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Online Master of Science in Finance

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UC’s online Master of Science in Finance offers students the flexibility they need and allows them to complete the degree at their own pace. Students can add a “specialization” to their degree to gain distinction in either Corporate Finance or Investments.

Is the MS in Finance right for me?

Ranked as one of the 35 best Master’s in Finance programs by CollegeRank; the courses in the MS Finance curriculum help to prepare students for the Chartered Financial Analyst® (CFA), and Certified Financial Planner™ (CFP) examinations.

The MS in Finance program at the Lindner College of Business prides itself on its exceptional student population. The program qualifies as a STEM (Science, Technology, Engineering, and Mathematics) designated program. Contact an advisor for more information.

Master of Science in Finance Program Highlights

High Quality Education

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The University of Cincinnati’s online Master of Science in Finance program is a blend of theoretical and applied knowledge, enabling students to grasp theory and develop the skills needed to apply financial concepts in real-world situations. The program offers a strong foundation in all areas of finance and gives students the opportunity to customize their degree by specializing in specific areas including investments and taxation. UC’s online Master of Science in Finance program is nationally ranked and financially competitive. Our faculty consists of both world-class researchers and financial industry practitioners and experts.

Focus areas

The Lindner MS Finance program allows you to select an area of specialization, enabling you to build on the breadth and depth of the curriculum offered. Our strong core curriculum and specialization options provide the flexibility to design a program that enables you to achieve your career objectives.

Flexibility

  • 100% online
  • No GMAT requirement
  • Courses offered in spring, summer and fall semesters

Support from Application to Graduation

At UC, you’ll have a full support team behind you:


The online Master of Science in Finance online is a 30-38 credit hour program and can be completed in 1 year.

Eight hours of Business Foundations courses can be waived with demonstrated previous undergraduate coursework and/or professional experience. To find out if you qualify, contact your Enrollment Advisor.

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Some or all of these may be waived for students with prior applicable business coursework. As part of the admissions process, applications will be reviewed for potential course waivers. If any waivers are approved, you will be notified within a week of your admissions offer.
Course Title/Desc Credit
ACCT7000

Foundations in Accounting

This course educates students in the fundamentals of finance and accounting. The methods covered are used extensively throughout the MBA program. Topics include: the accounting process that results in the preparation of financial statements for external users, techniques for analyzing a basic set of financial statements, using accounting information to support management decisions, and using time value of money techniques to evaluate capital asset decisions. (MS Accounting students cannot earn credit by taking this course.) This course cannot be used as an elective course for Lindner College of Business Master's programs.

2
ECON7000

Foundations in Economics

This course provides an introduction to the fundamentals of economics at the graduate level for students without previous economics coursework. Students will be exposed to the essentials of both microeconomics and macroeconomics. Microeconomics topics to be discussed include the supply and demand mechanism,how markets are affected by regulation and taxation, costs of production, and how market structure affects outcomes. Macroeconomic topics to be discussed include the fundamental measures of the aggregate economy, the sources of economic growth, explaining short-run fluctuations in economic activity, and how government policies can affect these fluctuations. A particular focus will be to understand how fundamental economic principles at both the micro and macro level can affect companies, investments, industries, and national economies. This course may not be used as an elective course for Lindner College of Business Master's programs.

2
BANA7011

Data Analysis

Introduction to data analysis and statistical methods with focus on practical decisions using quantitative models in a spreadsheet environment. Topics include sources of data, descriptive and graphical statistical methods, probability, distributions, sampling and sampling distributions, estimation, confidence intervals, and hypothesis testing. This course may not be used as an elective course for Lindner College of Business Master's programs.

2
Students should complete only one of these courses.
Course Title/Description Credit
MKTG7000

Marketing Foundations

The purpose of this course is to provide students with a foundation in Marketing. Concepts such as segmentation, targeting, positioning, customer and market analysis, and basic marketing planning will be introduced. This course cannot be used as an elective for Linder College of Business master's students.

1
MGMT7000

Organizations

The purpose of this course is to provide students with a foundation in the study of Organizations (Management) in preparation for the MBA or MS program. The goal is to provide students with an introduction to the study of organizations (strategy, structure, design, and context) to help students navigate through the advanced graduate course work and to become a more effective manager. This entails understanding how organizations work as well as developing requisite personal skills in problem analysis and writing. This course cannot be used for an elective course for Lindner College of Business master's programs.

