Finance Schools in Massachusetts
For those interested in a master’s in finance degree in Massachusetts, this guide provides information about programs and opportunities there. Potential students will find many different finance degree options in Massachusetts, from Masters of Business Administration (MBAs) to master’s in finance programs. Some schools also offer part-time programs, evening and weekend classes, or fully online finance degrees. Graduates with advanced degrees in finance can find growing financial industry opportunities in the state of Massachusetts, from positions as financial analysts to investment managers. The information below offers details on master of finance programs and career prospects in Massachusetts.
Finance Program Stats
- There are 27 four-year not-for-profit colleges and universities with finance degree programs in Massachusetts.1
- 13 schools offer a master’s or advanced degree in finance.1
- Highest graduation rate*: Harvard University 97%.1
- Highest transfer-out rate*: Lasell College 42%.1
- Highest net price per year*: Hult International Business School $41,841.1
- Lowest net price per year*: University of Massachusetts-Boston $11,966.1
- Annual undergraduate tuition range for finance programs in Massachusetts*: $9,340 – $51,296.1
- 6 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: Bentley University (#10), Northeastern University D’Amore-McKim School of Business (#22), University of Massachusetts-Amherst Isenberg School of Management (#33), Stonehill College (#73), Worcester Polytechnic Institute Foisie Business School (#94), Hult International Business School (#114) 2
- 7 schools in the US News Best Business Graduate Schools in 2017 (top 100): Harvard University (#1), Massachusetts Institute of Technology Sloan School of Management (#4), Boston College Carroll School of Management (#44), Boston University Questrom School of Business (#44) Northeastern University D’Amore-McKim School of Business (#54), University of Massachusetts-Amherst Isenberg School of Management (#57), Babson College F.W. Olin Graduate School of Business (#69) 3
*For not-for-profit 4-year colleges and universities that offer a finance degree program.
Schools in Massachusetts with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
Massachusetts Institute of Technology
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. Students can complete the program in 12 or 18 months, and graduates can find opportunities in asset management, consulting companies, corporate banks, and treasury and finance departments.
The Master of Business Administration (MBA) program at Suffolk University in Boston focuses on real-world business knowledge. Students have the option to concentrate in different subjects, such as finance, accounting, and international business. The downtown Boston campus is located near the city’s 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. For Certified Public Accountants, some courses may be waived and accelerated program options are available. The Suffolk University North Campus in Lawrence, Massachusetts, offers the same MBA program on a full- or part-time basis, and the degree is also possible to complete online.
University of Massachusetts Boston
The University of Massachusetts in Boston 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 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 University of Massachusetts also offers a Master of Business Administration (MBA).
Online Master’s in Finance Programs
University of Massachusetts Amherst
At the University of Massachusetts Amherst’s Isenberg School of Management, financial professionals looking to further their career can earn their 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 without taking time off from their full-time job. 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 finance master’s degree can be completed 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.
The Master of Business Administration (MBA) at Lasell College can be completed fully online in 12 to 24 months. To apply for this 36-credit-hour program, students need to have a minimum of two years of professional work experience. The Lasell program is aimed at those looking to move up in a company or further their career in business. The curriculum covers a wide range of topics, including organizational development, leadership practices, quantitative analysis, and financial strategies. Online students can remotely access on-campus career counseling and academic advising. Class sizes are small and capped at 23 students per class. GMAT and GRE test scores are not required for admission.
Massachusetts Career Opportunities for Graduates
Massachusetts, the most populous state in the New England region, provides many opportunities for graduates with master’s degrees in finance. The Boston metropolitan area is the financial, business, and entrepreneurial center of the state. Investment companies like Putnam Investments and MFS Investment Management are headquartered in Massachusetts, as well as banks like State Street Bank and Eastern Bank. Fidelity Investments, the large mutual fund company, also has headquarters in the financial district of Boston. 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 Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||198,540||$83,500|
|Financial Specialists, All Other||2,800||$93,640|
|Personal Financial Advisors||6,520||$102,580|
Data from the Bureau of Labor Statistics as of 2017.4
Massachusetts Salary and Job Outlook
Massachusetts is one of the country’s hubs for finance jobs. Financial examiners in Massachusetts earn $100,880, the fourth highest mean annual wage in the country (compared to national average of $88,940).4,6 Financial analyst positions in Massachusetts are growing slightly slower than the national average of 11.7%, but Massachusetts, with 13,700 positions, has the fifth highest employment of financial analysts in the country.5, 7 Massachusetts also has a high concentration of personal financial advisors, who make an annual mean wage of $102,580.8,4 The Boston metropolitan area employs the highest number of personal financial advisor positions, at 5,640 current positions.8
- Financial Planning Association of Massachusetts (FPAMA) – Local chapter of FPA advocating for the value of financial planning. Members network, attend education events, and participate in group philanthropic activities.
- Financial Executives International-Boston (FEI) – Professional organization for senior and mid-level corporate financial managers. The FEI provides opportunities to network across industries, as well as educational professional development opportunities.
- Society of Financial Service Professionals, Boston Chapter (FSP) – Society of professionals in the financial services sector. Members work in varied industries such as real estate, financial planning, and insurance.
Directory of Massachusetts Master’s in Finance Programs
175 Forest St
Waltham, MA 02452
140 Commonwealth Ave
Chestnut Hill, MA 02467
One Silber Way
Boston, MA 02215
415 South St
Waltham, MA 02453
950 Main St
Worcester, MA 01610
Cambridge, MA 02138
Hult International Business School
1 Education St
Cambridge, MA 02141
129 Center Rd
Dudley, MA 01571
360 Huntington Ave
Boston, MA 02115
8 Ashburton Pl
Boston, MA 02108
University of Massachusetts-Boston
100 William T Morrissey Blvd
Boston, MA 02125
University of Massachusetts-Dartmouth
285 Old Westport Rd
Dartmouth, MA 02747
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. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016 State Occupational Employment and Wage Estimates, Massachusetts: https://www.bls.gov/oes/current/oes_ma.htm
5. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm
7. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Analysts: https://www.bls.gov/oes/current/oes132051.htm
8. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm