Wondering if pursuing an online master’s in finance from Georgetown University is the right move for advancing your career? This guide has everything you need to know about Georgetown’s highly prestigious program, from admissions requirements and curriculum details to financing options and career outcomes.
Why Pursue an Online Master in Finance?
Before diving into specifics about Georgetown’s program, it’s important to understand the benefits of obtaining a graduate degree in finance. A master’s can significantly boost your career prospects and earning potential in several ways:
- Advanced technical and analytical skills. Coursework delves deeper into areas like investments, financial modeling, quantitative analysis, and risk management. This enhances your abilities to solve complex financial problems and make data-driven decisions.
- Broader knowledge of the finance industry. You’ll gain a holistic understanding of different specializations like corporate finance, investments, fintech, and more. This positions you to take on leadership roles that require knowing the big picture.
- Credibility and qualifications. Employers recognize that a master demonstrates advanced competence. It shows a commitment to continuing education that makes you stand out from bachelor’s-level candidates.
- Higher salaries. On average, master’s graduates in finance earn 15-30% more over their careers compared to those with only a bachelor’s. Some roles either require or strongly prefer a graduate degree.
- Flexibility. An online program allows you to earn the degree while continuing to work, minimizing disruption to your career or income. The flexibility also opens up more options geographically.
For working professionals looking to climb the ladder or switch specializations, a graduate-level finance education from a top school like Georgetown can be hugely beneficial. Now, let’s explore what Georgetown’s online master’s program specifically offers.
An Overview of Georgetown’s Online Masters in Finance
Rankings and Reputation
As one of the most prestigious universities in the world, Georgetown is consistently ranked among the top 5 finance graduate programs by publications like US News & World Report. This level of name recognition and alumni network opens many doors.
Format and Duration
The online master’s in finance from Georgetown’s McDonough School of Business is delivered entirely online. Students can complete the degree full-time in 16 months or part-time in 2-3 years. Courses are asynchronous and self-paced within given semester windows.
The 30-credit program features core courses in finance theory, investments, corporate finance, financial modeling, analytics, and risk management. Students also pick electives in areas like machine learning/AI, fintech, and sustainable finance. A capstone project or thesis is required.
Applicants typically need:
- A bachelor’s degree in any major from an accredited university
- three years of professional work experience
- GMAT or GRE exam scores
- TOEFL exam for international applicants
- Strong letters of recommendation
- Personal statement highlighting goals and qualifications
- Transcripts showing strong academic history
Admission is competitive, so a high GPA, GMAT/GRE scores in the 70th percentile or above, and relevant work experience are recommended.
Tuition and Fees
For the 2023-2024 academic year, tuition is $26,800 for the full 30-credit program. Additional fees apply, and total costs will be around $35,000-$40,000, including books and other expenses. Some scholarships and employer reimbursement programs may help offset costs.
So, in summary, Georgetown’s online finance masters offer a top-ranked education delivered fully online from one of the world’s most prestigious institutions. Now we’ll examine the step-by-step admissions process.
Applying to Georgetown’s Online Masters in Finance Program
Here are the key steps and timeline for applying:
Summer/Fall: Research programs and credentials required for your target career path. Reach out to Georgetown admissions for details.
September-October: Register for the GMAT/GRE, aiming to take the exam by October/November for priority deadlines.
October-November: Request letters of recommendation from relevant professors or managers.
November-December: Write a compelling personal statement relating your background to program goals.
December-January: Assemble all application materials like transcripts, resumes, and exam scores. Submit the application by the early January priority deadline.
January-March: Participate in interviews if invited. Monitor the applicant portal for the next steps.
March-April: Decision notifications sent on a rolling basis. Accept the offer by the deposit deadline if admitted.
May-August: Complete financial aid/loan applications. Enroll in the first courses in the late summer term.
It’s crucial to plan ahead, address all application components thoroughly, and meet deadlines. The admissions committee holistically evaluates your academic/career history as well as your character and fit with Georgetown’s culture. Strong attention to detail maximizes chances of acceptance.
Academic Experience and Coursework
Once enrolled, you’ll gain valuable insights into advanced finance topics through interactive and engaging online classes. Let’s look at some examples:
Corporate Financial Management
This core class analyzes how firms make investment and financing decisions. Lectures cover budgeting, capital structure, dividend policy, and working capital management. Students complete intensive case studies applying financial theories to real business challenges.
Data Analytics and Modeling for Finance
An elective focusing on quantitative skills highly valuable in finance roles. You’ll learn advanced Excel, R, and Python skills to clean, analyze, visualize, and model large datasets. Applications explore forecasting stock trends, credit risk assessment, portfolio optimization, and more.
Fintech and Digital Transformation
This class immerses you in emerging technologies reshaping the industry, such as AI, blockchain, robo-advising, and cryptocurrency. lectures are supplemented by guest speakers from innovative startups. A project emphasizes designing an original fintech solution or prototype.
Sustainable Finance and ESG Investing
As socially responsible investing gains traction, this elective equips you with tools and frameworks for incorporating environmental, social, and governance factors into decisions. Discussions cover measuring sustainability performance, impact reporting standards, and innovating for sustainable development goals.
With real-world cases, analytics projects, and flexibility to focus areas of interest, Georgetown’s curriculum delivers a highly practical yet rigorous finance education. Adjunct industry experts further enrich the learning experience.
Career Outcomes and Networking Opportunities
Georgetown’s esteemed alumni network, spanning top finance firms is incredibly valuable for landing top opportunities. Some key benefits include:
- Access to alumni working at hundreds of employers recruiting on campus like JPMorgan Chase, BlackRock, Goldman Sachs, and more.
- Exclusive career fairs and employer information sessions hosted by the career center.
- Alumni mentoring and internship/job shadowing opportunities.
Graduates have gone on to succeed in a wide variety of roles such as:
- Investment banking analyst/associate
- Equity research analyst
- Corporate financial analyst,
- Portfolio/fund manager
- Management consulting associate
- FinTech product manager,
- Treasury analyst,
- Risk management analyst
Many acquire positions with six-figure starting salaries, often increasing earning potential by 30-50% compared to entering directly with a bachelor’s. The prestigious degree also opens doors internationally through Georgetown’s global network.
Financing Your Education
With costs totaling around $35,000-$40,000, financing options are important to understand. Here are some of the most common ways to fund an online master’s in finance:
Employer Tuition Assistance – Many large companies provide reimbursement benefits up to $5,000-$10,000 annually.
Scholarships – Georgetown offers some internal awards, like the Dean’s Scholarship, up to $5,000. External sources also exist.
Federal Loans – You may borrow up to $20,500/year in direct unsubsidized loans from the Department of Education at competitive rates.
Private Loans – Private lenders offer variable-rate loans for graduate students. Rates tend to be higher than federal loans.
Income Share Agreement – Some programs allow financing based on a percentage of future income for a set time period.
Installment Payment Plan – Georgetown allows splitting tuition into interest-free monthly payments.
With strategic planning and responsible borrowing, you can likely cover costs through a combination of the above options. Carefully weigh investment costs against substantial expected career outcomes and lifetime earnings boost.