanding of single period and dynamic models.
• Economic Analysis: Typically part of a sequence of multiple microeconomics theory courses, economic analysis courses focus on topics including consumer and producer choice and the nature of equilibrium in competitive markets.
• Applied Behavioral Finance: Through lectures, active discussion, and written assignments students learn to apply current behavioral finance theory and research to real-world scenarios like financial planning and business practice.

Earning an online doctorate in finance prepares an individual to work either inside or outside of the finance industry. Graduates' analytical skills and advanced knowledge of financial principles allow them to hold high-level positions in major companies, in the government, or in academia.

• Median Annual Salary: $76,000
• Projected Growth Rate: 15%
• Median Annual Salary: $125,080
• Projected Growth Rate: 19%
• Median Annual Salary: $90,640

Source: Bureau of Labor Statistics

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Online phd finance, are you wondering if an online ph.d. in finance is right for you looking for the best online ph.d. in finance programs this article features the top finance ph.d. programs available..

A Ph.D. in finance is the highest level of education you can complete in the field of finance. By pursuing an online PhD in finance, you’ll be prepared for some of the highest-level careers in the financial sector.

You may also like: IS A MASTER’S IN FINANCE RIGHT FOR ME?

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Students will be exposed to advanced concepts in these programs. Some of the skills you can learn in an online Ph.D. in finance program include:

Data Analysis

Predicting and detecting changes in financial events is an essential skill for online PhD in finance students to have. They will need to organize huge amounts of information and explore vast amounts of data. Therefore, understanding data analysis is critical for staying up-to-date in the finance industry.

Communication Skills

Ph.D. in finance students need to learn to communicate effectively. Conveying complicated concepts or interacting with other professionals make such skills essential. In addition, they help people make thoughtful word choices and play a role in how knowledge is presented.

Critical Thinking Skills

Those with an online Ph.D. in finance are some of the top thinkers in the finance industry. Critical thinking skills are a big part of that. It’s essential to know how to sort through complex information.

And it is equally important to understand how to find practical solutions to problems. Many classes in advanced online PhD in finance programs teach critical thinking and research skills.

Analytical Software Skills

It’s more important than ever that finance PhDs understand today’s financial software.

Software in this industry is geared toward e-business, education, statistics, and more. Having strong knowledge of these programs will ensure you stay on top of things in the world of finance. And an online PhD in finance program can give you those skills.

Economics and Accounting Skills

During an online PhD in finance program, students learn advanced economics and accounting skills. These programs cover accounting processes in all areas of finance. That includes everything from executive-level roles to research positions.

Courses may cover topics in both global economics and the U.S. marketplace. And you will learn high-level skills like advanced financial statement analysis.

Management and Leadership Skills

Students in an online Ph.D. in finance program may also cover management skills. These skills will be necessary for leadership roles when managing personnel. No matter what position you fill, these “people” skills can help with communication in the professional world.

You may also like: Best Online Graduate Schools

What’s the difference between a Ph.D. in Finance and a DBA in Finance?

You can pursue two different doctoral routes if you aim for an online Ph.D. in finance. A doctor of business administration (DBA) or a doctor of philosophy (Ph.D.) in finance are both options. Which one should you choose? It depends on your academic and career goals. Both are respected degrees that represent the highest level of academic achievement you can pursue. So what’s the difference?

Ph.D. in Finance

A Ph.D. in finance is an academic doctorate. For example, if you want to work in research or education, you would probably choose an online Ph.D. in finance. These programs tend to concentrate more on finance theories rather than practical applications. An online Ph.D. in finance is also focused on contributing to the field of finance with knowledge. PhDs in finance typically work in research centers or universities.

Doctorate in Business Administration in Finance

With a doctor of business administration degree in finance, you focus more on real-world finance and business topics. Unlike the online Ph.D. in finance, This degree is for those looking for a career in finance or consulting. Some DBAs do work in education. However, if you aspire to work with a Fortune 500 company or on Wall Street, for example, you would choose the Doctorate in Business Administration in Finance.

Related: TOP CAREERS FOR MASTER’S IN FINANCE DEGREES

Online PhD in Finance Methodology

For students who want to pursue an online PhD in finance, we have compiled a list of the top programs available. These programs have been selected for this ranking based upon a scoring system that considers the cost of tuition and length of the program. They are ordered from highest to lowest score.

All of the online PhD in finance programs are from nonprofit colleges. And each is accredited by a nationally recognized board. The listed tuition is from the school’s published prices and is based on yearly costs.

See also: For Profit vs. Non Profit Colleges: What’s the Difference? (nonprofitcollegesonline.com)

Best Online PhD in Finance: Students Before Profits

#1. liberty university.

Online Doctor of Business Administration – Finance

Lynchburg, virginia.

The first online PhD in finance program on our list is a 100 percent online Doctor of Business Administration–Finance degree. It is offered through Liberty University. Students in this program of study will work to expand their knowledge of business finance. Some of the topics in the program include:

• Managerial Finance
• Mergers & Acquisitions
• Investments & Derivatives
• Business Valuation
• Financial Management

Liberty has been ranked among the top online colleges in the nation by various publications. And this program is accredited by  ACBSP. The Accreditation Council for Business Schools and Programs is an elite organization. Only three percent of business schools in the world have earned this accreditation. We find this is one of the best online PhD programs in finance.

You’ll need 60 credit hours to complete the program. Doctorate in Business Administration students can finish online in as little as three years, and tuition is quite reasonable. The school has frozen tuition rates for the past several years. The cost per credit hour for this online doctor of business administration program is only $595 for full-time students.

Online students can take full advantage of many online resources while pursuing the program. These include technical support, an online writing center, online tutoring, and more. Students are also encouraged to visit any of Liberty’s campuses and participate in the school’s clubs, activities, and events. Some of these include:

• The LaHaye Ice Center
• Equestrian Center
• Montview Bowling Alley
• The Gun Club
• Liberty Mountain Snowflex Centre

Accreditation: Southern Association of Colleges and Schools Commission on Colleges

Tuition: $7,847

#2. University of Maryland

Online Doctorate in Business Administration

College park, maryland.

The University of Maryland offers an online doctor of business administration designed for working professionals. To complete this degree program, students must earn a total of 48 credits. UMGC is an excellent option for students who want to further their careers in finance. Students will study topics ranging from investment banking to econometrics and more. Topics include:

• Interpreting and Translating Management Theory in Practice
• Evidence-Based Research Methods
• Data Analytics in Practice
• Designing Evidence-Based Management Solutions
• Producing Original Management Ideas that Influence: Publishing and Conferencing 

Students are expected to have demonstrated leadership skills and management experience. There is a lot of writing involved in this program, so the school’s Graduate Writing Skills (ASC 601) is recommended. Applicants should be motivated and intellectually curious. Online students at UMGC can also take advantage of a wide range of services. These include:

• Academic advisors and success coaches
• Military & veteran support
• The UMGC Library
• Technical support Help Center  
• Writing center
• Lifetime career support
• One-on-one career planning and tools
• Global Campus student organizations

The University of Maryland has a wide range of grants, scholarships, and other financial assistance programs. Additionally, the school offers an interest-free monthly payment plan. UMCG is the second most affordable online PhD programs on our list.

Accreditation: Middle States Commission on Higher Education

Tuition: $9,072

Score: 99.75

#3. Kansas State University

Online Doctorate in Personal Financial Planning

Manhattan, kansas.

Kansas State University offers an online Doctorate in Personal Financial Planning. This program is designed to be completed in a hybrid format. While many of the courses are offered online, students must take some of them at the Kansas State University campus. These on-campus experiences consist of three consecutive summer residency sessions in Manhattan, Kansas. During these residencies, students in the personal financial planning program will build connections with their peers and instructors.

This is one of the only PhD in financial planning online programs in the country. A total of 90 credit hours are needed to complete the doctorate in personal financial planning. And the cost at Kansas State University is $635.60 per credit hour. Students can transfer up to 30 credit hours into the doctoral program. Some of the courses include:

• Estate Planning for Families 
• Insurance Planning for Families 
• Personal Income Taxation
• Financial Planning Case Studies 
• Introduction to Financial Therapy 
• Money and Relationships
• Applied Behavioral Finance
• Financial Therapy Theory and Research
• Financial Ethics and Mediation 

K-State uses Canvas for its online learning management system. Whether online or on-campus, you’ll get the same high-quality instruction. Students can complete this flexible personal financial planning degree program on their own schedule. You’ll do your weekly readings, discussions, and assignments at a time that is convenient for you. 

Online PhD financial planning students are invited to participate in commencement activities on campus. However, if you can’t make it to the University, a remote commencement ceremony is offered. In addition, online students can take advantage of all the services Kansas State University offers, including:

• Academic Advising
• Academic Coaching
• Student Access Center
• Writing Center
• Library Services

Accreditation: Higher Learning Commission

Tuition: $10,294

Score: 99.50

#4. City University of Seattle

Doctorate in Business Administration with Specialized Study Concentration

River forest, illinois.

The City University of Seattle offers an online doctor of business administration with a specialized study concentration. The concentration consists of 12 credits taken in a specific area of focus. Students can propose a particular industry to the program director. In this case, a student could transfer finance courses from another institution. They could also choose to do an independent study or choose from existing course offerings. Some of the courses include:

• Financial Decision Making
• Industry Analysis and Market Innovation
• Business Process Analysis and Strategic Management
• Quantitative Research Methods
• Qualitative Research Methods
• Research Fundamentals
• Organizational Development Theories and Trends
• Technology Implementation and Change Management
• Organizational Identity and Culture

This program consists of 91 credit hours and has no residency requirements. This is a very affordable Ph.D. in finance online at $765 per credit. City University students can expect to complete the program in three to four years. All of the school’s degree programs qualify for scholarships and financial aid. As a result, it is one of the top online finance PhD programs on our list. Additionally, the school offers many opportunities to connect with faculty members. These instructors are already working professionally in the field.

With this Ph.D. in finance online, students utilize Blackboard Collaborate Ultra. This allows for an interactive experience. You’ll interact together online with your classmates and instructors every other week. Other online services at City University of Seattle include:

• Library website
• Writing Center 
• Unlimited free tutoring through Smarthinking
• Technical help via Brightspace Help Desk and the Student Help Center
• Career counseling
• Mental health counseling

Accreditation: Northwest Commission on Colleges and Universities

Tuition: $11,812

Score: 99.25

#5. California Baptist University

Online Doctor of Business Administration 

Riverside, california.

California Baptist University has an Online Doctor of Business Administration program. Students can expect to complete this 56-credit-hour program in about three years. The courses in this program are delivered in an eight-week format. So students will study one course every eight weeks. This concentrated format ensures that students can devote all of their energies to learning one topic at a time. Some of the courses in this program include:

• Foundations of Organization and Management
• Ethics in Organizations and Management
• Financial Analysis for Decision Making
• Applying Economic Theory to Business
• International Finance
• Strategic Marketing
• Topics in Human Resource Management
• Research Design
• Data Analysis and Interpretation
• Quantitative Research
• Qualitative Research

Students at California Baptist University can take advantage of many exclusive services:

• Dedicated Personal Enrollment Counselor
• One-Stop Student Service Advisor
• Academic Success Center
• Smarthinking 24/7 Online Tutoring Support

Online Career Services  

CBU uses the Blackboard 9.1 learning platform. And they aim to employ the latest technologies in remote education. As a result, they have also been named one of the top online colleges by U.S. News and World Report. 

Accreditation: Western Association of Schools and Colleges 

Tuition: $13,590

Score: 99.00

#6. George Fox University

Online Doctor of Business Administration

Newberg, oregon.

This next program is one of the best finance Ph.D. programs available. George Fox University offers a hybrid Doctorate in Business Administration with two concentrations. Students can choose management or business analytics. Both programs introduce students to advanced finance concepts. So your choice will depend on your specific goals. George Fox has one of the best finance PhD programs on our list.

This online Ph.D. in finance requires two in-person sessions per year. So you’ll want to be sure your schedule allows for this. George Fox University estimates that students can complete this rigorous degree program in four to five years. The cost is $980 per credit hour before financial aid.

This program is ideal for working professionals. In addition, it’s beneficial for those who want to develop their financial knowledge further to advance their careers. The program itself is accredited by the ACBSP . Some of the courses you may take include:

• Leading in Organizations
• Foundations of Marketing
• Conceptual Foundations of Economics
• Conceptual Foundations of Finance
• International Business
• Business Analytics: Analytic Thinking and Decisions
• Seminar in Accounting
• Business Analytics: Descriptive Analytics and Forecasting
• Business Analytics: Applied Analytics and Predictions
• Business Analytics: Prescriptive Analytics and Modeling

This finance Ph.D. program functions around a cohort model. This model allows students to interact and network with their instructor and peers. This gives them a way to connect with other professionals across the country and even across the world. Online students have a variety of services at their disposal, including:

• Writing circles
• Academic Resource Center (ARC) 
• Career Services (IDEA Center) 
• Student Jobs on Campus (Handshake) 
• Athletics 
• Clubs 
• Spiritual Life Groups
• Music Ensembles 
• Student Publications 
• Theatre Performances 
• Bruin Community Pantry 
• Diversity Initiatives & Programs 
• Health & Counseling Center
• Intercultural Resource Center 
• Student Support Network 

Tuition: $14,158

Score: 98.75

#7. Johnson & Wales University

Providence, Rhode Island

Johnson & Wales University online Doctor of Business Administration degree program is one of the best finance programs on this list. Students enrolled in the program will develop the financial acumen for high-paying careers in finance. And they will be prepared for roles such as:

• Executive-level organizational leaders
• Industry innovators
• Consultants
• Policymakers

Additionally, for those pursuing a career in education, the Doctorate in Business Administration is recognized as a terminal degree. 

A total of 60 credit hours are needed to complete the program. It takes approximately three years to finish. Courses are offered in eight-week formats, which means students focus on only one topic at a time. That allows you to fully understand the material before moving on to the next learning area. This degree has definitely earned its spot among our top finance Ph.D. rankings. Courses in the program include:

• Contemporary Issues in Finance and Accounting
• Advanced Strategies in Organization Development
• Problems and Methods in Marketing Management
• Business Analytics and Intelligence
• Organizational Behavior
• Innovation and Change
• Contemporary Leadership Issues
• Leadership and Managing Large Scale Transformation

The program is offered in collaboration with JWU’s College of Business. It is entirely online with no residency requirements. 

Accreditation:   New England Commission on Higher Education

Tuition: $14,706

Score: 98.50

#8. Franklin University

Online Doctor of Business Administration – Accounting

Columbus, ohio.

 Franklin University offers a 100 percent online Doctorate in Business Administration-Accounting degree. The program is designed to teach students to become problem-solving business leaders. While not a Ph.D. in Finance, you can customize this degree with several electives. This allows students to advance their knowledge of finance topics such as:

• Advanced Accounting
• Federal Income Tax
• Accounting Research and Analysis
• Financial Planning
• Enterprise Resource Planning
• Financial & Managerial Accounting
• Management Control Processes & Systems
• Introduction to Tax Research
• C-Corporation Taxation
• Enterprise Risk Analysis & Management

The program requires a total of 58 credit hours, and students can complete it in as little as three years. The cost per credit is $748. However, Franklin University offers many financial aid resources . These include scholarships, grants, and other forms of assistance. They also have installment payment plans and deferred tuition reimbursement.

Franklin has a generous transfer program as well. Doctoral students can transfer up to 24 credits. And the school will work diligently to ensure you maximize all the credits you can. 

Students studying finance online at Franklin have plenty of support services, too. All students have a personal advisor to help them one-on-one with questions or concerns. In addition, tutoring, writing help, research help, library services, and more are also available. 

Tuition: $16,080

Score: 98.25

#9. Cambridge College

Online Doctor of Business Administration – Quality Systems Management

Boston, massachusetts.

This next program is offered through the New England Institute of Business at Cambridge College. It’s an online DBA Administration Quality Systems Management degree. This online Ph.D. in finance is ideal for students who want to gain the knowledge and expertise to build a career in certain finance professions.

A total of 60 credit hours are needed to complete this program, and the cost is $658 per credit hour. Military members, first responders, and veterans are entitled to a discount. The school anticipates that students can complete the program in three years. Some of the courses related to finance in this program include:

• Financial Management and Fiscal Leadership
• Benchmarking, Reengineering, and Cost of Quality
• Business Analytics and Strategic Decision Making
• Innovation, Strategic Technologies, and Sustainability
• Business Operations and Supply Chain Management
• Strategic Management and Globalization

The online Doctorate in Business Administration has two required residency courses. Students must attend each of these in full. There is one four-day residency and one three-day residency. If you have special circumstances, you must notify the school in advance.

Students pursuing finance online are entitled to the same services as their peers on campus, including:

• Academic Support
• Center for Career and Professional Development

Accreditation: New England Commission of Higher Education 

Tuition: $16,409

Score: 98.00

#10. Northcentral University

Doctor of Business Administration with a Specialization in Financial Management

San diego, california.

Northcentral University offers an Online Doctorate in Business Administration with several specializations. The one we’re discussing here is the financial management specialization. It’s a 48-credit-hour program designed to be completed entirely online.

This finance degree is a great option for students looking for an affordable Ph.D. in finance online. It is staffed by a 100 percent doctorate faculty. And you can complete the program in approximately 34 months. The entire program is asynchronous and starts every Monday. There are no residency or GRE/GMAT requirements. Topics in the financial management specialization include:

• Advanced skills in fiscal analysis, budgeting, and spending for public and private organizations
• Domestic and international finance
• Causes of fluctuations in interest and monetary exchange rates
• Advanced business financial decision models
• Investment selection techniques 
• How financial institutions generate earnings and manage risk
• Corporate Finance

At NCU, students can interact one-to-one with their professors. And they will receive personalized mentoring. The school has a Virtual Education Support Center where you can access plenty of resources. Plus, students studying finance online can take advantage of a Virtual Center for Health and Wellness.

