New England College of Business (NECB) is an online college accredited by the New England Association of Schools and Colleges (NEASC) and licensed by the Massachusetts Department of Higher Education. Located in Boston, M.A., NECB was founded in 1909 as the American Banking Institute (ABI). It received authority to grant an Associate’s Degree of Business Administration in 1979 and full college accreditation in 1985 – the only bank-sponsored U.S. school to be accredited as a degree-granting college. In 1988, its name was changed to New England College of Finance (NECF) and its scope of study expanded to include all financial services with particular emphasis on banking, insurance and investment management.
In 2002, NECF partnered with the Alfred Sloan Foundation to deliver its degree programs online. Thus the first online degree programs were delivered via NECFOnline. In 2004, UC Berkeley adopted NECF’s finance curriculum and the Accelerated Program in Financial Services was launched. In 2008, NECF officially changed its name to New England College of Business and Finance (NECB).
Today, NECB offers online business degree programs in the undergraduate and graduate levels. For its undergraduate level programs, it offers Associate’s and Bachelor’s Degree in Business with concentrations in Accounting, Finance, Management, Banking, or Marketing. For its graduate level programs, NECB offers Master of Science in Finance (MSF) and Master of Science in Business Ethics and Compliance (MBE). In all its online programs, NECB provides students with a technology platform that gives them access to all course materials whether they are on or offline.
Different tuition costs are charged for member banks and the general public. For NECB’s graduate programs, total program cost for the general public is US$19,600 and for members, US$14,600. Financial aid is available via loans, grants and scholarships.