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phd in finance boston college

Ph.D. in Finance

Boston College

Carroll School of Management

Fields of Interests

Entrepreneurial Finance, Banking, FinTech, and Household Finance

[email protected]

Google Scholar

Xiang Li is a PhD candidate at the Carroll School of Management at Boston College. Xiang’s research focuses on the potential benefits of finance for households. Specifically, he examines the impact of market competition and disclosure on diversity and inclusion from various perspectives, including entrepreneurship and consumer lending markets such as mortgage lending. Xiang's work has been recognized and presented at numerous conferences, including those hosted by leading professional associations in economics and finance (AEA, AFA, SFS Cavalcade, FIRS, EuropeanFA, and CEPR), regulatory agencies (Bank of Canada, Bank of England, Federal Reserve Board, European Central Bank, Bank of Spain, FDIC, Federal Reserve Bank of St. Louis, CFPB, the Conference of State Bank Supervisors, and the Census), and top universities (LBS, Yale, Wharton, HEC-Paris, UNC, and USC).

Please email me if you are interested in research assistant opportunities.

phd in finance boston college

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phd in finance boston college

  • Business Administration PhD

Collaborate, exchange ideas, and grow with an engagement-based PhD.

Are you the right fit for the Business Administration PhD at UMass Boston? The program’s distinguishing feature is the collegial spirit and noncompetitive nature of the community, where students collaborate on projects and assist each other and participate in joint research with faculty. Our informal atmosphere and open-door policy encourage students to engage in conversation with faculty or continue seminar discussions with distinguished visitors beyond the allotted class time and space.

To prepare for the academic path, students participate in a teaching seminar and practicum in their second year and then are offered opportunities to teach a variety of undergraduate courses. Career development workshops are also offered, and focus on topics such as writing research grants, the interviewing process, and delivering a successful research talk. Three distinct tracks of this program are available to suit the differing needs of PhD candidates: Organizations and Social Change (OSC) , Finance , and Information Systems for Data Science and Management .

Career Possibilities

Work for a prestigious business school as a professor or researcher. Become a consultant for a government agency whose work speaks to you. Or, use your entrepreneurial spirit and know-how to launch your own successful business. These are just a few of the possibilities a Business Administration PhD offers.

Become a(n):

  • Data Analyst
  • Business Consultant

Start Your Application

Finance Track

UMass Boston's Business Administration PhD - Finance track is a full-time, in-residence program lasting 4 to 5 years. The program prepares students to be academic researchers, tenure-track professors, or for careers in government organizations and the private sector.

The finance track provides a unique curriculum. It’s taught by both accounting and finance faculty and demands competency tests in both subject areas. Additionally, the curriculum has been updated to include state-of-the-art classes in data science (natural language processing, machine learning, and textual analysis). This new emphasis on data science provides students the tools needed to differentiate their research in a very competitive area. Learn more about students' job placements .

Students accepted into the program generally qualify for a stipend ($31,000 per year for four years, subject to satisfactory academic progress) and full tuition credits. Students may also apply for grants for conference participation. Travel grants annually fund academic conference presentations. Additionally, teaching opportunities and summer internships at financial institutions are encouraged to complement the stipend.

Small class sizes (4-6 students) allow closer interaction with faculty publishing in top-ranked journals to develop research niches. We organized international conferences to signal that competence ( Corporate Social Responsibility in 2019, 2021, and 2023 ). Mindful of the teaching career – a course on teaching skills is also part of the required curriculum. Recognizing the diverse insights other disciplines may bring, students can attend classes from two additional tracks of our PhD Business Administration program – the Organizations & Social Change and Information Systems for Data Science track. Competency tests in Accounting are also part of the required curriculum.

Who Should Apply

The finance program track is designed for students who are interested in pursuing a full-time doctoral program specializing in areas such as:

  • corporate finance (e.g., corporate governance and control, executive compensation, capital structure, payout policy, raising capital, and corporate social responsibility)
  • investments and asset pricing (e.g., asset management and portfolio analysis, market microstructure, stock-price modeling, fixed-income market, derivative markets, financial systems in emerging markets)
  • accounting (e.g., financial reporting, accounting anomalies, managerial accounting)

The program is designed to give students a solid foundation in finance, economics, accounting, and econometrics in the first year through coursework. The intensity of the coursework takes into consideration that applicants come from multiple disciplines. To proceed, students take a qualifying exam in the summer of their first year. The second year is dedicated solely to seminar courses, with some covering investments, asset pricing, corporate finance, and accounting. Courses are designed to prepare students for taking on instructor duties in their third year.

View the Finance Track curriculum.

Our faculty has published in the most prestigious journals in finance and accounting. Recent publications include articles listed in the FT-50 list of the highest-ranked journals in business, including in Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Management Science, Journal of Accounting Research, Accounting Review, Journal of Business Ethics, and Journal of International Business Studies.

Learn more about the Accounting & Finance faculty.

Information Systems for Data Science & Management Track

Data analytics has become a critical need in industries ranging from health care and financial services to marketing and government. Leveraging the strengths of the College of Management's faculty, the University of Massachusetts Boston is offering a cutting-edge and flexible doctoral program in this field.

Positioned at the intersection of technology, business, and strategy, UMass Boston's Business Administration PhD - Information Systems for Data Science and Management track allows students to have a holistic view of data science and its role in the competition. Students will get exposed to various state-of-art research streams in information systems and data science, with a relative focus on data analytical techniques from a design science perspective and the application and management of data analytics in business settings from an organizational perspective. The program offers students the flexibility to investigate other topics they find interesting in data science and technology fields.

All students with master's degrees who are interested in information technology and data analytics are welcome to apply. Students with degrees in quantitative fields such as statistics, economics, math, computer science, management sciences, information systems, and other related disciplines are particularly encouraged to apply. A master's degree in these related fields is a plus, although not required. Previous full-time working experiences in related positions are also a plus.

Rapid increases in the amount of published data results in a data deluge that imposes significant challenges in data analytics. By offering a carefully tailored combination of courses in information technology, applied statistics, and business analytics, our PhD program provides rigorous and in-depth courses of study with emphasis on various research methodologies, tools for data analytics, and relevant academic skill sets involving research design, literature review, theoretical development, empirical validation, and academic writing. Our program also provides students with extensive knowledge in the various emerging research areas in information systems (IS) field through IS research seminars and research collaboration opportunities with faculty members.

Academic advisors will help students configure a program of study which includes a rigorous sequence of courses in a variety of research methodologies, theories, and topics. Students will develop theoretical and methodological competencies in a variety of topics in the field of information systems and data science. Students will develop teaching competences through the teaching seminar, GA assignments to support a professor, and independently deliver courses. In addition to course work, students will actively engage in research with faculty members.

View the Information Systems for Data Science and Management curriculum.

Faculty Research

More than a dozen dedicated faculty members are devoted to student learning, with additional faculty serving in supporting roles. They are leaders in their fields who regularly publish scholarly articles in top academic journals. The program involves close, apprentice-like working relationships with faculty members, and students are introduced early to the world of conferences and publishing. Doctoral students are paired with faculty advisors based on their area of interest. This intense mentorship program allows students to learn the crafts of research and teaching in a highly collaborative environment. A sampling of faculty projects includes:

  • cybersecurity analytics for massive communication graphs
  • home health care management for dually diagnosed Individuals with mental and physical health problems
  • characterizing managers' decision making patterns under uncertain and competitive environment
  • business intelligence as an IT-enabled agile and competitive business platform
  • social media, big data, and Innovation: an investigation of the software industry in India
  • strategic use of cloud computing and data assets for sustainable competitive advantage
  • decision modeling applications to areas such as technology development, policy, resource management
  • abysmal behavior in online social networks
  • the role of health IT in hospital acquisitions
  • social influence on Bayesian learning process in post-adoption stage

Learn more about faculty and their research.

There are two main career opportunities for the individuals graduated from this program. They can pursue a career in academia as a faculty member or join an organization as a data scientist. In the first case, they can educate other data scientists and conduct state of the art research to be published in peer-reviewed journals.

For the second, students can become data scientists who use the acquired knowledge to excel the effectiveness of data collection and analytics in their organization and improve its competitiveness in today’s economy.

Organizations and Social Change Track

UMass Boston's Business Administration PhD - Organizations and Social Change (OSC) program has gained a strong international reputation for its distinctive focus on issues at the intersection of business and society and its explicit commitment to diverse perspectives, theories, and methodologies. The program examines how business and organizations structure societies, economies, and our identities, sometimes in harmful ways, but also how business and organizations can be engines for positive change.

This full-time, on-campus program is led by a high-quality faculty who are committed to supportive supervision and mentoring of students. Students are eligible for four years of financial support and enjoy opportunities to collaborate with faculty on research projects. Graduates of the program, which is primarily designed to train students for academic careers, have secured positions in well-known universities, while others have pursued successful careers in consulting and nonprofits.

The program is part of the AACSB-accredited College of Management at UMass Boston. The university is guided by a mission of social justice and community involvement. It is an extraordinary place to learn about the relevance of business and organizations in addressing societal issues.

The Organizations and Social Change program track is designed for students who are interested in pursuing a full-time doctoral program specializing in areas such as:

  • social responsibility and sustainability
  • social entrepreneurship
  • sustainable economic development
  • stakeholder engagement in corporate governance
  • contemporary human resource management, such as diversity and contingent labor
  • cultural and economic impacts of globalization
  • transnational identities of consumers and employees
  • gender equality and organizations
  • multi-sector partnerships for poverty alleviation and development

Prospective students with prior degrees in management, sociology, economics, political science, or other relevant areas are encouraged to apply. Most successful applicants have a master’s degree. Prior research experience (e.g., data analysis, literature reviews, academic writing) is highly recommended. Students accepted into the program are offered full tuition credits and a $31,000 stipend to help defray living costs for up to four years. Travel grants annually fund academic conference presentations.

View the Organizations and Social Change Track curriculum.

Doctoral students are paired with faculty advisors based on their area of interest. This intense mentorship program allows students to learn the crafts of research and teaching in a highly collaborative environment. Students are introduced early to academic research and publishing. Current and former PhD students of the OSC track regularly publish in highly regarded journals, typically together with faculty, and have been involved in impactful community projects and action-oriented research.

Faculty of the OSC track possess international reputations in their fields and are actively engaged in academic and practice-oriented research, and publishing in highly regarded outlets on inequality, sustainability, social entrepreneurship, and diversity. Their expertise in organizations and social change brings them into close contact with business, entrepreneurs, government agencies, and nonprofits.

This year, Professor Maureen Scully was awarded the highly prestigious Joanne Martin Trailblazer Award from the Organization and Management Theory Division of the Academy of Management (2020). She also won the Donald Shephard Endowed Award for Research, College of Management, UMass Boston (2020).

Students in the OSC track will be positioned to pursue academic careers at universities and research institutions. Program graduates have successfully published in highly regarded academic journals and found excellent academic positions at institutions in North America and Europe.

