Admissions
To be eligible for admission to the doctoral program in finance, an applicant is required to have (at least) a bachelor's degree from an accredited college or university and a high level of competency in the English language.
All doctoral students are admitted for a full-time degree program, which begins in the fall. Spring enrollment is not permitted. Over 180 applications are received each year for three to six spots in the entering class so the admissions process is very competitive. For example, the average GMAT percentile score for entering students is typically around the 95th percentile.
All applicants are required to take either the General Test of the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT) in time for the results to reach the Department of Finance by the application deadline, January 5. The test must be taken within the past five years. International students must also submit an official report of the Test of English as a Foreign Language (TOEFL). An exception is made for foreign students who obtained a bachelor's degree in the U.S. or another English-speaking country.
How to Apply
All applicants are expected to review the application materials at the Graduate and International Admissions Center Web site.
We strongly recommend that you apply online at Texas Common Application.
The application for admission to the doctoral program consists of
TWO parts. You must submit both parts in order for your application file to be reviewed. Please follow the instructions carefully. Do not assemble your materials in folders or booklets.
Part 1: The following materials must be sent to the University of Texas Graduate and International Admissions Center (GIAC) by January 5. Please send the materials in one envelope if possible.
Address:
The Graduate and International Admissions Center (GIAC)
University of Texas at Austin
P.O. Box 7608
Austin, TX 78713-7608
U.S.A.
Street Address (for overnight letter or package
delivery):
The Graduate and International Admissions Center (GIAC)
University of Texas at Austin
2608 Whitis Ave.
Austin, TX 78705-5727
U.S.A.
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Online U.S. application or international application for students from other countries
Please apply via the Web site at http://www.applytexas.org. -
Official transcripts
Please request your official transcripts, with the final grades from all of the colleges and universities you have attended, be sent to GIAC. -
Official GRE or GMAT scores
Please request your GRE or GMAT scores be sent to GIAC. The Educational Testing Service (ETS) code for the University of Texas at Austin is 6882; the Finance department code is 4102. -
Official TOEFL scores (International students)
An exception is made for foreign students who obtained a bachelor's degree in the U.S. or other English-speaking country. International students must submit an official Test of English as a Foreign Language (TOEFL). -
Application fee (please note: applications submitted without the required application processing fee will not be reviewed)
Please do not send cash or personal checks. You may pay by credit card (Visa or MasterCard), cashier's check, money orders or bank drafts in U.S. dollars drawn in U.S. banks.
Part 2: The following materials must be sent to the Department of Finance by January 5. Please send the materials in one envelope if possible.
Address (for regular mail, express mail or priority mail):
Graduate Coordinator
The University of Texas at Austin
Department of Finance
1 University Station B6600
Austin, TX 78712-1179
U.S.A.
Address (for overnight mail or package delivery):
Graduate Coordinator
The University of Texas at Austin
Department of Finance
CBA 6.222
Austin, TX 78712
U.S.A.
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Departmental application form (PDF document)
Departmental application form (Word document)
This is for the Finance Department only. Please download the form from the Web site. -
At least three letters of reference and your personal statement of goals and objectives (PDF document)
At least three letters of reference and your personal statement of goals and objectives (Word document)
We prefer academic references, and please try to get all three letters of recommendation in one packet with sealed envelopes. Your Statement of Purpose should discuss your interest in our Ph.D. program and your reasons for doing graduate work at the University of Texas. Your statement should be no more than two pages long; it may be accompanied by a current resumé or c.v., list of publications, etc. Your statement of purpose is an important part of your application and care should be taken in writing it. -
A resumé
Please provide your current resumé. -
A photocopy of your transcripts
The Finance Department requires photocopies of your transcripts. -
A photocopy of your GRE or GMAT scores
The Finance Department requires photocopies of your GRE or GMAT scores. -
A photocopy of your TOEFL scores (International students)
The Finance Department requires a photocopy of your TOEFL scores. An exception is made for foreign students who obtained a bachelor's degree in the U.S. or another English-speaking country.
Forms for Items 1 and 2 can be obtained by clicking on the items above. (You will need Adobe Acrobat Reader to read the PDF documents.) Questions about the application procedure can be sent to finphd@mccombs.utexas.edu.
Financial Assistance
Merit-based fellowships are available through the Finance Department. An accepted applicant is automatically considered for these fellowships. The Finance Department typically offers 20-hour teaching or research assistants to all incoming students and most continuing students. In addition, a student holding a 20-hour appointment will qualify for in-state tuition.
Information about loans, work-study or other financial assistance based on need can be obtained from the Office of Student Financial Services Web site or by writing to Office of Student Financial Services, Box 7758, University Station, University of Texas at Austin, Austin, TX, 78713-7758. Their phone number is (512) 471-6282.
