online phd in financial management

2024 Best Online PhD in Finance Programs [Doctorate Guide]

An online PhD in Finance offers the opportunity to study finance and economics at the highest level.

You can learn how to use financial models and theories to develop a deeper understanding of economic systems and solve business problems. Finance PhD degrees also teach students to conduct quantitative research on financial networks and policies.

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Graduates can use their knowledge and skills to pursue careers in a variety of areas, including academia, business consulting, data science, finance, and the public sector.

PhD in Finance Programs Online

A Ph.D. in Finance is designed for people who want to immerse themselves in academic research and theory. This degree focuses on advanced financial models and concepts used to explain and forecast the performance of the economy, financial institutions, investments, and other aspects of modern finance.

Doctoral students in this field also study approaches and techniques for conducting empirical research. Students practice collecting and interpreting data from a variety of sources, such as consumer surveys and income statements. They also use econometrics to statistically analyze financial data and trends.

Other topics commonly taught in finance doctoral programs include:

• Asset pricing
• Banking systems
• Corporate finance and capital markets
• Empirical analysis
• Financial decision-making
• Financial markets
• International financial topics
• Macroeconomics
• Market design
• Microeconomics
• Time series analysis

Additionally, students can develop many technical skills related to financial research. For instance, finance PhD programs often encourage students to use programming languages like Python and R to extract and analyze data. Students may also learn to use the latest digital tools to interpret data and create financial models, such as MATLAB and Stata.

Graduates can use their finance PhD degrees to pursue a broad range of careers. Many students enroll in these programs because they want to work in higher education. They may use their specialized knowledge to become professors and academic researchers.

The private sector also provides many employment opportunities for PhD holders. All organizations need business-savvy professionals who can manage financial resources, make predictions, and formulate financial strategies. As a result, there are numerous finance-related jobs in all industries.

Graduates may also secure jobs with nonprofit organizations. Some work as grant writers, while others become policy analysts. Other potential careers in this sector include development officer and program manager. These roles all focus on helping nonprofit organizations generate more income and solve economic or social issues.

Finally, this degree can be beneficial for people who want to become consultants or entrepreneurs. You can learn business tactics and skills that you can use to help clients perform better or to launch your own company.

Finance Careers & Salaries

A doctoral degree in finance can pave the way for many career paths. Many graduates pursue careers as college professors in business, economics, and finance departments. These professionals teach students and publish research in their area of specialty.

Additionally, many graduates secure employment with private corporations and financial institutions, including banks, credit unions, and investment firms. They can become actuaries, cost estimators, financial analysts, and other finance professionals.

These specialists use the advanced knowledge and research skills they gained during their PhD programs to analyze financial data and help corporations make data-driven business decisions.

According to the Bureau of Labor Statistics , here are careers associated with finance and their median salaries.

Some graduates become financial analysts and researchers for government agencies and think tanks. They often help their employers develop and explore the implications of economic policies, political strategies, and social policies. Graduates can also work for or start consulting firms.

Business and management consultants examine their clients’ financial records and operations. They use their findings to identify inefficient workflows and other issues and make recommendations to help businesses improve their performance.

Online Finance PhD Curriculum & Courses

Finance PhD programs teach advanced finance concepts and research skills. The specific curricula vary by program but may include courses similar to these:

• Empirical Methodology in Finance : You’ll learn how to use popular empirical research methods to investigate and solve issues in the finance industry.
• Financial Economics : This course analyzes foundational theories and applications of modern financial economics, such as arbitrage pricing theory, mean variance theory, and stochastic dominance.
• Financial and Economic Networks : You’ll use empirical and theoretical research methodologies to deepen your understanding of financial modeling and networks.
• Household Finance : You’ll explore recent empirical research projects in household finance and learn strategies to gather and analyze data.
• International Finance : This class traces the history of academic research on international finance and covers techniques students can use to conduct research in this field.
• Introduction to Asset Pricing : You’ll investigate how finance institutions use asset pricing models to predict the expected rate of return for investments.
• Introduction to Corporate Finance : You’ll learn how to create, interpret, and conduct quantitative research with corporate finance models.
• Macro-Finance : You’ll examine fundamental areas and methods in macro-finance, such as asset pricing, fiscal policy, and household finance.
• Microeconomics : This course overviews applications and theories of microeconomics, including aggregated demand and general equilibrium analysis.
• Theories of Finance : You’ll study contemporary financial theories and their relationship to asset pricing, corporate finance, and financial markets.

Additionally, many programs require finance PhD students to take courses in statistics and probability.

How to Choose an Online PhD in Finance Program

All finance PhD programs have different educational opportunities, learning environments, and resources. As a result, there are many factors to consider as you compare finance degree online programs, such as:

• Program reputation . Employers often look more favorably at job candidates who graduated from high-ranking institutions with excellent reputations. Additionally, attending a top program could provide more opportunities to develop a robust professional network in your chosen area.
• Research areas . Doctoral students typically research and write about specific topics or subfields that align with their personal and professional interests. It’s beneficial to look for a program with well-known faculty specializing in your chosen areas, such as corporate governance or behavioral finance. These professors can guide your research and connect you with resources.
• Funding opportunities . Some PhD programs in finance offer full or partial funding for qualifying students. You might qualify to receive a tuition waiver, a stipend to cover conference travel, and other financial assistance. You can also inquire about additional funding opportunities, such as grants and scholarships from the college.
• Course format . The specific mode of delivery for online courses varies. Some programs offer synchronous online classes, which allow you to interact with professors and peers over video chat. Others have asynchronous courses that you complete on your own schedule.

Additionally, you can ask a program’s staff if they have current students or recent alumni willing to speak with you. These informal conversations can help you get a better sense of the program’s culture and strengths and weaknesses.

Admissions Requirements

Many PhD programs in finance only admit a limited number of students each year, so the admissions process can be competitive.

Every institution has its own admissions criteria, but here are a few typical requirements:

• Bachelor’s or master’s degree in related field
• Statement of purpose describing your interests, goals, and reasons for applying
• CV listing education, work experience, applicable skills, and volunteer activities
• Confidential letters of recommendation
• Official transcripts

Some colleges and universities also request GMAT or GRE scores, but many programs are phasing out this requirement.

Online PhD in Finance Programs Accreditation

Accreditation is an essential factor to consider as you compare finance doctoral programs, much like when considering an MBA in Finance online or on campus programs. Colleges and universities can earn regional accreditation if an external regional accreditor assesses their programs and faculty and verifies that they meet agreed-upon educational standards.

Accredited programs offer professional and academic benefits. Employers often prefer to hire graduates from accredited schools because they know these candidates have received a quality education. Accredited doctoral programs typically provide access to student support services, such as online library databases and career centers.

Plus, many government agencies and private organizations only distribute financial assistance to students enrolled at accredited institutions.

Financial Aid and Scholarships

As you investigate finance PhD programs, you can also search for financial aid opportunities to help pay for your degree.

Many doctoral programs offer full funding for qualified students. These funding packages could include a stipend, tuition waiver, and health insurance. Students may need to work as a teaching or research assistant in exchange for this funding. Also, they are typically required to maintain a certain GPA and meet program milestones.

The federal government also offers several types of financial assistance for graduate students. You may be eligible for federal grants, student loans, or a part-time work-study program. You can learn more about these opportunities by visiting the Federal Student Aid website.

In addition, many employer offer financial support for workers who want to further their education. You can ask your supervisor about any tuition assistance or reimbursement opportunities.

What Can You Do with a PhD in Finance?

A doctoral degree in finance can help you qualify for many lucrative careers. Many graduates use their expertise and research skills to secure positions as postsecondary teachers.

The Bureau of Labor Statistics predicts that the demand for this career will increase by 12% over the next decade. Additionally, a PhD in Finance can help prepare you for numerous jobs in business and finance. Some graduates become financial managers and oversee their organization’s investments and revenue.

Finance is a good career path for many students. Other potential career paths in the finance industry include financial examiner, chief financial officer (CFO), management analyst, and operations research analyst. These positions focus on data analytics and strategic decision-making.

Should I Get a PhD in Finance?

Finance PhD degrees tend to be rigorous and involve extensive research and writing.

Here are a few signs that this degree could be the right fit:

• Your preferred career requires a terminal degree in the field.
• You enjoy studying economics, mathematics, and statistics.
• You want to become an expert in financial systems and theories.
• You’re passionate about researching topics in business and finance.
• You want to publish your research for academic audiences.
• You’re interested in teaching students.

If some of these criteria apply to you, a doctoral degree in finance could be a strategic next step.

How Long Does It Take to Get a PhD in Finance Online?

Most PhD programs in finance take 3 to 5 years to complete if you enroll full-time. But several factors can affect how long it takes you to graduate.

Programs that require a dissertation typically take longer. Many students spend a total of 5 years—including 3 years completing coursework and 2 years writing their dissertation. Some students take longer, though, to finish their dissertations, extending the length of their program.

Doctorate programs that don’t require a dissertation may be completed in 3 to 4 years if students are enrolled full-time.

What’s the Difference Between a DBA vs. PhD in Finance?

A Doctor of Business Administration (DBA) and a Doctor of Philosophy (PhD) are both terminal degrees in finance, but they have a few crucial differences.

A PhD could be a strategic choice if you’re passionate about research and teaching.

Is a PhD in Finance Worth It?

Yes, a PhD in Finance is worth it for many students. This degree allows you to develop a deeper understanding of economics, financial markets, and investment techniques. You’ll also learn how to identify business problems and mitigate risk.

In addition, a doctorate in finance enables you to develop expertise in specific areas of finance. For instance, you could specialize in behavioral finance, econometrics, or financial technologies. Expertise in these fields could lead to career paths in academic institutions, corporations, tech startups, and other organizations.

The Bureau of Labor Statistics predicts that overall employment of business and finance professionals will increase by 7% over the next ten years, and 12% job growth is projected for postsecondary teachers.

Universities Offering Online Doctorate in Finance Degree Programs

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.

A Doctorate in Personal Financial Planning is available through Kansas State University. The program is 1 of only 4 in the country recognized by the Certified Financial Planner Board of Standards. Coursework is completed online during the fall and spring. There are three summer residencies, lasting 10 days each. The final residency is abroad. Kansas State University is accredited by the Higher Learning Commission.

National University offers a PhD in Business Administration with a concentration in Financial Management. The program may be completed entirely online. On average, the required 60 credits may be completed in 73 months. Courses are 4 to 8 weeks long. The school offers weekly start dates. National University is accredited by the WASC Senior College and University Commission.

A Doctorate of Professional Studies with a concentration in Finance may be earned through Pace University. Coursework is completed online with Friday sessions on campus once per month. Courses follow a semester schedule. Typically, the 19 required courses may be completed in 3 years. Pace University is accredited by the Middle States Commission on Higher Education.

Texas Tech University offers a PhD in Personal Financial Planning. The program is available fully online or on campus. The program requires 72 credits. Courses follow a semester schedule with 3 start dates. Upon completion, graduates may be eligible to take the CFP Certification exam. Texas Tech University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

A PhD in Business with a specialization in Finance through the University of the Cumberlands. Coursework is online with fieldwork or an internship required. The program requires 66 credits including 24 hours in professional research and 24 hours in Finance. Courses are in half- or full-terms. The University of the Cumberlands is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Walden University offers a PhD in Management with a specialization in 21st Century Finance. The program is fully online and requires 4 brief academic residencies. The program is course-based with weekly assignments. Most courses are asynchronous in format. Courses are in an accelerated format with several start dates each year. Walden is accredited by the Higher Learning Commission.

Getting Your Doctorate in Finance Online

If you want to study and help solve complex business and financial problems, you might consider earning an online PhD in Finance.

Finance doctoral programs teach students about asset planning, financial models, regulations, and other topics. They also cover empirical research skills, such as creating surveys and managing datasets. Graduates apply their knowledge in many positions. Some become college professors, while others pursue roles as financial managers, consultants, and marketing analysts.

You can kickstart your doctoral journey by exploring online finance PhD programs from accredited schools today.

2024 Best Online PhD in Financial Planning [Doctorate Guide]

If you’re interested in pursuing research or advancement in the field of finance, then earning a PhD in Financial Planning may be a strategic step in your professional goals.

A PhD is a research-heavy program, and you will likely have the opportunity to study theoretical knowledge and research methods in specific fields, such as consumer economics or risk management.

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Earning this degree could help you grow your qualifications for several rewarding and lucrative career paths, depending on your desired area of focus.

Online PhD in Financial Planning Programs

PhD programs in financial planning are typically designed to prepare graduates to become members of university faculty or pursue research positions.

As such, this degree program contains a large amount of research coursework, like advanced research methods, theories and models in personal finance, and more.

You can also study:

• Statistical methods in financial planning
• Global issues in financial planning
• Clinical research and applications
• Financial planning theory

A large portion of a doctorate in financial planning program can also be devoted to financial decision-making, including risk management, retirement planning, and investments. You may also encounter coursework that focuses on best practices during economic decline, including preventative techniques.

You can explore how to analyze and evaluate financial public policy and even how to recommend courses of action for individuals based on policy. Since research is a core component of this degree, some of your courses will include the study of data analysis and interpretation techniques, regression analysis, and econometrics.

Most curriculums include leadership and ethics coursework as well. Dissertation preparation can also include coursework on writing academic and research papers as well as the skills required to publish in scholarly journals. This PhD seeks to prepare students to become faculty members and teachers at research-based universities, but it can also help prepare professionals for senior or leadership roles in the finance industry.

Financial Planning Careers & Salaries

Earning a doctorate in financial planning online may open up several career opportunities. Typically, graduates of this PhD program move into postsecondary teaching or research positions. PhDs are a common requirement for careers in research and academia.

Some graduates choose to become a professor of finance, economics, or financial planning at a university, where they can also conduct research and publish in scholarly journals. Others choose to conduct research for large financial advising corporations, as these institutions sometimes have in-house research and training departments.

Potential roles for advanced professionals in the field include principal investment strategist, financial planning scientist, and economist.

According to the Bureau of Labor Statistics , here are the median annual salaries of positions related to the advanced study of financial planning.

Salaries can vary depending on your level of experience and education as well as the institution you’re working for. In addition to academic careers, graduates can also choose to pursue consumer-facing roles. These types of roles can include personal financial advisor and financial manager.

Financial planning professionals may advise individuals on risk assessment, investment strategies, estate planning, economic decline mitigation, family wealth, and more. Others choose to become involved in risk management for corporations or even focus on stocks and bonds.

Financial Planning PhD Curriculum & Courses

While courses in financial planning doctorate programs can vary, here are some common subjects you may come across in a financial planning PhD program:

• Research Methods in Financial Planning, Housing, and Consumer Economics : This course emphasizes research design, with a focus on common issues in data analysis and measurement.
• Theory of Households, Consumer Economics, and Financial Behavior : This course overviews contemporary theories of household and consumer decision-making, including theories of saving and consumption and economic analysis.
• Research Development : This course focuses on the development of a dissertation proposal and the necessary research skills required to do so, such as viable question identification and structuring empirical research papers.
• Advanced Wealth Management : This course focuses on family wealth management and covers areas such as investment risk and return, securities markets, mutual funds, stocks, bonds, and more.
• Statistical Software Application in FP : This course overviews current statistical software in financial planning, along with its application in practical and research capacities.
• Consumer Policy Analysis : This course analyzes the rationales and outcomes of financial policies that impact consumer well-being, housing, financial services, and other markets.
• Statistical Methods in Financial Planning : This course focuses on the use of statistical methods and application in financial planning research.
• Money and Relationships : This course explores the connection between couple and family relationships and money, with a focus on factors that impact money perceptions and management.
• Advanced Estate Planning : This course explores advanced methods of family estate planning, including multi-generational techniques, property transfer, and trust income taxes.
• Fundamentals of Risk Management: This course focuses on the fundamentals of risk management, specifically the use of insurance in risk financing.

A PhD program will often require more research-focused core courses.

How to Choose an Online Doctoral Program in Financial Planning

When choosing between online doctoral programs in financial planning, there are several considerations to keep in mind. These include:

• Accreditation . Accreditation offers quality assurance that a school meets certain professional standards. You can also look one step deeper and find finance programs that are affiliated with the Certified Financial Planner (CFP) board.
• Curriculum . Many PhD candidates have the opportunity to shape their curriculum to a degree. So, it’s strategic to look for programs with coursework that reflects your desired area of expertise, such as econometrics, regression analysis, research theory, and more.
• Instructors . You will work more closely with your PhD professors than any other instructors, especially in a research capacity. So, it is beneficial to see if a program’s instructors have top-tier research and experience credentials.
• Technologies for online learning . It’s strategic to confirm that whether an online program utilizes technologies and platforms that make it convenient to attend class virtually.
• Access to resources . You might consider whether a program can offer access to resources like scholarly journals or personalized library assistance.
• Job placement . You can inquire about schools’ placement programs for graduates, and you can also speak with alumni regarding their career process after graduation.

Keeping these considerations in mind when choosing a program may help you find the program that best supports your future career.

Admissions Requirements

While admissions requirements for doctorate in finance programs can differ depending on your school, some common ones include:

• Official transcripts and master’s degree
• Resume or CV
• Statement of purpose
• Interview with faculty (if applicable)
• Letters of recommendation

A growing number of schools no longer require the submission of GMAT or GRE scores for graduate admissions, but some still do. Also, some programs require professional experience. It’s beneficial to verify the specific admissions requirements of prospective schools before applying.

Accreditation

Determining whether your potential university is accredited is an essential step to take before applying. In essence, regional accreditation is a form of quality assurance that assures your university meets professional education standards.

Completing your PhD at an accredited school is often a requirement by different employers and certification boards. Plus, some forms of financial aid are only available at accredited schools. Only select organizations can provide regional accreditation.

You can view a list of credible organizations and verify a school’s accreditation status at the Council for Higher Education Accreditation ’s website.

Financial Planning Licensure and Certifications

Earning a professional certification alongside your degree could be a strategic way to showcase your expertise to employers or clients and enhance your career opportunities.

A few certification options include:

• Certified Financial Planner (CFP) : This certification verifies your expertise in assessing financial portfolios and making personalized recommendations.
• Chartered Financial Consultant (ChFC) : This certification is similar to the CFP, but it allows specialization in niche areas, such as estate planning.
• Financial Risk Manager (FRM) : This certification verifies expertise and experience in risk management, and it is available from the Global Association of Risk Professionals (GARP).

Some doctoral programs are designed to help you meet certain certification requirements.

Financial Aid and Scholarships

Many students pursue financial assistance to complete an online PhD in Finance. There are many types of aid available to qualifying students, including federal aid, state aid, grants, scholarships, and more.

Scholarships and grants can be based on a variety of factors, such as location, need, and area of study. They can also be offered by a variety of sources, such as schools, professional organizations, and public institutions. If you do need the assistance of loans, student loans from the federal and state governments often come with lower interest rates.

To apply for federal aid and determine your eligibility, you can fill out the Free Application for Federal Student Aid (FAFSA) .

What Is a Financial Planning PhD Degree?

A PhD in Financial Planning degree is designed to prepare graduates for top-level careers as professors, academic researchers, chief financial officers, and even economists.

In this degree program, you can study advanced research methods—such as statistical methods and data analytics—in preparation for academic research. You can also study core topics like financial planning, economic theory, risk management, econometrics, and investment techniques.

Many graduates of this type of PhD program become faculty members at universities or even researchers for private financial firms.

What Do You Learn in an Online PhD in Financial Management?

Students in a PhD in Financial Planning degree program are immersed in all types of advanced financial planning topics. PhD programs will also heavily focus on research methods. Coursework in research may include research methodology, data analysis and interpretation, financial planning models, and statistical methods.

Other courses will cover fundamentals in risk management, financial policy analysis, regression analysis, estate planning, research development, and consumer economics. Students may even take courses on software used in financial planning as well as leadership and ethics courses.

What Can You Do with a PhD in Financial Planning?

A PhD in Financial Planning can help qualify graduates to become researchers or members of university faculty. Many graduates go on to become professors in finance or financial planning, where they may also conduct original research and publish research papers.

Others become economists, principal investment strategists, or financial planning scientists for private corporations. Graduates may also find careers as financial managers, analysts, or advisors for public or private companies. Those with extensive experience may go on to become chief financial officers.

Can I Get a PhD in Financial Planning Online?

Many accredited schools offer PhD in Financial Planning programs online. These schools typically offer virtual learning options, where you can attend virtual classes and submit coursework remotely.

Before choosing a school, it’s helpful to verify whether you’ll need to attend in-person at any time. Some programs are listed as “hybrid,” meaning some classwork is in person. Most PhD programs do require in-person attendance for dissertation proposals and defense. There may also be some in-person requirements for seminar courses.

What Jobs Can I Get with a PhD in Financial Planning Degree?

Professionals with a PhD in Financial Planning may pursue a variety of career opportunities post-graduation.

Many graduates choose to enter the world of academia. They might become faculty members or professors at colleges or universities, where they can teach finance or a related subject. They may also pursue research positions at postsecondary institutions or private companies.

Financial planning professionals who use their studies to advance in the field may work as financial managers, economists, or even chief financial officers, depending on their qualifications and experience.

How Long Does It Take to Get a PhD in Personal Financial Planning Online?

Generally, a PhD can take anywhere from 3 to 5 years to complete with full-time enrollment. This timeline can depend on the number of credit hours required and how long it takes to complete your dissertation.

If no dissertation is required, a doctoral program can often be completed in 3 years with full-time study. Of course, if you are enrolled part-time at any time, this may extend your time to completion. You can talk to a university about their specific program timelines to learn more.

Is a PhD in Financial Planning Worth It?

Yes, a PhD in Financial Planning is worth it for many students. Earning this terminal degree can help you stand out to potential employers as well as qualify for positions in research and academia.

According to the Bureau of Labor Statistics, the employment of financial managers is forecast to grow 17% over the next ten years, which is considered much faster than the average. Similarly, 12% job growth is projected for postsecondary teachers over the same period.

Universities Offering Online Doctorate in Financial Planning Degree Programs

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.

Capella University’s Doctor of Philosophy in Business Management includes eleven core courses, five electives, and three virtual residencies. The program also requires the completion of a comprehensive exam and a dissertation to graduate. Throughout the dissertation process, students are paired with an academic mentor to help keep them on track.