The OSC PhD degree has qualified students for faculty positions in various departments, including entrepreneurship, strategy, management, and public affairs. They teach courses in organization theory, strategy, business and society, sustainability, business ethics, and international business. Several graduates have taken leadership positions in nonprofit organizations, research centers, and consulting.

Plan Your Education

How to apply.

Applicants need to submit a current résumé or CV, a statement of purpose, a writing sample, three letters of recommendation, official transcripts of all prior academic work, official GMAT or GRE scores, and, if appropriate, an official TOEFL or IELTS score. Provide these materials directly to the Graduate Admissions Office.

Writing Sample:

Please submit with your application one or two selected samples of prior academic writings. Such writings could include course papers from your master’s program, research papers, conference papers, or other types of manuscripts. Length is not important, but these typically range between 2,000 and 10,000 words. Please select papers written by you (solo-authored) that best showcase your ability to tackle a relevant research topic by using or developing analytical frameworks or theories, referencing other people’s work, and using empirical evidence (if applicable).

Information Systems for Data Science and Management Track (ISDS)

  • Statement of purpose
  • At least one writing sample
  • Three (3) letters of recommendation
  • A minimum, cumulative GPA of 2.75 on a 4.0 scale (or international equivalent) in all undergraduate work

Organizations and Social Change (OSC) Track

Applicants need to submit a current résumé or CV, a statement of purpose, three letters of recommendation, official transcripts of all prior academic work, a writing sample, official GMAT or GRE scores, and, if appropriate an official TOEFL or IELTS score.

Statement of Purpose: With your application, please submit a statement of purpose, including a mini-research proposal on an OSC topic that reflects the goals of the program. Your mini- proposal should be about 5 pages long, and it should include the following elements:

  • Why do you want to study for a PhD in Organizations and Social Change
  • A specific research topic/problem and its significance
  • A compelling research question
  • A review of previous work relevant to the research question, i.e. what we know so far
  • The methods you propose (data collection, analytical techniques) to answer your research question
  • A summary of expected results/outcomes, and their potential significance

Note that you are not committing to a PhD topic at this point; your goal is to demonstrate your current thinking and capabilities in research. The mini-proposal will help us determine some of your potential interests and your aptitude for doing research.

Writing Sample: Please submit with your application one or two selected samples of prior academic writings. Such writings could include course papers from your master’s program, research papers, conference papers, or other types of manuscripts. Length is not important, but these typically range between 2,000 and 10,000 words. Please select papers that are written by you (solo-authored), and which best showcase your ability to tackle a relevant research topic by using or developing analytical frameworks or theories, referencing other people’s work, and using empirical evidence (if applicable).

Deadlines & Cost

Finance: February 15 for Fall 2024

Information Systems for Data Science and Management: We are currently not accepting applications for this track. The next admittance for this track will be for Fall 2025.

Organizations and Social Change (OSC): We are currently not accepting applications for this track. The next admittance for this track will be for Fall 2025.

Application Fee: The nonrefundable application fee is $75. UMass Boston alumni and current students that plan to complete degree requirements prior to graduate enrollment can submit the application without paying the application fee.

Program Cost Information: Please refer to Cost & Aid - Graduate Students for more information. For additional information regarding tuition and fees, please visit the Bursar’s Office or email [email protected] .

Curriculum - Finance Track

Core courses (6 credits).

  • BUSADM 700 - Business in Context: Markets, Technologies, Societies  3 Credit(s)
  • BUSADM 775 - Professional Development Workshop - Doctoral Teaching  3 Credit(s)

Track Courses (30 Credits)

  • BUSADM 710 - Accounting for Finance I 3 Credit(s)
  • BUSADM 711 - Accounting for Finance II 3 Credit(s)
  • BUSADM 721 - Quantitative Financial Analysis II 3 Credit(s)
  • BUSADM 722 - Cross-Section Analysis of Financial Data 3 Credit(s)
  • BUSADM 723 - Time Series Analysis of Financial Data 3 Credit(s)
  • BUSADM 730 - Seminar in Investment & Asset Valuation 3 Credit(s)
  • BUSADM 731 - Seminar in Financial Economics 3 Credit(s)
  • BUSADM 732 - Seminar in Corporate Finance 3 Credit(s)
  • BUSADM 780 - Advanced Data Mining and Predictive Modeling 3 Credit(s)

Electives (9 Credits)

Complete three additional BUSADM courses.

At least one course must be from below.

  • BUSADM 733 - Advanced Topics in Corporate Finance 3 Credit(s)
  • BUSADM 734 - Topics in Investment Asset Pricing 3 Credit(s)
  • BUSADM 736 - Accounting for Finance III 3 Credit(s)
  • BUSADM 782 - Optimization for Data Science 3 Credit(s)

Dissertation Research (12 Credits)

  • BUSADM 777 - Dissertation Seminar - Finance track 3 Credit(s) or
  • BUSADM 899 - Dissertation Research 1-12 Credit(s)

Curriculum - Information Systems for Data Science and Management

  • BUSADM 700 - Business in Context: Markets, Technologies, Societies 3 Credit(s)
  • BUSADM 775 - Professional Development Workshop - Doctoral Teaching 3 Credit(s)

Track Courses (27 Credits)

  • BUSADM 740 - Information Systems Theory I: Behavioral and Group Perspectives 3 Credit(s)
  • BUSADM 741 - Information Systems Theory II: Organizational and Economic Perspectives 3 Credit(s)
  • BUSADM 742 - Regression Analysis 3 Credit(s)
  • BUSADM 743 - Decision and Risk Analysis 3 Credit(s)
  • BUSADM 744 - Quantitative Research Methods in Information Systems 3 Credit(s)
  • BUSADM 745 - Multivariate Statistics 3 Credit(s)
  • BUSADM 785 - Big Data: Management, Analytics, and Applications 3 Credit(s)

Core Electives (9 Credits)

Complete three additional courses chosen with faculty advisor approval.

Curriculum - Organizations and Social Change Track

Track courses (18 credits).

  • BUSADM 750 - Foundations of Organization Theory 3 Credit(s)
  • BUSADM 751 - Contemporary Organization Theory 3 Credit(s)
  • BUSADM 754 - Introduction to Organizations & Social Change 3 Credit(s)
  • BUSADM 770 - Introduction to Research Methods for the Social Sciences 3 Credit(s)
  • BUSADM 771 - Contemporary Research Practice on Management, Organizations, and Social Change 3 Credit(s)
  • BUSADM 891 - Dissertation Proposal Course 3-6 Credit(s)

Electives (18 Credits)

Complete six additional courses chosen with approval of the faculty advisor.

Graduation Criteria

Program requirements - finance track.

Complete a minimum of 57 credits from at least sixteen courses including two core courses, ten track courses, three electives, and twelve credits of dissertation research.

Doctoral candidacy:  Pass qualifying exams at the end of the first and second years. Dissertation: Compose and defend a dissertation based on original research. Project: Complete a summer project.

Statute of limitations: Eight years.

Program Requirements - Information Systems for Data Science and Management Track

Complete a minimum of 54 credits from at least 15 courses including two core courses, nine track courses, three electives, and twelve credits of dissertation research.

Doctoral candidacy: Pass a qualifying exam taken at the end of the second year. Dissertation: Compose and defend a dissertation based on original research. Project: Complete a summer project.

Program Requirements - Organizations and Social Change Track

Complete a minimum of 54 credits from at least 15 courses including two core courses, six track courses, six electives, and twelve credits of dissertation research.

Doctoral candidacy: Pass a qualifying exam by the end of the second year. Dissertation: Compose and defend a dissertation based on original research. Project: Complete a summer project after the first year.

Learning Outcomes

As a candidate in the Business Administration PhD, you will:

  • Develop a strong foundation in the theories and concepts of business administration
  • Acquire advanced research skills to design and conduct original research in the field of business administration
  • Build the ability to analyze complex business problems and develop innovative solutions
  • Develop the capacity to effectively communicate research findings through scholarly writing and presentations

Learning Outcomes: OSC Track

The OSC PhD track will prepare students to pursue academic and research careers and have a broader impact on the world by engaging with the media and organizational practice. Students will learn how to:

  • Apply theoretical frameworks to understand business and organizational practices, as well as their economic, social, cultural, environmental, and political impacts
  • Conduct qualitative and quantitative research and identify problems and solutions
  • Critique policy and articulate recommendations on issues at the interface of business, government, and critical social issues
  • Translate research into more practice-oriented articles, media coverage, and organizational interventions

Graduate Program Director Chi Wan (Finance) Chi.Wan [at] umb.edu

Graduate Program Director Ehsan Elahi (Information Systems for Data Science and Management) Ehsan.Elahi [at] umb.edu (617) 287-7881

Graduate Program Director David Levy (Organizations and Social Change) David.Levy [at] umb.edu (617) 287-7860

Finance Faculty

  • Mehran Azimi, Assistant Professor of Finance
  • Arindam Bandopadhyaya, Professor of Finance, Chair of Accounting and Finance Department
  • Atreya Chakraborty, Professor of Finance, Director of Partnerships and PhD Program
  • Mine Ertugrul, Associate Professor of Finance
  • James L. Grant, Associate Professor of Finance
  • Tyler J. Hull, Assistant Professor of Finance
  • Aditya Kashikar, Assistant Professor of Finance
  • Rui Li, Associate Professor of Financial Economics
  • Lucia Silva-Gao, Associate Professor of Finance
  • Chi Wan, Associate Professor of Finance
  • Yijia (Eddie) Zhao, Associate Professor of Finance

Accounting Faculty

  • Ting Chen, Assistant Professor of Accounting
  • Thomas J. Hogan, Associate Professor of Accounting
  • Robert Kim, Assistant Professor of Accounting
  • Sangwan Kim, Associate Professor of Accounting
  • Jay Junghun Lee, Associate Professor of Accounting
  • KoEun Park, Associate Professor of Accounting
  • Yong-Chul Shin, Associate Professor of Accounting
  • Surjit Tinaikar, Associate Professor of Accounting
  • Kiran Verma, Associate Professor of Accounting
  • Wan-Ting (Alexandra) Wu, Associate Professor of Accounting
  • Xiaolu Xu, Associate Professor of Accounting
  • Kun Yu, Associate Professor of Accounting

OSC Faculty

  • Alessia Contu, Chair, Department of Management; Professor of Management
  • Edward J. Carberry, Associate Professor of Management
  • Silvia Dorado-Banacloche, Associate Professor of Management
  • Samantha E. Erskine, Assistant Professor of Management
  • Pacey C. Foster, Associate Professor of Management
  • Janice Goldman, Senior Lecturer II in Management
  • Mohsin Habib, Associate Professor of Management
  • Marc Lavine, Associate Professor of Management
  • David Levy, Professor of Management
  • Benyamin B. Lichtenstein, Associate Professor of Entrepreneurship and Management
  • J. Keith Motley, Professor of Management
  • Jared M. Poole, Assistant Professor of Management
  • Maureen A. Scully, Professor of Management
  • Vesela Veleva, Senior Lecturer in Management

ISDS Faculty

  • Ramakrishna Ayyagari, Associate Professor of Management Information Systems
  • Pratyush Bharati, Associate Professor of Management Information Systems
  • Roger Blake, Associate Chair, Management Science & Information Systems; Associate Professor of Management Information Systems
  • Kui Du, Assistant Professor of Management Science and Information Systems
  • Ehsan Elahi, Associate Professor of Management Science
  • Davood Golmohammadi, Associate Professor of Management Science
  • Shan Jiang, Assistant Professor of Management Information Systems
  • Jeffrey Keisler, Professor of Management Information Systems
  • Jonathan Kim, Assistant Professor of Management Information Systems
  • Jean-Pierre Kuilboer, Associate Professor of Management Science and Information Systems
  • Daniel Lee, Associate Professor of Management Information Systems
  • Josephine Namayanja, Assistant Professor of Management Information Systems
  • Romilla Syed, Assistant Professor of Management Information Systems
  • Peng Xu, Chair of Management Science and Information Systems; Associate Professor of Management Information Systems
  • Wei Zhang, Assistant Professor of Management Information Systems

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Accounting & Finance Department

Learn more about UMass Boston's Department of Accounting & Finance, our research and our faculty.

