Pennsylvania State University

World Campus

Master of Finance



Program Information

Degrees Offered:

Master of Finance

Format: Online

Program Description:

Penn State’s Master of Finance degree delivered online through Penn State World Campus gives you a well-rounded understanding of finance by covering practical business applications that you can use to manage current financial challenges, as well as advanced financial theory that can provide you with the tools you need to address future trends. This well-respected graduate degree program is AACSB–accredited and can also help to prepare you for various professional certifications, such as the Chartered Financial Analyst ® (CFA®).

The curriculum in the 30-credit Master of Finance program reflects a balanced combination of practical business application and advanced financial theory so that you are able to not only apply what you’re learning to your current role; you can also gain the theoretical knowledge you need to address future challenges in the ever-changing financial marketplace.

As a student in the program, you can learn:
•    financial modeling, including capital budgeting, basic statistics, and forecasting
•    financial accounting and the principles underlying financial accounting and use of accounting information for decision making
•    advanced topics involving strategic financial decisions, including capital structure and cost of capital, valuation, and corporate control
•    multinational financial management for companies subject to foreign exchange risk exposure and different tax regulations in foreign countries
•    financial derivative securities covering options, forwards, futures, and OTC derivatives

The Benefits of a Cohort Model
Penn State’s online master’s degree program in finance uses a cohort model in which all students in the cohort begin the program at the same time and progress through the courses together. The cohort model facilitates collaborative teamwork so that you can build relationships and network with other high-caliber individuals in the program, even while learning at a distance. It also allows the program course content to be integrated across courses so that you can learn to address the same financial scenarios from multiple perspectives.

One of the most unique aspects of the Penn State online Master of Finance degree program is the on-campus residency. In this interactive residency, you will work closely with the program faculty to receive hands-on model-building experience, using a complex simulation tool. You will analyze a range of possible financial risk outcomes and the probabilities that they will occur for any choice of action. These financial modeling tools will be used as an integral part of subsequent courses in the Master of Finance program, and you can benefit greatly from performing these simulations in a live-group format.
The residency experience also allows you to meet face-to-face with your peers for the first time after completing the first four courses together in a virtual environment. The interactions and group assignments during the residency allow you to better network with your fellow classmates to learn from each others’ experiences and areas of expertise.

The faculty members who teach in the Master of Finance are the same respected faculty who teach in the Penn State resident Master of Finance program. They represent a mix of academic scholars and business professionals. The full-time professors all hold doctoral degrees and have professional experience in corporations, nonprofits, or as entrepreneurs. Adjunct professors from corporate and entrepreneurial ventures supplement fundamental management theories with current marketplace experience.

Who Should Apply
This program is designed for individuals with career interests as financial professionals in financial management, or investment management, who have completed some course work in business statistics, financial management/corporate finance, and microeconomics.

Career Opportunities for Graduates
Because the Penn State online Master of Finance degree can give you a balanced perspective of all areas of finance, it can help you prepare for positions such as:
•    asset/wealth management, private equity
•    investment banking or commercial lending
•    financial model builders
•    financial analyst
•    mutual fund managers, portfolio managers
•    financial planners
•    financial risk management
•    corporate finance


Penn State's online graduate business programs are consistently recognized by U.S. News & World Report, earning a top-10 position on the 2019 list of best online graduate business programs. 


The Master of Finance program is AACSB accredited.

International Student Requirements:

Education — A copy of an official transcript from each institution attended, regardless of the number of credits or semesters completed. Transcripts not in English must be accompanied by a certified translation. Penn State alumni do not need to request transcripts for credits earned at Penn State, but must list Penn State as part of your academic history. Upon admission and your acceptance of admission, you will be asked to send an additional official transcript. You will receive instructions at that time. GPA & Test Scores — Postsecondary (undergraduate), junior/senior (last two years) GPA is required. Official GMAT or GRE scores from within the past five years are required. Preferred applicants will have a GMAT score (or GRE equivalent) of 500 or better. Applicants may request a waiver if they meet one of the following criteria: must have a 3.3 GPA or better from an undergraduate or graduate school with an AACSB-accredited business program, and have an average of B+ or better in quantitative courses such as math, economics, statistics, accounting, and finance hold an MBA from an AACSB-accredited program hold one or more professional certifications including a CPA, CFA, CMA, FRM, or doctoral degree (e.g. Ph.D., MD, DO, or JD)

Facts & Figures

Financial Aid: Yes

International Financial Aid: Yes

# of Credits Required: 30

Average Cost per Credit (Graduate): $1,025 USD

Classification: Master's College or University I

Locale: Small City

Size & Settings: 40,000+

Find Schools