Graduates of this program will be ready for a variety of careers. A few of those include:

• Financial Research Specialist
• Statistician
• Financial Analyst
• Budget Analyst
• Loan Officer
• Financial Manager
• Financial Planner
• Investment Banker

Accreditation: Western Association of Schools and Colleges

Tuition: $16,881

Score: 97.75

#11. Rutgers University

Online PhD in Management – Finance Concentration

Newark, new jersey.

Students at Rutgers University can enroll in the school’s Online Ph.D. in Management and choose a finance concentration. This program is one of the top finance Ph.D. programs on our list. And it’s ideal for working professionals who want to further their careers in finance. You’ll need to earn a total of 72 credits to complete the program. Courses include:

• Microeconomic Theory
• Optimization Models in Finance 
• Math Methods in Economics
• Introduction to Probability
• Stochastic Processes
• Game Theory
• Macroeconomics
• Modern Statistics
• Investments
• Accounting Theory I: Theory of Corporate Disclosures, Control, and Governance
• Floating Finance Seminar
• Econometrics 

This finance degree program is via the Department of Finance & Economics of Rutgers Business School. The business school is a member of AACSB International—The Association to Advance Collegiate Schools of Business. There are five research centers associated with this department:

• Blanche and Irwin Lerner Center for Pharmaceutical Management
• Center for Real Estate
• Center for Research in Regulated Industries
• Rutgers Financial Institutions Center
• Whitcomb Center for Research in Financial Services

Although not required, it’s a plus if you have a master’s in computer science, economics, or mathematics. However, if your background in finance or economics is limited, the school suggests taking an additional course. This would be the Master of Quantitative Finance course. While this doesn’t guarantee admission, it can benefit you in your studies. 

Tuition: $18,168

Score: 97.50

Related: Largest Nonprofit Online Universities

Why Should You Pursue an Online PhD in Finance?

A doctoral degree in finance represents the highest academic level you can reach in college. And it puts you in an elite group of students. Only around 181,000 students earn a Ph.D. each year. You might think that is a lot. But over 800,000 students get their master’s degrees. And nearly two million students graduate with a bachelor’s degree every year. 

When you graduate with a Ph.D. in Finance online, you are considered an expert in the field of finance. Your credentials open up many possibilities for careers others can only dream about. You can also reach more of your personal and financial goals.

Are Online PhD in Finance Programs Legit?

When looking for the best school for PhD finance programs, one of your main concerns should be credibility. There are a few for-profit schools offering these degrees, but many of them have some shady practices . You should avoid these “diploma mills” at all costs. Many are not even accredited. 

You’ll want to look for programs offered at reputable nonprofit colleges and universities. Nonprofits can be public or private. And they invest all their earnings back into educational programs. Nonprofits do not exist to make money. At Nonprofit Colleges Online, we only feature universities and colleges that are not for profit. 

We also look for accreditation. Each of the schools we review is accredited by a national or regional accrediting body. Accreditation is crucial when looking for the best online Ph.D. in finance. When a school is accredited, it meets certain academic standards for rigor, quality, and other factors. In fact, some employers won’t even consider hiring a candidate who has not attended an accredited program. 

See Also: BEST ONLINE MASTERS IN FINANCE: STUDENTS BEFORE PROFITS AWARD

On-Campus vs. Online PhD in Finance Programs

Online PhD in Finance programs are getting more and more popular each year. But are they really as good as the on-campus versions? First, let’s look at a few things that are not different about pursuing an online degree program.

1. Online degree programs are just as academically rigorous as their on-campus counterparts.

You’ll focus on the same curriculum when studying online. You will take the same exams and quizzes. And you will complete the same research and assignments. 

2. Online PhD in Finance programs have the same esteemed instructors.

The online version of a Ph.D. program will almost always have the same faculty members. You can expect to meet the same respected professors and instructors that teach in the classroom.

3. Online PhD in Finance degrees look no different than those earned on campus.

Your degree will not specify that you earned it online. Instead, you will have the same diploma as students who attended an on-campus program. And only you will know you earned your degree online.

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What Is Different About Online Ph.D. in Finance Programs?

Online and on-campus Ph.D. programs have two significant differences—pace and schedule. When students attend on-campus programs, there are a specified number of courses to finish. Class begins and ends at a particular time, and assignments all need to be completed by a specific date. You usually can’t go at a faster pace since everyone is taking the course at once. And if you lag behind, you may fail the course or have to complete it again.

With online programs, there is much more flexibility. For example, you’ll have the same number of courses and the same assignments, lectures, readings, etc. But you can usually progress at your own pace. When taking online courses, you don’t need to show up to class at a specific time. You can log in and complete your assignments whenever it is convenient.

Related: BEST ONLINE BACHELOR’S IN FINANCE/ECONOMICS: STUDENTS BEFORE PROFITS AWARD

How Many Years Does It Take to Earn a Ph.D. in Finance?

The credit hours needed for earning an online Ph.D. in finance can vary significantly. Often, it depends on the school you choose and how rigorous the program is. The number of credits can be between 50 to 90, with 60 being about average. For full-time students, most online doctoral programs can be finished in three to four years. 

This concludes our ranking of the top online PhD in finance degree programs.

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Financial Planning Graduate Programs in America

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Bentley University McCallum Graduate School of Business

Waltham, MA •

Graduate School

• • Rating 4.71 out of 5   21 reviews

Master's Student: I have had a fantastic experience at Bentley. The hybrid and fully online courses make it possible for me to have a full time job, take care of my young family, and complete my degrees in a reasonable amount of time. The professors are incredibly knowledgable in their fields and bring so much real world experience to the table. I've learned so much about leadership in my MBA courses that I've actively used in my job. ... Read 21 reviews

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November 17, 2016 07:39 am 17 Comments CATEGORY: Personal/Career Development

Executive Summary

With over 75,000 CFP certificants, having an advanced designation is not the differentiator it once was in the marketplace. Instead, the successful growth of CFP certification, along with rising consumer awareness of the CFP marks, is turning the CFP into a minimum standard to be recognized as a professional, and those who really want to differentiate must pursue even most "post-CFP" certification instead.

In this week’s #OfficeHours with @MichaelKitces, my Tuesday 1PM EST broadcast via Periscope, we explore whether getting a PhD in personal financial planning is a good way to differentiate as an advanced practitioner... or rather, why a financial planning PhD is probably a bad idea for even sophisticated financial advisors.

Because the reality is that a financial planning PhD is really  not  just the ultimate advanced designation in financial planning. It's really a research  degree, with content that teaches students how to actually  do  real research, applying proper research methods and conducting the appropriate statistical analyses. A financial planning PhD doesn't actually teach much at all about how to  do  financial planning; in fact, most of the PhD programs will expect candidates to have already learned that before applying (and/or may have to take "pre-doctoral" courses just to get the requisite education first).

Instead, the real purpose of getting a PhD in financial planning is to teach  financial planning (at a higher education institution), or to do real research in financial planning. The good news is that there are a growing number of opportunities in both - in fact, the whole purpose of the origin $2,000,000 seed grant that the CFP Board made to Texas Tech's personal financial planning PhD program in 2000 was specifically to help create financial planning PhDs who could go create and teach in other financial planning PhD programs (which is exactly what happened). And there is certainly no shortage of applied financial planning research opportunities.

But the bottom line is simply to recognize that practitioners who want "advanced" financial planning designations should seek out post-CFP designation programs, or perhaps a Master's in Financial Planning . But a PhD is not just a more advanced designation; it's really a teaching and research degree, and is best suited for those who really  want  to teach and do research, either in lieu of becoming a financial planning practitioner, or perhaps as a second career for those practitioners who are ready for a fresh new challenge!

Author: Michael Kitces

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , which provides an evidence-based approach to private wealth management for near- and current retirees, and Buckingham Strategic Partners , a turnkey wealth management services provider supporting thousands of independent financial advisors through the scaling phase of growth.

In addition, he is a co-founder of the XY Planning Network , AdvicePay , fpPathfinder , and New Planner Recruiting , the former Practitioner Editor of the Journal of Financial Planning, the host of the Financial Advisor Success podcast, and the publisher of the popular financial planning industry blog Nerd’s Eye View through his website Kitces.com , dedicated to advancing knowledge in financial planning. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Read all of Michael’s articles here .

(Michael’s Note: The video below was recorded using Periscope, and announced via Twitter. If you want to participate in the next #OfficeHours live, please download the Periscope app on your mobile device , and f oll ow @MichaelKitces on Twitter , so you get the announcement when the broadcast is starting, at/around 1PM EST every Tuesday! You can also submit your question in advance through our Contact page !)

#OfficeHours with @MichaelKitces Video Transcript

Welcome, everyone! Welcome to Office Hours with Michael Kitces!

I want to talk today about advanced financial planning education.

For most of the history of financial planning, educational programs associated with advanced designations like the CFP certification or the ChFC marks  were the highest level of advanced education available. Unlike some fields that offer graduate level advanced education, though, most of these programs were typically taught as adult education certificate programs.

These adult education programs were created to teach the core knowledge (and maybe in the case of CFP marks, to specifically prepare you for the test), but not necessarily to develop 'advanced' practitioners. Most financial planning designation programs are functionally the equivalent of about a half a dozen undergraduate level courses at the most.