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College of Management

Learn more about the faculty, research, and programs that make up our College of Management.

  • Interesting for you
  • My settings

The Ph.D. program in Finance at Boston College is internationally known for a rigorous curriculum that combines theory with applied research and pedagogy.

Boston College Multiple locations Newton , Massachusetts , United States Top 3% worldwide Studyportals University Meta Ranking 3.9 Read 17 reviews

Finance faculty at Boston College are experts in their disciplines and globally acclaimed for their scholarship, research, and mentorship. In our collegial environment, students typically collaborate with one another and with faculty to produce groundbreaking research.

Key Features 

  • The academic program begins with systematic, rigorous training in quantitative methods, economics, and finance. In addition, students complete a major research project, serve as research and teaching assistants, and write a doctoral dissertation.
  • Graduates of the program are leaders in the field of finance who have the knowledge and analytical skills they need to conduct research and teach at the highest level.

Accreditation

Boston College is accredited by the Commission on Institutions of Higher Education (CIHE) of the New England Association of Schools and Colleges (NEASC) and has been accredited by NEASC since 1935. 

Programme Structure

Courses include: 

  • Microeconomic Theory 
  • Investments
  • Macroeconomic Theory 
  • Econometric Methods
  • Research in Corporate Finance

Key information

  • 60 months

Start dates & application deadlines

  • Apply before 2025-01-09 00:00:00

Interested in an IELTS preparation course? Get started here

Disciplines

Academic requirements.

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

Student insurance.

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Home contents and baggage

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Boston College and/or in United States, please visit Student Insurance Portal .

Other requirements

General requirements.

  • In order to be eligible for any graduate program, international applicants are required to hold a college or university degree equivalent to a four-year American bachelor’s degree.
  • All applicants must submit a self-reported transcript with course names translated into English.

Tuition Fee

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

Scholarships Information

Below you will find PhD's scholarship opportunities for Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Read more about eligibility

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The 10 Best PhD Programs in Finance

Lisa Marlin

In essence, finance is the study of economics and the claims on resources. The best PhD programs in finance help you develop professionally so you can make difficult decisions around fund allocation, financial planning, and corporate financial management. This qualification will also equip you for a career in teaching or research at top universities.

Which of the 10 best finance PhDs is best for you?

Read on to learn everything you need to know.

Table of Contents

Why Get a Doctorate in Finance?

According to the Bureau of Labor Statistics (BLS), finance managerial professionals have an average salary of $131,710  per year, and jobs are estimated to grow by 17%  from 2020 to 2030. This is much more than the average across all occupations. With a PhD in finance, you may work as a finance manager or even become a CEO of a large corporation.

Jobs and Salaries for Doctors of Finance

After earning a PhD in finance, you can find well-paid jobs as a professor or in various corporate finance roles.

Here are some of the most common finance professions with the average annual salaries for each:

  • Financial Manager ( $96,255 )
  • Financial Analyst ( $63,295 )
  • Finance Professor ( $73,776 )
  • Chief Financial Officer ( $140,694 )
  • Investment Analyst ( $67,730 )

Read More:   The Highest Paying PhD Programs

What’s the average cost of a phd program in finance.

The tuition for a PhD in finance can vary depending on the university, with public institutions generally being much more affordable than private ones.

Across all schools, the average tuition is around $30,000 per year.

However, on top of this, you need to factor in other expenses, which could add up to another $30,000 a year. Some top universities offer full funding, including tuition and a stipend for all students who are successfully admitted to the program.

Read Next: The Average Cost of a Master’s Degree in Finance

Top finance phd programs and schools, stanford university, graduate school of business.

PhD in Finance

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Stanford University is one of the most prestigious business schools in the world. Its PhD in finance programs has an emphasis on theoretical modeling and empirical testing of financial and economic principles.

  • Courses include: Financial markets, empirical asset pricing, macroeconomics, and financial markets.
  • Duration: 5 years
  • Tuition : Full funding
  • Financial aid: Research & teaching assistantship, grants, outside employment, and outside support.
  • Delivery: On-campus
  • Acceptance rate: 5%
  • Location: Stanford, California

The University of Pennsylvania, The Wharton School

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The University of Pennsylvania’s renowned Wharton School of Business is home to faculty who are well-known in the field of business research. The school boasts a low student-faculty ratio in an atmosphere that allows you to work with faculty members as peers. This doctor of finance program emphasizes subjects like asset pricing, corporate finance, and portfolio management. This helps students become experts in research and teaching in these areas.

  • Courses include: Topics in asset pricing, financial economics, and international finance.
  • Credits: 18 courses
  • Financial aid: Fellowships, grants, student employment, health insurance, stipend, and loans.
  • Acceptance rate: 9%
  • Location: Philadelphia, Pennsylvania

The University of Chicago, Booth School of Business

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Booth School of Business is a major center for finance education because its faculty includes Eugene F. Fama, Nobel laureate and the father of modern empirical finance. This finance doctoral degree has an option for a joint PhD in collaboration with the university’s economics department.

  • Courses: Financial economics, financial markets in the macroeconomy, and behavioral finance.
  • Tuition : Refer tuition page
  • Financial aid: Grants, stipends, health insurance, scholarships, fellowships, teaching assistantships, research assistantships, and loans.
  • Acceptance rate: 7%
  • Location: Chicago, Illinois

The University of Illinois at Urbana-Champaign, Gies College of Business

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The University of Illinois at Urbana Champaign is one of the best places for studying and conducting research in finance. Its finance research faculty was ranked #4  in the UTD Top 100 Business School Research Rankings between 2016-2019. In this PhD in finance program, students can take the qualifying examination at the end of the first year and, if successful. They’ll be able to start their research project earlier and complete the degree sooner.

  • Courses include: Empirical analysis in finance, corporate finance, and statistics & probability.
  • Duration: 4-5 years
  • Financial aid: Full tuition waiver, stipends, scholarships, grants, student employment, and loans.
  • Acceptance rate: 63%
  • Location: Champaign, Illinois

Massachusetts Institute of Technology, Sloan School of Management

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The Sloan School is one of the top research centers in the world, which aims to transform students into experts who can handle real-world problems in a wide range of spheres, from business and healthcare to climate change. This PhD program in finance gives students the flexibility to choose between a wide range of electives and even study some courses at Harvard.

  • Courses include: Current research in financial economics, statistics/applied econometrics, and corporate finance.
  • Duration: 6 years
  • Financial aid: Full tuition, stipend, teaching assistantships, research assistantships, health insurance, fellowships, scholarships, and loans.
  • Location: Cambridge, Massachusetts

Northwestern University, Kellogg School of Management

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The Kellogg School of Management allows students to conduct independent research under the supervision of faculty who’ve made significant contributions to the field and have earned numerous prestigious awards. This doctorate of finance program’s admission process has a dual application option. You can also apply to the Economics PhD simultaneously, so if you are not selected for the finance program, you may be considered for economics.

  • Courses include: Econometrics, corporate finance, and asset pricing.
  • Duration: 5.5 years
  • Financial aid: Tuition scholarship, stipends, health insurance, moving allowance, and subsidies.
  • Location: Evanston, Illinois

The University of California Berkeley, Haas School of Business

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The Haas School of Business in Berkeley is an innovative institution that questions the status quo, takes intelligent risks, and accepts sensible failures in its path to progress. This finance PhD program offers students opportunities to learn about cutting-edge research from faculty from around the world.

  • Courses include: Corporate finance theory, stochastic calculus, and applications of psychology & economics.
  • Tuition : Refer cost page
  • Financial aid: Fellowships, grants, tuition allowance, stipends, teaching assistantships, and research assistantships.
  • Acceptance rate: 17%
  • Location: Berkeley, California

The University of Texas at San Antonio, Alvarez College of Business

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The Alvarez College of Business is one of the forty largest business schools in the USA. It follows a comprehensive and practical approach to education that allows students to apply the knowledge they gain directly in the workplace. This PhD in finance encourages students to do collaborative research with the faculty, which helps them publish their own academic papers before they even complete the program.

  • Courses include: Corporate finance, international financial markets, and microeconomic theory.
  • Credits: 84 (post-bachelors)
  • Financial aid: Scholarships, grants, work-study, teaching assistantships, research assistantships, research fellowships, and loans.
  • Acceptance rate: 84%
  • Location: San Antonio, Texas

Liberty University, School of Business

Doctor of Business Administration (DBA) in Finance

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Liberty University is a non-profit institution among the top five online schools in the USA and has been offering fixed tuition fees for the past seven years. This is one of the best PhD in Finance programs you can do completely online. It aims to prepare students to address issues in business finance through research, best practices, and relevant literature.

  • Courses: Managerial Finance, Investments & Derivatives, Business Valuation, etc.
  • Credits: 60
  • Duration: 3 years average
  • Tuition : $595 per credit
  • Financial aid: Grants, scholarships, work-study, veteran benefits, and loans.
  • Delivery: Online
  • Acceptance rate: 50%
  • Location: Lynchburg, Virginia

Northcentral University

PhD in Business Administration (PhD-BA) – Finance Management

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Northcentral University was founded with the objective of offering flexible, fully-online programs to working professionals around the world. This doctorate degree in finance online is flexible and allows you to design your own schedule. You will also get one-on-one personal mentoring from qualified faculty.

  • Courses include: Business financial systems, business statistics, and business leadership & strategy.
  • Duration: 84 months average
  • Tuition: $1,105 per credit
  • Financial aid: Grants, scholarships, and military scholarships.
  • Acceptance rate: NA
  • Location: Scottsdale, Arizona

Things To Consider When Choosing a Finance PhD Program

The right PhD program for you is a very personal decision and will depend on several individual factors.

