Where to go for an online finance degree? - Chicagoland Sportbikes
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post #1 of 19 (permalink) Old 07-07-2011, 11:17 AM Thread Starter
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Where to go for an online finance degree?

not for me, ya'll know I suck at maf.

its for the wife.

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post #2 of 19 (permalink) Old 07-07-2011, 11:22 AM
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Why online? BA/S or Masters?

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post #3 of 19 (permalink) Old 07-07-2011, 11:32 AM
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post #4 of 19 (permalink) Old 07-07-2011, 11:33 AM
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Online because i work full time and have a baby at home so cant do nights and weekends. Bachelors degree. My work is offering up tuition assistance and am looking to change positions at work to get higher pay eventually. I already have a bachelors degree in the science field.
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post #5 of 19 (permalink) Old 07-07-2011, 11:34 AM
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Is phoenix reputable though? I was hoping for a university online program, like NIU, U of I, etc.
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post #6 of 19 (permalink) Old 07-07-2011, 11:52 AM
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Quote:
Originally Posted by Forevasfire View Post
Is phoenix reputable though? I was hoping for a university online program, like NIU, U of I, etc.
Define reputable.

Your best bet would be to ask your current employer if they consider it acceptable for the position you would be going for. I know the company I work for doesn't count any online degree from any college.

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post #7 of 19 (permalink) Old 07-07-2011, 12:08 PM
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Quote:
Originally Posted by Forevasfire View Post
Is phoenix reputable though? I was hoping for a university online program, like NIU, U of I, etc.
Quote:
Originally Posted by Noodles View Post
Define reputable.

Your best bet would be to ask your current employer if they consider it acceptable for the position you would be going for. I know the company I work for doesn't count any online degree from any college.
Online it is.

Phoenix is considered by some companies a "fake" school, so that could be a problem. Talk with your HR department and/or any contacts within your companies finance group about how they feel about Phoenix.

As far as Phoenix as a school, i hear they have their programs setup real well compared to some other brick and mortar schools who just recently got into the online game.

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post #8 of 19 (permalink) Old 07-07-2011, 12:18 PM
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post #9 of 19 (permalink) Old 07-07-2011, 12:19 PM
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I think she'd be better served getting her CFA than an online finance degree.

She can still study online/via books but the CFA will mean A LOT more.
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post #10 of 19 (permalink) Old 07-07-2011, 12:22 PM
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I just found this site that might be helpful: http://www.online-education.net/sear...ogram=Finance#

Just a thought, about being careful when searching or using the term Finance. Alot of degrees/classes in "finance" focus on the stock market, securities and such, at least they do in standard university settings.

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post #11 of 19 (permalink) Old 07-07-2011, 12:26 PM
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On a side note, reconsider choosing a finance degree.

Speaking from someone who has a BS in Finance, I should have just majored in accounting instead. the accounting degree covers all aspects of the business college and is considered top tier in the list of majors (followed by finance, management, and marketing).

And when choosing a school, don't go for the no-name advertised on tv schools. NIU is probably your best bet in this area for a business degree.

Look, I can appreciate this. I was young too, I felt just like you. Hated authority, hated all my bosses, thought they were full of shit. Look, it's like they say, if you're not a rebel by the age of 20, you got no heart, but if you haven't turned establishment by 30, you've got no brains. Because there are no story-book romances, no fairy-tale endings. So before you run out and change the world, ask yourself, "What do you really want?"
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post #12 of 19 (permalink) Old 07-07-2011, 12:28 PM
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Quote:
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On a side note, reconsider choosing a finance degree.

Speaking from someone who has a BS in Finance, I should have just majored in accounting instead.
This
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post #13 of 19 (permalink) Old 07-07-2011, 12:43 PM
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Be careful with accounting (as with any degree) that can limit the different fields you can enter.

The Mrs has a finance degree and has gone from corporate banking for citigroup to analysis for one of the largest reality groups to a small group of financial advisers. None of the people she has worked with were accounting majors (except for the accountants at each company)

Then again I am really jealous of what she gets to do and her knowledge.

Jordan
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post #14 of 19 (permalink) Old 07-07-2011, 02:10 PM
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Lots of good information to consider. I will take a look at some of the links when I am at home tonight. I will have to look at the difference between accounting and finance degrees. My short term goal is to stay with my current job and move to a different position in either finance or purchasing for local government. They just renewed our tuition assistance program which is why I am considering this. I want to stay away from strictly online schools as i really dont think they consider that a valid degree at my work.

Some positions I am interested in:

Procurement Specialist
Financial Analyst
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post #15 of 19 (permalink) Old 07-07-2011, 02:15 PM
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http://www.online.uillinois.edu/

That's great that you get tuition assistance.

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post #16 of 19 (permalink) Old 07-07-2011, 02:16 PM
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Quote:
Originally Posted by Forevasfire View Post
Some positions I am interested in:

Procurement Specialist
Financial Analyst
You might want to run a search on Careerbuilder or monster for those 2 job descriptions, and find out what qualities most employers are looking for.

Look, I can appreciate this. I was young too, I felt just like you. Hated authority, hated all my bosses, thought they were full of shit. Look, it's like they say, if you're not a rebel by the age of 20, you got no heart, but if you haven't turned establishment by 30, you've got no brains. Because there are no story-book romances, no fairy-tale endings. So before you run out and change the world, ask yourself, "What do you really want?"
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post #17 of 19 (permalink) Old 07-07-2011, 02:31 PM
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Quote:
Originally Posted by Forevasfire View Post
Some positions I am interested in:

Procurement Specialist
Financial Analyst
Check the postings at your employer for those positions to see what degrees are being sought. At the company I work, the financial analyst position would require Bachelor degree in Accounting, Finance or related field. All that means is that if you have a bachelor degree period and have experience you can get the job but if you have an accounting degree you will qualify for more money then with a finance degree or something else.

As far as degrees, have you looked into a masters or mba instead of another bachelor degree. Unless you require the core knowledge to do the desired job, that a non-degree class or two at a community college cannot give you, a graduate degree will take you farther then any bachelors will.

I haven't research the prerequisites for graduate degrees in business fields, but I frequently run into people with funky bachelors and business graduate degrees.

Good Luck.

Greg

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post #18 of 19 (permalink) Old 07-07-2011, 03:00 PM
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I have a friend you used to work for Phoenix and he says it's a complete sham. I personally don't know much about it, but if you're getting tuition assistance, I would choose a "traditional"/brick and mortar school, and enroll in an online (distance learning) program.

You are often subject to the same fee per credit hour as the brick and mortar school (minus all the extra fees like rec center, transportation, etc). And the in-state v out-of-state tuition differences often apply. So perhaps look to U of I. As far as I know ISU doesn't have distance learning programs. Northwestern is another option; they have lots of info sessions on their programs, too. I believe (not positive) that their distance courses are under their School of Continuing Studies.

Many traditional universities only offer online degrees at the graduate level or as certificates (add-on type things), one reason being that they believe in the value of face to face education. So I agree with Greg that you might consider the graduate programs. Often you can have a non-business undergrad degree and still be admitted to a graduate business program; in other cases, you only have to take 1-2 courses to fill the gap and become eligible.

Also keep in mind many of the good distance education programs admit students just like the rest of the university-- meaning that not just anyone can get in, and they only admit a few times a year (for each semester/quarter). So keep that in mind when planning.

One last piece of advice, think beyond the positions you listed. I know that NOW you are interested in "procurement specialist" and "financial analyst," but what do you want to do in 5 years? 10? 15? It sounds like you are interested in sticking with your current company, so I would recommend asking people who are currently in positions you are interested in what a suggested path for you might be. Perhaps just a few courses would make you eligible for one of these positions, and you can spend the rest of your time honing your leadership skills rather than taking classes you may not ever need.

I think there's a lot of value to be had, professionally, in an MBA, and personally I would look most heavily at that option, while concurrently trying to get a break into one of these positions in which you're interested.
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post #19 of 19 (permalink) Old 07-07-2011, 07:36 PM
 
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FWIW, I'm in federal procurement, and I was a Marketing major. The only thing that I still use from college is Microsoft Office... Federal procurement (and I'm guessing most state and local government procurement) does not really use any "business" skills taught in a university since the goals of a public organization are different than private (no profit motive and transparency is key). We hire a lot of Student Interns from Lewis for our budget/acquisition branches. Getting an MPA (Masters of Public Affairs) would probably be more valuable for what you're looking for, and may be easier to get than a bachelors, too. Best of luck!

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