In the past 15 years, though,  we've seen the rise of actual college degrees in financial planning . Much of that growth was spawned by a visionary grant from the CFP Board to Texas Tech – which seeded $2 million in 2000 to the personal financial planning PhD program at Texas Tech University, and started the growth of higher education programs for financial planning.

The goal of the grant was to create PhD graduates from Texas Tech, who in turn could go out and create other PhD programs, since most higher education institutions require a professor having a PhD in order to teach in a PhD program.

Financial Planning PhD Programs [Time - 1:38]

Now, 15 years later, the education landscape looks very different. We've reached the point where there are as many degree based undergraduate and graduate programs in financial planning as there are adult education certificate programs!

We've also seen the rise of about a half a dozen Ph.D. programs. These include, the original Texas Tech personal financial planning PhD program itself, as well as PhD programs at the  University of Georgia ,  Kansas State University , and the University of Missouri  – each of which have had some faculty who received their doctorates from Texas Tech. More recently launched programs include Louisiana State University  and the new Ph.D. program at the American College of Financial Services taught by Dr. Wade Pfau , who many of you know from the world of retirement research.

With the growth of all these advanced programs in financial planning, I'm actually hearing more and more practitioners asking the question: is worthwhile to get a Ph.D. in financial planning?

So that's the question I want to tackle today. What's the relevance of a PhD in financial planning for a financial planning practitioner?

What Is A Financial Planning PhD, Really? [Time - 2:37]

To answer the question, first I think it's really crucial to recognize what a PhD actually is. A PhD is a professional research degree. It is not an advanced financial planning designation for practitioners.

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You'll see this distinction if you actually look at the curriculum of a PhD program. You may see some credit hour requirements for mastering the core financial planning body of knowledge, but many programs actually characterize these as pre-doctoral foundational classes – stuff they would've expected you to get in a Master's degree, but if you haven't, then you can do that first.

Within the PhD program itself, you'll often find courses that are heavily research oriented. You'll find courses on research methods, quantitative models, possibly even econometrics – all built around how you actually do research in financial planning.

A PhD program will culminate in a doctoral dissertation where you're going to do a very in-depth research study into something related to financial planning. Some programs will let you do a dissertation composed of three slightly smaller original research studies that you can later submit for journal publication (a "three papers" dissertation, rather than one mega study).

But I can't emphasize enough that the focus of financial planning PhD content is not advanced financial planning like a Master's degree might be. It's about actually doing research in financial planning!

Using A PhD in Financial Planning To Become A Professor [Time - 4:03]

Given these dynamics, what do you do with the financial planning PhD?

As the funding from the original CFP board grant indicates, one of the primary opportunities for getting a Ph.D. in financial planning is to teach personal financial planning, particularly in a higher education institution. And I think it's worth noting this is a really exciting time for the growth of financial planning as an educational discipline, as we grow the number of degree-based programs.

My gut is that in the coming decade we may actually see a shift where the requirements for financial planning education move up and require more college course work in financial planning. We already require a general bachelor's degree to get your CFP marks , but perhaps will require more actual content in financial planning. After all, when you compare financial planning to other more established professions - such as law, accounting, medicine - they all require graduate degrees to really master the content, and then you learn to be a practitioner as you get your experience and actually attain your license!

As financial planning grows and expands its body of knowledge, we may soon get there as well with an important caveat: If we actually require everybody who's getting CFP marks to get college education in financial planning, there are not enough professors to teach them all! Particularly not if we require coursework at the graduate level, which will require more PhDs to build more programs and continue to grow the field.

So for those of you who are practitioners and think a second career as a financial planning educator might be appealing, a PhD can be a very good path for you.

Doing Original Research With A Personal Financial Planning PhD [Time - 5:36]

The second alternative for what to do with a financial planning PhD is to actually do research .

To be honest, I think research in financial planning is woefully inadequate right now. There's so much we advise on that relies on rules of thumb instead of real, validated research. I think we're especially weak about this when it comes to the science of actually delivering financial planning.

You can even see it in our labels. It's common to call the technical stuff the "science" of financial planning, while the delivery is the "art" of financial planning (or the "soft side" of financial planning).

However, there's actually a hard science to the soft side of financial planning as well! If you look at fields like medicine and psychology, there is extensive research in the soft skills that relate to connecting with patients and giving people advice that helps change their behavior. When we look at financial planning, we don't even teach behavior change in most financial planning programs! It's certainly not a material part of the core curriculum.

Imagine all the research that can be done on the softer side of financial planning – not to mention all the stuff on the hard research side as well, such as retirement research, research on how to positively impact spending and saving behaviors, research on how to improve the psychology of insurance so people who actually need coverage would buy it, and research on how our financial literacy grows, develops, and changes over time.

For instance, there's fascinating research out there already on how our financial literacy tends to decline with age, though our confidence in financial literacy does not . We continue to be confident, even though we actually know less. That has all sorts of implications around how we might engage as planners, but you need research to validate and support it. As a financial planning PhD, if you want to go down that road, you can contribute to that research!

If there's one thing you take away from this, it is to recognize that a personal financial planning PhD is not an advanced financial planning practitioner designation – it's a research degree (or at least it's a teaching and research degree). It's something that you get if you want to be a professor that teaches financial planning, or if you want to be affiliated with a university that does financial planning research, or maybe you want to do your own independent financial planning research. It's not meant for simply being an advanced practitioner, and that's an important distinction.

In fact, realistically, if you don't like doing mathematical analyses, building models, working with giant spreadsheets, and learning how to use real number crunching software – recognize that you're probably not going to be very happy in the program. Good PhD programs are generally very quantitatively oriented. So at a minimum, be certain that you go into it with your eyes wide open about what it really entails because the cost is not trivial. A lot of PhD programs will cost you tens of thousands of dollars.

If you just want your CFP education as Eddie just noted [from Periscope], you can get a CFP designation and maybe pursue a Master's degree – most of which are structured as advanced practitioner degrees. But, a PhD is really something different. If your passion is teaching and research, go get a PhD If you're a practitioner that's maybe thinking about a second career and interested in conducting research, you may want to consider a PhD as a second career path. But, if you simply want to get a more advanced knowledge and education as a financial planning practitioner, look to graduate degrees and advanced designations – not a PhD!

So I hope that helps a little as some food for thought. This is Office Hours with Michael Kitces 1:00 p.m. East Coast time every Tuesday. Thanks for hanging out with us and have a great day everyone!

So what do you think? Do you have any interest in getting a Ph.D. in financial planning? Do you think we will continue to see research more heavily influence our industry? Are Master's degrees or advanced designations better options for most practitioners?  Please share your thoughts in the comments below!

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2024 Best Online PhD in Finance Programs [Doctorate Guide]

An online PhD in Finance offers the opportunity to study finance and economics at the highest level.

You can learn how to use financial models and theories to develop a deeper understanding of economic systems and solve business problems. Finance PhD degrees also teach students to conduct quantitative research on financial networks and policies.

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Graduates can use their knowledge and skills to pursue careers in a variety of areas, including academia, business consulting, data science, finance, and the public sector.

PhD in Finance Programs Online

A Ph.D. in Finance is designed for people who want to immerse themselves in academic research and theory. This degree focuses on advanced financial models and concepts used to explain and forecast the performance of the economy, financial institutions, investments, and other aspects of modern finance.

Doctoral students in this field also study approaches and techniques for conducting empirical research. Students practice collecting and interpreting data from a variety of sources, such as consumer surveys and income statements. They also use econometrics to statistically analyze financial data and trends.

Other topics commonly taught in finance doctoral programs include:

• Asset pricing
• Banking systems
• Corporate finance and capital markets
• Empirical analysis
• Financial decision-making
• Financial markets
• International financial topics
• Macroeconomics
• Market design
• Microeconomics
• Time series analysis

Additionally, students can develop many technical skills related to financial research. For instance, finance PhD programs often encourage students to use programming languages like Python and R to extract and analyze data. Students may also learn to use the latest digital tools to interpret data and create financial models, such as MATLAB and Stata.

Graduates can use their finance PhD degrees to pursue a broad range of careers. Many students enroll in these programs because they want to work in higher education. They may use their specialized knowledge to become professors and academic researchers.

The private sector also provides many employment opportunities for PhD holders. All organizations need business-savvy professionals who can manage financial resources, make predictions, and formulate financial strategies. As a result, there are numerous finance-related jobs in all industries.

Graduates may also secure jobs with nonprofit organizations. Some work as grant writers, while others become policy analysts. Other potential careers in this sector include development officer and program manager. These roles all focus on helping nonprofit organizations generate more income and solve economic or social issues.

Finally, this degree can be beneficial for people who want to become consultants or entrepreneurs. You can learn business tactics and skills that you can use to help clients perform better or to launch your own company.

Finance Careers & Salaries

A doctoral degree in finance can pave the way for many career paths. Many graduates pursue careers as college professors in business, economics, and finance departments. These professionals teach students and publish research in their area of specialty.

Additionally, many graduates secure employment with private corporations and financial institutions, including banks, credit unions, and investment firms. They can become actuaries, cost estimators, financial analysts, and other finance professionals.

These specialists use the advanced knowledge and research skills they gained during their PhD programs to analyze financial data and help corporations make data-driven business decisions.