However, these general questions will help you to make the right choice:

  • Is the university properly accredited?
  • Does the university conduct innovative and cutting-edge research?
  • Are there renowned faculty members who you’ll want to work with?
  • Do they offer subjects or specializations that match your career goals?
  • What is the school’s placement history?
  • What are the tuition fees, costs, and options for scholarships and financial aid?
  • Does the program offer online study options?

It’s also important to consider if you want to pursue a career in academia or work in organizations as a senior finance professional. A PhD degree will generally set you up for a career in research or academia, while a DBA is more suited to a career in business or government.

Preparing for a Finance Doctorate Program

It’s important to start preparing early if you want to be selected for one of the best finance PhD programs.

These handy tips can help you put your best foot forward:

  • Research the requirements of the best universities offering PhD in finance degrees, including pre-requisite subjects and qualifying grades. Keep these in mind when completing your bachelor’s or master’s degree.
  • Understand your strengths and weaknesses in relation to the program’s requirements. Work on your weaknesses and continue to hone relevant skills.
  • Read extensively in the field and keep up-to-date on regional and global developments.
  • Join communities of finance professionals to build your network and be exposed to the latest knowledge in the discipline.

Skills You Gain from Earning a PhD in Finance

The most important skills you learn as a doctor of finance include:

  • Communication skills, including writing and presentation skills
  • Data analytical skills
  • Economics and accounting skills
  • Critical thinking skills
  • Mathematical skills
  • Analytical software skills
  • Management and leadership skills
  • Problem-solving skills

PhD Programs in Finance FAQs

How long does a phd in finance take.

PhD programs in finance usually take between three and eight years to complete.

Is It Worth Getting a PhD in Finance?

A PhD in Finance is a qualification that’s in high demand today. It is a terminal degree and can help you get top-level jobs with lucrative salaries in corporate or large organizations.

How Much Can You Make With a PhD in Finance?

With a finance doctorate, you can expect to earn a salary anywhere from around $45,000 to $150,000, depending on your experience, role, and the organization you work for. According to the BLS, the average salary for finance PhD holders is $131,710 .

What Do You Need To Get a PhD in Finance?

The admissions requirements vary depending on the program, but you’ll typically need a bachelor’s or master’s degree in finance. The programs can take three to eight years of coursework and research.

To apply, you’ll usually need to submit:

  • Application
  • Academic resume
  • Academic transcripts
  • Recommendation letters
  • GRE or GMAT score
  • Personal essay

Final Thoughts

With a doctorate in finance, you can build a rewarding career in academia, research, or the business sector. Like any doctorate, these programs ask for dedication and hard work. By planning early, you’ll set yourself up to pursue one of the best PhD programs in finance.

For more on how to build your career in the field, take a look at our guides to the best master’s degree in finance , the highest paying PhDs , and fully-funded PhD programs .

Lisa Marlin

Lisa Marlin

Lisa is a full-time writer specializing in career advice, further education, and personal development. She works from all over the world, and when not writing you'll find her hiking, practicing yoga, or enjoying a glass of Malbec.

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12 Best Finance schools in Boston, MA

Updated: February 29, 2024

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Below is a list of best universities in Boston ranked based on their research performance in Finance. A graph of 631K citations received by 19.3K academic papers made by 12 universities in Boston was used to calculate publications' ratings, which then were adjusted for release dates and added to final scores.

We don't distinguish between undergraduate and graduate programs nor do we adjust for current majors offered. You can find information about granted degrees on a university page but always double-check with the university website.

1. Boston University

For Finance

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2. Boston College

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3. Northeastern University

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4. Fisher College

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5. University of Massachusetts - Boston

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6. Suffolk University

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7. Bay State College

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8. Simmons University

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9. Emmanuel College

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10. Emerson College

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11. MCPHS University

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12. New England Law - Boston

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Universities for Finance near Boston

University City
3 4
Cambridge, Massachusetts
5 6
Cambridge, Massachusetts
7 123
Medford, Massachusetts
14 159
Waltham, Massachusetts
16 128
Waltham, Massachusetts
18 133
Wellesley, Massachusetts
21 263
Wellesley, Massachusetts
39 216
Lowell, Massachusetts
41 461
Franklin, Massachusetts
58 287
Worcester, Massachusetts

Economics subfields in Boston

Online Financial Management Graduate Certificate

Online Financial Management Graduate Certificate

Quicklinks: Curriculum • Faculty •  Tuition & Financial Aid •  Careers

Program at a Glance

  • Online, On Campus , and Blended
  • 16 Credits Required
  • 9  months Completion Time
  • $15,720 Tuition & Fees—Part-Time Study*

*Based on 2024–2025 Boston University tuition and fees. Merit scholarship may reduce cost.

Related Programs

  • Applied Business Analytics
  • Enterprise Risk Management
  • Financial Management
  • Global Marketing Management
  • Insurance Management
  • Project Management
  • Corporate Finance
  • Data Analytics
  • IT Project Management
  • International Finance
  • Investment Analysis
  • Pre-Analytics Laboratory (non-credit)

The online Graduate Certificate in Financial Management at Boston University’s Metropolitan College is designed to provide leaders and managers throughout an organization with essential skills for making intelligent business decisions. By taking the required courses for the certificate, students will receive a strong foundation in financial theory, acquire technical skills for developing analytical approaches, and improve critical thinking abilities through hands-on coursework and real-world case studies. Available on campus and online, the Financial Management certificate is designed for professionals currently working in the financial services industry and those who are responsible for making financial decisions, as well as for students who are interested in a financial services career. After completing the certificate, students will be qualified for positions in cash management, capital budgeting, and risk management.

Students who complete the Graduate Certificate in Financial Management will be able to demonstrate:

  • Expertise in how financial markets function, including the major participants, procedures for assessing and pricing risk, and market roles in the allocation of credit to various financial sectors.
  • Comprehension of the goals and functions of financial management.
  • Skills in financial analysis and planning, working capital management, and the capital budgeting process.
  • Knowledge of long-term financing.
  • Proficiency in the overall investment process and the key elements involved in the investment process such as asset allocation and security selection.
  • Understanding of debt, equity, and derivatives securities.
  • The ability to construct portfolios of different risk levels, given information about risk-free rates and returns on risky assets.
  • Full understanding of systematic and firm-specific risk, and portfolio diversification.
  • Insight on the concept and usage of the capital asset pricing model (CAPM).
  • Experience with the calculation of bond prices including accrued interest, promised yields, and realized yields.
  • Competence with active bond portfolio management.
  • Familiarity with how to analyze a firm using the basic financial statements to perform ratio analysis.
  • Understanding of mergers and acquisitions through the case study methodology.

Why Choose BU’s Graduate Certificate in Financial Management?

  • Boston University certificate programs comprise just four courses (16 credits) and provide essential skills and capabilities in high-growth industry areas. Certificate programs also provide a pathway to Metropolitan College management degree programs.
  • The Financial Management certificate is excellent preparation for the internationally recognized Chartered Financial Analyst ® (CFA) Program exams, and shares courses with MET’s MS in Financial Management, which is part of the CFA Institute University Affiliation Program.
  • The Financial Management certificate program offers the flexibility of online, on-campus, or blended study formats, ensuring that students can earn their credential the way that suits them the best.
  • Learning from expert faculty from MET’s Department of Administrative Sciences, students will gain the insights, critical thinking, and analytical skills needed to solve problems in today’s changing business landscape.
  • Online certificate programs share courses and instructors with MET’s master’s degree programs in management, ranked #6 among the nation’s Best Online Master's in Business Programs (Excluding MBA) by U.S. News & World Report in 2024.

*Chartered Financial Analyst is a registered trademark owned by CFA Institute.

Career Outlook

Financial managers.

19% increase in jobs through 2026

$125,080 median annual pay in 2017

6% increase in jobs through 2026

$102,490 median annual pay in 2017

Financial Analysts

11% increase in jobs through 2026

$84,300 median annual pay in 2017

Financial Examiners

10% increase in jobs through 2026

$81,690 median annual pay in 2017

Securities, Commodities, and Financial Services Sales Agents

$63,780 median annual pay in 2017

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2017-18 Edition

Tuition & Financial Assistance

Money matters.

Boston University Metropolitan College (MET) offers competitive tuition rates that meet the needs of part-time students seeking an affordable education. These rates are substantially lower than those of the traditional, full-time residential programs yet provide access to the same high-quality BU education. To learn more about current tuition rates, visit the MET website .

Financial Assistance

Comprehensive financial assistance services are available at MET, including scholarships , graduate loans, and payment plans. There is no cost to apply for financial assistance, and you may qualify for a student loan regardless of your income. Learn more .

Boston University’s Graduate Certificate in Financial Management consists of four required online courses (16 credits).

(Four courses/16 credits)

METAD712 Financial Markets and Institutions

Prereq: MET AD630, MET AD731 Investigation and analysis of organization, structure, and performance of U.S. money and capital markets, and institutions. Examines regulation of the financial industry and the role of financial instruments. [4 credits]

METAD714 Mergers and Acquisitions

Prereq: MET AD630, MET AD731 This course examines the corporate valuation process by which takeovers and other corporate control transactions take place. It includes financial forecasting, based on expectation models, scenario analysis, and due diligence. Of particular interest will be the defensive measures by management against hostile bids, buyout transactions, the relation of takeovers to capital structure changes, and the insider trading in takeover contests. [4 credits]

METAD717 Investment Analysis and Portfolio Management

Prereq AD 630, AD731 This course develops a framework for understanding the various types of financial decision making faced by financial managers and provides students with analytical tools for evaluating portfolio construction and management problems in a systematic manner. Includes analysis and determination of securities values. Problems of investment policy are approached through studies of portfolio selection methods and the valuation of special classes of securities. It offers quantitative strategies for portfolio diversification and risk management. [4 credits]

And one of the following:

METAD528 Blockchain Finance

Cryptocurrencies and the underlying distributed ledger technology (blockchain), have exploded into public consciousness over the last few years, with many industry practitioners arguing that the blockchain technology has the potential to disrupt business and financial services in the way the Internet disrupted off-line commerce. This course covers digital currencies, blockchains, and related topics in the FinTech area using the analytical tools provided by economics, investments and corporate finance. [4 credits]

METAD561 Financial Analytics

This course presents financial algorithms used in applications of computer science in financial decision analysis, risk management, data mining and market analysis, and other modern business processes. The course covers theoretical background on probabilistic methods used for financial decision making and their application in number of fields such as financial modeling, venture capital decision making, operational risk measurement and investment science. Number of financial applications and algorithms are being presented for portfolio risk analysis, modeling real options, venture capital decision making, etc. The course concludes with algorithms for financial risk assessment and presents the security concepts and challenges of financial information systems. [4 credits]