Capella University is accredited by the Higher Learning Commission.

Franklin University offers a Doctor of Business Administration that can be completed 100% online. Students typically spend 2 years completing coursework and 1 year working on the dissertation. The program is designed to allow students to complete their studies around their own schedule. The curriculum is highly customizable through a wide range of elective options.

Franklin University is accredited by the Higher Learning Commission.

Hampton University offers a hybrid online PhD in Business Administration designed to meet the needs of busy professionals. Online courses are 8 weeks long. Students are required to come to campus for two 4 week summer residencies and to defend their dissertations. Potential courses in the curriculum include Organizational Behavior, Advanced Computer Applications, and Managerial Economics.

Hampton University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Jacksonville University offers a Doctor of Business Administration. The curriculum is designed to offer networking opportunities and develop critical thinking and problem-solving skills. Classes meet on campus one Friday and one Saturday each month, but the option to stream the class live online is available.

Jacksonville University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.

Kansas State University offers a Doctorate in Personal Financial Planning that is intended for working professionals. This hybrid program consists of online courses during the fall and spring semesters, supplemented by intensives on campus that are 10 days long during the summer. The program also requires a travel abroad experience to learn about global markets.

Kansas State University is accredited by the Higher Learning Commission.

Liberty University’s Doctor of Business Administration requires the completion of 60 credit hours and takes an average of 3 years to complete. Courses are offered 100% online and are 8 weeks long. The program’s instructors have real-world business experience. Potential courses in the curriculum include Investments and Derivatives, Mergers and Acquisition, and Business Valuation.

Liberty University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

National University offers a PhD in Business Management with a specialization in Financial Management. The program’s fully online format is designed to allow students to complete their studies in their own time. New students can start every Monday. Potential courses include Business Leadership and Strategy, Business Financial Systems, and Statistics I and II.

National University is accredited by the WASC Senior College and University Commission.

Pace University offers a hybrid program for a Doctor of Professional Studies in Finance. Students can typically complete it in 3 to 5 years without interrupting their current careers. Most coursework is completed with a cohort. Graduates typically pursue academic careers or senior management positions.

Pace University is accredited by the Middle States Commission on Higher Education.

Texas Tech University offers a PhD in Personal Financial Planning that can be earned on campus or online. The curriculum is designed to develop practical skills in both research and teaching. Graduates often pursue tenure-track faculty positions at other universities or non-academic careers in business.

Texas Tech University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Touro University Worldwide offers a Doctor of Business Administration. Courses are 8 weeks long and 100% online. The program requires the completion of a research-based doctoral project on a topic such as finance, accounting, or technology. There are six start dates every year, and prospective students can apply without GRE scores at any time.

Touro University is accredited by the Middle States Commission on Higher Education.

Trident University International offers a PhD in Business Administration that can be completed 100% online. The program has no in-person requirements, and the course load and completion time may be adjusted to suit personal schedules. Faculty members are assigned to provide individualized support on the program’s required research project.

Trident University International is accredited by the Higher Learning Commission.

The University of the Cumberlands offers an online PhD in Business with a content specialty area in Finance. Potential courses include Corporate Finance: Fiscal Management in a Global Climate, Managerial Ethics and Social Responsibility, and Strategic Marketing: Research and Practice.

The University of the Cumberlands is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Walden University offers a PhD in Management with a specialization in 21st Century Finance. The curriculum covers how to conduct original research, make strategic business decisions, and apply financial theory to real-world situations. In addition to coursework, the completion of a dissertation and attendance at four residencies are required.

Walden is accredited by the Higher Learning Commission.

Getting Your PhD in Financial Planning Online

You might consider earning a PhD in Financial Planning if you want to grow your professional qualifications or pursue original research in the financial planning field.

A PhD can also help you qualify for faculty positions at universities or research positions at postsecondary schools or private companies. Some graduates go on to publish research findings in scholarly journals while they maintain more client-facing roles, such as that of a financial manager or advisor.

You could start exploring accredited colleges and universities today to see which online PhD programs in financial planning best match your interests and goals.

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It is important to understand the many factors that come into play when deciding to pursue an online PhD in Finance. One of the most important factors is whether or not the program will actually provide a return on investment. The fact is that a PhD finance program is one of the most convenient to take online, as there’s not much physical requirements. It is also one of the best investments you can make in your future. It’s quite affordable yet so lucrative in the job market. The average finance professional with a PhD in Finance will easily earn a salary that is significantly higher than those who do not have a doctorate degree. Additionally, the job security and career opportunities that are available to those with a PhD in finance are second to none.

A PhD in Finance entails a great deal of research and study in the field of financial markets and institutions. It usually takes four to five years to complete, and the dissertation process can often be long and arduous. The PhD program is designed to prepare students for careers in academia or finance-related industries, and the coursework is typically very demanding. Students must complete a series of core classes, as well as electives that allow them to specialize in a particular area of interest. In addition, they must also complete a doctoral dissertation, which is a major research project that makes an original contribution to the field of finance. A PhD in Finance is an excellent choice for those who wish to pursue a career in finance or academia.

If you are looking for a way to change your life while making a difference in the corporate world, then an online PhD in Finance may be the perfect fit for you

Yes it is. So long as you graduate from an accredited school, your online finance PhD will be fully recognized in the job market. Additionally, the value and portability of online education has come of age, with many employers actually preferring applicants with this type of qualification. Online programs have this unique mark of grit. It shows that you have what it takes to pursue ambitious goals no matter where you are, regardless of the amount of pressure involved. 

You may have noticed as well that the modern ecosystem, whether in public, private or academia, is now such that the digital shift is widely accepted. Many companies, governments and academic institutions, are actually in a race to move their operations online. So you should never be worried about not landing the best opportunities with an online finance PhD. You have the same opportunities as those who pursue the on-campus version of this program. 

The Best Online PhD Programs in Finance

Settling on the best online PhD program in finance that suits your circumstances and preferences can be tough. It’s a big decision that will affect the course of your career, and it’s not one to be taken lightly. That’s why we’ve done the research for you and compiled a list of the best online PhD programs in Finance offered by high-profile universities. We’ve looked at everything from the curriculum to the faculty to the job placement rate, and we’re confident that you’ll find a program that’s a good fit for you. So whether you’re looking for an Ivy League education or a program that’s tailored to your busy lifestyle, this compilation should provide you a place to start. Read on to find out everything about the programs.

Johnson & Wales was founded in 1914 as a business school and has since grown into a comprehensive university offering degrees in business, culinary arts, education, engineering, health sciences, hospitality, and many other fields. Johnson & Wales is accredited by the New England Commission of Higher Education and is ranked among the top colleges and universities in the Northeast by many credible organizations. The university is committed to providing an education that prepares students for success in their chosen careers. It offers a hands-on curriculum that combines classroom instruction with professional experience. Johnson & Wales graduates are successful in a wide range of industries, including business and finance in general.

The Doctor of Business Administration – Finance at Johnson & Wales University is offered entirely online, allowing students to work, spend quality time with family, and do all other stuff that they love to do while making big strides on the academic end. Right after the admission process, students will go through a no-credit online orientation that sets the right mood for the entire program. This allows you a smooth transition as you are prepared for what’s coming ahead.  

Right at the end of the program, you’ll have so much to be proud of as a professional, including selling off as an innovative, change-oriented professional – the kind that companies are constantly hunting for. 

Minimum qualification requirements:

• All official transcripts from recognized institutions of higher learning
• At least two letters of recommendation
• Curriculum Vitae
• Personal essay

LIGS University is a modern and rapidly developing university that offers accredited online programs across several fields including Business Administration, E-Business, International Marketing & Sales, and more. LIGS’s mission is to provide high-quality, affordable education that is accessible to everyone, regardless of their location or schedule. LIGS University is accredited by the Distance Education Accrediting Commission (DEAC). The DEAC is recognized by the US Department of Education as a national accrediting agency. LIGS University is also a member of the European Association for Distance Learning (EADL). Some of the advantages of pursuing your learning in LIGS University include their deliberate dedication to administering their programs in small class sizes, experienced and dedicated faculty, and affordable tuition.

This Ph.D. in Financial Management and Risk Management program is designed to be convenient enough for employed students while remaining as rigorous as it should be. The program focuses heavily on financial management and risk management.  

The program is so flexible as the university is aware of the important need to allow students to determine the intensity, time, and duration of their studies while catching up with the rest of their lives. Besides, students are allowed to choose the subjects of their choice according to preference or interest. In this way, a student can specialize in a field that they are most interested in and gain as much knowledge as they can. The university also facilitates students who wish to get some knowledge from subjects they left out by hosting online webinars for a variety of subjects.

In case you’re unsure of the route you’re taking, LIGS provides professional study counseling as well. 

Requirements for admission:

• Master’s degree from a reputable university
• Must be good in the chosen language of study
• Documents showing all of your academic qualifications

Franklin University was established in 1902 with a focus on serving the adult learners in Central Ohio. In addition to its continuing adult education programs, Franklin also offers many degree programs that can be completed entirely online. Franklin is accredited by the Higher Learning Commission and is a member of the North Central Association of Colleges and Schools. The university has a huge enrollment of students, and the average class size is quite reasonable to guarantee quality education.  Franklin University is committed to providing an affordable, high-quality education that meets the needs of busy adults.

The Online Doctor of Business Administration at Franklin University specializes in concrete, quality research that not only exposes the students to high-end financial skills but also improves their communication and problem-solving skills. 

You’ll need the following minimum credentials to qualify for the program:

• Master’s degree from a bona fide university (or institution)
• English proficiency through good IELTS and TOEFL results

Through a series of high-end courses, you’ll develop the skills needed in financial management with more solid critical, analytical, and logical thinking abilities. This sells you as a senior problem-solving leader.

Trident University International (Trident) is a for-profit university headquartered in Cypress, California. Trident offers accredited associate’s, bachelor’s, master’s, and doctorate degrees in business, education, health sciences, information systems and technology, and nursing. Trident is a member of the National Association of Independent Colleges and Universities and is accredited by the Distance Education Accrediting Commission. The university has been ranked highly by many entities. Trident students have access to academic support services such as tutoring, academic advising, career services, and psychological counseling. 

Trident’s mission is to provide world-class education to working adults who are unable to attend traditional brick-and-mortar universities. The university has been ranked as one of the top online universities by several independent organizations. Students have the opportunity to take advantage of Trident’s global network of professors and professionals, who are leaders in their respective fields. Trident students can also participate in study abroad programs and internships opportunities. Trident’s commitment to student success is evident in its strong retention and graduation rates. It’s no doubt an excellent choice for busy adults who want to earn a high-quality, accredited degree from a university that truly values the need to decentralize education at the highest level. 

The Doctor of Philosophy Degree in Business Administration offers a variety of concentrations that transform the students with deep innovative, teaching, and research skills. The emphasis on a concrete background in finance, accounting, and economics will prepare you fully for the expected organizational pressure that professionals in senior positions often have to deal with every day. 

If you have a particular interest in research and problem solving, this course is for you. It’ll sell you to organizations that major in international finance, financial management, taxation, and economic growth & development, among others.

Students must meet the following minimum requirements in order to be admitted to this program:

• Master’s degree from an accredited institution
• Official transcripts from your college/university
• Proficiency in both written and oral English
• Good critical and analytical thinking skills
• Basic information technology skills

Cambridge Global College (CGC) is an international higher education institution with a focus on quality education and student success. CGC offers a range of programs from diploma to master’s and doctorate level, across a range of disciplines including business and finance, management, marketing, hospitality, tourism, Event Management and more. CGC has a strong commitment to providing quality education and has developed strong partnerships with universities and colleges worldwide.

The Doctor of Business Administration in Quality Systems Management at Cambridge Global College is rigorous. In fact, this particular PhD program has won the hearts of many students who have had the chance to pursue the program in this institution. The 100% online PhD finance program takes students through 10 core business courses. Students take these courses from anywhere in the world. 

Besides classwork, students handle carefully selected assignments and research among other manageable academic tasks. They get to present their findings individually to a panel of professionals. This gives them the best chance to prove their competencies in the course. 

Eligibility criteria:

• You must be a holder of a Master’s degree from an accredited university
• You must present official transcripts from your college
• Show off your competency through a personal essay
• Work experience of at least 8 years
• Good SAT and ACT scores

Some of the core areas covered in the program include Lean, Six Sigma, Legal Business Issues, Cost of Quality, and International Quality Standards among other high level finance units.

Finance is one of the most popular fields globally, implying the competition for jobs in finance is extremely high. In a job market as competitive as this, it is not enough to have excellent skills. It is also important to secure the highest academic qualifications. This was difficult to achieve in the past because traditional campus based programs were expensive while online programs were rare. But things have changed pleasantly. Online programs are now not only common but also affordable. With this kind of enabling environment, you have no reason not to compete for the top opportunities in finance worldwide. Simply find your favorite program and excel in it. Good luck!

PHD in Economics, Associate Professor, Department of Business Process Management, Faculty of Market Technologies IOM

Best Online Doctorates in Finance

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Updated October 17, 2023

TheBestSchools.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Are you ready to discover your college program?

Whether your career interests lie in academia or business, graduating with a doctoral degree in finance opens doors to advanced job opportunities and earning potential. The U.S. Bureau of Labor Statistics (BLS) projects that popular finance careers like finance managers and personal finance advisors may grow by 15%-19% between 2016 and 2026. These occupations boast median incomes of $125,080 and $90,640, respectively. Doctors in finance also frequently find employment as college professors, educating students and conducting research for scholarly publications. With a variety of online degree options available from top schools around the country, it has never been easier to earn your doctorate in finance.

For more degree and career info, jump to:

• Choosing a Doctorate in Finance Program
• What Else Can I Expect From an Online Doctorate in Finance Program?

Careers with a Doctorate in Finance

The best online doctorate in finance programs.

Online Doctorate in Finance Ranking Guidelines: We selected the degree programs based on the quality of program and range of courses provided, as well as school awards, rankings, and reputation.

Our Methodology

Here at TheBestSchools.org, we take the trust and welfare of our readers very seriously. When making our school and program rankings, our top priority is ensuring that our readers get accurate, unbiased information that can help them make informed decisions about online education. That's why we've developed a rigorous ranking methodology that keeps the needs of our readers front and center.

Our proprietary, multi-criteria ranking algorithm analyzes key data indicators — as collected by the federal government — for each school or program. What data we use depends on the focus of each specific ranking, but in all cases, our ranking methodology is impartial: Schools  cannot buy better rankings  at TBS.

While specific criteria under consideration can vary by ranking, there are a few data points that we value most highly. They are affordability, academic quality, and online enrollment. Below, we break down our algorithm to help you understand what you're getting when you use one of our rankings.

• Affordability
• Online Enrollment

Data Sources

The data used in TBS rankings comes primarily from the federal government, and much of it is provided by the schools themselves. We aggregate and analyze this data to build our rankings.

The  Integrated Postsecondary Education Data System  (IPEDS) is our primary source. Its data comes from annual surveys conducted by the U.S. Department of Education's  National Center for Education Statistics  (NCES). Every college, university, or technical school with access to federal financial aid must participate in these surveys, which include questions about enrollment, graduation rates, finances, and faculty qualifications. This is publicly available data, which you can access yourself through the  College Navigator .

Additionally, because we value a personal touch and the professional experience of our staff and Academic Advisory Board, we vet all results and adjust rankings as necessary based on our collected knowledge of schools and degree programs. Depending on the ranking, we may obtain additional input from  AcademicInfluence.com , subject matter experts, prior TBS ranking lists, or other sources we deem relevant to a particular ranking.

Breakdown of Our Rankings Methodology

About our ranking factors.

Here at TBS, we value what you value: quality education, affordability, and the accessibility of online education. These factors guide all of our program rankings.

Each of these factors are further broken down into weighted subfactors. For example, retention rates are weighted more heavily than availability of program options because they are a better indicator of student success.

We chose the following factors for our rankings because of their influence on learning experiences and graduate outcomes. However, students should always balance our rankings against their personal priorities. For instance, a learner who needs a fully online program may prioritize online flexibility more than our rankings do. Our rankings are designed to help you make a decision — not to make a decision for you.

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Academics - 75%

Affordability - 15%, online enrollment - 10%.

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Finance PhD Programs for You

The best online doctorate in finance degree programs.

We use datasets from sources like the National Center for Education Statistics to inform the data for these schools. TheBestSchools.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. from our partners appear among these rankings and are indicated as such. All data is current as of the date this article was published. Program-specific information may vary.

#1 Best Online Doctorates in Finance

Liberty University

• Lynchburg, VA
• Online + Campus

The doctor of business administration in finance program at Liberty University offers a flexible route to a doctorate. The private university provides flexible enrollment options to meet the needs of diverse degree-seekers. Doctoral students receive research support throughout the program.

