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New England College of Business

New England College of Business

New England College of Business


Engaging Approach To Online Learning

Our approach to education is different from many other colleges offering online degree programs because we are:


Our flexible, business-focused online degree programs are designed for working professionals balancing work, family, school and other responsibilities.

Learner Centric

Courses are available online to students anywhere, anytime through our cloud-based learning management system, Canvas. Courses are created with the adult learner at the forefront, intentionally equipping students with practical skills that have immediate transfer to the workplace. Courses are modularized into bite-sized nuggets that fit into the busy life of working professionals juggling competing priorities.


Our faculty is comprised of industry experts and business leaders who combine theory and real-world scenarios in the classroom. Students enjoy opportunities for interactive learning with other working professionals. This constructivist approach allows you to network and wrestle with the problems of today's workforce, leveraging your own experiences while you learn from one another. Group projects build resumes with virtual teamwork, enabling students to seamlessly transition to jobs in an increasingly globalized workforce.


We've been around for more than a century, so we understand the business of learning. The New England banking industry founded our institution in 1909 to educate its workforce. More than one hundred years later, we serve the broader business community as our graduates leverage trusted credentials to advance in today's high-demand workplace.


Online college degree programs at New England College of Business provide students with one of the most affordable tuition options for business education. The College is recognized as the most affordable private college in New England by the U.S. Department of Education College Affordability and Transparency Center (2011-2014).

Constant improvement in everything we do is important at New England College of Business. Assessments, student surveys and other kinds of feedback contribute to a winning equation of an affordable education with the assurance of quality. Provost Debra Leahy explains.


Our industry-leading, online learning design was recognized with a 2014 Gold Best Practices Award for Distance Learning Programming from the U.S. Distance Learning Association. New England College of Business was also presented with the ACHE Award for Creative Use of Technology in 2014, and our eLearning Team received Brandon Hall's Sliver Award for Best Learning Team.

Regionally Accredited

The College is accredited by New England Association of Schools and Colleges (NEASC) and licensed by Massachusetts Department of Higher Education.

History of New England College of Business


Founded in 1909 by a consortium of Boston banks to train its personnel, the American Institute of Banking (AIB) was incorporated by the Commonwealth of Massachusetts in 1914. AIB received its degree-granting authority in 1979 from the Board of Regents of Higher Education in Massachusetts to offer an Associate's Degree of Business Administration.

In 1985, AIB became the only bank-sponsored educational institution in America to be accredited as a degree-granting college, receiving full college accreditation from the New England Association of Schools and Colleges. In 1988, the member banks associated with AIB expanded throughout New England and later voted to change the name to New England Banking Institute.


Following the adoption of the name New England Banking Institute (NEBI), the school received official licensure from the State of Connecticut Department of Higher Education in 1990. Connecticut was the first state outside of Massachusetts to recognize NEBI as a degree-granting college. Rhode Island approved NEBI in 1993, while New Hampshire recognized the College in 1997.


In 1998, NEBI became New England College of Finance (NECF). The name change was associated with a major strategic initiative. The landscape of financial services was changing, and the Board of Trustees and members voted to expand NECF's market, mission, products and membership to include all financial services, with particular emphasis on banking, insurance and investment management. The College added new programs to address segments of the industry. In 2002, NECF selected the Alfred P. Sloan Foundation as a partner to deliver its degree programs online. The first online degree programs were delivered through NECF Online.


In 2004, University of California, Berkeley adopted NECF's finance curriculum to include in their post-baccalaureate online certificate program for college graduates in banking and investment management sectors. The "Accelerated Program in Financial Services" was launched in April 2004. UC Berkeley credits were transferred into master's programs at prominent NECF partner colleges.


In 2008, NECF changed its name to New England College of Business and was also granted degree elevation authority. In 2009, New England College of Business introduced its Bachelor of Science in Business Administration (BSBA), a Master of Science in Finance (MSF) and the nation's first Master of Science in Business Ethics and Compliance (MBEC).

In 2011, New England College of Business introduced its Master of Business Administration (MBA) program. Since 2011, the College has introduced two additional graduate programs: Master of Human Resource Management (MHRM) and Master of Healthcare Management (MHM).

Two additional undergraduate programs have also begun during that time period: Bachelor of Science in Digital Marketing (BSDM) and Bachelor of Science in International Business (BSIB).

New England College of Business also offers two professional undergraduate certificate programs: the Basic Accounting Certificate and the Intermediate Accounting Certificate.

Accreditation and Accolades

New England College of Business is an online college accredited by the New England Association of Schools and Colleges (NEASC) and licensed by the Massachusetts Department of Higher Education.

In 2014, the MBA program was nationally ranked as one of the Best Online Graduate Business Programs by U.S. News & World Report.

In addition, the College’s innovative, online learning environment was recognized with two national honors: the Gold Award for Best Practices for Distance Learning Programming by U.S. Distance Learning Association (USDLA) and the ACHE Award for Creative Use of Technology, awarded by the Association for Continuing Higher Education.

About New England College of Business: Fast Facts

  • Based in Boston, Mass.
  • Offers online, business-focused degree programs: Master's, Bachelor's and Associate's
  • Founded in 1909 by the New England banking industry
  • Regionally accredited by New England Association of Schools and Colleges (NEASC)
  • Focused on helping working professionals advance in business and financial industries
  • Recognized as the lowest tuition among all private four-year colleges in New England (U.S. Department of Education Affordability and Transparency Center, 2011-2014)
  • Awarded the 2014 Gold Best Practices Award for Distance Learning Programming from the U.S. Distance Learning Association and the ACHE Award for Creative Use of Technology
  • Provides a 25% tuition discount to employees and family members of Corporate Partners with continuous enrollment
  • Designated a Yellow Ribbon institution of higher learning by Department of Veteran Affairs

Program Admission Requirements

Demonstrate your commitment and readiness to succeed in business school by taking the GMAT exam – the most widely used exam for admissions that measures your critical thinking and reasoning skills.

Download the GMAT mini quiz to get a flavour of the questions you’ll find in the exam.


  • Boston

    10 High St., Ste. 204 Boston, MA 02110-1605