According to the Bureau of Labor Statistics , here are careers associated with finance and their median salaries.

Some graduates become financial analysts and researchers for government agencies and think tanks. They often help their employers develop and explore the implications of economic policies, political strategies, and social policies. Graduates can also work for or start consulting firms.

Business and management consultants examine their clients’ financial records and operations. They use their findings to identify inefficient workflows and other issues and make recommendations to help businesses improve their performance.

Online Finance PhD Curriculum & Courses

Finance PhD programs teach advanced finance concepts and research skills. The specific curricula vary by program but may include courses similar to these:

• Empirical Methodology in Finance : You’ll learn how to use popular empirical research methods to investigate and solve issues in the finance industry.
• Financial Economics : This course analyzes foundational theories and applications of modern financial economics, such as arbitrage pricing theory, mean variance theory, and stochastic dominance.
• Financial and Economic Networks : You’ll use empirical and theoretical research methodologies to deepen your understanding of financial modeling and networks.
• Household Finance : You’ll explore recent empirical research projects in household finance and learn strategies to gather and analyze data.
• International Finance : This class traces the history of academic research on international finance and covers techniques students can use to conduct research in this field.
• Introduction to Asset Pricing : You’ll investigate how finance institutions use asset pricing models to predict the expected rate of return for investments.
• Introduction to Corporate Finance : You’ll learn how to create, interpret, and conduct quantitative research with corporate finance models.
• Macro-Finance : You’ll examine fundamental areas and methods in macro-finance, such as asset pricing, fiscal policy, and household finance.
• Microeconomics : This course overviews applications and theories of microeconomics, including aggregated demand and general equilibrium analysis.
• Theories of Finance : You’ll study contemporary financial theories and their relationship to asset pricing, corporate finance, and financial markets.

Additionally, many programs require finance PhD students to take courses in statistics and probability.

How to Choose an Online PhD in Finance Program

All finance PhD programs have different educational opportunities, learning environments, and resources. As a result, there are many factors to consider as you compare finance degree online programs, such as:

• Program reputation . Employers often look more favorably at job candidates who graduated from high-ranking institutions with excellent reputations. Additionally, attending a top program could provide more opportunities to develop a robust professional network in your chosen area.
• Research areas . Doctoral students typically research and write about specific topics or subfields that align with their personal and professional interests. It’s beneficial to look for a program with well-known faculty specializing in your chosen areas, such as corporate governance or behavioral finance. These professors can guide your research and connect you with resources.
• Funding opportunities . Some PhD programs in finance offer full or partial funding for qualifying students. You might qualify to receive a tuition waiver, a stipend to cover conference travel, and other financial assistance. You can also inquire about additional funding opportunities, such as grants and scholarships from the college.
• Course format . The specific mode of delivery for online courses varies. Some programs offer synchronous online classes, which allow you to interact with professors and peers over video chat. Others have asynchronous courses that you complete on your own schedule.

Additionally, you can ask a program’s staff if they have current students or recent alumni willing to speak with you. These informal conversations can help you get a better sense of the program’s culture and strengths and weaknesses.

Admissions Requirements

Many PhD programs in finance only admit a limited number of students each year, so the admissions process can be competitive.

Every institution has its own admissions criteria, but here are a few typical requirements:

• Bachelor’s or master’s degree in related field
• Statement of purpose describing your interests, goals, and reasons for applying
• CV listing education, work experience, applicable skills, and volunteer activities
• Confidential letters of recommendation
• Official transcripts

Some colleges and universities also request GMAT or GRE scores, but many programs are phasing out this requirement.

Online PhD in Finance Programs Accreditation

Accreditation is an essential factor to consider as you compare finance doctoral programs, much like when considering an MBA in Finance online or on campus programs. Colleges and universities can earn regional accreditation if an external regional accreditor assesses their programs and faculty and verifies that they meet agreed-upon educational standards.

Accredited programs offer professional and academic benefits. Employers often prefer to hire graduates from accredited schools because they know these candidates have received a quality education. Accredited doctoral programs typically provide access to student support services, such as online library databases and career centers.

Plus, many government agencies and private organizations only distribute financial assistance to students enrolled at accredited institutions.

Financial Aid and Scholarships

As you investigate finance PhD programs, you can also search for financial aid opportunities to help pay for your degree.

Many doctoral programs offer full funding for qualified students. These funding packages could include a stipend, tuition waiver, and health insurance. Students may need to work as a teaching or research assistant in exchange for this funding. Also, they are typically required to maintain a certain GPA and meet program milestones.

The federal government also offers several types of financial assistance for graduate students. You may be eligible for federal grants, student loans, or a part-time work-study program. You can learn more about these opportunities by visiting the Federal Student Aid website.

In addition, many employer offer financial support for workers who want to further their education. You can ask your supervisor about any tuition assistance or reimbursement opportunities.

What Can You Do with a PhD in Finance?

A doctoral degree in finance can help you qualify for many lucrative careers. Many graduates use their expertise and research skills to secure positions as postsecondary teachers.

The Bureau of Labor Statistics predicts that the demand for this career will increase by 12% over the next decade. Additionally, a PhD in Finance can help prepare you for numerous jobs in business and finance. Some graduates become financial managers and oversee their organization’s investments and revenue.

Finance is a good career path for many students. Other potential career paths in the finance industry include financial examiner, chief financial officer (CFO), management analyst, and operations research analyst. These positions focus on data analytics and strategic decision-making.

Should I Get a PhD in Finance?

Finance PhD degrees tend to be rigorous and involve extensive research and writing.

Here are a few signs that this degree could be the right fit:

• Your preferred career requires a terminal degree in the field.
• You enjoy studying economics, mathematics, and statistics.
• You want to become an expert in financial systems and theories.
• You’re passionate about researching topics in business and finance.
• You want to publish your research for academic audiences.
• You’re interested in teaching students.

If some of these criteria apply to you, a doctoral degree in finance could be a strategic next step.

How Long Does It Take to Get a PhD in Finance Online?

Most PhD programs in finance take 3 to 5 years to complete if you enroll full-time. But several factors can affect how long it takes you to graduate.

Programs that require a dissertation typically take longer. Many students spend a total of 5 years—including 3 years completing coursework and 2 years writing their dissertation. Some students take longer, though, to finish their dissertations, extending the length of their program.

Doctorate programs that don’t require a dissertation may be completed in 3 to 4 years if students are enrolled full-time.

What’s the Difference Between a DBA vs. PhD in Finance?

A Doctor of Business Administration (DBA) and a Doctor of Philosophy (PhD) are both terminal degrees in finance, but they have a few crucial differences.

A PhD could be a strategic choice if you’re passionate about research and teaching.

Is a PhD in Finance Worth It?

Yes, a PhD in Finance is worth it for many students. This degree allows you to develop a deeper understanding of economics, financial markets, and investment techniques. You’ll also learn how to identify business problems and mitigate risk.

In addition, a doctorate in finance enables you to develop expertise in specific areas of finance. For instance, you could specialize in behavioral finance, econometrics, or financial technologies. Expertise in these fields could lead to career paths in academic institutions, corporations, tech startups, and other organizations.

The Bureau of Labor Statistics predicts that overall employment of business and finance professionals will increase by 7% over the next ten years, and 12% job growth is projected for postsecondary teachers.

Universities Offering Online Doctorate in Finance Degree Programs

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.

A Doctorate in Personal Financial Planning is available through Kansas State University. The program is 1 of only 4 in the country recognized by the Certified Financial Planner Board of Standards. Coursework is completed online during the fall and spring. There are three summer residencies, lasting 10 days each. The final residency is abroad. Kansas State University is accredited by the Higher Learning Commission.

National University offers a PhD in Business Administration with a concentration in Financial Management. The program may be completed entirely online. On average, the required 60 credits may be completed in 73 months. Courses are 4 to 8 weeks long. The school offers weekly start dates. National University is accredited by the WASC Senior College and University Commission.

A Doctorate of Professional Studies with a concentration in Finance may be earned through Pace University. Coursework is completed online with Friday sessions on campus once per month. Courses follow a semester schedule. Typically, the 19 required courses may be completed in 3 years. Pace University is accredited by the Middle States Commission on Higher Education.

Texas Tech University offers a PhD in Personal Financial Planning. The program is available fully online or on campus. The program requires 72 credits. Courses follow a semester schedule with 3 start dates. Upon completion, graduates may be eligible to take the CFP Certification exam. Texas Tech University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

A PhD in Business with a specialization in Finance through the University of the Cumberlands. Coursework is online with fieldwork or an internship required. The program requires 66 credits including 24 hours in professional research and 24 hours in Finance. Courses are in half- or full-terms. The University of the Cumberlands is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Walden University offers a PhD in Management with a specialization in 21st Century Finance. The program is fully online and requires 4 brief academic residencies. The program is course-based with weekly assignments. Most courses are asynchronous in format. Courses are in an accelerated format with several start dates each year. Walden is accredited by the Higher Learning Commission.

Getting Your Doctorate in Finance Online

If you want to study and help solve complex business and financial problems, you might consider earning an online PhD in Finance.