In the online program, learners complete doctoral coursework and strengthen advanced skills. After passing comprehensive examinations, doctoral candidates complete an original dissertation that contributes to the field. With a doctorate, professionals may work in academia, research, and leadership roles.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Contact the finance program to learn about the enrollment process and start dates.

Liberty University at a Glance:

Online Student Enrollment: 78,511

Online Master's Programs: 67

Online Doctoral Programs: 9

Student-to-Faculty Ratio: 17-to-1

Graduate Tuition Rate: $7,980

Accepts Transfer Credits: Accepted

#2 Best Online Doctorates in Finance

Kansas State University

• Manhattan, KS

The personal financial planning doctorate at Kansas State University offers an online option for doctoral students. Thanks to a flexible format, the public institution makes it easier to complete a doctorate. Doctoral students benefit from support services like career advising.

Doctoral candidates move through the program by passing exams and researching a dissertation project. With a doctorate, professionals may work in academia, research, and leadership roles.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Contact the program to learn about admission requirements.

Kansas State University at a Glance:

Online Student Enrollment: 5,850

Online Master's Programs: 26

Online Doctoral Programs: 4

Student-to-Faculty Ratio: 18-to-1

Graduate Tuition Rate: $10,212

Accepts Transfer Credits: Data not available

#3 Best Online Doctorates in Finance

National University

• San Diego, CA

National University offers an online Ph.D. in financial management. At the private institution, degree-seekers complete a doctorate in a flexible environment. Doctoral students receive research support and participate in scholarly events.

In the online program, learners take advanced doctoral coursework. After passing comprehensive examinations, doctoral candidates conduct research for their dissertation. As the terminal degree in finance, the program leads to career opportunities in academia, research, and industry.

At the accredited institution, online doctoral students qualify for scholarships, federal loans, and other forms of financial aid. Contact the program for more information about research support and financial aid.

National University at a Glance:

Online Student Enrollment: Data not available

Online Doctoral Programs: 15

Student-to-Faculty Ratio: 3-to-1

Graduate Tuition Rate: $16,983

#4 Best Online Doctorates in Finance

Walden University

• Minneapolis, MN

The online doctor of business administration in finance program at Walden University ranks as one of the best degrees in the finance field. At the private university, degree-seekers engage in online classes to earn a doctorate. Doctoral students participate in career counseling and benefit from research support.

During the online program, learners complete at least 49 credits of advanced coursework. After passing comprehensive examinations, doctoral candidates choose a dissertation topic and conduct research in their specialty area. As the highest degree in finance, the doctorate trains graduates for academic, research, and leadership careers.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Prospective applicants can contact the program for more about financial aid and admission requirements.

Walden University at a Glance:

Online Master's Programs: 39

Online Doctoral Programs: 20

Graduate Tuition Rate: $12,039

Choosing an Online Doctorate in Finance Program

50 Best Online Colleges & Universities Two main avenues exist for earning an online doctorate in finance: an academic route and an industry route. Students who want to apply their finance expertise to an industry job should consider earning a doctorate of business administration (DBA) in finance. Students looking to enter the academic profession as faculty should consider a Ph.D. finance program. While they may seem similar on the surface, these two finance doctorate pathways require different coursework and produce different learning outcomes. Carefully consider which path works best for your own goals.

An industry-focused program provides you with a firm foundation of quantitative financial skills and trains you to apply theory to real-world business scenarios. Additional concentrations may also let you further tailor your focus. Academic-focused programs require more intensive study of research and theory but offer fewer opportunities to hone mathematical finance skills. These programs also require dissertations, while industry-focused programs more commonly require a thesis. Finally, getting into an academic Ph.D. finance program may prove more difficult than a DBA program. While DBA programs often allow for cohorts of about 10 students, Ph.D. programs may only offer enrollment to one or two students per year.

What Else Can I Expect from an Online Doctorate in Finance Program?

The information below intends to provide a representative look at the potential curriculum content of a doctorate of finance. The specifics can vary, depending on the school and program you select. Different programs align with different career goals, in industry or academia, and offer courses according to these specific learning outcomes.

Concentrations Offered for an Online Doctoral Degree in Finance

• Careers this concentration prepares for: College Professor, Accountant, Auditor
• Careers this concentration prepares for: Finance Manager, Executive
• Careers this concentration prepares for: Personal Financial Advisor, College Professor

Curriculum for an Online Doctoral Degree in Finance

• Introduction to Empirical Methods: These introductory courses develop a foundational knowledge of academic and theoretical research methods by exploring a range of techniques and quantitative tools used for finance and economic analysis.
• Topics in Macroeconomics: Macroeconomics topics courses typically focus on two or three main areas of modern research, such as economic growth or wage inequality. Students read literature on the course topics and participate in discussions.
• Finance Theory: Expect to complete a few finance theory courses for your doctorate in finance online. From introductory levels to advanced courses, students develop an understanding of single period and dynamic models.
• Economic Analysis: Typically part of a sequence of multiple microeconomics theory courses, economic analysis courses focus on topics including consumer and producer choice and the nature of equilibrium in competitive markets.
• Applied Behavioral Finance: Through lectures, active discussion, and written assignments students learn to apply current behavioral finance theory and research to real-world scenarios like financial planning and business practice.

Earning an online doctorate in finance prepares an individual to work either inside or outside of the finance industry. Graduates' analytical skills and advanced knowledge of financial principles allow them to hold high-level positions in major companies, in the government, or in academia.

• Median Annual Salary: $76,000
• Projected Growth Rate: 15%
• Median Annual Salary: $125,080
• Projected Growth Rate: 19%
• Median Annual Salary: $90,640

Source: Bureau of Labor Statistics

Featured Image Credit: Nitat Termmee | Moment | Getty Images

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