METAD580 Environmental, Social, and Governance (ESG) Investments

Prerequisite: MET AD 717 Investment Analysis AD580 is a comprehensive investments course introducing important aspects of investing, including environmental, social, and governance issues, and their role in corporate risk management, financial markets, and investments, presented from the viewpoint of market participants and corporate leadership. The course incorporates the mechanics of investing sustainably, with long-term planning on a micro and macro level. Topics will include an introduction and understanding of the ESG market, defining the environmental, social, and governance factors important for investment decision-making, and the importance of corporate engagement and stewardship. The course will also cover ESG analysis, valuation, and integration in portfolio management. [4 credits]

METAD581 Energy Transition: Markets and Regulation

The goal of the course is to give the student a clear, practical understanding of significant pieces of the energy "puzzle" as a guide to understanding how energy is produced and consumed -- as market forces dictate - both in the United States and abroad. Students considering this course can have various backgrounds/knowledge of energy, but most importantly, an interest in understanding the transitions needed to achieve climate-related goals. The student will be challenged to explore energy transition opportunities and decarbonization's imperative through finance, policy, markets, and regulation. [4 credits]

METAD587 Interdisciplinary Methods for Quantitative Finance

This course expands upon the foundations of finance theory with interdisciplinary approaches from statistical physics and machine learning. The course equips the students with the Python tools to tackle a broad range of problems in quantitative financial analysis and combines the study of relevant financial concepts with computational implementations. Students will learn to use packages like Numpy, Pandas, Statsmodels and Scikit, which are commonly used in research and in the industry. Prerequisites: MET AD 685 or PY 355 or equivalent or consent by the instructor. [4 credits]

METAD709 Case Studies in Current Corporate Financial Topics

Prereq: MET AD630, MET AD731 This course involves utilizing analytical methods for financial forecasting, cost of capital calculation, rate of return analysis, use of derivatives instruments, business growth management, discounted cash flow analysis, corporate valuation, mergers & acquisitions, and evaluation of bankruptcy proceedings. [4 credits]

METAD713 Derivative Securities and Markets

Prereq: MET AD630, MET AD731 Provides an overview of operation, mechanics, and structure of the derivative markets and covers in-depth quantitative valuation of derivative instruments, such as options, futures, and swaps. The course involves risk analysis including risk arbitrage, and risk management. Emphasizes the theory and practice of derivatives-based trading strategies including hedging opportunities for risk mitigation. [4 credits]

METAD719 Fixed Income Analysis

Prereq: MET AD 630, MET AD 731 This course covers the nature and analysis of fixed income securities and an in-depth examination of some of the particular features of some major classes of fixed income instruments, valuation, sensitivity to risks, and management of fixed income portfolios. [4 credits]

METAD763 Multinational Finance and Trade

Prereqs: AD 630, AD731 Applies the concepts of corporate finance and risk mitigation to the problems of multinational financial management. Major topics include foreign exchange risk, and construction of hedging strategies using derivative instruments such as forwards, futures, and swaps to reduce multinational corporate risk. Addresses international financial flows and their impact on foreign exchange rates, capital flows, speculation, analysis of alternative foreign investments, analysis of sources and uses of corporate funds abroad, multinational tax and profit. [4 credits]

Admission Information

  • Completed Application for Graduate Admission and application fee
  • All college transcripts
  • Personal statement
  • One letter of recommendation
  • Official English proficiency exam results ( International students )

Irena Vodenska

Irena Vodenska

Professor of Finance; Director, Finance Programs; Chair, Administrative Sciences PhD, Boston University; MBA, Vanderbilt University; MS, BS, University of Belgrade

Jim Stodder

Jim Stodder

Visiting Professor of the Practice, Administrative Sciences PhD, Yale University; MSc, University of Essex; BA, Yale University

Bill McGue

Lecturer, Administrative Sciences; Online Program Coordinator MS, Boston University; BA, Bentley College

Ivan Julio

Assistant Professor, Administrative Sciences PhD, University of New Orleans; MSc, Arizona State University; Licentiate in Economics, National University of Córdoba

San Chee

Assistant Professor, Administrative Sciences MS, Rensselaer Polytechnic Institute; MS, Boston University

Alexander Becker

Alexander Becker

Assistant Professor, Administrative Sciences Coordinator, Finance Programs PhD, Boston University; Diplom-Physiker, University of Duisburg-Essen

Getting Started

To learn more or to contact an enrollment advisor before you get started, request information using the button below and tell us a little about yourself. Someone will be in touch to answer any questions you may have about the program and detail the next steps in earning your degree. You can also start your application or register for a course at Metropolitan College.

  • Request Information Have a Metropolitan College enrollment advisor get in touch with you.

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M.S. in Finance

  • M.S. Programs

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  • M.S. in Accounting

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By mastering the enduring principles that underlie financial markets, MSF students broaden their career opportunities and make names for themselves in their fields. Our program emphasizes financial analytical skills that students can bring to workplaces in corporate finance, asset management, and investment banking.

Application & Requirements

Take the first step, we can help you reach your goals., at a glance.

The program requires 10 courses.

Full-time students have 12 months to complete the program while part-time students will take approximately 20 months.

All M.S. in Finance students are required to complete 10 hours of community service in order to graduate.

196,000+

Boston College Alumni

43,000+

Carroll School Alumni

Financial Times Faculty Research Ranking

(Average ranking over the past five years)

  • Full-Time: Quantitative Finance Track

Program Length

Students have 12 months to complete the 10-course program. Full-time students typically take four classes in each of the fall and spring semesters, and finish their degrees by taking two classes during the summer.

Students will complete Managerial Statistics, which is a self-paced online course, during the summer prior to arriving on campus. Students will receive instructions and information about the course from the Graduate Student Services Office in June. All assignments for this course will be due by mid-August.

Core Courses

  • Investments (MFIN8801)
  • Corporate Finance (MFIN8807)
  • Management of Financial Institutions (MFIN8820)
  • Financial Econometrics (MFIN8852)

Spring/Summer

  • Quantitative Portfolio Management (MFIN8803)
  • Derivatives & Risk Analytics (MFIN8860)
  • Advanced Corporate Finance (MFIN8881)

Elective Courses

These electives must be at the MFIN66XX or MFIN88XX level (MFIN77XX level courses are for Full-time MBA students only). Electives may have more than one pre-requisite. Please check Agora under "Course Information and Schedules" for specifics.

The quantitative finance track is a STEM-designated track, and allows you to complete the 10 total courses required for the MSF in one full year of study (12 months). Full-time students can typically take four classes in each of the fall and spring semesters, and finish their degrees by taking two classes during the summer.

Select four of the following spring/summer courses

  • FinTech and Cryptocurrencies (MFIN6650)
  • Global Macro and the Financial System (MFIN8850)
  • Derivatives and Risk Analytics (MFIN8860)
  • Behavioral Finance (MFIN8865)
  • Data Analytics in Finance (MFIN8870)
  • Fixed Income Analysis (MFIN8880)

STEM Designation

Boston College’s Master of Science in Finance (MSF) Quantitative Finance Track is a STEM (science, technology, engineering and math) designated program. This classification allows international MSF graduates on an F-1 visa to potentially qualify for an additional 24 months of training in their field of study (called Optional Practical Training or OPT) beyond the standard 12 months. Eligible F-1 nonimmigrant students with a STEM degree from a Student & Exchange Visitor Program (SEVP) certified U.S. school who participate in an initial period of regular post-completion OPT (typically 12 months) may be eligible to apply for a STEM OPT extension.

To qualify for a 24-month STEM OPT extension, an F-1 student must:

  • Have completed a degree in an  eligible STEM field  from an SEVP certified U.S. school.
  • Maintained lawful F-1 status during the standard 12 month period of OPT.
  • Have employment through an employer enrolled in USCIS’s  E-Verify  employment eligibility verification program.
  • Work with the employer to complete a formal training (I-983) and learning objectives.
  • Be employed at least 20 hours per week in a position directly related to the STEM degree.

STEM OPT Help Hub

Program Schedule

The part-time option offers a flexible schedule, enabling you to earn your degree while continuing to advance your career. Part-time students take two classes per semester on average. At this pace, the total duration of the 10-course program will be approximately 20 months.

Required Courses

  • Investments (MFIN8801)*
  • Corporate Finance (MFIN8807)*
  • Managerial Statistics (BZAN7703)**

* As Investments and Corporate Finance are prerequisite courses for most other finance classes, students should plan to take these courses first.

** This is a zero-credit, self-paced online course. All part-Time MSF students are required to take this course in their first semester.

Choose One of the Following Courses

  • Corporate Valuation and Restructuring (MFIN8821)

Course Information and Schedules

Course Waivers

Incoming students who took an MSF core course as an undergraduate may be eligible to waive the course, and to replace it with an elective, by passing a waiver exam. Waiver exams must be completed no later than the deadline of August 1. Incoming students requesting a course waiver must submit requests to Professor Michael Barry. Students will be notified of the results of their waiver exam prior to the start of the Fall semester.

MSF students who received an undergraduate degree from Boston College and who achieved a minimum grade of B+ in an MSF core course taken at Boston College will be allowed to replace that course with an elective, provided they have taken the course within the past five years. Students who received a grade of B or lower or who took the course more than five years prior to starting the MSF program may take a waiver exam or they may retake the course with a professor other than the one who taught their undergraduate course.For more information please contact the Office for Graduate Programs at 617-552-3773.

Community Service

The Carroll School has a proud tradition of service to our community. In keeping with that tradition and with our Jesuit heritage, all M.S. in Finance students are required to complete 10 hours of community service in order to graduate.

Community Service Guidelines

Class Profile

Class entering Fall 2023

Full-Time Students

Academic & professional profile.

Average Undergraduate GPA3.31
Average GMAT Score665
GMAT Score 80th Percentile Range610–720
Average GRE Score322
GRE Score 80th Percentile Range304-334
Average Full-Time Work Experience<1 year
Work Experience 80 Percentile Range0–1 year
Women39%
AHANA*11%
International78%
Average Age23
Age Range20–35

*African-American, Hispanic, Asian and Native American.

Note: All class profile information is accurate as of September 12, 2023

International Enrollments

Hong Kong SAR

South Korea

United Kingdom

Undergraduate Majors

Part-time students.

Average Undergraduate GPA3.43
Average Full-Time Work Experience>2 years
Women38%
AHANA*46%
Average Age25
Age Range21-47

Tuition & Aid

An MSF from the Carroll School is an excellent investment in your future. We offer merit-based scholarships and financial assistance to qualified applicants. Loan and work study programs are also available.

More About Tuition & Aid

Alumni Experiences

Rosie Rui

Rosie Xue Rui ’20, Quantitative Financial Analyst, Zenith Stone Asset Management

“The BC MSF offers a perfect blend of quantitative and qualitative classes, industry exposure, and programming—all of which aligned perfectly with my goals.”

