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Application Process

Change the trajectory of your future and join the MS Finance program.

Application Deadlines

The Master of Science in Finance Class of 2024 application is now open!

Round 1: October 17, 2022
Round 2: January 9, 2023*
Round 3: March 27, 2023
Round 4: May 15, 2023

*International final deadline

Before You Apply

Admissions Eligibility and Criteria

The Texas McCombs Master of Science Program offers rolling admission each year with four deadline options. Each Admissions Committee holistically reviews applications to each program. Applicants have the opportunity to apply to more than one Master of Science Program for a single application fee. You will be able to indicate your interest in multiple programs within any of the Master of Science Program applications.


An eligible and complete application consists of the following: 

  • Online Application 
  • Bachelor’s degree from a regionally accredited institution in the United States or a comparable degree from a foreign academic institution 
  • GPA of at least 3.0 (on a 4.0 scale) or a comparable GPA in upper-division work and in any graduate work already completed 
  • Transcripts (converted to a PDF) of all higher education institutions you have attended. This is sufficient for our admissions committee to review your application. 
    • Once you submit your application and pay your application fee, you will have to send official transcripts to our Graduate School. You can find more information here. 
  • Official Test Scores (GRE, GMAT, TOEFL, IELTS)  
    • UT students with a 3.5 or higher cumulative GPA will receive a test score waiver, this year only. Please reach out to learn more. 
      • International students must submit TOEFL or IELTS score report 
      • International applicants who are from a qualifying country are exempt from this requirement 
  • Application Fee ($65 domestic; $90 international) 
  • Written & Video Essay
  • Letters of Recommendation
  • Resume (PDF)
  • Program-specific prerequisites


If the admissions committee requires further information about a candidate, an interview may be required.
 

More details about each requirement can be found below in the Prepare Your Application & All Requirements section.

Program Prerequisites

While the McCombs MS Programs do not require work experience, we have found that a combination of high-quality experiential learning and work experiences has led to the best student outcomes. Each student will bring a unique collection of experiences and we will evaluate each case independently as part of our holistic review process.

Students admitted to the MSF program will be required to complete an online Excel and Accounting bootcamp prior to the start of the program. The bootcamps are self-paced and are not graded.

View the MSF curriculum here

Holistic Review

We are unable to provide prescreening of profiles or determine anyone’s likelihood of being admitted before receiving their complete application and reviewing it relative to the applicant pool.

We do not admit/deny solely based on test scores since we are looking for overall exceptional applications, including high grades, strong professional development, high test scores, and communication skills.

We consider a wide variety of factors, including but not limited to, previous relevant experience, leadership, extracurricular activities, demonstrated communication skills, and strong quantitative skills, in addition to grade point average and test scores. Key criteria being evaluated by the admissions committee includes your academic aptitude, interview (if granted), test scores, and personal characteristics.

COVID-19 Test Waiver Petition

At McCombs, we understand that applicants are experiencing hardships due to the COVID-19 pandemic and that these challenges may be affecting your ability to take the required GRE/GMAT test. Due to the unprecedent circumstances, we are providing applicants who are directly impacted by COVID-19 with the opportunity to petition for a GRE/GMAT test waiver.

If you are still able to take an exam, we strongly encourage you to do so. Graduate Management Admission Council (GMAC) and Educational Testing Service (ETS) have introduced remote testing options for the GRE and GMAT exams.

If you are unable to take the GRE or GMAT exam due to challenges or barriers related to COVID-19, please review the waiver eligibility and fill out the waiver form below. Please note a UT EID is required to submit the waiver form. If you don't have a UT EID, create one here.

Review waiver eligibility

Fill out the waiver form

  • UT Undergrads Can Earn Two Degrees in Five Years

    UT undergrads have the opportunity to apply in their junior year to the MS degree program of their choice. The MS Bridge Program offers students enrollment for a Master of Science Program graduate degree while completing their undergraduate degree. Admission as a Bridge Student is highly competitive but includes a number of benefits.

How to Apply

Prepare Your Application & All Requirements

1. Online Application

a. Complete the online application by the submission deadline for the round you choose to apply.

b. You cannot access our application from the ApplyTexas site. You must go to our site and click on the orange “Apply Now” button at the top left of our page. If you are a first-time user, please create an account/EID.

2. Transcripts

a. When filling out your application, you must upload transcripts (converted to a PDF) of all higher education institutions you have attended. This is sufficient for our admissions committee to review your application.

Once you submit your application and pay your application fee, you will have to send official transcripts to our Graduate and International Admissions Center (GIAC).

You can find more information from GIAC here. 