Finance doctoral programs teach students about asset planning, financial models, regulations, and other topics. They also cover empirical research skills, such as creating surveys and managing datasets. Graduates apply their knowledge in many positions. Some become college professors, while others pursue roles as financial managers, consultants, and marketing analysts.

You can kickstart your doctoral journey by exploring online finance PhD programs from accredited schools today.

Master of Science (M.S.) in Financial Planning

Money isn’t just about trading stocks or creating a retirement plan. Money affects people and how they behave, and I strive to uncover how that behavior affects people’s overall financial health.

John Grable, Ph.D. , CFP®

Athletic Endowed Professor

Application Deadlines

News & events, testimonials, contact information, request information.

Take the next step in your finance career with a flexible and convenient online Master’s in Financial Planning (MFP) from the University of Georgia. This non-thesis online master’s degree program can help bolster your credentials and set you apart from your peers in the industry. 

The University of Georgia’s online Master’s in Financial Planning—offered through the  College of Family and Consumer Sciences —is designed for individuals who are seeking to begin or advance their career in the area of personal finance. Because the program is 100% online, you can gain experience and expertise that goes beyond certification – all from the comfort and convenience of wherever you are.

What Are The Benefits Of An Online Master’s In Financial Planning? 

The online Master’s in Financial Planning provides a flexible way to earn a degree while still meeting the demands of your busy schedule.  Courses are scheduled in convenient 8-week increments, allowing you to balance coursework with other life commitments. 

By earning a master’s degree you can change your career, pursue advancement in your current role, or continue on to doctoral studies.  Online students are granted the same access to online resources, library services, and technical support as all enrolled University of Georgia students to help ensure that you are equipped for success in every way.    

Why Choose UGA Online’s Master’s In Financial Planning Program? 

As an online graduate of the University of Georgia, you become part of an extensive alumni network and a longstanding tradition of striving for excellence in every pursuit.  For over two hundred years, we have been on a mission of leadership and service, and today, we are  ranked #16 among the nation’s top public institutions  by U.S. News & World Report, with numerous  online master’s programs ranked in the top 10  among programs nationwide.

What Can I Do With A Master’s In Financial Planning? 

Graduates of the financial planning master’s program are able to pursue careers in settings such as:

• Bank Trust Officer
• Broker-Dealer
• Claims Coordinator
• Client Service Associate
• Financial Advisor                 
• Private Wealth Analyst
• Private Banker
• Retirement Plan Administrator
• Trading Assistant
• Wealth Advisor

Others, seeking a more entrepreneurial route, could choose to establish their own finance-related practice or business. 

Accreditations

The University of Georgia is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) to award baccalaureate, master’s, specialist, and doctoral degrees. The University of Georgia also may offer credentials such as certificates and diplomas at approved degree levels. Questions about the accreditation of the University of Georgia may be directed in writing to the Southern Association of Colleges and Schools Commission on Colleges at 1866 Southern Lane, Decatur, GA 30033-4097, by calling (404) 679-4500, or by using information available on SACSCOC’s website ( www.sacscoc.org ).

College of Family and Consumer Sciences  is accredited by The American Association of Family and Consumer Sciences ( AAFCS ).

Credit and Transfer

Total Hours Required to Earn Degree:  30 (credit hours)

Maximum Hours Transferable into Program:  6

Courses to be transferred onto a graduate student transcript must meet the following requirements: taken in a relevant field at an accredited institution, falls within the 6-year course time limit, received a grade of B or better, and not used to fulfill requirements for another degree.

Master’s In Financial Planning Admission Requirements

GRE or GMAT is optional

Students applying to The University of Georgia must be accepted by the  Graduate School . All persons holding a bachelor’s degree from an accredited institution are eligible to apply for admission.

Application Checklist

• Application  – Submit the  Graduate School Admissions  online.  Application fee: $75 Domestic/$100 International (waived for US veterans).
• Select Campus  – Online
• Select Intended Program  – MS, Financial Planning, Housing, and Consumer Economics(Finan Plan Hous and Cons Econ)Non -Thesis[MS_FHCE_NT_O]
• Select Area of Emphasis  – Financial Planning 
• Résumé or curriculum vita  – Upload to the Graduate School application.
• Statement of Purpose  – Use the  Statement of Purpose  template for the Financial Planning, Housing, and Consumer Sciences department and upload it to the Graduate School Admissions application.
• Transcripts  – Upload unofficial transcripts from all institutions attended to the Graduate School application. Send official transcripts after you are offered admission.
• Letters of Recommendation  – Submit two letters of recommendation online to graduate school. Letters should be from individuals who can evaluate the applicant’s scholarly ability and potential for success in a graduate program. The application will prompt your recommenders to submit their letters electronically.

Domestic Applicants

• Fall:  July 1
• Spring:  November 15

International Applicants

• Fall:  April 15
• Spring:  October 15

International Applicants – must submit TOEFL or IELTS scores.

Course registration deadlines vary per semester. The UGA  Office of the Registrar website  provides up-to-date information on registration dates.

Tuition & Fees

Tuition rates and student fees can change each year. 

Based on 2022 credit hour cost, a person completing this program at the recommended pace would have paid  $19,499 in tuition .  

Please use the  Estimated Cost Calculator  on the  Bursar’s Office website  to calculate one academic (Fall/Spring) year’s current tuition. 

This program is an E-Rate program, so choose “yes” for the E-Rate line item within the calculator.

Online students pay the following fees: Connect UGA, Green, and Technology. The total for those  fees in the fall semester of 2022 was $147  for students enrolled in exclusively online courses. 

Potential additional costs include textbooks, exam proctoring fees, and technology upgrades. 

The complete cost of attendance can be found at  https://osfa.uga.edu/costs/ .

Financial Aid

Visit the  Office of Student Financial Aid  for information about financial assistance.

Corporate Assistance

Consult your employer about the availability of tuition reimbursement or tuition assistance programs.

Military Assistance

Active duty military, veterans, and military families should visit  Veterans Educational Benefits  to take full advantage of available financial assistance and educational benefits.

University System of Georgia Tuition Assistance Program (TAP)

The purpose of TAP is to foster the professional growth and development of eligible employees. For more information, see  Tuition Assistance  (refer to the Distance Learning section). 

Technology Requirements

• Computer with current operating system (Windows, Mac, or Linux). Additional peripherals such as webcam, headphones, and microphone are required.
• High-speed internet access.

This fully online M.S. degree program operates on a cohort model. Completion requires 31 credit hours and consists of 10 classes offered in 8-week blocks over two years and 1 Graduate First Seminar. Courses are developed and taught by experienced UGA faculty with advanced degrees and recognized industry credentials.

Master’s In Financial Planning Courses

Second year.

**The Capstone Course is a CFP® Board-required course integrating previously mastered concepts through case studies.

NOTE: Only students enrolled in the online degree program are eligible to register for online Master of Financial Planning courses. Exceptions may be granted with special approval by the instructor, the Director of the online program, the Graduate Coordinator, and the Department Head. For full course descriptions, browse our  online courses.

Ron Sages, Ph.D, AEP®, CFP®, CTFA, EA Instructor

Sam Cupples, Ph.D. Instructor

Mary Carlson, Ph.D., CFP®, AFC® Instructor

John Grable, Ph.D., CFP® Athletic Endowed Professor

Swarnankur (Swarn) Chatterjee Professor

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Net Worth and Agreement on Spending May Influence if Couples Combine Finances

If you are like Dr. John Grable, an endowed professor in UGA’s College of Family and Consumer Sciences and UGA Online professor, your background may lead you to think that all cohabitating couples combine their finances. Grable’s research demonstrates that it is not so. Research from the…

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The pandemic has been a time of reflection. If you’re content with your job, but not your salary, you may be missing out by not asking for a raise. Kenneth White, an associate professor in the Master of Science in Financial Planning in UGA’s…

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“The professors provided enough time to get the assignments completed and I was able to schedule out my weeks ahead of time in order to get it all done! I feel like I learned a lot in the program, but you do have to be disciplined to make time each day or week to get the work done.” Rebecca Wilton , ’19

“The course work from the program catapulted my recovery and I am at a place my doctors never thought I would be able to achieve. This program returned me to the life I had. Dr. Carlson changed my life in a way she probably never even could consider was possible. Without her, my life would be much different. I was living a much different life post-brain hemorrhage than I am today. Without her, I wouldn’t have stayed in the program. Without staying in this program, I would not be where I am today. I cannot thank her enough for her caring and getting behind me when I needed help.” Tom Schorn , ’20

“I chose this program because UGA is the top-ranking University that offers graduate-level studies in financial planning, it is nationally recognized, and because the online study setting fits perfectly into my lifestyle.” Andrejs Pilajevs , ’21

“Personal finance is one of those fields where the application of the material is critical. The online program allows me the flexibility to maintain my professional career and do school. I can easily structure my calendar to incorporate school around work. I learned so much about the way clients behave and how their life experiences impact their finances, which is relevant for real-world experiences.” Da-zha Jones , ’20

“Actually, my boss was the one who suggested UGA. I already work as a financial planner and a financial advisor now, and I got my undergrad degree in finance. My favorite part [about the degree program] so far has been furthering my knowledge in the area, and I can definitely tell through my job that it has helped me with clients and the different financial questions they have.” Hattie Hutson , ’17

“Being a financial advisor, I handle a lot of clients, so I need that flexibility to be able to do the work at my pace. I can do my work on Saturday or Sunday or even at 12 o’clock at night. It gives students the flexibility to do it at your own time instead of having to be in a classroom at a set time.” Joel Theis , ’17

Contact us using the request for information form or call 706-452-7946 .