Madison Borrelli

Madison Borrelli ’21, Ph.D. in Finance Candidate, University of Central Florida

“Not only was I being academically challenged inside of the classroom, but I was also strengthening my networking and communication skills, while making lifelong connections.”

Cole Conderman

Cole Conderman ’22, Advisory Associate, KPMG

“I chose to pursue my MSF at Boston College due to the reputation of the Carroll School name, BC’s proximity to America’s major financial hubs, and the program’s world-class educational experience.”

Udaypaul Chilana

Udaypaul Chilana ’22, Investment Analyst, Cambridge Associates

“The professors are what make Boston College unique. They are some of the top minds in their fields, with extensive academic and professional achievements.”

Virtual Coffee Chats

Chat with a current student and learn more about the BC MSF program.

Register for a Coffee Chat

In-Person Campus Tours

Enjoy a 30-minute walking tour of Fulton Hall and upper campus.

Visit Campus

Application Link & Deadlines

Attention Domestic Full-Time MSF Applicants for Fall 2024: We are accepting Fall 2024 applications on a rolling basis until July 31 and are waiving the application fee for the remainder of the cycle. To request a fee waiver, email us at bcmba@bc.edu when you are ready to submit your application.

Admission Decisions: Applications are generally reviewed on a rolling basis. This means that, provided their applications are complete, applicants may receive admission decisions before the notification deadlines. However, it is important for applicants to understand that decisions are only guaranteed by the official notification date.

Rounds & Final Deadlines: For priority consideration, applicants must submit their applications by the earliest date possible. Applications received after the last deadline are reviewed on a space-available basis.

Full-time MSF 2024 Deadlines

Program Start DateApply ByReceive Decision By
August 2024October 24, 2023December 21, 2023
 January 9, 2024*February 29, 2024
 March 12, 2024*May 23, 2024
 May 7, 2024June 13, 2024

Part-time MSF 2024 Deadlines

Program Start DateApply ByReceive Decision By
January 2024October 10, 2023November 30, 2023
 December 5, 2023Rolling+
August 2024January 16, 2024March 28, 2024
 March 5, 2024May 9, 2024
 July 9, 2024August 8, 2024

* International applicants are strongly encouraged to apply by these deadlines.

+ Rolling notification date: Candidates with complete applications, which include the receipt of letters of recommendation, will receive decisions within ten business days.

Boston College Fifth-Year BC Applicants

Boston College undergraduates currently in the second semester of their junior year or at any point in their senior year are eligible to apply to the Master of Science in Finance program as fifth-year applicants. Once enrolled, students can complete their MSA or MSF degree in as little as nine months from the program start date.

Fifth-year applicant requirements

Resume or CV

Use this component of the application to outline your educational background and professional experience, including part-time and internship roles with months and years in each position.

✓ Application Tip: We recommend limiting your resume to one to two pages. Please also make sure that your resume corresponds to the information submitted in the “Employment” section of your online application.

Transcripts

All applicants must possess a four-year bachelor’s degree from an accredited college or university. You must submit transcripts from every institution where you were enrolled in a degree-granting program. At the time of application, only a self-reported transcript is required but if you are admitted, we will require an official transcript sent directly from your degree-granting institution. Transcripts should include:

Course names

All grades received (including transfer credits and study abroad programs)

Cumulative GPA

Degree conferral information

Graduates of non-U.S. institutions must possess a college or university degree equivalent to a four-year U.S. bachelor’s degree. If admitted, international students are required to submit an official English translation of all academic credentials, along with a third-party degree verification from an agency such as  SpanTran or  World Education Services (WES) .

✓ Application Tip: Verify that your degree is equivalent to a four-year U.S. bachelor’s degree before starting your application. Agencies such as WES provide a variety of degree equivalency tools and services .

Standardized Tests

Applicants must submit GMAT or GRE scores from within the past five years. We accept both the GMAT Exam and GMAT Focus Edition. Our test codes are:

GMAT school code: 44x-J5-96

GRE school code: 3033

GMAT/GRE Waivers

Through a pilot initiative, full-time MSF applicants for Fall 2024 may request consideration for a GMAT/GRE waiver. Learn more and submit a full-time MSF GMAT/GRE waiver request before completing your application.

Part-time MSF candidates may also request consideration for a GMAT/GRE waiver. Learn more and submit a part-time MSF GMAT/GRE waiver request before completing your application.

✓ Application Tip: While Graduate Admissions does not have a preference between the GMAT or GRE, we encourage you to consult class profile data  for average test scores in order to gauge where you stand. 

English Proficiency

If you are not a U.S. citizen or permanent resident, you are required to submit an English language proficiency exam score with your application. We accept TOEFL, IELTS, or PTE scores. We do not accept the Duolingo English Test. 

Scores must be from within the past two years, and applicants must meet the following minimum scores:

TOEFL, iBT, and TOEFL iBT Home Edition: 100

You are eligible to waive the language test requirement if you meet either of the following criteria:

You have completed a four-year bachelor’s degree or a two-year master’s degree (or higher) at an institution where the medium language of instruction is English. You must have completed your degree in its entirety at the English-medium institution. The medium language of instruction must be indicated on your transcript or verified in an official letter from the institution.

You have worked in a full-time, post-degree position for at least two years in the United States or a country where English is an official language. NOTE: Working for a company that conducts its business in English in a country where English is not an official language will not qualify you for a language test waiver.

✓ Application Tip: If you are eligible to waive the language test requirement, you do not need to submit a waiver request beforehand and can simply move forward with your application.

Letter of Recommendation

Only one letter of recommendation is required to complete your application. We are interested in learning about you from an individual who can provide an objective appraisal of your capacity for intensive graduate study and your potential for professional success.

Recommenders are required to submit the recommendation forms online and will receive instructions through email once you complete the “Recommendation” section of your application.

✓ Application Tip: MSF applicants are advised to submit recommendations from either academic references such as professors, or professional references such as supervisors or managers.

Required & Optional Essays

All applicants must submit a required essay of no more than 500 words telling us about your past experiences, short- and long-term goals, and why you want to pursue an MSF at Boston College. You may also submit an optional essay that addresses aspects of your candidacy that have not already been covered in other parts of the application.

✓ Application Tip: We want to hear about you and appreciate when applicants craft a unique response to the questions. Learn more about our essay questions and how to answer them .

If you have any further application-related questions, we encourage you to register for an App-y Hour application support session . These small-group sessions are held through Zoom and led by a member of the Graduate Admissions team.

Thinking about your fit for Carroll School of Management graduate programs?  Review some tips and tactics to assess your candidacy .

You can also email us at bcmba@bc.edu , or schedule a phone call or Zoom appointment with a member of the Graduate Admission team.

Quick Links

Graduate admission faq, why the carroll school, diversity & inclusion, facts & figures.

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  • Certificate
  • Pennsylvania

Finance Programs and Careers in Massachusetts

  • Author: Robin Cathey
  • Expert Reviewer: Rob Voce
  • Editorial Process

This guide provides an overview of programs and opportunities for those interested in earning a degree and beginning a career in finance in Massachusetts. Prospective students will find various finance degree options in Massachusetts, from bachelor’s programs to master’s and Master of Business Administration (MBA) programs with finance concentrations. Some schools also offer part-time programs, evening and weekend classes, or fully online finance degrees. Graduates with degrees in finance can find growing financial industry opportunities in the state, from high-paying positions as financial analysts to investment managers. The information below offers details on finance programs and career prospects in Massachusetts.

Quick Facts

  • There are 38 colleges and universities with finance degree programs in Massachusetts. 1
  • 8 schools offer a certificate in finance. 1
  • 1 school offers an associate’s degree in finance. 1
  • 32 schools offer a bachelor’s degree in finance. 1
  • 18 schools offer a master’s or advanced degree in finance. 1
  • 3 schools ranked in Forbes’ Best Business Schools 2019 . 2
  • 4 schools ranked in Princeton Review’s Great Schools for Business and Finance Majors 2020 . 3
  • 3 schools ranked in US News & World Report’s Best Undergraduate Finance Programs 2021 . 4
  • 3 schools ranked in US News & World Report’s Best Graduate Finance Programs 2021 . 5

For not-for-profit colleges and universities with finance degree programs.

Table of Contents

  • Comparison of Finance Programs

Top-Ranked Schools with Finance Programs in Massachusetts

Select schools in massachusetts with finance degrees, massachusetts finance careers and salary outlook, finance associations in massachusetts, massachusetts finance program comparison.

We have developed the following table to help you compare all of the finance programs in Massachusetts from not-for-profit schools that offer programs with a concentration in finance. In addition to allowing you to compare the business school’s accreditation , finance degrees that appear in bold are Chartered Financial Analyst (CFA) Institute University Affiliation Programs , those that have been recognized for curricula aligned to preparing for the CFA Exam.

