skip main site navigation go to current site section navigation
MSF - Master of Science in Finance | Find Out More

MSF FAQ

  • How long does it take to complete the MSF Program?
    The program takes less than a calendar year to complete. All students begin with a cohort in the summer session and finish the following spring semester.
  • What days and times are classes available?
    Classes are taught in the daytime on Monday through Friday.  We do not currently offer an evening or weekend option and students should expect to be in class full-time.
  • Is there an online or off-site option for the program?
    We do not currently offer classes online and students must plan to attend classes at the UT Austin campus.
  • How much does the program cost?
    Current tuition rates are $43,000 in-state and $48,000 out-of-state.
  • Which faculty members will be teaching the courses?
    While the faculty assignments may change from semester to semester, all courses in the MSF program will be taught by our regular McCombs Business School faculty.
  • When will the application become available?
    The application for Summer 2013 admissions is now available.
  • What are the minimum GPA and GMAT or GRE requirements?
    There is no specific requirement,but you can review our class profile to see how our most recent class scored.
    Both your GPA and test scores, as well as your coursework, should demonstrate your ability to handle the quantitative nature of our curriculum. In addition, your resume, essay, and letters of recommendation will weigh heavily into an admissions decision.
  • What are the application deadlines?
    Deadlines for 2013 admission are posted on our admissions page.
  • Is an undergraduate degree in finance necessary or recommended?
    Not at all; in fact, the Master of Science in Finance Program is specifically designed to accommodate students with non-business backgrounds or those from business disciplines other than finance.
  • If I have an undergraduate degree in finance, may I still apply?
    Certainly. You may apply and we will be happy to consider your application. However, when making the admission decision, we will consider your previous coursework and the extent to which the Master of Science in Finance is a good fit given your training and our curriculum.
  • Is work experience required?
    No, there is no work experience requirement. A required part of the curriculum, the Practicum in Finance, is designed to provide valuable work experience to program participants.
  • What sorts of careers can graduates expect to enter?
    Students can expect to be well-prepared for careers in the finance industry that require analytic and quantitative rigor. For more specific information about careers in finance, take a look at Careers in Finance.
  • Do I have to take the GMAT?
    No, but you must submit scores from either the GMAT or the GRE. The UT Austin code for submission of GRE scores is 6882. The GMAT code is 396-44-45.
  • What is the latest date I can take the GMAT or GRE?
    Official scores must be received before the admissions deadlines. Note that it can take several weeks for the scores to arrive and be entered into the UT admissions system. Applications cannot be reviewed without official scores, so be sure to leave ample time for your scores to arrive.
  • Can I transfer credits from another program or otherwise waive required classes?
    No; students are required to take all courses with their program cohort in order to ensure adequate preparation for their career.
  • What are the program prerequisites?
    Entering students must have a bachelor’s degree or the equivalent from an accredited institution. In addition, completion of a three credit hour course in statistics and a three credit hour course in economics is required. If you do not meet these requirements at the time of your application, you will be required to take them by Summer 2012, prior to beginning the program.
  • What classes at UT Austin meet the prerequisite requirements?

    The following courses would meet the requirement:

    Statistics: BME 335, C E 311S, CHE 253K, ECO 329, EDP 371, M358K, M 378K, M E 335, PSY 418, SSC 321, SSC 325H, SSC 378, STA 309, STA 371G, STA 371H, STA 375, STA 375H

    Economics: Any course listed in the course catalog with an ECO prefix

    This list is not intended to be exhaustive; if you have taken another course we will be happy to discuss its appropriateness with you. Courses from other universities or colleges will be considered at the time of application.

     

  • Can I get credit for the prerequisite courses by taking a CLEP test?
    UT Austin does not grant credit for the CLEP Statistics exam. A score of 59-80 on the CLEP Exam in Principles of Macroeconomics will give UT Austin credit for ECO 304L. A score of 60-80 on the CLEP Exam in Principles of Microeconomics will give UT Austin credit for ECO 304K.
  • May I take the prerequisites while concurrently enrolled in the MSF program?
    Prerequisites should be completed before beginning the program. Acceptance and enrollment into the MSF does not allow students to register for other UT classes so your registration will be limited to classes in the MSF curriculum.
  • Is there a thesis requirement?
    Students are not required to complete a thesis. Instead, all program participants complete a two-hour Practicum in Finance that takes place over the fall and spring semesters. The practicum is an opportunity for students to work in teams on finance projects or research questions from outside sponsors and provides valuable hands-on, real-world experience.
  • Is the program available for international students?
    We invite students from all over to apply. Your degree must meet the requirements set by the Graduate and International Admissions Center and you must submit acceptable scores on the TOEFL or IELTS. Please see the graduate admissions page for more information.
  • Is the TOEFL required?
    International students whose native language is not English must submit scores on the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) unless they are eligible for a waiver. The MSF program office does not grant those waivers; instead they are granted by the University's Office of Graduate Studies. For more information on submitting these scores and University rules regarding waivers of these scores, please visit the graduate admissions page.

    Please note that English skills are essential for success in the MSF program, both academically and professionally. As a result, the TOEFL is an important element to the application because it is a standardized, objective measurement by which applicants can demonstrate their ability to speak, read, write, and understand English.
  • Will a degree from a foreign academic institution meet the program admission requirements?
    Your degree must be comparable to a bachelor’s degree from an accredited institution in the United States. The Graduate and International Admissions Center will determine eligibility at the time of application.
  • Are scholarships or graduate assistantships available?
    The program expects to award merit based aid to qualified candidates. No separate application is necessary. Student loans are available for students who complete the FAFSA.