- New England College of Business and Finance
New England College of Business and Finance Motto in English "Integrity. Knowledge. Leadership" Established 1909 Type Private President Howard Horton, esq Location Boston, Massachusetts, Massachusetts, United States Campus Online Former names New England College of Finance
American Banking Institute
New England College of Business and Finance (or NECB) is a private college located in Boston, MA. It is fully accredited by the New England Association of Schools and Colleges (NEASC).
Founded in 1909, NECB primarily delivers online degrees via a distance learning platform.
NECB grants Associate’s, Undergraduate and Graduate Degrees in a variety of diploma programs led by industry leaders, including an Associate’s degree in Business, a Bachelor’s degree in Business, a Master’s of Finance degree and a Master’s degree in Business Ethics and Compliance. All courses are taught online, in an asynchronous learning platform.
Founded as the American Banking Institute (ABI) in 1909, the institute was later incorporated by the Commonwealth of Massachusetts in 1914. ABI received their 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, ABI received full college accreditation from the New England Association of Schools and College – the only bank sponsored educational institution in America to become accredited as a degree granting college. In 1988, the member banks associated with ABI expanded throughout New England and later voted to change the name to the New England Banking Institute.
Evolving to support multiple states: 1988-1998
Following the adoption of the name The New England Banking Institute (NEBI), NEBI received official licensure from the state of Connecticut Department of Higher Education in 1990. Connecticut is the first state outside of Massachusetts to recognize Boston-based NEBI as a degree granting college. Rhode Island approved NEBI in 1993, while New Hampshire recognized the college in 1997. In 1998, The New England Banking Institute changed names to New England College of Finance.
NECF to NECFOnline: 1998–2002
In 1998, NEBI became the New England College of Finance (NECF). The name change was associated with a major strategic initiative. The landscape of financial services was changing, 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 their degree programs online. The first online degree programs were delivered through NECFOnline.
NECF to NECB – 2002 - 2009
In 2004, UC Berkley adopted NECF’s finance curriculum to include in their post-baccalaureate level 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 Finance and was also granted degree elevation authority. In 2009, NECB 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 2010, NECB began working with Banker's Academy to develop enhanced educational opportunities and degree completion options to student. Courses taken through Banker’s Academy may transfer as credit to one of NECB’s online degree programs, including: Bachelor’s degrees focused in marketing, management, business administration, banking, finance or accounting.
Today, 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.
The school offers two levels of online business degree programs:
Associate’s Degree in Business: Designed so students can earn a Bachelor of Science in Business Administration degree. Students can choose from a concentration in Accounting, Finance, Management, Banking or Marketing.
Bachelor’s Degree in Business: Focus is on critical thinking and communication skills . Students can choose from a concentration in accounting, finance, management, banking or marketing.
The school offers three Master’s degree programs, and accepts admission applications throughout the year. All coursework is delivered via an instructional model that integrates video lectures, audio feedback and peer interaction. Students have access to professors and practitioners, as well as library resources. The NECB technology platform allows students to work on or offline with access to all course materials.
- Master of Science in Finance (MSF): covers an in-depth examination of the financial industry including an overview of regulatory issues and the challenges and changes of the industry. Each course is designed to provide students with specific topics in finance and the opportunity to investigate fields of interest.
- Master of Science in Business Ethics and Compliance (MBE): The program is the first Masters in Compliance of its kind in the nation and focuses on teaching students development and implementation of policies and procedures, theories of Business Ethics and financial services.
- Master of Business Administration (MBA): The program is designed to produce graduates that are "strategic thinkers and decision makers." NECB offers MBA concentrations in several disciplines, including; Marketing, Internet Marketing, International Economics, Entrepreneurship, and Finance.
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