School NameAccreditationFinance Degree(s)Acceptance Rate Grad Rate Online Options?Median Debt Net Price
American International CollegeIACBEBS-Economics/Finance;
Minor-Economics/Finance;
Minor-Fraud and Financial Crimes
N.Av.44%$19.500$21,218
Assumption UniversityBA-Actuarial Science;
BA-Finance;
Minor-Finance
N.Av.70%$24,000$29,305
Babson CollegeAACSB ;
BS-Managerial Financial Planning and Analysis;
;
78.9%93%$24,875$28,325
Bentley UniversityAACSB ;
BS-Corporate Finance and Accounting;
;
BAS-Actuarial Science;
Minor-Finance;
;
MS-Financial Analytics
55.6%90%$25,000$41,582
Boston CollegeAACSBBS-Accounting for Finance and Consulting;
BS-Finance;
Minor-Accounting for Finance and Consulting;
Minor-Finance;
MS-Finance
57.5%94%$18,962$28,354
Boston UniversityAACSBBSBA: Finance;
MBA-Finance;
;
MS-Mathematical Finance & Financial Technology
49.6%88%$23,500$29,479
Brandeis UniversityAACSB 73.8%87%$26,250$37,264
Certificate-Finance;
BS-Accounting and Finance: Finance;
BS-Finance;
Minor-Accounting and Finance;
Minor–Actuarial Science
N.Av.61%Yes$18,280$17,323
Bunker Hill Community CollegeAS-FinanceN.Av.14%$4,750$8,358
Clark UniversityAACSBAccelerated BA/MSF: Finance*;
MBA/MS-Finance*;
MS-Finance
83.1%79%Yes$24,963$30,158
Curry CollegeIACBEBA-Business Administration: FinanceN.Av.52%$19,267$28,766
Eastern Nazarene CollegeBS-FinanceN.Av.40%$18,500$20,798
Elms CollegeIACBECertificate-Financial Planning;
BA/MBA-Finance*;
MBA-Financial Planning
N.Av.N.Av.YesN.Av.N.Av.
Emmanuel CollegeBA-Economics: Finance;
Minor-Finance
N.Av.66%$23,500$29,946
Endicott CollegeBS-Finance;
MBA-Finance-
N.Av.74%Yes$22,000$36,498
Fisher CollegeIACBEBS-Management: FinanceN.Av.33%$9,500$23,981
IACBEBS-Finance;
BS-Finance: Financial Planning;
Minor-Finance
N.Av.61%$17,671$18,937
;
MSFA-Financial Analysis
N.Av.69%Yes$23,250$29,047
Harvard UniversityAACSBCertificate-Financial Accounting;
Certificate-Leading with Finance;
Certificate-Alternative Investments
11.5%97%Yes$7,000$18,030
Hult International Business SchoolAACSBMS-Finance38.4%N.Av.N.Av.$44,377
ACBSPBS-FinanceN.Av.59%$24,000$28,404
Lesley UniversityACBSPMinor-Financial PlanningN.Av.60%$15,750$33,524
AACSBBS-Finance;
Minor-Finance;
MFin-Finance
14.6%95%$15,346$20,465
Merrimack CollegeBSBA: Financial Planning;
Minor-Finance
N.Av.75%$23,250$34,378
Nichols CollegeIACBEBSBA: Finance;
BSBA: Corporate Finance & Investments
N.Av.59%$19,000$28,532
Northeastern UniversityAACSBCertificate-Corporate Finance;
Certificate-Financial Markets and Institutions;
BSBA: Finance;
BSBA: Fintech;
BSBA: Finance;
BSBA: Fintech;
;
32.5%89%Yes$25,000$36,479
Regis CollegeACBSPCertificate-Financial Planning;
BS-Financial Planning;
Minor-Accounting/Finance
N.Av.67%Yes$25,000$32,047
Salem State UniversityBSBA: Corporate Finance and Accounting;
BSBA: Finance
N.Av.57%$17,941$17,720
Simmons UniversityAACSBBSBA: Finance;
BS-Financial Mathematics;
Minor-Finance
N.Av.81%$23,000$30,841
Springfield CollegeIACBEBS-FinanceN.Av.74%$20,590$29,706
Stonehill CollegeAACSB ;
BS-Actuarial Mathematics
N.Av.82%$26,000$35,409
AACSBCertificate-Corporate Finance;
Certificate-Finance;
Certificate-Risk Management;
Certificate-Financial Services and Banking;

BSBA: Corporate Accounting and Finance;
Minor-Corporate Finance;
;
MS-Corporate Finance;
MS-Financial Services and Banking;
MBA-Finance;
MS/MS-Dual Degree Accounting/Finance*;
MS/MBA-Dual Degree Finance/MBA
67%58%$21,000$33,105
AACSB ;
MBA-Finance;
MFIN-Alternative Investments
29.9%82%Yes$20,600$22,927
AACSB N.Av.49%Yes$16,250$17,511
University of Massachusetts-DartmouthAACSBCertificate-Finance;
BS-Finance;
Minor-Finance;
MS-Finance
95.7%59%Yes$18,335$18,662
University of Massachusetts-LowellAACSBBSBA: Finance;
Minor-Finance;
MS-Finance;
MBA-Finance
N.Av.66%Yes$17,928$18,183
Western New England UniversityAACSBBS-Finance;
Minor-Finance
N.Av.65%$19,500$30,071
Worcester Polytechnic InstituteAACSBCertificate-Financial Technology;
BS-Actuarial Mathematics;
Minor-Financial Technology;
MS-Financial Mathematics
90.9%89%$27,000$42,393
  • * indicates combined program.
  • — indicates none.
  • N.Av. indicates no data available.

Forbes’ Best Business Schools 2019

  • Harvard University (#4)
  • Massachusetts Institute of Technology (#8)
  • Boston University (#39)

Georgetown CEW’s ROI Ranking by Long-Term Net Present Value 2019

The Georgetown University Center on Education and the Workforce (CEW) has compared 4,500 colleges and universities on graduates’ return on investment (ROI). We use their net present value (NPV) ranking, which is the current dollar value of earning a four-year degree from the school over a 40-year horizon.

  • Massachusetts Institute of Technology (#4; $2,273,000)
  • Babson College (#7; $1,985,000)
  • Harvard University (#8; $1,967,000)
  • Bentley University (#20; $1,786,000)
  • Worcester Polytechnic Institute (#28; $1,725,000)
  • Boston College (#57; $1,476,000)
  • Northeastern University (#79; $1,385,000)
  • Boston University (#116; $1,294,000)
  • Stonehill College (#186; $1,216,000)
  • Brandeis University (#255; $1,151,000) 7

Princeton Review’s Great Schools for Business and Finance Majors 2020

  • Babson College
  • Bentley University
  • Boston College

Massachusetts Institute of Technology

Us news & world report’s best undergraduate finance programs 2021.

  • Massachusetts Institute of Technology (#4)
  • Boston College (#7 tie)
  • Babson College (#30 tie)

US News & World Report’s Best Graduate Finance Programs 2021

  • Massachusetts Institute of Technology (#5)
  • Harvard University (#7)
  • Boston College (#31 tie)

Traditional Undergraduate Programs

Framingham state university.

At Framingham State University (FSU), students enrolled in the College of Business can earn an IACBE-accredited Bachelor of Science (BS) in Finance. Admittance to the program requires the completion of prerequisite coursework and/or test scores that demonstrate that students can meet the academic performance required for the level of the program. The rigorous curriculum prepares students for the global business environment through courses such as Managerial Finance, Legal Environment of Business, and Quantitative Modeling for Business and Economics. Students must choose one of two concentrations: General Finance or Financial Planning. Each concentration consists of seven specialization courses that include core courses and electives. The Financial Planning concentration is approved by the CFP Board and certifies students to sit for the CFP exam.

Lasell University

Lasell University’s College of Business offers an ACBSP-accredited Bachelor of Science (BS) in Finance that prepares students to gain various industry certifications such as CFP (Certified Financial Planner), CFA (Certified Financial Analyst), ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter), and the Series 6, 63, and 7 broker licenses. The curriculum emphasizes hands-on experience including internships and partnerships with major corporations. Classes are structured boardroom-style rather than lecture-style and students practice research and analysis through projects that challenge them to generate and record revenue. A seven-course program is available that is designed to meet the CFP Board of Standards requirements and can be completed over eight weeks. Students can opt to complete a challenging double major in accounting and finance in as little as three years.

Traditional Master’s Programs

At the Massachusetts Institute of Technology (MIT), students can earn a Master of Finance (MFin) from the Sloan School of Management. This STEM-designated program focuses on academic research in the field of financial economics. Students learn about the global finance economy using quantitative methods to analyze complex financial systems. This master’s degree also focuses on innovative management practices and the application of financial research in the real world. Courses encourage collaborative learning and student clubs offer opportunities to network outside of the classroom. The highly customizable program includes such courses as Foundations of Modern Finance, Corporate Financial Accounting, and Financial Markets. Students can complete the program in 12 to 18 months, and graduates can find opportunities in asset management, consulting companies, corporate banks, and treasury and finance departments. MIT also offers a Bachelor of Science (BS) in Finance and a Minor in Finance option.

Suffolk University

The Master of Business Administration (MBA) program at Suffolk University (SU) in Boston offers a concentration in Finance that focuses on real-world business knowledge. Students have the option to specialize in subjects such as corporate finance, financial technology (fintech), investments, and risk management. The downtown Boston campus is located near biotech, finance, and start-up businesses and the student career center offers opportunities to form connections in the financial industry. Students can attend professional workshops to build their resumes, expand their networks, and learn about other professional development opportunities. Some courses may be waived for those who are already certified public accountants (CPAs) and other accelerated program options are available. The SU North Campus in Lawrence, Massachusetts, offers the same MBA program on a full- or part-time basis, and the degree can also be completed online.

University of Massachusetts-Boston

The University of Massachusetts in Boston (UMB) offers a Master of Science in Finance (MSF). The program consists of 10 courses, or 30 credits, and students complete core classes, finance electives, and a capstone course. The program can be completed on a full-time or part-time basis, and it is geared toward those looking for careers in the finance sector. Students can choose between a General Finance track or an Investment Management and Quantitative Finance focus. The program emphasizes business foundations, focusing on market analysis and financial decision-making. Students collaborate on real-world projects that require critical thinking, creative problem solving, and strategic planning. The highly competitive program admits students based on prior academic record, professional experience, test scores, essays, and recommendations.

Online and Hybrid Programs

Bridgewater state university.

Bridgewater State University (BSU) offers an online option for students seeking careers in banking, financial planning, and investments. The Bachelor of Science (BS) in Finance is designed to develop students’ problem-solving and critical thinking skills while making decisions based on ethics and good business. The program emphasizes business communication skills and teamwork in a variety of business and financial settings. Students gain Bloomberg certification as part of their coursework which includes Fundamentals of Financial Reporting; Real Estate Investment and Finance; and Statistics for Economics and Business. The Boston Chartered Property Casualty Underwriters (CPCU) chapter and other professional organizations maintain close ties to the program, providing mentorship opportunities for students. A minimum grade of “C-” is required in all courses in the 120-hour program. A graduate Certificate in Finance is also available.

Gordon College

Gordon College’s Master of Science in Financial Analysis (MSFA) is a STEM-designated program designed to prepare students for the Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and Certified Management Accountant (CMA) certifications. Almost all of the coursework is completed online except for an intensive, interactive in-person two-week Summer Residency that offers networking opportunities. The flexible 36-credit hour degree can be earned in one or two years, depending on part-time or full-time status. Prerequisite online learning modules must be completed prior to starting the program. Course titles include Equity Analysis, Corporate Finance, and Alternative Investments. Gordon College, located north of Boston, also offers a Bachelor of Arts (BA) in Finance program.

University of Massachusetts Amherst

At the University of Massachusetts Amherst’s Isenberg School of Management, financial professionals looking to further their careers can earn a Master of Business Administration (MBA) online. Online students study the same comprehensive curriculum as on-campus students but are able to complete their degree on a flexible schedule, potentially without taking time off from their full-time jobs. The MBA curriculum is based on general business principles and includes finance elective courses, and students can pursue specialized degrees with focuses such as Finance, Business Analytics, and Marketing. This highly adaptable finance master’s degree can be earned completely online or students can take some courses in-person at the Boston, Shrewsbury, or Springfield campuses. Graduates work in careers such as investment banking, corporate finance, and venture capital.

Massachusetts, the most populous state in the New England region, is home to several large investment companies, like Putnam Investments and MFS Investment Management, as well as banks like State Street Bank and Eastern Bank. The Boston metropolitan area is the financial, business, and entrepreneurial center of the state; many companies, including Fidelity Investments, have headquarters in this area. Graduates with finance master’s degrees may find opportunities in Boston’s entrepreneurial start-ups, biotechnology companies, or information technology corporations. With a diverse and growing economy, Massachusetts offers many possible positions in the financial field.

