Application Requirements

Applicants must complete and submit an online application for the Dual MSF/MSBA degree program. The system allows applicants to save their work and return to it at any time. Supporting materials and the application fee are submitted through the online application system.


  • An account and password are required to start the online application.
  • Select the appropriate entry term and intended program:
    • "Summer 2021" for "Entry Term" and "Dual Degree - Masters of Science in Finance & Masters of Science in Business Analytics"
  • Read the instructions below carefully before completing your application.

  • When you have provided everything required to submit your application, the application will allow you to submit. The application is not complete until the recommendations are submitted and we have received your official test scores. Applications must be complete before the deadline for which you would like to be considered.

  • You will receive application update emails from Please add this email to your contact list or safe list so that important updates are not caught in your spam filter.

Completion of Calculus Course

Completion of at least one-semester college-level calculus course from an accredited institution of higher learning. The calculus course must be at the level of Calculus I or higher. Upload a course description or syllabus in the first upload on the "Carlson Masters Programs requirements" page of the application for the course that satisfies this requirement.

Applicants who have not yet completed a calculus course should not submit an application to the program until they have completed the course and received a final grade.

Completion of Statistics Course

Completion of at least one-semester college-level statistics course from an accredited institution of higher learning is required at the time of application. If the course on your academic transcript does not include the word "statistics" in the course name, please upload a course description or syllabus on the  "Carlson MS Programs requirements" page of the application for the course that satisfies this requirement.

Applicants who have not yet completed a statistics course should not submit an application to the program until they have completed the course and received a final grade.

Demonstrated Computer Programming Competency

Demonstrated competency in computer programming is required. The following programming languages satisfy the requirement: Python, R, C, C++, C#, VB, Java, PHP, Pascal, and Fortran. Competency is required in only one of these languages. Competency may be demonstrated one of three ways:

  1. Academic Coursework - University class on transcript showing formal education in and successful completion of programming coursework as an undergraduate or graduate. Upload a course description or syllabus which includes the name of the programming language learned. This course must appear on your transcript (uploaded in the Educational Background section of this application.) Do not re-upload your transcript on the "Carlson Masters Programs requirements" page of the application; this upload must be a course description or syllabus indicating the language learned in your programming class.
  2. Professional Experience - Resume indicating specific projects, assignments, or responsibilities with clear details of how computer programming was utilized in a professional, full-time work capacity. Simply listing the programming language you know is not sufficient. You must have bullet points indicating which programming language you use and how you use the programming language to complete your professional work. 
  3. Completion of Online Course - Certificate of completion for online coursework in computer programming with a course duration no less than 20 hours. Please upload a certificate of completion on the "Carlson Masters Programs requirements" page of the application. If the certificate title does not include the programming language used, please include a course description or syllabus with the upload indicating the programming language taught.

Applicants who have not yet satisfied the computer programming requirement should not submit an application to the program until they can demonstrate competency in one of the three ways listed above.

We want to admit a diverse, intellectually curious, and interesting group of students who will contribute to and benefit from the Carlson MSF and MSBA Programs. This section of the application helps the admissions committee get to know you better as an individual, and allows the committee to evaluate the extent to which your skills, interests, values, and career goals are well suited for the programs.  Please write one personal statement using no more than 750 words (2 pages), that addresses the following questions:

  • Briefly describe your short-term and long-term career goals. Why are you choosing to pursue an MSF and an MSBA at this time in your career, and what are you hoping to accomplish by doing so?
  • Why are you interested in pursuing these degrees at the Carlson School of Management?
  • An aptitude for technical and quantitative work is necessary for success in the Business Analytics program. Please provide a specific example(s) from your past academic project, internship, or professional experience where you used a technical/quantitative tool or method to solve a problem. Please provide details describing the problem/situation, the actions you took, and the results of your actions.

