Online vs on-campus finance Associate's programs

Online programs

More and more accredited community colleges are offering fully online Associate's in Finance, making it very feasible to earn this degree while balancing work or family commitments.

Here are some pros of the online format:

• Flexibility: Login and complete coursework on your schedule, as long as you meet deadlines. A lot of people are unavailable during class times offered by the closest in-person school to them, so this provides another option
• Accelerated: Online programs are often accelerated. If you're trying to get your degree as fast as possible, online degrees are likely the way to go
• Subspecialties: Some online Associate's in Finance programs have subspecialties, if you have a specific interest. For example, we've seen Associate's in Finance programs with concentrations in banking, financial planning, and more. In-person Associate's in Finance programs may not have these options
• Variety & shopping: Many community colleges offer Associate's in Finance online. You can choose between them and explore programs from institutions across the country without relocating
• Many are designed for adults: Since adults require more flexibility than recent high school graduates, many online Associate's programs are designed for adults. That usually means more flexibility and that the college takes more credit transfers if you've done some education in the past

While curriculum and graduation requirements align with on-campus versions, the online experience does involve more self-directed learning via recorded lectures, virtual simulations, discussion forums, and independent studies.

A few examples of online Associate's in Finance programs:

Davenport University

• Length: 65 credits (2 years to complete)
• Cost: US College Scorecard reports average cost of $18,771/year
• Outcomes: US College Scorecard reports $42,432 median earnings

Northeast Iowa Community College

• Length: 65 credits (Full-time students can graduate in four semesters.)
• Cost: US College Scorecard reports average cost of $8,743/year
• Outcomes: US College Scorecard reports $40,403/year median earnings

In-Person or Hybrid Finance Associate's Programs

The traditional on-campus route is a good fit for those who want a more conventional college experience with face-to-face classes, campus facilities and resources, and close interaction with professors and classmates.

Location is crucial because you'll be attending classes in person. On average, tuition for an Associate's degree program in finance at a public, in-state college can range from around $3,000 to $8,000 per year, while private colleges often have higher tuition costs ranging from $15,000 to $30,000 per year. However, it's important to note that tuition costs can vary significantly depending on factors such as the specific college or university, geographic location, and whether the institution is for-profit or non-profit.

Here are some of the pros:

• Structured class schedules and weekly meeting times: Many individuals find it challenging to excel in online classes. If you're one of them, the structured nature of in-person classes can greatly benefit you.
• Hands-on instruction, practical simulations, and case studies are integral parts of the learning experience.
• There are also extracurricular opportunities available. Your college probably collaborates with local companies that hire students. This provides internship and networking opportunities.
• Additionally, you'll have access to campus computer labs, libraries, and tutoring services.

A few examples of well-regarded local finance Associate's programs:

Bunker Hill Community College

• Length: 60 credits (2-year program)
• Cost: US College Scorecard reports average cost of $8,507
• Outcomes: US College Scorecard reports $48,670/year median earnings

Forsyth Technical Community College

• Length: 64 credits (2-year program)
• Cost: US College Scorecard reports average cost of $5,631
• Outcomes: US College Scorecard reports $32,361/year median earnings

How to Choose: Online vs Local

To pick between an online or local finance Associate's program, consider factors like:

• Learning Style: Online requires strong self-motivation; on-campus is ideal for face-to-face learners
• Cost: Costs can vary significantly. Online allows you to shop between options for the cheapest, but there may be a cheap in-person program near you as well
• Schedule: Online is flexible, while on-campus requires set class times each term
• Career Goals: An on-campus program may provide more hands-on training and networking opportunities related to your specific interests

How to Choose: AS vs AAS

When considering an Associate's degree in finance, one of the main decisions is whether to pursue an Associate of Science (A.S.) or an Associate of Applied Science (A.A.S.) in Finance. Here are some key differences between the two:

Associate of Science (A.S.) in Finance

• Includes more general education requirements in math and sciences
• Curriculum balances theoretical concepts with practical skills
• Designed for students who may want to transfer to a bachelor's degree program later
• Potential career paths include financial analyst, personal financial advisor, and credit analyst

Associate of Applied Science (A.A.S.) in Finance

• Has a more technical focus with fewer general education courses
• Curriculum emphasizes hands-on training and real-world applications
• Prepares graduates for immediate entry into the finance workforce
• Possible career options include bookkeeper, payroll administrator, and loan processor

Admissions requirements, curriculum, and costs are generally similar for A.S. or A.A.S. finance programs at the same institution. The main differentiator is the balance of general education versus technical coursework.

So, should you pick an AS or an AAS? It depends on your goals. If you want to get into the workforce quickly, an AAS may be the better choice. But if you think you may want to pursue a bachelor's degree in the future, an AS provides a smoother path. Either way, both degrees can lead to rewarding entry-level careers in the growing field of finance.