For admission to the Graduate School, an applicant must hold either (1) a baccalaureate degree from a regionally accredited U.S. institution or (2) a tertiary (postsecondary) degree that is deemed comparable to a four-year bachelor's degree from a regionally accredited U.S. institution. This degree must be from an officially recognized degree-granting institution in the country in which it operates.
Prior to starting the Master of Finance program, applicants who do not have a sufficient background in business statistics, financial management/corporate finance, and microeconomics will be expected to enroll in online self-paced, non-credit mini-courses. The objective is to establish a baseline knowledge in these disciplines and to prepare the student for the advanced coursework in this program. For more information on pre-program coursework, email [email protected].
What You Need
Applications are submitted electronically and include a nonrefundable application fee. You will need to upload the following items as part of your application:
Official transcripts from each institution attended, regardless of the number of credits or semesters completed. Transcripts not in English must be accompanied by a certified translation. Penn State alumni do not need to request transcripts for credits earned at Penn State, but must list Penn State as part of your academic history. If you are admitted, you will be asked to send an additional official transcript. You will receive instructions at that time.
GPA and Test Scores — An undergraduate cumulative grade-point average of 3.0 or better on a 4.0 scale in the final two years of undergraduate studies is required. Postsecondary (undergraduate), junior/senior (last two years) GPA is required.
Official GMAT or GRE scores from within the past five years are required. Preferred applicants will have a GMAT score (or GRE equivalent) of 500 or better.
Applicants may request a waiver if they meet one of the following criteria:
- An undergraduate junior/senior GPA of at least a 3.0 on a 4.0 scale at a regionally-accredited university with AACSB, EQUIS, or AMBA accredited business programs or an undergraduate junior/senior GPA of at least a 3.3 on a 4.0 scale from a regionally-accredited university without AACSB, EQUIS, or AMBA accredited business programs AND demonstrated effective communication and quantitative skills based on course work
- An advanced degree (e.g. master’s or higher) from a regionally-accredited university with AACSB, EQUIS, or AMBA accredited programs
- Membership in Beta Gamma Sigma, the business honor society recognized by AACSB
- One or more professional certifications including a CFA, CPA, FRM, and/or CMA, or doctoral degree (e.g. Ph.D., M.D., or J.D.)
Submit your GMAT or GRE scores directly from the testing center to Penn State using code 2660.
English Proficiency — The language of instruction at Penn State is English. With some exceptions, international applicants must take and submit scores for the Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS). Minimum test scores and exceptions are found in the English Proficiency section on the Graduate School's "Requirements for Graduate Admission" page. Visit the TOEFL website for testing information. Penn State's institutional code is 2660.
References (2) — you will need to initiate the process through the online application by entering names and email addresses of two references. Upon submission of your application, an email will be sent to each reference requesting they complete a brief online recommendation regarding your commitment for success in an online program. Please inform all recommenders they must submit the form in order for your application to be complete.
Résumé — Upload your résumé (one-to two-pages) to the online application.
Statement of Purpose — In one page, describe your short- and long-term professional goals and how enrolling in the Penn State Master of Finance program would help you achieve them. It should also include your expectations of the Master of Finance program and the skills and strengths you would bring to the cohort. Upload your one-page statement to the online application.
Start Your Application
You can begin your online application at any time. Your progress within the online application system will be saved as you go, allowing you to return at any point as you gather additional information and required materials.
- Choose Enrollment Type: "Degree Admission"
- Choose "WORLD CAMPUS" as the campus
Checking Your Status
You can check the status of your application by using the same login information established for the online application form.
Review the technical requirements for this program.