Finance Schools in Indiana
This guide is designed to provide information on financially focused advanced degrees in the state of Indiana. The finance schools in Indiana offer flexible options for students in any situation. For example, Indiana University and Ball State University offer fully online finance degrees, which may be ideal for working students seeking advanced degrees. Other programs, such as the master’s in finance at the University of Notre Dame, can be completed in as little as one year, for students who need to fast-track their degree. Other programs give students the option of completing a Master of Business Administration (MBA) with a finance concentration or as a dual degree. Whether you are a new business student looking to switch career paths or an experienced finance professional, there is a program available to help you achieve your goals.
Finance Program Stats
- There are 20 four-year not-for-profit colleges and universities with finance degree programs in Indiana.1
- 5 schools offer a master’s or advanced degree in finance.1
- Highest graduation rate*: University of Notre Dame 95%.1
- Highest transfer-out rate*: University of Southern Indiana 38%.1
- Highest net price per year*: Butler University $33,290.1
- Lowest net price per year*: Vincennes University $9,922.1
- Annual undergraduate tuition range for finance programs in Indiana*: $5,575–$49,685.1
- 4 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: University of Notre Dame Mendoza College of Business (#2), Indiana University Kelley School of Business (#4), Purdue University Krannert School of Management (#57), Butler University Lacy School of Business (#68).2
- 3 schools in the US News Best Business Graduate Schools in 2017 (top 100): Indiana University Kelley School of Business (#21), University of Notre Dame Mendoza College of Business (#29), Purdue University Krannert School of Management (#50).3
*For 4-year not-for-profit colleges and universities that offer a finance degree program.
Schools in Indiana with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
University of Notre Dame
The Mendoza College of Business at University of Notre Dame offers a master’s of finance that can be completed in one year. This 35-credit finance degree is designed for working professionals looking to boost their careers in the financial sector. Notre Dame’s finance master’s features three week-long intensive courses as well as some classes on alternating weekends. Course titles include Corporate Finance, Mergers and Acquisitions, Risk Management, and Strategic Finance. To apply, prospective students must be actively employed with an employment history of at least two years. An undergraduate degree in finance is not required. All admitted students are considered for a merit-based fellowship. Notre Dame also offers career services specifically designed for those in the finance master’s program. This includes learning forums for Mendoza College of Business alumni and students that take place four times a year. This finance school also offers one-on-one career counseling, career mastery coaching, and other on-campus networking opportunities.
Indiana University Southeast
Indiana University Southeast offers a Master of Science in Strategic Finance (MSSF) that is AACSB accredited. This finance degree is designed to help students advance their careers in the financial sector, with a focus on investment management, international financial management, and project management. Students also have the option to complete this finance degree while simultaneously pursuing a Master of Business Administration. This finance master’s requires 21 credits of core classes and nine credits of electives. Course titles include Financial Statement Analysis, Business Analysis and Valuation, Advanced Corporate Finance, and Investment Management. Applications are accepted in June, October, and March. An undergraduate degree from an accredited university is required, as well as GMAT scores. Indiana University Southeast offers a variety of professional development services and events for students, including panel discussions from leading financial and business professionals, lecture series, and management development programs.
Valparaiso Universityoffers a 37-credit Master of Science in International Economics and Finance (IEF) which can be completed in as little 18 months. This finance program is designed for students interested in expanding their knowledge in both finance and global business. The program is divided into four areas of focus: economic theory, advanced statistical analysis, mathematics requirements, and finance theory. An additional 12 elective credits are also required. Course titles include International Monetary Economics, Applied Econometrics, Game Theory, and Financial Management. Electives can be taken in Business Law, International Commerce and Trade Law, and International Business Transactions. While an undergraduate degree from an accredited university is required, GMAT scores are not necessary for admission. Valparaiso University holds career development events, such as career fairs and on-campus interviews. Students can also join the Financial Management Association, which provides networking opportunities and job search assistance.