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• MS in Financial Planning

Master’s (MS) in Financial Planning

100% online, on-site, and hybrid study options.

The field of financial planning is growing exponentially, and as a result, the demand for financial planners who assist individuals in planning for their financial future, has greatly increased. This NEW 30-credit financial planning degree, offered by the NYU SPS Division of Programs in Business , is certified by the Financial Planner (CFP®) Board of Standards and prepares students for financial planning jobs in private practice, as well as in settings such as banks, investment firms, and wealth management firms. As large numbers of financial planners retire, a financial advisor career will become a path that can provide a competitive salary as well as great satisfaction in helping others. In fact, US News and World Report ranks financial planning among the best business jobs and best-paying jobs (12/2020). The MS in Financial Planning offers all of the benefits, resources, and prestige of earning your degree at NYU , while building financial planning and analysis skills that prepare you for a lucrative career.

Degree Advantage

• 100% online, on-site, and hybrid degree options available
• Can be completed in three semesters (Fall, Spring, Fall or Spring, Fall, Spring) of full time study
• Flexible full- or part-time study options
• Degree core curriculum that prepares you for financial planning jobs in a variety of settings
• Degree concentrations in Behavioral Finance and in  Financial Analytics
• Exposes you to financial planning and analysis, as well as real-world case studies
• Capstone course that integrates each of the major aspects of financial planning

VIEW FULL CURRICULUM AND DEGREE REQUIREMENTS >

Explore graduate opportunities at nyu sps.

Join an upcoming online session to learn more about our graduate degree programs including the MS in Financial Planning. As an attendee of an Explore Graduate Opportunities at NYU SPS session, you will meet members of our team and have the opportunity to ask questions about the program and application process.

6:00 PM until 7:30 PM EDT  

Who Should Consider Earning the Master’s in Financial Planning?

Earning the MS in Financial Planning is beneficial for both early career professionals and mid-career professionals, who will be prepared with strong analytical skills to enter the industry. Those who have studied finance, economics, accounting, law, and business, and who enjoy working with people would do well in a career that involves personal financial planning. While some financial planners are able to learn skills on the job, the US Bureau of Labor Statistics indicates that a master’s degree can improve a personal financial advisor’s chances of moving into a management position and attracting new clients.

Message from the Faculty Leader

The MS in Financial Planning program meets the requirements to sit for the Certified Financial Planner (CFP®) Exam and provides an opportunity to develop the skills and knowledge necessary to become a financial professional. The program consists of the core CFP® curriculum and offers two concentrations, one in Financial Analytics and the other in Behavioral Finance .

Featured Faculty

Sahil vakil.

Finance and Taxation

Colin M Slabach

Matthew g ricks.

Personal financial advisors (financial planners) typically need a bachelor’s degree. A master’s degree and certification can improve one’s chances for advancement in the occupation. US Bureau of Labor Statistics

Gain Skills to Work in Corporate Settings and Private Practice

Not sure whether you would like to work for a company/ organization or start your own financial planning practice? This degree prepares you for both options. Gain the skills to work as part of a larger team as well as the knowledge and business acumen to pursue a career that provides you with the opportunity to make your own hours and choose the clients whom you would like to serve.

Explore Degree Concentrations That Provide the Professional Advantage

Meticulously researched to ensure relevancy in the evolving, data-driven financial landscape, the MS in Financial Planning provides concentrations in the areas of Behavioral Finance and Financial Analytics that will set you apart by building skills and knowledge in emerging areas of the field. You’ll be prepared to understand the psychological and emotional factors that drive financial decision-making and have the option to delve deep into the financial analysis that affords a look at key trends.

Learn From Financial Planning Experts

Those teaching in the MS in Financial Planning are industry experts, with years of experience in the field. They impart the knowledge you need now in the form of immediately applicable skills, which you can use on the job. In addition, they provide the underlying guidelines for becoming a well-rounded, effective, and ethical financial planner—information and advice that will serve you during the entire span of your career.

Career and Job Opportunities

As a student enrolled in the MS in Financial Planning , you will receive expert career advice from faculty members in the program, and the award-winning NYU Wasserman Center for Career Development at NYU SPS . You’ll also have the opportunity to join a cohort of students from a wide variety of cultural and professional backgrounds, which allows for enriched classroom discussion and networking opportunities.

FREQUENTLY ASKED QUESTIONS

Is there a certification associated with the m.s. in financial planning.

The program is certified by the Financial Planner (CFP®) Board of Standards. The CFP Board is a non-profit organization acting in the public interest by fostering professional standards in personal financial planning through its setting and enforcement of the education, examination, experience, ethics, and other requirements for CFP® certification. The CFP® certification is generally recognized as the highest standard in personal financial planning, qualifying financial planning professionals to provide clients with comprehensive financial advice. Students will be eligible to take the CERTIFIED FINANCIAL PLANNERTM certification examination upon completion of their coursework. The Certified Financial Planner™ certification is a well-known, internationally recognized certification in the financial planning industry. The certification implies that the holder has met rigorous requirements and immediately conveys expertise and credibility in the field.

What is financial planning?

Financial planning is the comprehensive process of helping individuals and families meet their lifetime financial goals through the proper management of their financial resources. Currently financial planning is growing at a rate faster than many other industries. An increased number of financial planners will be necessary to meet the growing demand for future jobs in the industry, which is ranked 23rd by market size and is the 179th largest in the United States.

What does a financial planner actually do?

Financial planning professionals are trained and hired by clients to gather the necessary information to assess the clients’ financial situation, identify their financial goals and objectives, develop recommendations, communicate and implement those recommendations, and provide a written plan for continuous monitoring. Studies show that individuals who use the services of a comprehensive financial planner tend to do better financially.

Why pursue a career in financial planning?

The industry is faced with an aging workforce since 56% of financial planners are over the age of 50. Opportunities for individuals who want to build a lucrative and promising career in the industry have never been greater. According to the Bureau of Labor Statistics (BLS), the median annual salary for a financial advisor in 2018 was $88,980 nationally, and in New York the average annual salary was $164,260.

Why earn an MS in Financial Planning at NYU SPS?

The Master of Science in Financial Planning is housed within the School of Professional Studies (SPS) at NYU. SPS has a long history of training students in applied disciplines where the emphasis is on providing them with the knowledge, hands-on experience, and the development of job skills pertinent to the industry, thus graduating the kind of students that employers seek to recruit.

What financial planning courses are available through this degree?

Financial planning students can be expected to take courses in financial planning and risk management, investments and wealth management, income tax strategies, retirement planning strategies, estate planning, research applications, and a comprehensive capstone course, which combine all the areas of financial planning. In addition, students will be able to choose an area of concentration. Students that want to work directly with clients can take courses in behavioral finance while those who wish to work in a more data-driven financial planning role can take courses in financial analytics. Students may be able to secure internship opportunities for practical experience.

What types of financial planning jobs are available?

One of the best things about a career in financial planning is the flexibility it offers. Many financial planners become entrepreneurs and establish their own practices; this affords the planners the most flexibility and control over their careers. Many others decide to work for a financial planning firm with direct interaction with clients or in a research or analytics capacity. Yet some others may wish to work for large financial service organizations or banks.

Is a career in financial planning rewarding?

Financial planning has a direct impact on people’s lives by transforming their financial health. It is about helping individuals and families achieve financial well-being and helping people to get out of debt, send their children to college, or retire comfortably. A career as a financial advisor was rated number nine by US News and World Report in their Best Business Jobs survey. The survey also ranked the career as a financial advisor 44th on their list of the top 100 best jobs.

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Personal financial planning

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Graduate certificate

You know that personal financial planning plays a fundamental role in the well-being of individuals and families everywhere. Yet, it is increasingly difficult for everyday people to navigate our complex economy. You want to help. That means you need to become a certified expert.

The 100% online graduate certificate program in personal financial planning at the University of Missouri (Mizzou) provides a rare opportunity to prepare for the rigorous CERTIFIED FINANCIAL PLANNER™ examination at an accredited university on a flexible schedule that works for you. As a CFP® professional, you will have the gold standard designation for expertise in helping individuals and families chart their financial future.

Mizzou’s graduate certificate program was designed for ambitious financial professionals like you. It allows you to pursue the valuable CFP® certification while continuing to work full time. Take courses with industry-leading researchers and professionals. Unlike many CFP® certification courses, Mizzou’s online program is accredited by the Higher Learning Commission, which means you can apply your course credits toward a master's degree later if you choose.

You’ll join a network of like-minded professionals and scholars whose interests and goals align with your own and develop the skills you need to help individuals plan for everything from their first home purchase to retirement and beyond. In a final project, you’ll gain hands-on experience with a financial planning case study.

