Boston Finance Schools
There are numerous colleges with finance degree programs in the Boston area. The three featured in this article are all within a 20-minute drive of the city's center. Read about the coursework in their programs, and then review the table of statistics on each school. Some details on alternative school options are provided also.
- Located right in downtown Boston, Suffolk University offers bachelor's and master's degree programs in finance, as well as a concentrated one-week course on London financial markets for graduate students.
- The public University of Massachusetts (UMass) - Boston is about five miles from the downtown area and houses the Financial Services Forum, which oversees the publication of such resources as the Market Investment Sentiment Index (MISI). Students can earn a master's degree at the institution.
- Boston College (BC) is a private school that confers finance degrees at the bachelor's, master's and doctoral levels. Undergraduate finance students at BC can choose to study abroad in more than 60 locations around the world. The campus is situated around eight miles from central Boston.
Find schools that offer these popular programs
- Banking Related Services
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- Investments and Securities
- Public Finance Mgmt
Comparison of Schools
The size of the student body, the campus setting and, of course, the tuition costs can make a difference as to which schools make your shortlist. Use this table to compare these and other facts for the profiled institutions.
|Suffolk University||University of Massachusetts - Boston||Boston College|
|School Type||4-year; private not-for-profit||4-year; public||4-year; private-not-for-profit|
|Total Enrollment (2014)||8,215*||16,756*||14,317*|
|Campus Setting||Large city||Large city||Small city|
|Tuition (2015-2016)||$33,934 Undergraduate Tuition & Fees *// $31,170 Average Graduate Tuition and Fees*||$16,115 Average Graduate Student Tuition & Fees In-State* // $23,283 Average Graduate Student Tuition & Fees Out-of-State*||$49,324 Undergraduate Tuition & Fees* // $26,262 Average Graduate Student Tuition & Fees*|
|% of First-Year Students Receiving Some Form of Financial Aid (2013-2014)||80%*||N/A*||55%*|
|Acceptance Rate (2014)||84%*||N/A*||34%*|
|Retention Rate (2014)||76% for full-time students*||N/A*||96% for full-time students*|
|Undergraduate Graduation Rate (2014)||55%*||N/A*||91%*|
Source: *NCES College Navigator
Suffolk offers finance degree programs at the undergraduate and graduate levels, including a dual degree program that permits students to earn a master's degree in finance and a Juris Doctor (JD) simultaneously. A joint graduate degree program in finance and business administration is also available.
Bachelor of Science in Business Administration - Finance
Suffolk students earning the Bachelor of Science (BS) in Business Administration with a major in finance undergo classes in subjects including investment principles, managerial finance issues, and multinational finance. Students may choose from four optional concentrations in financial institutions, financial planning, corporate finance, or investment.
In the financial institutions concentration, students choose from courses that cover such areas as mutual funds or real estate, in addition to completing required coursework on topics like capital markets. The financial planning concentration comprises study in subjects including estate planning, business finance, and federal taxation. Students pursuing a concentration in corporate finance take classes in financial statement analysis and capital budgeting, while the investment concentration includes instruction on topics like options and investment analysis.
All students in the program may choose from electives in subjects such as retirement planning, general insurance, and quantitative analysis. Finance majors are required to undertake a minimum number of professional field experience hours in order to graduate.
Master of Science in Finance
Master of Science in Finance (MSF) students at Suffolk complete courses in areas including futures and options, financial policy, econometrics, and corporate finance theory. Additional classes in data analysis, financial management, and economic analysis, among other subjects, may be required or waived depending on a student's academic background. The MSF curriculum further encompasses elective study on such topics as portfolio management, analysis of fundamental equity, private capital markets, and fixed income securities. Students have the option to earn dual degrees in business administration, accounting, or a juris doctorate.
University of Massachusetts - Boston
UMass Boston's finance program combines foundational study in business with specialized coursework in finance. The school recently debuted a business administration PhD program with an emphasis in finance to go with its master of science program.
Master of Science in Finance
MSF candidates at UMass Boston are required to take business classes in accounting, economics, and financial management, as well as finance courses in such areas as corporate finance, investment portfolio analysis, and international financial management. Students additionally choose from electives that cover topics like environmental accounting, risk management, mutual funds management, and derivative securities. The program culminates with a mandatory course in acquisitions and mergers.
PhD in Business Administration, Finance Track
UMass Boston's PhD BA program emphasizes learning through experience, and students do research with local business leaders. The finance track includes courses in quantitative financial analysis, financial economics, investment asset pricing, and international finance. Candidates are also required to do an internship in industry research, teach multiple undergraduate courses, and successfully defend a thesis.
Boston College's degree programs in finance span from the undergraduate to the doctoral levels. The school employs more than a dozen part-time and 25 full-time finance faculty members.
Bachelor of Science in Finance
Students seeking a BS in Finance at BC take required courses in subjects like financial policy, investments, and corporate finance. In addition, students select elective classes from among areas including economic forecasting, finance for small businesses, hedge funds, and investment banking.
Master of Science in Finance
Students may pursue BC's MSF program in a full-time or part-time format. The curriculum comprises mandatory courses in financial institution management, financial policy, and financial econometrics, along with a minimum number of classes from among topics including risk management and portfolio theory. Students additionally undertake elective options from disciplines like information systems, marketing, business law, or accounting. MSF candidates who undergo the program on a full-time basis have the option of completing a quantitative track, which incorporates specialized study in technical, mathematical, and analytical areas. All students in the program are required to complete a minimum number of volunteer community service hours.
PhD in Finance
BC's finance PhD program encompasses coursework in statistics, economist microeconomics theory, corporate finance, and asset pricing theory, among other subjects. Students also partake in a teaching assistantship. Approximately halfway through the program, PhD candidates take a comprehensive written test, after which they begin performing thesis research full-time. Students complete a research project during their third year of the program and spend their final year preparing their dissertation, which they defend in a setting open to the college community.
Students can alternatively earn finance degrees at a variety of Boston-area schools. Within 25 miles of downtown Boston, finance programs are available at Bunker Hill Community College, a 2-year school, as well as the 4-year institutions Northeastern University, Simmons College, Bentley University, Brandeis University, Lasell College, and Salem State University.