To be considered for admission, MSF/MSBA programs require a first university degree that is equivalent to a 4-year U.S. bachelor's degree. Students with a 3-year degree from India do not satisfy this minimum requirement and must complete an additional year of post-baccalaureate study before submitting an application to the program. If a student is unsure whether their degree is equivalent to a 4-year U.S. bachelor’s degree they should email their transcripts and proof of degree to the Office of Graduate Admissions for review. Their email is

Unofficial transcripts can be submitted through the online application. You will need to submit a transcript from each college or university where you have completed coursework before your application will be considered complete and reviewed by the admissions committee. Non-English transcripts must be accompanied by an English translation. If you have previously enrolled at any University of Minnesota campus, you can obtain electronic copies of your transcripts from OneStop student services. For more information regarding transcripts/academic credentials you need to apply please review these details

If admitted, you must submit official transcripts or academic records prior to your enrollment at the University of Minnesota. Official transcripts must be sent directly to the Office of Graduate Admissions Office from the institution. An official, certified (signature and seal) English translation must accompany non-English transcripts. The University of Minnesota reserves the right to require the submission of official transcripts or credentials at any time during the admission review process.

English language translation services in the Twin Cities

The GMAT or GRE General Test is required for admission to the Dual MSF/MSBA degree program and should be less than five years old at the time of application. The unofficial test scores should be entered directly into the online application. Official test scores should be received before the deadline for which you would like to be considered.

Take a sample GMAT test here

For GMAT, arrange for the testing service to send an official score report to code D2N-VJ-05, Carlson Master of Science in Business Analytics. Results arrive 2-3 weeks after the test. For GRE, arrange for the testing service to send an official score report using institution code 6874, U of MN graduate school. Results take up to 8 weeks to arrive.

*IMPORTANT MESSAGE: WAIVER for University of Minnesota Students
(updated for Summer 2021 admission)

Are you completing or have already completed an undergraduate, graduate or doctoral degree at the University of Minnesota in one of the following academic terms: Spring 2020, Summer 2020, Fall 2020, or Spring 2021? If yes, you may be eligible for a GMAT/GRE test waiver. Details below.

Under certain circumstances, an applicant may petition to waive the GMAT/GRE requirement. Specifically, a waiver of the GMAT/GRE exam may be considered if the applicant meets the following minimum requirements:

  • Must be completing or have completed an undergraduate, graduate or doctoral degree at the University of Minnesota in one of the following academics terms: Spring 2020, Summer 2020, Fall 2020, or Spring 2021.
  • Overall cumulative GPA of 3.0 on a 4.0 scale. Individuals with transfer coursework must provide ALL detailed transcripts.
  • Completion of prerequisites courses in statistics, math, and programming (at least one in each area) per requirements detailed below:
    • STATISTICS: Semester-long college-level statistic course(s) covering probability, statistical inference, regression, confidence intervals, hypothesis tests, and related concepts. An example of a course which satisfies this requirement is STAT 3021  Introduction to Probability and Statistics
      • An example of a course which does NOT satisfy this requirement is STAT 1001 Introduction to the Ideas of Statistics
    • MATH: Semester-long college-level calculus course(s) covering logarithms, Polynomials, integrals, differential equations, derivatives, limits, functions, and related concepts OR higher-level algebra course(s) covering vectors, dimensions, matrices, transformations, and related concepts.
      • An example of courses which satisfy this requirement include: MATH 1271/1371/1571H Calculus I, MATH 1272/1372/1572H Calculus II, MATH 2243/2373/2574H  Linear algebra and differential equations, MATH 2263/2374/2573H Multivariable calculus and vector analysis
      • An example of courses which do NOT satisfy this requirement include: MATH 1142 Short Calculus, MATH 1155 Intensive Precalculus, MATH 1031 College Algebra and Probability
    • PROGRAMMING: Semester-long college-level programming course(s) designed specifically to teach one of the following programming languages: Python, R, C, C++, C#, VisualBasic (VB), Java, PHP, Pascal, or Fortran. Online certificates and professional experience cannot be used to satisfy the programming prerequisite if you are requesting the waiver. It must be a full college course.
      • An example of courses which satisfy this requirement include: CSCI 1113 Introduction to C/C++ Programming, IDSC 3101 Introduction to Programming, IDSC 3102 Intermediate Programming
      • An example of courses which do NOT satisfy this requirement include: IDSC 3001 Introduction to Information Technology in Business, CSCI 1001 Overview of Computer Science, STAT 3032 Regression and Correlated Data*

* Although the R programming component of this course would satisfy the programming prerequisite for admission consideration, the programming requirement for the test waiver is stricter and we require a course dedicated fully to the instruction of programming and a specific programming language.

The courses listed are not an exhaustive list, demonstrating just a few of the courses which do or don't satisfy each requirement.

To apply for the waiver, please use the button below to create an application for the program. Once the application is created, go to the Admissions Test Score Information section and select "Request a Waiver" from the dropdown menu. From there, upload or complete the required fields for waiver consideration.


Please follow and fully complete the instructions listed above to be considered for a GMAT/GRE waiver.  Please note completion of this request is not a guarantee for a waiver. This waiver request should be submitted and reviewed per the policy instructions before application submission.

Your request will be reviewed by the MS Programs Admissions Team. The admission representative will follow up with you within 1-2 weeks from the time you've submitted complete request. Interviews are held by invitation only. 

Please direct all questions about the Academic Test Waiver to

Prepare a current resume that includes a detailed education and employment history in no more than 4 pages.

Resume guidelines

  • List both employer and official position held.
  • Specify both month and year for dates of employment in each role.
  • Detail job responsibilities and accomplishments in approximately 3-5 bullet points.

For additional guidance, check out the video tutorial our Graduate Business Career Center (GBCC) put together and the corresponding template to help simplify the process.

Upload your completed resume in the online application where prompted for Resume or CV.


We require two recommendations for the dual degree application. These recommendations can be from any combination of professional and academic recommenders, though we suggest that at least one recommendation come from a supervisor if you have professional experience. 

Please note that you do not need to solicit letters of recommendation from your recommenders. We partner with GMAC for the Common Letter of Recommendation, so you simply need to provide contact information for your recommenders and the form will be automatically routed to them via email for completion. The form does include an optional section to attach a letter of recommendation if your recommender chooses to add that component.

We recommend getting started on your application early so you can enter the recommender contact information right away before continuing to work on your application. Both recommenders must complete the aforementioned GMAC form before your submitted application is considered complete. This means all recommendations must be received before the deadline for which you would like to be considered. 

If English is not your first language, you must take the TOEFL,  IELTS, or PTE exam. We accept scores from any of these exams; it is not necessary to take more than one. Scores must be less than 2 years old when you apply. Due to the current COVID-19 pandemic, the Office of Graduate Admissions is offering some additional English proficiency testing options for 2021 only. Additional details are listed below.

You do not need to take an English language test if:

  • You completed your post-secondary coursework in one of the following English speaking countries or regions: United States, Canada (except Quebec), the United Kingdom/Ireland, Australia, New Zealand, most current and former British and U.S. territories in the Caribbean/Central and South America. Note: Candidates who completed their undergraduate education in India are required to submit English language testing scores.


  • You have completed 24 quarter credits or 16-semester credits (within the past 2 years) as a full-time student at a recognized institution of higher learning in the United States or other English-speaking countries. The credits must be completed before enrolling in the University of Minnesota.

If you are exempt under one of these categories, simply leave the TOEFL and IELTS sections of the online application blank.


To support applicants unable to take in-person tests during the COVID-19 pandemic, the testing options described below are available (depending on your region) for Summer 2021 admission:

TOEFL iBT Special Home Edition
The TOEFL iBT Special Home Edition is available in most countries except mainland China and Iran. The score and test date requirements are the same as those listed for the in-person version of the TOEFL listed below in this section. Admitted applicants will not need additional assessment testing during orientation.

Duolingo English Test (DET)
The Duolingo English Test will be accepted with the score and test date requirements listed below. Please visit the Duolingo preparing for the examscheduling the exam, and FAQs sites for more information.