Upon completion, you can sit for the CFP® examination with confidence, aware that your hard-earned certification and university credentials will be a testament to your skill as an advisor. As a CERTIFIED FINANCIAL PLANNER™ professional, you’ll offer people the relief of knowing they have an expert on their side, regardless of what the future holds.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark and the CERTIFIED FINANCIAL PLANNER™ certification mark in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Quick facts

Official name, program type, academic home, delivery mode, accreditation, credit hours, estimated cost.

*This cost is for illustrative purposes only. Your hours and costs will differ, depending on your transfer hours, your course choices and your academic progress. See more about tuition and financial aid .

Career prospects

Potential careers.

Students in this program gain skills that prepare them to meet the increasing demand for CFP® professionals. Job titles for certificate holders include:

• Financial analyst
• Personal financial advisor
• Loan officer
• Social and community service manager

Program structure

Delivery is 100% online. Courses are semester-based. Students taking two classes per semester for three semesters can finish in one year.

Course work includes

• Employee benefits
• Estate planning
• Investment planning
• Retirement planning
• Risk management
• Tax planning

Calendar system

Typical program length, typical course load.

The University of Missouri is accredited by the Higher Learning Commission , one of six regional institutional accreditors in the United States.

Faculty spotlight

Dr. Yao’s research interests focus on individual and family financial decision-making and well-being. Specific topics include retirement, saving and investment behavior and motives, risk tolerance, debt management, and consumption patterns. She received the best paper award from the CFP®  Board, AARP, American Council on Consumer Interests, and American Association of Family & Consumer Sciences. Dr. Yao serves as an associate editor, an editorial board member and as a reviewer for a number of academic journals and conferences.

Dr. Ivey has more than 20 years of experience in college teaching at the University of Missouri, Spalding University and Oklahoma State University. She has taught courses in insurance, investments, taxes, personal finance, management and leadership while also providing academic and career advising to students. Her professional background includes experience in banking, insurance and employee benefit management.

Dr. Rabbani teaches the personal financial planning curriculum in employee benefits and retirement planning, as well as risk management and insurance. His research is focused primarily on financial risk tolerance, financial knowledge and financial wellness. He is the lead investigator on the Investment Risk Tolerance Assessment program and a partner administrator of the 2020 Study on Collegiate Financial Wellness (SCFW).

Tobias M. Mendelson teaches retirement planning, estate planning, income tax planning, multi-jurisdictional tax and tax research. Mendelson was previously a clinical assistant professor of accounting and business law, teaching and developing curricula for tax and business law courses. He began his academic career in 2011 as a part-time assistant professor while working as a senior advanced markets director for MetLife’s Premier Client Group and Mass Mutual. He also worked in the same capacity at New York Life and Canada Life Assurance Company. As an advanced markets attorney, he was a subject matter expert on taxation, estate and gift tax planning, charitable gift planning, retirement (qualified and non-qualified) planning and more. He has been a member of the Florida Bar for nearly 40 years and is an active member of the American Bar Association serving as an exam reviewer and judge for the Law Student Division National Appellate Advocacy and Negotiation competitions.

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• MSBA Career Outcomes

Financial Considerations for an Online MBA: Understanding Tuition, Financial Aid and ROI

An online MBA can open the door to greater career opportunities, including better pay and leadership roles. It can also help you expand your professional network, allowing you to meet people from different industries and backgrounds, which can broaden your perspective.

However, obtaining an online MBA isn’t for everyone. Before committing to a program, it’s essential to understand the time and financial investment required. That way, you can determine whether it’s the right decision for you.

In this post, we will discuss the financial considerations you should make when looking at online MBA programs.

Understanding Online MBA Tuition Fees

So what’s the cost of an online MBA? The answer: It varies. The average online MBA costs $56,850, but some programs run over $100,000. 1 Factors that impact tuition rates include your enrollment status, the program type and whether you attend a private college or public institution. 2

Most MBAs offer part- and full-time options. Many universities offer accelerated programs, allowing you to receive an MBA with fewer credits. 2 Students who opt for an online MBA can save money on boarding expenses and facility fees and some universities eliminate the extra fees that are typically charged for out-of-state students. 2

Private universities generally charge higher tuition rates than public institutions, especially the top-ranked business schools. 2

Exploring Financial Aid Options for Online MBA Students

Many students can’t afford to pay for an online MBA out of pocket. Fortunately, there are various ways to offset your costs through federal and private student loans for MBAs, scholarships, grants and fellowships.

Graduate students can apply for federal loans via the Free Application for Federal Student Aid (FAFSA) each academic year. If eligible, you can receive up to $20,500 annually to help cover the costs of an online MBA. 3 Many private lenders, including Sallie Mae, SoFi and Ascent, also offer loans to graduate students. 4 However, to qualify, you’ll need to meet the lender’s eligibility requirements, including a minimum credit score. 4

You can explore scholarship, grant and fellowship opportunities through your university’s MBA financial aid office. Most universities maintain a list of scholarships and grants that students can apply for.

Some employers offer tuition assistance for employees seeking to advance their education. Check with your employer’s HR department to see if your company provides funding for an online MBA. Check out this helpful Tuition Reimbursement Guide for tips on requesting tuition assistance from your employer.

Assessing the ROI of an Online MBA

Earning an online MBA is no easy feat. Aside from its cost, you can plan on spending much of your free time attending virtual lectures, studying for exams, and participating in group projects. If you continue working full-time, you may have little room for friends and family in your schedule.

The length of your MBA program can vary, but most range from one to three years. That’s quite a lot of time spent hitting the books, so it’s essential to make sure you’re comfortable investing your time and energy toward your degree. However, keep in mind that the payoff from an MBA can be substantial.

Calculating the ROI: Monetary and Non-Monetary Benefits of Online MBA Programs

Many online MBA students enroll in the program to improve their future employment opportunities. An MBA can set you apart from other job applicants, showing potential employers you’ve gone the extra mile to solidify your skills and expand your business knowledge.

At William & Mary, about 80% of students receive a promotion during or after graduating from our Online MBA program. 5 Plus, the average salary for our graduates is $135,686, which is 18% higher than that of graduates of other MBA programs. 5

Besides the monetary benefits of an online MBA, there are non-monetary ones to consider. Meeting other professionals embarking on their career journeys and becoming part of an extensive alumni network can benefit you in all areas of your life. Plus, if it has been a while since you obtained your bachelor’s degree, advancing your education can introduce you to new skills and technology that you may be unfamiliar with. The new skills you learn can make you more competitive in the job market.

To determine your online MBA’s value, consider all the positives of advancing your education, including the monetary and non-monetary benefits. If your online MBA’s ROI exceeds its costs, it’s worth pursuing.

Budgeting and Financial Planning for Online MBA Students

Financing an MBA requires a solid financial budget during the program and after graduation.

Developing a Realistic Budget

Many online MBA programs allow you to take courses on your own schedule—including the evenings and the weekends. The flexible scheduling allows you to keep a full- or part-time job, which can help support you while you’re working toward your degree.

However, during the program, you may incur extra expenses beyond your regular living costs. Some examples of extra expenses include textbooks, travel to on-site courses or MBA community gatherings and childcare.

Planning for Post-Graduation Financial Responsibilities

If you plan on taking out federal or private student loans to pay for your online MBA, you’ll typically start repaying them once you graduate. Your monthly payment will vary depending on the amount you borrow, your interest rate, and the repayment time frame. Ensure you understand your repayment obligations and factor them into your budget upon graduation. That way, there are no surprises once your loans come due.

Forge Your Own Success Story With William & Mary’s Online MBA Program

While everyone’s MBA journey is different, sometimes learning about others’ experiences can help prospective students see the benefits of pursuing advanced education.

At William & Mary, many of our students go on to work for distinguished companies, including Microsoft, Discover, Chase and Apple. Some earn impressive titles, including CEO, president, senior director and program manager. Online MBA graduate Cherise Newsome, who was honored as a Virginia Pilot “Top Forty Under 40” honoree in 2021, was promoted during here time in the program. “Because I was earning my MBA and learning skills that a vice president would need to be able to work effectively across the organization, I got promoted to Vice President for Communications,” she said.

William & Mary’s Online MBA program prepares you to lead in today’s challenging, rapidly changing business environment. No matter what the hot job or industry of the moment is for MBA graduates, you will be ready with the leadership skills to tackle any business challenges. The online curriculum will sharpen your design thinking and problem-solving skills so that you can successfully apply them in fast-paced business environments. Through our innovative learning platform, you can engage with a support network of world-class faculty and peers and expand your network to include accomplished colleagues online and around the world.

To learn more about William & Mary’s Online MBA program, schedule a call an admissions outreach advisor today.

• Retrieved on May 6, 2024, from forbes.com/advisor/education/business-and-marketing/mba-cost/
• Retrieved on May 6, 2024, from bankrate.com/loans/student-loans/mba-cost/#factors
• Retrieved on May 6, 2024, from fsapartners.ed.gov/knowledge-center/fsa-handbook/2023-2024/vol8/ch4-annual-and-aggregate-loan-limits
• Retrieved on May 6, 2024, from nerdwallet.com/best/loans/student-loans/private-student-loans
• Based on a limited sample of self-reported data from alumni of W&M’s Online MBA program from graduating cohorts between 2019 and 2022

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