Getting an Online Finance Degree in Florida in 2024

As the world becomes more digitized, getting an education online has become far more accessible and practical for many students. Those interested in chasing a career in finance now have the option to earn an accredited online finance degree from the comfort of their own home in Florida. 

Benefits of an Online Finance Degree

Perhaps the biggest advantage of an online finance degree is the increased flexibility it provides students. With an online program, you can study part-time while working or manage other responsibilities like family obligations. There is no need to commute to a physical campus or relocate – you can attend live lectures and complete coursework according to your own schedule from anywhere with an internet connection. Many people prefer online learning as it allows them to maintain a better work-life balance.

Online finance students also benefit from smaller class sizes compared to traditional brick-and-mortar programs. This facilitates more meaningful interaction with professors and enables access to individualized support. Video conferencing tools enable face-to-face communication with instructors and peers. Asynchronous course components provide flexibility to complete assignments at your own pace.

The skills taught in online finance degree programs are directly applicable in today’s digital business landscape. You will gain proficiency in areas like financial analytics, investment banking, risk management, and more – all with an emphasis on leveraging technology. This position graduates well for obtaining high-paying careers in the growing Florida finance sector or working remotely for companies worldwide.

Accreditation and Program Options

It is crucial to pursue an online finance degree from a regionally accredited university to ensure your qualifications will be recognized by employers. The two major accrediting bodies in Florida are:

  • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
  • Middle States Commission on Higher Education (MSCHE)

Most reputable public and private colleges offering online finance programs in Florida hold regional accreditation from one of these agencies. With various specializations available, here are some of the degree options you can earn fully online in the state:

Bachelor’s Degrees

  • Bachelor of Science in Finance
  • Bachelor of Business Administration with a Finance Concentration

Master’s Degrees

  • Master of Science in Finance
  • Master of Business Administration with a Finance Specialization

Some schools also offer specialized graduate certificates and accelerated bachelor’s/master’s combined programs that can be completed entirely online. Dual degree opportunities pairing finance with fields like accounting, economics, and information systems are also available at select institutions.

Top Online Finance Schools in Florida

With dozens of colleges statewide, here are five of the best options for earning a fully online finance degree from Florida in 2024:

University of Florida

As the state’s flagship research university, UF offers high-caliber online bachelor’s and master’s programs in areas like financial management, investments, and financial planning through their Warrington College of Business. Graduates gain access to a vast alumni network.

University of South Florida

USF is one of the biggest universities in the nation, granting over 200 online degrees annually through their Muma College of Business. Popular programs include the Online B.S. in Finance and Online M.S. in Finance.

Florida State University

Ranked a top public school, FSU is well-known for leveraging cutting-edge technologies in its accredited online finance degrees. The Askew School of Public Administration & Policy hosts finance concentrations in their Online MBA and Online Master of Science in Economics programs.

Florida International University

As Miami’s public research university, FIU caters its finance curriculum towards careers in South Florida’s thriving financial hub. Their AACSB-accredited Online Bachelor of Business Administration allows a Finance Major.

University of Central Florida

As one of the largest universities in America, UCF attracts over 70,000 students campus-wide each year. Residents anywhere in Florida can enroll in their regionally accredited Online B.S. in Finance through the College of Business.

These leading public colleges boast respected reputations, and generous state funding, and are among the most affordable options for earning an online finance degree in Florida. However, various smaller private universities like Lynn University and Nova Southeastern University also offer quality online programs. Be sure to research accreditation, cost, and specialty areas at multiple schools.

Financing Your Online Finance Degree

The total cost of an online finance degree can vary greatly depending on whether you attend a public or private university, whether pursuing an undergraduate or graduate degree and if you qualify for in-state tuition rates or scholarships. Here are some general expense estimates to consider:

  • Public University Tuition (in-state): $10,000 – $20,000 per year
  • Private University Tuition: $20,000 – $40,000 per year
  • Estimated Textbook/Material Costs: $1,000 – $3,000 per year
  • Estimated Living Expenses (room/board): $10,000 – $15,000 per year

Total estimated costs for an online finance bachelor’s degree range from $40,000 – $80,000, while a master’s degree may run $30,000 – $60,000 including tuition, books, fees. Luckily, various financial aid options are available to help fund your education:

  • Federal Student Loans: up to $12,500 annually for undergrads, $20,500 for graduate students
  • State Scholarships/Grants: criteria-based funding for Florida residents
  • University Scholarships: merit/need-based awards available from colleges
  • Employer Tuition Reimbursement: some companies cover education costs
  • Personal Savings/Family Support: self-funding options

Be sure to apply early for all scholarship opportunities and aid during admissions to your desired online finance program. Carefully consider your budget and financing options to limit debt accumulation. Some accelerated dual-degree pathways may save time and money in the long run too.

Launching Your Finance Career Online

Online finance degree programs provide career-focused curricula to help students gain practical skills applicable to a wide array of professional fields. Graduates are well-prepared for remote or in-person finance jobs spanning many industries throughout Florida and beyond. Some of the hottest career paths for online finance majors include:

  • Financial Analyst: Conduct research and prepare reports/forecasts for investment firms, banks, and corporations. Median Salary: $86,000.
  • Financial Advisor: Provide guidance to clients on investments, retirement planning, insurance, and wealth management. Median Salary: $92,000.
  • Accountant/Auditor: Review and analyze financial records to ensure accuracy and compliance. Median Salary: $73,000.
  • Finance Manager: Oversee budgeting, cash flow, and financial planning/reporting for a company or organization. Median Salary: $136,000.
  • Securities Broker: Sell stocks, bonds, and mutual funds and provide trading services to investors. Median Salary: $79,000.
  • Treasury Analyst: Manage cash, debt, and investments for corporations and governmental bodies. Median Salary: $76,000.

Licensing or industry certifications like the CFA may be required for specific roles. Networking via school alumni groups and finance organizations aids career development too. With technical skills gained through online education, job hunting statewide, nationally, or remotely is very feasible for finance majors.

FAQs About Online Finance Degrees in Florida

1. How long will it take to complete an online finance degree?

  • Bachelor’s Degree: Usually takes 4 years of full-time study or 6+ years part-time
  • Accelerated B.S. in Finance: Can often be earned in 3 years with summer sessions
  • Master’s Degree: Full-time is 2 years, part-time 3-4 years on average
  • Graduate Certificates: Typically 1-2 years to complete

2. Is it difficult to get accepted into an online finance program?

Admission tends to be moderately competitive for top public schools like UF and USF. Most programs admit students with a GPA of 3.0 or higher. Submit strong application materials, essays, and letters of recommendation. Subject tests may not be required.

3. What are the typical class formats for online finance courses?

Asynchronous courses allow accessing recorded lectures and completing work on your own schedule. Synchronous sessions occur live via videoconferencing at set class meeting times. Both formats typically incorporate discussions, projects, simulations, and written assignments.

4. Can I complete internships or find jobs as an online student?

Yes, many online programs provide resources connecting students to virtual internships and work. It’s also possible to complete in-person internships and interviews near your location with course flexibility. Networking is key for job procurement regardless of education format.

5. How do online degrees compare to traditional programs for career prospects?

With relevant work experience and strong career services support, online degree holders often find equal acceptance in the job market compared to campus-based graduates. Your knowledge, capabilities and network ultimately determine career success. Employers are increasingly receptive to online education credentials.

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