2
OM7011

Operations and Supply Chain Management

This course helps develop knowledge of the basic principles for operations and supply chain management (OSCM) through simulations and case studies. The focus is on decisions and activities involving the effective management of resources including, process improvement, supply management, logistics, and supply chain coordination

2
Students complete all of the following courses (18 hours).
Course Title/Description Credit
FIN7014

Financial Management

Building on the foundational material covered in FIN 7000 (time value of money, stock and bond pricing), the main goal of this course is to develop a set of techniques for valuing capital investment projects in privately and publicly traded companies. To support this goal, the course (1) develops a set of investment criterion, (2) examines valuation techniques, (3) develops asset pricing models (the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT) in particular) to determine the appropriate required or opportunity cost of capital for discounting future cash flows, (4) considers basic risk management techniques, (5) examines how firms raise capital, and (6) analyzes the effect of financing choices on shareholder wealth, firm value, risk, and tax payments.  The course also defines real options and examines how real options are valued and affect capital budgeting decisions. To support this task, the course examines the definition, use, and pricing of derivative securities such as financial options. A secondary goal of the course is to consider what firms should do with the profits they generate given effective financial policies and decisions.  In particular, the course examines payout policy. Throughout, the goal is to have students develop intuition on financial issues so that they are not only able to analyze a variety of standard finance problems but are also capable of analyzing new issues that will arise in the ever-changing business environment.

3
FIN7031

Financial Econometrics

Analysis of financial data is a core component of investment management. You need to be comfortable and adept at sampling, modeling, regression analysis, and hypothesis design and testing in order to be an effective financial analyst. In this course we will cover many of the basic statistical and probability concepts that are central to financial analysis. Along the way we will touch on various finance concepts and terms, so, in part, this course will provide you with a conceptual introduction to various investment topics.

3
FIN7035

Equity Analysis

This course is about the analysis of financial information--particularly, but not limited to, a firm's financial statements--for making decisions about investing in a business. The primary focus is on equity (share) valuation, with some attention given to credit evaluation and the valuation of debt. The methods of fundamental analysis will be examined in detail.

3
FIN7041

Investments

This overview of investment analysis presents a comprehensive study of the theory and practice relevant to investment management. The course details the structure of markets, asset classes, and types of investment companies. Portfolio theory and asset pricing are a major focus of the course. A broad range of securities are analyzed including equities, bonds, and options; but for most topics the main focus will be on equity, leaving advanced fixed Income and derivatives topics to other courses. Many of the concepts covered are included in the body of knowledge leading to the CFA designation.

3
FIN7042

Options and Futures

The principal objective of this course is to provide a detailed examination of options, futures, forwards, and swaps. By the end of the course students will have a good knowledge of how these contracts work, how they are traded, how they are used, and how they are priced. A major emphasis in the class will be on how derivative instruments are used by financial institutions in light of recent economic events.

3
FIN7084

Masters in Finance Capstone

This course stresses the application of finance theory and methods to real business situations. While the focus of the project is finance related, a multi-disciplinary approach is desirable. A secondary objective of this course is to gain experience in collaborative teamwork to solve a business problem. All work in this course is team-based. You are required to work collaboratively and creatively with your team members to address the challenge presented. Peer evaluation and industry project coach’s evaluation of the team’s work is an important measure of your performance in this course.

3

Certificate Hours Note

Any 12-credit LCB graduate certificate other than the Business Foundations certificate can be used to satisfy the elective requirements.

Students complete any 12-credit LCB graduate certificate (excluding the Business Foundations certificate) or 12 credit hours of 6000-level or higher FIN or RE courses. Basic Business Knowledge (BBK) courses do not apply toward the required hours of electives.
Course Title/Description Credit
FIN7XXX+
RE7XXX+
Finance Electives
Any graduate-level FIN or RE course may count as an elective without Program Director approval, except Foundation/Basic Business courses. (C min)
12

Admission to the Lindner College of Business MS Finance program is selective and based on a combination of factors, including academic and professional achievement, strong communication skills, and a proven record of effective leadership. Applicants should have at least a B grade average (or equivalent) in undergraduate coursework, or otherwise provide evidence of academic promise that is satisfactory to the admitting department.

Application for Admission: Choose "Business Administration (Finance) - Online, Master of Science" on the application.