3. Official Test Scores

a. GRE or GMAT

i. Test scores must be received before the round deadline. On the application, you will upload a PDF of your score report. Self-reported scores are considered unofficial but will be used to review your application. You must send your official test scores to our Graduate and International Admissions Center (GIAC). Please be aware that it will take 4-6 weeks for your official scores to get to our Graduate and International Admissions Center (GIAC). You can monitor your requirements after you apply on the MyStatus Page.

Scores sent to our Graduate and International Admissions Center (GIAC) must be sent to the university by the testing agency (self-reported scores are not accepted by GIAC). The Educational Testing Service (ETS) institution code for UT Austin is 6882. There is no institutional code for the IELTS examination. To fulfill the requirement with scores from the IELTS, please use the IELTS electronic score delivery service to send your scores to the “University of Texas at Austin” account.

b. TOEFL or IELTS (English Proficiency)

i. International students applying to UT Austin must submit either an official Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS) score report demonstrating an adequate knowledge of English. The Institutional TOEFL (ITP) and the IELTS General Training are not accepted. International applicants who are from a qualifying country are exempt from this requirement. Additionally, applicants are exempt from the requirement if they possess a bachelor’s degree from a U.S. institution or a qualifying country. The requirement is not waived for applicants who have earned a master’s—but not a bachelor’s—degree from a similar institution. You can contact GIAC directly and inquire about your specific situation: intladm@austin.utexas.edu. There is no institutional code for the IELTS examination. To fulfill the requirement with scores from the IELTS, please use the IELTS electronic score delivery service to send your scores to the “University of Texas at Austin” account.

4. Application Fee

i. The application fee is $65 for domestic applicants and $90 for international applicants. After you submit your application and get access to MyStatus, you may pay your application fee online through UT Austin’s What I Owe page (UT EID and password required). After submitting your payment, you may return to your MyStatus page and refresh it to immediately confirm that your payment was received.* 

*The GIAC department receives many applications per day, and it takes 3-5 days after submission for them to receive your application and apply an application fee to your account. The application fee does not need to be paid by the application submission deadline. If your application is submitted by the deadline at 11:59 p.m. CST, your application will be considered on time by the admissions committee and without delay. However, a decision cannot be rendered until your fee is paid. Please frequently check your MyStatus page to pay your fee.

The MSPO office does not manage fee waivers or eligibility; that is through our Graduate and International Admissions Center. If you can’t afford the application fee and are a U.S. citizen or permanent resident pursuing your first graduate degree, you may be eligible for a fee waiver (not available for the MBA or MPA programs). Fee waivers are not available for international citizens. If you are eligible for a waiver, do not pay the application fee when prompted. Instead, submit your application and indicate you will pay later. More information can be found here.

5. Essays 

a. All essays must be submitted with your application by the deadline. You cannot edit your essays after your application has been submitted. Please make sure your video essay is public and can be viewed by our admissions committee. 

b. MSF Essay Prompts

i. Required

(1) Written Essay

(a) How have your personal, academic, and professional experiences led you to pursue the MS Finance degree at this time? Please discuss both your short- and long-term career goals, including your vision of your post-graduation employment, and describe how the Texas MS Finance will help you meet those goals (maximum 500 words).

(2) Video Essay

(a) Imagine that you are at a job interview after completing the MS Finance program. Give a one- to two-minute argument for why you are the best person to hire. Begin with a description of the job that you are applying for and then use your undergraduate training, your MS Finance experience, and any relevant work experience you must justify your hiring. Please provide a public URL to your video essay.

ii. Optional

(1) If your standardized test scores are low or if you have not had coursework that demonstrates quantitative and analytic proficiency, please tell us how you plan to prepare yourself for the quantitative rigor of the MS Finance curriculum (maximum 250 words).

(2) Please provide any additional information to the Admissions Committee that will be beneficial to the committee in considering your application. Please include information that you believe is important and/or will address any areas of concern the Committee might have (maximum 250 words).

6. Letters of Recommendation

a. MSF Letters of Recommendation

i. The most effective letters will describe the applicant's quantitative skills and intellectual ability.

ii. The MSF program requires two letters of recommendation in total. We highly recommend that one of the two letters comes as an academic reference.

b. Helpful Tips

i. Recommendation letters must be submitted by the application round deadline to be considered a complete application.

ii. When you are filling out your application, you will input your recommenders' names and emails. You do not upload the letters yourself. Letters of recommendation are uploaded and received directly from the recommender via a secure portal, after your request. If you are applying to two MS Programs, you will have to request letters of recommendation for EACH program, even if you have the same recommender. Please be aware these letters should reflect your interest in the specific program you are applying to.  

iii. We cannot review your application if you are missing letters of recommendation. Once your letters of recommendation are received, you will receive an automated email. If your recommender has not received your request, have them check their spam folder. You can also go to your application and choose ‘Manage Recommenders’ and send a reminder email. 

7. Resume

a. You must upload a PDF copy of your resume to your application.

Submit Your Application

Applications are due by the deadline for the round you choose to apply. Applications are due no later than 11:59 p.m. CST on the day of the submission deadline. Read the Application Instructions carefully and complete each application section as directed. It is very important that all information is complete and accurate for your application to be reviewed. Tip: Don't forget to self-report your test scores and have them sent to UT Austin.

Application issues? You will need to submit a ticket to our Help Center. Please log in to your application and you will see ‘Help Center’ in the top banner.

Forgot your EID or password? Go here to reset it.

First-time user? Create an account at this link.

Interviews

Not all applicants will require an interview for admissions. Interviews will be conducted as a virtual interview.

You will receive an invitation directly from the program if you are selected for an interview. Interview invitations are sent in batches depending on when your application is reviewed. If your peers have received an interview invitation and you have not, please note that the program will contact you if an interview is needed.

Admission Decisions

Decisions

The application review process can take up to 6-8 weeks depending on the volume of applications we receive. Decisions are typically released 6-8 weeks after the posted application round deadline.

Waitlist

The McCombs MS Programs receive many applications from highly qualified applicants throughout the year, therefore, some applicants are placed on our waitlist. The waitlist is not a final decision.

Waitlisted applicants are not guaranteed to receive an updated admissions decision until the end of the application cycle. We do not have a numbered waitlist as our admissions process is a holistic review. Our admissions committee believes you are a good candidate for the program but doesn’t award all its admissions offers after the first deadline.

The admissions committee periodically reviews candidates currently on the waitlist on a rolling basis, but we are not able to offer a concrete timeline of when you will hear your final decision. Should the admissions committee require additional information, they will reach out to the applicant directly.

GRE & GMAT FAQ

1. What are the Codes for GRE/GMAT/TOEFL/IELTS? 

The Educational Testing Service institution code for the GRE and TOEFL is 6882.
The institutional code for the GMAT:

MSM: 396-44-93

MSF: 396-44-78

MSBA: 396-44-73

MSITM: 396-44-30

To fulfill the requirement with scores from the IELTS, have an official paper score report sent to the Graduate and International Admissions Center.

2. Do you prefer taking one test over the other? 

No, we do not have a preferred test. We accept both the GRE and the GMAT.

3. I have an advanced degree/work experience. Can I waive the test score requirement?

We cannot waive the GRE/GMAT/TOEFL requirement for applicants with work experience or advanced degrees. These scores are an important part of our application evaluation.

International Students

International students applying to UT Austin must submit either an official Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS) score report demonstrating an adequate knowledge of English. The Institutional TOEFL (ITP) and the IELTS General Training are not accepted. International applicants who are from a qualifying country are exempt from this requirement. Additionally, applicants are exempt from the requirement if they possess a bachelor’s degree from a U.S. institution or a qualifying countryThe requirement is not waived for applicants who have earned a master’s—but not a bachelor’s—degree from a similar institution. You can contact GIAC directly and inquire about your specific situation: intladm@austin.utexas.edu.

The final international deadline will be our round 2 deadline. All international applications are due by that round. Due to a high volume of applications, we cannot accept applications after the final deadline. Additionally, to ensure our application process is fair and impartial, we do not provide any deadline extensions.

MS Bridge Program

The MS Bridge Program offers UT Austin juniors the opportunity to start MS graduate courses during their undergraduate program.

The application cycle and deadlines will follow the same deadlines as our traditional application cycle.

Benefits:

  • Two Pathways
    • Pathway 1
      • Take MS coursework the summer in between your junior and senior year
      • Internship the following summer after you graduate from undergrad
    • Pathways 2
      • Internship the summer in between your junior and senior year
      • Take MS coursework the following summer after you graduate from undergrad
  • GMAT or GRE test score waiver for qualifying GPAs
  • Pathway 1 students will gain access to McCombs Career Services after successful completion of summer coursework between their junior and senior year.


Learn more here.

  • Already Applied? Check Your Application Status

    You will receive an email within three business days of submitting your application that will provide you with GIAC MyStatus login information. You will also need to monitor your McCombs Online Application Status. If you have any additional information to include in your application, you can submit an update by logging in, navigating to "Submitted Applications," and then “Submit an Update."