Massachusetts is one of the country’s hubs for finance jobs. Financial examiners in Massachusetts earn an average of $122,000 per year, well above the national average of $92,330. 8 In fact, Massachusetts is the second highest-paying state for this occupation in the nation. 8,9 With estimated job growth of 3.2%, financial analyst positions in Massachusetts are expected to grow at a rate slightly slower than the national projected average of 6.2% through 2028, but with 18,130 positions in this field, the state has the fourth-highest employment rate of financial analysts in the country. 10,11 Massachusetts also has a high concentration of personal financial advisors, who make an annual mean wage of $137,050 in the state, significantly higher than the national average of $119,290. 12 The Massachusetts nonmetropolitan area also averages the highest salaries for personal financial advisor positions in the country, with personal financial advisors here earning an average of $168,880 annually. 12

Massachusetts Finance Salary Information

OccupationNumber Employed Average Salary
Business and Financial Operations Occupations220,430$87,880
Financial and Investment Analysts and Other Specialists18,130$102,610
Financial Examiners950$122,000
Financial Managers33,520$153,650
Loan Officers5,490$91,460
Personal Financial Advisors7,960$137,050
  • Financial Planning Association of New England (FPANE) : Local chapter of FPA advocating for the value of financial planning, providing networking, education events, and group philanthropic activities.
  • Financial Executives International-Boston (FEI) : Professional organization for senior and mid-level corporate financial managers that provides opportunities to network across industries, as well as educational professional development programs.

References: 1. National Center for Education Statistics College Navigator: https://nces.ed.gov/collegenavigator/ 2. Forbes Best Business Schools 2019: https://www.forbes.com/business-schools/list/ 3. The Princeton Review. The Best 382 Colleges, 2020 Edition. The Princeton Review, 2019. 4. US News & World Report Best Undergraduate Finance Schools 2021: https://www.usnews.com/best-colleges/rankings/business-finance 5. US News & World Report Best Graduate Finance Schools 2021: https://www.usnews.com/best-graduate-schools/top-business-schools/finance-rankings 6. US News & World Report Best Business Schools 2021: https://www.usnews.com/best-graduate-schools/top-business-schools 7. Georgetown University Center on Education and the Workforce, Ranking ROI of 4,500 US Colleges and Universities: https://cew.georgetown.edu/cew-reports/CollegeROI/ 8. Bureau of Labor Statistics Occupational Employment Statistics, State Occupational Employment and Wage Estimates, Massachusetts: https://www.bls.gov/oes/current/oes_ma.htm 9. Bureau of Labor Statistics Occupational Employment and Wages, Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm 10. Projections Central Long Term Occupational Projections: https://projectionscentral.org/projections/longterm 11. Bureau of Labor Statistics Occupational Employment and Wages, Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other: https://www.bls.gov/oes/2019/may/oes132098.htm 12. Bureau of Labor Statistics Occupational Employment and Wages, Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm

Boston College Bachelor’s in Finance

Featured programs, how much does a bachelor’s in finance from boston college cost, boston college undergraduate tuition and fees.

In StateOut of State
Tuition$59,050$59,050
Fees$1,152$1,152
Books and Supplies$1,250$1,250
On Campus Room and Board$15,220$15,220
On Campus Other Expenses$1,900$1,900

Related Programs

Does boston college offer an online bachelor’s in finance, boston college bachelor’s student diversity for finance, male-to-female ratio.

Of the students who received their bachelor’s degree in finance in 2019-2020, 30.8% of them were women. This is in the same ballpark of the nationwide number of 29.0%.

Racial-Ethnic Diversity

Racial-ethnic minority graduates* made up 28.8% of the finance bachelor’s degrees at Boston College in 2019-2020. This is higher than the nationwide number of 26%.

Race/EthnicityNumber of Students
Asian41
Black or African American7
Hispanic or Latino36
Native American or Alaska Native0
Native Hawaiian or Pacific Islander0
White214
International Students15
Other Races/Ethnicities31

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COMMENTS

  1. Ph.D. in Finance

    The examination consists of two steps. Step 1: Students take an exam at the end of the second year in the program (late May). The exam covers all Finance Ph.D. classes taken during the first and the second year in the program. Whereas some of the questions will be specific and will test a particular topic, other questions will focus on broader ...

  2. Ph.D. Programs

    Are you interested in pursuing a Ph.D. in management at one of the top-ranked schools in the country? The Carroll School of Management at Boston College offers Ph.D. programs in finance, accounting, organization studies, and operations management. You will benefit from an intimate setting, rigorous preparation, innovative research, and access to preeminent faculty. Learn more about our Ph.D ...

  3. Finance

    The Finance Department requires that Financial Accounting (ACCT1021) and Fundamentals of Finance (formerly Basic Finance) (MFIN1021) be taken at Boston College as prerequisites for any finance elective prior to going abroad. All required finance concentration core courses must be taken in the Carroll School only.

  4. Xiang Li

    Xiang Li is a PhD candidate at the Carroll School of Management at Boston College. Xiang's research focuses on the potential benefits of finance for households. Specifically, he examines the impact of market competition and disclosure on diversity and inclusion from various perspectives, including entrepreneurship and consumer lending markets ...

  5. Boston College Doctorate in Finance

    Boston College Graduate Tuition and Fees. Part-time graduates at Boston College paid an average of $1,768 per credit hour in 2019-2020. This tuition was the same for both in-state and out-of-state students. Information about average full-time graduate student tuition and fees is shown in the table below. In State. Out of State. Tuition. $31,824 ...

  6. Ph.D. Program in Finance, Carroll School of Management

    The PhD program in Finance at Boston College is internationally known for a rigorous curriculum that combines theory with applied research and pedagogy. Graduates of the program are leaders in the ...

  7. PhD in Finance at Carroll School of Management, Boston College

    Program Finder. PhD / Doctoral Programs. Boston College, Carroll School of Management. PhD in Finance.

  8. PhD Program

    Questrom is ranked #30 in the 2023 UT-Dallas Top 100 Business Schools Research Rankings in North America. Our PhD scholars are committed to conducting research that uncovers valuable findings that will make an impact in our world. Boston University is a member of the Association of American Universities (AAU), one of a select group of 62 ...

  9. Boston College Master's in Finance

    Find out more about the Boston College Master's in Finance program. Cost, average salary of graduates. average debt loads, and more. ... In 2019-2020, the average part-time graduate tuition at Boston College was $1,768 per credit hour for both in-state and out-of-state students. Information about average full-time graduate student tuition and ...

  10. Business Administration PhD

    UMass Boston's Business Administration PhD - Finance track is a full-time, in-residence program lasting 4 to 5 years. The program prepares students to be academic researchers, tenure-track professors, or for careers in government organizations and the private sector. ... The program is part of the AACSB-accredited College of Management at UMass ...

  11. Finance, Ph.D.

    The Ph.D. program in Finance at Boston College is internationally known for a rigorous curriculum that combines theory with applied research and pedagogy. Boston College. Newton , Massachusetts , United States. Top 3% worldwide.

  12. Ph.D. in Accounting

    Accounting Ph.D. students complete a program of study that begins with coursework in accounting, quantitative methods, economics, and finance. Through seminar courses, you will become fluent on the existing state of research literature, appropriate research methods, and proper management of the publication process.

  13. The Finance Major at Boston College

    Salary of Finance Graduates with a Bachelor's Degree. Finance majors who earn their bachelor's degree from Boston College go on to jobs where they make a median salary of $74,320 a year. This is higher than $48,896, which is the national median for all finance bachelor's degree recipients.

  14. The 10 Best PhD Programs in Finance

    The University of Illinois at Urbana-Champaign, Gies College of Business. PhD in Finance. The University of Illinois at Urbana Champaign is one of the best places for studying and conducting research in finance. Its finance research faculty was ranked #4 in the UTD Top 100 Business School Research Rankings between 2016-2019.

  15. PhD Funding

    Stipend level minimums vary by PhD program, but for the 2024-25 academic year, minimums will range from $27,318 for 8 months to $40,977 for 12 months. Students receive health insurance (the SHIP basic plan) through Aetna Student Health. Full tuition and student services fees are also covered for PhD students on the Charles River campus.

  16. Boston, MA's 12 best Finance schools [2024 Rankings]

    5. University of Massachusetts - Boston. For Finance. # 12 in Massachusetts. # 161 in the United States. Acceptance Rate. 81%. Average SAT. 1190.

  17. Graduate Programs

    Our globally acclaimed graduate programs prepare students for life after the Carroll School—for successful careers as influential managers, inspirational leaders, and innovative academics. ... Financial Times Ranking, 2022. 3. ... Carroll School of Management Fulton Hall Boston College 140 Commonwealth Avenue Chestnut Hill, MA 02467-3809.

  18. Online Financial Management Graduate Certificate

    9. The online Graduate Certificate in Financial Management at Boston University's Metropolitan College is designed to provide leaders and managers throughout an organization with essential skills for making intelligent business decisions. By taking the required courses for the certificate, students will receive a strong foundation in ...

  19. Boston College PhD in Financial Mathematics

    Financial Mathematics is a concentration offered under the applied mathematics major at Boston College. We've pulled together some essential information you should know about the doctor's degree program in financial math, including how many students graduate each year, the ethnic diversity of these students, whether or not the degree is offered online, and more.

  20. M.S. in Finance

    Boston College's Master of Science in Finance (MSF) Quantitative Finance Track is a STEM (science, technology, engineering and math) designated program. This classification allows international MSF graduates on an F-1 visa to potentially qualify for an additional 24 months of training in their field of study (called Optional Practical ...

  21. Finance Programs and Careers in Massachusetts

    There are 38 colleges and universities with finance degree programs in Massachusetts. 1. 8 schools offer a certificate in finance. 1. 1 school offers an associate's degree in finance. 1. 32 schools offer a bachelor's degree in finance. 1. 18 schools offer a master's or advanced degree in finance. 1. 3 schools ranked in Forbes' Best ...

  22. The Finance Major at Boston College

    Boston College Finance Bachelor's Program. During the 2020-2021 academic year, 348 finance majors earned their bachelor's degree from Boston College. Of these graduates, 73% were men and 27% were women. The majority of the students with this major are white. About 67% of 2021 graduates were in this category.

  23. Assistant Coach, Baseball in Belton, TX for University of Mary Hardin

    Assistant Coach, Baseball ID: 1894 Department: Athletics Type: Full-time Staff Post Date: 06/19/2024 Position Available Date: 06/26/2024 Description Responsibilities: Assists in the design, implementation and evaluation of the baseball program.Performs all related administrative duties as assigned, to include recruiting, travel, resource management and media communications.

  24. Boston College Bachelor's in Finance

    Boston College Bachelor's Student Diversity for Finance. 344 Bachelor's Degrees Awarded. 30.8% Women. 28.8% Racial-Ethnic Minorities*. There were 344 bachelor's degrees in finance awarded during the 2019-2020 academic year. Information about those students is shown below.