A minimum score of 120 or above is required for the overall score, and a minimum score of 120 or above is required for the literacy section sub-score. No scores below 120 will be considered for admission as our program does not administer additional assessment testing during orientation. Scores must be less than two years old when you apply.

Test of English as a Foreign Language (TOEFL)
Typically competitive score is 105 or higher on the internet-based TOEFL. We require a minimum 21 in writing section and a minimum 19 in reading section of the TOEFL score. We must receive an official score report directly from the testing service. Scores should be sent to institution code 6874. If prompted, you can select any department code, department group, school type, division, etc. Regardless of this selection, all scores sent to the institution code 6874 will be received by the Office of Graduate Admissions. 

To be considered for admission, we require a minimum overall band score of 7.0, with no section lower than 6.5. 

IELTS test scores are verified using the Test Report Form (TRF) number. You may upload a scanned copy of your IELTS Test Report Form in your application or email the score report to

Please do not request to have the report sent directly to the University of Minnesota MS Programs office, as we cannot receive mail at this time. Score reports will be accepted via email from applicants or the testing agency. 

Pearson Test of English Academic (PTE Academic)
To be considered for admission, we require a minimum 65 score. We must receive an official score report from Pearson. When you take the exam, please specify that you wish to have an official score report sent to the Carlson School of Management. Our program code is JP3-5T-48.

Note: We do not offer an option for the English language ability to be assessed upon arrival on campus.

The application fee is $75 (non-refundable) for U.S. citizens; and $95 for international applications and U.S. residents with foreign credentials. The application fee will be waived if the applicant has been on active duty in the U.S. military within three years of submitting an application.

  • The video essay is a required component of the application that provides candidates with an opportunity to show the admissions committee the authentic you.  Think of this video essay as if you were answering an interview question with a member of our admissions committee.
  • You will need to use a computer with camera and microphone capabilities. You will have the ability to test your technology before starting the video essay and submit a practice video essay.
  • You can test your technology and run the practice simulation as many times as you wish to be comfortable with the format and technology.  You will be able to review your practice video essay(s) and your recording(s) will not be saved beyond the testing phase and will never be reviewed.
  • You can also practice responding to impromptu questions offline with a friend or colleague before completing the video essay portion of your application.
  • You will be prompted to click "Ready" once you are prepared to submit an official video essay.  You will be asked one impromptu question from a bank of imaginative or behavioral questions selected by our admissions team.
  • Two minutes (120 seconds) will be provided to prepare an answer and two minutes (120 seconds) to record an answer.   Recording will automatically stop after two minutes.  You are not required to use the full two minutes.  If you have time remaining once complete with your response, click the "Stop Recording" button to end the recording.
  • You will only be provided one attempt to record your official video essay.

Admission interviews are by invitation only. Not all applicants will be interviewed. Interviews may be conducted on campus or via Skype. The interview is approximately 30 minutes in length and aimed at better understanding a candidate’s academic and professional background. You should treat the interview as you would a job interview. Appropriate attire is business professional.

Application Deadlines

Round Submission Deadline Decision Notification
Round 1

November 1, 2020

December 31, 2020
Round 2

January 3, 2021

March 15, 2021
Round 3

February 3, 2021 

April 15, 2021
Round 4

March 15, 2021 

April 30, 2021

Round 5

April 15, 2021 May 30, 2021

Apply Today

IMPORTANT: MS in Finance Program Orientation is required for all incoming students. Orientation for Summer 2021 will be held in early July 2021.


You are completing three semesters of the MSF program and three semesters of the MSBA program. The below are tuition cost estimates for 2020-2021.

  Resident Cost Non-Resident Cost

Per Credit



MSF - Total tuition cost for 27 credits



MSBA - Total tuition cost for 36 credits



The total tuition cost for the MSF-MSBA Dual Degree program



Visit the MSF and MSBA websites for more information regarding student fees, financial aid, and scholarship opportunities for each program. 


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