Online Master’s in Finance Programs
Indiana University’s Kelley School of Business offers a 30-credit master’s of finance degree that can be completed in as little as 15 months and almost fully-online. The first course, Finance Valuation, is the only in-residence course and is designed to give students an overview of the program and an opportunity to meet and network with classmates. All other courses in the program are completed entirely online. Course titles include Managing Accounting Information for Decision Making, Valuation and Capital Investment, and Asset Pricing and Security Valuation. Students have the option to pursue an MBA at the same time with Indiana University’s dual-degree program. Applications are accepted in July for admittance to the fall semester. GMAT or GRE scores are required, as well as an undergraduate degree from an accredited university. Kelley School of Business offers career management services catered directly to business and finance students, giving students access to job-search resources, alumni networking, and personal career coaching.
Ball State University
Ball State University offers a Master of Business Administration (MBA) with a Finance concentration that can be completed online, on-campus, or through a hybrid program. This AACSB-accredited program is open to both students with a business background and without. 24 credits of core courses and six to nine credits of electives are required to complete the degree. Students without an undergraduate degree in business may need to complete prerequisite coursework. Course titles include Statistics and Quantitative Methods, Managerial Finance, Investment Management, and Global Financial Policy. Classes can be taken either part-time or full-time. Students may start in the fall, spring, or summer semester, and GMAT or GRE scores are required to apply. A limited number of graduate assistantships are available for both domestic and international MBA students.
Indiana Career Opportunities for Graduates
Financial jobs are consistently on the rise in the state of Indiana, making it a great location for recent graduates. Indianapolis is home to many large corporations, including the two largest in the state, Anthem, a health insurance company, and the pharmaceutical company Eli Lilly and Company. Other large corporations throughout the state include Steel Dynamics in Fort Wayne, Berry Plastics Corporation in Evansville, and Zimmer Holdings in Warsaw. Indiana is also home to major financial institutions, such as CNO Financial Group in Carmel, Old National Bank in Evansville, First Financial Corporation in Terre Haute, and MainSource Financial Group in Greensburg. These and other large organizations are spread throughout the state, allowing recent finance school graduates to choose from a variety of locations for possible job prospects.
Indiana Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||118,250||$62,880|
|Financial Specialists, All Other||2,060||$68,800|
|Personal Financial Advisors||3,900||$104,710|
Data from the Bureau of Labor Statistics as of 2017.4
Indiana Salary and Job Outlook
According to the Bureau of Labor Statistics’ Projections Central, financial jobs are steadily growing in Indiana.4 Financial analysts positions are expected to grow by 8.2% and financial clerks by 8.9% over the 10-year period between 2014 and 2024.4 Projected growth of financial managers positions exceed the national average, with projections at 9.3% for Indiana and 6.8% nationally.4 Most notably, financial examiners are expected to grow rapidly in Indiana at a projected rate of 16.5%, nearly double the national average of 9.7%.4 Salaries, however, are consistently below the national average. Financial analysts in Indiana, for example, make on average $74,530, with the national average being $97,640.5,6 Financial examiners’ salaries are also below the national average, earning an average of $81,440 in Indiana as compared to $88,940 nationally.5,7
- Association for Financial Professionals of Indiana (AFP-IN) – Association dedicated to the advancement of the treasury profession through networking and skills building programs.
- Association for Corporate Growth – Indiana (ACG) – Association with mission to drive middle-market growth by assisting investors, executives, lenders, and advisors.
- AIM Indiana – Organization that provides education and networking opportunities to appointed financial officers of Indianapolis and other cities in Indiana.
Directory of Indiana Master’s in Finance Programs
1100 E 5th St
Anderson, IN 46012
Indiana University-Purdue University Indianapolis
420 University Blvd
Indianapolis, IN 46202
4201 Grant Line Rd
New Albany, IN 47150
University of Notre Dame
Notre Dame, IN 46556
1700 Chapel Dr
Valparaiso, IN 46383
1. National Center for Education Statistics (NCES): https://nces.ed.gov/collegenavigator/
2. Bloomberg, Best Undergraduate Business Schools 2016: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
3. US News & World Report, Best Business Schools in 2017: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
4. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
5. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016 State Occupational Employment and Wage Estimates, Indiana: https://www.bls.gov/oes/current/oes_in.htm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016 13-2051 Financial Analysts: https://www.bls.gov/oes/current/oes132051.htm
7. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016 13-2061 Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm