Admission Requirements
MSF Online Admissions Application

We recommend submitting this application at least 2 weeks prior to program deadlines. Applicants are encouraged to submit their application as soon as possible – even if official test scores and letters of recommendation have been requested but have not yet been received.The online application will ask for personal information such as your address, Social Security number, date of birth and questions used to determine residency status. If you would like more information about determining your residency status, please contact the Office of Residency.

After submitting, you can verify that all application materials have been received by logging into the application portal. Admissions decisions are typically returned 2-4 weeks after applications are completed. See notification dates. Note that the application process is completed entirely online. Please do not mail any application materials to our office.

Bachelor's Degree

MSF applicants must have completed the equivalent of a four-year U.S. bachelor’s degree from an accredited college or university. An academic or employment background specifically in business is not required to apply to the MSF program.

International applicants holding a three-year bachelor degree should contact IAO@SA.Utah.edu to determine whether additional coursework will be needed before applying to a graduate program.

Minimum GPA

Applicants must have earned their degree with a cumulative GPA of at least 3.0. Consideration will be made for applicants meeting this 3.0 GPA over the last 60 hours taken in their undergraduate course work.

For international applicants who attended an institution that did not use a 4.0 GPA scale, transcripts will be evaluated by University of Utah International Admissions officers. Your GPA will be converted to a 4.0-scale equivalent after you submit your application.

Standardized Test Score Requirement (GMAT/GRE)

MSF applicants are required to take the GMAT or GRE standardized test. Scores are used to indicate aptitude for business studies and are valid for five years. If an applicant has taken the GMAT or GRE more than once, the highest score will be considered.

Score Reporting

Please note that official GRE/GMAT scores take 2-4 weeks to reach the University, and official scores need to be received and processed before application deadlines. Please account for this timeline when scheduling exams and sending official score reports.

GMAT/GRE Preparation

The University of Utah offers GMAT and GRE preparation courses through the Office of Continuing Education.

You may also consider using free online resources, such as:

GMAT/GRE Score Information

  • The MSF program does not have a minimum GMAT or GRE score requirement. The average GMAT score for admitted applicants is historically 570-590, and the average GRE score for admitted applicants is historically 309-312. A score at or above the average is competitive for the program.
  • Applicants who score a 650 or higher on the GMAT/GRE will be awarded an admissions scholarship.
  • For applicants who take the GRE, we convert all GRE scores to the GMAT scoring scale in order to maintain consistency when considering applications. You can use the ETS conversion tool to convert GRE scores to GMAT scores.
GMAT/GRE Substitutions

Fast Track

If you are a University of Utah undergraduate student, find out if you qualify to substitute the GMAT/GRE requirement through MSF Fast Track.

Professional Leadership

Exceptional applicants who meet at least one of the following criteria can apply for Professional Leadership Application Status, which will allow for relevant work experience to substitute for the GMAT/GRE requirement. Applicants must have at least a 3.0 cumulative GPA from an accredited institution. The MSF program director reviews all requests for professional leadership status and will determine if a candidate meets the requirements. All applicants requesting this status will need to complete an interview as part of their request.

  • Three or more years of full-time professional work experience in the finance industry, influencing capital budgeting process, and which may include investment, financing and/or pricing decisions.
  • Seven or more years of full-time, managerial experience demonstrating progressive responsibilities and must include overseeing a budget.
  • At least one year of professional experience as an engineer, actuary, statistician or position in computer science.

Apply for Professional Leadership status

Boots to Utes

Exceptional applicants with four or more years of military service in the U.S. Armed Forces are able to apply for a Boots to Utes GMAT/GRE substitution. This status will allow for applicants to have their military experience substituted for the GMAT/GRE requirement on their MSF application.

Please note that a minimum 3.0 GPA from an accredited, non-competency based institution is required to qualify for this substitution.

Submit your resume for Boots to Utes

Professional Designations

Additionally, applicants with one of the following professional designations can qualify for a GMAT/GRE substitution:

  • Master or doctorate-level degree from a regionally accredited institution
  • CPA
  • CFA I
  • FRM

Applicants should contact MSF-Masters@Eccles.Utah.edu to verify eligibility. Recommendations and essays are still required for applicants who are approved to receive a GMAT/GRE substitution based on professional leadership, Boots to Utes or a professional designation.

International Applicants - English Language Proficiency Requirement

International applicants must demonstrate English language proficiency and the ability to contribute to classroom discussions and interact in a team environment.

International and permanent resident applicants who do not hold a bachelor’s or graduate degree from a U.S. or English-speaking institution in accepted countries (Australia, Canada, Ireland, New Zealand or the United Kingdom) are required to take the Test of English as a Foreign Language (TOEFL) and submit an official score report.

The MSF program minimum score requirements are:

  • TOEFL: 90
  • IELTS: 6.5

Applicants who score below the minimums are strongly encouraged to retake the exam before submitting an application. The University of Utah reserves the right to request additional proof of English proficiency from an applicant. Applicants should note that meeting the minimum requirements does not guarantee admission to the graduate program.

Score Reporting

Official TOEFL/IELTS scores take 2-4 weeks to reach the University, and official scores need to be received and processed before application deadlines. Please account for this timeline when scheduling exams and sending official score reports.

  • Our TOEFL code is 4853 for the University of Utah.
  • During or after the IELTS exam, you have the option to select the University of Utah to report your score electronically.
Two Letters of Recommendation

Two letters of recommendation are required for the application, and it is preferred that both come from professional relationships. At least one should come from a previous or current employer, either from full-time employment or an internship. The title or status of those you select is not necessarily important. What does matter is how closely your letter writers have worked with you and whether they can attest to your ability to add value to the workplace or professional team environment.

The best letters of recommendation will provide insight and specific examples of your potential to succeed in the competitive and challenging environment of a graduate program.

Other points to consider:

  • Choose someone who knows you well. It’s definitely a red flag when a recommender indicates “fairly well” or “not well” by the question about how well they know you.
  • Your recommenders must submit their letters via the online application.
  • You are responsible for ensuring that both recommendations are submitted before the application deadline.
  • References of a personal or social nature are strongly discouraged.
  • Where possible, recommenders should use company letterhead and email IDs when submitting recommendations.

Submitting Recommendations

Recommendations are submitted through the online application. You will be asked to supply the contact information, including e-mail addresses, for your recommenders on the online application. Your recommenders will then be sent a link to an online recommendation form. In addition to completing the form, your recommenders will have the opportunity to cut and paste or upload a letter of recommendation. All recommendations must be submitted online through this process. Paper recommendations are not accepted.

Essays

There is one required essay and one optional essay in the application for the MSF program.

Essay 1 (required for all applicants) – 750 word maximum

Statement of Purpose – Use this essay to describe why you are choosing to pursue this degree at this time in your career. Include information about what you hope to achieve while in the program, goals for after the program and why you’re passionate about finance.

Essay 2 (optional for all applicants) – 250 word maximum

The optional essay is truly optional, and may be presented in 250 words or less. It should be used to address any weaknesses (low GMAT or GPA) or inconsistencies in your application. You may use it to explain your choice of recommenders or if you believe there is other information that our admissions committee should know about your applications that hasn’t been previously addressed.

Tips for Writing Your Essay

  • Keep answers in a business context and framework.
  • Focus your energy on painting a concise, complete, and well-thought-out picture of who you truly are, rather than present what you think the admissions committee is looking for in response to essay questions.
Professional Resume

Applicants will be asked to upload a business resume that includes your employment history in reverse chronological order, with titles, dates, and whether you worked part-time or full-time. Your educational record should also be in reverse chronological order and should indicate dates of attendance and degree(s) earned. Other information appropriate to a business resume is welcomed and encouraged. We strongly recommend you submit a resume that is updated and specific for this application.

Work Experience

We do not have a minimum work experience requirement for admission. Each MSF class is diverse, with some students starting the program immediately after completing their undergraduate degree, after working for 3-5 years or even after working for several decades. While work experience is not required for admission to the program, having relevant work experience can strengthen your application.

Transcripts

The online application will ask you to list in chronological order all colleges and universities attended, including the University of Utah, regardless of length of attendance. Include each college you have taken courses from, including concurrent enrollment, study abroad and correspondence courses.

You will then be asked to upload an unofficial transcript for each institution of higher education you have listed, regardless of length of attendance. This includes the University of Utah. An unofficial transcript for each institution must be submitted separately, meaning notation of accepted transfer credit does not replace the need for an unofficial transcript from the university from where credits were transferred. Your application will not be considered complete until all unofficial transcripts have been received, so please attach unofficial transcripts for each institution of higher education you have attended before submitting your application.

Applicants must upload a copy of all post-secondary transcripts to their application. These transcripts will be used as working copies during the admissions evaluation process. Failure to list all schools previously attended or making false or misleading statements on the application may result in cancellation of admission status and/or loss of credit.

Notes

  • Official English translations must be provided if the transcripts are only in the native language.
  • If you are having trouble uploading your transcripts due to file size, please email your documents to MSF-Masters@Eccles.Utah.edu, note that you’re not able to decrease the file size, and our office will assist you.
  • Official transcripts are not required during the application process.
Application Fee

When you are ready to submit your application, you will be directed through a payment process. The application fee is $55 for domestic applicants and $65 for international applicants. Payment can be made via credit card or check. Please note that if you choose to pay by check, your application will not be reviewed until the payment is received.

An additional $30 fee will be charged for:

  • Applications for spring submitted after Nov. 1
  • Applications for summer submitted after March 15
  • Applications for summer and fall submitted after April 1
Pre-requisites and Co-requisite

For program success, students will need to have a solid academic background in statistics, introductory accounting, corporate finance and intermediate excel upon entering the MSF program. Students must complete the following courses with a C or better:

Prerequisites:

  • Introductory Accounting (U of U – ACCTG 2600)
  • Financial Management (U of U – FINAN 3040)
  • Statistics (U of U – OIS 2340)

Co-requisite:

  • Intermediate Excel (U of U – FINAN 4020)

Based on a review of the applicant’s academic background, students must complete all of the prerequisites prior to the start of the program to ensure academic success in the program. Students are strongly encouraged to satisfy the co-requisite prior to beginning the program.

Prerequisites do not need to be taken at the University of Utah. If you have questions on whether a course will transfer, please send a course description or course syllabus to MSF-Masters@Eccles.Utah.edu.

Prerequisites and the co-requisite are in addition to the graduate course requirements and will not count toward program completion. Prerequisites and the co-requisite are subject to change, and it’s important that you review the website at the start of each year in the fall to determine if any changes occur.

MSF Fast Track Program - Available to all University of Utah Students

University of Utah undergraduate students who academically excel and meet the designated fast track criteria may have the opportunity to waive the GMAT/GRE admission requirement. Eligible students must apply for fast track by completing the fast track application. Please know that approval of fast track only applies to a GMAT/GRE substitution, and applicants must submit and complete the online MSF program application for an official admissions decision.

Fast Track Requirements