Complete the online application and submit the application fee.

Standard Application Fees:

  • $65.00 for domestic applicants to most degree programs
  • $70.00 for international applicants to most degree programs
  • $20.00 for domestic applicants to Graduate Certificates
  • $25.00 for international applicants to Graduate Certificates
  • Application fees are waived for Summer 2026 applications submitted by March 1st, 2026
  • Application fees are waived for Fall 2026 applications submitted by July 1st, 2026
  • Fee waivers are automatically applied for applicants who: 
    • are currently serving in the US armed forces
    • are veterans of the US armed forces

An unofficial transcript (or degree audit) is required from each institution attended, including in-progress coursework, even if from the University of Cincinnati. These documents must show a complete record of your courses and grades. Uploading an unofficial transcript is recommended, but an official transcript may also be sent. Your application will not be reviewed until all transcripts are received.

International Applicants: You must have a U.S. bachelor's degree from a regionally accredited institution or an international equivalent before starting the program. While NACES course-by-course evaluations are not required at time of admission, one may be requested in certain cases at the time of application. Your unofficial transcripts must be translated into English. If your grading scale isn't on a four-point scale, you will be asked to translate in the application process. For international three-year bachelor’s degrees, use the free WES degree equivalency tool to confirm U.S. equivalency. Please review the Graduate College's transcript submission policy after enrollment.

Please select two recommenders. The first recommender should be a current or former supervisor who can speak to your professional experience. The second recommender can be professional or academic. IMPORTANT: Your application will not move forward in the review process until we receive the letter of recommendation.

At the University of Cincinnati Lindner College of Business, we value thought-driven leaders. With this in mind, please upload a personal statement expressing the following:

  • How will the MS Finance program prepare you to meet your career goals?
  • How does your background prepare you to be successful in the program?
  • What short or long-term career goals do you have?

Optional: Is there something in your resume or application that needs a brief explanation? Areas in this field may include academic outliers, career breaks, completion of additional coursework, etc.

Formatting: We recommend the personal statement be between 250 and 500 words, double-spaced.

Ensure your resume clearly lists the dates of any professional (ex: full-time role, internships, co-ops), volunteer, non-profit or any other leadership experiences. There is no formatting requirement. However, please review your resume for any grammar mistakes. It should be no longer than two pages.

Standardized test scores are not required for admission to the MS program. Applicants can submit scores if they would like them to be considered as part of the application review process. The admissions committee will accept Graduate Management Admission (GMAT) and Graduate Record Examination (GRE) test scores. Scores must be sent directly from the agency to the following address:

Graduate Admissions

University of Cincinnati

PO Box 210091

Cincinnati, OH 45221-0091

  • $65 ($70 international) non-refundable University of Cincinnati Graduate School application fee.

If your native language is not English, you must demonstrate your proficiency in English. This includes submitting an IELTS, TOEFL or Duolingo test score.

Please reference the below minimum score requirements.

Minimum TOEFL and IELTS requirements by program
Program TOEFL (0-120 scale)* TOEFL (1-6 scale)* IELTS** Duolingo
MBA 90 4.5 7 120
MS Business Analytics 95 5 6.5 110
MS Information Systems, MS Marketing & PhD Programs 100 5 7.0 115
All other programs 80 4.5 6.5 110

*TOEFL: Can be sent using school code 1833
**IELTS: Can be sent to University of Cincinnati - Graduate School account.

For additional information, please reference the Graduate College website.

At the University of Cincinnati, we offer multiple start dates to accommodate your schedule. 
Term Application Deadline Classes Start

Summer 2026

Fall 2026

Spring 2027

April 1, 2026

July 1, 2026

November 15, 2026

May 11, 2026

August 24, 2026

January 11, 2027

The University of Cincinnati's online course fees differ depending on the program. On average, students will accrue fewer fees than students attending on-campus classes.

The one fee applied across all UC Online programs is the distance learning fee. Students living outside the state of Ohio must also pay an additional “non-resident” fee to enroll in courses at UC Online. This fee is lower than the out-of-state fee for traditional on-campus programs.

To view tuition information and program costs, visit the Online Program Fees page.

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The Lindner College of Business is accredited by the AACSB and has been recognized as one of the best business schools in the country by The Princeton Review and U.S. News and World Report.

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